HR 1483
116th Congress
House
Taxation
Caribbean area
Foreign and international corporations
Insurance industry and regulation
Puerto Rico
Sales and excise taxes
U.S. territories and protectorates
Puerto Rico Insurance Excise Tax Exemption Act of 2019
Introduced: March 4, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 2019
Referred to the House Committee on Ways and Means.
Mar 4, 2019
Introduced in House
Plain-English summary
Puerto Rico Insurance Excise Tax Exemption Act of 2019
This bill exempts from the foreign insurer excise tax certain insurance policies, indemnity bonds, annuity contracts, or reinsurance policies issued by partnerships or corporations created or organized under the laws of a U.S. territory or possession. The exemption applies unless any of the covered hazards, risks, losses, or liabilities are also covered by a reinsurance policy issued by a foreign insurer or reinsurer other than the partnership or corporation.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1