H.R. 3424 · 111th Congress
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.
- Stage
- In committee
- Sponsor
- Richard Neal
- Introduced
- 2009-07-30
- Latest action
- 2009-07-31 · Sponsor introductory remarks on measure.
Summary
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.