3.0.0 5958 2022-02-09T02:27:57Z 2022-02-09T02:27:57Z House HR 2020-02-25 116 [Congressional Record Volume 166, Number 37 (Tuesday, February 25, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HIGGINS of New York:H.R. 5958.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H1191]]]> hswm00 Ways and Means Committee House Standing hswm02 Health Subcommittee Referred to 2020-02-25T19:00:56Z Referred to 2020-02-25T19:02:15Z 2020-02-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-02-25 hswm02 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2020-02-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-02-25 Introduced in House IntroReferral 1000 9 Library of Congress H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 N S001214 Rep. Steube, W. Gregory [R-FL-17] W. Steube R FL Gregory 17 2020-02-25 True H001065 Rep. Holding, George [R-NC-2] George Holding R NC 2 2020-10-13 False Taxation Aging Health care costs and insurance Income tax exclusion Life, casualty, property insurance Marriage and family status Taxation 00 2020-02-25 Introduced in House 2020-03-10T15:28:22Z Senior Health Planning Account Act

This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.

]]> Senior Health Planning Account Act Display Title Senior Health Planning Account Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to create senior health planning accounts funded by the proceeds of the sale or assignment of life insurance contracts. Introduced in House IH Short Title(s) as Introduced Senior Health Planning Account Act Introduced in House IH Introduced in House 2020-02-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5958ih/xml/BILLS-116hr5958ih.xml 2020-02-25 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.