H.R. 3399 · 111th Congress
To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other…
Full title
To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LarsonSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns.
What it does: CRS summary · Introduced in House · Jul 30, 2009
Amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns.
Allows: (1) the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company to be phased in over five years; and (2) an automatic waiver of the the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.
Latest action (Jul 30, 2009): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jul 30, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.