March 2010

Tax Provisions in the Health Reconciliation Act

From Journal of Accountancy.

Late Thursday, Congress passed the Health Care and Education Reconciliation Act of 2010 (HR 4872). The bill now goes to the president for his signature. The Reconciliation Act amends various provisions of the Patient Protection and Affordable Care Act (PL 111-148), the large health care reform act that was enacted on Tuesday. The Reconciliation Act also adds some new provisions that were not included in the Patient Protection Act.

New provisions include:

  • Premium Assistance Credit
  • Excise Tax on Uninsured Individuals
  • Adult Dependent
  • Excise Tax on High Cost Employer-Sponsored Coverage
  • Medicare Tax on Investment Income
  • Economic Substance Doctrine

Read more.



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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.