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HR 661 107th Congress House

Life Insurance Tax Simplification Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to repeal the provision taxing policyholder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions.

Introduced: February 14, 2001 See on congress.gov
Taxation Business income taxCommerceDividendsFinance and Financial Sector
More subjectsShow fewer subjects
Income taxInsurance companiesLife insuranceMutual fundsStockholdersTax deductionsTax deferral
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2001
Referred to the House Committee on Ways and Means.
Feb 14, 2001
Sponsor introductory remarks on measure. (CR E194)
Feb 14, 2001
Introduced in House
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 Latest action February 14, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Life Insurance Tax Simplification Act of 2001 - Amends the Internal Revenue Code to repeal provisions: (1) providing for the reduction in certain deductions of mutual life insurance companies; and (2) relating to distributions to shareholders from pre-1984 policyholders surplus accounts.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 1
DeMint, James
· Jul 20, 2001
DUNN, JENNIFER
· Mar 20, 2001
MCINNIS, SCOTT
· Mar 8, 2001
CRANE, PHILIP
· Feb 14, 2001
KLECZKA, GERALD
· Feb 14, 2001
 D
Neal, Richard E.
Massachusetts · Feb 14, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 661: Life Insurance Tax Simplification Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-661/
MLA
"H.R. 661: Life Insurance Tax Simplification Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-661/.
Bluebook (legal)
H.R. 661, 107th Cong. (2026), https://openamerica.io/bill/107-HR-661/.
Markdown link
[H.R. 661: Life Insurance Tax Simplification Act of 2001](https://openamerica.io/bill/107-HR-661/)
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