H.R. 4897 - Public Safety Retirees Healthcare Protection Act
H.R. 4897; Public Safety Retirees Healthcare Protection Act
- AuthorsLipinski, Rep. Daniel
- Institutional AuthorsU.S. House of Representatives
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsHealth careInsurance
- Jurisdictions
- Tax Analysts Document Number2019-41986
- Tax Analysts Electronic Citation2019 TNTF 214-32
116TH CONGRESS
1ST SESSION
H.R. 4897
To amend the Internal Revenue Code of 1986 to increase
the amount excluded from gross income by reason of distributions
from governmental retirement plans for health and long-term
care insurance for public safety officers.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 29, 2019
Mr. LIPINSKI 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 increase the amount excluded from gross income by reason of distributions from governmental retirement plans for health and long-term care insurance for public safety officers.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the "Public Safety Retirees Healthcare Protection Act".
SEC. 2. INCREASE IN AMOUNT EXCLUDED FROM GROSS INCOME BY REASON OF DISTRIBUTIONS FROM GOVERNMENTAL RETIREMENT PLANS FOR HEALTH AND LONG-TERM CARE INSURANCE FOR PUBLIC SAFETY OFFICERS.
(a) IN GENERAL. — Paragraph (2) of section 402(l) of the Internal Revenue Code of 1986 is amended by striking "$3,000" and inserting "$6,000".
(b) EFFECTIVE DATE. — The amendment made by paragraph (1) shall apply to distributions in taxable years beginning after December 31, 2019.
- AuthorsLipinski, Rep. Daniel
- Institutional AuthorsU.S. House of Representatives
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsHealth careInsurance
- Jurisdictions
- Tax Analysts Document Number2019-41986
- Tax Analysts Electronic Citation2019 TNTF 214-32