legislation: 95-s-3218

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
95-s-3218 95 s 3218 A bill to amend the Internal Revenue Code of 1954 to allow the tax-exempt status of the interest of certain life insurance accounts to flow-through to policyholders. Taxation 1978-06-22 1978-06-22 Referred to Senate Committee on Finance. Senate Sen. Bentsen, Lloyd M. [D-TX] TX D B000401 0 Amends the Internal Revenue Code to permit holders of life insurance policies to receive tax free income under annuity contracts funded by segregated exempt-interest accounts in which 50 percent of the assets of such accounts consists of tax-exempt State or local government securities. Disallows tax deductions for expenses and interest incurred by life insurance companies in the maintenance of such exempt-interest asset accounts. 2024-08-01T20:10:47Z https://www.congress.gov/bill/95th-congress/senate-bill/3218

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