US HB2198 | 2011-2012 | 112th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 37-9)
Status: Introduced on June 15 2011 - 25% progression, died in committee
Action: 2011-06-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 15 2011 - 25% progression, died in committee
Action: 2011-06-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to expand the eligibility of certain small insurance companies (other than life insurance companies) for the alternative corporate income tax by increasing the premium limitation used to determine such eligibility to $2.025 million (from $1.2 million), with an annual inflation adjustment after 2012.
Title
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-06-15 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB3594 (Same As) 2012-09-20 - Read twice and referred to the Committee on Finance.
Subjects
Insurance industry and regulation
Life, casualty, property insurance
Small business
Tax administration and collection, taxpayers
Taxation
Life, casualty, property insurance
Small business
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/2198/all-info |
| Text | https://www.congress.gov/112/bills/hr2198/BILLS-112hr2198ih.pdf |
