Reinsurance Tax Equity Act of 2001 - Amends the Internal Revenue Code to deny, to domestic nonlife insurance companies, the deduction of return premiums and premiums paid for reinsurance from the amount of gross premiums written on insurance contracts during the taxable year for premiums paid for the direct or indirect reinsurance of United States risks with a related reinsurer.
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May 8, 2001
Referred to the House Committee on Ways and Means.