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S 397 110th Congress Senate

Tax Equity and Affordability Act of 2007

Official title: A bill to amend the Internal Revenue Code of 1986 to allow individuals a refundable credit against income tax for the purchase of private health insurance, and for other purposes.

Introduced: January 25, 2007 See on congress.gov
Taxation Cost of living adjustmentsEconomics and Public FinanceEmployee health benefitsFinance and Financial Sector
More subjectsShow fewer subjects
HealthHealth insuranceIncome taxIndexing (Economic policy)Insurance premiumsLabor and EmploymentMedical economicsTax creditsTax exclusionTax refundsTax returnsUnemployment
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action January 25, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 3515 Related bill Health Insurance Tax Relief Act of 2007
  • HR 914 Identical bill Tax Equity and Affordability Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Thune, John
South Dakota · Jun 11, 2007
 R
Cornyn, John
Texas · Jan 25, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 397: Tax Equity and Affordability Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-397/
MLA
"S. 397: Tax Equity and Affordability Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-397/.
Bluebook (legal)
S. 397, 110th Cong. (2026), https://openamerica.io/bill/110-S-397/.
Markdown link
[S. 397: Tax Equity and Affordability Act of 2007](https://openamerica.io/bill/110-S-397/)
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