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HR 3320 107th Congress House Taxation Annuities Capital gains tax Finance and Financial Sector Income tax Labor and Employment Life insurance Minimum tax Personal income tax Tax rates

To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the…

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To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the income portion of such payments at capital gains rates.

Introduced: November 16, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2001
Referred to the House Committee on Ways and Means.
Nov 16, 2001
Sponsor introductory remarks on measure. (CR E2115-2116)
Nov 16, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to tax lifetime annuity payouts and similar payments of life insurance proceeds at dates later than death at capital gains rates.

Excludes amounts received under an eligible deferred compensation plan or under a qualified retirement plan.

Includes such gains in the calculation of the maximum rate of tax on net capital gains of noncorporate taxpayers when computing the alternative minimum tax.

What's happening now November 16, 2001

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Wilson, Joe
South Carolina · Jun 26, 2002
 R
Calvert, Ken
California · Jun 20, 2002
 R
Sessions, Pete
Texas · May 8, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3320: To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the income portion of such payments at capital gains rates.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3320/
MLA
"H.R. 3320: To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the income portion of such payments at capital gains rates.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3320/.
Bluebook (legal)
H.R. 3320, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3320/.
Markdown link
[H.R. 3320: To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the income portion of such payments at capital gains rates.](https://openamerica.io/bill/107-HR-3320/)
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