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- H.R.1618
H.R.1618: 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
- Introduced April 18, 2013
- Latest Major Action April 18, 2013
- See the eight similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to increase from $50,000 to $375,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $375,000 amount for inflation for taxable years beginning after 2013.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 18, 2013 |
Referred to the House Committee on Ways and Means.
|
April 18, 2013 |
Introduced in the House by Michael C. Burgess (R-Texas) |