To amend the Internal Revenue Code of 1986 to determine eligibility for health insurance subsidies without regard to amounts included in income by reason of conversion to a Roth IRA.

Bill: 114-hr-4217
Sponsor: full_name: Rep. Bera, Ami [D-CA-7]
Introduced: 2015-12-10
Policy area: Taxation
Subjects: Employee benefits and pensions

Health care costs and insurance

Health care coverage and access

Income tax credits
Latest action: action_date: 2015-12-10
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-12-10
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to exclude any amount includible in gross income for converting to a Roth Individual Retirement Account from the calculation of adjusted gross income used to determine eligibility for, and the amount of, the tax credit for health care insurance premium assistance. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 4217 IN THE HOUSE OF REPRESENTATIVES December 10, 2015 Mr. Bera 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 determine eligibility for health insurance subsidies without regard to amounts included in income by reason of conversion to a Roth IRA.

1. Eligibility for health insurance subsidies determined without regard to amounts included in income by reason of conversion to Roth IRA (a) In general Section 36B(d)(2)(B) of the Internal Revenue Code of 1986 is amended— (1) by redesignating clauses (i), (ii), and (iii) as subclauses (I), (II), and (III), respectively, and by adjusting the indentation of such subclauses accordingly, (2) by striking adjusted gross income increased by— and inserting adjusted gross income— (i) increased by— , (3) by striking the period at the end and inserting , and , and (4) by adding at the end the following new clause: (ii) decreased by any amount included in gross income to which section 408A(d)(3)(A)(i) applies. . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013.