Source: http://uscode.house.gov/view.xhtml?req=(title:26%20section:4980I%20edition:prelim)
Timestamp: 2018-12-11 01:12:10
Document Index: 83740256

Matched Legal Cases: ['§ 4980', '§9001', '§10901', '§1401', '§101', '§18001', '§11002', '§401', '§1395', '§401', '§401', '§18001', '§18001', '§101', '§102', '§1401', '§1401', '§1401', '§1401', '§1401', '§1401', '§1401', '§1401', '§10901', '§10901', '§10901', '§1401', '§101', '§9001', '§1401', '§101', '§4002']

[USC10] 26 USC 4980I: Excise tax on high cost employer-sponsored health coverage
<< Previous TITLE 26 / Subtitle D / CHAPTER 43 / § 4980I Next >>
26 USC 4980I: Excise tax on high cost employer-sponsored health coverage Text contains those laws in effect on December 9, 2018
The term "excess benefit" means, with respect to any applicable employer-sponsored coverage made available by an employer to an employee during any taxable period, the sum of the excess amounts determined under paragraph (2) for months during the taxable period.
The excess amount determined under this paragraph for any month is the excess (if any) of-
In the case of 2018, the dollar limit under this subparagraph is-
For purposes of clause (i), the health cost adjustment percentage is equal to 100 percent plus the excess (if any) of-
The amount determined under this subclause is an amount equal to the excess (if any) of-
In the case of an individual who is a qualified retiree or who participates in a plan sponsored by an employer the majority of whose employees covered by the plan are engaged in a high-risk profession or employed to repair or install electrical or telecommunications lines-
(II) the dollar amount in clause (i)(II) shall be increased by $3,450.
In the case of any calendar year after 2018, each of the dollar amounts under clauses (i) (after the application of clause (ii)) and (iv) shall be increased to the amount equal to such amount as determined for the calendar year preceding such year, increased by an amount equal to the product of-
(I) such amount as so determined, multiplied by
(II) the cost-of-living adjustment determined under section 1(f)(3) for such year (determined by substituting the calendar year that is 2 years before such year for "2016" in subparagraph (A)(ii) thereof), increased by 1 percentage point in the case of determinations for calendar years beginning before 2020.
For purposes of this subsection, the term "coverage provider" means each of the following:
For purposes of this subsection, a coverage provider's applicable share of an excess benefit for any taxable period is the amount which bears the same ratio to the amount of such excess benefit as-
The term "applicable employer-sponsored coverage" means, with respect to any employee, coverage under any group health plan made available to the employee by an employer which is excludable from the employee's gross income under section 106, or would be so excludable if it were employer-provided coverage (within the meaning of such section 106).
The term "applicable employer-sponsored coverage" shall not include-
In the case of applicable employer-sponsored coverage consisting of coverage under a flexible spending arrangement (as defined in section 106(c)(2)), the cost of the coverage shall be equal to the sum of-
(D) Qualified small employer health reimbursement arrangements
(E) Allocation on a monthly basis
The term "employee" includes any former employee, surviving spouse, or other primary insured individual.
If, for any taxable period, the tax imposed by subsection (a) exceeds the tax determined under such subsection with respect to the total excess benefit calculated by the employer or plan sponsor under subsection (c)(4)-
No penalty shall be imposed by paragraph (1)(B) on any such failure if-
The term "qualified retiree" means any individual who-
The term "employees engaged in a high-risk profession" means law enforcement officers (as such term is defined in section 1204 of the Omnibus Crime Control and Safe Streets Act of 1968), employees in fire protection activities (as such term is defined in section 3(y) of the Fair Labor Standards Act of 1938), individuals who provide out-of-hospital emergency medical care (including emergency medical technicians, paramedics, and first-responders), individuals whose primary work is longshore work (as defined in section 258(b) of the Immigration and Nationality Act (8 U.S.C. 1288(b)), determined without regard to paragraph (2) thereof), and individuals engaged in the construction, mining, agriculture (not including food processing), forestry, and fishing industries. Such term includes an employee who is retired from a high-risk profession described in the preceding sentence, if such employee satisfied the requirements of such sentence for a period of not less than 20 years during the employee's employment.
The term "group health plan" has the meaning given such term by section 5000(b)(1). Section 9831(d)(1) shall not apply for purposes of this section.
The term "health insurance coverage" has the meaning given such term by section 9832(b)(1) (applied without regard to subparagraph (B) thereof, except as provided by the Secretary in regulations).
The term "health insurance issuer" has the meaning given such term by section 9832(b)(2).
The term "person that administers the plan benefits" shall include the plan sponsor if the plan sponsor administers benefits under the plan.
The term "plan sponsor" has the meaning given such term in section 3(16)(B) of the Employee Retirement Income Security Act of 1974.
The term "taxable period" means the calendar year or such shorter period as the Secretary may prescribe. The Secretary may have different taxable periods for employers of varying sizes.
(10) Deductibility of tax
(Added and amended Pub. L. 111–148, title IX, §9001(a), title X, §10901(a), (b), Mar. 23, 2010, 124 Stat. 847 , 1015, 1016; Pub. L. 111–152, title I, §1401(a), Mar. 30, 2010, 124 Stat. 1059 ; Pub. L. 114–113, div. P, title I, §§101(b), 102, Dec. 18, 2015, 129 Stat. 3037 ; Pub. L. 114–255, div. C, title XVIII, §18001(a)(4), Dec. 13, 2016, 130 Stat. 1342 ; Pub. L. 115–97, title I, §11002(d)(12), Dec. 22, 2017, 131 Stat. 2062 ; Pub. L. 115–141, div. U, title IV, §401(a)(237), (238), Mar. 23, 2018, 132 Stat. 1195 .)
The Social Security Act, referred to in subsec. (f)(2)(C), is act Aug. 14, 1935, ch. 531, 49 Stat. 620 . Title XVIII of the Act is classified generally to subchapter XVIII (§1395 et seq.) of chapter 7 of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables.
Section 1204 of the Omnibus Crime Control and Safe Streets Act of 1968, referred to in subsec. (f)(3), is classified to section 10284 of Title 34, Crime Control and Law Enforcement.
2018-Subsec. (b)(3)(C)(iv)(II). Pub. L. 115–141, §401(a)(237), substituted period for comma at end.
Subsec. (b)(3)(C)(v). Pub. L. 115–141, §401(a)(238), substituted "determined for" for "determined for for" in introductory provisions.
2017-Subsec. (b)(3)(C)(v)(II). Pub. L. 115–97 substituted "for '2016' in subparagraph (A)(ii)" for "for '1992' in subparagraph (B)".
2016-Subsec. (d)(2)(D), (E). Pub. L. 114–255, §18001(a)(4)(B), added subpar. (D) and redesignated former subpar. (D) as (E).
Subsec. (f)(4). Pub. L. 114–255, §18001(a)(4)(A), inserted at end "Section 9831(d)(1) shall not apply for purposes of this section.".
2015-Subsec. (b)(3)(C)(v). Pub. L. 114–113, §101(b), substituted "as determined for" for "as in effect" in introductory provisions and "as so determined" for "as so in effect" in subcl. (I).
Subsec. (f)(10). Pub. L. 114–113, §102, amended par. (10) generally. Prior to amendment, text read as follows: "For denial of a deduction for the tax imposed by this section, see section 275(a)(6)."
2010-Subsec. (b)(3)(B). Pub. L. 111–152, §1401(a)(1), designated existing provisions as cl. (i), inserted heading, substituted "Except as provided in clause (ii), the annual" for "The annual", and added cl. (ii).
Subsec. (b)(3)(C). Pub. L. 111–152, §1401(a)(2)(A), struck out introductory provisions which read: "Except as provided in subparagraph (D)-".
Subsec. (b)(3)(C)(i). Pub. L. 111–152, §1401(a)(2)(B)(i), substituted "2018" for "2013" in heading and introductory provisions.
Subsec. (b)(3)(C)(i)(I). Pub. L. 111–152, §1401(a)(2)(B)(ii), substituted "$10,200 multiplied by the health cost adjustment percentage (determined by only taking into account self-only coverage)" for "$8,500".
Subsec. (b)(3)(C)(i)(II). Pub. L. 111–152, §1401(a)(2)(B)(iii), substituted "$27,500 multiplied by the health cost adjustment percentage (determined by only taking into account coverage other than self-only coverage)" for "$23,000".
Subsec. (b)(3)(C)(iv). Pub. L. 111–152, §1401(a)(2)(D), inserted "covered by the plan" after "whose employees" in introductory provisions, added subcls. (I) and (II), and struck out former subcls. (I) and (II) which read as follows:
"(I) the dollar amount in clause (i)(I) (determined after the application of subparagraph (D)) shall be increased by $1,350, and
"(II) the dollar amount in clause (i)(II) (determined after the application of subparagraph (D)) shall be increased by $3,000."
Subsec. (b)(3)(C)(v). Pub. L. 111–152, §1401(a)(2)(E)(i), (ii), substituted "2018" for "2013" and "clauses (i) (after the application of clause (ii)) and (iv)" for "clauses (i) and (ii)" in introductory provisions.
Subsec. (b)(3)(C)(v)(II). Pub. L. 111–152, §1401(a)(2)(E)(iii), inserted "in the case of determinations for calendar years beginning before 2020" after "1 percentage point".
Subsec. (d)(1)(B)(i). Pub. L. 111–148, §10901(b), substituted "section 9832(c)(1) (other than subparagraph (G) thereof)" for "section 9832(c)(1)(A)".
Subsec. (f)(3). Pub. L. 111–148, §10901(a), inserted "individuals whose primary work is longshore work (as defined in section 258(b) of the Immigration and Nationality Act (8 U.S.C. 1288(b)), determined without regard to paragraph (2) thereof)," before "and individuals engaged in the construction, mining".
Pub. L. 111–148, title X, §10901(c), Mar. 23, 2010, 124 Stat. 1016 , as amended by Pub. L. 111–152, title I, §1401(b)(2), Mar. 30, 2010, 124 Stat. 1060 ; Pub. L. 114–113, div. P, title I, §101(a), Dec. 18, 2015, 129 Stat. 3037 , provided that: "The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 2019."
Pub. L. 111–148, title IX, §9001(c), Mar. 23, 2010, 124 Stat. 853 , as amended by Pub. L. 111–152, title I, §1401(b)(1), Mar. 30, 2010, 124 Stat. 1060 ; Pub. L. 114–113, div. P, title I, §101(a), Dec. 18, 2015, 129 Stat. 3037 ; Pub. L. 115–120, div. D, §4002, Jan. 22, 2018, 132 Stat. 38 , provided that: "The amendments made by this section [enacting this section] shall apply to taxable years beginning after December 31, 2021."