Sec. 111. One-time application of saver’s credit to contributions to health savings accounts
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/bill/117/hr/8588/ih/section-111·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of an applicable taxable year, contributions to any health savings account of the taxpayer during such taxable year shall be treated as a qualified retirement savings contribution for purposes of section 25B of the Internal Revenue Code of 1986. For purposes of this section, the term applicable taxable year means any taxable year elected by the taxpayer (at such time and in such manner as the Secretary of the Treasury may provide) which begins after during the 3-year period beginning 1 year after the date of the enactment of this Act. A taxpayer may not elect not more than 1 applicable taxable year under this subsection.