To amend the Internal Revenue Code of 1986 to modify the exemption from the self-employment tax for certain termination payments received by former life insurance salesmen.
Former Insurance Agents Tax Equity Act of 1999 - Amends the Internal Revenue Code and the Social Security Act with respect to the exemption from the self-employment tax for certain termination payments received by former insurance salesmen. Repeals the requirement that the amount of such a payment not depend to any extent on length of service or overall earnings from services performed for the former insurance company.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E798)
Referred to the House Committee on Ways and Means.
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