Amends the Internal Revenue Code to exclude from the gross investment income of life insurance companies dividends received by such companies from members of an affiliated group.
Referred to Subcommittee on Select Revenue Measures.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
Subcommittee on Taxation and Debt Management took the following actions.
Committee on Finance requested executive comment from OMB; Treasury Department.
Subcommittee on Taxation and Debt Management. Hearings held.
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