To amend the Internal Revenue Code of 1986 to provide for continued eligibility for the health care tax credit for PBGC pension recipients eligible for the credit at the end of 2013.

Bill: 113-hr-2783
Sponsor: full_name: Rep. Ryan, Tim [D-OH-13]
Introduced: 2013-07-22
Policy area: Taxation
Subjects: Comprehensive health care

Employee benefits and pensions

Health care costs and insurance

Health care coverage and access

Income tax credits
Latest action: action_date: 2013-07-22
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-07-22
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to continue the eligibility of Pension Benefit Guaranty Corporation (PBGC) pension recipients for the health care tax credit after 2013 if such recipients were eligible for such credit in December 2013. </p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2783 IN THE HOUSE OF REPRESENTATIVES July 22, 2013 Mr. Ryan of Ohio (for himself, Mr. Turner , Mr. Johnson of Ohio , Mr. O’Rourke , and Mrs. Davis of California ) 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 continued eligibility for the health care tax credit for PBGC pension recipients eligible for the credit at the end of 2013.

1. Continued eligibility for health care tax credit for certain PBGC pension recipients after 2013 (a) In general Subsection (b) of section 35 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (3) Exception (A) In general Paragraph (1) shall be applied without regard to subparagraph (B) thereof for months after 2013 for so long as there is not a break in coverage in the case of an eligible PBGC pension recipient for whom December 2013 is an eligible coverage month. (B) Coordination If, for any month, subparagraph (A) applies and the individual is an eligible individual— (i) such month shall not be taken into account under section 36B, (ii) no penalty shall be imposed under section 5000A with respect to the eligible individual or any family member who is covered by qualified health insurance, and (iii) the eligible individual shall not be treated as an eligible insured for purposes of section 1402 of the Patient Protection and Affordable Care Act (relating to reduced cost-sharing for individuals enrolling in qualified health plans). (C) Election Subparagraph (A) shall not apply with respect to an eligible individual if the individual elects not to have a month treated as an eligible coverage month. Such election, once made, shall be irrevocable, and the individual may not thereafter be treated as an eligible individual for purposes of this section. . (b) Effective date The amendment made by subsection (a) shall apply to months after December 2013.