Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act

Bill: 114-hr-4723
Sponsor: full_name: Rep. Jenkins, Lynn [R-KS-2]
Introduced: 2016-03-10
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax credits
Latest action: action_date: 2016-03-23
text: Placed on the Union Calendar, Calendar No. 361.

Summaries:
action_date: 2016-03-10
action_desc: Introduced in House
text: <p><strong>Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act</strong></p> <p>This bill amends the Internal Revenue Code to eliminate the limitation on the increase in tax&nbsp;imposed upon certain low-income families for advance payments of the tax credit for health insurance premium assistance that exceed the allowable amount of such credit. </p>

action_date: 2016-03-23
action_desc: Reported to House with amendment(s)
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><strong>Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act</strong></p> <p>(Sec. 2) This bill amends the Internal Revenue Code to eliminate the limitation on the increase in tax&nbsp;imposed upon certain low-income families for advance payments of the tax credit for health insurance premium assistance that exceed the allowable amount of such credit. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4723 IN THE HOUSE OF REPRESENTATIVES March 10, 2016 Ms. Jenkins of Kansas (for herself, Mr. Tiberi , Mr. Roskam , Mrs. Black , and Mr. Sam Johnson of Texas ) 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 recovery of improper overpayments resulting from certain Federally subsidized health insurance.

1. Short title This Act may be cited as the Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act . 2. Recovery of improper overpayments resulting from certain Federally subsidized health insurance (a) In general Section 36B(f)(2) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B). (b) Conforming amendments (1) Clause (ii) of section 35(g)(12)(B) of such Code is amended by striking , except that and all that follows and inserting a period. (2) So much of paragraph (2) of section 36B(f) of such Code as precedes advance payments is amended to read as follows: (2) Excess advance payments If the . (c) Effective date The amendments made by this subsection shall apply to taxable years beginning after December 31, 2016.

tv_txt: IB Union Calendar No. 361 114th CONGRESS 2d Session H. R. 4723 [Report No. 114–475] IN THE HOUSE OF REPRESENTATIVES March 10, 2016 Ms. Jenkins of Kansas (for herself, Mr. Tiberi , Mr. Roskam , Mrs. Black , and Mr. Sam Johnson of Texas ) introduced the following bill; which was referred to the Committee on Ways and Means March 23, 2016 Additional sponsors: Mr. Meehan and Mr. Renacci March 23, 2016 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on March 10, 2016 A BILL To amend the Internal Revenue Code of 1986 to provide for the recovery of improper overpayments resulting from certain Federally subsidized health insurance.

1. Short title This Act may be cited as the Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act . 2. Recovery of improper overpayments resulting from certain Federally subsidized health insurance (a) In general Section 36B(f)(2) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B). (b) Conforming amendments (1) Clause (ii) of section 35(g)(12)(B) of such Code is amended by striking , except that and all that follows and inserting a period. (2) So much of paragraph (2) of section 36B(f) of such Code as precedes advance payments is amended to read as follows: (2) Excess advance payments If the . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2016.

March 23, 2016 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed