To amend the Internal Revenue Code of 1986 to provide that an organization shall be exempt from income tax if it is created by a State to provide property and casualty insurance coverage for property for which such coverage is otherwise unavailable.
Latest action (30 Jul 1998): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Amends the Internal Revenue Code to exempt an organization from income tax if it is created by a State to provide property and casualty insurance coverage for property for which such coverage is otherwise unavailable.
Common questions
- What does H.R. 4361 do?
- Amends the Internal Revenue Code to exempt an organization from income tax if it is created by a State to provide property and casualty insurance coverage for property for which such coverage is otherwise unavailable.
- Has H.R. 4361 become law?
- Not yet. As of 30 Jul 1998, H.R. 4361 is introduced.
- Who sponsored H.R. 4361?
- H.R. 4361 was sponsored by Rep. Clay Shaw [R-FL22, 1993-2006] (Republican-FL), with 17 cosponsors.
- What's the latest action on H.R. 4361?
- Introduced (30 Jul 1998).
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