[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1556 Introduced in Senate (IS)]
1st Session
S. 1556
To amend the Internal Revenue Code of 1986 to restore, increase, and
make permanent the exclusion from gross income for amounts received
under qualified group legal services plans.
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IN THE SENATE OF THE UNITED STATES
August 1 (legislative day, July 21), 2003
Mr. Smith (for himself, Mr. Breaux, Mr. Kerry, Mrs. Lincoln, Mr.
Rockefeller, and Ms. Snowe) introduced the following bill; which was
read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to restore, increase, and
make permanent the exclusion from gross income for amounts received
under qualified group legal services plans.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Legal Services Benefit Act of
2003''.
SEC. 2. EXCLUSION FOR AMOUNTS RECEIVED UNDER QUALIFIED GROUP LEGAL
SERVICES PLANS RESTORED, INCREASED, AND MADE PERMANENT.
(a) Increase of Exclusion.--Subsection (a) of section 120 of the
Internal Revenue Code of 1986 (relating to amounts received under
qualified group legal services plans) is amended by striking the last
sentence.
(b) Restoration and Permanence of Exclusion.--Section 120 of the
Internal Revenue Code of 1986 (relating to amounts received under
qualified group legal services plans) is amended by striking subsection
(e) and by redesignating subsection (f) as subsection (e).
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2002.
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