S 992
107th Congress
Senate
Taxation
Business income tax
Commerce
Dividends
Finance and Financial Sector
Income tax
Insurance companies
Life insurance
Mutual funds
Tax deductions
Tax deferral
A bill to amend the Internal Revenue Code of 1986 to repeal the provision taxing policy holder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions.
Introduced: June 6, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2001
Read twice and referred to the Committee on Finance.
Jun 6, 2001
Sponsor introductory remarks on measure. (CR S5903)
Jun 6, 2001
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1