US SB1346 | 2013-2014 | 113th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Introduced on July 23 2013 - 25% progression, died in committee
Action: 2013-07-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 23 2013 - 25% progression, died in committee
Action: 2013-07-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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 $2.012 million (from $1.2 million), with an annual inflation adjustment after 2013.
Title
A bill to amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.
Sponsors
| Sen. Tom Harkin [D-IA] | Sen. Tammy Baldwin [D-WI] | Sen. Roy Blunt [R-MO] | Sen. Joe Donnelly [D-IN] |
| Sen. Chuck Grassley [R-IA] | Sen. Amy Klobuchar [D-MN] | Sen. John Rockefeller [D-WV] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-07-23 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB4647 (Related) 2014-05-09 - Referred to the House Committee on Ways and Means.
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/113th-congress/senate-bill/1346/all-info |
| Text | https://www.congress.gov/113/bills/s1346/BILLS-113s1346is.pdf |
