,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #ddec  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #af1 #bjba ,mr4 
,gos> introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to exclude social        
security b5efits f gross income1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,no ,tax on ,social     
,security ,act ( #bjba4  #b4 ,exclusion 
( social security b5efits f gross income
  7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b (
 *apt] #a ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by ins]t+ aft] section   
#aci;,h ! foll[+ new section3  #aci;,i4 
,social security & ti] #a railroad      
retirem5t b5efits  7a7 ,exclusion ,gross
 income %all n include social security  
b5efits receiv$ by a taxpay]4  7b7      
,social security b5efit def9$  7#a7 ,9  
g5]al ,! t]m social security b5efit     
means any am\nt receiv$ by ! taxpay] by 
reason ( entitlem5t to--  7,a7 a mon?ly 
b5efit "u title ,,ii ( ! ,social        

,security ,act1 or  7,b7 a ti] #a       
railroad retirem5t b5efit4  7#b7        
,workm5's comp5sation b5efits sub/itut$ 
= social security b5efits ,= purposes ( 
?is section1 if1 by reason ( section    
#bbd ( ! ,social ,security ,act 7or by  
reason ( section #c7;a77#a7 ( !         
,railroad ,retirem5t ,act ( #aigd71 any 
social security b5efit is r$uc$ by      
reason ( ! receipt ( a b5efit "u a      
workm5's comp5sation act1 ! t]m social  
security b5efit includes t portion ( su*
 b5efit receiv$ "u ! workm5's           
comp5sation act :i* equals su* r$uction4
  7#c7 ,ti] #a railroad b5efit ,=       
purposes ( p>agraph 7#a71 ! t]m ti] #a  
railroad retirem5t b5efit means--  7,a7 
! am\nt ( ! annuity "u ! ,railroad      
,retirem5t ,act ( #aigd equal to ! am\nt
 ( ! b5efit to :i* ! taxpay] w\ld h be5 
entitl$ "u ! ,social ,security ,act if  
all ( ! s]vice aft] ,decemb] #ca1 #aicf1
 ( ! employee 7on ^: employm5t record ! 
annuity is be+ paid7 _h be5 includ$ 9 ! 
t]m employm5t z def9$ 9 ! ,social       

,security ,act1 &  7,b7 a mon?ly annuity
 am\nt "u section #c7;f77#c7 ( !        
,railroad ,retirem5t ,act ( #aigd4  4   
7b7 ,social security tru/ funds held    
h>mless ,!re are h]eby appropriat$ 7out 
( any money 9 ! ,treasury n o!rwise     
appropriat$7 = ea* fiscal ye> to !      
,f$]al ,old-,age & ,survivors ,insurance
 ,tru/ ,fund & ! ,f$]al ,disability     
,insurance ,tru/ ,fund e/abli%$ "u      
section #bja ( ! ,social ,security ,act 
7#db ,u4,s4,c4 #dja7 & ! ,social        
,security ,equival5t ,b5efit ,acc\nt    
e/abli%$ "u section #ae;,a7a7 ( !       
,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bcan-#a7;a77 an am\nt equal  
to ! r$uction 9 ! transf]s to su* fund =
 su* fiscal ye> by reason ( ?is section4
 ,am\nts appropriat$ by ! prec$+ s5t5ce 
%all be transf]r$ f ! g5]al fund at su* 
times & 9 su* mann] z to replicate to ! 
ext5t possible ! transf]s :i* w\ld h    
occurr$ to su* ,tru/ ,fund _h su*       
am5dm5ts n be5 enact$4  7c7 ,repeal (   
inclusion ( social security & ti] #a    

railroad retirem5t b5efits ,section #hf 
( su* ,code is repeal$4  7d7 ,ref]5ces  
to section #hf ,any ref]5ce 9 any       
provision ( law :i* ref]s to an am\nt n 
includible 9 gross income by reason (   
section #hf %all be treat$ z ref]5ce to 
an am\nt n includible 9 gross income by 
reason ( ?is section4  7e7 ,con=m+      
am5dm5ts  7#a7 ,! table ( sections = "p 
,,ii ( sub*apt] ,b ( *apt] #a is am5d$  
by /rik+ ! item relat+ to section #hf4  
7#b7 ,! table ( sections = "p ,,iii (   
sub*apt] ,b ( *apt] #a is am5d$ by      
ins]t+ aft] ! item relat+ to section    
#aci;,h ! foll[+ new item3  ,sec4       
#aci;,i4 ,social security & ti] #a      
railroad retirem5t b5efits4  4  7f7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4