Sec. 8006. Temporary carryover for health and dependent care flexible spending arrangements
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/bill/116/hr/14/ih/section-8006·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With respect to the 2020 plan year for any health flexible spending arrangement or any dependent care flexible spending arrangement, an employer may elect to amend its cafeteria plan to permit any unused amounts remaining in such flexible spending arrangement at the end of such plan year to be carried over to the 2021 plan year, pursuant to rules similar to the rules established for health flexible spending arrangements under Internal Revenue Service Notice 2013–71. An employer shall be permitted to amend its cafeteria plan to effectuate the rule described in subsection (a), provided that such amendment— is adopted before January 1, 2021; and provides that the rule described in such subsection shall be in effect as of the first day of the 2020 plan year.
Any term used in this section which is also used in section 125 of the Internal Revenue Code of 1986 or the regulations thereunder shall have the same meaning as when used in such section or regulations.