HR 3912
118th Congress
House
Taxation
Bob von Schwedler Permanent Health Coverage Tax Credit Expansion Act
Introduced: June 7, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2023
Referred to the House Committee on Ways and Means.
Jun 7, 2023
Introduced in House
Plain-English summary
Bob von Schwedler Permanent Health Coverage Tax Credit Expansion Act
This bill permanently reauthorizes and expands the Health Coverage Tax Credit.
As previously enacted, the Health Coverage Tax Credit covered 72.5% of health insurance costs for certain Trade Adjustment Assistance (TAA) recipients, alternative TAA recipients, and Pension Benefit Guaranty Corporation pension recipients. The credit expired in December 2021.
The bill permanently reauthorizes the credit and expands the credit to cover 80% of health insurance costs.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1