Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2016

Summary

Responsible Additions and Increases to Sustain Employee Health Benefits Act of 201 6 This bill amends the Internal Revenue Code, with respect to the tax exclusion for distributions from health flexible spending arrangements provided 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 2017; and (3) allow a carryforward into the next year for unused amounts in such plans.

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Timeline

1. 14 July 2016

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 July 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 July 2016 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 July 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 July 2016

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 July 2016

  Open at official source

Sponsors

• Sen. Ayotte, Kelly [R-NH] · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2015