,,ii ,calendar ,no4 #ci #aadth          
,,congress  #ast ,session  ,s4 #ije     
,report ,no4 #aad-af ,,in ,,the ,,senate
 ,,of ,,the ,,united ,,states  ,april   
#ad1 #bjae,mr4 ,hatch1 from the         
,committee on ,finance1 reported the    
following original bill2 which was read 
twice and placed on the calendar  ,a    
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to increase the         
limitation on eligibility for the       
alternative tax for certain small       
insurance companies4  #a4 ,increase in  
limitation on eligibility for           
alternative tax for certain small       
insurance companies  7a7 ,increase in   
limitation on premiums  7#a7 ,in general
 ,clause 7i7 of section                 
#hca7;b77#b77;,a7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking #a1bjj1jjj and inserting       
#b1bjj1jjj4  7#b7 ,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 #bjae1 the dollar   
amount set forth in subparagraph 7,a77i7
 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 
#ej1jjj1 such amount shall be rounded to
 the next lowest multiple of #ej1jjj4  4
  7b7 ,study ,not later than ,february  
#aa1 #bjaf1 the ,secretary of the       
,treasury shall submit to the ,committee
 on ,finance of the ,senate a report on 
the abuse of captive insurance companies
 for estate planning purposes4 ,such    
report shall include legislative        
recommendations for addressing any such 
abuses4  7c7 ,effective ,date ,the      
amendments made by this section shall   

apply to taxable years beginning after  
the date of the enactment of this ,act4 
#b4 ,increase in continuous levy  7a7   
,in general ,paragraph 7#c7 of section  
#fcca7;h7 of the ,internal ,revenue     
,code of #aihf is amended by striking   
#cj percent and inserting #de percent4  
7b7 ,effective date ,the amendment made 
by this section shall apply to payments 
made after #ahj days after the date of  
the enactment of this ,act4  ,april #ad1
 #bjae,read twice and placed on the     
calendar