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An original bill to amend the Internal Revenue Code of 1986 to increase the limitation on eligibility for the alternative tax for certain small insurance companies.
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vs 3,548 other S bills in the 114th — cohort avg 43d
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) (Sec. 1) This bill amends the Internal Revenue Code to expand the eligibility of certain small insurance companies (other than life insurance companies) for the alternative corporate income tax by increasing the premium limitation used to determine such eligibility to $2.2 million (from $1.2 million), with an annual inflation adjustment to such increased amount after 2015. This increase is applicable to taxable years beginning after the enactment of this Act. The Department of the Treasury must submit to the Senate Finance Committee by February 11, 2016, a report on the abuse of captive insurance companies for estate planning purposes, including legislative recommendations for addressing any such abuses. (Sec. 2) This bill also increases from 30% to 45% the rate of the continuous levy on payments made after 180 days after the enactment of this Act to Medicare providers and suppliers for unpaid taxes.
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Filing registrants (5)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Placed on Senate Legislative Calendar under General Orders. Calendar No. 39.
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-16.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
H.R. 636- Property Tax/ FAA Drones H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax H.R. 5610- Natural Catastrophes/Taxes S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform S. 3424- Reinsurance/tax No #: House Blueprint for Tax Reform (Brady) Modernization of Derivatives Tax Act (Wyden draft) Corporate Integration (Hatch draft)
Client expense: $790,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax/ FAA Drones H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax H.R. 5610- Natural Catastrophes/Taxes S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform S. 3424- Reinsurance/tax No #: House Blueprint for Tax Reform (Brady) Modernization of Derivatives Tax Act (Wyden draft) Corporate Integration (Hatch draft)
Client expense: $790,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax/ FAA Drones H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax H.R. 5610- Natural Catastrophes/Taxes S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform No #: Modernization of Derivatives Tax Act (Wyden draft) House Blueprint for Tax Reform Corporate Integration (Hatch draft)
Client expense: Not reported · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax/ FAA Drones H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax H.R. 5610- Natural Catastrophes/Taxes S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform No #: Modernization of Derivatives Tax Act (Wyden draft) House Blueprint for Tax Reform Corporate Integration (Hatch draft)
Client expense: $1,010,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax/ FAA Drones H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform No #: Modernization of Derivatives Tax Act (Wyden draft) House Blueprint for Tax Reform Corporate Integration (Hatch draft)
Client expense: $1,420,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · first_quarter · Trade (domestic/foreign)
H.R.1890 / S. 905 - Trade Facilitation and Trade Enforcement Act of 2015. International Trade negotiations, China Trade Issues, India Trade Issues,
Client expense: $630,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of
2016 · first_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform
Client expense: $960,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2015 · fourth_quarter · Trade (domestic/foreign)
H.R.1890 / S. 905 - Trade Facilitation and Trade Enforcement Act of 2015. International Trade negotiations, China Trade Issues, India Trade Issues,
Client expense: $480,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of
2015 · fourth_quarter · Taxation/Internal Revenue Code
Section 831(b) - taxation of small insurance companies - increase threshold and reform to prevent abuse (S. 905) inclusion in tax extender/omnibus package Insurance Company Taxation and Tax Reform - General Taxation issues affecting property-casualty insurance companies and insurance products and consumers, including net operating loss carryback, loss reserve deductions, interest expense, proration, corporate AMT, advertising expense deduction, and conformity with statutory accounting. International Tax Reform and impact of proposals for deemed repatriation on insurance company taxation
Client expense: Not reported · Firm income: $21,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2015 · fourth_quarter · Trade (domestic/foreign)
H.R.1890 / S. 905 - Trade Facilitation and Trade Enforcement Act of 2015. International Trade negotiations, China Trade Issues, India Trade Issues,
Client expense: $480,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of
2015 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform
Client expense: $1,030,000 · Firm income: Not reported
2015 · fourth_quarter · Taxation/Internal Revenue Code
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. H.R 1788 / S. 905, all provisions Efforts to use deemed repatriation in international tax reform and highway trust fund issue, all provisions
Client expense: $390,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2015 · third_quarter · Trade (domestic/foreign)
H.R.1890 / S. 905 - Trade Facilitation and Trade Enforcement Act of 2015. International Trade negotiations, China Trade Issues, India Trade Issues,
Client expense: $1,600,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of
2015 · third_quarter · Trade (domestic/foreign)
H.R.1890 / S. 905 - Trade Facilitation and Trade Enforcement Act of 2015.
Client expense: $1,800,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of
2015 · third_quarter · Taxation/Internal Revenue Code
H.R. 636- Property Tax H.R. 880- Tax Reform H.R. 1058- Tax Reform H.R. 1105- Death Tax H.R. 1788- Small Insurance Companies/Corporate Income Tax H.R. 1855- Marijuana Tax S. 905- Small Insurance Companies/Corporate Income Tax S. 973- Tax Reform
Client expense: $1,050,000 · Firm income: Not reported
2015 · third_quarter · Taxation/Internal Revenue Code
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. H.R 1788 / S. 905, all provisions Efforts to use deemed repatriation in international tax reform and highway trust fund issue, all provisions
Client expense: $410,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2015 · second_quarter · Trade (domestic/foreign)
H.R.1890 / S. 905 - Trade Facilitation and Trade Enforcement Act of 2015.
Client expense: $500,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of
2015 · second_quarter · Taxation/Internal Revenue Code
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. H.R 1788 / S. 905, all provisions Efforts to use deemed repatriation in international tax reform and highway trust fund issue, all provisions
Client expense: $410,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2015 · first_quarter · Taxation/Internal Revenue Code
H.R. 880 - The American Research and Competitive Act of 2015 S. 455 - Innovators Job Creation Act of 2015 February 11, 2015, Senate Finance Committee Markup of the Modification to Alternative Tax to Certain Small Insurance Companies (S. 905)
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Oceanic & Atmospheric Administration (NOAA), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)