Title: Addressing Affordability for More Americans Act of 2017
Policy area: Taxation

Summary:
Addressing Affordability for More Americans Act of 2017
This bill amends the Internal Revenue Code, with respect to the health care premium assistance refundable tax credit, to: (1) expand eligibility for the credit by defining an "applicable taxpayer" as a taxpayer whose household income for the year does not exceed 800% of the federal poverty line (currently 400%), (2) specify the applicable premium percentages for the credit for taxpayers with incomes that are from 400% to 800% of the federal poverty line, and (3) specify the dollar limitations for the recapture of excess advance payments of the credit from such taxpayers.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1529 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 1529

 To amend the Internal Revenue Code of 1986 to expand eligibility for 
   the refundable credit for coverage under a qualified health plan.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 11, 2017

 Ms. Heitkamp (for herself, Mrs. Shaheen, and Mr. King) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to expand eligibility for 
   the refundable credit for coverage under a qualified health plan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Addressing Affordability for More 
Americans Act of 2017''.

SEC. 2. INCREASE IN ELIGIBILITY FOR CREDIT.

    (a) In General.--Subparagraph (A) of section 36B(c)(1) of the 
Internal Revenue Code of 1986 is amended by striking ``400 percent'' 
and inserting ``800 percent''.
    (b) Applicable Percentages.--The table contained in clause (i) of 
section 36B(b)(3)(A) of the Internal Revenue Code of 1986 is amended by 
striking the period at the end of the last row and by adding at the end 
the following new rows:


 
 
------------------------------------------------------------------------
``400% up to 550%.............................         9.5%          11%
550% up to 700%...............................          11%          13%
700% up to 800%...............................          13%      15%.''.
------------------------------------------------------------------------

    (c) Limitation on Recapture.--Clause (i) of section 36B(f)(2)(B) of 
the Internal Revenue Code of 1986 is amended--
            (1) by striking ``400 percent'' and inserting ``800 
        percent'';
            (2) by striking the period at the end of the last row of 
        the table; and
            (3) by adding at the end of the table the following new 
        rows:


 
 
------------------------------------------------------------------------
``At least 400% but less than 600%.........................       $3,500
At least 600% but less than 800%...........................   $4,500.''.
------------------------------------------------------------------------

    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2017.
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