AN ACT TO ALLOW PRODUCTS SELECTED BY THE EMPLOYEE INSURANCE COMMITTEES TO BE OFFERED ON A PRETAX BASIS. Enacted June 25, 2018. Effective June 25, 2018, and applies to products or services regulated herein funded by payroll deductions beginning on or after January 1, 2019.
Summary date: Jun 26 2018 - View summary
Summary date: Jun 13 2018 - View summary
Senate committee substitute amends the 2nd ed. to make the act applicable to products or services funded by payroll deductions on or after January 1, 2019, instead of January 1, 2018.
Summary date: Apr 20 2017 - View summary
House committee substitute makes the following changes to the 1st edition.
Adds that the products selected by the Employee Insurance Committee that can be offered on a pretax basis pursuant to GS 58-31-60(c), as amended, are limited to products that qualify as a cafeteria plan under section 125 of the Internal Revenue Code.
Summary date: Apr 5 2017 - View summary
As title indicates.
Act is effective when it becomes law and applies to products or services as regulated herein that will be funded by payroll deductions on or after January 1, 2018.