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H. 3956

STATUS INFORMATION

Concurrent Resolution
Sponsors: Rep. Harrell
Document Path: l:\council\bills\ggs\22061htc03.doc

Introduced in the House on April 8, 2003
Introduced in the Senate on April 10, 2003
Adopted by the General Assembly on April 24, 2003

Summary: Internal Revenue Code, Congress requested to modify to allow retirees to pay for health care cost on a pre-tax basis

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    4/8/2003  House   Introduced HJ-97
    4/8/2003  House   Referred to Committee on Invitations and Memorial 
                        Resolutions HJ-97
    4/9/2003  House   Committee report: Favorable Invitations and Memorial 
                        Resolutions HJ-66
    4/9/2003  House   Adopted, sent to Senate HJ-66
   4/10/2003  Senate  Introduced SJ-4
   4/10/2003  Senate  Referred to Committee on General SJ-4
   4/24/2003  Senate  Polled out of committee General SJ-41
   4/24/2003  Senate  Committee report: Favorable General SJ-41
   4/24/2003  Senate  Adopted, returned to House with concurrence SJ-41

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VERSIONS OF THIS BILL

4/8/2003

TO MEMORIALIZE THE CONGRESS OF THE UNITED STATES TO MODIFY THE FEDERAL INTERNAL REVENUE CODE TO ALLOW RETIREES TO PAY FOR HEALTH CARE COSTS ON A PRE-TAX BASIS.

Whereas, health care costs are rising dramatically each year; and

Whereas, many state and local governments, including the State of South Carolina, provide health insurance programs for both their employees and retirees; and

Whereas, these programs allow employees and retirees access to health care at a reasonable cost; and

Whereas, some of the programs allow employees to pay for their health insurance premiums and other medical expenses on a pre-tax basis through cafeteria plans or flexible spending accounts, as authorized by the federal Internal Revenue Code; and

Whereas, current federal law fails to provide the same mechanism for retirees to pay for their health insurance premiums and other medical expenses on a pre-tax basis; and

Whereas, retirees on a fixed budget are disproportionately affected by rising health care costs; and

Whereas, this disparity of tax treatment between employees and retirees violates simple notions of fairness; and

Whereas, Representative Rob Portman and Representative Ben Cardin intend to introduce the Pension Preservation and Savings Expansion Act of 2003 in the United States Congress; and

Whereas, the proposed Pension Preservation and Savings Expansion Act of 2003 contains a provision modifying the federal Internal Revenue Code so that retirees may pay for health insurance and other medical expenses on a pre-tax basis. Now, therefore,

Be it resolved by the House of Representatives, the Senate concurring:

That the members of the General Assembly, by this resolution, memorialize the Congress of the United States to modify the federal Internal Revenue Code so that retirees may pay for health insurance premiums and other medical expenses on a pre-tax basis.

Be it further resolved that a copy of this resolution be forwarded to the United States Senate, the United States House of Representatives, and to each member of the South Carolina Congressional Delegation.

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