S 397
110th Congress
Senate
Taxation
Cost of living adjustments
Economics and Public Finance
Employee health benefits
Finance and Financial Sector
Health
Health insurance
Income tax
Indexing (Economic policy)
Insurance premiums
Labor and Employment
Medical economics
Tax credits
Tax exclusion
Tax refunds
Tax returns
Unemployment
Tax Equity and Affordability Act of 2007
Introduced: January 25, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2007
Read twice and referred to the Committee on Finance.
Jan 25, 2007
Introduced in Senate
Plain-English summary
Tax Equity and Affordability Act of 2007 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents; (2) require business taxpayers who receive payments for certain employee health insurance coverage to file informational returns; (3) direct the Secretary of the Treasury to make advance payments of health insurance tax credit amounts to health insurance providers; and (4) limit the tax exclusion for employer-provided health care coverage.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1