HR 12400 · 94th Congress · Taxation

A bill to amend section 3101 of title 38, United States Code, to prevent consideration of proceeds of, or transfer of proceeds of, U.S. Government Life Insurance, and National Service Life Insurance for Federal estate tax purposes.

Introduced 1976-03-09· 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 Veterans' Affairs.(1976-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Exempts from the calculation of the gross value of an estate for Federal estate tax purposes the proceeds of any policy of United States Government Life and National Service Life Insurance.…

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