Home > 106th Congressional Bills > H.R. 4503 (eh) To provide for the preservation and restoration of historic buildings at historically women's public colleges or universities. [Engrossed in House] ...

H.R. 4503 (eh) To provide for the preservation and restoration of historic buildings at historically women's public colleges or universities. [Engrossed in House] ...


Google
 
Web GovRecords.org








108th CONGRESS
  2d Session
                                H. R. 4502

      To amend the Internal Revenue Code of 1986 to provide that 
  distributions from an individual retirement plan, a section 401(k) 
  plan, or a section 403(b) contract shall not be includible in gross 
  income to the extent used to pay long-term care insurance premiums.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 3, 2004

Mr. Terry (for himself, Mr. Paul, Mr. Norwood, Mr. Feeney, Mr. Peterson 
of Minnesota, Mrs. Northup, Mr. Jones of North Carolina, Mr. Kennedy of 
Minnesota, Mr. McHugh, and Ms. Ginny Brown-Waite of Florida) introduced 
  the following bill; which was referred to the Committee on Ways and 
                                 Means

_______________________________________________________________________

                                 A BILL


 
      To amend the Internal Revenue Code of 1986 to provide that 
  distributions from an individual retirement plan, a section 401(k) 
  plan, or a section 403(b) contract shall not be includible in gross 
  income to the extent used to pay long-term care insurance premiums.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Long-Term Care Act of 2004''.

SEC. 2. EXCLUSION FROM GROSS INCOME FOR DISTRIBUTIONS FROM INDIVIDUAL 
              RETIREMENT PLANS, SECTION 401(K) PLANS, AND SECTION 
              403(B) CONTRACTS WHICH ARE USED TO PAY LONG-TERM CARE 
              INSURANCE PREMIUMS.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by inserting after section 139A the 
following new item:

``SEC. 139B. DISTRIBUTIONS FROM INDIVIDUAL RETIREMENT PLANS, SECTION 
              401(K) PLANS, AND SECTION 403(B) CONTRACTS WHICH ARE USED 
              TO PAY LONG-TERM CARE INSURANCE PREMIUMS.

    ``(a) In General.--Gross income shall not include any distribution 
to an individual from--
            ``(1) an individual retirement plan, or
            ``(2) from amounts attributable to employer contributions 
        made pursuant to elective deferrals described in subparagraph 
        (A) or (C) of section 402(g)(3),
to the extent that such distributions do not exceed the long-term care 
insurance premiums paid during the taxable year for insurance covering 
the individual or the individual's spouse.
    ``(b) Denial of Double Benefit.--The limitation in section 
213(d)(10) shall be reduced by the amount which would (but for 
subsection (a)) be includible in the taxpayer's gross income for the 
taxable year.
    ``(c) No Effect on Qualification.--An arrangement shall not fail to 
be treated as a qualified cash or deferred arrangement (as defined in 
section 401(k)) or a contract described in section 403(b) by reason of 
permitting distributions for the payment of long-term care insurance 
premiums.''
    (b) Clerical Amendment.--The table of sections for such part III is 
amended by inserting after the item relating to section 139A the 
following new item:

                              ``Sec. 139B. Distributions from 
                                        individual retirement plans, 
                                        section 401(k) plans, and 
                                        section 403(b) contracts which 
                                        are used to pay long-term care 
                                        insurance premiums.''
    (c) Effective Date.--The amendments made by this section shall 
apply to distributions after the date of the enactment of this Act.
                                 <all>

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.R. 495 (ih) To reform Federal land management activities relating to endangered species conservation. [Introduced in House] ...
2 H.R. 4249 (ih) To foster cross-border cooperation and environmental cleanup in Northern Europe. [Introduced in House] ...
3 H.Res. 5 (ath) Adopting rules for the One Hundred Sixth Congress in recodified form. [Agreed to House] ...
4 S. 721 (is) To allow media coverage of court proceedings. [Introduced in Senate] ...
5 S.Res. 157 (ats) Relative to the disappearance of John F. Kennedy, Jr., Carolyn Bessette Kennedy, and Lauren Bessette. [Agreed to Senate] ...
6 S.J.Res. 27 (is) Disapproving the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of the People's Republic of China. [Introduced in Senate] ...
7 H.R. 3643 (ih) To amend the Occupational Safety and Health Act of 1970 to provide that the Act will not apply to employment performed in a workplace located in the employee's residence. [Introduced in House] ...
8 H.Res. 501 (ath) Expressing the sense of the House of Representatives regarding the Nation's law enforcement officers. [Agreed to House] ...
9 S. 1405 (is) To amend the Woodrow Wilson Memorial Bridge Authority Act of 1995 to provide an authorization of contract authority for fiscal years 2004 through 2007, and for other purposes. [Introduced in Senate] ...
10 H.R. 2436 (eh) To amend title 18, United States Code, and the Uniform Code of Military Justice to protect unborn children from assault and murder, and for other purposes. [Engrossed in House] ...
11 H.R. 1161 (ih) To revise the banking and bankruptcy insolvency laws with respect to the termination and netting of financial contracts, and for other purposes. [Introduced in House] ...
12 H.R. 4092 (ih) To direct the Secretary of Transportation to prohibit the commercial operation of supersonic transport category aircraft that do not comply with stage 3 noise levels. [Introduced in House] ...
13 S. 37 (is) To amend title XVIII of the Social Security Act to repeal the restriction on payment for certain hospital discharges to post-acute care imposed by section 4407 of the Balanced Budget Act of 1997. [Introduced in Senate] ...
14 H.R. 4627 (ih) To provide for a program to educate the public regarding the use of [Introduced in House] ...
15 S.Res. 305 (is) Commending participants in the Million Mom March. [Introduced in Senate] ...
16 H.Con.Res. 396 (rds) Celebrating the birth of James Madison and his contributions to the Nation. [Received in the Senate] ...
17 S. 1658 (rs) To authorize the construction of a Reconciliation Place in Fort Pierre, South Dakota, and for other purposes. [Reported in Senate] ...
18 H.R. 2490 (eh) Making appropriations for the Treasury Department, the United States Postal Service, the Executive Office of the President, and certain Independent Agencies, for the fiscal year ending September 30, 2000, and for other purposes. [Engrossed...
19 H.R. 4831 (enr) To redesignate the facility of the United States Postal Service located at 2339 North California Avenue in Chicago, Illinois, as the ``Roberto Clemente Post Office''. [Enrolled bill] ...
20 S. 2999 (is) To amend title XVIII of the Social Security Act to reform the regulatory processes used by the Health Care Financing Administration to administer the medicare program, and for other purposes. [Introduced in Senate] ...
21 S. 113 (is) To increase the criminal penalties for assaulting or threatening Federal judges, their family members, and other public servants, and for other purposes. [Introduced in Senate] ...
22 H.R. 882 (enr) To nullify any reservation of funds during fiscal year 1999 for guaranteed loans under the Consolidated Farm and Rural Development Act for qualified beginning farmers or ranchers, and for other purposes. [Enrolled bill] ...
23 H.R. 2513 (ih) To direct the Administrator of General Services to acquire a building located in Terre Haute, Indiana, and for other purposes. [Introduced in House] ...
24 S.Con.Res. 126 (rfh) Expressing the sense of Congress that the President should support free and fair elections and respect for democracy in Haiti. [Referred in House] ...
25 H.R. 4641 (ih) To provide trade adjustment assistance for certain workers. [Introduced in House] ...
26 H.R. 3147 (ih) To amend title 5, United States Code, to alleviate the pay-compression problem affecting members of the Senior Executive Service and other senior-level Federal employees, and for other purposes. [Introduced in House] ...
27 S. 2812 (rfh) To amend the Immigration and Nationality Act to provide a waiver of the oath of renunciation and allegiance for naturalization of aliens having certain disabilities. [Referred in House] ...
28 S. 1513 (es) For the relief of Jacqueline Salinas and her children Gabriela Salinas, Alejandro Salinas, and Omar Salinas. [Engrossed in Senate] ...
29 H.R. 1379 (enr) To amend the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, to make a technical correction relating to international narcotics control assistance. [Enrolled bill] ...
30 H.R. 3192 (ih) To restore food stamp benefits for aliens, to provide States with [Introduced in House] ...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy