US Congress Senate Bill 1005 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 16 2015 - 25% progression, died in committee
Action: 2015-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

A bill to amend the Internal Revenue Code of 1986 to extend and modify the credit for health insurance costs of certain eligible individuals, and for other purposes. This bill extends the tax credit for health insurance costs of a taxpayer and qualifying family members through 2019. The tax credit for health insurance costs is a refundable tax credit equal to 72.5% of the cost of qualified health coverage paid by an eligible individual [defined as an individual who is receiving a trade adjustment allowance, is eligible for the alternative trade adjustment assistance program, or is over age 55 and receives pension benefits from the Pension Benefit Guaranty Corporation (PBGC)]. The bill requires a taxpayer to make an election to have the tax credit apply for any eligible coverage month during a taxable year. An eligible coverage month is a month in which an eligible individual is covered by qualified health insurance, does not have other specified coverage, and is not imprisoned. The bill also directs the Departments of the Treasury, Health and Human Services, and Labor and the PBGC to conduct a public outreach, including on the Internet, to inform individuals eligible for the tax credit for health insurance costs on the extension of such credit and the availability of the election to claim such credit retroactively for coverage months beginning after December 31, 2013.

A bill to amend the Internal Revenue Code of 1986 to extend and modify the credit for health insurance costs of certain eligible individuals, and for other purposes.

Sen. Ron Wyden [D-OR]

Date	Chamber	Action
2015-04-16	Senate	Read twice and referred to the Committee on Finance.

HB1892 (Related) 2015-05-08 - Placed on the Union Calendar, Calendar No. 76.
SB1268 (Related) 2015-05-12 - By Senator Hatch from Committee on Finance filed written report. Report No. 114-44.
HB1314 (Related) 2015-11-02 - Became Public Law No: 114-74. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1005/all-info
Text	https://www.congress.gov/114/bills/s1005/BILLS-114s1005is.pdf