A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on amounts received under certain insurance policies in which certain exempt organizations hold an interest.

referredUnited States· United States Congress· EN

Introduced

10 May 2005

Last action

10 May 2005 · Introduced

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to impose an excise tax on certain tax-exempt organizations or other nonexempt persons which acquire a direct or indirect interest in any life insurance, annuity, or endowment contract for 100 percent of the acquisition costs of such interest. Allows an exception from such tax for individuals with insurable interests, named beneficiaries, and trust beneficiaries. Requires tax-exempt organizations and other nonexempt persons which acquire a taxable interest in such insurance contracts to file certain informational returns.

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

Timeline

10 May 2005
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
10 May 2005
Introduced
Sponsor introductory remarks on measure. (CR S4877)
Source: IntroReferral
10 May 2005
Introduced
Introduced in Senate
Source: IntroReferral

Votes

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Versions

Introduced in Senate · 10 May 2005 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 10 May 2005
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Introduced in Senate (PDF)
Introduced in Senate · EN · 10 May 2005
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Introduced in Senate
summary · EN · 10 May 2005
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/109th-congress/senate-bill/993
Open data entity: https://api.congress.gov/v3/bill/109/s/993
us · 109-s-993 · source updated 10 February 2026