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- H.R.2205
H.R.2205: Retirement Security for Life Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced May 8, 2007
- Latest Major Action May 8, 2007
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
79 (30 Democrats, 50 Republicans)
Bill Summary
Retirement Security for Life Act of 2007 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2009.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
|
May 8, 2007 |
Introduced in the House by Stephanie Tubbs Jones (D-Ohio) |