Res. Comm. Gonzalez-Colon Introduces Bill on Insurance Policies

WASHINGTON, April 30 -- Res. Comm. Jenniffer Gonzalez-Colon, D-P.R., has introduced legislation (H.R. 5651) to amend the Internal Revenue Code of 1986 "to exempt from the foreign insurer excise tax certain insurance policies issued by United States territory and possession insurers."

The bill was introduced on April 27 and was co-sponsored by Reps. Darren Soto, D-Fla., Pete King, R-N.Y., and Robert A. Brady, D-Pa. It was referred to the House Ways and Means Committee.

For more information, Res. Comm. Jenniffer Gonzalez-Colon, 1529 Longworth House Office Building, Washington, DC 20515; 202/225-2615; or in the district office at 157 Avenida de la Constitucion, Antiguo Edificio de Medicina Tropical, Segundo Piso, Puerta de Tierra, San Juan, PR 00902-3958; 787/723-6333.

TARGETED NEWS SERVICE: Myron Struck, editor; 703/304-1897; [email protected]; https://targetednews.com