,,ii  #aagth ,,congress  #b;d ,session  
,s4 #dbfg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ai       
7legislative day1 ,may #ag71 #bjbb,mr4  
,bennet introduced the following bill2  
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to create a tax credit for        
qualified health insurance premiums of  
eligible retired public safety officers1
 and for other purposes4  #a4 ,short    
title ,this ,act may be cited as the    
,public ,safety ,officer ,health        
,improvement ,act of #bjbb4  #b4 ,credit
 for qualified health insurance premiums
 of eligible retired public safety      
officers  7a7 ,in general ,subpart ,a of
 part ,,iv of subchapter ,a of chapter  
#a of the ,internal ,revenue ,code of   
#aihf is amended by inserting after     
section #be;,d the following new        
section3  #be;,e4 ,qualified health     
insurance premiums of eligible retired  
public safety officers  7a7 ,allowance  

of credit ,in the case of an individual 
who is an eligible retired public safety
 officer1 there shall be allowed as a   
credit against the tax imposed by this  
chapter for the taxable year in an      
amount equal to so much of the amount   
paid by such individual for qualified   
health insurance premiums for such      
taxable year as does not exceed #d1hjj4 
7b7 ,definitions ,for purposes of this  
section-- 7#a7 ,eligible retired public 
safety officer ,the term eligible       
retired public safety officer has the   
meaning given such term by section      
#djb7l77#d77;,b71 except that such term 
shall not include any individual who has
 attained age #fe4  7#b7 ,qualified     
health insurance premiums ,the term     
qualified health insurance premiums has 
the meaning given such term by section  
#djb7l77#d77;,d74  7c7 ,adjustment for  
inflation ,in the case of a taxable year
 beginning after ,december #ca1 #bjbc1  
the #d1hjj amount in subsection 7a7     
shall be increased by an amount equal   

to-- 7#a7 such amount1 multiplied by    
7#b7 the cost-of-living adjustment      
determined under section #a7;f77#c7 for 
the calendar year in which the taxable  
year begins1 determined by substituting 
#bjbb for #bjaf in subparagraph 7,a77ii7
 thereof4  ,if any amount as adjusted   
under the preceding sentence is not a   
multiple of #e1 such amount shall be    
rounded to the next lowest multiple of  
#e4  7d7 ,denial of double benefit ,no  
credit shall be allowed under this      
section for a taxable year if the       
individual 7or the individual's spouse7 
has made the election described in      
paragraph 7#f7 of section #djb7l7 for   
such taxable year4  4  7b7 ,clerical    
amendment ,the table of sections for    
subpart ,a of part ,,iv of subchapter ,a
 of chapter #a of the ,internal ,revenue
 ,code of #aihf is amended by inserting 
after the item relating to section      
#be;,d the following new item3  ,sec4   
#be;,e4 ,qualified health insurance     
premiums of eligible retired public     

safety officers4  4  7c7 ,effective date
 ,the amendments made by this section   
shall apply to taxable years beginning  
after ,december #ca1 #bjbb4  #c4        
,adjustment for inflation of exclusion  
of distributions for qualified health   
insurance premiums of eligible retired  
public safety officers  7a7 ,in general 
,paragraph 7#e7 of section #djb7l7 of   
the ,internal ,revenue ,code of #aihf is
 amended by adding at the end the       
following new subparagraph3  7,c7       
,adjustment for inflation ,in the case  
of a taxable year beginning after       
,december #ca1 #bjbc1 the #c1jjj amount 
in paragraph 7#b7 shall be increased by 
an amount equal to-- 7i7 such amount1   
multiplied by  7ii7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1          
determined by substituting #bjbb for    
#bjaf in subparagraph 7,a77ii7 thereof4 
,if any amount as adjusted under the    
preceding sentence is not a multiple of 

#e1 such amount shall be rounded to the 
next lowest multiple of #e4  4  7b7     
,effective date ,the amendment made by  
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjbb4