US Congress House Bill 2181 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Republican 8-3)
Status: Introduced on April 26 2017 - 25% progression, died in committee
Action: 2017-04-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Insurance Company Tax Modernization and Parity Act of 2017 This bill amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. The bill also allows: (1) a phase-in of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company for taxable years beginning after December 31, 2017, and before January 1, 2024, and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.

Insurance Company Tax Modernization and Parity Act of 2017

Rep. Patrick Tiberi [R-OH]	Rep. John Larson [D-CT]	Rep. Erik Paulsen [R-MN]	Rep. Tom Reed [R-NY]
Rep. George Holding [R-NC]	Rep. Jackie Walorski [R-IN]	Rep. Jason Smith [R-MO]	Rep. Linda Sanchez [D-CA]
Rep. Bill Pascrell [D-NJ]	Rep. Lynn Jenkins [R-KS]	Rep. Sam Johnson [R-TX]

Date	Chamber	Action
2017-04-26	House	Referred to the House Committee on Ways and Means.
2017-04-26	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2181/all-info
Text	https://www.congress.gov/115/bills/hr2181/BILLS-115hr2181ih.pdf