H.R.1530 - Small Insurance Company Inflation Adjustment Act108th Congress (2003-2004)
||Rep. Nussle, Jim [R-IA-1] (Introduced 04/01/2003)
||House - Ways and Means
||04/01/2003 Referred to the House Committee on Ways and Means. (All Actions)
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Introduced in House (04/01/2003)
Small Insurance Company Inflation Adjustment Act - Amends Internal Revenue Code provisions concerning tax-exempt insurance companies (other than life insurance companies) to increase from $350,000 to $575,000 (adjusted annually for inflation) the maximum amount of premiums that may be written annually by such a company in order to remain tax-exempt. Raises the maximum amount of premiums that may be written annually by an insurance company (other than a life insurance company) to qualify for an alternative tax for small companies.