3.0.0 1495 2023-01-15T06:17:48Z 2023-01-15T06:17:48Z Senate S S 2003-07-30 108 ssfi00 Finance Committee Senate Standing Referred to 2003-07-30T20:11:57Z To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. 108 2228 HR 2003-05-22 Referred to the House Committee on Ways and Means. Related bill CRS 2003-07-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-07-30 Sponsor introductory remarks on measure. (CR S10269-10270) IntroReferral B00100 9 Library of Congress 2003-07-30 Introduced in Senate IntroReferral 10000 9 Library of Congress B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY N C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2003-07-30 True Taxation Antitrust law Commerce Competition Life insurance Taxation 00 2003-07-30 Introduced in Senate 2003-09-16T21:14:51Z Permits an affiliated group which includes at least one domestic insurance company that elects to file a consolidated return rather than pay tax under certain life insurance provisions to use a phased-in percentage of insurance company net operating loss in determining its own taxable income. (Permits unused loss carryover.)

Provides for: (1) subsidiary stock basis adjustment; and (2) waiver of the five-year reconsolidation waiting period for certain formerly includible corporations which became nonincludible as a result of becoming a subsidiary of a nonincludible life insurance company.]]>

A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Display Title A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Introduced in Senate IS Introduced in Senate 2003-07-30T04:00:00Z 2003-07-30 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.