[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1068 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1068

To amend the Internal Revenue Code of 1986 to repeal the limitations on 
     the number of taxpayers who may have medical savings accounts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 1997

 Mr. Lipinski (for himself, Mr. Costello, and Mr. Poshard) 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 repeal the limitations on 
     the number of taxpayers who may have medical savings accounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF LIMITATIONS ON NUMBER OF TAXPAYERS HAVING MEDICAL 
              SAVINGS ACCOUNTS.

    (a) In General.--Subsections (i) and (j) of section 220 of the 
Internal Revenue Code of 1986 (relating to medical savings accounts) 
are hereby repealed.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
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