Tax Relief and Health Care Act of 2006

Tax Relief and Health Care Act of 2006

Long title	An act to amend the Internal Revenue Code of 1986 to extend expiring provisions, and for other purposes
Enacted by	the 109th United States Congress
Effective	4 January 2007
Citations
Public law	Pub.L. 109–432
Statutes at Large	120 Stat. 292
Codification
Titles amended	12, 15, 16, 19, 25, 26, 29, 30, 42, 43
Legislative history
Introduced in the House as H.R. 6111 by Ellen O. Tauscher (D-CA-10) on 19 September 2006 Committee consideration by Ways and Means Passed the House on 5 December 2006 (Voice) Passed the Senate on 7 December 2006 (Unanimous Consent) with amendment House agreed to Senate amendment on 8 December 2006 (367 - 45) with further amendment Senate agreed to House amendment on 9 December 2006 (79 - 9) Signed into law by President George W. Bush on 20 December 2006

The Tax Relief and Health Care Act of 2006 (Pub.L. 109–432, 120 Stat. 292), includes a package of tax extenders, provisions affecting health savings accounts and other provisions in the United States.

The Act retroactively extended for two years (through December 31, 2007) certain provisions that had expired at the end of 2005, including:

In addition, the Act extended (through December 31, 2007) certain provisions that would otherwise expire at the end of 2006, including:

The Act extended the new markets tax credit through the end of 2008 and requires that future regulations ensure that non-metropolitan counties receive a proportional allocation of qualified entity investments.

The Act extended through December 31, 2008, numerous energy provisions that would otherwise have expired at the end of 2007, including:

Several provisions affect health savings accounts (HSAs), including provisions dealing with limitations on HSA contributions and tax-free rollovers to HSAs from health reimbursement accounts, flexible spending accounts and individual retirement accounts.

Other provisions include:

The Act makes permanent certain provisions that were included as temporary provisions in the Tax Increase Prevention and Reconciliation Act of 2005 and were otherwise scheduled to expire after 2010, including:

...
Wikipedia