HR 11647 · 95th Congress · Taxation

A bill to reinstate the tax treatment with respect to annuity contracts with reserves based on a segregated asset account as they existed prior to issuance of Revenue Ruling 77-85.

Introduced 1978-03-20· Sponsored by Rep. Edwards, Jack [R-AL-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-03-20)

Plain Language Summary

[AI summary unavailable — showing source text] Reverses Revenue Ruling 77-85 in order to restore the tax treatment formerly extended policy holders receiving dividends and interest on custodial account annuity contracts and the insurance companies maintaining the assets.…

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