HR 2205 · 110th Congress · Taxation

Retirement Security for Life Act of 2007

Introduced 2007-05-08· Sponsored by Rep. Jones, Stephanie Tubbs [D-OH-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2007-05-08)

Plain Language Summary

[AI summary unavailable — showing source text] Retirement Security for Life Act of 2007 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2009.…

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

Cosponsors (20)

7 Democrats13 Republicans
Rep. English, Phil [R-PA-3]PA
Rep. Gordon, Bart [D-TN-6]TN
Rep. Capito, Shelley Moore [R-WV-2]WV
Rep. Crowley, Joseph [D-NY-7]NY
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Lewis, Ron [R-KY-2]KY
Rep. Shays, Christopher [R-CT-4]CT
Rep. Terry, Lee [R-NE-2]NE
Rep. Ros-Lehtinen, Ileana [R-FL-18]FL
Rep. Andrews, Robert E. [D-NJ-1]NJ
Rep. Berkley, Shelley [D-NV-1]NV
Rep. Cole, Tom [R-OK-4]OK
Rep. Schwartz, Allyson Y. [D-PA-13]PA
Rep. Murphy, Christopher [D-CT-5]CT
Rep. Pryce, Deborah [R-OH-15]OH
Rep. Biggert, Judy [R-IL-13]IL
Rep. Brown-Waite, Ginny [R-FL-5]FL
Rep. Burton, Dan [R-IN-5]IN
Rep. Davis, Artur [D-AL-7]AL
Rep. Porter, Jon C. [R-NV-3]NV