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    <updateDate>2023-01-15T23:03:26Z</updateDate>
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    <introducedDate>2003-03-27</introducedDate>
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            <date>2003-03-27T21:50:25Z</date>
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        <title>Small Insurance Company Inflation Adjustment Act</title>
        <congress>108</congress>
        <number>1530</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2003-04-01</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Read twice and referred to the Committee on Finance. (text of measure as introduced:  CR S4526-4527)</text>
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        <actionDate>2003-03-27</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S4526)</text>
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          <name>Library of Congress</name>
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        <actionDate>2003-03-27</actionDate>
        <text>Introduced in Senate</text>
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        <bioguideId>B000611</bioguideId>
        <fullName>Sen. Bond, Christopher S. [R-MO]</fullName>
        <firstName>CHRISTOPHER</firstName>
        <lastName>BOND</lastName>
        <party>R</party>
        <state>MO</state>
        <middleName>S.</middleName>
        <isByRequest>N</isByRequest>
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      <item>
        <bioguideId>J000177</bioguideId>
        <fullName>Sen. Johnson, Tim [D-SD]</fullName>
        <firstName>TIM</firstName>
        <lastName>JOHNSON</lastName>
        <party>D</party>
        <state>SD</state>
        <sponsorshipDate>2003-03-27</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>D000596</bioguideId>
        <fullName>Sen. Dayton, Mark [D-MN]</fullName>
        <firstName>MARK</firstName>
        <lastName>DAYTON</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2003-06-24</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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          <name>Casualty insurance</name>
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          <name>Commerce</name>
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          <name>Corporation taxes</name>
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          <name>Cost of living adjustments</name>
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          <name>Economics and Public Finance</name>
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          <name>Finance and Financial Sector</name>
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          <name>Income tax</name>
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          <name>Indexing (Economic policy)</name>
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        <item>
          <name>Insurance companies</name>
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        <item>
          <name>Insurance premiums</name>
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        <item>
          <name>Property insurance</name>
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        <item>
          <name>Small business</name>
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        <item>
          <name>Tax-exempt organizations</name>
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        <name>Taxation</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-03-27</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[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.]]></text>
      </summary>
    </summaries>
    <title>Small Insurance Company Inflation Adjustment Act</title>
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        <titleType>Display Title</titleType>
        <title>Small Insurance Company Inflation Adjustment Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to clarify the exemption from tax for small property and casualty insurance companies.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Small Insurance Company Inflation Adjustment Act</title>
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        <type>Introduced in Senate</type>
        <date>2003-03-27T05:00:00Z</date>
        <formats/>
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    <latestAction>
      <actionDate>2003-03-27</actionDate>
      <text>Read twice and referred to the Committee on Finance. (text of measure as introduced:  CR S4526-4527)</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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