Taxpayer Savings and Employee Notification Act of 2003

Fact Sheet API

Bill Number

HR 2127

Introduced

May 15, 2003

Latest Action

Referred to the Subcommittee on Employer-Employee Relations.

Sponsor

Cosponsors

Topics

Business insurance Commerce Contracts Corporation taxes Economics and Public Finance Employee rights Finance and Financial Sector Government Operations and Politics Government paperwork Government spending reductions Income tax Insurance companies Insurance premiums Labor and Employment Life insurance Public debt Restrictive trade practices Tax exclusion Tax returns Taxation

Full Text

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Votes

Summary

Taxpayer Savings and Employee Notification Act of 2003 - Amends the Internal Revenue Code to include in gross income from nonqualified company-owned life insurance contracts (as defined by this Act) income and death benefits (amounts exceeding reported income and premiums).

States that violations of such provisions shall be treated as a violation of an unfair or deceptive act or practice under the Federal Trade Commission Act.

Actions

Jun 20, 2003

Referred to the Subcommittee on Employer-Employee Relations.
May 20, 2003

Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
May 15, 2003

Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 15, 2003

Introduced in House

Amendments

Related Bills