The Treasury Department and IRS today released for publication in the Federal Register final regulations (T.D. 9709) that authorize the IRS to establish rules by which certain nonprofit health insurance issuers may apply for an exemption from federal income tax.
The final regulations [PDF 137 KB] adopt regulations that were proposed in February 2012, without change, and corresponding temporary regulations are removed.
The final regulations affect qualified nonprofit health insurance issuers participating in the Consumer Operated and Oriented Plan program.
The regulations are effective January 29, 2015, when they will be published in the Federal Register.
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