HR 1178
104th Congress
House
Taxation
Commerce
Corporation taxes
Dividends
Finance and Financial Sector
Foreign Trade and International Finance
Foreign corporations
Foreign investments
Income tax
Insurance companies
Interest
Life insurance
Tax administration
Tax deductions
Taxation of foreign income
To amend the Internal Revenue Code of 1986 with respect to the treatment of effectively connected investment income of insurance companies.
Introduced: March 9, 1995
See on congress.gov
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
Plain-English summary
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.
What's happening now
Committee Hearings Held.
Committees of jurisdiction
1
Cosponsors
1