Us Congress 2023-2024 Regular Session

Us Congress House Bill HB107 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	118THCONGRESS
3	3	1
4	4	STSESSION H. R. 107
5	5	To amend the Internal Revenue Code of 1986 to allow for tax-advantaged
6	6	distributions from health savings accounts during family or medical leave,
7	7	and for other purposes.
8	8	IN THE HOUSE OF REPRESENTATIVES
9	9	JANUARY9, 2023
10	10	Mr. B
11	11	IGGSintroduced the following bill; which was referred to the Committee
12	12	on Ways and Means
13	13	A BILL
14	14	To amend the Internal Revenue Code of 1986 to allow for
15	15	tax-advantaged distributions from health savings ac-
16	16	counts during family or medical leave, and for other
17	17	purposes.
18	18	Be it enacted by the Senate and House of Representa-1
19	19	tives of the United States of America in Congress assembled, 2
20	20	SECTION 1. SHORT TITLE. 3
21	21	This Act may be cited as the ‘‘Freedom for Families 4
22	22	Act’’. 5
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25	25	•HR 107 IH
26	26	SEC. 2. DISTRIBUTIONS FROM HEALTH SAVINGS ACCOUNTS 1
27	27	DURING PERIODS OF QUALIFIED 2
28	28	CAREGIVING. 3
29	29	(a) I
30	30	NGENERAL.—Paragraphs (1) and (2) of section 4
31	31	223(f) of the Internal Revenue Code of 1986 are amended 5
32	32	to read as follows: 6
33	33	‘‘(1) E
34	34	XCLUSION OF AMOUNTS USED FOR 7
35	35	QUALIFIED MEDICAL EXPENSES OR DISTRIBUTED 8
36	36	DURING PERIODS OF QUALIFIED CAREGIVING .—Any 9
37	37	amount paid or distributed out of a health savings 10
38	38	account shall not be includible in gross income if it 11
39	39	is— 12
40	40	‘‘(A) used exclusively to pay qualified med-13
41	41	ical expenses of any account beneficiary, or 14
42	42	‘‘(B) paid or distributed during a period of 15
43	43	qualified caregiving. 16
44	44	‘‘(2) I
45	45	NCLUSION OF AMOUNTS NEITHER USED 17
46	46	FOR QUALIFIED MEDICAL EXPENSES NOR DISTRIB -18
47	47	UTED DURING PERIODS OF QUALIFIED 19
48	48	CAREGIVING.—Any amount paid or distributed out 20
49	49	of a health savings account shall be included in the 21
50	50	gross income of the account beneficiary if it is not 22
51	51	described in paragraph (1).’’. 23
52	52	(b) D
53	53	EFINITION OF PERIOD OF QUALIFIED 24
54	54	C
55	55	AREGIVING.—Section 223(f) of the Internal Revenue 25
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58	58	•HR 107 IH
59	59	Code of 1986 is amended by adding at the end the fol-1
60	60	lowing new paragraph: 2
61	61	‘‘(9) P
62	62	ERIOD OFQUALIFIEDCAREGIVING.—For pur-3
63	63	poses of this section, the term ‘period of qualified 4
64	64	caregiving’ means any period during which an individual 5
65	65	is on leave or not employed by reason of a situation de-6
66	66	scribed in subparagraphs (A) through (E) of section 7
67	67	102(a)(1) of the Family and Medical Leave Act of 1993.’’. 8
68	68	(c) C
69	69	ONFORMINGAMENDMENTS.— 9
70	70	(1) Section 223(d)(1) of such Code is amended 10
71	71	by inserting ‘‘or the expenses incurred during a pe-11
72	72	riod of qualified caregiving of the account bene-12
73	73	ficiary’’ after ‘‘paying the qualified medical expenses 13
74	74	of the account beneficiary’’. 14
75	75	(2) Section 223(f)(4) of such Code is amended 15
76	76	in the heading by striking ‘‘
77	77	DISTRIBUTIONS NOT 16
78	78	USED FOR QUALIFIED MEDICAL EXPENSES ’’ and in-17
79	79	serting ‘‘
80	80	CERTAIN DISTRIBUTIONS’’. 18
81	81	(d) E
82	82	FFECTIVEDATE.—The amendments made by 19
83	83	this section shall apply with respect to taxable years begin-20
84	84	ning after the date of the enactment of this Act. 21
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87	87	•HR 107 IH
88	88	SEC. 3. NO HIGH DEDUCTIBLE HEALTH PLAN REQUIRED 1
89	89	FOR HEALTH SAVINGS ACCOUNTS. 2
90	90	(a) I
91	91	NGENERAL.—Section 223(a) of the Internal 3
92	92	Revenue Code of 1986 is amended by striking ‘‘who is an 4
93	93	eligible individual for any month during the taxable year’’. 5
94	94	(b) C
95	95	ONFORMINGAMENDMENTS.— 6
96	96	(1) Section 223(b) of such Code is amended by 7
97	97	striking paragraphs (7) and (8). 8
98	98	(2) Section 223 of such Code is amended by 9
99	99	striking subsection (c). 10
100	100	(c) I
101	101	NCREASE INCONTRIBUTIONLIMIT FORHEALTH 11
102	102	S
103	103	AVINGSACCOUNTS.— 12
104	104	(1) I
105	105	N GENERAL.—Section 223(b)(1) of the In-13
106	106	ternal Revenue Code of 1986 is amended by striking 14
107	107	‘‘the sum of the monthly’’ and all that follows 15
108	108	through ‘‘eligible individual’’ and inserting ‘‘$9,000 16
109	109	(twice such amount in the case of a joint return)’’. 17
110	110	(2) C
111	111	ONFORMING AMENDMENTS .— 18
112	112	(A) Section 223(b) of such Code is amend-19
113	113	ed by striking paragraphs (2), (3), and (5) and 20
114	114	by redesignating paragraphs (4) and (6) as 21
115	115	paragraphs (2) and (3), respectively. 22
116	116	(B) Section 223(b)(2) of such Code (as re-23
117	117	designated by subparagraph (A)) is amended by 24
118	118	striking the last sentence. 25
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121	121	•HR 107 IH
122	122	(C) Section 223(d)(1)(A)(ii) is amended by 1
123	123	striking ‘‘the sum of’’ and all that follows 2
124	124	through the period at the end and inserting 3
125	125	‘‘the dollar amount in effect under subsection 4
126	126	(b)(1).’’. 5
127	127	(D) Section 223(g)(1) of such Code is 6
128	128	amended— 7
129	129	(i) by striking ‘‘Each dollar amount in 8
130	130	subsections (b)(2) and (c)(2)(A)’’ and in-9
131	131	serting ‘‘The dollar amount in subsection 10
132	132	(b)(1)’’; 11
133	133	(ii) by striking ‘‘thereof’’ and all that 12
134	134	follows through ‘‘‘calendar year 2003’.’’ 13
135	135	and inserting ‘‘‘calendar year 1997’.’’; and 14
136	136	(iii) by striking ‘‘under subsections 15
137	137	(b)(2) and (c)(2)(A)’’ and inserting ‘‘under 16
138	138	subsection (b)(1)’’. 17
139	139	(d) E
140	140	FFECTIVEDATE.—The amendments made by 18
141	141	this section shall apply with respect to months in taxable 19
142	142	years beginning after the date of the enactment of this 20
143	143	Act. 21
144	144	Æ
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