A bill to amend section 815 of the Internal Revenue Code of 1954.

Summary

Provides, under the Internal Revenue Code, that no amount shall be subtracted from a taxpayer's life insurance policyholders surplus account with respect to a distribution made during the last month of the taxable year which would be treated in whole or in part as a distribution out of the policyholders surplus account, to the extent that amounts so distributed are returned to the taxpayer not later than the time prescribed by law (including extensions) for filing the taxpayer's return for the taxable year in which the distribution was made.

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

Timeline

1. 20 November 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 20 November 1975

   Introduced

   Introduced in Senate

   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 Senate

  summary · EN · 20 November 1975

  Open at official source

Sponsors

• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Talmadge, Herman E. [D-GA] · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.