HR 3019 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

Introduced 2005-06-21· Sponsored by Rep. Ramstad, Jim [R-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-06-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) allow affiliated life and non-life insurance companies to file consolidated tax returns; (2) phase in, between 2005 and 2011, the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (3) automatically waive the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.…

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

Cosponsors (20)

7 Democrats13 Republicans
Rep. Johnson, Nancy L. [R-CT-5]CT
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. English, Phil [R-PA-3]PA
Rep. Hayworth, J. D. [R-AZ-5]AZ
Rep. Reynolds, Thomas M. [R-NY-26]NY
Rep. Hulshof, Kenny C. [R-MO-9]MO
Rep. Pomeroy, Earl [D-ND-At Large]ND
Rep. Jones, Stephanie Tubbs [D-OH-11]OH
Rep. McNulty, Michael R. [D-NY-21]NY
Rep. Tanner, John S. [D-TN-8]TN
Rep. Larson, John B. [D-CT-1]CT
Rep. Lewis, Ron [R-KY-2]KY
Rep. Johnson, Sam [R-TX-3]TX
Rep. Herger, Wally [R-CA-2]CA
Rep. Becerra, Xavier [D-CA-31]CA
Rep. Hart, Melissa A. [R-PA-4]PA
Rep. Brady, Kevin [R-TX-8]TX
Rep. Cantor, Eric [R-VA-7]VA
Rep. Shaw, E. Clay, Jr. [R-FL-22]FL
Rep. Chocola, Chris [R-IN-2]IN