HR 4192
106th Congress
House
Taxation
Business income tax
Commerce
Excise tax
Finance and Financial Sector
Foreign Trade and International Finance
Foreign corporations
Income tax
Insurance companies
Insurance premiums
Interest rates
Reinsurance
Tax evasion
Taxation of foreign income
To amend the Internal Revenue Code of 1986 to prevent the use of reinsurance with foreign persons to enable domestic nonlife insurance companies to evade United States income taxation.
Introduced: April 5, 2000
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2000
Referred to the House Committee on Ways and Means.
Apr 5, 2000
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide, with specified exceptions, that if a domestic person reinsures a United States risk with a related foreign reinsurer (as defined by this Act) then: (1) such person's investment income shall incur certain increases; and (2) certain excise taxes shall not apply to the foreign reinsurer's premiums.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1