US HB5746 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Sets forth special tax rules for determining whether financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.
Title
To amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.
Sponsors
| Rep. Gwen Moore [D-WI] | Rep. Adrian Smith [R-NE] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-03 | House | Referred to the House Committee on Ways and Means. |
| 2020-02-03 | House | Introduced in House |
Same As/Similar To
HB2 (Related) 2020-07-20 - Received in the Senate.
Subjects
Accounting and auditing
Capital gains tax
Financial services and investments
Foreign and international corporations
Life, casualty, property insurance
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Capital gains tax
Financial services and investments
Foreign and international corporations
Life, casualty, property insurance
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/5746/all-info |
| Text | https://www.congress.gov/116/bills/hr5746/BILLS-116hr5746ih.pdf |
