HR 2996 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase to $150,000 the amount of group-term life insurance which may be provided by an employer and excluded from the gross income of an employee.

Introduced 1981-04-02· Sponsored by Rep. Minish, Joseph G. [D-NJ-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-04-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of employer-paid group-term life insurance premiums excluded from the gross income of employees.…

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

Cosponsors (1)

1 Republican
Rep. Porter, John Edward [R-IL-10]IL