summary
Introduced
09/24/2024
09/24/2024
In Committee
12/17/2024
12/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
AI Summary
This bill, the Health Care Affordability Act of 2024, aims to expand eligibility for the refundable tax credit that helps people pay for health insurance coverage under a qualified health plan. Specifically, the bill removes the current income limit of 400% of the federal poverty line, allowing individuals and families with higher incomes to qualify for the tax credit. The bill also modifies the "applicable percentage" used to calculate the amount of the tax credit, increasing the percentage for certain income tiers to make health coverage more affordable. These changes would take effect for taxable years beginning after December 31, 2025.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (36)
Lauren Underwood (D)*,
Gabe Amo (D),
Nanette Barragán (D),
Don Beyer (D),
Lisa Blunt Rochester (D),
Shontel Brown (D),
Nikki Budzinski (D),
Kathy Castor (D),
Angie Craig (D),
Don Davis (D),
Diana DeGette (D),
Suzan DelBene (D),
Chris Deluzio (D),
Mark DeSaulnier (D),
Lois Frankel (D),
Raúl Grijalva (D),
Steven Horsford (D),
Steny Hoyer (D),
Val Hoyle (D),
Hank Johnson (D),
Barbara Lee (D),
Gwen Moore (D),
Joe Morelle (D),
Jerry Nadler (D),
Eleanor Holmes Norton (D),
Frank Pallone (D),
Jimmy Panetta (D),
Brittany Pettersen (D),
Chellie Pingree (D),
Mark Pocan (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Bobby Scott (D),
Haley Stevens (D),
Dina Titus (D),
Paul Tonko (D),
Last Action
Referred to the Subcommittee on Health. (on 12/17/2024)
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/118th-congress/house-bill/9774/all-info |
| BillText | https://www.congress.gov/118/bills/hr9774/BILLS-118hr9774ih.pdf |
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