No Tax on Restored Benefits Act
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.
HB7361, also known as the No Tax on Restored Benefits Act, aims to change federal tax laws. Specifically, it proposes to exclude from a person's taxable income any benefits they receive due to the Social Security Fairness Act of 2023. This means that these benefits would not be counted as income for tax purposes. The bill affects anyone who receives these Social Security benefits, ensuring they are not taxed on the amount they receive under this new law.
This bill was introduced on February 4, 2026, and has been referred to the House Committee on Ways and Means, which handles tax legislation. It is currently in its early stages and is being reviewed by the committee. This bill has bipartisan support, with sponsors from both the Democratic and Republican parties.
As of now, HB7361 is in its introductory phase. The next steps include committee review, possible amendments, and a vote in the House. Citizens interested in the bill's progress should watch for updates from their representatives and the House Committee on Ways and Means.
