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S 1335119th CongressIn Committee
Secure Family Futures Act of 2025
Introduced: Apr 8, 2025
Sponsor: Sen. Tillis, Thomas [R-NC] (R-North Carolina)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Amends tax code to exclude debt held by certain insurance companies from capital assets and extends capital loss carryovers from 5 to 10 years.
Key Points
- 1Excludes notes, bonds, debentures held by applicable insurance companies from capital asset definition
- 2Defines applicable insurance companies (excluding small mutual companies, foreign corps, etc.)
- 3Extends capital loss carryovers to 10 years for applicable insurance companies
- 4Applies to debt acquired after December 31, 2025
- 5Applies to net capital losses arising in tax years after December 31, 2025
- 6Aims to improve insurance company investment flexibility and stability
Impact Areas
Insurance industryTax policy for financial institutionsInvestment strategies for insurance companiesCapital marketsFederal revenue and tax code administration
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