To amend the Internal Revenue Code of 1986 to suspend for 2020 the recapture of overpayment of advanced premium tax credit.

Bill: 117-hr-952
Sponsor: full_name: Rep. Sherrill, Mikie [D-NJ-11]
Introduced: 2021-02-08
Policy area: Taxation
Subjects: Health care coverage and access

Income tax credits

Tax administration and collection, taxpayers
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 suspends for 2020 the recapture of any overpayment of the tax credit for coverage under a qualified health care plan. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 952 IN THE HOUSE OF REPRESENTATIVES February 8, 2021 Ms. Sherrill (for herself and Mr. Suozzi ) 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 suspend for 2020 the recapture of overpayment of advanced premium tax credit.

1. Temporary modification of limitations on reconciliation of tax credits for coverage under a qualified health plan with advance payments of such credit (a) In general Section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: (iii) Temporary modification of limitation on increase In the case of any taxable year beginning in 2020, for any taxpayer who files for such taxable year an income tax return reconciling any advance payment of the credit under this section, the Secretary shall treat subparagraph (A) as not applying. . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2019.