S.Amdt. 3602
What it does: Adds SEC. 14__. REPEAL OF ADDITIONAL TAX FROM DISTRIBUTIONS FROM HSAS AND MSAS at the end of subtitle E of title I
Sen. John Ensign (R-NV)What it changes
1 change to H.R. 4872 · shown in the bill's text
Adds SEC. 14__. REPEAL OF ADDITIONAL TAX FROM DISTRIBUTIONS FROM HSAS AND MSAS at the end of subtitle E of title I
Adds a sectionIn H.R. 4872 · Placed on Calendar Senate
The percentage under paragraph (1) of section 202(b) of the Corporate Estimated Tax Shift Act of 2009 in effect on the date of the enactment of this Act is increased by 15.75 percentage points.
Inserted: SEC. 14__. REPEAL OF ADDITIONAL TAX FROM DISTRIBUTIONS FROM HSAS AND MSAS.
Inserted: (a) HSAs.--Section 223(f)(4)(A) of the Internal Revenue Code of 1986, as amended by section 9004 of the Patient Protection and Affordable Care Act, is amended by striking "20 percent" and inserting "10 percent".
Inserted: (b) Archer MSAs.--Section 220(f)(4)(A) of the Internal Revenue Code of 1986, as amended by section 9004 of the Patient Protection and Affordable Care Act, is amended by striking "20 percent" and inserting "15 percent".
Inserted: (c) Effective Date.--The amendments made by this section shall apply to distributions made after December 31, 2010.
Original wording
At the end of subtitle E of title I, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3602. Mr. ENSIGN submitted an amendment intended to be proposed by him to the bill H.R. 4872, to provide for reconciliation pursuant to Title II of the concurrent resolution on the budget for fiscal year 2010 (S. Con. Res. 13); which was ordered to lie on the table; as follows:
At the end of subtitle E of title I, add the following:
SEC. 14__. REPEAL OF ADDITIONAL TAX FROM DISTRIBUTIONS FROM HSAS AND MSAS.
(a) HSAs.--Section 223(f)(4)(A) of the Internal Revenue Code of 1986, as amended by section 9004 of the Patient Protection and Affordable Care Act, is amended by striking “20 percent” and inserting “10 percent”.
(b) Archer MSAs.--Section 220(f)(4)(A) of the Internal Revenue Code of 1986, as amended by section 9004 of the Patient Protection and Affordable Care Act, is amended by striking “20 percent” and inserting “15 percent”.
(c) Effective Date.--The amendments made by this section shall apply to distributions made after December 31, 2010.
Legislative Activity
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Senate amendment submitted
March 24, 2010