H.R.3157 - To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.

All Bill Titles

Official: To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates. as introduced.

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Introduced

House
Passes

Senate
Passes

President
Signs

10/11/11

Official Bill Text Comment on about 6 Pages

Sponsor

Representative

Richard Neal

D-MA

View Co-Sponsors (1)

Committees

House Ways and Means

Related Issue Areas

Data via Congressional Research Service View all Issues (3 more)Hide Issues

Official Summary

10/12/2011--Introduced.Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such no

Official Summary

10/12/2011--Introduced.Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company:
(1) any non-taxed reinsurance premium;
(2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and
(3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid.

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