About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

121314 1 (1983-05-10)

handle is hein.gao/gaobactai0001 and id is 1 raw text is: 




                   U. S. GENERAL ACCOUNTING OFFICE

                      WASHINGTON, D. C.   20548





111 liiilFOR RELEASE ON DELIVERY
   121314                               Expected at 10:30 A.M. EDT
                                        Tuesday, May 10, 1983



                             STATEMENT OF

                        ARTHUR  J. CORAZZINI

             DEPUTY DIRECTOR,  PROGRAM ANALYSIS DIVISION

                              BEFORE THE

             SUBCOMMITTEE ON  SELECT REVENUE MEASURES OF

                 THE HOUSE WAYS  AND MEANS COMMITTEE

                                  ON

           TAXATION OF THE U.  S. LIFE INSURANCE INDUSTRY



 Mr. Chairman and Members of  the Committee:

      We are pleased to be here  today to give you our views on

 some facets of taxation of  the life insurance industry.  Our 1981

 report on this subject recommended  some specific changes in the

 Life Insurance Company Income Tax Act  of 1959, which we found to

 be seriously in need of revision.  Since  then, changes in the tax

 treatment of the industry were enacted  as part of the Tax Equity

 and Fiscal Responsibility Act of  1982, but many of the provisions

 included in the stopgap legislationwill   expire at the end of

 this year.  We hope that our comments  today will contribute to

 your important task of arriving at  suitable permanent tax legis-

 lation for the industry.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most