To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to affiliates.
Amends the Internal Revenue Code to deny a tax deduction for excess reinsurance premiums with respect to U.S. risks paid to affiliated insurance companies that are not subject to U.S. taxation.
Actions
Sep 18, 2008
Referred to the House Committee on Ways and Means.
Sep 18, 2008
Sponsor introductory remarks on measure. (CR E1847)