A bill to amend the Internal Revenue Code of 1986 to provide the same insurance reserve treatment to financial guaranty insurance as applies to mortgage guaranty insurance, lease guaranty insurance, and tax-exempt bond insurance.

referredUnited States· United States Congress· EN

Introduced

2 August 1995

Last action

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Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code provisions relating to an insurance company taxable income special deduction and income account to apply to companies that write financial guarantee insurance certain rules currently applied to companies that write mortgage guaranty insurance, lease guaranty insurance, or insurance on obligations the interest on which is excludable from gross income under specified provisions.

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 2 August 1995
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Introduced in Senate (PDF)
Introduced in Senate · EN · 2 August 1995
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Introduced in Senate
summary · EN · 2 August 1995
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Sources

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Official source: https://www.congress.gov/bill/104th-congress/senate-bill/1106
Open data entity: https://api.congress.gov/v3/bill/104/s/1106