H.R. 952 (103rd): To amend the Internal Revenue Code of 1986 to adjust the $50 threshold for payment of social ...

...security taxes on wages paid for domestic service in a private home for inflation since the $50 threshold was established, and for other purpose

103rd Congress, 1993–1994. Text as of Feb 17, 1993 (Introduced).

Status & Summary | PDF | Source: GPO

HR 952 IH

103d CONGRESS

1st Session

H. R. 952

To amend the Internal Revenue Code of 1986 to adjust the $50 threshold for payment of social security taxes on wages paid for domestic service in a private home for inflation since the $50 threshold was established, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

February 17, 1993

Mr. SARPALIUS introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to adjust the $50 threshold for payment of social security taxes on wages paid for domestic service in a private home for inflation since the $50 threshold was established, and for other purposes.

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

SECTION 1. INFLATION ADJUSTMENT OF $50 THRESHOLD FOR PAYMENT OF SOCIAL SECURITY TAXES ON WAGES PAID FOR DOMESTIC SERVICE IN A PRIVATE HOME.

    (a) AMENDMENTS OF INTERNAL REVENUE CODE-

      (1) IN GENERAL- Subparagraph (B) of section 3121(a)(7) of the Internal Revenue Code of 1986 is amended by striking ‘$50’ and inserting ‘the applicable dollar threshold under subsection (y) for such quarter’.

      (2) DOLLAR THRESHOLD- Section 3121 of such Code is amended by adding at the end thereof the following new subsection:

    ‘(y) DOLLAR THRESHOLD FOR DOMESTIC SERVICE IN A PRIVATE HOME-

      ‘(1) IN GENERAL- The dollar threshold applicable under subsection (a)(7)(B) for any calendar quarter is $245.

      ‘(2) ADJUSTMENT FOR INFLATION- In the case of any calendar quarter beginning after 1993, the dollar amount contained in paragraph (1) shall be increased by an amount equal to--

        ‘(A) such dollar amount, multiplied by

        ‘(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which such quarter begins by substituting ‘calendar year 1992’ for ‘calendar year 1989’ in subparagraph (B) thereof.’

      (3) CONFORMING AMENDMENT- The second sentence of section 3102(a) of such Code is amended by striking ‘$50’ and inserting ‘the applicable dollar threshold under section 3121(y) for such quarter’.

    (b) AMENDMENT OF SOCIAL SECURITY ACT- Subparagraph (B) of section 209(a)(6) of the Social Security Act is amended by striking ‘$50’ and inserting ‘the applicable dollar threshold under section 3121(y) of the Internal Revenue Code of 1986 for such quarter’.

    (c) EFFECTIVE DATE- The amendments made by this section shall apply to calendar quarters beginning after the date of the enactment of this Act.