legislation: 102-hr-5642
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| 102-hr-5642 | 102 | hr | 5642 | To amend the Internal Revenue Code of 1986 with respect to the treatment of certain property and casualty insurance companies under the minimum tax, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Jacobs, Andrew, Jr. [D-IN-10] | IN | D | J000033 | 1 | Amends the Internal Revenue Code to allow certain small property and casualty insurance companies to determine alternative minimum taxable income and adjusted net book income without regard to underwriting income and expense. Increases the withholding rate on supplemental wage payments to 24 percent if an employer elects to determine such amounts under a specified Treasury regulation (otherwise such withholding rate is 20 percent). Provides for the taxation of the income from the merger of Federal land bank associations and farm credit associations, except for income, gain, loss, or deduction properly allocable to loans made by the Federal land bank associations that have an initial term of at least ten years. | 2025-01-03T20:55:56Z |