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Senate Bill 157
115th Congress(2017-2018)
Seniors' Tax Simplification Act of 2017
Introduced
Introduced
Introduced in Senate on Jan 17, 2017
Overview
Text
Introduced in Senate 
Jan 17, 2017
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Introduced in Senate(Jan 17, 2017)
Jan 17, 2017
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 157 (Introduced-in-Senate)


115th CONGRESS
1st Session
S. 157


To allow seniors to file their Federal income tax on a new Form 1040SR.

IN THE SENATE OF THE UNITED STATES

January 17, 2017

Mr. Rubio (for himself, Mr. Nelson, and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To allow seniors to file their Federal income tax on a new Form 1040SR.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Seniors’ Tax Simplification Act of 2017”.

SEC. 2. Form 1040SR for seniors.

(a) In general.—The Secretary of the Treasury (or the Secretary’s delegate) shall make available a form, to be known as “Form 1040SR”, for use by individuals to file the return of tax imposed by chapter 1 of the Internal Revenue Code of 1986. Such form shall be as similar as practicable to Form 1040EZ, except that—

(1) the form shall be available to individuals who have attained age 65 as of the close of the taxable year,

(2) the form may be used even if income for the taxable year includes—

(A) social security benefits (as defined in section 86(d) of the Internal Revenue Code of 1986),

(B) distributions from qualified retirement plans (as defined in section 4974(c) of such Code), annuities or other such deferred payment arrangements,

(C) interest and dividends, or

(D) capital gains and losses taken into account in determining adjusted net capital gain (as defined in section 1(h)(3) of such Code), and

(3) the form shall be available without regard to the amount of any item of taxable income or the total amount of taxable income for the taxable year.

(b) Effective date.—The form required by subsection (a) shall be made available for taxable years beginning after the date of the enactment of this Act.