To amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment income of insurance companies.

Summary

Amends the Internal Revenue Code to revise provisions determining the effectively connected net investment income of foreign companies carrying on insurance business in the United States. Requires such companies to recompute their effectively connected net investment income for taxable years beginning after December 31, 1987. Provides for increases (or decreases, as appropriate) in such income where the recomputed amount exceeds (or is less than) the income for the recomputed year. Requires payment (or receipt) of interest on the underpayment (or overpayment) of adjusted amounts.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 9 March 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 March 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 March 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 July 1995

   Committee

   Committee Hearings Held.

   Source: Committee

5. 12 July 1995

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 March 1995 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 March 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 March 1995

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 9 March 1995

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Camp, Dave [R-MI-4] · R · Sponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Sponsor
• Rep. Jacobs, Andrew, Jr. [D-IN-10] · D · Cosponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Cosponsor
• · hswm00 · Standing

Related records

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