United States · Bill · S
S. 1553 (109th)
A bill to amend the Internal Revenue Code of 1986 to enhance tax incentives for small property and casualty insurance companies.
Introduced
29 July 2005
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9472)
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Amends the Internal Revenue Code to: (1) revise the definition of gross receipts applicable to tax-exempt small property and casualty insurance companies to include gross investment income; (2) increase to $1.971 million (from $1.2 million) the limitation on net written premiums for purposes of qualifying non-life insurance companies for alternative tax rates; and (3) adjust such increased limitation amount annually for inflation after 2006.
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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 (text)
Introduced in Senate · EN · 29 July 2005
Introduced in Senate (PDF)
Introduced in Senate · EN · 29 July 2005
Introduced in Senate
summary · EN · 29 July 2005
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/senate-bill/1553
- Open data entity: https://api.congress.gov/v3/bill/109/s/1553