To allow a deduction for the amount of the premiums paid on a life insurance contract the beneficiary of which is a trust established for the benefit of a disabled individual, and for other purposes.

Summary

Amends the Internal Revenue Code to permit an individual income tax deduction of premiums paid or incurred by the taxpayer for a life insurance contract having as its exclusive beneficiary the trust of disabled members of the taxpayer's family. Sets forth qualifying criteria for such contracts and for their beneficiary trusts.

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

Timeline

1. 18 October 1989

   Introduced

   Introduced in House

   Source: IntroReferral

2. 18 October 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 18 October 1989

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 October 1989

  Open at official source

Sponsors

• Rep. Morella, Constance A. [R-MD-8] · R · Sponsor
• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Cosponsor
• Rep. Collins, Cardiss [D-IL-7] · D · Cosponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Cosponsor
• Rep. Walsh, James T. [R-NY-27] · R · Cosponsor
• Rep. Horton, Frank J. [R-NY-34] · R · Cosponsor
• Rep. Mfume, Kweisi [D-MD-7] · D · Cosponsor
• Rep. Dwyer, Bernard J. [D-NJ-6] · D · Cosponsor
• Nancy Pelosi · D · Cosponsor
• Marcy Kaptur · D · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-25] · R · Cosponsor
• · hswm00 · Standing

Related records

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