U.S. Congress - S.1693 A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by in...
S.1693 - A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.
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- Official: A bill 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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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 noOfficial 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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