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.

Introduced 1974-06-27· Sponsored by Sen. Gravel, Mike [D-AK]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1974-06-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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