To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the income portion of such payments at capital gains rates.

Summary

Amends the Internal Revenue Code to tax lifetime annuity payouts and similar payments of life insurance proceeds at dates later than death at capital gains rates. Excludes amounts received under an eligible deferred compensation plan or under a qualified retirement plan. Includes such gains in the calculation of the maximum rate of tax on net capital gains of noncorporate taxpayers when computing the alternative minimum tax.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 November 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 November 2001

   Introduced

   Sponsor introductory remarks on measure. (CR E2115-2116)

   Source: IntroReferral

3. 16 November 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 November 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 November 2001 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 November 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 November 2001

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 16 November 2001

  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. English, Phil [R-PA-3] · R · Sponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Sponsor
• Rep. Johnson, Nancy L. [R-CT-5] · R · Sponsor
• Rep. Paul, Ron [R-TX-14] · R · Cosponsor
• Rep. Johnson, Timothy V. [R-IL-15] · R · Cosponsor
• Rep. Owens, Major R. [D-NY-11] · D · Cosponsor
• Rep. Frost, Martin [D-TX-24] · D · Cosponsor
• Rep. Ehrlich, Robert L., Jr. [R-MD-2] · R · Cosponsor
• Rep. Simmons, Rob [R-CT-2] · R · Cosponsor
• Rep. Boehner, John A. [R-OH-8] · R · Cosponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Cosponsor
• Rep. Lucas, Ken [D-KY-4] · D · Cosponsor
• Rep. Wu, David [D-OR-1] · D · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. Hoeffel, Joseph M. [D-PA-13] · D · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · I · Cosponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Cosponsor
• Rep. Buyer, Steve [R-IN-4] · R · Cosponsor
• Rep. Schaffer, Bob [R-CO-4] · R · Cosponsor
• Rep. LaHood, Ray [R-IL-18] · R · Cosponsor
• Rep. Jenkins, William L. [R-TN-1] · R · Cosponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Cosponsor
• Rep. Tancredo, Thomas G. [R-CO-6] · R · Cosponsor
• Rep. Cantor, Eric [R-VA-7] · R · Cosponsor
• Rep. Crane, Philip M. [R-IL-8] · R · Cosponsor
• Rep. Knollenberg, Joe [R-MI-9] · R · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• Rep. Calvert, Ken [R-CA-41] · R · Cosponsor
• Rep. Camp, Dave [R-MI-4] · R · Cosponsor
• Rep. Dunn, Jennifer [R-WA-8] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Cosponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Cosponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Cosponsor
• Rep. Nethercutt, George R., Jr. [R-WA-5] · R · Cosponsor
• Rep. McHugh, John M. [R-NY-23] · R · Cosponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Cosponsor
• Rep. Gilchrest, Wayne T. [R-MD-1] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Nussle, Jim [R-IA-2] · R · Cosponsor
• Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
• Rep. Latham, Tom [R-IA-3] · R · Cosponsor
• Rep. Goodlatte, Bob [R-VA-6] · R · Cosponsor
• Rep. Houghton, Amo [R-NY-31] · R · Cosponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Cosponsor
• Rep. Weldon, Curt [R-PA-7] · R · Cosponsor

Showing 48 of 50 sponsors and actors.

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