Daily Tax Update - July 22, 2013: Treasury Releases Semiannual Regulatory Agenda

Treasury Releases Semiannual Regulatory Agenda:  The Treasury Department has released its semiannual regulatory agenda, which  includes regulations that the Department has issued or expects to issue and rules currently in effect that are under departmental or bureau review.

Among the items included are:

  • Proposed regulations under tax code Section 6056 enacted under the Affordable Care Act (ACA) that require large employers to file certain information with the Internal Revenue Service on coverage under an eligible employer-sponsored health plan
  • Proposed amendments to Section 31 of the employment tax regulations that provide guidance for employers and employees relating to the implementation of the additional Medicare tax as enacted by ACA
  • Proposed regulations on the indoor tanning services excise taxes under ACA, affecting users and providers of indoor tanning services

The document can be accessed via: semiannual.pdf