[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1556 Introduced in Senate (IS)]

  1st Session
                                S. 1556

 To amend the Internal Revenue Code of 1986 to restore, increase, and 
  make permanent the exclusion from gross income for amounts received 
              under qualified group legal services plans.


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                   IN THE SENATE OF THE UNITED STATES

               August 1 (legislative day, July 21), 2003

    Mr. Smith (for himself, Mr. Breaux, Mr. Kerry, Mrs. Lincoln, Mr. 
 Rockefeller, and Ms. Snowe) introduced the following bill; which was 
          read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to restore, increase, and 
  make permanent the exclusion from gross income for amounts received 
              under qualified group legal services plans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Legal Services Benefit Act of 
2003''.

SEC. 2. EXCLUSION FOR AMOUNTS RECEIVED UNDER QUALIFIED GROUP LEGAL 
              SERVICES PLANS RESTORED, INCREASED, AND MADE PERMANENT.

    (a) Increase of Exclusion.--Subsection (a) of section 120 of the 
Internal Revenue Code of 1986 (relating to amounts received under 
qualified group legal services plans) is amended by striking the last 
sentence.
    (b) Restoration and Permanence of Exclusion.--Section 120 of the 
Internal Revenue Code of 1986 (relating to amounts received under 
qualified group legal services plans) is amended by striking subsection 
(e) and by redesignating subsection (f) as subsection (e).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2002.
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