HR 2258
105th Congress
House
Taxation
Business income tax
Business losses
Casualty insurance
Commerce
Finance and Financial Sector
Income tax
Insurance companies
Property insurance
Small business
Tax deductions
Small Property and Casualty Insurance Company Equity Act of 1997
Introduced: July 24, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 1997
Referred to the House Committee on Ways and Means.
Jul 24, 1997
Introduced in House
Plain-English summary
Small Property and Casualty Insurance Company Equity Act of 1997 - Amends the Internal Revenue Code to provide for a small insurance company (assets of less than $500 million) deduction (60 percent of tentative taxable income of $3 millon or less) from the insurance company tax.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1