S. 773Senate110th Congress (2007-2009)In Committee

A bill to amend the Internal Revenue Code of 1986 to allow Federal civilian and military retirees to pay health insurance premiums on a pretax basis and to allow a deduction for TRICARE supplemental premiums.

Introduced March 6, 2007

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2710-2711)

March 6, 2007

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SenateIntro Referral

Introduced in Senate

March 6, 2007

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2710)

March 6, 2007

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2710-2711)

March 6, 2007

Floor Debate

16 members

What members said about S. 773 on the floor

4 Republicans12 Democrats
Richard Burr
Sen. Richard BurrR-NC · Mar 6, 2007

Mr. President, I wish to talk about education, something many in this body take very seriously. I rise today to address the Nation's dropout crisis. Each day that our schools are open, approximately…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Mar 6, 2007

Mr. President, one of the most profound economic shifts of the past century has been the entry of women into the workforce in tremendous numbers. In 1900, women made up only 18.4 percent of the…

Larry E. Craig
Sen. Larry E. CraigR-ID · Mar 6, 2007

Mr. President, today I am reintroducing the Withholding Tax Relief Act of 2007, which would repeal Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005. Last year, Congress…

Ken Salazar
Sen. Ken SalazarD-CO · Mar 6, 2007

Mr. President, today I am introducing the Troops to Teachers Improvement Act of 2007, which will help more of our veterans and service members find second careers in our classrooms. This bill will…

Tom Harkin
Sen. Tom HarkinD-IA · Mar 6, 2007

Mr. President, our Nation faces a public health crisis of the first order. Poor diet and physical inactivity are contributing to growing rates of chronic disease in the U.S. These problems do not…

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John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Mar 6, 2007

Mr. President, I am proud today to join with my colleagues, Senator Kohl, Senator Coleman, Senator Feingold, and Senator Vitter, to introduce the Railroad Antitrust Enforcement Act of 2007. If…

Barack Obama
Sen. Barack ObamaD-IL · Mar 6, 2007

Mr. President, 33 years ago, this Nation faced a crisis that touched every American. In 1973, in the shadow of a war against Israel, the Arab nations of OPEC decided to embargo shipments of crude oil…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Mar 6, 2007

Mr. President, I rise today, together with my colleague Senator Lieberman, to introduce the Telecommuter Tax Fairness Act of 2007. The Telecommuter Tax Fairness Act of 2007 will end an outdated legal…

Herb Kohl
Sen. Herb KohlD-WI · Mar 6, 2007

Mr. President, as Chairman of the Senate Antitrust Subcommittee, I believe it is my role to investigate and help end-- monopolistic practices that exploit American consumers. In that spirit, I rise…

Thomas R. Carper
Sen. Thomas R. CarperD-DE · Mar 6, 2007

Mr. President, today I join my good friend, Sen. George Voinovich, in introducing a bill to study the current state and future needs of our national infrastructure, including rail, airports,…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Mar 6, 2007

Mr. President, I come before the Senate today to re- introduce--with some changes--a bill that I first introduced on April 6, 2004, in the 108th Congress and which I reintroduced in the 109th…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Mar 6, 2007

Mr. President, I rise today to reintroduce the Paycheck Fairness Act in recognition of Women's History Month. I'd like to thank my colleagues Senators Kennedy, Harkin, Boxer, Cantwell, Dodd,…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Mar 6, 2007

Mr. President, Senator Feingold and I have in the past sponsored the Transparency for Independent Livestock Producers Act, or what we have generally referred to as the ``Transparency Act.'' Today we…

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John Warner
Sen. John WarnerR-VA · Mar 6, 2007

Mr. President, I rise today to introduce legislation to provide some relief for our Nation's retired Federal employees from the severe increases in Federal Employee Health Benefit program (FEHBP)…

John Warner
Sen. John WarnerR-VA · Mar 6, 2007

Mr. President, I rise today to introduce legislation to provide some relief for our Nation's retired Federal employees from the severe increases in Federal Employee Health Benefit program (FEHBP)…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 6, 2007

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Harry Reid
Sen. Harry ReidD-NV · Mar 6, 2007

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued March 6, 2007

II

110th CONGRESS

1st Session

S. 773

IN THE SENATE OF THE UNITED STATES

March 6, 2007

Mr. Warner (for himself, Mr. Rockefeller, Ms. Snowe, Ms. Collins, Mr. Lott, and Mr. Sununu) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to allow Federal civilian and military retirees to pay health insurance premiums on a pretax basis and to allow a deduction for TRICARE supplemental premiums.

1.

Pretax payment of health insurance premiums by Federal civilian and military retirees

(a)

In general

Subsection (g) of section 125 of the Internal Revenue Code of 1986 (relating to cafeteria plans) is amended by adding at the end the following new paragraph:

(5)

Health insurance premiums of Federal civilian and military retirees

(A)

FEHBP premiums

Nothing in this section shall prevent the benefits of this section from being allowed to an annuitant, as defined in paragraph (3) of section 8901, title 5, United States Code, with respect to a choice between the annuity or compensation referred to in such paragraph and benefits under the health benefits program established by chapter 89 of such title 5.

(B)

TRICARE premiums

Nothing in this section shall prevent the benefits of this section from being allowed to an individual receiving retired or retainer pay by reason of being a member or former member of the uniformed services of the United States with respect to a choice between such pay and benefits under the health benefits programs established by chapter 55 of title 10, United States Code.

.

(b)

Effective date

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

2.

Deduction for TRICARE supplemental premiums

(a)

In general

Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 (relating to additional itemized deductions for individuals) is amended by redesignating section 224 as section 225 and by inserting after section 223 the following new section:

224.

TRICARE supplemental premiums or enrollment fees

(a)

Allowance of deduction

In the case of an individual, there shall be allowed as a deduction the amounts paid during the taxable year by the taxpayer for insurance purchased as supplemental coverage to the health benefits programs established by chapter 55 of title 10, United States Code, for the taxpayer and the taxpayer’s spouse and dependents.

(b)

Coordination with medical deduction

Any amount allowed as a deduction under subsection (a) shall not be taken into account in computing the amount allowable to the taxpayer as a deduction under section 213(a).

.

(b)

Deduction allowed whether or not individual itemizes other deductions

Subsection (a) of section 62 of the Internal Revenue Code of 1986 (defining adjusted gross income) is amended by redesignating paragraph (19) (as added by section 703(a) of the American Jobs Creation Act of 2004) as paragraph (20) and by inserting after paragraph (20) (as so redesignated) the following new paragraph:

(21)

TRICARE supplemental premiums or enrollment fees

The deduction allowed by section 224.

.

(c)

Clerical amendment

The table of sections for part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by striking the last item and inserting the following new items:

Sec. 224. TRICARE supplemental premiums or enrollment fees.

Sec. 225. Cross reference.

.

(d)

Effective date

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

3.

Implementation

(a)

FEHBP premium conversion option for Federal civilian retirees

The Director of the Office of Personnel Management shall take such actions as the Director considers necessary so that the option made possible by section 125(g)(5)(A) of the Internal Revenue Code of 1986 shall be offered beginning with the first open enrollment period, afforded under section 8905(g)(1) of title 5, United States Code, which begins not less than 90 days after the date of the enactment of this Act.

(b)

TRICARE premium conversion option for military retirees

The Secretary of Defense, after consulting with the other administering Secretaries (as specified in section 1073 of title 10, United States Code), shall take such actions as the Secretary considers necessary so that the option made possible by section 125(g)(5)(B) of the Internal Revenue Code of 1986 shall be offered beginning with the first open enrollment period afforded under health benefits programs established under chapter 55 of such title, which begins not less than 90 days after the date of the enactment of this Act.