HR 99
104th Congress
House
Taxation
Commerce
Critically ill
Finance and Financial Sector
Health
Income tax
Insurance companies
Interest rates
Liens
Life insurance
Survivors' benefits
Tax exclusion
Valuation
To amend the Internal Revenue Code of 1986 to provide for the tax treatment of accelerated death benefits under life insurance contracts.
Introduced: January 4, 1995
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 4, 1995
Referred to the House Committee on Ways and Means.
Jan 4, 1995
Sponsor introductory remarks on measure. (CR E13)
Jan 4, 1995
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exclude from gross income as death benefits amounts received under a life insurance contract for certain terminally ill individuals.
Allows insurance companies to issue accelerated death benefit riders on life insurance contracts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1