H.R. 3211 (103rd): To amend the Internal Revenue Code of 1986 to provide for a temporary delay in the requirement ...

...to pay certain premiums under the Coal Industry Retiree Health Benefit Act of 1992.

103rd Congress, 1993–1994. Text as of Oct 05, 1993 (Introduced).

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HR 3211 IH

103d CONGRESS

1st Session

H. R. 3211

To amend the Internal Revenue Code of 1986 to provide for a temporary delay in the requirement to pay certain premiums under the Coal Industry Retiree Health Benefit Act of 1992.

IN THE HOUSE OF REPRESENTATIVES

October 5, 1993

Mr. PICKLE (for himself, Mr. ARCHER, Mr. PAYNE of Virginia, Mr. ANDREWS of Texas, Mr. HOUGHTON, Mr. MCCRERY, Mrs. JOHNSON of Connecticut, and Mr. JEFFERSON) introduced the following bill; which was referred jointly to the Committees on Ways and Means and Education and Labor


A BILL

To amend the Internal Revenue Code of 1986 to provide for a temporary delay in the requirement to pay certain premiums under the Coal Industry Retiree Health Benefit Act of 1992.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. TEMPORARY DELAY IN CERTAIN PREMIUMS.

    (a) GENERAL RULE- Paragraph (1) of section 9704(g) of the Internal Revenue Code of 1986 (relating to payment of premiums) is amended by striking the last sentence and inserting the following: ‘Notwithstanding subsection (a), no premium shall be required under such subsection for the plan year beginning February 1, 1993, nor for the plan year beginning October 1, 1993, but the amount of the annual premiums which, but for this sentence, would have been required for such plan years shall be added to the premium for the plan year beginning October 1, 1994.’.

    (b) SPECIAL RULES FOR DEFERRAL PERIOD-

      (1) IN GENERAL- Subparagraph (A) of section 9704(i)(1) of such Code is amended--

        (A) by adding at the end thereof the following new sentence: ‘During the plan year of the Combined Fund beginning October 1, 1993, the 1988 agreement operators shall make contributions to the Combined Fund in amounts necessary to pay benefits and administrative costs of the Combined Fund incurred during such year, reduced by the amount transferred to the Combined Fund under section 9705(a) on October 1, 1993, and the amount transferred to such Fund pursuant to the last sentence of section 9705(a)(1).’, and

        (B) by amending the subparagraph heading to read as follows:

        ‘(A) INITIAL PERIOD COSTS- ’.

      (2) SPECIAL RULE- Clause (i) of section 9704(i)(1)(D) of such Code is amended to read as follows:

          ‘(i) INITIAL PERIOD PAYMENTS- In the case of a 1988 agreement operator making contributions under subparagraph (A), the premium of such operator under subsection (a) shall be reduced by the amount paid under subparagraph (A) by such operator. If such 1988 agreement operator is not assessed an annual premium under subsection (a), then the amount paid by such operator under subparagraph (A) for the plan year beginning October 1, 1993, shall be transferred on October 1, 1994, to the United Mine Workers of America 1992 Benefit Plan and credited against such operator’s future liabilities to such 1992 Benefit Plan.’.

    (c) EARLIER TRANSFER OF ASSETS- Paragraph (1) of section 9705(a) of such Code is amended--

      (1) by striking ‘$70,000,000’ in subparagraph (C) and inserting ‘$20,000,000’, and

      (2) by adding at the end thereof the following new sentence:

      ‘As soon as practicable after the date of the enactment of this sentence, such board of trustees shall transfer $50,000,000 from the funds so reserved to the Combined Fund.’.

    (d) EFFECTIVE DATE- The amendments made by this section shall take effect on October 1, 1993.