US HB3424 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 30 2009 - 25% progression, died in chamber
Action: 2009-07-31 - Sponsor introductory remarks on measure. (CR E2111-2112)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 30 2009 - 25% progression, died in chamber
Action: 2009-07-31 - Sponsor introductory remarks on measure. (CR E2111-2112)
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to deny a tax deduction for excess reinsurance premiums with respect to U.S. risks paid to affiliated insurance companies that are not subject to U.S. taxation.
Title
To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to affiliates.
Sponsors
| Rep. Richard Neal [D-MA] | Rep. Bill Pascrell [D-NJ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-07-31 | Sponsor introductory remarks on measure. (CR E2111-2112) | |
| 2009-07-30 | Referred to the House Committee on Ways and Means. |
Subjects
Foreign and international corporations
Income tax deductions
Insurance industry and regulation
Taxation
Income tax deductions
Insurance industry and regulation
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/3424/all-info |
| Text | https://www.congress.gov/111/bills/hr3424/BILLS-111hr3424ih.pdf |
