HR 1250
108th Congress
House
Taxation
Earnings
Finance and Financial Sector
Income tax
Insurance agents
Labor and Employment
Self-employed
Social Welfare
Social security taxes
Tax exclusion
Former Insurance Agents Tax Equity Act of 2003
Introduced: March 12, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2003
Referred to the House Committee on Ways and Means.
Mar 12, 2003
Sponsor introductory remarks on measure. (CR E445-446)
Mar 12, 2003
Introduced in House
Plain-English summary
Former Insurance Agents Tax Equity Act of 2003 - Amends the Internal Revenue Code and the Social Security Act with respect to the exemption from the self-employment tax for certain termination payments received by former insurance agents. Repeals the requirement that the amount of such a payment not depend to any extent on length of service or overall earnings from services performed for the former insurance company.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1