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H.R. 1788

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies.
About This Bill
Committee
Latest Action · April 14, 2015
Referred to the House Committee on Ways and Means.
Congress
114th (2015–2017)
Introduced
April 14, 2015
Cosponsors (4)
1D 3R
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Summary

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This bill 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 $2.2 million (from $1.2 million), with an annual inflation adjustment to such increased amount after 2015.

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