Title: To amend the Internal Revenue Code of 1986 to provide for the application of the premium tax credit in the case of certain individuals who are unemployed during 2021.
Policy area: Taxation

Summary:
This bill makes individual taxpayers who receive unemployment compensation during 2021 eligible for the refundable tax credit for coverage under a qualified health plan.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 942 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 942

     To amend the Internal Revenue Code of 1986 to provide for the 
     application of the premium tax credit in the case of certain 
              individuals who are unemployed during 2021.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 8, 2021

  Mrs. McBath (for herself and Ms. Sanchez) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
     To amend the Internal Revenue Code of 1986 to provide for the 
     application of the premium tax credit in the case of certain 
              individuals who are unemployed during 2021.

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

SECTION 1. APPLICATION OF PREMIUM TAX CREDIT IN CASE OF INDIVIDUALS 
              RECEIVING UNEMPLOYMENT COMPENSATION DURING 2021.

    (a) In General.--Section 36B of the Internal Revenue Code of 1986 
is amended by redesignating subsection (g) as subsection (h) and by 
inserting after subsection (f) the following new subsection:
    ``(g) Special Rule for Individuals Who Receive Unemployment 
Compensation During 2021.--
            ``(1) In general.--For purposes of this section, in the 
        case of a taxpayer who has received, or has been approved to 
        receive, unemployment compensation for any week beginning 
        during 2021, for the taxable year in which such week begins--
                    ``(A) such taxpayer shall be treated as an 
                applicable taxpayer, and
                    ``(B) there shall not be taken into account any 
                household income of the taxpayer in excess of 133 
                percent of the poverty line for a family of the size 
                involved.
            ``(2) Unemployment compensation.--For purposes of this 
        subsection, the term `unemployment compensation' has the 
        meaning given such term in section 85(b).
            ``(3) Evidence of unemployment compensation.--For purposes 
        of this subsection, a taxpayer shall not be treated as having 
        received (or been approved to receive) unemployment 
        compensation for any week unless such taxpayer provides self-
        attestation of, and such documentation as the Secretary shall 
        prescribe which demonstrates, such receipt or approval.
            ``(4) Clarification of rules remaining applicable.--
                    ``(A) Joint return requirement.--Paragraph (1)(A) 
                shall not affect the application of subsection 
                (c)(1)(C).
                    ``(B) Household income and affordabillity.--
                Paragraph (1)(B) shall not apply to any determination 
                of household income for purposes of paragraph 
                (2)(C)(i)(II) or (4)(C)(ii) of subsection (c)''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2020.
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