A bill to amend the Internal Revenue Code of 1986 to repeal the provision taxing policy holder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions.
Amends the Internal Revenue Code to repeal provisions: (1) providing for the reduction in certain deductions of mutual life insurance companies; and (2) relating to distributions to shareholders from pre-1984 policyholders surplus accounts.
Actions
Jun 6, 2001
Read twice and referred to the Committee on Finance.
Jun 6, 2001
Sponsor introductory remarks on measure. (CR S5903)