Product Liability Insurance Tax Equity Act

Summary

Product Liability Insurance Tax Equity Act - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax exempt organizations. Allows taxpayers a business income tax deduction for contributions to such trusts only to the extent they exceed the reasonable costs of product liability insurance for the deducting taxpayer.

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Timeline

1. 13 March 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 13 March 1978

  Open at official source

Sponsors

• Rep. Whalen, Charles W., Jr. [R-OH-3] · R · Sponsor
• Rep. Brown, Garry E. [R-MI-3] · R · Cosponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Rep. Mathis, Dawson [D-GA-2] · D · Cosponsor
• Rep. Stockman, David A. [R-MI-4] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Product Liability Insurance Tax Equity Act