In This Issue:
Leading the News; Implementation of the Affordable Care Act; Other HHS and Federal Regulatory Initiatives; Other Congressional and State Initiatives; Hearings and Mark-Ups Scheduled.
Excerpt from Leading the News --
IRS Issues Guidance on Employer Mandate, Information Sharing Relief -
On July 9th, the Internal Revenue Service (IRS) issued guidance providing additional clarity on the Treasury Department’s announcement that the employer mandate and information sharing requirements under the Affordable Care Act (ACA) would be delayed. The guidance also indicates that proposed rules on information reporting provisions will be published in the next few months and both the information reporting and employer shared responsibility rules will take effect beginning in 2015. Following the guidance, the Treasury Department’s Assistant for Tax Policy Mark Mazur wrote to Chairman Fred Upton of the House Energy and Commerce Committee to explain the Obama administration’s authority to delay the employer mandate provision of the ACA.
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