Skip to main content
HR 4379 105th Congress House Taxation Budget surpluses Economics and Public Finance Federal budgets Government spending Government trust funds Old age, survivors and disability insurance Public debt Social Welfare Social security finance Social security taxes Tax credits

Budget Surplus Dividend Act of 1998

Introduced: July 31, 1998 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 1998
Referred to House Budget
Jul 31, 1998
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 31, 1998
Referred to House Ways and Means
Jul 31, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Budget Surplus Dividend Act of 1998 - Amends the Internal Revenue Code to allow, upon a specified determination of budgetary surplus, a credit equal to a certain percentage of a taxpayer's annual social security taxes. Provides for the use of budgetary surplus to reduce public debt and increase nondefense discretionary spending.

What's happening now July 31, 1998

Referred to House Budget

 Committees of jurisdiction 2