HR 4150 · 110th Congress · Taxation

Lifetime Pension Annuity for You Act of 2007

Introduced 2007-11-09· Sponsored by Rep. Pomeroy, Earl [D-ND-At Large]· 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.(2007-11-09)

Plain Language Summary

[AI summary unavailable — showing source text] Lifetime Pension Annuity for You Act of 2007 - Amends the Internal Revenue Code to: (1) allow an exclusion from gross income for up to 50% of lifetime income payments from certain annuity contracts; (2) exclude longevity insurance benefits from employee benefit plan minimum distribution requirements; and (3) allow a tax exclusion for amounts received as an annuity under any portion of an annuity, endowment, or life insurance contract.…

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

Cosponsors (1)

1 Republican
Rep. Pryce, Deborah [R-OH-15]OH