To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.
Latest action · Jul 22, 2009 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.
- IntroducedJul 22, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to expand the eligibility of certain small insurance companies (other than life insurance companies) for the alternative corporate income tax by increasing the premium limitation used to determine such eligibility to $2.025 million (from $1.2 million), with an annual inflation adjustment after 2010.
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from Jul 22, 2009 to Aug 10, 2010; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WI | Paul D. Ryan | Original | Jul 22, 2009 |
| R-AR | John Boozman | May 20, 2010 | |
| D-PA | Christopher P. Carney | May 27, 2010 | |
| R-IN | Dan Burton | May 27, 2010 | |
| R-MO | Jo Ann Emerson | May 27, 2010 | |
| R-WI | Thomas E. Petri | May 27, 2010 | |
| D-GA | Jim Marshall | Jun 10, 2010 | |
| D-IN | Joe Donnelly | Jun 10, 2010 | |
| R-MO | Sam Graves | Jun 10, 2010 | |
| D-SD | Stephanie Herseth Sandlin | Jun 10, 2010 | |
| D-NY | William L. Owens | Jun 10, 2010 | |
| R-FL | Ginny Brown-Waite | Jun 21, 2010 | |
| R-MO | Roy Blunt | Jun 21, 2010 | |
| R-TX | K. Michael Conaway | Jun 24, 2010 | |
| R-IL | Aaron Schock | Jul 1, 2010 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jul 22, 2009 |
Actions 2
Everything that happened, newest first.
- Jul 22, 2009Introduced in House
- Jul 22, 2009Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 111-65 | PUBLIC LANDS AND FORESTS BILLS106 pages | Energy and Natural Resources Committee | Jun 17, 2009 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 22, 2009Introduced in House
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.
