To modify the provisions of the Internal Revenue Code of 1986 which relate to the taxation of foreign risk active business income of certain United States controlled foreign corporations qualifying as insurance companies and which are inhibiting the competitiveness of United States owned insurers with their foreign owned couterparts.

referredUnited States· United States Congress· EN

Introduced

27 March 1990

Last action

—

Status

Referred to the House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that insurance income does not include any foreign risk active business income.

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2 official files

Introduced in House (text)

Introduced in House (text)
Introduced in House · EN
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Introduced in House
summary · EN · 27 March 1990
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