Section 1 Short title
This Act may be cited as the “Affordable Coverage for More Americans Act of 2017”.
Affordable Coverage for More Americans Act of 2017
A BILL
To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
Sec. 2 Increase in eligibility for credit
In general— Subparagraph (A) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended by striking “400 percent” and inserting “600 percent”.
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:
Limitation on recapture— Clause (i) of section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended—
by striking “400 percent” and inserting “600 percent”;
by striking the period at the end of the last row of the table; and
by adding at the end of the table the following new row:
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2017.