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- H.R.2771
H.R.2771: Group Term Life Insurance Increase Act of 2015
About This Bill
- Introduced June 15, 2015
- Latest Major Action June 15, 2015
- See the eight similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Group Term Life Insurance Increase Act of 2015 This bill amends the Internal Revenue Code to increase the limit on the amount of employer-provided group term life insurance that an employee may exclude from his or her gross income for income tax purposes. Currently, an employee may exclude from gross income up to $50,000 of the cost of such insurance plus any amount paid by the employee for the purchase of such insurance. The bill increases...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 15, 2015 |
Referred to the House Committee on Ways and Means.
|
June 15, 2015 |
Introduced in the House by Michael C. Burgess (R-Texas) |