HR 1530 · 108th Congress 2003–2005, ended

Small Insurance Company Inflation Adjustment Act

Introduced Apr 1, 2003 Originated House Sponsor Jim Nussle R-IA

Fact sheet Spreadsheet

Latest action · Apr 1, 2003 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedApr 1, 2003
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Small Insurance Company Inflation Adjustment Act - Amends Internal Revenue Code provisions concerning tax-exempt insurance companies (other than life insurance companies) to increase from $350,000 to $575,000 (adjusted annually for inflation) the maximum amount of premiums that may be written annually by such a company in order to remain tax-exempt. Raises the maximum amount of premiums that may be written annually by an insurance company (other than a life insurance company) to qualify for an alternative tax for small companies.

Cosponsors 16

Members who signed on, in the order they did. Signatures ran from Apr 1, 2003 to Oct 15, 2003; 5 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-MNJim RamstadOriginalApr 1, 2003
D-KYKen LucasOriginalApr 1, 2003
R-WIMark GreenOriginalApr 1, 2003
R-TXRon PaulOriginalApr 1, 2003
R-MOSam GravesOriginalApr 1, 2003
R-MORoy BluntApr 10, 2003
D-TNBart GordonMay 21, 2003
R-ILDonald A. ManzulloMay 21, 2003
R-MOJo Ann EmersonMay 21, 2003
R-OHPatrick J. TiberiMay 21, 2003
R-KYHarold RogersJun 10, 2003
R-TNWilliam L. JenkinsJun 10, 2003
R-IAJames A. LeachJun 18, 2003
R-IATom LathamJun 18, 2003
D-MNCollin C. PetersonJul 14, 2003
R-MNGil GutknechtOct 15, 2003

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Apr 1, 2003

Actions 2

Everything that happened, newest first.

  1. Apr 1, 2003Introduced in House
  2. Apr 1, 2003Referred to the House Committee on Ways and Means.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 735Small Insurance Company Inflation Adjustment ActIdentical billMar 27, 2003

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to clarify the exemption from tax for small property and casualty insurance companies.
Short Titles as Introduced
Small Insurance Company Inflation Adjustment Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Apr 1, 2003Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.