S 3721 · 93th Congress · Taxation
A bill to provide that an individual who has attained age 65 will not be required to pay the social security tax on his first $2,400 of wages and self-employment income.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1974-06-27)
Plain Language Summary
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Provides, under the Internal Revenue Code, that an individual who has attained the age of 65 will not be required to pay the social security tax (FICA or Self-Employment Contributions Act) on his first $2,400 of wages and self-employment income, respectively.…
Summarized by Claude AI · Non-partisan · For informational purposes only