HR 99 · 104th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide for the tax treatment of accelerated death benefits under life insurance contracts.

Introduced 1995-01-04· Sponsored by Rep. Kennelly, Barbara B. [D-CT-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1995-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income as death benefits amounts received under a life insurance contract for certain terminally ill individuals. Allows insurance companies to issue accelerated death benefit riders on life insurance contracts.…

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

Cosponsors (20)

18 Democrats2 Republicans
Rep. Frank, Barney [D-MA-4]MA
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. McDermott, Jim [D-WA-7]WA
Rep. Cardin, Benjamin L. [D-MD-3]MD
Rep. Goss, Porter J. [R-FL-14]FL
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Deutsch, Peter [D-FL-20]FL
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Serrano, Jose E. [D-NY-16]NY
Rep. Owens, Major R. [D-NY-11]NY
Del. Faleomavaega, Eni F. H. [D-AS-At Large]AS
Rep. Lowey, Nita M. [D-NY-18]NY
Rep. Miller, George [D-CA-7]CA
Rep. Smith, Christopher H. [R-NJ-4]NJ
Rep. Studds, Gerry E. [D-MA-10]MA
Rep. Dellums, Ronald V. [D-CA-9]CA
Rep. Lipinski, William O. [D-IL-3]IL
Rep. Farr, Sam [D-CA-17]CA
Rep. McCarthy, Karen [D-MO-5]MO
Rep. Velazquez, Nydia M. [D-NY-12]NY