HR 1618 · 113th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the dollar limitation on employer-provided group term life insurance that can be excluded from the gross income of the employee.

Introduced 2013-04-18· Sponsored by Rep. Burgess, Michael C. [R-TX-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2013-04-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $50,000 to $375,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $375,000 amount for inflation for taxable years beginning after 2013.…

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