Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

ERIC: New H.R. 1776 Cuts EGTRRA, Retiree Health And Group Legal Sections

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, July 22, 2003, 4:15 p.m. EDT – The House Ways and Means Committee last week cut out sections of H.R. 1776 that would have made the temporary tax reforms included in the Economic Growth and Tax Relief Reconciliation Act of 2001 permanent, according to the ERISA Industry Committee, Washington.

The committee also cut sections that would have:

? Allowed for employer prefunding of retiree health benefits.

? Led to the development of a blue-collar actuarial table.

? Changed the rules governing the timing of plan valuations.

? Let employees exclude payments for group legal plans from taxable income.

ERIC includes the summary of changes in an analysis that compares the long, complicated substitute bill introduced by Ways and Means Chairman Bill Thomas, R-Bakersfield, Calif., with the original version of the bill, which was introduced by Reps. Rob Portman, R-Batavia, Ohio, and Dr. Benjamin Cardin, D-Baltimore. The committee reported a version based on the Thomas substitute.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.