26 U.S.C. § 812
§ 812. Definition of company’s share and policyholder’s share
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1984 by the Deficit Reduction Act of 1984. Last changed December 22, 2017 by the Tax Cuts and Jobs Act (2017).
Every change, newest first (9)
- December 22, 2017Tax Cuts and Jobs Act (2017)
- December 19, 2014Tax Increase Prevention Act of 2014
- April 10, 2004Public Law 108-218
- August 5, 1997Taxpayer Relief Act of 1997
- August 20, 1996Small Business Job Protection Act of 1996
- November 10, 1988Technical and Miscellaneous Revenue Act of 1988
- December 22, 1987Omnibus Budget Reconciliation Act of 1987
- October 22, 1986Tax Reform Act of 1986
- July 18, 1984Deficit Reduction Act of 1984 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
(a) Company’s share
For purposes of section 805(a)(4), the term “company’s share” means, with respect to any taxable year beginning after December 31, 2017, 70 percent.
(b) Policyholder’s share
For purposes of section 807, the term “policyholder’s share” means, with respect to any taxable year beginning after December 31, 2017, 30 percent.