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S. 1307 - Affordable Health Insurance for the Middle Class Act
Introduced: 2017-06-07
Bill Status: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330-3331)
 
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115th CONGRESS
1st Session
S. 1307


    To amend the Internal Revenue Code of 1986 to expand eligibility to receive refundable tax credits for coverage under a qualified health plan.


IN THE SENATE OF THE UNITED STATES

June 7, 2017

    Mrs. Feinstein (for herself, Ms. Hassan, Ms. Warren, Ms. Harris, Ms. Baldwin, Mr. Leahy, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

    To amend the Internal Revenue Code of 1986 to expand eligibility to receive refundable tax credits for coverage under a qualified health plan.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Affordable Health Insurance for the Middle Class Act”.

SEC. 2. Expansion of eligibility for refundable credits for coverage under qualified health plans.

(a) In general.—Section 36B(c)(1)(A) of the Internal Revenue Code of 1986 is amended by striking “but does not exceed 400 percent”.

(b) Conforming amendment.—The table in section 36B(b)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by striking “up to 400%” and inserting “or higher”.

(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.


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