Amends the Internal Revenue Code to grant tax-exempt status to a physicians' and surgeons' mutual protection association established to provide malpractice insurance to its members. Characterizes payment for malpractice insurance made to such an association by its physician or surgeon members as a deductible business expense.
Became Public Law No: 98-369.
Committee on Finance requested executive comment from OMB, Treasury Department.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4170.
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