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HR 1178 104th Congress House

To amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment income of insurance companies.

Introduced: September 7, 1995 See on congress.gov
Taxation CommerceCorporation taxesDividendsFinance and Financial Sector
More subjectsShow fewer subjects
Foreign Trade and International FinanceForeign corporationsForeign investmentsIncome taxInsurance companiesInterestLife insuranceTax administrationTax deductionsTaxation of foreign income
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 1995
Committee Hearings Held.
Jul 11, 1995
Committee Hearings Held.
Mar 9, 1995
Referred to the House Committee on Ways and Means.
Mar 9, 1995
Introduced in House
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 Latest action July 12, 1995

Committee Hearings Held.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to revise provisions determining the effectively connected net investment income of foreign companies carrying on insurance business in the United States. Requires such companies to recompute their effectively connected net investment income for taxable years beginning after December 31, 1987. Provides for increases (or decreases, as appropriate) in such income where the recomputed amount exceeds (or is less than) the income for the recomputed year. Requires payment (or receipt) of interest on the underpayment (or overpayment) of adjusted amounts.

 Related & companion bills 1
  • S 1291 Identical bill A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment inc…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Neal, Richard E.
Massachusetts · Sep 7, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1178: To amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment income of insurance companies.. 104th Congress. Open America. https://openamerica.io/bill/104-HR-1178/
MLA
"H.R. 1178: To amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment income of insurance companies.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-1178/.
Bluebook (legal)
H.R. 1178, 104th Cong. (2026), https://openamerica.io/bill/104-HR-1178/.
Markdown link
[H.R. 1178: To amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment income of insurance companies.](https://openamerica.io/bill/104-HR-1178/)
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