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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Insurance Company Tax Modernization and Parity Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

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

Actions Overview (1)

04/26/2017Introduced in House

All Actions (2)

04/26/2017Referred to the House Committee on Ways and Means.
Action By: House of Representatives
04/26/2017Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means04/26/2017 Referred to

No related bill information was received for H.R.2181.

Subjects (6)

Latest Summary (1)

There is one summary for H.R.2181. View summaries

Shown Here:
Introduced in House (04/26/2017)

Insurance Company Tax Modernization and Parity Act of 2017

This bill amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. The bill also allows: (1) a phase-in of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company for taxable years beginning after December 31, 2017, and before January 1, 2024, and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.