US HB5651 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on April 27 2018 - 25% progression
Action: 2018-04-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Puerto Rico Insurance Excise Tax Exemption Act of 2018 This bill amends the Internal Revenue Code to exempt from the foreign insurer excise tax certain insurance policies, indemnity bonds, annuity contracts, or reinsurance policies issued by partnerships or corporations created or organized under the laws of a U.S. territory or possession. The exemption applies unless any of the covered hazards, risks, losses, or liabilities are also covered by a reinsurance policy issued by a foreign insurer or reinsurer other than the partnership or corporation.

Tracking Information

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Title

Puerto Rico Insurance Excise Tax Exemption Act of 2018

Sponsors


History

DateChamberAction
2018-04-27HouseReferred to the House Committee on Ways and Means.
2018-04-27HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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