Senior Citizens' Financial Freedom Act

Summary

Senior Citizens' Financial Freedom Act - Amends the Internal Revenue Code (IRC) to terminate a specified increase in the tax on social security benefits after December 31, 2000. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to repeal the limitation on the amount of outside income which beneficiaries who have attained retirement age may earn (earnings test) without incurring a reduction in benefits. Amends the IRC to provide for a graduated increase in age from calendar year 2000 to 2014 and thereafter for required distributions from qualified trusts.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 March 2000

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 March 2000

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 March 2000

  Open at official source

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