Retirement Security for Life Act of 2007
Last action on May 8, 2007Referred to the House Committee on Ways and Means.
Take Action
Summary
Retirement Security for Life Act of 2007 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2009.
Lifecycle of the Bill
No events recorded for this stage yet.
