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   &lt;pre&gt;[Congressional Record Volume 167, Number 3 (Tuesday, January 5, 2021)][House][Pages H73-H74]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. BURGESS:H.R. 195.Congress has the power to enact this legislation pursuantto the following:Article I, Section VIII, clause 1 enumerates that, ``TheCongress shall have power to lay and collect taxes, duties,imposts and excises . . . '' Further, Amendment XVI statesthat ``The Congress shall have power to lay and collect taxeson incomes, from[[Page H74]]whatever source derived, without apportionment among theseveral states, and without regard to any census orenumeration.''&lt;/pre&gt;
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     Rep. Burgess, Michael C. [R-TX-26]
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    <firstName>
     Michael
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     Burgess
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    <party>
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    <state>
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     2021-01-05
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     Introduced in House
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     2021-02-09T12:52:28Z
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     &lt;p&gt;&lt;strong&gt;Group Term Life Insurance Increase Act &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill increases the limit on the amount of employer-provided group term life insurance that an employee may exclude from gross income for income tax purposes. Currently, an employee may exclude from gross income up to $50,000 of the cost of such insurance plus any amount paid by the employee for the purchase of such insurance. The bill increases the $50,000 limit to $375,000, and adjusts such increased limit for inflation in taxable years beginning after 2021. &lt;/p&gt;
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   Group Term Life Insurance Increase Act
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     Group Term Life Insurance Increase Act
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     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.
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     Introduced in House
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     Group Term Life Insurance Increase Act
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     2021-01-05T05:00:00Z
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    Referred to the House Committee on Ways and Means.
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   Congressional Research Service, Library of Congress
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-01-05
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-01-05
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-01-05
9
Library of Congress
Introduced in House
IntroReferral
2021-01-05T17:01:20Z
Referred to
House
Ways and Means Committee
hswm00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-01-05
2021-01-05
Referred to the House Committee on Ways and Means.
House
Taxation
B001248
26
Michael
Rep. Burgess, Michael C. [R-TX-26]
N
Burgess
C.
R
TX
Employee benefits and pensions Income tax exclusion Life, casualty, property insurance
2021-01-05
Introduced in House
 <p><strong>Group Term Life Insurance Increase Act </strong></p> <p>This bill increases the limit on the amount of employer-provided group term life insurance that an employee may exclude from gross income for income tax purposes. Currently, an employee may exclude from gross income up to $50,000 of the cost of such insurance plus any amount paid by the employee for the purchase of such insurance. The bill increases the $50,000 limit to $375,000, and adjusts such increased limit for inflation in taxable years beginning after 2021. </p>
2021-02-09T12:52:28Z
00
2021-01-05T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr195ih/xml/BILLS-117hr195ih.xml
Group Term Life Insurance Increase Act
Group Term Life Insurance Increase Act
Display Title
IH
Introduced in House
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.
Official Title as Introduced
IH
Introduced in House
Group Term Life Insurance Increase Act
Short Title(s) as Introduced
HR
2023-01-11T13:43:40Z
2023-01-11T13:43:40Z
3.0.0
H11100
2021-01-05
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-01-05
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-01-05
9
Library of Congress
Introduced in House
IntroReferral
B001248
26
Michael
Rep. Burgess, Michael C. [R-TX-26]
N
Burgess
C.
R
TX
Employee benefits and pensions Income tax exclusion Life, casualty, property insurance
2021-01-05
Introduced in House
 <p><strong>Group Term Life Insurance Increase Act </strong></p> <p>This bill increases the limit on the amount of employer-provided group term life insurance that an employee may exclude from gross income for income tax purposes. Currently, an employee may exclude from gross income up to $50,000 of the cost of such insurance plus any amount paid by the employee for the purchase of such insurance. The bill increases the $50,000 limit to $375,000, and adjusts such increased limit for inflation in taxable years beginning after 2021. </p>
2021-02-09T12:52:28Z
00
Group Term Life Insurance Increase Act
Group Term Life Insurance Increase Act
Display Title
IH
Introduced in House
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.
Official Title as Introduced
IH
Introduced in House
Group Term Life Insurance Increase Act
Short Title(s) as Introduced
2021-01-05
Referred to the House Committee on Ways and Means.