Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1687
S.1687: Offshore Reinsurance Tax Fairness Act
About This Bill
- Introduced June 25, 2015
- Latest Major Action June 25, 2015
Bill Sponsor
Bill Summary
Offshore Reinsurance Tax Fairness Act Amends the Internal Revenue Code to define "qualifying insurance corporation," for purposes of the insurance business exception to passive foreign investment company rules, as a foreign corporation: (1) that would be subject to U.S. taxation if it were a domestic corporation, and (2) the applicable insurance liabilities of which constitute more than 25% of its total assets. Allows an alternative facts and...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 25, 2015 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4650; text of measure as introduced: CR S4650-4652)
|
| June 25, 2015 |
Introduced in the Senate by Ron Wyden (D-Ore.) |