Section 9004

SEC. 9004. INCREASE IN ADDITIONAL TAX ON DISTRIBUTIONS FROM HSAS AND ARCHER MSAS NOT USED FOR QUALIFIED MEDICAL EXPENSES.

[a] HSAs- Section 223[f][4][A] of the Internal Revenue Code of 1986 is amended by striking '10 percent' and inserting '20 percent'.

[b] Archer MSAs- Section 220[f][4][A] of the Internal Revenue Code of 1986 is amended by striking '15 percent' and inserting '20 percent'.

[c] Effective Date- The amendments made by this section shall apply to distributions made after December 31, 2010.