House Bill 5958
116th Congress(2019-2020)
Senior Health Planning Account Act
Introduced
Introduced in House on Feb 25, 2020
Origin Chamber
House
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
5958
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 House votes have been held for this bill.
Summary
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.
February 25, 2020
02/25/2020
Referred to the House Committee on Ways and Means.
02/25/2020
Referred to the Subcommittee on Health.
02/25/2020
Introduced in House
Public Record
Record Updated
Feb 9, 2022 2:27:57 AM