Section 1 Short title
This Act may be cited as the “No Tax on Restored Benefits Act”.
No Tax on Restored Benefits Act
A BILL
To amend the Internal Revenue Code of 1986 to exclude from gross income certain benefits received by reason of the Social Security Fairness Act of 2023.
Sec. 2 Gross income exclusion of certain social security benefits
Section 86(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(6) Special rule for certain benefits attributable to Social Security Fairness Act of 2023—The term “social security benefit” shall not include so much of any payment to an individual of a monthly insurance benefit under title II of the Social Security Act as—
“(A) is attributable to the amendments made to such title by the Social Security Fairness Act of 2023, and
“(B) is related to such benefits paid to the individual for months beginning after December 31, 2024, and ending before January 1, 2026.”