Senate Bill 503
116th Congress(2019-2020)
Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2019
Introduced
Introduced in Senate on Feb 14, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
503
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2019
This bill modifies the tax exclusion for distributions from health flexible spending arrangements provided to employees under a cafeteria plan to (1) increase the annual limit on employee salary reduction contributions to $5,000, with an additional $500 for each additional employee dependent above two dependents that has not been taken into account by another person for the year; (2) revise the adjustment for inflation after 2019; and (3) allow a carryforward into the next year for unused amounts in such plans.
February 14, 2019
02/14/2019
Read twice and referred to the Committee on Finance.
02/14/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 4:32:55 PM