NU Online News Service, June 16, 2:08 p.m. EST

WASHINGTON—Legislation has been introduced in the House designed to update a tax break for small property and casualty insurers to provide for inflation.

The legislation, H.R. 2198, would update the current tax code to account for inflation. It was introduced by Rep. Erik Paulsen, R-Minn. and co-sponsors Rep. Joe Donnelly D-Ind. and Aaron Schock R-Ill.

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