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Senior Citizens Tax Elimination Act
To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.
Summary
This bill would repeal the current tax treatment of Social Security benefits, making them excluded from taxable income for all recipients beginning after enactment. Currently, some Social Security recipients with higher incomes must include a portion of their benefits in gross income for tax purposes; this bill would eliminate that requirement entirely. To offset any reduction in Social Security Trust Fund revenues, the bill would appropriate federal funds to hold the Social Security and Railroad Retirement trust funds harmless. The bill includes a sense of Congress that tax increases would not be used to fund these appropriations.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Sen. Sheehy, Tim [R-MT] (R-MT)
Money behind the sponsor
Top reported contributors to Tommy Tuberville’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $68,223
- BEASLEY ALLEN $19,800
- RADIANCE TECHNOLOGIES $13,782
- BEASLEY ALLEN LAW FIRM $13,200
- LEWIS M. CARTER MANUFACTURING COMPANY $12,100
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Tommy Tuberville → · Outside spending →
Actions (2)
- Feb 6, 2025 Read twice and referred to the Committee on Finance. · senate
- Feb 6, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
February 6 (legislative day, February 5), 2025
Mr. Tuberville (for himself and Mr. Sheehy) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Senior Citizens Tax Elimination Act”.
SEC. 2. REPEAL OF INCLUSION IN GROSS INCOME OF SOCIAL SECURITY BENEFITS.
(a) In General.—Section 86 of the Internal Revenue Code of 1986 (relating to social security benefits) is amended by adding at the end the following new subsection:
“(g) Termination.—This section shall not apply to any taxable year beginning after the date of the enactment of this subsection.”.
(b) Social Security Trust Funds Held Harmless.—
(1) In general.—There are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason of section 86(g) of the Internal Revenue Code of 1986.
(2) No tax increases.—It is the sense of the Congress that tax increases will not be used to provide the revenue necessary to carry out paragraph (1). <all>
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