HR 3424
111th Congress
House
Taxation
Foreign and international corporations
Income tax deductions
Insurance industry and regulation
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: July 30, 2009
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
Jul 31, 2009
Sponsor introductory remarks on measure. (CR E2111-2112)
Jul 30, 2009
Referred to the House Committee on Ways and Means.
Jul 30, 2009
Introduced in House
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
Sponsor introductory remarks on measure. (CR E2111-2112)
Committees of jurisdiction
1