H.R.5674 - To clarify the tax treatment of intermodal containers, to revise the tax treatment of small property and casualty insurance companies, and for other purposes.102nd Congress (1991-1992)
|Sponsor:||Rep. Vander Jagt, Guy [R-MI-9] (Introduced 07/23/1992)|
|Committees:||House - Ways and Means | Senate - Finance|
|Committee Reports:||H.Rept 102-735|
|Latest Action:||Senate - 08/05/1992 Received in the Senate and read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.5674 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (07/23/1992)
Title I: Tax Treatment of Certain Cargo Containers - Amends the Internal Revenue Code to provide for the treatment of qualified intermodal cargo containers for purposes of the investment tax credit.
Title II: Other Provisions - Allows a small insurance company deduction of the tentative taxable income of certain companies involved with property or casualty insurance.
Allows penalty-free withdrawals from annuity contracts to pay qualified higher education expenses of the taxpayer, the taxpayer's spouse, or a child or grandchild of such taxpayer. Excludes premiums paid under designated higher education expense annuities from treatment under gift tax provisions.
Repeals the stock for debt exception in de minimis cases.