An original bill to amend the Internal Revenue Code of 1986 to increase the limitation on eligibility for the alternative tax for certain small insurance companies.

3.0.0 1788 2023-01-11T13:27:42Z 2023-01-11T13:27:42Z House HR 2015-04-14 114 [Congressional Record Volume 161, Number 53 (Tuesday, April 14, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAULSEN:H.R. 1788.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I of the United StatesConstitution.[Page H2211]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-04-14T14:00:51Z An original bill to amend the Internal Revenue Code of 1986 to increase the limitation on eligibility for the alternative tax for certain small insurance companies. 114 905 S 2015-04-14 Placed on Senate Legislative Calendar under General Orders. Calendar No. 39. Related bill CRS 2015-04-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-04-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-04-14 Introduced in House IntroReferral 1000 9 Library of Congress P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 N K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2015-04-14 True Y000066 Rep. Young, David [R-IA-3] David Young R IA 3 2015-06-25 False K000378 Rep. Kinzinger, Adam [R-IL-16] Adam Kinzinger R IL 16 2015-07-15 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2015-10-26 False Taxation Insurance industry and regulation Life, casualty, property insurance Small business Tax administration and collection, taxpayers Taxation

00 2015-04-14 Introduced in House 2015-06-12T21:44:53Z This bill amends the Internal Revenue Code to expand the eligibility of certain small insurance companies (other than life insurance companies) for the alternative corporate income tax by increasing the premium limitation used to determine such eligibility to $2.2 million (from $1.2 million), with an annual inflation adjustment to such increased amount after 2015.

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To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. Display Title To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. Introduced in House IH Introduced in House 2015-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1788ih/xml/BILLS-114hr1788ih.xml 2015-04-14 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.