3.0.0 3399 2023-01-11T13:18:24Z 2023-01-11T13:18:24Z House H HR 2009-07-30 111 hswm00 Ways and Means Committee House Standing Referred to 2009-07-30T14:00:42Z 2009-07-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-07-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-30 Introduced in House IntroReferral 1000 9 Library of Congress L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 N T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2009-07-30 True Taxation Income tax deductions Insurance industry and regulation Life, casualty, property insurance Tax administration and collection, taxpayers Taxation 00 2009-07-30 Introduced in House 2009-08-28T14:34:14Z 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.

]]> To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Display Title To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Official Title as Introduced To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Introduced in House IH Introduced in House 2009-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3399ih/xml/BILLS-111hr3399ih.xml 2009-07-30 Referred to the House Committee on Ways and Means. 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.