Sec. 201. Repeal of high deductible health plan requirement
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/bill/114/hr/2756/ih/section-201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 223(a) of the Internal Revenue Code of 1986 is amended to read as follows: In the case of an individual, there shall be allowed as a deduction for a taxable year an amount equal to the aggregate amount paid in cash during such taxable year by or on behalf of such individual to a health savings account of such individual. . Section 223(b)(1) of such Code is amended by striking that the individual is an eligible individual . Section 223(b)(2) of such Code is amended by striking under a high deductible health plan each place it appears. Section 223(b) of such Code is amended by striking paragraph (8). Section 223 of such Code is amended by striking subsection
(c)and redesignating subsections
(d)through
(h)as subsections
(c)through (g), respectively. Section 223(c)(1)(A) of such Code, as redesignated by this Act, is amended by striking subsection (f)(5) and inserting subsection (e)(5) . Section 223(f)(1) of such Code, as redesignated by this Act, is amended— by striking subsections (b)(2) and (c)(2)(A) and inserting subsection (b)(2) , by striking subparagraph
(B)thereof— and all that follows through the end of subparagraph
(B)and inserting subparagraph
(B)thereof , and calendar year 1997 . by striking amounts under subsections (b)(2) and (c)(2)(A) in the second sentence and inserting amounts under subsection (b)(2) . Section 26(b)(2)(U) of such Code is amended by striking section 223(f)(4) and inserting section 223(e)(4) . Sections 35(g)(3), 220(f)(5)(A), 848(e)(1)(B)(v), 4973(a)(5), and 6051(a)(12) of such Code are each amended by striking section 223(d) each place it appears and inserting section 223(c) . Section 106(d)(1) of such Code is amended— by striking who is an eligible individual (as defined in section 223(c)(1)) , and by striking section 223(d) and inserting section 223(c) . Section 408(d)(9) of such Code is amended— in subparagraph
(A)by striking who is an eligible individual (as defined in section 223(c)) and , and in subparagraph
(C)by striking computed on the basis of the type of coverage under the high deductible health plan covering the individual at the time of the qualified HSA funding distribution . Section 877A(g)(6) of such Code is amended by striking 223(f)(4) and inserting 223(e)(4) . Section 4973(g) of such Code is amended— by striking section 223(d) and inserting section 223(c) , by striking 223(f)(5) in paragraph
(1)and inserting 223(e)(5) , by striking section 223(f)(2) in paragraph
(2)and inserting section 223(e)(2) , and by striking section 223(f)(3) in the second sentence and inserting section 223(e)(3) . Section 4975 of such Code is amended— in subsection (c)(6)— by striking section 223(d) and inserting section 223(c) , and by striking section 223(e)(2) and inserting section 223(d)(2) , and in subsection (e)(1)(E), by striking section 223(d) and inserting section 223(c) . Section 6693(a)(2)(C) of such Code is amended by striking section 223(h) and inserting section 223(g) . The amendments made by this section shall apply to taxable years beginning after December 31, 2015.