H.R. 3424 — 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.

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.

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Legislative Actions

2009-07-30
Introduced in House
2009-07-30
Introduced in House
2009-07-30
Referred to the House Committee on Ways and Means.
2009-07-31
Sponsor introductory remarks on measure. (CR E2111-2112)

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.

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