United States · Bill · HR
H.R. 2341 (96th)
Product and Professional Design Liability Insurance Tax Equity Act of 1979
Introduced
22 February 1979
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Product and Professional Design Liability Insurance Tax Equity Act of 1979 - Amends the Internal Revenue Code to exempt from the income tax, trusts established for the payment of product liability claims, professional design liability claims, and related expenses. Allows a tax deduction for contributions to such trusts only to the extent they do not exceed the reasonable costs of product and professional liability insurance for the deducting taxpayer.
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 22 February 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/2341
- Open data entity: https://api.congress.gov/v3/bill/96/hr/2341