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S. 910 (114th): An original bill to amend the Internal Revenue Code of 1986 to clarify the special rules for accident and health plans of certain governmental entities, and for other purposes.

The text of the bill below is as of Apr 14, 2015 (Placed on Calendar in the Senate).


II

Calendar No. 44

114th CONGRESS

1st Session

S. 910

[Report No. 114–21]

IN THE SENATE OF THE UNITED STATES

April 14, 2015

, from the Committee on Finance, reported the following original bill; which was read twice and placed on the calendar

A BILL

To amend the Internal Revenue Code of 1986 to clarify the special rules for accident and health plans of certain governmental entities, and for other purposes.

1.

Clarification of special rule for certain governmental plans

(a)

In general

Paragraph (1) of section 105(j) of the Internal Revenue Code of 1986 is amended—

(1)

by striking the taxpayer and inserting a qualified taxpayer, and

(2)

by striking deceased plan participant's beneficiary and inserting deceased employee's beneficiary (other than an individual described in paragraph (3)(B)).

(b)

Qualified taxpayer

Subsection (j) of section 105 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

(3)

Qualified taxpayer

For purposes of paragraph (1), with respect to an accident or health plan described in paragraph (2), the term qualified taxpayer means a taxpayer who is—

(A)

an employee, or

(B)

the spouse, dependent (as defined for purposes of subsection (b)), or child (as defined for purposes of such subsection) of an employee.

.

(c)

Application to political subdivisions of States

Paragraph (2) of section 105(j) of the Internal Revenue Code of 1986 is amended—

(1)

by inserting or established by or on behalf of a State or political subdivision thereof after public retirement system, and

(2)

by inserting or 501(c)(9) after section 115 in subparagraph (B).

(d)

Effective date

The amendments made by this section shall apply to payments after the date of the enactment of this Act.

2.

Increase in continuous levy for Medicare providers and suppliers

(a)

In general

Paragraph (3) of section 6331(h) of the Internal Revenue Code of 1986 is amended by striking 30 percent and inserting 35 percent.

(b)

Effective date

The amendment made by this section shall apply to payments made after 180 days after the date of the enactment of this Act.

April 14, 2015

Read twice and placed on the calendar