To amend the Internal Revenue Code of 1986 to provide for capital gains treatment for certain termination payments received by former insurance salesmen.
Fair Tax Treatment for Insurance Agents' Termination Payments Act of 2003 - Amends the Internal Revenue Code to consider a qualified termination payment received from an insurance company by a former insurance salesman for such company as a sale or exchange of a capital asset held for more than 12 months.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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