US HB4795 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on October 22 2019 - 25% progression, died in committee
Action: 2019-10-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 22 2019 - 25% progression, died in committee
Action: 2019-10-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Treats any amount contributed by an employer to an employee's ABLE (Achieving a Better Life Experience) Account as employer-provided coverage for medical expenses under an accident or health plan, subject to certain contribution limits. Such contributions are excluded from an employee's gross income, for income tax purposes. It also imposes a tax on employers who fail to make required contributions.
Title
STABLE Act Saving To Achieve a Better Life Experience Act of 2019
Sponsors
Rep. Elissa Slotkin [D-MI] | Rep. Mike Kelly [R-PA] | Rep. Brian Fitzpatrick [R-PA] |
History
Date | Chamber | Action |
---|---|---|
2019-10-22 | House | Referred to the House Committee on Ways and Means. |
2019-10-22 | House | Introduced in House |
Subjects
Employee benefits and pensions
Employment taxes
Health care costs and insurance
Health care coverage and access
Taxation
Employment taxes
Health care costs and insurance
Health care coverage and access
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/4795/all-info |
Text | https://www.congress.gov/116/bills/hr4795/BILLS-116hr4795ih.pdf |