Bill113th Congress
H.R. 1618
To amend the Internal Revenue Code of 1986 to increase the dollar limitation on employer-provided group term life insurance that can be excluded from the gross income of the employee.
Introduced
Apr 18, 2013
Origin Chamber
House
Policy Area
Taxation
Latest Action
Apr 18, 2013
Latest Action
Referred to the House Committee on Ways and Means.
Sponsor
Rep. Burgess, Michael C. [R-TX-26]
Republican·TX-26
Bioguide ID: B001248
First Name: Michael
Middle Name: C.
Last Name: Burgess
By Request: N
0
Cosponsors
1
Committees
3
Actions
0
Amendments
0
Related Bills
3
Subjects
1
Summaries
2
Titles
1
Text Versions
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,618
- Congress
- 113
- Introduced Date
- Apr 18, 2013
- Policy Area
- Taxation
- Is Law
- No
Apr 18, 2013IntroReferralH11100
Referred to the House Committee on Ways and Means.
Source: House floor actions
Apr 18, 2013IntroReferralIntro-H
Introduced in House
Source: Library of Congress
Apr 18, 2013IntroReferral1000
Introduced in House
Source: Library of Congress
Introduced in House· Apr 18, 20130
Amends the Internal Revenue Code to increase from $50,000 to $375,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $375,000 amount for inflation for taxable years beginning after 2013.
Ways and Means Committee
House· Standing
Employee benefits and pensionsIncome tax exclusionLife, casualty, property insurance
Introduced in House
Apr 18, 2013