AVAILABILITY OF MEDICAL SAVINGS ACCOUNTS.

SEC. 322. AVAILABILITY OF MEDICAL SAVINGS ACCOUNTS.(a) In General.—Paragraphs (2) and (3)(B) of section 220(i) (defining cut-off year) are each amended by striking “2003” each place it appears in the text and headings and inserting “2005”.(b) Conforming Amendments.—(1) Paragraph (2) of section 220(j) is amended—(A) in the text by striking “or 2002” each place it appears and inserting “2002, or 2004”, and(B) in the heading by striking “or 2002” and inserting “2002, or 2004”.(2) Subparagraph (A) of section 220(j)(4) is amended by striking “and 2002” and inserting “2002, and 2004”.(3) Subparagraph (C) of section 220(j)(2) is amended to read as follows:“(C) No limitation for 2000 or 2003.—The numerical limitation shall not apply for 2000 or 2003.”.(c) Effective Date.—The amendments made by this section shall take effect on January 1, 2004.(d) Time for Filing Reports, Etc.—(1) The report required by section 220(j)(4) of the Internal Revenue Code of 1986 to be made on August 1, 2004, shall be treated as timely if made before the close of the 90-day period beginning on the date of the enactment of this Act.(2) The determination and publication required by section 220(j)(5) of such Code with respect to calendar year 2004 shall be treated as timely if made before the close of the 120-day period beginning on the date of the enactment of this Act. If the determination under the preceding sentence is that 2004 is a cut-off year under section 220(i) of such Code, the cut-off date under such section 220(i) shall be the last day of such 120-day period.