HR 3488
101th Congress
House
Taxation
Disabled
Families
Income tax
Insurance premiums
Life insurance
Support of dependents
Tax deductions
Trusts and trustees
To allow a deduction for the amount of the premiums paid on a life insurance contract the beneficiary of which is a trust established for the benefit of a disabled individual, and for other purposes.
Introduced: October 18, 1989
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 18, 1989
Referred to the House Committee on Ways and Means.
Oct 18, 1989
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to permit an individual income tax deduction of premiums paid or incurred by the taxpayer for a life insurance contract having as its exclusive beneficiary the trust of disabled members of the taxpayer's family. Sets forth qualifying criteria for such contracts and for their beneficiary trusts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1