H.R. 377 · 110th Congress
Insuring Families for Their Future Act of 2007
- Stage
- In committee
- Sponsor
- Michael Burgess
- Introduced
- 2007-01-10
- Latest action
- 2007-01-10 · Introduced in House
Summary
Insuring Families for Their Future Act of 2007 - Amends the Internal Revenue Code to increase from $50,000 to $320,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $320,000 amount for inflation for taxable years beginning after 2007.