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- H.R.51
H.R.51: To amend the Internal Revenue Code of 1986 to increase the dollar limitation on employer-provided group term life insurance that can be excluded from the gross income of the employee.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 2005
- Latest Major Action Jan. 4, 2005
- See the eight similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to increase from $50,000 to $300,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $300,000 amount for inflation for taxable years beginning after 2005.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Jan. 4, 2005 |
Introduced in the House by Michael C. Burgess (R-Texas) |