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 for 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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 January 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 January 1993

  Open at official source

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