S.Amdt. 2492
What it does: Adds SEC. __. REPEAL OF CERTAIN LIMITATIONS ON HEALTH CARE BENEFITS at the end of the bill
Sen. Kay Bailey Hutchison (R-TX)What it changes
1 change to S. 2237 · shown in the bill's text
Adds SEC. __. REPEAL OF CERTAIN LIMITATIONS ON HEALTH CARE BENEFITS at the end of the bill
Adds a sectionIn S. 2237 · Placed on Calendar Senate
(ii) multiplying the limitation under subparagraph (B)(ii) of such paragraph (as so in effect) by a fraction the numerator of which is the number of days in the taxable year after December 31, 2011, and the denominator of which is the number of days in the taxable year.
Inserted: SEC. __. REPEAL OF CERTAIN LIMITATIONS ON HEALTH CARE BENEFITS.
Inserted: (a) Repeal of Distributions for Medicine Qualified Only if for Prescribed Drug or Insulin.--
Inserted: (1) Hsas.--Section 223(d)(2)(A) of the Internal Revenue Code of 1986 is amended by striking the last sentence thereof.
Inserted: (2) Archer msas.--Section 220(d)(2)(A) of such Code is amended by striking the last sentence thereof.
Inserted: (3) Health flexible spending arrangements and health reimbursement arrangements.--Section 106 of such Code is amended by striking subsection (f).
Inserted: (4) Effective date.--
Inserted: (A) Distributions from savings accounts.--The amendments made by paragraphs (1) and (2) shall apply to amounts paid with respect to taxable years beginning after December 31, 2011.
Inserted: (B) Reimbursements.--The amendment made by paragraph (3) shall apply to expenses incurred with respect to taxable years beginning after December 31, 2011.
Inserted: (b) Repeal of Limitation on Health Flexible Spending Arrangements Under Cafeteria Plans.--
Inserted: (1) In general.--Section 106 of the Internal Revenue Code of 1986 is amended by striking subsection (i) and by redesignating subsections (j) and (k) as subsections (i) and (j), respectively.
Inserted: (2) Effective date.--The amendments made by this subsection shall apply to taxable years beginning after December 31, 2012.
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2492. Mrs. HUTCHISON submitted an amendment intended to be proposed by her to the bill S. 2237, to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. __. REPEAL OF CERTAIN LIMITATIONS ON HEALTH CARE BENEFITS.
(a) Repeal of Distributions for Medicine Qualified Only if for Prescribed Drug or Insulin.--
(1) Hsas.--Section 223(d)(2)(A) of the Internal Revenue Code of 1986 is amended by striking the last sentence thereof.
(2) Archer msas.--Section 220(d)(2)(A) of such Code is amended by striking the last sentence thereof.
(3) Health flexible spending arrangements and health reimbursement arrangements.--Section 106 of such Code is amended by striking subsection (f).
(4) Effective date.--
(A) Distributions from savings accounts.--The amendments made by paragraphs (1) and (2) shall apply to amounts paid with respect to taxable years beginning after December 31, 2011.
(B) Reimbursements.--The amendment made by paragraph (3) shall apply to expenses incurred with respect to taxable years beginning after December 31, 2011.
(b) Repeal of Limitation on Health Flexible Spending Arrangements Under Cafeteria Plans.--
(1) In general.--Section 106 of the Internal Revenue Code of 1986 is amended by striking subsection (i) and by redesignating subsections (j) and (k) as subsections (i) and (j), respectively.
(2) Effective date.--The amendments made by this subsection shall apply to taxable years beginning after December 31, 2012.
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Senate amendment submitted
July 10, 2012