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- H.R.99
H.R.99: To amend the Internal Revenue Code of 1986 to provide for the tax treatment of accelerated death benefits under life insurance contracts.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 1995
- Latest Major Action Jan. 4, 1995
Bill Sponsor
Bill Cosponsors
43 (35 Democrats, 8 Republicans)
Bill Summary
Amends the Internal Revenue Code to exclude from gross income as death benefits amounts received under a life insurance contract for certain terminally ill individuals. Allows insurance companies to issue accelerated death benefit riders on life insurance contracts.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Jan. 4, 1995 |
Introduced in the House by Barbara B. Kennelly (D-Conn.) |