Taxpayer Savings and Employee Notification Act of 2003
Last action on Jun 20, 2003Referred to the Subcommittee on Employer-Employee Relations.
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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.
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