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- S.795
S.795: A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 26, 2001
- Latest Major Action April 26, 2001
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (4 Democrats, 6 Republicans)
Bill Summary
Amends the Internal Revenue Code to include life insurance companies as an "includible corporation" for purposes of filing consolidated tax returns.Permits an affiliated group which includes at least one domestic insurance company that elects to file a consolidated return rather than pay tax under certain life insurance provisions to use a phased-in percentage of insurance company net operating loss in determining its own taxable income....
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Read twice and referred to the Committee on Finance.
|
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April 26, 2001 |
Introduced in the Senate by Fred Thompson (R-Tenn.) |