Ax the Tax on Middle Class Americans' Health Plans Act

Bill: 114-hr-879
Sponsor: full_name: Rep. Guinta, Frank C. [R-NH-1]
Introduced: 2015-02-11
Policy area: Taxation
Subjects: Employee benefits and pensions

Health care costs and insurance

Personnel records

Sales and excise taxes

Tax administration and collection, taxpayers
Latest action: action_date: 2015-02-27
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2015-02-11
action_desc: Introduced in House
text: <p><strong>Ax the Tax on Middle Class Americans' Health Plans Act</strong></p> <p>This bill repeals, effective for taxable years beginning after 2017, the excise tax on the excess benefit portion of high-cost employer-sponsored health care plans (known as Cadillac plans). The reporting requirement for such plans is also repealed for calendar years beginning after 2014. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 879 IN THE HOUSE OF REPRESENTATIVES February 11, 2015 Mr. Guinta introduced the following bill; which was referred to the Committee on Ways and Means A BILL To repeal the Cadillac Tax on middle class Americans’ health plans.

1. Short title This Act may be cited as the Ax the Tax on Middle Class Americans’ Health Plans Act . 2. Repeal of the tax on employee health insurance premiums and health plan benefits and related reporting requirements (a) Excise tax Chapter 43 of the Internal Revenue Code of 1986 is amended by striking section 4980I. (b) Reporting requirement Section 6051(a) of such Code is amended by inserting and at the end of paragraph (12), by striking , and at the end of paragraph (13) and inserting a period, and by striking paragraph (14). (c) Clerical amendment The table of sections for chapter 43 of such Code is amended by striking the item relating to section 4980I. (d) Effective dates (1) In general Except as provided by paragraph (2), the amendments made by this section shall apply to taxable years beginning after December 31, 2017. (2) Reporting requirement The amendment made by subsection (b) shall apply to calendar years beginning after December 31, 2014.