A bill to provide that a consent to the application of former section 820 of the Internal Revenue Code of 1954 shall be treated as timely made in certain cases.

Summary

Provides that a consent to elect the optional tax treatment of insurance or annuity policies reinsured under modified coinsurance contracts in effect prior to the Tax Equity and Fiscal Responsibility Act of 1982 will be considered as timely made where: (1) a modified coinsurance contract was entered into in July of 1981; (2) the consent was filed on or before June 15, 1982; (3) such consent failed to satisfy the requirements because application for extension of time for filing such return was not timely made; and (4) such reinsured life insurance company was founded before 1720.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 21 February 1984

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.