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United States · Bill · HR

H.R. 5004 (97th)

A bill to amend the Internal Revenue Code of 1954 to clarify the tax treatment of variable annuity contracts.

referredUnited States· United States Congress· EN

Introduced

17 November 1981

Last action

17 November 1981 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Gephardt, Richard A. [D-MO-3], Rep. Bafalis, L. A. (Skip) [R-FL-10], Rep. Ford, Harold E. [D-TN-9], Rep. Guarini, Frank J. [D-NJ-14], Rep. Gradison, Willis D., Jr. [R-OH-2], Rep. McEwen, Bob [R-OH-6], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Hall, Tony P. [D-OH-3], Rep. Holland, Kenneth L. [D-SC-5], Rep. Conable, Barber B., Jr. [R-NY-30], Rep. Schulze, Richard T. [R-PA-5], Rep. Frenzel, Bill [R-MN-3], Rep. Tauke, Thomas Joseph [R-IA-2], Rep. Bailey, Donald A. [D-PA-21], Rep. McDade, Joseph M. [R-PA-10], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Whitehurst, G. William [R-VA-2], Rep. Butler, M. Caldwell [R-VA-6], Rep. Weber, Ed [R-OH-9], Rep. Holt, Marjorie S. [R-MD-4], Rep. Martin, Lynn M. [R-IL-16], Rep. Miller, Clarence E. [R-OH-10], Rep. Shamansky, Bob [D-OH-12], Rep. Erdahl, Arlen [R-MN-1], Rep. Matsui, Robert T. [D-CA-5], Rep. Williams, Lyle [R-OH-17], Rep. Byron, Beverly B. [D-MD-6], Rep. McHugh, Matthew F. [D-NY-28], Rep. Evans, David W. [D-IN-6], Rep. Andrews, Ike [D-NC-4], Rep. Bowen, David R. [D-MS-2], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Daniel, Robert W., Jr. [R-VA-4], Rep. Dyson, Roy [D-MD-1], Rep. Cheney, Dick [R-WY-At Large], Rep. Roberts, Clint [R-SD-2], Rep. Dowdy, Wayne [D-MS-4], Rep. McKinney, Stewart B. [R-CT-4], Del. de Lugo, Ron [D-VI-At Large], Rep. Morrison, Sid [R-WA-4], Rep. Coyne, James K. [R-PA-8], Rep. Kindness, Thomas N. [R-OH-8], Rep. Vander Jagt, Guy [R-MI-9], Rep. Gingrich, Newt [R-GA-6]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to revise requirements for the tax deferral of amounts received under variable annuity contracts. Permits the use of an independent investment manager of such annuities. Allows the like-kind exchange of one annuity contract for another. Provides that the tax treatment of any payment made by a contract holder on or before September 25, 1981, shall be determined without regard to Revenue Ruling 81-225 (disallowing tax deferral of amounts received under certain variable annuity contracts).

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

Timeline

  1. 17 November 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 17 November 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 17 November 1981

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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