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H.R. 4897: Public Safety Retirees Healthcare Protection Act


The text of the bill below is as of Oct 29, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 4897

IN THE HOUSE OF REPRESENTATIVES

October 29, 2019

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 increase the amount excluded from gross income by reason of distributions from governmental retirement plans for health and long-term care insurance for public safety officers.

1.

Short title

This Act may be cited as the Public Safety Retirees Healthcare Protection Act.

2.

Increase in amount excluded from gross income by reason of distributions from governmental retirement plans for health and long-term care insurance for public safety officers

(a)

In general

Paragraph (2) of section 402(l) of the Internal Revenue Code of 1986 is amended by striking $3,000 and inserting $6,000.

(b)

Effective date

The amendment made by paragraph (1) shall apply to distributions in taxable years beginning after December 31, 2019.