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House Approves Five Tax Bills

the rascon cpa firm, cpa services, accountant, accounting firm, tax planning, tax law, tax preparation, the woodlands, texasThe House approved five tax bills on July 24. The tax bills cover areas related to health care, IRS administration, and water infrastructure.

The following measures were approved:

  • Protect Medical Innovation Bill of 2018 ( HR 184): this bill would amend the tax code to repeal the 2.3-percent excise tax on medical devices.
  • Ensuring Integrity in the IRS Workforce Bill of 2018 ( HR 3500): this bill would amend the tax code to prohibit the IRS Commissioner from rehiring any IRS employee previously involuntarily separated from service for misconduct.
  • Water and Agriculture Tax Reform Bill ( HR 519): this bill would amend the tax code to facilitate water leasing and water transfers to promote conservation and efficiency.
  • Native American Health Savings Improvement Bill ( HR 1476): this bill would amend the tax code to permit individuals eligible for Indian Health Service assistance to qualify for health savings accounts.
  • Equitable Access to Care and Health Bill ( HR 1201): this bill would amend Code Sec. 5000A to provide an additional Patient Protection and Affordable Care Act (ACA) religious exemption from the individual health coverage mandate.