HR 1652 · 105th Congress · Taxation

To amend the Internal Revenue Code of 1986 to clarify the exemption from the self-employment tax for termination payments received by former life insurance salesmen.

Introduced 1997-05-16· Sponsored by Rep. Weller, Jerry [R-IL-11]· 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.(1997-05-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code and the Social Security Act to exempt from consideration as self-employed income under such Acts specified termination payments received by former life insurance salespeople.…

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