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.
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Mar 27, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4526-4527)
Mar 27, 2003
Sponsor introductory remarks on measure. (CR S4526)