S 3464 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax liability for increases in social security taxes resulting from increases in social security tax rates, and the contribution and benefit base effective after December 31, 1978.

Introduced 1978-08-25· Sponsored by Sen. Stone, Richard (Dick) [D-FL]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-08-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow employers and employees an income tax credit for a portion of the social security taxes paid during the taxable year.…

Summarized by Claude AI · Non-partisan · For informational purposes only