tentative LICTI
Defined in 2 places of the United States Code.
For purposes of this paragraph, in the case of a prior taxable year beginning before January 1, 1984, the term “tentative LICTI” means life insurance company taxable income determined under this part (as in effect for such year) without regard to this paragraph.
Source
- 1994–present26 U.S.C. § 814Internal Revenue Code · Contiguous country branches of domestic life insurance companies · for purposes of this section
The term “tentative LICTI” means life insurance company taxable income determined without regard to the small life insurance company deduction.
Source
- 1994–present26 U.S.C. § 806Internal Revenue Code · Small life insurance company deduction · for purposes of this part