A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts paid under life insurance contracts on account of illness or disability.

referredUnited States· United States Congress· EN

Introduced

26 July 1988

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to treat as tax-excludible compensation for injuries or sickness any amounts received as health care benefits under a life insurance contract that are used in connection with: (1) a physical or mental condition requiring hospitalization for 150 days or longer; or (2) long-term or terminal physical or mental impairment of the taxpayer.

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Documents

1 official file

Introduced in House
summary · EN · 26 July 1988
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/5095
Open data entity: https://api.congress.gov/v3/bill/100/hr/5095