Additional Notice on Cadillac Tax

Notice 2015-52 provides additional guidance on the possible approach that may be taken to Section 4980I, i.e, the Cadillac tax enacted as part of the Affordable Care Act.

Document Excerpt

This notice is intended to continue the process of developing regulatory guidance regarding the excise tax on high cost employer-sponsored health coverage under ยง 4980I of the Internal Revenue Code (Code). Section 4980I, which was added to the Code by the Affordable Care Act,1 applies to taxable years beginning after December 31, 2017. Under this provision, if the aggregate cost of applicable employer-sponsored coverage (applicable coverage) provided to an employee exceeds a statutory dollar limit (dollar limit), which is adjusted annually, the excess benefit is subject to a 40 percent excise tax.


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