HR 12888 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that the pension plan reserves of a life insurance company shall include amounts allocable to certain trusts forming part of a pension, profit-sharing, or stock bonus plan all of the participants of which are residents of Guam.

Introduced 1978-05-25· Sponsored by Del. Won Pat, Antonio B. [D-GU-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit residents of Guam to invest private retirement funds in tax-exempt pension, profit-sharing, or stock bonus plans.…

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