United States · Bill · HR
H.R. 2935 (96th)
Product Liability Insurance Tax Equity Act of 1979
Introduced
14 March 1979
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Product Liability Insurance Tax Equity Act of 1979 - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax-exempt organizations. Allows an income tax deduction for contributions to such trusts only to the extent they exceed the reasonable costs to the taxpayer for product liability insurance protection for the year.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 14 March 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/2935
- Open data entity: https://api.congress.gov/v3/bill/96/hr/2935