S 1498 · 96th Congress · Social Welfare

A bill to amend title II of the Social Security Act to provide an alternative retirement test for certain individuals receiving self-employment income substantially attributable to their activities in a preceding taxable year.

Introduced 1979-07-12· Sponsored by Sen. Matsunaga, Spark M. [D-HI]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-07-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that when determining an individual's net earnings from self-employment, for the purpose of computing an individual's benefit amount, if at least 50 percent of the total self-employment income was earned in a year prior to the year in which benefits are being paid, then that amount shall not be considered as net earnings from self-employment.…

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