Source: http://www4.law.cornell.edu/uscode/text/26/4980G?quicktabs_8=1
Timestamp: 2013-12-11 07:34:27
Document Index: 203969102

Matched Legal Cases: ['§ 4980', '§ 4980', '§ 4980', '§ 1201', '§ 306', '§ 306']

26 USC § 4980G - Failure of employer to make comparable health savings account contributions | Title 26 - Internal Revenue Code | U.S. Code | LII / Legal Information Institute
USC › Title 26 › Subtitle D › Chapter 43 › § 4980G	prevnext
26 USC § 4980G - Failure of employer to make comparable health savings account contributions
General rule In the case of an employer who makes a contribution to the health savings account of any employee during a calendar year, there is hereby imposed a tax on the failure of such employer to meet the requirements of subsection (b) for such calendar year.
Rules and requirements Rules and requirements similar to the rules and requirements of section 4980E shall apply for purposes of this section.
Regulations The Secretary shall issue regulations to carry out the purposes of this section, including regulations providing special rules for employers who make contributions to Archer MSAs and health savings accounts during the calendar year.
Exception For purposes of applying section 4980E to a contribution to a health savings account of an employee who is not a highly compensated employee (as defined in section 414
(q)), highly compensated employees shall not be treated as comparable participating employees.
(Added Pub. L. 108–173, title XII, § 1201(d)(4)(A),Dec. 8, 2003, 117 Stat. 2478; amended Pub. L. 109–432, div. A, title III, § 306(a),Dec. 20, 2006, 120 Stat. 2951.)
2006—Subsec. (d). Pub. L. 109–432added subsec. (d).
Pub. L. 109–432, div. A, title III, § 306(b),Dec. 20, 2006, 120 Stat. 2951, provided that: “The amendment made by this section [amending this section] shall apply to taxable years beginning after December 31, 2006.”