3.0.0 1366 2023-01-11T16:47:42Z 2023-01-11T16:47:42Z Senate S S 2007-05-10 110 ssfi00 Finance Committee Senate Standing Referred to 2007-05-10T20:38:54Z To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. 110 1810 HR 2007-03-29 Referred to the House Committee on Ways and Means. Related bill CRS 2007-05-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-05-10 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 2007-05-10 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-05-10 True S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2007-05-10 True S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2008-04-30 False Taxation Administrative procedure Commerce Corporation taxes Department of the Treasury Finance and Financial Sector Government Operations and Politics Income tax Insurance companies Law Life insurance Losses Stocks Subsidiary corporations Tax deductions Tax returns Taxation 00 2007-05-10 Introduced in Senate 2009-08-19T18:02:28Z Amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns.

Allows: (1) a phasein, between 2007 and 2013, of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.

]]> 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 2007-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1366is/xml/BILLS-110s1366is.xml 2007-05-10 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.