Affordable Health Insurance for the Middle Class Act

Bill: 115-s-1307
Sponsor: full_name: Sen. Feinstein, Dianne [D-CA]
Introduced: 2017-06-07
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax credits
Latest action: action_date: 2017-06-07
text: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330-3331)

Summaries:
action_date: 2017-06-07
action_desc: Introduced in Senate
text: <p><b>Affordable Health Insurance for the Middle Class Act </b></p> <p>This bill amends the Internal Revenue Code to modify the eligibility requirements for the premium assistance tax credit, which is provided to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act. </p> <p>The bill expands eligibility for the credit by defining an &quot;applicable taxpayer&quot; as a taxpayer whose household income for the taxable year equals or exceeds 100% of the federal poverty line. (Under current law, household income must equal or exceed 100%, but may not exceed 400% of the poverty line.) </p>

tv_txt: II 115th CONGRESS 1st Session S. 1307 IN THE SENATE OF THE UNITED STATES June 7, 2017 Mrs. Feinstein (for herself, Ms. Hassan , Ms. Warren , Ms. Harris , Ms. Baldwin , Mr. Leahy , and Mrs. Gillibrand ) 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 expand eligibility to receive refundable tax credits for coverage under a qualified health plan.

1. Short title This Act may be cited as the Affordable Health Insurance for the Middle Class Act . 2. Expansion of eligibility for refundable credits for coverage under qualified health plans (a) In general Section 36B(c)(1)(A) of the Internal Revenue Code of 1986 is amended by striking but does not exceed 400 percent . (b) Conforming amendment The table in section 36B(b)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by striking up to 400% and inserting or higher . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.