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.

3.0.0 1618 2022-11-15T16:35:12Z 2022-11-15T16:35:12Z House H HR 2013-04-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BURGESS:H.R. 1618.Congress has the power to enact this legislation pursuantto the following:The attached bill is constitutional under Article I,Section VIII: ``The Congress shall have Power To lay andcollect Taxes''.[Page H2159]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-04-18T14:02:10Z 2013-04-18 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-04-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-04-18 Introduced in House IntroReferral 1000 9 Library of Congress B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 N Taxation Employee benefits and pensions Income tax exclusion Life, casualty, property insurance Taxation

00 2013-04-18 Introduced in House 2013-04-30T21:04:19Z 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.

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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. Display Title 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. Official Title as Introduced 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 in House 2013-04-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1618ih/xml/BILLS-113hr1618ih.xml 2013-04-18 Referred to the House Committee on Ways and Means. 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.