S 897
109th Congress
Senate
Taxation
Associations, institutions, etc.
Employee health benefits
Health
Health insurance
Income tax
Labor and Employment
Tax deductions
A bill to amend the Internal Revenue Code of 1986 to clarify the calculation of the reserve allowance for medical benefits of plans sponsored by bona fide associations.
Introduced: April 25, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4191)
Apr 25, 2005
Sponsor introductory remarks on measure. (CR S4190-4191)
Apr 25, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow a bona fide association (an association which has been actively in existence for at least five years and has been formed and maintained in good faith for purposes other than obtaining insurance) to maintain an additional reserve fund for medical benefits plans not to exceed 35 percent of the sum of certain direct costs and changes in claims incurred.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4191)
Committees of jurisdiction
1
Cosponsors
1