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United States · Bill · S

S. 381 (109th)

Retirement Security for Life Act of 2005

referredUnited States· United States Congress· EN

Introduced

15 February 2005

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1423-1424)

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Retirement Security for Life Act of 2005 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2007.

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Documents

3 official files

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Sources

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