US SB503 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the tax exclusion for distributions from health flexible spending arrangements provided to employees under a cafeteria plan to (1) increase the annual limit on employee salary reduction contributions to $5,000, with an additional $500 for each additional employee dependent above two dependents that has not been taken into account by another person for the year; (2) revise the adjustment for inflation after 2019; and (3) allow a carryforward into the next year for unused amounts in such plans.
Title
Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2019
Sponsors
Sen. Roy Blunt [R-MO] | Sen. Kyrsten Sinema [I-AZ] | Sen. Rand Paul [R-KY] |
History
Date | Chamber | Action |
---|---|---|
2019-02-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1366 (Related) 2019-02-26 - Referred to the House Committee on Ways and Means.
Subjects
Employee benefits and pensions
Health care costs and insurance
Income tax exclusion
Inflation and prices
Taxation
Health care costs and insurance
Income tax exclusion
Inflation and prices
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/503/all-info |
Text | https://www.congress.gov/116/bills/s503/BILLS-116s503is.pdf |