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HR 2458 108th Congress House

Secure Annuity Income for Life Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to exclude from gross income a percentage of lifetime annuity payments, and for other purposes.

Introduced: July 17, 2003 See on congress.gov
Taxation AnnuitiesGovernment Operations and PoliticsGovernment paperworkIncome tax
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Individual retirement accountsLabor and EmploymentPension fundsTax exclusionTax-deferred compensation plans
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
Jun 13, 2003
Sponsor introductory remarks on measure. (CR E1246-1247)
Jun 12, 2003
Referred to the House Committee on Ways and Means.
Jun 12, 2003
Introduced in House
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 Latest action June 13, 2003

Sponsor introductory remarks on measure. (CR E1246-1247)

 Plain-English summary Congressional Research Service

Secure Annuity Income for Life Act of 2003 - Amends the Internal Revenue Code to exclude from gross income a percentage of lifetime annuity payments from a qualified trust to a qualified distributee. Provides for recapture and taxation of payments that are modified (other than by death or disability) so as to not qualify as lifetime annuity payments.

Applies such exclusion to: (1) section 403(a) plans (employee annuities); (2) section 403(b) plans (public schools and certain tax exempt organizations); (3) section 408 plans (individual retirement accounts); and (4) section 457 plans (deferred compensation plans for State and local governments and tax-exempt organizations).

Defines: (1) "lifetime annuity payment"; and (2) "qualified distributee."

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 1
R
Cole, Tom
Oklahoma · Jul 17, 2003
FROST, MARTIN
· Jun 17, 2003
Isakson, Johnny
· Jun 12, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2458: Secure Annuity Income for Life Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2458/
MLA
"H.R. 2458: Secure Annuity Income for Life Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2458/.
Bluebook (legal)
H.R. 2458, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2458/.
Markdown link
[H.R. 2458: Secure Annuity Income for Life Act of 2003](https://openamerica.io/bill/108-HR-2458/)
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