S 3082 · 96th 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 1980-09-04· Sponsored by Sen. Tower, John G. [R-TX]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-09-04)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that annuity contracts with reserves based on a segregated asset account shall be treated, for tax purposes, in accordance with rules in effect before the issuance of Revenue Ruling 77-85.…

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