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United States · Bill · HR

H.R. 4859 (98th)

A bill to amend the Internal Revenue Code of 1954 to provide an election for parallel income and deduction treatment with respect to initial payments made to certain physicians' and surgeons' mutual protection and indemnity associations.

openUnited States· United States Congress· EN

Introduced

9 February 1984

Last action

27 June 1984 · Committee

Status

See H.R.4170.

Sponsors

Rep. Thomas, William M. [R-CA-21], Rep. Duncan, John J. [R-TN-2], Rep. Archer, Bill [R-TX-7], Rep. Martin, James G. [R-NC-9], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Stump, Bob [R-AZ-3], Rep. Dreier, David [R-CA-26], Rep. Badham, Robert E. [R-CA-40], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Chappie, Eugene A. [R-CA-2], Rep. Heftel, Cecil [D-HI-1], Rep. Vander Jagt, Guy [R-MI-9], Rep. Crane, Philip M. [R-IL-8], Rep. Conable, Barber B., Jr. [R-NY-30]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exclude from the gross income of a physicians' and surgeons' mutual protection and indemnity association any initial payment made by a member upon joining such an association provided that the member does not elect to claim an income tax deduction for such payment. Allows a member of such an association to elect to claim an income tax deduction as a business expense any initial payment made to the association. Limits the amount of such deduction to an amount which would be payable to an independent insurance company for medical malpractice insurance.

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

Timeline

  1. 9 February 1984

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 9 February 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 9 February 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 27 June 1984

    Committee

    See H.R.4170.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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