A bill to change the effective date of section 366 of the Revenue Act of 1978 which relates to the taxation of beneficiaries of certain self-insured medical expense reimbursement plans.

Amends the Internal Revenue Code to provide that the amendments relating to the taxation of beneficiaries of medical expense reimbursement plans enacted by the Revenue Act of 1978 shall apply to taxable years beginning after the later of December 31, 1979, or 60 days after the date on which the Internal Revenue Service first publishes final regulations for such plans.