118 HR 5774 IH: To amend the Internal Revenue Code of 1986 to clarify the treatment of distributions from health savings accounts for long-term care services. U.S. House of Representatives 2023-09-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 5774IN THE HOUSE OF REPRESENTATIVESSeptember 27, 2023Mr. Smith of Nebraska (for himself and Ms. Porter) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to clarify the treatment of distributions from health savings accounts for long-term care services.

1.

Clarification of treatment of distributions from health savings account for long-term care services

(a)

In general

Section 223(d)(2)(A) of the Internal Revenue Code of 1986 is amended by inserting before the last sentence the following: Such term includes amounts paid for qualified long-term care services (as defined in section 7702B(c)).. (b)

Effective date

The amendment made by this section shall apply to amounts paid after the date of the enactment of this Act. (c)

In inference

Nothing contained in this section or the amendment made thereby shall be construed to create any inference with respect to any amounts paid on or before such date.