,i #aafth ,,congress #b;d ,session ,h4 ,r4 #ehbe ,,in ,,the ,,house ,,of ,,representatives ,february #aj1 #bjbj,mr4 ,neal introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide for reporting by certain investors with respect to certain specified medical care providers4 #a4 ,reporting by certain investors with respect to certain specified medical care providers 7a7 ,in general ,subpart ,a of part ,,iii of subchapter ,a of chapter #fa of the ,internal ,revenue ,code of #aihf is amended by inserting after section #fjci;,j the following new section3 #fjci,k4 ,returns by certain investors with respect to certain specified medical care providers 7a7 ,in general ,each reporting person with respect to any specified medical care provider shall electronically file a separate annual return with respect to each such medical care provider which contains the information described in subsection 7b74 7b7 ,information required ,with respect to each specified medical care provider with respect to which the person is a reporting person1 such information as the ,secretary may require relating to each of the following3 7#a7 ,gross receipts 7,a7 ,amounts received by the specified medical care provider as reimbursement for any item or service under title ,,xviii of the ,social ,security ,act4 7,b7 ,amounts received by the specified medical care provider as reimbursement for any item or service received under a ,state plan 7or waiver of such plan7 under title ,,xix of the ,social ,security ,act4 7,c7 ,amounts not described in subparagraph 7,a7 or 7,b7 received by the specified medical care provider pursuant to a negotiated rate with respect to any provider of health insurance4 7,d7 ,amounts received by the specified medical care provider in the sale of1 or other arrangement with respect to1 any receivable arising in connection with the provision of medical care4 7,e7 ,amounts not described in any preceding subparagraph of this paragraph which are received by the specified medical care provider for the provision of medical care 7and a separate statement of such amounts which are received from any provider of health insurance74 7,f7 ,gross receipts not described in any preceding subparagraph of this paragraph 7and divided into such categories as the ,secretary may provide74 7#b7 ,real estate 7,a7 ,the addresses of all real estate owned or leased by the specified medical care provider4 7,b7 ,amounts paid as principal or interest by the specified medical care provider on any debt which is secured by real estate 7and a separate statement of such amounts which are paid to the reporting person or any person related to the reporting person74 7,c7 ,amounts paid by the specified medical care provider as rent for real property 7and a separate statement of such amounts which are paid to the reporting person or any person related to the reporting person74 7#c7 ,other payments to related persons 7,a7 ,amounts paid as principal or interest by the specified medical provider on any debt not described in paragraph 7#b7 to the reporting person or any person related to the reporting person4 7,b7 ,amounts paid by the specified medical care provider as rent for any property other than real property to the reporting person or any person related to the reporting person4 7,c7 ,amounts not described in subparagraph 7,a7 or 7,b7 paid by the specified medical care provider to the reporting person or any person related to the reporting person 7and divided into such categories as the ,secretary may provide74 7#d7 ,other information ,such other information as the ,secretary may reasonably require4 7c7 ,reporting person ,for purposes of this section-- 7#a7 ,in general ,the term reporting person means1 with respect to any specified medical care provider1 any person if-- 7,a7 such person holds an interest in such specified medical care provider1 7,b7 such person 7or any person related to such person7 controls such specified medical care provider1 and 7,c7 such person 7or any person related to such person7 either-- 7i7 is engaged in an applicable trade or business with respect to which any interest in such specified medical care provider is1 directly or indirectly1 an expanded specified asset1 or 7ii7 receives any service from any person engaged in an applicable trade or business described in clause 7i74 7#b7 ,applicable partnership interest requirement 7,a7 ,in general ,a person shall not be treated as a reporting person with respect to any specified medical care provider unless one or more persons receive or hold an applicable partnership interest with respect to the applicable trade or business which is referred to in paragraph 7#a77;,c7 with respect to such specified medical care provider4 7,b7 ,applicable partnership interest ,the term applicable partnership interest has the meaning which would be given such term by section #ajfa7;c7 if the term applicable trade or business had the meaning given such term by paragraph 7#c7 for purposes of such section4 7#c7 ,applicable trade or business ,the term applicable trade or business has the meaning which would be given such term by section #ajfa7;c77#b7 if such section were applied by substituting expanded specified assets for specified assets each place it appears therein4 7#d7 ,expanded specified assets ,the term expanded specified asset means any specified asset 7as defined in section #ajfa7;c77#c77 and any interest in a partnership4 7#e7 ,control ,for purposes of paragraph 7#a77;,b7-- 7,a7 except as provided in subparagraph 7,b71 control shall be determined under the rules of paragraph 7#b7 or 7#c7 of section #fjch7;e71 and 7,b7 if the investment of any person described in paragraph 7#a77;,b7 is coordinated with the investment of any other person the investment of such other person shall be treated as held by such person4 ,for purposes of subparagraph 7,b71 investments of persons shall not fail to be treated as coordinated if contractual obligations exist 7directly or indirectly7 between such persons with respect to such investments or the provision of any services in connection with any applicable trade or business4 7d7 ,specified medical care provider ,for purposes of this section1 the term specified medical care provider means any corporation or partnership which-- 7#a7 is enrolled under section #ahff7;j7 of the ,social ,security ,act1 7#b7 is enrolled as a participating provider in a ,state plan 7or waiver of such plan7 under title ,,xix of such ,act1 or 7#c7 in the course of any trade or business which includes the provision of medical care1 employs any individual who is so enrolled or certified4 7e7 ,related persons ,for purposes of this section1 persons are related to each other if such persons are described in section #bfg7;b7 or #gjg7;b77#a71 determined by substituting #bj percent for #ej percent each place it appears in such sections4 7f7 ,regulations ,the ,secretary shall prescribe such regulations or other guidance as may be necessary to carry out the purposes of this section1 including-- 7#a7 the time and manner of filing the return required under subsection 7a71 7#b7 rules to prevent1 to the extent practicable1 more than one person from being required to report the same information1 7#c7 rules to prevent the use of intermediaries1 agents1 nominee ownership1 and other arrangements to avoid the application of this section1 and 7#d7 rules to require reporting of information to any person by any person related to such person to the extent that such information is necessary for such person to determine if such person is a reporting person1 or is required to be reported by such person under this section1 and is not otherwise available to such person4 7g7 ,public availability of returns ,annual returns filed under this section shall be made available by the ,secretary to the public as soon as practicable in a machine readable format4 4 7b7 ,penalty for failure ,to file complete and correct return ,part ,,ii of subchapter ,b of chapter #fh of such ,code is amended by adding at the end the following new section3 #fgbf4 ,failure to file correct information return with respect to specified medical care providers 7a7 ,in general ,in the case of any person's failure to file a complete and correct return under section #fjci,k with respect to any specified medical care provider 7as defined in such section7 at the time and in the manner prescribed therefor1 such person shall pay a penalty of #e1jjj for each such return for each day during which such failure continues4 7b7 ,maximum penalty per return ,the maximum penalty under this section on failures with respect to any #a return shall not exceed #a1jjj1jjj4 7c7 ,deficiency procedures not ,to apply ,subchapter ,b of chapter #fc 7relating to deficiency procedures for income1 estate1 gift1 and certain excise taxes7 shall not apply with respect to the assessment or collection of any penalty imposed by this section4 4 7c7 ,clerical amendments 7#a7 ,the table of sections for subpart ,a of part ,,iii of subchapter ,a of chapter #fa of such ,code is amended by inserting after the item relating to section #fjci;,j the following new item3 ,sec4 #fjci,k4 ,returns by certain investors with respect to certain specified medical care providers4 4 7#b7 ,the table of sections for part ,,ii of subchapter ,b of chapter #fh of such ,code is amended by adding at the end the following new item3 ,sec4 #fgbf4 ,failure to file correct information return with respect to specified medical care providers4 4 7d7 ,effective date ,the amendments made by this subsection shall apply to returns with respect to taxable years of specified medical care providers beginning after the date of the enactment of this ,act4