3.0.0 2458 2023-01-15T16:18:30Z 2023-01-15T16:18:30Z House H HR 2003-06-12 108 hswm00 Ways and Means Committee House Standing Referred to 2003-06-12T14:00:25Z 2003-06-13 Sponsor introductory remarks on measure. (CR E1246-1247) IntroReferral B00100 9 Library of Congress 2003-06-12 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2003-06-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-06-12 Introduced in House IntroReferral 1000 9 Library of Congress P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND N I000055 Rep. Isakson, Johnny [R-GA-6] Johnny Isakson R GA 6 2003-06-12 True E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2003-06-12 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2003-06-12 True F000392 Rep. Frost, Martin [D-TX-24] MARTIN FROST D TX 24 2003-06-17 False J000163 Rep. Johnson, Nancy L. [R-CT-5] NANCY JOHNSON R CT L. 5 2003-06-19 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2003-07-17 False Taxation Annuities Government Operations and Politics Government paperwork Income tax Individual retirement accounts Labor and Employment Pension funds Tax exclusion Tax-deferred compensation plans Taxation 00 2003-06-12 Introduced in House 2003-08-27T19:56:43Z Secure Annuity Income for Life Act of 2003 - Amends the Internal Revenue Code to exclude from gross income a percentage of lifetime annuity payments from a qualified trust to a qualified distributee. Provides for recapture and taxation of payments that are modified (other than by death or disability) so as to not qualify as lifetime annuity payments.

Applies such exclusion to: (1) section 403(a) plans (employee annuities); (2) section 403(b) plans (public schools and certain tax exempt organizations); (3) section 408 plans (individual retirement accounts); and (4) section 457 plans (deferred compensation plans for State and local governments and tax-exempt organizations).

Defines: (1) "lifetime annuity payment"; and (2) "qualified distributee."

]]> Secure Annuity Income for Life Act of 2003 Display Title Secure Annuity Income for Life Act of 2003 Official Title as Introduced To amend the Internal Revenue Code of 1986 to exclude from gross income a percentage of lifetime annuity payments, and for other purposes. Introduced in House IH Short Titles as Introduced Secure Annuity Income for Life Act of 2003 Introduced in House 2003-06-12T04:00:00Z 2003-06-13 Sponsor introductory remarks on measure. (CR E1246-1247) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.