Summary: H.R.5095 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for H.R.5095. Bill summaries are authored by CRS.

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Introduced in House (07/26/1988)

Amends the Internal Revenue Code to treat as tax-excludible compensation for injuries or sickness any amounts received as health care benefits under a life insurance contract that are used in connection with: (1) a physical or mental condition requiring hospitalization for 150 days or longer; or (2) long-term or terminal physical or mental impairment of the taxpayer.