Mr. President,

Your Committee on Ways and Means has the honor to report back for the consideration and approval of this august body, Senate Bill No. 3502 under Committee Report 724 entitled “An Act Reducing the Tax Insurance Premium Under Certain Conditions, Amending for this Purpose Section 123 of the National Internal Revenue Code as Amended.” The Committee Bill, which is a product of two public hearings on Aug. 11, 2009 and Sept. 1, 2009 respectively is in substitution of the following measures:  Continue reading “Sponsorship Speech for SB 3502 (Reducing the Tax Insurance Premium Under Certain Conditions)” →