Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Tax Policy and Administration: Small Tax Exempt Insurance Companies

  Premium   Download PDF Now (2 pages)
Report Type Reports and Testimonies
Report Date Feb. 8, 1993
Report No. GGD-93-11R
Subject
Summary:

GAO reviewed tax-exempt insurance companies, focusing on companies covered by Section 501(c)15 of the Internal Revenue Code (IRC). GAO noted that: (1) insurance companies that qualified for the tax exemption since 1986 were generally small companies that Congress intended to assist; and (2) in a few instances, companies have earned large amounts of investment income tax free under the revised section of IRC.

« Return to search Government Accountability Office reports