H.R. 4150 · 110th Congress
Lifetime Pension Annuity for You Act of 2007
- Stage
- In committee
- Sponsor
- Earl Pomeroy
- Introduced
- 2007-11-09
- Latest action
- 2007-11-09 · Introduced in House
Summary
Lifetime Pension Annuity for You Act of 2007 - Amends the Internal Revenue Code to: (1) allow an exclusion from gross income for up to 50% of lifetime income payments from certain annuity contracts; (2) exclude longevity insurance benefits from employee benefit plan minimum distribution requirements; and (3) allow a tax exclusion for amounts received as an annuity under any portion of an annuity, endowment, or life insurance contract.