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- H.R.1012
H.R.1012: Group Term Life Insurance Increase Act of 2017
About This Bill
- Introduced Feb. 13, 2017
- Latest Major Action Feb. 13, 2017
- See the seven similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Feb. 13, 2017
Bill Summary
Group Term Life Insurance Increase Act of 2017 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 |
|---|---|
| Feb. 13, 2017 |
Referred to the House Committee on Ways and Means.
|
| Feb. 13, 2017 |
Introduced in the House by Michael C. Burgess (R-Texas) |