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HR 2951 109th Congress House

Lifetime Pension Annuity for You Act of 2005

Official title: To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments by excluding from income a portion of such payments.

Introduced: September 15, 2005 See on congress.gov
Taxation AnnuitiesCost of living adjustmentsEconomics and Public FinanceFinance and Financial Sector
More subjectsShow fewer subjects
Income taxIndexing (Economic policy)Labor and EmploymentLife insuranceTax exclusionTax-deferred compensation plans
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2005
Referred to the House Committee on Ways and Means.
Jun 16, 2005
Introduced in House
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 Latest action June 16, 2005

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Lifetime Pension Annuity for You Act of 2005 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as lifetime income payments from certain annuity contracts. Limits the amount of such exclusion to $5,000 in any taxable year. Provides for an inflation adjustment of the $5,000 limitation beginning in 2007.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Costa, Jim
California · Sep 15, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2951: Lifetime Pension Annuity for You Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-2951/
MLA
"H.R. 2951: Lifetime Pension Annuity for You Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-2951/.
Bluebook (legal)
H.R. 2951, 109th Cong. (2026), https://openamerica.io/bill/109-HR-2951/.
Markdown link
[H.R. 2951: Lifetime Pension Annuity for You Act of 2005](https://openamerica.io/bill/109-HR-2951/)
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