HR 5998 · 93th Congress · Taxation

A bill to amend section 3101 of title 38, United States Code, to provide that proceeds of any policy of U.S. Government life insurance, national service life insurance, or servicemen's group life insurance shall not be included in the computation of the gross value of the insured's estate for Federal estate tax or State inheritance tax purposes.

Introduced 1973-03-21· Sponsored by Rep. Teague, Olin E. [D-TX-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-03-21)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that proceeds of any policy of United States Government Life Insurance, National Service Life Insurance, or Servicemen's Group Life Insurance shall not be included in the computation of the gross value of the insured's estate for Federal estate tax or State inheritance tax purposes. (Adds 38 U.S.C. 3101(d))…

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