Daily Tax Report Index-Summary

HAWAII

– High technology investments, guidance on tax credit cap issued, 190:H–2 (10/5/09)
– Ponzi losses deductible on state returns, 203:H–2 (10/23/09)
– Tax haven accounts, Haw. extends disclosure deadline, 190:H–2 (10/5/09)

HEALTH CARE

– Coverage, FSA cap

See HEALTH CARE REFORM

– Hospitals

See HOSPITALS

– HSAs

See HEALTH SAVINGS ACCOUNTS (HSAs)

– Insurance

See HEALTH INSURANCE

– Medical devices tax imposed in House health care reform bill (HR 3962), 208:GG–4 (10/30/09)
– Regional health information, IRS approves 30 applications for RHIOs, testing criteria for exemption continues, 196:G–5 (10/14/09)

HEALTH CARE REFORM

– Affordable Health Care for America Act

See LEGISLATION, FEDERAL, HR 3962

– America's Affordable Health Choices Act

See LEGISLATION, FEDERAL, HR 3200

– America's Healthy Future Act

See Senate Finance Comm., this heading

– Benefits attorneys suggest employers be ready to implement reforms, 194:G–10 (10/9/09)
– “Cadillac plans”

– – Anti-deficit Concord Coalition urges Senate to keep excise tax on high-cost insurance policies, 195:G–4 (10/13/09)
– – Basing excise tax on dollar value, not actuarial value, consulting firm Milliman warns of dangers, 189:G–10 (10/2/09)
– – Benefits group ABC says tax threshold too low, suggests several changes, 195:G–4 (10/13/09); Am. Benefits Council statement on priority employer issues, 195:TaxCore (10/13/09)
– – CBPP defends Finance Comm. excise tax, 201:G–8 (10/21/09)
– – Finance Comm. tax on high-cost plans opposed by over half the House Dem Caucus, 193:G–8 (10/8/09)
– – Harkin (D-Iowa) expects higher thresholds for tax after Senate bills merge, 199:G–5 (10/19/09)
– – Insurance rates, JCT analysis shows modest increase from proposed excise tax, 190:GG–4 (10/5/09); estimate of distribution effects, 190:TaxCore (10/5/09); 31 percent of currently available plans will be classified as “Cadillac plans” by 2019, 201:G–11 (10/21/09); JCT report, 201:TaxCore (10/21/09)

– Cost of Finance Comm. bill

– – CBO estimates 10-year cost $829B, with $81B in savings, 193:G–8 (10/8/09); letter to Chrm. Baucus (D-Mont), 193:TaxCore (10/8/09)
– – GOP economist Holtz-Eakin estimates cost of Chrm.'s mark on households, 190:GG–4 (10/5/09); former CBO Director's memo on paying for reform, 190:TaxCore (10/5/09)

– ERISA remedies, regulatory role need to be addressed, EBSA chief Borzi says, 200:G–7 (10/20/09)
– Executive compensation, Senate Finance Comm. votes to curb deductions of health insurance firms, 190:GG–1 (10/5/09); Grassley (R-Iowa) does not offer amendments on safe harbor for hospital executives, 190:GG–3 (10/5/09)
– Flexible spending accounts, Senate Finance Comm. retains cap in Baucus (D-Mont) health care reform mark, 190:GG–1 (10/5/09); House bill caps FSA contributions at $2,500, 206:G–8 (10/28/09)
– House Dem leaders to unveil merged legislation, manager's amendment likely, 207:G–6 (10/29/09); further action, see LEGISLATION, FEDERAL, HR 3962
– Insurance coverage mandate, GOP senators oppose tax penalty, Finance Chrm. open to reducing, postponing tax, 189:G–7 (10/2/09); CRS analysis of constitutional issues, 189:TaxCore (10/2/09); Finance Comm. softens proposed penalty excise taxes on individuals, 190:GG–1 (10/5/09); penalty tax on individuals will be inflation-indexed after 2017, 191:G–4 (10/6/09); Chrm. Baucus (D-Mont) to defend excise tax penalty in Senate debate, 200:G–4 (10/20/09)
– Insurance premium spike predicted if Finance Comm. bill enacted, 196:GG–1 (10/14/09); PricewaterhouseCoopers report for AHIP, 196:TaxCore (10/14/09); Finance Comm. staff response to report, 196:TaxCore (10/14/09); insurers deny they want to scuttle reform bill, ask senators to revise industry tax plans, 198:G–5 (10/16/09); Federal Policy Group background information on potential impact on insurance companies of Finance Comm. bill, 198:TaxCore (10/16/09); AHIP technical answers to questions on PwC report, 198:TaxCore (10/16/09)
– Insurer windfall profits tax, House Speaker Pelosi (D-Cal) probes for offsets, 194:G–9 (10/9/09)
– IRS responsibilities under Finance Comm. bill costly, 189:G–8 (10/2/09); Grassley (R-Iowa) statement on Baucus (D-Mont) mark for America's Healthy Future Act, 189:TaxCore (10/2/09); letter to Treasury, IRS seeking cost estimates, 189:TaxCore (10/2/09)
– Itemized deduction cap, CBPP criticizes arguments against limits by charitable groups, 189:G–9 (10/2/09)
– Nonprofit insurance entities, Senate Finance Comm. bill would create, 196:GG–1 (10/14/09)
– Revenue title of America's Healthy Future Act, Baucus's (D-Mont) amended mark, 190:TaxCore (10/5/09); update, 193:TaxCore (10/8/09); JCT revenue estimates for Title VI, as amended through Oct. 2, 194:TaxCore (10/9/09)
– Senate Finance Comm. weighs financing amendments, public plan option dropped, fee on health insurers sustained, 188:G–6 (10/1/09); Comm. debates penalty on uninsured, low-income credits could go to states, rather than individuals, 189:G–7 (10/2/09); Comm. softens impact of proposed penalty excise taxes on individuals, 190:GG–1 (10/5/09); amended Chrm.'s mark for America's Healthy Future Act, 190:TaxCore (10/5/09); penalty tax on individuals will be inflation-indexed after 2017, 191:G–4 (10/6/09); technical corrections to Comm.-amended Chrm.'s mark, 191:TaxCore (10/6/09); Comm. waits for CBO scoring, may vote on bill week of Oct. 12, 192:G–7 (10/7/09); health industry fees, eliminating deductions produces $29B in revenues, JCT says, 192:G–8 (10/7/09); GOP request for CBO, JCT chiefs attendance at final markup, 192:TaxCore (10/7/09); JCT scoring of 3 industry fee provisions in Chrm.'s mark as approved by Senate Finance Comm., 192:TaxCore (10/7/09); CBO issues preliminary cost estimate, half the House Dem Caucus opposes tax on high-cost insurance plans, 193:G–8 (10/8/09); amended Chrm.'s mark, updated by BNA, 193:TaxCore (10/8/09); Comm. members take time to study CBO analysis, 194:G–9 (10/9/09); Comm. votes 14-9 to approve $829B health care overhaul bill, AHIP predicts spike in premiums, 196:GG–1 (10/14/09); bill would create 3 nonprofit firms to sell insurance, reinsure insurers, 196:GG–3 (10/14/09); correction to report on 196:GG-3, hospital requirements, 197:G–18 (10/15/09); further action, see LEGISLATION, FEDERAL, S 1796
– Senate's HELP and Finance Comm. bills could be merged soon, Dodd (D-Conn) says, 197:G–13 (10/15/09); GOP leader McConnell (R-Ky) insists on multi-week debate, 197:N–1 (10/15/09); negotiators say bill may not be ready for floor debate before Nov., 203:G–6 (10/23/09)
– Small business impacts, CRS analyzes House bill (HR 3200) and Senate HELP Comm. bill, 191:G–4 (10/6/09); report, 191:TaxCore (10/6/09)
– Surtax for rich

See LEGISLATION, FEDERAL, HR 3962

HEALTH INSURANCE

– Genetic information, interim rules to implement GINA released, IRS, Labor, CMS request comments, 189:G–10 (10/2/09); text of REG-123829-08, 189:L–1 (10/2/09); TD 9464, 189:L–3 (10/2/09); DOL and HHS officials provide details on rules at conference, 201:G–10 (10/21/09)
– HSAs

See HEALTH SAVINGS ACCOUNTS (HSAs)

– Mental health parity, agencies plan to release rules by year end, 201:G–10 (10/21/09)
– Privacy requirements, encryption discussed by benefits attorneys at ALI-ABA panel, 194:G–10 (10/9/09)
– Reform debate

See HEALTH CARE REFORM

HEALTH SAVINGS ACCOUNTS (HSAs)

– Employer comparable contributions, signature block correction made to final rules (TD 9457), 191:G–6 (10/6/09)

HEDGE FUNDS

– Fair value of alternative investments, hedges, FASB issues new accounting guidance, 189:G–1 (10/2/09)

HEDGING

– Accounting for derivatives

See DERIVATIVES

HOSPITALS

– Community benefit, Senate Finance Comm. reports health care overhaul bill with 4 new provisions for nonprofits, 196:GG–3 (10/14/09); correction, 197:G–18 (10/15/09); practitioners say S 1796 makes modest but key adjustment to tax exemption, 202:G–5 (10/22/09)
– Executive compensation

– – Comparable survey use, IRS official discusses at AHLA conference, 196:G–5 (10/14/09)
– – Grassley (R-Iowa) does not offer amendments at health care reform markup, 190:GG–3 (10/5/09)

HOUSING

– Affordable housing, Treasury announces $284M award to spur Cal. housing sector, 204:G–4 (10/26/09)
– Energy retrofitting

– – Energy Star standard for tax credit

See LEGISLATION, FEDERAL, S 1792

– – IRS touts expanded homeowner tax credits, 208:G–12 (10/30/09)
– – VP Biden's plan would let homeowners finance via property tax bills, 200:G–3 (10/20/09)

– First-time home buyers

– – CBPP advises against credit expansion, 206:G–7 (10/28/09)
– – Coding for credit, TIGTA critical of IRS computer programming, 198:G–4 (10/16/09)
– – Credit forms, IRS posts update on website, 195:G–7 (10/13/09)
– – Extend, expand credit, housing industry groups urge lawmakers, 193:G–3 (10/8/09); testimony for House Small Business Comm. hearing, 193:TaxCore (10/8/09); lawmakers discuss extension to support economy, 194:G–6 (10/9/09); Senate leaders Conrad (D-ND) supports extension, Baucus (D-Mont) undecided, 197:G–11 (10/15/09); mortgage bankers, home builders and realtors push for credit extension, 200:G–2 (10/20/09); letter to administration officials, 200:TaxCore (10/20/09); bipartisan group of 165 lawmakers support credit extension, 202:G–1 (10/22/09); House Speaker Pelosi (D-Cal) supports extension, Pomeroy (D-ND) wants modification, offset, 202:G–8 (10/22/09); letter to House Dem, GOP leaders, 202:TaxCore (10/22/09)
– – Fraudulent claims

– – – IRS examines nearly 107,000 cases, 167 “criminal schemes” identified so far, 201:G–2 (10/21/09)
– – – Lewis (D-Ga) bill

See LEGISLATION, FEDERAL, HR 3901

– – Senate Banking Comm. members endorse credit extension, 201:G–1 (10/21/09)
– – Unemployment bill not proper vehicle for credit extension, senator says, 201:G–5 (10/21/09); further action, see LEGISLATION, FEDERAL, HR 3548
– – Ways-Means panel announces hearing on IRS administration of tax credit, 198:G–7 (10/16/09); TIGTA's George testifies on administration concerns, fraudulent claims, Lewis (D-Ga) introduces bill, 203:G–2 (10/23/09); testimony by TIGTA, IRS, GAO officials, 203:TaxCore (10/23/09); TIGTA report on credit challenges, 203:TaxCore (10/23/09)
– – White House touts benefits of extending tax credits, 191:G–5 (10/6/09); HUD Sec'y testifies administration will work with Congress on incentives, 198:G–4 (10/16/09)

– Low-income housing

– – Grants in-lieu of credits, Treasury asks OMB to review grant application, 206:G–7 (10/28/09)
– – HUD rule bars placing tax credit equity in escrow, 194:G–3 (10/9/09); proposed rules to conform to 2008 law, 194:TaxCore (10/9/09); HUD issues rules correction, 204:G–4 (10/26/09)

– Military personnel, tax benefits

See LEGISLATION, FEDERAL, HR 3548, HR 3590, S 1728

– Mortgages

See MORTGAGES

– Parsonages, foundation files complaint against tax benefits ministers receive (E.D. Cal.), 200:K–1 (10/20/09); text of complaint, 200:TaxCore (10/20/09)
– Property taxes

See specific states

HSAs

See HEALTH SAVINGS ACCOUNTS (HSAs)