Small Insurance Company Inflation Adjustment Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R BondSponsor

2 cosponsors · 2 D

D Johnson MD

D Dayton

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

What it does: CRS summary · Introduced in Senate · Mar 27, 2003

Small Insurance Company Inflation Adjustment Act - Amends Internal Revenue Code provisions concerning tax-exempt insurance companies (other than life insurance companies) to increase from $350,000 to $575,000 (adjusted annually for inflation) the maximum amount of premiums that may be written annually by such a company in order to remain tax-exempt. Raises the maximum amount of premiums that may be written annually by an insurance company (other than a life insurance company) to qualify for an alternative tax for small companies.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Small Insurance Company Inflation Adjustment Act

Latest action (Mar 27, 2003): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4526-4527)

Policy area: Taxation · Origin: Senate · Introduced: Mar 27, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.