HR 3019
109th Congress
House
Taxation
Administrative procedure
Commerce
Corporation taxes
Department of the Treasury
Finance and Financial Sector
Government Operations and Politics
Income tax
Insurance companies
Law
Life insurance
Losses
Stocks
Subsidiary corporations
Tax deductions
Tax returns
To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.
Introduced: June 21, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 21, 2005
Referred to the House Committee on Ways and Means.
Jun 21, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to: (1) allow affiliated life and non-life insurance companies to file consolidated tax returns; (2) phase in, between 2005 and 2011, the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (3) automatically waive the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1