A bill to liberalize the social security retirement earnings test for individuals who have attained normal retirement age, and to modify the taxation of social security benefits.

Summary

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to increase the exempted income amount under the social security retirement test for individuals who have attained normal retirement age by $3,000 each year for 1992 through 1996. Amends the Internal Revenue Code to increase to 55 percent for 1992 and 1993, and 60 percent for 1994 and thereafter, the maximum portion of OASDI benefits treated as taxable income for beneficiaries with income over certain threshold amounts.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 November 1991

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 1 November 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 1 November 1991

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

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