An Act to amend section 815 of the Internal Revenue Code to allow a life insurance company to disregard (for purposes of that section) a distribution during the last month of its taxable year, determined to have been made out of the policyholders surplus account, if such distribution is returned to the company not later than the due date for filing its income tax return (including extensions thereof) for that year, and for other purposes.

Summary

Provides, under the Internal Revenue Code, that a life insurance company may disregard a distribution during the last month of its taxable year, determined to have been made out of the policyholders surplus account, if such distribution is returned to the company not later than the due date for filing its income tax return (including extensions thereof) for that year.

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3 official files

• Public Law (PDF)

  Public Law · EN · 1 July 1976

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• Passed Senate amended

  summary · EN · 28 June 1976

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• Introduced in House

  summary · EN · 6 October 1975

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