HR 264 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that an organization shall be exempt from income tax if it is created by a State to provide property and casualty insurance coverage for property for which such coverage is otherwise unavailable.

Introduced 1999-01-06· Sponsored by Rep. Shaw, E. Clay, Jr. [R-FL-22]· House

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Enacted

Latest: Referred to the House Committee on Ways and Means.(1999-01-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt an organization from income tax if it is created by a State to provide property and casualty insurance coverage for property for which such coverage is otherwise unavailable.…

Summarized by Claude AI · Non-partisan · For informational purposes only

To amend the Internal Revenue Code of 1986 to provide that an organization shall be exempt from income tax if it is created by a State to provide property and casualty insurance coverage for property for which such coverage is otherwise unavailable.

Bill Progress

Plain Language Summary

Cosponsors (20)