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United States · Bill · HR

H.R. 3734 (101st)

To amend the Internal Revenue Code of 1986 with respect to the tax treatment of payments under life insurance contracts to terminally ill individuals.

referredUnited States· United States Congress· EN

Introduced

19 November 1989

Last action

19 November 1989 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Kennelly, Barbara B. [D-CT-1], Rep. Guarini, Frank J. [D-NJ-14], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Payne, Donald M. [D-NJ-10], Rep. Fascell, Dante B. [D-FL-19], Rep. Roe, Robert A. [D-NJ-8], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Collins, Cardiss [D-IL-7], Rep. Courter, Jim [R-NJ-12], Rep. Ford, Harold E. [D-TN-9], Rep. Luken, Thomas A. [D-OH-1], Rep. Ackerman, Gary L. [D-NY-5], Rep. Costello, Jerry F. [D-IL-12], Rep. Smith, Peter [R-VT-At Large], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Kolter, Joseph P. [D-PA-4], Rep. Pelosi, Nancy [D-CA-11], Rep. Rangel, Charles B. [D-NY-15], Rep. Towns, Edolphus [D-NY-10], Rep. Wheat, Alan [D-MO-5], Rep. Johnson, Nancy L. [R-CT-5], Rep. Morrison, Bruce A. [D-CT-3], Rep. Borski, Robert A. [D-PA-3], Rep. Sundquist, Don [R-TN-7], Rep. Smith, Lawrence [D-FL-16], Rep. Lowey, Nita M. [D-NY-17], Rep. Condit, Gary A. [D-CA-18], Rep. Penny, Timothy J. [D-MN-1], Rep. Lipinski, William O. [D-IL-3], Rep. Atkins, Chester G. [D-MA-5], Rep. Poshard, Glenn [D-IL-22], Rep. Rowland, John G. [R-CT-5], Rep. Lewis, John [D-GA-5], Rep. Saxton, Jim [R-NJ-3], Rep. Byron, Beverly B. [D-MD-6], Rep. Hertel, Dennis M. [D-MI-14], Rep. Hochbrueckner, George J. [D-NY-1], Rep. Gejdenson, Sam [D-CT-2], Rep. Evans, Lane [D-IL-17], Rep. Schroeder, Patricia [D-CO-1], Rep. Bentley, Helen Delich [R-MD-2], Rep. Lantos, Tom [D-CA-12], Rep. Emerson, Bill [R-MO-8], Rep. Owens, Major R. [D-NY-11], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Ray, Richard B. [D-GA-3], Rep. Fazio, Vic [D-CA-3], Rep. Bereuter, Doug [R-NE-1]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to provide that payment under a life insurance contract to an insured who is terminally ill be treated as a death benefit, making such payment eligible for tax exclusion from gross income. Provides that any reference to life insurance shall be treated as referring to a qualified terminal illness rider. Provides for the tax treatment of such riders. Describes such a rider as one which provides for payments to an insured upon the insured's becoming terminally ill.

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

Timeline

  1. 19 November 1989

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 19 November 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 November 1989

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 19 November 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

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Related records

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Sources

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