Health Savings Protection Act

Bill: 114-hr-4832
Sponsor: full_name: Rep. Boustany, Charles W., Jr. [R-LA-3]
Introduced: 2016-03-22
Policy area: Taxation
Subjects: Employee benefits and pensions

Health care costs and insurance

Sales and excise taxes

Wages and earnings
Latest action: action_date: 2016-03-22
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-03-22
action_desc: Introduced in House
text: <p><strong>Health Savings Protection Act</strong></p> <p>This bill amends the Internal Revenue Code to exempt from the excise tax on excess benefit employer-sponsored health care plans any amounts contributed to an Archer medical savings plan, a tax-exempt health savings account, or a health flexible spending arrangement by an employee or an employer through salary reduction contributions. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4832 IN THE HOUSE OF REPRESENTATIVES March 22, 2016 Mr. Boustany (for himself and Mr. Bera ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to exclude certain health arrangements from the excise tax on employer-sponsored health coverage.

1. Short title This Act may be cited as the Health Savings Protection Act . 2. Exclusion of certain health arrangements from employer-sponsored excise tax (a) In general Subparagraph (B) of section 4980I(d)(1) of the Internal Revenue Code of 1986 is amended by striking the period at the end of clause (iii) and inserting , or and by adding at the end the following new clause: (iv) any amounts contributed to an Archer MSA under section 106(b), a health savings account under section 106(d), or a health flexible spending arrangement— (I) by an employee, or (II) by an employer through salary reduction contributions. . (b) Conforming amendments (1) Section 4980I(d)(2)(B) of the Internal Revenue Code of 1986 is amended by striking shall be equal to the sum of and all that follows and inserting shall be equal to the amount determined under subparagraph (A) with respect to any reimbursement under the arrangement in excess of any employer contributions under any salary reduction election under the arrangement. . (2) Section 4980I(d)(2)(C) of such Code is amended by inserting (determined without regard to any employer contributions under any salary reduction election under the arrangement) before the period at the end. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2019.