3.0.0 377 2024-06-12T18:21:10Z 2024-06-12T18:21:10Z House H HR 2023-01-17 118 [Congressional Record Volume 169, Number 12 (Tuesday, January 17, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. GONZALEZ-COLON:H.R. 377.Congress has the power to enact this legislation pursuantto the following:The Congress has the power to enact this legislationpursuant to Article I, Section 8, Clauses l and 18 of theU.S. Constitution, which provide as follows:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;[ . . . ]--AndTo make all laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H244]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-01-17T19:01:45Z 2023-01-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-01-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-17 Introduced in House IntroReferral 1000 9 Library of Congress G000582 Rescom. González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR N Taxation Caribbean area 2023-03-20T13:30:46Z Foreign and international corporations 2023-03-20T13:30:46Z Insurance industry and regulation 2023-03-20T13:30:46Z Puerto Rico 2023-03-20T13:30:46Z Sales and excise taxes 2023-03-20T13:30:46Z U.S. territories and protectorates 2023-03-20T13:30:46Z Taxation 2023-02-01T20:31:04Z 00 2023-01-17 Introduced in House 2023-12-04T17:37:36Z Puerto Rico Insurance Excise Tax Exemption Act of 2023

This bill exempts from the foreign insurer excise tax certain insurance policies, indemnity bonds, annuity contracts, or reinsurance policies issued by partnerships or corporations created or organized under the laws of a U.S. territory or possession. The exemption applies unless any of the covered hazards, risks, losses, or liabilities are also covered by a reinsurance policy issued by a foreign insurer or reinsurer other than the partnership or corporation.

]]> Puerto Rico Insurance Excise Tax Exemption Act of 2023 Display Title 45 Puerto Rico Insurance Excise Tax Exemption Act of 2023 2024-06-12T18:21:10Z Short Title(s) as Introduced 101 Puerto Rico Insurance Excise Tax Exemption Act of 2023 2024-05-24T13:42:58Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to exempt from the foreign insurer excise tax certain insurance policies issued by United States territory and possession insurers. 2024-03-18T20:12:34Z Introduced in House IH Introduced in House 2023-01-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr377ih/xml/BILLS-118hr377ih.xml 2023-01-17 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.