To amend the Internal Revenue Code of 1986 to provide for the application of the premium tax credit in the case of certain individuals who are unemployed during 2021.

Bill: 117-hr-942
Sponsor: full_name: Rep. McBath, Lucy [D-GA-6]
Introduced: 2021-02-08
Policy area: Taxation
Subjects: Health care costs and insurance

Health care coverage and access

Income tax credits

Poverty and welfare assistance

Tax administration and collection, taxpayers

Unemployment
Latest action: action_date: 2021-02-08
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-02-08
action_desc: Introduced in House
text: <p>This bill makes individual taxpayers who receive unemployment compensation during 2021 eligible for the refundable tax credit for coverage under a qualified health plan.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 942 IN THE HOUSE OF REPRESENTATIVES February 8, 2021 Mrs. McBath (for herself and Ms. Sánchez ) 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 application of the premium tax credit in the case of certain individuals who are unemployed during 2021.

1. Application of premium tax credit in case of individuals receiving unemployment compensation during 2021 (a) In general Section 36B of the Internal Revenue Code of 1986 is amended by redesignating subsection (g) as subsection (h) and by inserting after subsection (f) the following new subsection: (g) Special rule for individuals who receive unemployment compensation during 2021 (1) In general For purposes of this section, in the case of a taxpayer who has received, or has been approved to receive, unemployment compensation for any week beginning during 2021, for the taxable year in which such week begins— (A) such taxpayer shall be treated as an applicable taxpayer, and (B) there shall not be taken into account any household income of the taxpayer in excess of 133 percent of the poverty line for a family of the size involved. (2) Unemployment compensation For purposes of this subsection, the term unemployment compensation has the meaning given such term in section 85(b). (3) Evidence of unemployment compensation For purposes of this subsection, a taxpayer shall not be treated as having received (or been approved to receive) unemployment compensation for any week unless such taxpayer provides self-attestation of, and such documentation as the Secretary shall prescribe which demonstrates, such receipt or approval. (4) Clarification of rules remaining applicable (A) Joint return requirement Paragraph (1)(A) shall not affect the application of subsection (c)(1)(C). (B) Household income and affordabillity Paragraph (1)(B) shall not apply to any determination of household income for purposes of paragraph (2)(C)(i)(II) or (4)(C)(ii) of subsection (c) . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2020.