H.R.1618 - To amend the Internal Revenue Code of 1986 to increase the dollar limitation on employer-provided group term life insurance that can be excluded from the gross income of the employee.113th Congress (2013-2014)
Summary: H.R.1618 — 113th Congress (2013-2014)
Introduced in House (04/18/2013)
Amends the Internal Revenue Code to increase from $50,000 to $375,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $375,000 amount for inflation for taxable years beginning after 2013.