A bill to provide that certain nonprofit hospital insurers shall not be required to discount unpaid losses in computing taxable income for taxable years beginning before January 1, 1989.

Summary

Permits qualified nonprofit hospital insurers to make an irrevocable election not to discount their unpaid losses in calculating taxable income for 1987 and 1988. Revises effective dates of relevant transitional rules of the Tax Reform Act of 1986 to reflect this change.

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Timeline

1. 21 June 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 21 June 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 21 June 1988

  Open at official source

Sponsors

• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• · ssfi00 · Standing

Related records

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