H.R. 4217 (Introduced in House) — To amend the Internal Revenue Code of 1986 to determine eligibility for health insurance subsidies without regard to amounts included in income by reason of conversion to a Roth IRA.

Section 1 Eligibility for health insurance subsidies determined without regard to amounts included in income by reason of conversion to Roth IRA

(a)

In general— Section 36B(d)(2)(B) of the Internal Revenue Code of 1986 is amended—

(1)

by redesignating clauses (i), (ii), and (iii) as subclauses (I), (II), and (III), respectively, and by adjusting the indentation of such subclauses accordingly,

(2)

by striking “adjusted gross income increased by—” and inserting

“(i) increased by—”

(3)

by striking the period at the end and inserting “, and”, and

(4)

by adding at the end the following new clause:

“(ii) decreased by any amount included in gross income to which section 408A(d)(3)(A)(i) applies.”

(b)

Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2013.

To amend the Internal Revenue Code of 1986 to determine eligibility for health insurance subsidies without regard to amounts included in income by reason of conversion to a Roth IRA.

Section 1 Eligibility for health insurance subsidies determined without regard to amounts included in income by reason of conversion to Roth IRA

Cite this provision

Incoming references