Group Term Life Insurance Increase Act of 2017

Summary

Group Term Life Insurance Increase Act of 201 7 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 the $50,000 limit to $375,000, and adjusts such increased limit for inflation in taxable years beginning after 2018.

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Timeline

1. 13 February 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 13 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 February 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 February 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 13 February 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Burgess, Michael C. [R-TX-26] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.
• related to ← Group Term Life Insurance Increase Act