26 U.S.C. § 801 — Tax imposed

submitted 42 years ago by Pub. L. 98-369 to r/title-26-INTERNAL-REVENUE-CODE · 84 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

(a) Tax imposed

A tax is hereby imposed for each taxable year on the life insurance company taxable income of every life insurance company. Such tax shall consist of a tax computed as provided in section 11 as though the life insurance company taxable income were the taxable income referred to in section 11.

(b) Life insurance company taxable income

For purposes of this part, the term “life insurance company taxable income” means—

(1)

life insurance gross income, reduced by

(2)

life insurance deductions.

Source credit: (Added Pub. L. 98–369, div. A, title II, § 211(a), July 18, 1984, 98 Stat. 720; amended Pub. L. 99–514, title X, § 1011(b)(3), Oct. 22, 1986, 100 Stat. 2389; Pub. L. 115–97, title I, §§ 13001(b)(2)(G), 13512(b)(3), 13514(b), Dec. 22, 2017, 131 Stat. 2096, 2143.)

history & why it existsrecord from the source credit

1984Enacted · Pub. L. 98-369 · 98 Stat. 720
1986Amended · Pub. L. 99-514 · 100 Stat. 2389
2017Amended · Pub. L. 115-97 · 131 Stat. 2096, 2143

A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-369 on 1984-07-18.

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