United States · Bill · S
S. 2707 (101st)
A bill to amend the Internal Revenue Code of 1986 to clarify the deductibility of liabilities incurred in connection with minimum premium plans.
Introduced
5 June 1990
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code, with regard to insurance company taxable income, to treat as unpaid losses any termination reserves under minimum premium plans (thus providing that amounts reflected as reserves or other liabilities on a property and casualty insurance company's annual statement for future claim payments under minimum premium accident and health plans are properly deductible during the policy period).
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 5 June 1990
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/101st-congress/senate-bill/2707
- Open data entity: https://api.congress.gov/v3/bill/101/s/2707