HR 4647
113th Congress
House
Taxation
Insurance industry and regulation
Life, casualty, property insurance
Small business
Tax administration and collection, taxpayers
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.
Introduced: May 9, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2014
Referred to the House Committee on Ways and Means.
May 9, 2014
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to expand the eligibility of certain small insurance companies (other than life insurance companies) for the alternative corporate income tax by increasing the premium limitation used to determine such eligibility to $2.025 million (from $1.2 million), with an annual inflation adjustment after 2014.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1