A bill to amend the Internal Revenue Code of 1986 to limit an employer's deduction for health care costs of its employees if the employer fails to honor its commitment to provide health care to its retirees.

Summary

Amends the Internal Revenue Code to reduce the amount allowed an employer as a deduction for expenses incurred in providing employee medical care to no more than 25 percent of the amount ordinarily allowable if the employer provided retiree health benefits during the ten-year period ending December 31, 1993, and does not provide such benefits for any period after such date.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 May 1995

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 May 1995

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 18 May 1995

  Open at official source

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