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H.R. 952: To amend the Internal Revenue Code of 1986 to suspend for 2020 the recapture of overpayment of advanced premium tax credit.


The text of the bill below is as of Feb 8, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 952

IN THE HOUSE OF REPRESENTATIVES

February 8, 2021

(for herself and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to suspend for 2020 the recapture of overpayment of advanced premium tax credit.

1.

Temporary modification of limitations on reconciliation of tax credits for coverage under a qualified health plan with advance payments of such credit

(a)

In general

Section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause:

(iii)

Temporary modification of limitation on increase

In the case of any taxable year beginning in 2020, for any taxpayer who files for such taxable year an income tax return reconciling any advance payment of the credit under this section, the Secretary shall treat subparagraph (A) as not applying.

.

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2019.