United States · Bill · HR
H.R. 745 (100th)
A bill to amend the Internal Revenue Code of 1954 relating to group-term life insurance purchased for employees.
Introduced
27 January 1987
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to increase the amount of employer-paid group-term life insurance premiums which may be excluded from the gross income of employees to that amount required to purchase $150,000 of such insurance. (Previous law set a limit of the cost of $50,000 of such insurance.)
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 27 January 1987
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/house-bill/745
- Open data entity: https://api.congress.gov/v3/bill/100/hr/745