Sec. 13518. 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, 70 percent. For purposes of section 807, the term policyholder s share' means, with respect to any taxable year beginning after December 31, 2017, 30 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.