A bill to amend the Internal Revenue Code of 1954 and the Social Security Act to provide an exemption from coverage under the social security program, through a tax refund procedure, for employees who are members of religious faiths which oppose participation in such program, and to provide a similar exemption on a current basis (pursuant to waiver certificates filed in advance) for employers engaged in farming and their employees in cases where both are members of such faiths; and to make the existing exemption for self-employed members of such faiths available to certain additional individuals.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code and the Social Security Act to authorize refunds of social security taxes to members of religious faiths which oppose participation in that program. Provides a current exemption from social security taxes for employers and employees engaged in farming where both are members of such faiths. Broadens the existing exemption from the tax on self-employment income for members of such religious faiths to include those individuals who are conscientiously opposed to acceptance of the benefits of public retirement and disability plans only, and not to private plans.…