201. Increase in eligibility for premium assistance tax credits
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”.
Conforming amendment— The table contained in clause (i) of section 36B(b)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by striking “400%” and inserting “600%”.
Reconciliation of credit and advance credit— Clause (i) of section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended—
by striking “In the case of” and all that follows through “the amount of” and inserting “The amount of”; and
by striking “but less than 400%” in the table.
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2018.