To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.

Summary

Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and (3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid.

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Timeline

1. 20 May 2013

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 20 May 2013

   Introduced

   Sponsor introductory remarks on measure. (CR E702-703)

   Source: IntroReferral

3. 20 May 2013

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 May 2013

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 May 2013 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 May 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 May 2013

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 20 May 2013

  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. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Tax Reform Act of 2014
• related to → Balancing Act
• related to ← A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.