,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dfdg  ,,in ,,the ,,house ,,of  
,,representatives  ,may #i1 #bjad ,mr4  
,paulsen 7for himself1 ,mr4 ,schock1 and
 ,mr4 ,kind7 introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to increase the         
alternative tax liability limitation for
 small property and casualty insurance  
companies4  #a4 ,increase in limitation 
for alternative tax liability for small 
property and casualty insurance         
companies  7a7 ,in ,general ,clause 7i7 
of section #hca7;b77#b77;,a7 of the     
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7i7 the net
 written premiums 7or1 if greater1      
direct written premiums7 for the taxable
 year do not exceed #b1jbe1jjj1 and  4  
7b7 ,inflation ,adjustment ,paragraph   
7#b7 of section #hca7;b7 of such ,code  
is amended by adding at the end the     
following new subparagraph3  7,c7       

,inflation adjustment ,in the case of   
any taxable year beginning in a calendar
 year after #bjad1 the dollar amount set
 forth in subparagraph 7,a7 shall be    
increased by an amount equal to--  7i7  
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for such      
calendar year by substituting calendar  
year #bjac for calendar year #aiib in   
subparagraph 7,b7 thereof4  ,if the     
amount as adjusted under the preceding  
sentence is not a multiple of #a1jjj1   
such amount shall be rounded to the next
 lowest multiple of #a1jjj4  4  7c7     
,effective ,date ,the amendments made by
 this section shall apply to taxable    
years beginning after ,december #ca1    
#bjac4