A bill to amend the Internal Revenue Code of 1986 to allow a refundable credit to military retirees for premiums paid for coverage under Medicare part B

4 Pages·1998·0.17 MB·English

by  United States. Congress. House

PROPERTYOF
NOV 16 REC'D
I
HCFALIBRARY
105thcongress H.R.4167
2dSession
ToamendtheInternalRevenue Codeof1986 to allowarefundablecredit
to military retirees for premiums paid for coverage under Medicare
partB.
IN THE HOUSE OF REPRESENTATIVES
I June25,1998
Mrs. Emerson (for herself, Mr. McHugh, Mr. Calvert, Mr. Watts of
Oklahoma,Ms. Danner, Mr. Romero-Barcelo, Mr. BLUNT, andMr.
BarrofGeorgia)introducedthefollowingbill;whichwasreferredtothe
Committee onWays andMeans, andin additiontotheCommittee on
Commerce,foraperiodtobesubsequentlydeterminedbytheSpeaker,
ineachcaseforconsiderationofsuchprovisionsasfallwithinthejuris-
dictionofthecommitteeconcerned
A
BILL
To amend the Internal Revenue Code of 1986 to allow a
refundable credit to militar}^ retirees for premiums paid
forcoverageunderMedicarepartB.
1 BeitenactedhytlieSenateandHouseofRepresenta-
2 tivesoftheUnitedStatesofAmericainCongressassembled,
3 SECTION1.SHORTTITLE.
4 ThisActmaybecitedasthe"MilitaryRetireeHealth
5 CareRehefAct".
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1 SEC.2.PREMIUMSPAIDBYMILITARYRETIREESFORMEDI-
2 CAREPARTE.
—
3 (a) In General. Subpart C of part IV of sub-
4 chapterA ofchapter 1 ofthe Internal Revenue Code of
5 1986 (relatingtorefundablecredits)isamendedbyredes-
6 ignating section 35 as section 36 and byinserting after
7 section34thefollowingnewsection:
8 "SEC. 35. PREMIUMS PAID BY MILITARY RETIREES FOR
9 MEDICAREPARTB.
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10 "(a)AllowanceofCredit. InthecaseofaneU-
11 gibleindividual,thereshallbeallowedasacreditagainst
12 the tax imposed bythis chapter for the taxable year an
13 amountequaltothe aggregatepremiumspaidundersec-
14 tion1840ofthe Social SecurityActbythetaxpayerdur-
15 ingthetaxableyearforenrollmentoftheeligibleindivid-
16 ualunderpartBoftitleXVIIIofsuchAct.
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17 "(b) Eligible Individual. For purposes of sub-
18 section(a),theterm'eligibleindividual'means
19 "(1) an indi\idualwho is entitledto retired or
20 retainer pay based upon service in the uniformed
21 services(asdefinedinsection 101oftitle10,United
22 StatesCode),
23 "(2) the spouse (as determined under section
24 7703) of an individual described in paragraph (1),
25 and
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1 3
1 "(3) thewidoworwidower, asthecasemaybe,
2 ofjanindividualdescribedinparagraph(1).".
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3 (b)TechnicalAmendments.
4 (1) Paragraph (2) of section 1324(b) of title
5 31, United States Code, is amendedbystriking"or
6 enacted" and inserting "enacted" and by inserting
7 before the period ", or from section 35 of such
8 Code".
9 (2) Thetable ofsections for subpart C ofpart
Id IV of subchapter A of chapter 1 of such Code is
11 amendedbystrikingthelast item andinsertingthe
12 followingnewitems:
"Sec. 35.Premiumspaidbymilitaryretireesformedicarepart
' . B.
"Sec.36.Overpaymentsoftax.".
—
13 (c) Effective Date. The amendments made by
14 thissectionshallapplytoexpensesincurredafterDecem-
15 ber31, 1997.
16 SEC.3.ELIMINATIONOFMEDICAREPARTBPREMIUMPEN-
17 ALTY.
18 (a) InGeneral.—Section 1839(b) oftheSocial Se-
19 curityAct (42 U.S.C. 1395r(b)) isamendedbyaddingat
20 the end the following: "Any increase in an individual's
21 monthly premium under the first sentence of this sub-
22 section shall notbe applicablewith respectto aneligible
23 individual(ordependentofsuchanindividual),asdefined
24 insection25B(b)oftheInternalRevenueCodeof1986.".
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1 (b) Effective Date. The amendment made by
2 subsection (a) shall applytopremiumsformonthsbegin-
3 ningafterthedateoftheenactmentofthisAct.
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