A bill to amend the Internal Revenue Code of 1954 to provide that trusts established for the payment of product liability claims and related expenses shall be exempt from income tax, and that a deduction shall be allowed for contributions to such trusts.
The bill’s titles are written by its sponsor.
Sponsor and status
May 8, 1978
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 12607 (95th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 95th Congress, which met from Jan 4, 1977 to Oct 15, 1978. Legislation not enacted by the end of a Congress is cleared from the books.
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GovTrack.us. (2019). H.R. 12607 — 95th Congress: Product Liability Insurance Tax Equity Act. Retrieved from https://www.govtrack.us/congress/bills/95/hr12607
“H.R. 12607 — 95th Congress: Product Liability Insurance Tax Equity Act.” www.GovTrack.us. 1978. July 20, 2019 <https://www.govtrack.us/congress/bills/95/hr12607>
Product Liability Insurance Tax Equity Act, H.R. 12607, 95th Cong. (1978).
|title=H.R. 12607 (95th)
|accessdate=July 20, 2019
|author=95th Congress (1978)
|date=May 8, 1978
|quote=Product Liability Insurance Tax Equity Act
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.