# 26 U.S.C. § 801: Tax imposed Source: OLRC release point 119-134 . Cite pinpoints as 26 U.S.C. § 801(a)(1). ## § 801(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. ## § 801(b) Life insurance company taxable income For purposes of this part, the term “life insurance company taxable income” means— **§ 801(b)(1)** life insurance gross income, reduced by **§ 801(b)(2)** life insurance deductions. ## Regulations - [Treas. Reg. § 1.801-1](/26/reg/1.801-1.md): Definitions. (interprets § 801) - [Treas. Reg. § 1.801-2](/26/reg/1.801-2.md): Taxable years affected. (interprets § 801) - [Treas. Reg. § 1.801-3](/26/reg/1.801-3.md): Definitions. (interprets § 801) - [Treas. Reg. § 1.801-4](/26/reg/1.801-4.md): Life insurance reserves. (interprets § 801) - [Treas. Reg. § 1.801-5](/26/reg/1.801-5.md): Total reserves. (interprets § 801) - [Treas. Reg. § 1.801-6](/26/reg/1.801-6.md): Adjustments in reserves for policy loans. (interprets § 801) - [Treas. Reg. § 1.801-8](/26/reg/1.801-8.md): Contracts with reserves based on segregated asset accounts. (interprets § 801) ## Final rules - [85 FR 64386](https://www.federalregister.gov/documents/2020/10/13/2020-20144/computation-and-reporting-of-reserves-for-life-insurance-companies) (2020): Computation and Reporting of Reserves for Life Insurance Companies ## Leading cases - [United States v. Consumer Life Insurance Co., 430 U.S. 725 (1977)](https://www.courtlistener.com/opinion/109640/united-states-v-consumer-life-insurance-co/) - [Economy Finance Corp. v. United States, 501 F.2d 466 (7th Cir. 1974)](https://www.courtlistener.com/opinion/8906929/economy-finance-corp-v-united-states/) - [Harco Holdings v. United States, 977 F.2d 1027 (7th Cir. 1992)](https://www.courtlistener.com/opinion/593215/harco-holdings-incorporated-and-subsidiaries-v-united-states/) ## Proposed regulations (not in force) - [Prop. Treas. Reg. § 1.801-4](/26/prop/1.801-4_96-32855.md): Life insurance reserves. (REG-246018-96, proposed 1997-01-02) ## Connections Cites: § 11 Tax imposed Cited by: § 243 Dividends received by corporations; § 542 Definition of personal holding company; § 841 Credit for foreign taxes; § 1503 Computation and payment of tax; § 1504 Definitions; § 1563 Definitions and special rules ## Prior provisions - A prior section 801, added Pub. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 112; amended Pub. L. 87–858, § 3(a), Oct. 23, 1962, 76 Stat. 1134; Pub. L. 91–172, title I, § 121(b)(5)(B), Dec. 30, 1969, 83 Stat. 541; Pub. L. 93–406, title II, § 2002(g)(11), Sept. 2, 1974, 88 Stat. 970; Pub. L. 94–455, title XV, § 1505(a), title XIX, §§ 1901(c)(6), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1738, 1803, 1834; Pub. L. 95–600, title VII, § 703(j)(4), Nov. 6, 1978, 92 Stat. 2941, defined “life insurance company” and related terms, prior to the general revision of this part by Pub. L. 98–369, § 211(a). See section 816 of this title. - Another prior section 801, acts Aug. 16, 1954, ch. 736, 68A Stat. 255; Mar. 13, 1956, ch. 83, § 2, 70 Stat. 36, contained provisions similar to this section, prior to the the general revision of this part by Pub. L. 86–69, § 2(a). - A prior section 802, added Pub. L. 86–69, § 2(a), June 25, 1959, 73 Stat. 115; amended Pub. L. 87–858, § 3(b)(1), Oct. 23, 1962, 76 Stat. 1136; Pub. L. 88–272, title II, § 235(c)(1), Feb. 26, 1964, 78 Stat. 126; Pub. L. 91–172, title V, § 511(c)(1), Dec. 30, 1969, 83 Stat. 637; Pub. L. 94–455, title XIX, § 1901(a)(95), (b)(33)(E), Oct. 4, 1976, 90 Stat. 1780, 1801; Pub. L. 95–600, title III, § 301(b)(8), Nov. 6, 1978, 92 Stat. 2821, contained provisions similar to this section, prior to the general revision of this part by Pub. L. 98–369, § 211(a). - Another prior section 802, acts Aug. 16, 1954, ch. 736, 68A Stat. 255; Mar. 13, 1956, ch. 83, § 2, 70 Stat. 38; July 24, 1956, ch. 696, §§ 1, 2(b), 70 Stat. 633; Mar. 17, 1958, Pub. L. 85–345, §§ 1, 2(a), 72 Stat. 36, contained provision similar to this section, prior to the general revision of this part by Pub. L. 86–69, § 2(a). ## Amendments - 1984-07-18: [Pub. L. 98-369](/26/act/98-369.md), 98 Stat. 720 - 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2389 - 2017-12-22: [Pub. L. 115-97](/26/act/115-97.md), 131 Stat. 2096