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HR 3333 103th Congress House Health Catastrophic health insurance Excise tax Health insurance Income tax Indexing (Economic policy) Long-term care insurance Savings accounts Social Welfare Social security taxes Tax deductions Tax exclusion Tax penalties Taxation Trusts and trustees Withholding tax

Medisave Patient Empowerment Act of 1993

Introduced: October 21, 1993 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 1993
Referred to the House Committee on Ways and Means.
Oct 21, 1993
Sponsor introductory remarks on measure. (CR H8333)
Oct 21, 1993
Introduced in House
 Plain-English summary Congressional Research Service

Medisave Patient Empowerment Act of 1993 - Amends the Internal Revenue Code to allow to individuals a tax deduction for contributions made to a Medisave account established for the benefit of an eligible individual. Limits the amount of allowable contributions.

Allows such deduction whether or not an individual itemizes deductions.

Disallows distributions from such accounts as medical expense deductions.

Excludes employer contributions to such accounts from employment taxes.

Establishes an excise tax for excess contributions to such accounts.

What's happening now October 21, 1993

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1