1. Short title
This Act may be cited as the “Health Insurance Relief for Unemployed Individuals and Families”.
Health Insurance Relief for Unemployed Individuals and Families
A BILL
To amend the Internal Revenue Code of 1986 to disregard additional unemployment compensation for purposes of premium tax credit and cost-sharing subsidies, and for other purposes.
2. Disregard of additional unemployment compensation for purposes of premium tax credit and cost-sharing subsidies
by redesignating clauses (i), (ii), and (iii) as subclauses (I), (II), and (III), respectively, and by moving such subclauses 2 ems to the right;
by striking “adjusted gross income increased by” and inserting
“(i) decreased by the amount of any Federal pandemic unemployment compensation paid to an individual under section 2104 of division A of the CARES Act during the taxable year, and; and
“(ii) increased by—”
by adding at the end the following new flush sentence:
Temporary suspension of recapture of excess advance payments— Section 36B(f)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:
“(C) Special rule for 2020 and 2021—Subparagraph (A) shall not apply to any taxable year beginning in 2020 or 2021.”
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2019.