Summary: H.R.5207 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5207. Bill summaries are authored by CRS.

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Introduced in House (06/28/1990)

Amends the Internal Revenue Code with respect to foreign companies carrying on insurance business in the United States. Requires the use of domestic company tax return data from the same taxable year as the year for which minimum effectively connected net investment income calculations are made. Requires the use of a carryover account for year-to-year income comparisons.