,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dbfg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ai 7legislative  
day1 ,may #ag71 #bjbb,mr4 ,b5net        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to create a tax   
cr$it = qualifi$ heal? insurance        
premiums ( eligible retir$ public safety
 (fic]s1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,public 
,safety ,(fic] ,heal? ,improvem5t ,act (
 #bjbb4  #b4 ,cr$it = qualifi$ heal?    
insurance premiums ( eligible retir$    
public safety (fic]s  7a7 ,9 g5]al      
,subp>t ,a ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] section   
#be;,d ! foll[+ new section3  #be;,e4   
,qualifi$ heal? insurance premiums (    
eligible retir$ public safety (fic]s    
7a7 ,all[ance ( cr$it ,9 ! case ( an    
individual :o is an eligible retir$     
public safety (fic]1 !re %all be all[$ z

 a cr$it aga9/ ! tax impos$ by ?is *apt]
 = ! taxable ye> 9 an am\nt equal to s  
mu* ( ! am\nt paid by su* individual =  
qualifi$ heal? insurance premiums = su* 
taxable ye> z does n exce$ #d1hjj4  7b7 
,def9itions ,= purposes ( ?is section-- 
7#a7 ,eligible retir$ public safety     
(fic] ,! t]m eligible retir$ public     
safety (fic] has ! mean+ giv5 su* t]m by
 section #djb7l77#d77;,b71 except t su* 
t]m %all n include any individual :o has
 atta9$ age #fe4  7#b7 ,qualifi$ heal?  
insurance premiums ,! t]m qualifi$ heal?
 insurance premiums has ! mean+ giv5 su*
 t]m by section #djb7l77#d77;,d74  7c7  
,adju/m5t = inflation ,9 ! case ( a     
taxable ye> beg9n+ aft] ,decemb] #ca1   
#bjbc1 ! #d1hjj am\nt 9 subsection 7a7  
%all be increas$ by an am\nt equal to-- 
7#a7 su* am\nt1 multipli$ by  7#b7 !    
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
#bjbb = #bjaf 9 subp>agraph 7,a77ii7    
!re(4  ,if any am\nt z adju/$ "u !      

prec$+ s5t5ce is n a multiple ( #e1 su* 
am\nt %all be r\nd$ to ! next l[e/      
multiple ( #e4  7d7 ,d5ial ( d\ble      
b5efit ,no cr$it %all be all[$ "u ?is   
section = a taxable ye> if ! individual 
7or ! individual's sp\se7 has made !    
election describ$ 9 p>agraph 7#f7 (     
section #djb7l7 = su* taxable ye>4  4   
7b7 ,cl]ical am5dm5t ,! table ( sections
 = subp>t ,a ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #be;,d ! foll[+ new   
item3  ,sec4 #be;,e4 ,qualifi$ heal?    
insurance premiums ( eligible retir$    
public safety (fic]s4  4  7c7 ,effective
 date ,! am5dm5ts made by ?is section   
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjbb4  #c4 ,adju/m5t =   
inflation ( exclusion ( di/ributions =  
qualifi$ heal? insurance premiums (     
eligible retir$ public safety (fic]s    
7a7 ,9 g5]al ,p>agraph 7#e7 ( section   
#djb7l7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$ by add+ at ! end ! foll[+

 new subp>agraph3  7,c7 ,adju/m5t =     
inflation ,9 ! case ( a taxable ye>     
beg9n+ aft] ,decemb] #ca1 #bjbc1 !      
#c1jjj am\nt 9 p>agraph 7#b7 %all be    
increas$ by an am\nt equal to-- 7i7 su* 
am\nt1 multipli$ by  7ii7 ! co/-(-liv+  
adju/m5t det]m9$ "u section #a7;f77#c7 =
 ! cal5d> ye> 9 :i* ! taxable ye> beg9s1
 det]m9$ by sub/itut+ #bjbb = #bjaf 9   
subp>agraph 7,a77ii7 !re(4  ,if any     
am\nt z adju/$ "u ! prec$+ s5t5ce is n a
 multiple ( #e1 su* am\nt %all be r\nd$ 
to ! next l[e/ multiple ( #e4  4  7b7   
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjbb4