Product Liability Insurance Tax Equity Act

Summary

Product Liability Insurance Tax Equity Act - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax exempt organizations. Allows taxpayers a business income tax deduction for contributions to such trusts only to the extent they exceed the reasonable costs of product liability insurance for the deducting taxpayer.

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Timeline

1. 24 June 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 24 June 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 June 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 · 24 June 1977

  Open at official source

Sponsors

• Rep. Whalen, Charles W., Jr. [R-OH-3] · R · Sponsor
• Rep. LeFante, Joseph A. [D-NJ-14] · D · Cosponsor
• Rep. Lent, Norman F. [R-NY-4] · R · Cosponsor
• Rep. Lloyd, Marilyn [D-TN-3] · D · Cosponsor
• Rep. Luken, Thomas A. [D-OH-1] · D · Cosponsor
• Rep. Mann, James R. [D-SC-4] · D · Cosponsor
• Rep. Mazzoli, Romano L. [D-KY-3] · D · Cosponsor
• Rep. Mollohan, Robert H. [D-WV-1] · D · Cosponsor
• Rep. Preyer, Richardson [D-NC-6] · D · Cosponsor
• Rep. Russo, Martin A. [D-IL-3] · D · Cosponsor
• Rep. Sarasin, Ronald A. [R-CT-5] · R · Cosponsor
• Rep. Traxler, Bob [D-MI-8] · D · Cosponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Cosponsor
• Rep. Walker, Robert S. [R-PA-16] · R · Cosponsor
• Rep. Walsh, William F. [R-NY-33] · R · Cosponsor
• Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Product Liability Insurance Tax Equity Act