Code · BILL · 115th Congress · H.R. 1 (Engrossed in House) — To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year... · Sec. 3703

Sec. 3703. Surtax on life insurance company taxable income

57 words·~1 min read·/bill/115/hr/1/eh/section-3703

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Section 801(a)(1) is amended— by striking consist of a tax and insert consist of the sum of— a tax , and by striking the period at the end and inserting , and , and by adding at the end the following new subparagraph: a tax equal to 8 percent of the life insurance company taxable income. .