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HR 2181 115th Congress House

Insurance Company Tax Modernization and Parity Act of 2017

Official title: To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

Introduced: June 20, 2017 See on congress.gov
Taxation Income tax deductionsInsurance industry and regulationLife, casualty, property insuranceSecuritiesTax administration and collection, taxpayers
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2017
Referred to the House Committee on Ways and Means.
Apr 26, 2017
Introduced in House
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 Latest action April 26, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Insurance Company Tax Modernization and Parity Act of 2017

This bill amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. The bill also allows: (1) a phase-in of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company for taxable years beginning after December 31, 2017, and before January 1, 2024, and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 2 Republican 1
JOHNSON, SAM
· Oct 26, 2017
Jenkins, Lynn
· Sep 25, 2017
 D
Sánchez, Linda T.
California · Jun 22, 2017
 R
Smith, Jason
Missouri · Jun 20, 2017
Holding, George
· May 18, 2017
 D
Larson, John B.
Connecticut · Apr 26, 2017
Paulsen, Erik
· Apr 26, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2181: Insurance Company Tax Modernization and Parity Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2181/
MLA
"H.R. 2181: Insurance Company Tax Modernization and Parity Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2181/.
Bluebook (legal)
H.R. 2181, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2181/.
Markdown link
[H.R. 2181: Insurance Company Tax Modernization and Parity Act of 2017](https://openamerica.io/bill/115-HR-2181/)
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