HR 6969
110th Congress
House
Taxation
Affiliated corporations
Commerce
Finance and Financial Sector
Foreign Trade and International Finance
Foreign corporations
Income tax
Insurance companies
Insurance premiums
Reinsurance
Tax deductions
To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to affiliates.
Introduced: September 18, 2008
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 18, 2008
Referred to the House Committee on Ways and Means.
Sep 18, 2008
Introduced in House
Sep 18, 2008
Sponsor introductory remarks on measure. (CR E1847)
Plain-English summary
Amends the Internal Revenue Code to deny a tax deduction for excess reinsurance premiums with respect to U.S. risks paid to affiliated insurance companies that are not subject to U.S. taxation.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1