H.R. 7711 (95th): Product Liability Insurance Tax Equity Act

Introduced:
Jun 09, 1977 (95th Congress, 1977–1978)
Status:
Died (Referred to Committee)
See Instead:

H.R. 13764 (same title)
Referred to Committee — Aug 07, 1978

H.R. 12607 (same title)
Referred to Committee — May 08, 1978

H.R. 11502 (same title)
Referred to Committee — Mar 13, 1978

H.R. 10649 (same title)
Referred to Committee — Jan 31, 1978

H.R. 9790 (same title)
Referred to Committee — Oct 27, 1977

H.R. 8918 (same title)
Referred to Committee — Aug 05, 1977

H.R. 8885 (same title)
Referred to Committee — Aug 05, 1977

H.R. 8537 (same title)
Referred to Committee — Jul 26, 1977

H.R. 8339 (same title)
Referred to Committee — Jul 14, 1977

H.R. 8024 (same title)
Referred to Committee — Jun 24, 1977

H.R. 8023 (same title)
Referred to Committee — Jun 24, 1977

Sponsor
Charles Whalen Jr.
Representative for Ohio's 3rd congressional district
Party
Republican
Related Bills
H.R. 13764 (identical)

Referred to Committee
Last Action: Aug 07, 1978

H.R. 12607 (identical)

Referred to Committee
Last Action: May 08, 1978

 
Status

This bill was introduced on June 9, 1977, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 09, 1977
Referred to Committee Jun 09, 1977
 
Full Title

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.

Summary

No summaries available.

Cosponsors
6 cosponsors (3D, 3R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

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The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


6/9/1977--Introduced.
Product Liability Insurance Tax Equity Act - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax exempt organizations. Allows taxpayers a business income tax deduction for contributions to such trusts only to the extent they exceed the reasonable costs of product liability insurance for the deducting taxpayer.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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