S. 1346 · 113th Congress

A bill to amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.

Stage
In committee
Sponsor
Tom Harkin
Introduced
2013-07-23
Latest action
2013-07-23 · Introduced in Senate

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 $2.012 million (from $1.2 million), with an annual inflation adjustment after 2013.