H.R.6088 - Total Repeal of the Unfair Taxes on Healthcare Act of 2012

To repeal certain tax increases enacted as part of health care reform. view all titles (3)

All Bill Titles

  • Official: To repeal certain tax increases enacted as part of health care reform. as introduced.
  • Short: Total Repeal of the Unfair Taxes on Healthcare Act of 2012 as introduced.
  • Short: TRUTH Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/09/12
 
 
 
 
 
 
 

Official Summary

Total Repeal of the Unfair Taxes on Healthcare Act of 2012 or the TRUTH Act of 2012 - Amends the Internal Revenue Code, with respect to health care provisions added by the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010, to rep

Official Summary

Total Repeal of the Unfair Taxes on Healthcare Act of 2012 or the TRUTH Act of 2012 - Amends the Internal Revenue Code, with respect to health care provisions added by the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010, to repeal:
(1) the excise tax on the excess benefit from certain high cost employer-sponsored health coverage plans;
(2) the excise tax on net investment income in the Medicare taxable base;
(3) the prohibition against payments from health flexible spending arrangements, health savings accounts (HSAs), and Archer medical savings accounts (MSAs) for over-the-counter drugs;
(4) the increased penalty on distributions from an HSA or Archer MSA not used for qualified medical expenses;
(5) the limitation on annual salary reduction contributions by an employee to a health flexible spending arrangement under a cafeteria plan;
(6) the increase in the income threshold for claiming an itemized deduction for medical expenses;
(7) the excise tax on indoor tanning services;
(8) the requirement that individuals maintain minimal essential health care coverage; and
(9) the excise tax on medical devices. Repeals provisions of PPACA that require:
(1) annual fees on branded prescription drug manufacturers and importers and on health insurance providers, and
(2) a report by the Secretary of Veteran Affairs (VA) on the effect of fees assessed by such Act on the cost of medical care provided to veterans and on access by veterans to medical devices and branded prescription drugs.

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