115th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
July 28, 2017
Mr. Ruiz (for himself, Mr. Carbajal, and Mr. Kihuen) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit 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,
This Act may be cited as the “Affordable Coverage for More Americans Act of 2017”.
SEC. 2. Increase in eligibility for credit.
(a) In general.—Subparagraph (A) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended by striking “400 percent” and inserting “600 percent”.
(b) Applicable percentages.—The table contained in clause (i) of section 36B(b)(3)(A) of the Internal Revenue Code of 1986 is amended by striking the period at the end of the last row and by adding at the end the following new rows:
| “400% up to 550% | 9.5% | 11% |
| 550% up to 600% | 11% | 13%”. |
(c) Limitation on recapture.—Clause (i) of section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended—
(1) by striking “400 percent” and inserting “600 percent”;
(2) by striking the period at the end of the last row of the table; and
(3) by adding at the end of the table the following new row:
| “At least 400% but less than 600% | $3,500”. |
(d) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2017.