To amend the Internal Revenue Code of 1986 with respect to the treatment of certain nonprofit organizations providing health benefits, and for other purposes.

Summary

Amends the Internal Revenue Code to provide that the special deduction and rules extended to certain existing Blue Cross or Blue Shield organizations shall be extended to an organization that is not a health maintenance organization and is organized under and governed by State laws which are specifically and exclusively applicable to not-for-profit health insurance or health service type organizations. Provides that the limitation on deductions for certain dividends paid on employer securities held in an employee stock ownership plan does not apply to employer securities acquired with assets transferred from a defined benefit plan through an employer reversion transaction. Declares that the characterization (at the time of issuance) of a corporate interest as stock or debt by the corporate issuer is binding on the issuer and on all holders (but not binding on the Secretary of the Treasury). Requires holders who treat such interest in an inconsistent manner to disclose such inconsistent treatment on the first tax return for the first year during which such instrument was held.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 July 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 22 July 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 July 1992

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 July 1992

   Calendars

   Placed on the Union Calendar, Calendar No. 406.

   Source: Calendars

5. 24 July 1992

   Reported

   Reported by the Committee on Ways and Means. H. Rept. 102-716.

   Source: Committee

6. 24 July 1992

   Reported

   Reported by the Committee on Ways and Means. H. Rept. 102-716.

   Source: Committee

7. 3 August 1992

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

8. 3 August 1992

   Passed

   On motion to suspend the rules and pass the bill Agreed to by voice vote.

   Source: Floor

9. 3 August 1992

   Passed

   Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.

   Source: Floor

10. 3 August 1992

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

11. 3 August 1992

    Floor

    Considered under suspension of the rules.

    Source: Floor

12. 3 August 1992

    Floor

    Mr. Gibbons moved to suspend the rules and pass the bill.

    Source: Floor

13. 5 August 1992

    Introduced

    Received in the Senate and read twice and referred to the Committee on Finance.

    Source: IntroReferral

14. 5 October 1992

    Committee

    See H.R.11.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Engrossed in House · — · Download file
• Introduced in House · — · Download file
• Referred in Senate · — · Download file
• Reported in House · — · Download file

Documents

5 official files

• Reported in House (text)

  Reported in House · EN

  ViewDownloadOpen at official source

• Referred in Senate (text)

  Referred in Senate · EN

  ViewDownloadOpen at official source

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• Introduced in House (text)

  Introduced in House · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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• Introduced in House

  summary · EN · 22 July 1992

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. McGrath, Raymond J. [R-NY-5] · R · Sponsor
• · ssfi00 · Standing
• · hswm00 · Standing

Related records

• related to → Revenue Act of 1992