HR 7203 · 117th Congress · Taxation

HELPS Retirees Improvement Act of 2022

Introduced 2022-03-24· Sponsored by Rep. Chabot, Steve [R-OH-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2022-03-24)

Plain Language Summary

[AI summary unavailable — showing source text] Wally Bunker Healthcare Enhancement for Local Public Safety Retirees Improvement Act of 2022 or the HELPS Retirees Improvement Act of 2022 This bill increases from $3,000 to $6,000 the amount of the exclusion from gross income of distributions from a tax-exempt retirement plan for health and long-term care insurance for public safety officers. It also eliminates the requirement that insurance premiums must be paid directly to the provider of the accident or health plan or long-term care insurance contract as a condition of eligibility for the tax exclusion.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (9)

6 Democrats3 Republicans