Section 1 Short title
This Act may be cited as the “Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act”.
Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act
A BILL
To amend the Internal Revenue Code of 1986 to provide for the recovery of improper overpayments resulting from certain Federally subsidized health insurance.
Sec. 2 Recovery of improper overpayments resulting from certain Federally subsidized health insurance
In general— Section 36B(f)(2) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B).
Conforming amendments—
Clause (ii) of section 35(g)(12)(B) of such Code is amended by striking “, except that” and all that follows and inserting a period.
So much of paragraph (2) of section 36B(f) of such Code as precedes “advance payments” is amended to read as follows:
“(2) Excess advance payments—If the”
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2016.