Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 801
Tax imposed
Official textgovinfo.govlast amended
# (a) Tax imposed
A tax is hereby imposed for each taxable year on the life insurance company taxable income of every life insurance company. Such tax shall consist of a tax computed as provided in section 11 as though the life insurance company taxable income were the taxable income referred to in section 11.
# (b) Life insurance company taxable income
For purposes of this part, the term "life insurance company taxable income" means— (1) life insurance gross income, reduced by (2) life insurance deductions.
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