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S. 19: Territory Health Insurance Tax Relief Act of 2019


The text of the bill below is as of Jan 3, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 19

IN THE SENATE OF THE UNITED STATES

January 3, 2019

introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To exempt health insurance of residents of United States territories from the annual fee on health insurance providers.

1.

Short title

This Act may be cited as the Territory Health Insurance Tax Relief Act of 2019.

2.

Health insurance of residents of United States territories exempt from annual fee on health insurance providers

(a)

In general

Section 9010(b) of the Patient Protection and Affordable Care Act is amended by adding at the end the following new paragraph:

(4)

Exception for health insurance of residents of United States territories

(A)

In general

Solely for purposes of paragraph (1)(A), the term United States health risk shall not include the health risk of any individual who is a bona fide resident of Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, or the Virgin Islands (as determined under section 937(a)).

(B)

Exception not to increase fee allocation

The amount determined under paragraph (1)(B) shall be determined without regard to subparagraph (A) of this paragraph.

.

(b)

Reporting

Section 9010(g)(1) of the Patient Protection and Affordable Care Act is amended by inserting (and the amount of such net premiums to which subsection (b)(4)(A) applies) before the period at the end.

(c)

Effective date

(1)

In general

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

(2)

Transitional rule for reporting

For purposes of applying the amendment made by subsection (a) with respect to the first calendar year beginning after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary’s designee) shall provide a method for covered entities to report the information described in the amendment made by subsection (b) for the calendar year which precedes such first calendar year.