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- H.R.2614
H.R.2614: Group Term Life Insurance Increase Act
About This Bill
- Introduced May 9, 2019
- Latest Major Action May 9, 2019
- See the eight similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - May 9, 2019
Bill Summary
Group Term Life Insurance Increase Act This bill increases the limit on the amount of employer-provided group term life insurance that an employee may exclude from 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 the $50,000 limit to $375,000, and adjusts such...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
May 9, 2019 |
Referred to the House Committee on Ways and Means.
|
May 9, 2019 |
Introduced in the House by Michael C. Burgess (R-Texas) |