HR 5729 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 relating to group-term life insurance purchased for employees.

Introduced 1977-03-29· Sponsored by Rep. Frenzel, Bill [R-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-03-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $50,000 to $100,000 the amount of group term life insurance which employers may purchase for employees without including it within the latter's taxable income.…

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