S.772 - Workforce Health Improvement Program Act of 2005109th Congress (2005-2006)
|Sponsor:||Sen. Cornyn, John [R-TX] (Introduced 04/13/2005)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 04/13/2005 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.772 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in Senate (04/13/2005)
Workforce Health Improvement Program Act of 2005 - Amends the Internal Revenue Code to exclude from the gross income of employees: (1) the value of any on-premises employer-provided athletic facility; and (2) fees, dues, or membership expenses paid to an athletic or fitness facility by an employer for its employees, but not exceeding $900 per employee per year.
Allows employers a tax deduction for fees, dues, or membership expenses paid to an athletic or fitness facility. Limits the amount of such deduction to $900 per employee per year.