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- S.991
S.991: A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.
About This Bill
- Introduced May 20, 2013
- Latest Major Action May 20, 2013
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and (3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
May 20, 2013 |
Read twice and referred to the Committee on Finance.
|
May 20, 2013 |
Introduced in the Senate by Robert Menendez (D-N.J.) |