Bill117th CongressFiled Aug 31, 2021Taxation
H.R. 5137
Senior Health Planning Account Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Aug 31, 2021)
Senior Health Planning Account Act
This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.
What just happenedAug 31, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Higgins, Brian [D-NY-26](D-NY)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions5subjects
- Introduced in HouseAug 31, 2021
- Aug 31, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 31, 2021IntroReferralIntro-H
Introduced in House
- Aug 31, 2021IntroReferral1000
Introduced in House