Code · BILL · 115th Congress · H.R. 1 (Introduced in House) — To provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018. · Sec. 3705

Sec. 3705. Modification of rules for life insurance proration for purposes of determining the dividends received deduction

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Section 812 is amended to read as follows: For purposes of section 805(a)(4), the term company’s share means, with respect to any taxable year beginning after December 31, 2017, 40 percent. For purposes of section 807, the term policyholder’s share means, with respect to any taxable year beginning after December 31, 2017, 60 percent. . Section 817A(e)(2) is amended by striking , 807(d)(2)(B), and 812 and inserting and 807(d)(2)(B) . The amendments made by this section shall apply to taxable years beginning after December 31, 2017.