HR 2748
111th Congress
House
Taxation
Employee benefits and pensions
Income tax exclusion
Life, casualty, property insurance
Retirement Security Needs Lifetime Pay Act of 2009
Introduced: June 8, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2009
Referred to the House Committee on Ways and Means.
Jun 8, 2009
Introduced in House
Plain-English summary
Retirement Security Needs Lifetime Pay Act of 2009 - Amends the Internal Revenue Code to: (1) allow an exclusion from gross income for 50% of lifetime income payments from certain annuity contracts, up to $10,000; (2) exclude longevity insurance benefits from employee benefit plan minimum distribution requirements; and (3) allow a tax exclusion for amounts received as an annuity under any portion of an annuity, endowment, or life insurance contract.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1