A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the health care tax credit to workers in certain critical industries.

Bill: 116-s-3582
Sponsor: full_name: Sen. Cantwell, Maria [D-WA]
Introduced: 2020-03-25
Policy area: Taxation
Subjects: Aviation and airports

Cardiovascular and respiratory health

Emergency medical services and trauma care

Employee benefits and pensions

Health care costs and insurance

Health care coverage and access

Income tax credits

Infectious and parasitic diseases

Infrastructure development

Manufacturing

Military procurement, research, weapons development

Unemployment
Latest action: action_date: 2020-03-25
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2020-03-25
action_desc: Introduced in Senate
text: <p>This bill extends the tax credit for health insurance costs to eligible national defense or infrastructure workers. An <em>eligible national defense or infrastructure worker</em> is an individual who was employed in a critical industry as of January 31, 2020, filed for unemployment compensation after such date, and is covered by health insurance. A <em>critical industry</em> is an industry related to critical national infrastructure or national defense&nbsp;and is severely distressed due to COVID-19 (i.e., the coronavirus disease 2019).</p> <p>The bill also extends the tax credit through 2022. </p>

tv_txt: II 116th CONGRESS 2d Session S. 3582 IN THE SENATE OF THE UNITED STATES March 25, 2020 Ms. Cantwell (for herself, Mr. Jones , Mr. Bennet , and Ms. Sinema ) 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 for the health care tax credit to workers in certain critical industries.

1. Findings Congress finds the following: (1) In 2018, the United States aerospace and defense manufacturing industry contributed 2,550,000 jobs, accounted for $151,000,000,000 in exports, and supported 1,670,000 supply chain jobs. (2) In 2019, aerospace and defense parts manufacturing and distribution across the United States accounted for $25,400,000,000 in economic activity. (3) The United States aerospace and defense manufacturing industry is critical to the national economy and national defense. 2. Expansion of eligibility for health care tax credit (a) In general Paragraph (1) of section 35(c) of the Internal Revenue Code of 1986 is amended by striking and at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting , and , and by adding at the end the following new subparagraph: (D) an eligible national defense or infrastructure worker. . (b) Eligible national defense or infrastructure worker Subsection (c) of section 35 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5) Eligible national defense or infrastructure worker (A) In general The term eligible national defense or infrastructure worker means an individual who— (i) as of January 31, 2020, was employed in a critical industry, (ii) filed for unemployment compensation (as defined in section 85(b)) after January 31, 2020, and before the applicable date, and (iii) is covered under qualified health insurance described in subsection (e)(1)(A). (B) Critical industry For purposes of this paragraph, the term critical industry means— (i) an industry related to critical national infrastructure or national defense, or (ii) a critical industry which is severely distressed in connection with the coronavirus national emergency, as determined by the Secretary, including the airport, air carrier (as defined in section 40102 of title 49, United States Code), and aerospace industries. (C) Applicable date For purposes of this paragraph, the term applicable date means the earlier of— (i) the date which is 6 months after the last day on which the coronavirus national emergency declaration is in effect, or (ii) January 1, 2023. (D) Coronavirus national emergency For purposes of this paragraph— (i) In general The coronavirus national emergency is the emergency with respect to which the President made the declarations described in clause (ii). (ii) Declarations The last day on which the coronavirus national emergency declaration is in effect is the later of— (I) the last day on which the declaration of the emergency involving Federal primary responsibility determined to exist by the President under section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5191(b) ) with respect to coronavirus disease 2019 (COVID–19) is in effect; or (II) the last day on which the declaration of the national emergency declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) with respect to coronavirus disease 2019 (COVID–19) is in effect. . (c) Advance payment of credit Paragraph (1) of section 7527(d) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting , or , and by adding at the end the following new subparagraph: (C) in the case of an eligible national defense or infrastructure worker (as defined in section 35(c)(5)), is certified by the Secretary (or by any other person or entity designated by the Secretary) (in consultation with the Secretary of Transportation (or any other person or entity designated by such Secretary), in the case of a worker in aviation- or aerospace-related industries). . (d) Effective date The amendments made by this section shall apply to months beginning after January 31, 2020. 3. Extension of credit (a) In general Subparagraph (B) of section 35(b)(1) of the Internal Revenue Code of 1986 is amended by striking January 1, 2021 and inserting January 1, 2023 . (b) Effective date The amendment made by this section shall apply to months beginning after December 31, 2020.