House Bill 1968
117th Congress(2021-2022)
Puerto Rico Insurance Excise Tax Exemption Act of 2021
Introduced
Introduced in House on Mar 17, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1968
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Puerto Rico Insurance Excise Tax Exemption Act of 2021
This bill exempts from the foreign insurer excise tax certain insurance policies, indemnity bonds, annuity contracts, or reinsurance policies issued by partnerships or corporations created or organized under the laws of a U.S. territory or possession. The exemption applies unless any of the covered hazards, risks, losses, or liabilities are also covered by a reinsurance policy issued by a foreign insurer or reinsurer other than the partnership or corporation.
March 17, 2021
03/17/2021
Referred to the House Committee on Ways and Means.
03/17/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:12 PM