26 U.S.C. § 139A — Federal subsidies for prescription drug plans

submitted 23 years ago by Pub. L. 108-173 to r/title-26-INTERNAL-REVENUE-CODE · 18 words · no verdicts yet

in plain englishAI-generated · not legal advice

A special subsidy payment that a prescription drug plan receives under the Social Security Act's Medicare Part D program is not counted as taxable income.

This section keeps one specific type of subsidy payment out of taxable income. If someone receives a special subsidy payment under section 1860D–22 of the Social Security Act — a Medicare payment that supports prescription drug plans — that payment is not counted as part of their gross income for tax purposes.

the actual law source: uscode.house.gov ↗public domain

Gross income shall not include any special subsidy payment received under section 1860D–22 of the Social Security Act.

Source credit: (Added Pub. L. 108–173, title XII, § 1202(a), Dec. 8, 2003, 117 Stat. 2480; amended Pub. L. 111–148, title IX, § 9012(a), Mar. 23, 2010, 124 Stat. 868.)

history & why it existsrecord from the source credit

2003Enacted · Pub. L. 108-173 · 117 Stat. 2480
2010Amended · Pub. L. 111-148 · 124 Stat. 868

A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-173 on 2003-12-08.

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