S. 735 · 108th Congress
Small Insurance Company Inflation Adjustment Act
- Stage
- In committee
- Sponsor
- Kit Bond
- Introduced
- 2003-03-27
- Latest action
- 2003-03-27 · Introduced in Senate
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.