United States · Bill · S
S. 1366 (110th)
A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.
Introduced
10 May 2007
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
Summary
Amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. Allows: (1) a phasein, between 2007 and 2013, of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 10 May 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 10 May 2007
Introduced in Senate
summary · EN · 10 May 2007
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/1366
- Open data entity: https://api.congress.gov/v3/bill/110/s/1366