A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax for amounts representing teachers' retirement annuities attributable to services performed in a State which has not elected Social Security coverage for its employees.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide an income tax credit for amounts representing teachers retirement annuities attributable to services performed in a State which has not elected social security coverage for its employees. Provides that such credit shall not exceed the maximum amount of benefits payable to a single individual under title II of the Social Security Act for a taxable year.…