A bill to amend the Internal Revenue Code of 1954 to exclude $9,000 of income from the gross income of each individual who has attained age 65, and to reaffirm the fact that benefits payable under title II of the Social Security Act are exempt from Federal taxation.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals age 65 or over a $9,000 ($18,000 for married couples filing jointly) exclusion from gross income for any income received. Amends title II of the Social Security Act (Old Age, Survivors and Disability Benefits) to provide that no benefits paid under that title shall be subject to any Federal tax.…