A bill to amend the Internal Revenue Code of 1986 to allow a deduction for the payment of premiums for high deductible health plans, to allow a credit for certain employment taxes paid with respect to premiums for high deductible health plans and contributions to health savings accounts, and for other purposes.

Fact Sheet API

Bill Number

S 2494

Introduced

Apr 3, 2006

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Finance and Financial Sector Health Health insurance Income tax Insurance premiums Medical savings accounts Social security taxes Social Welfare Tax credits Tax deductions Tax exclusion Tax rates Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow: (1) a tax deduction from gross income (available to taxpayers who do not itemize deductions) for insurance premiums for high deductible health plans; and (2) a tax credit for certain employment taxes related to premiums for high deductible health plans and contributions to health savings accounts.

Actions

Apr 3, 2006

Read twice and referred to the Committee on Finance.
Apr 3, 2006

Sponsor introductory remarks on measure. (text of measure as introduced: CR S2732-2733)
Apr 3, 2006

Sponsor introductory remarks on measure. (CR S2732)
Apr 3, 2006

Introduced in Senate

Amendments

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