S. 3099 (106th): A bill to amend the Internal Revenue Code of 1986 to clarify the exemption from tax for small property and casualty insurance companies, and for other purposes.

Introduced:
Sep 22, 2000 (106th Congress, 1999–2000)
Sponsor:
Sen. Rod Grams [R-MN]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/22/2000--Introduced.
Amends Internal Revenue Code provisions concerning tax-exempt insurance companies to: (1) require such a tax-exempt company to be solely and directly owned by its policyholders and operate only in one State; and (2) increase from $350,000 to $531,000 (adjusted annually for inflation) the maximum amount of premiums that may be written annually by such a company in order to remain tax-exempt.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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