House Approves Five Tax Bills

The House on July 24 approved five tax bills. The tax bills cover areas related to health care, IRS administration, and water infrastructure.

The following measures were approved:

–Protect Medical Innovation Bill of 2018 (HR 184): the bill would amend the tax code to repeal the 2.3 percent excise tax on medical devices;

–Ensuring Integrity in the IRS Workforce Bill of 2018 (HR 3500): the bill would amend the tax code to prohibit the IRS Commissioner from rehiring any IRS employee previously involuntarily separated from service for misconduct;

–Water and Agriculture Tax Reform Bill (HR 519): the bill would amend the tax code to facilitate water leasing and water transfers to promote conservation and efficiency;

–Native American Health Savings Improvement Bill (HR 1476): The bill would amend the tax code to permit individuals eligible for Indian Health Service assistance to qualify for health savings accounts; and

–Equitable Access to Care and Health Bill (HR 1201): the bill would amend Code Sec. 5000A of the tax code to provide an additional Patient Protection and Affordable Care Act (ACA) religious exemption from the individual health coverage mandate.

Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.

Not a subscriber? Sign up for a free trial or contact us for a representative.



All stories by: CCHTaxGroup