II 

117TH CONGRESS 

2D SESSION S. 4267 

To amend the Internal Revenue Code of 1986 to create a tax credit for 

qualified health insurance premiums of eligible retired public safety officers, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MAY 19 (legislative day, MAY 17), 2022 

Mr. BENNET 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 create 

a tax credit for qualified health insurance premiums of 

eligible retired public safety officers, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Public Safety Officer 

5 Health Improvement Act of 2022’’. 


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1 SEC. 2. CREDIT FOR QUALIFIED HEALTH INSURANCE PRE2 MIUMS OF ELIGIBLE RETIRED PUBLIC SAFE3 TY OFFICERS. 

4 (a) IN GENERAL.—Subpart A of part IV of sub5 chapter A of chapter 1 of the Internal Revenue Code of 

6 1986 is amended by inserting after section 25D the fol7 lowing new section: 

8 ‘‘SEC. 25E. QUALIFIED HEALTH INSURANCE PREMIUMS OF 

9 ELIGIBLE RETIRED PUBLIC SAFETY OFFI10 CERS. 

11 ‘‘(a) ALLOWANCE OF CREDIT.—In the case of an in12 dividual who is an eligible retired public safety officer, 

13 there shall be allowed as a credit against the tax imposed 

14 by this chapter for the taxable year in an amount equal 

15 to so much of the amount paid by such individual for 

16 qualified health insurance premiums for such taxable year 

17 as does not exceed $4,800. 

18 ‘‘(b) DEFINITIONS.—For purposes of this section— 

19 ‘‘(1) ELIGIBLE RETIRED PUBLIC SAFETY OFFI20 CER.—The term ‘eligible retired public safety officer’ 

21 has the meaning given such term by section 

22 402(l)(4)(B), except that such term shall not include 

23 any individual who has attained age 65. 

24 ‘‘(2) QUALIFIED HEALTH INSURANCE PRE25 MIUMS.—The term ‘qualified health insurance preVerDate Sep 11 2014 21:45 May 27, 2022 Jkt 029200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S4267.IS S4267

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1 miums’ has the meaning given such term by section 

2 402(l)(4)(D). 

3 ‘‘(c) ADJUSTMENT FOR INFLATION.—In the case of 

4 a taxable year beginning after December 31, 2023, the 

5 $4,800 amount in subsection (a) shall be increased by an 

6 amount equal to— 

7 ‘‘(1) such amount, multiplied by 

8 ‘‘(2) the cost-of-living adjustment determined 

9 under section 1(f)(3) for the calendar year in which 

10 the taxable year begins, determined by substituting 

11 ‘2022’ for ‘2016’ in subparagraph (A)(ii) thereof. 

12 If any amount as adjusted under the preceding sentence 

13 is not a multiple of $5, such amount shall be rounded to 

14 the next lowest multiple of $5. 

15 ‘‘(d) DENIAL OF DOUBLE BENEFIT.—No credit shall 

16 be allowed under this section for a taxable year if the indi17 vidual (or the individual’s spouse) has made the election 

18 described in paragraph (6) of section 402(l) for such tax19 able year.’’. 

20 (b) CLERICAL AMENDMENT.—The table of sections 

21 for subpart A of part IV of subchapter A of chapter 1 

22 of the Internal Revenue Code of 1986 is amended by in23 serting after the item relating to section 25D the following 

24 new item: 

‘‘Sec. 25E. Qualified health insurance premiums of eligible retired public safety 

officers.’’. 


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1 (c) EFFECTIVE DATE.—The amendments made by 

2 this section shall apply to taxable years beginning after 

3 December 31, 2022. 

4 SEC. 3. ADJUSTMENT FOR INFLATION OF EXCLUSION OF 

5 DISTRIBUTIONS FOR QUALIFIED HEALTH IN6 SURANCE PREMIUMS OF ELIGIBLE RETIRED 

7 PUBLIC SAFETY OFFICERS. 

8 (a) IN GENERAL.—Paragraph (5) of section 402(l) 

9 of the Internal Revenue Code of 1986 is amended by add10 ing at the end the following new subparagraph: 

11 ‘‘(C) ADJUSTMENT FOR INFLATION.—In 

12 the case of a taxable year beginning after De13 cember 31, 2023, the $3,000 amount in para14 graph (2) shall be increased by an amount 

15 equal to— 

16 ‘‘(i) such amount, multiplied by 

17 ‘‘(ii) the cost-of-living adjustment de18 termined under section 1(f)(3) for the cal19 endar year in which the taxable year be20 gins, determined by substituting ‘2022’ for 

21 ‘2016’ in subparagraph (A)(ii) thereof. 

22 If any amount as adjusted under the preceding 

23 sentence is not a multiple of $5, such amount 

24 shall be rounded to the next lowest multiple of 

25 $5.’’. 


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1 (b) EFFECTIVE DATE.—The amendment made by 

2 this section shall apply to taxable years beginning after 

3 December 31, 2022. 

Æ 


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