HR 2562 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 with respect to the taxation of employees' annuities in cases where employee contributions are recoverable in 1 year.

Introduced 1989-06-06· Sponsored by Rep. Russo, Martin A. [D-IL-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-06-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide a tax exclusion for annuities under endowment or life insurance contracts where the employee contributions are recoverable during the first year of annuity payments.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Annunzio, Frank [D-IL-11]IL