summary
Introduced
07/28/2017
07/28/2017
In Committee
07/28/2017
07/28/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Affordable Coverage for More Americans Act of 2017 This bill amends the Internal Revenue Code, with respect to the health care premium assistance refundable tax credit, to: (1) expand eligibility for the credit by defining an "applicable taxpayer" as a taxpayer whose household income for the year does not exceed 600% of the federal poverty line (currently 400%), (2) specify the applicable premium percentages for the credit for taxpayers with incomes that are from 400% to 600% of the federal poverty line, and (3) specify the dollar limitations for the recapture of excess advance payments of the credit from such taxpayers.
AI Summary
This bill aims to expand eligibility for the health care premium assistance refundable tax credit. Specifically, it does the following:
1. Expands the eligibility for the credit by defining an "applicable taxpayer" as someone whose household income does not exceed 600% of the federal poverty line, up from the current 400% threshold.
2. Specifies the applicable premium percentages for the credit for taxpayers with incomes between 400% and 600% of the federal poverty line.
3. Increases the dollar limitations for the recapture of excess advance payments of the credit from taxpayers with incomes between 400% and 600% of the federal poverty line.
These changes are intended to make the health care premium assistance tax credit available to a broader range of Americans and provide more affordable coverage options. The amendments made by this bill would apply to taxable years beginning after December 31, 2017.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to the House Committee on Ways and Means. (on 07/28/2017)
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/115th-congress/house-bill/3620/all-info |
| BillText | https://www.congress.gov/115/bills/hr3620/BILLS-115hr3620ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr3620/BILLS-115hr3620ih.pdf.pdf |
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