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United States · Bill · S

S. 1055 (108th)

A bill to amend the Internal Revenue Code of 1986 to provide physicians and other health care professionals with a tax credit for qualified expenditures for medical professional malpractice insurance, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

13 May 2003

Last action

13 May 2003 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Durbin, Richard J. [D-IL], Sen. Reid, Harry [D-NV]

Subjects

Healthcare, Taxation

Source updated

7 April 2025

Healthcare · Taxation

Summary

Amends the Internal Revenue Code to provide a business tax credit for medical professional malpractice insurance according to the following schedule: (1) 20 percent of expenditures for any physician who practices in any surgical specialty or subspecialty, emergency medicine, obstetrics, anesthesiology, or who does intervention work which is reflected in medical malpractice insurance expenditures; (2) ten percent of expenditures for any physician who practices in general medicine, allergy, dermatology, or pathology; and (3) 15 percent of expenditures for any hospital or clinic. Directs the Secretary of Health and Human Services, through the Health Resources and Services Administration, to make grants to eligible nonprofit hospitals and clinics to pay 15 percent of qualified medical malpractice insurance costs.

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

Timeline

  1. 13 May 2003

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 13 May 2003

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 13 May 2003

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 13 May 2003

    ViewDownloadOpen at official source

    Leesvertaling

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  • Introduced in Senate

    summary · EN · 13 May 2003

    Open at official source

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Sponsors

Related records

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Sources

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