skip to main content

H.R. 3507 (103rd): To amend the Internal Revenue Code of 1986 to provide a tax exemption for health risk pools.


The text of the bill below is as of Nov 15, 1993 (Introduced). The bill was not enacted into law.


HR 3507 IH

103d CONGRESS

1st Session

H. R. 3507

To amend the Internal Revenue Code of 1986 to provide a tax exemption for health risk pools.

IN THE HOUSE OF REPRESENTATIVES

November 15, 1993

Mr. PARKER (for himself, Mr. MONTGOMERY, Mr. WHITTEN, Mr. OBERSTAR, Mr. HANCOCK, Mr. JEFFERSON, Mr. PENNY, Mr. SABO, Mr. EMERSON, Mr. TAUZIN, Mr. LIVINGSTON, Mr. FIELDS of Louisiana, Mr. THOMPSON of Mississippi, Mr. TAYLOR of Mississippi, and Mr. POMEROY) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to provide a tax exemption for health risk pools.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) subsection (c) of section 501 of the Internal Revenue Code of 1986 (relating to list of exempt organizations) is amended by adding at the end thereof the following new paragraph:

      ‘(26) Any corporation, association, or similar legal entity which is created by any State or political subdivision thereof to establish a risk pool to provide health insurance coverage to any person unable to obtain health insurance coverage in the private insurance market because of health conditions and no part of the net earnings of which inures to the benefit of any private shareholder, member, or individual.’

    (b) The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1989.