US SB458

Repeals Section 86 of the Internal Revenue Code of 1986, eliminating federal income tax on Social Security benefits for all taxable years after enactment

Appropriates Treasury funds to reimburse Social Security and Railroad Retirement trust funds for any revenue losses caused by the repeal

Includes a non-binding sense of Congress statement that tax increases should not be used to offset the revenue loss from this legislation

Introduced February 6, 2025 by Senators Tuberville and Sheehy; referred to the Senate Finance Committee