Legislative update: Ways and Means votes seven tax-related bills out of committee

Now will be considered by the full House

Now will be considered by the full House

The House Ways and Means Committee today marked up and voted out of committee to now be considered by the full House the seven tax-related bills listed below.

In his opening statement to the markup, Ways and Means Committee Chairman Jason Smith (R-MO) described the bills as follows:

We will also be marking up six bills giving small businesses and their employees more health care options and flexibility while reducing outdated burdens.

We are considering bills to increase flexibility for the more than half of American workers enrolled in high-deductible health plans. These policies are focused on giving businesses more flexibility to expand pre-deductible coverage for key medical services. ...

Additionally, today we will advance a measure to maintain this Committee’s jurisdiction over the airport and airway trust fund as our colleagues on Transportation and Infrastructure Committee work towards a bipartisan reauthorization of the Federal Aviation Administration.

  • H.R. 3796 [PDF 63 KB], “To provide for the extension of taxes funding the Airport and Airway Trust Fund and to require the designation of certain airports as ports of entry” (approved by a vote of 23-18)
    • Read the JCT description: JCX-11-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-18-23
  • H.R. 1843  [PDF 224 KB], the “Telehealth Expansion Act of 2023” (approved by a vote of 30-12)
    • Read the JCT description: JCX-12-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-19-23
  • H.R. 3800 [PDF 71 KB], the “Chronic Disease Flexible Coverage Act” (approved by a vote of 34-6)
    • Read the JCT description: JCX-13-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-20-23
  • H.R. 3797 [PDF 62 KB], the “Paperwork Burden Reduction Act” (approved by a vote of 38-0)
    • Read the JCT description: JCX-14-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-21-23
  • H.R. 3801 [PDF 624 KB], the “Employer Reporting Improvement Act” (approved by a vote of 37-0)
    • Read the JCT description: JCX-15-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-22-23
  • H.R. 3798 [PDF 118 KB], the “Small Business Flexibility Act” (approved by a vote of 36-3)
    • Read the JCT description: JCX-16-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-23-23
  • H.R. 3799 [PDF 254 KB], the “Custom Health Option and Individual Care Expense Arrangement Act” (approved by a vote of 25-18)
    • Read the JCT description: JCX-17-23
    • Read the description of the chairman’s amendment in the nature of a substitute: JCX-24-23

Read the announcement of the markup on the Ways and Means Committee website.

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.