A bill to amend the Internal Revenue Code of 1986 to remove the limitation that certain survivor benefits can only be excluded with respect to individuals dying after December 31, 1996.

Amends the Internal Revenue Code to make provisions respecting survivor benefits attributable to a public service officer killed in the line of duty applicable to benefits received after December 31, 2000.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 433 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                 S. 433

  To amend the Internal Revenue Code of 1986 to remove the limitation 
  that certain survivor benefits can only be excluded with respect to 
               individuals dying after December 31, 1996.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 1, 2001

  Mr. Smith of New Hampshire 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 remove the limitation 
  that certain survivor benefits can only be excluded with respect to 
               individuals dying after December 31, 1996.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REMOVAL OF LIMITATION.

    (a) In General.--Section 101(h) of the Internal Revenue Code of 
1986 (relating to exclusion of survivor benefits from gross income) is 
amended by adding after paragraph (2) the following new paragraph:
            ``(3) Application.--This subsection shall apply to amounts 
        received after December 31, 2000.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act.
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