[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 539 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 539

 To amend the Internal Revenue Code of 1986 to provide a tax exemption 
                         for health risk pools.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 17, 1995

  Mr. Parker introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide a tax exemption 
                         for health risk pools.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That (a) subsection (c) 
of section 501 of the Internal Revenue Code of 1986 (relating to list 
of exempt organizations) is amended by adding at the end thereof the 
following new paragraph:
            ``(26) Any corporation, association, or similar legal 
        entity which is created by any State or political subdivision 
        thereof to establish a risk pool to provide health insurance 
        coverage to any person unable to obtain health insurance 
        coverage in the private insurance market because of health 
        conditions and no part of the net earnings of which inures to 
        the benefit of any private shareholder, member, or 
        individual.''
    (b) The amendment made by subsection (a) shall apply to taxable 
years beginning after December 31, 1989.
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