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Senate Bill 1529
115th Congress(2017-2018)
Addressing Affordability for More Americans Act of 2017
Introduced
Introduced
Introduced in Senate on Jul 11, 2017
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Text
Introduced in Senate 
Jul 11, 2017
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Introduced in Senate(Jul 11, 2017)
Jul 11, 2017
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 1529 (Introduced-in-Senate)


115th CONGRESS
1st Session
S. 1529


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

IN THE SENATE OF THE UNITED STATES

July 11, 2017

Ms. Heitkamp (for herself, Mrs. Shaheen, and Mr. King) 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 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,

SECTION 1. Short title.

This Act may be cited as the “Addressing Affordability 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 “800 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 700%11%13%
700% up to 800%13%15%.”.

(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 “800 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 rows:



“At least 400% but less than 600%$3,500
At least 600% but less than 800%$4,500.”.

(d) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2017.