HR 1929
109th Congress
House
Taxation
Earnings
Income tax
Labor and Employment
Old age, survivors and disability insurance
Self-employed
Social Welfare
Social security taxes
To amend the Internal Revenue Code of 1986 to update the optional methods for computing net earnings from self-employment.
Introduced: April 27, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2005
Referred to the House Committee on Ways and Means.
Apr 27, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to revise the optional method of computing the net earnings of self-employed individuals for purposes of determining social security benefit eligibility. Replaces the numerical formula for determining benefit eligibility with an indexed calculation based on a lower limit (the amount required under the Social Security Act for a quarter of coverage) and an upper limit (150 percent of the lower limit).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1