HR 3424 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to affiliates.

Introduced 2009-07-30· Sponsored by Rep. Neal, Richard E. [D-MA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E2111-2112)(2009-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to deny a tax deduction for excess reinsurance premiums with respect to U.S. risks paid to affiliated insurance companies that are not subject to U.S. taxation.…

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

Cosponsors (1)

1 Democrat
Rep. Pascrell, Bill, Jr. [D-NJ-8]NJ