Title: Advancing Youth Enrollment Act
Policy area: Taxation

Summary:
Advancing Youth Enrollment Act
This bill amends the Internal Revenue Code to increase the premium assistance tax credit for taxpayers with household members between the ages of 18-34. (The credit is available to eligible individuals and families to subsidize the purchase of health insurance on an exchange established under the Patient Protection and Affordable Care Act.)
The bill allows an increased tax credit for the purchase of health insurance by reducing the maximum percentage of income that taxpayers under age 31 must pay for coverage by 2.5%, with reductions of .5% for each year for ages 31-34.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2735 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2735

  To amend the Internal Revenue Code of 1986 to reduce the applicable 
percentage under the premium assistance tax credit for households with 
                             young adults.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 30, 2019

  Ms. Baldwin (for herself, Mr. King, and Mr. Booker) 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 reduce the applicable 
percentage under the premium assistance tax credit for households with 
                             young adults.

    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 ``Advancing Youth Enrollment Act''.

SEC. 2. REDUCTION OF APPLICABLE PERCENTAGE FOR CERTAIN TAXPAYERS.

    (a) In General.--Paragraph (3) of section 36B(b) of the Internal 
Revenue Code of 1986 is amended by adding at the end the following:
                    ``(F) Reduction of applicable percentage for 
                certain taxpayers.--
                            ``(i) In general.--The initial and final 
                        applicable percentages under clause (i) of 
                        subparagraph (A) (after application of clause 
                        (ii) of such subparagraph) shall each be 
                        reduced (but not below zero) by--
                                    ``(I) in the case of an applicable 
                                taxpayer with an eligible household 
                                member who has not attained 31 years of 
                                age as of the close of the taxable 
                                year, an amount equal to the applicable 
                                percentage of 2.5 percentage points, 
                                and
                                    ``(II) in the case of an applicable 
                                taxpayer with an eligible household 
                                member who has attained at least 31 
                                years of age as of the close of the 
                                taxable year, an amount equal to the 
                                applicable percentage of--
                                            ``(aa) 2.5 percentage 
                                        points, minus
                                            ``(bb) the amount equal to 
                                        the product of 0.5 percentage 
                                        points multiplied by the number 
                                        of years of age of such 
                                        eligible household member as of 
                                        the close of the taxable year 
                                        in excess of 30.
                            ``(ii) Applicable percentage.--For purposes 
                        of clause (i), the applicable percentage shall 
                        be the amount (expressed as a percentage) equal 
                        to the quotient of--
                                    ``(I) the total number of 
                                individuals who--
                                            ``(aa) are taken into 
                                        account in determining the 
                                        applicable taxpayer's family 
                                        size under subsection (d)(1) 
                                        and are covered under the 
                                        qualified health plan, and
                                            ``(bb) have not attained 35 
                                        years of age as of the close of 
                                        the taxable year, and
                                    ``(II) the total number of 
                                individuals who are described in item 
                                (aa) of subclause (I).
                            ``(iii) Eligible household member.--For 
                        purposes of this subparagraph, the term 
                        `eligible household member' means the youngest 
                        individual who--
                                    ``(I) is taken into account in 
                                determining the applicable taxpayer's 
                                family size under subsection (d)(1) and 
                                is covered under the qualified health 
                                plan, and
                                    ``(II) has attained 18 years of age 
                                but not attained 35 years of age as of 
                                the close of the taxable year.
                            ``(iv) Rounding.--Any reduction determined 
                        under clause (i) shall be rounded to the 
                        nearest \1/10\ of 1 percentage point.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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