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[IWS] IRS: FINAL RULE: SHARED RESPONSIBILITY FOR EMPLOYERS REGARDING HEALTH COVERAGE [12 February 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
FEDERAL REGISTER, Vol. 79 Wednesday, No. 29 February 12, 2014
Department of the Treasury
Internal Revenue Service
26 CFR Parts 1, 54, and 301
Shared Responsibility for Employers Regarding Health Coverage; Final Rule
[full-text, 59 pages]
Shared Responsibility for Employers Regarding Health Coverage
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations.
SUMMARY: This document contains final regulations providing guidance to employers that are subject to the shared
responsibility provisions regarding employee health coverage under section 4980H of the Internal Revenue Code
(Code), enacted by the Affordable Care Act. These regulations affect employers referred to as applicable large employers
(generally meaning, for each year, employers that had 50 or more full-time employees, including full-time
equivalent employees, during the prior year). Generally, under section 4980H an applicable large employer that, for a
calendar month, fails to offer to its fulltime employees health coverage that is affordable and provides minimum value
may be subject to an assessable payment if a full-time employee enrolls for that month in a qualified health plan for
which the employee receives a premium tax credit.
DATES: Effective date: These regulations are effective February 12, 2014.
Applicability Dates: For dates of applicability, see section XVI of this preamble, §§ 54.4980H–1(b), 54.4980H–2(f), 54.4980H–3(i), 54.4980H–4(h), 54.4980H–5(g), and 54.4980H–6(b).
FOR FURTHER INFORMATION CONTACT:
Kathryn Johnson or Shad Fagerland,
(202) 317–6846 (not a toll-free number).
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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