To amend the Internal Revenue Code of 1986 to enhance tax incentives for small property and casualty insurance companies.

Summary

Amends the Internal Revenue Code to: (1) revise the definition of gross receipts applicable to tax-exempt small property and casualty insurance companies to include gross investment income; (2) increase to $1.971 million (from $1.2 million) the limitation on net written premiums for purposes of qualifying non-life insurance companies for alternative tax rates; and (3) adjust such increased limitation amount annually for inflation after 2006.

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

Timeline

1. 20 July 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 20 July 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 July 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 July 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 July 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 July 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 July 2005

  Open at official source

Sponsors

• Rep. Nussle, Jim [R-IA-1] · R · Sponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. Leach, James A. [R-IA-1] · R · Cosponsor
• Rep. Green, Mark [R-WI-8] · R · Cosponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• Rep. Hulshof, Kenny C. [R-MO-9] · R · Cosponsor
• Rep. Lewis, Ron [R-KY-2] · R · Cosponsor
• Steve King · R · Cosponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Cosponsor
• Rep. Snyder, Vic [D-AR-2] · D · Cosponsor
• PAUL RYAN · R · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• COLLIN PETERSON · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to enhance tax incentives for small property and casualty insurance companies.