A bill to amend the Internal Revenue Code of 1954 to exclude from the gross estate the amount of any life insurance on the decedent which is payable to a beneficiary other than the decedent's estate to the extent that such insurance is attributable to premiums paid by the beneficiary.

Summary

Amends the Internal Revenue Code to exclude from the estate tax, life insurance benefits to the extent that the beneficiary paid the premiums on the policy. Treats premiums paid by the decedent as paid by the beneficiary where the beneficiary is the surviving spouse.

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

Timeline

1. 4 January 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 1977

   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

• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

Sponsors

• Rep. Brinkley, Jack [D-GA-3] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.