US HB1004 | 2011-2012 | 112th Congress
Status
June 5 2012 - Placed on the Union Calendar, Calendar No. 363.
Text: Latest bill text (Introduced) [PDF]
Text: Latest bill text (Introduced) [PDF]
Summary
Health Flexible Spending Arrangements Improvements Act of 2012 - Amends the Internal Revenue Code to allow a distribution to a participant in a flexible spending arrangement (FSA) of FSA funds not used to reimburse medical expenses by the end of the plan year (currently, unspent funds must be forfeited). Limits the amount of such distribution to the lesser of: (1) $500; or (2) the excess of the salary reduction contributions to the FSA, over reimbursements for medical expenses for the plan year. Includes such distributions in the gross income of the FSA participant for income and employment tax purposes.
Title
Health Flexible Spending Arrangements Improvements Act of 2012
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-06-05 | House | Placed on the Union Calendar, Calendar No. 363. |
| 2012-06-05 | House | Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-515. |
| 2012-05-31 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 6. |
| 2012-05-31 | House | Committee Consideration and Mark-up Session Held. |
| 2011-03-14 | House | Referred to the Subcommittee on Health. |
| 2011-03-10 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1404 (Related) 2011-07-21 - Read twice and referred to the Committee on Finance.
