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S 992 107th Congress Senate

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 12, 2001 See on congress.gov
Taxation Business income taxCommerceDividendsFinance and Financial Sector
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Income taxInsurance companiesLife insuranceMutual fundsTax 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
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
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 Latest action June 6, 2001

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
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 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Jun 12, 2001
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APA
U.S. Congress. (2026). S. 992: 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.. 107th Congress. Open America. https://openamerica.io/bill/107-S-992/
MLA
"S. 992: 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.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-992/.
Bluebook (legal)
S. 992, 107th Cong. (2026), https://openamerica.io/bill/107-S-992/.
Markdown link
[S. 992: 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.](https://openamerica.io/bill/107-S-992/)
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