US Congress House Bill 6270 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 28 2016 - 25% progression, died in committee
Action: 2016-09-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates. This bill amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and (3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid.

To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.

Rep. Richard Neal [D-MA]

Date	Chamber	Action
2016-09-28	House	Referred to the House Committee on Ways and Means.
2016-09-28	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/6270/all-info
Text	https://www.congress.gov/114/bills/hr6270/BILLS-114hr6270ih.pdf