# 94-hr-10051: An Act to amend section 815 of the Internal Revenue Code to allow a life insurance company to disregard (for purposes of that section) a distribution during the last month of its taxable year, determined to have been made out of the policyholders surplus account, if such distribution is returned to the company not later than the due date for filing its income tax return (including extensions thereof) for that year, and for other purposes.

94-hr-10051, An Act to amend section 815 of the Internal Revenue Code to allow a life insurance company to disregard (for purposes of that section) a distribution during the last month of its taxable year, determined to have been made out of the policyholders surplus account, if such distribution is returned to the company not later than the due date for filing its income tax return (including extensions thereof) for that year, and for other purposes., is a 94th Congress bill sponsored by Rep. Waggonner, Joe D., Jr. [D-LA-4] (D-LA); status Public law 94-331. (as of 2025-10-20).

- Canonical: https://policyrisk.com/legislation/94-hr-10051
- As of: 2025-10-20
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 94-hr-10051
- Congress: 94
- Title: An Act to amend section 815 of the Internal Revenue Code to allow a life insurance company to disregard (for purposes of that section) a distribution during the last month of its taxable year, determined to have been made out of the policyholders surplus account, if such distribution is returned to the company not later than the due date for filing its income tax return (including extensions thereof) for that year, and for other purposes.
- Status: Public law 94-331.
- Introduced: 1975-10-06
- Sponsor: Rep. Waggonner, Joe D., Jr. [D-LA-4] (D-LA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-10-20

## Summary

An Act to amend section 815 of the Internal Revenue Code to allow a life insurance company to disregard (for purposes of that section) a distribution during the last month of its taxable year, determined to have been made out of the policyholders surplus account, if such distribution is returned to the company not later than the due date for filing its income tax return (including extensions thereof) for that year, and for other purposes.

## Related bills

- 94-sjres-48: Joint resolution to amend the Defense Production Act of 1950, as amended, and for other purposes.
- 94-sjres-92: Joint resolution to honor America.
- 94-sjres-94: A joint resolution to extend by ninety days the expiration date of the Defense Production Act of 1950 and to extend the funding of the National Commission on P…
- 94-sjres-98: An Act to provide that the flag of the United States of America may be flown for twenty-four hours of each day in Valley Forge State Park, Valley Forge, Pennsy…
- 94-sjres-102: An original joint resolution amending section 5(c) of the Home Owner's Loan Act of 1933 to clarify the authority of Federal savings and loan associations to ac…
- 94-sjres-41: A joint resolution to provide for the reappointment of Thomas J. Watson, Jr., as citizen regent of the Board of Regents of the Smithsonian Institution.

## Sources
- [94-hr-10051 on Congress.gov](https://www.congress.gov/bill/94th-congress/house-bill/10051)

## Related
- [94-sjres-48: Joint resolution to amend the Defense Production Act of 1950, as amended, and f…](https://policyrisk.com/legislation/94-sjres-48)
- [94-sjres-92: Joint resolution to honor America.](https://policyrisk.com/legislation/94-sjres-92)
- [94-sjres-94: A joint resolution to extend by ninety days the expiration date of the Defense…](https://policyrisk.com/legislation/94-sjres-94)
- [94-sjres-98: An Act to provide that the flag of the United States of America may be flown fo…](https://policyrisk.com/legislation/94-sjres-98)
- [94-sjres-102: An original joint resolution amending section 5(c) of the Home Owner's Loan Act…](https://policyrisk.com/legislation/94-sjres-102)
- [94-sjres-41: A joint resolution to provide for the reappointment of Thomas J. Watson, Jr., a…](https://policyrisk.com/legislation/94-sjres-41)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/94-hr-10051 (as of 2025-10-20).