There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (09/13/1988)

Amends the Internal Revenue Code to eliminate the limitation on the deductibility of policyholder loan interest incurred with respect to one or more life insurance policies when loan proceeds are used to fund post-retirement medical benefits under a nondiscriminatory employee benefit plan. (Under current law, an employer may not deduct such interest when the aggregate amount of loans per employee exceeds $50,000.)