A bill to amend the Internal Revenue Code of 1954 to make clear the tax treatment intended for guaranteed renewable life, health, and accident insurance contracts in the case of life insurance companies.

referredUnited States· United States Congress· EN

Introduced

24 April 1974

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Defines, for purposes of gain and loss from operations deductions under the Internal Revenue Code, the term "nonparticipating contracts" to include guaranteed renewable life, health and and accident insurance contracts (other than group contracts) which are issued or renewed for periods of five years or more. (Amends 26 U.S.C. 809 (d)(5))

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Documents

1 official file

Introduced in House
summary · EN · 24 April 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/14351
Open data entity: https://api.congress.gov/v3/bill/93/hr/14351