Bill
Bill > HR952
US HR952
US HR952To amend the Internal Revenue Code of 1986 to suspend for 2020 the recapture of overpayment of advanced premium tax credit.
summary
Introduced
02/08/2021
02/08/2021
In Committee
02/08/2021
02/08/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to suspend for 2020 the recapture of overpayment of advanced pre- mium tax credit.
AI Summary
This bill amends the Internal Revenue Code of 1986 to suspend for the 2020 tax year the recapture, or payback, of any overpayment of the advanced premium tax credit. The advanced premium tax credit is a government subsidy that helps make health insurance more affordable for individuals and families. Under normal circumstances, if someone receives more of this tax credit than they are eligible for, they must pay back the excess amount when filing their tax return. This bill temporarily waives that requirement for the 2020 tax year, providing financial relief to those who may have received more of the credit than they were entitled to due to changes in their income or other circumstances during the COVID-19 pandemic.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 02/08/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/952/all-info |
| BillText | https://www.congress.gov/117/bills/hr952/BILLS-117hr952ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr952/BILLS-117hr952ih.pdf.pdf |
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