Internal Revenue Code · 26 U.S.C.
§ 803. Life insurance gross income
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 803
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Added
- July 18, 1984 by Pub. L. 98–369
- Length
- 2 subsections · 231 words · about 1 min to read
- Defines
- 3 terms
- Cross-references
- cites 1; cited by 4 Code sections and 14 other regulations
Each net decrease in reserves which is required by section 807(a) to be taken into account under this paragraph.
All amounts not includible under paragraph (1) or (2) which under this subtitle are includible in gross income.
Except as provided in subparagraph (B), the term “return premiums” does not include any policyholder dividends.
Subparagraph (A) shall not apply to amounts of premiums or other consideration returned to another life insurance company in respect of indemnity reinsurance.
(Added Pub. L. 98–369, div. A, title II, § 211(a), July 18, 1984, 98 Stat. 721.)
Terms defined here
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Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited by 4 Code sections
- § 59A(c)(2)(A)(iii)(I) Tax on base erosion payments of taxpayers with substantial gross receipts
- § 807(a)(2)(B) Rules for certain reserves
- § 848(d)(1)(B) Capitalization of certain policy acquisition expenses
- § 953(b)(2)(A) Insurance income
Cited in 14 regulations not issued under it
- § 1.46-8 Requirements for taxpayers electing additional one-percent investment credit (TRASOP's).
- § 1.59A-0 Table of contents.
- § 1.59A-2 Applicable taxpayer.
- § 1.59A-3 Base erosion payments and base erosion tax benefits.
- § 1.594-1 Mutual savings banks conducting life insurance business.
- § 1.801-1 Definitions.
- § 1.818-6 Transitional rule for change in method of accounting.
- § 1.822-3 Amortization of premium and accrual of discount.
- § 1.832-1 Gross income.
- § 1.832-4 Gross income.
- § 1.848-3 Interim rules for certain reinsurance agreements.
- § 1.861-8 Computation of taxable income from sources within the United States and from other sources and activities.
- § 54.4975-11 “ESOP” requirements.
- § 301.9100-7T Time and manner of making certain elections under the Tax Reform Act of 1986.
Amendment history
From the source credit and the official notes, newest first.
- Added by Pub. L. 98–369
Where it sits in the Code
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Prior Provisions
A prior section 803, acts Aug. 16, 1954, ch. 736, 68A Stat. 256; Mar. 13, 1956, ch. 83, § 2, 70 Stat. 39, related to income and deductions in the case of life insurance companies, prior to the general revision of this part by Pub. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 112.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to taxable years beginning after Dec. 31, 1983, see section 215 of Pub. L. 98–369, set out as a note under section 801 of this title.