SCHEDULES

SCHEDULE 23Insurance companies

Apportionment: foreign business assets

5

1

Section 432E of ICTA (section 432B apportionment: participating funds) is amended as follows.

2

In subsection (3)(a), omit “and foreign business assets”.

3

In subsection (4), in the definition of “A”, omit “and foreign business assets”.

4

In subsection (4A), omit “or foreign business assets”.