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H.R. 4927 - Advancing Youth Enrollment Act

OCT. 30, 2019

H.R. 4927; Advancing Youth Enrollment Act

DATED OCT. 30, 2019
DOCUMENT ATTRIBUTES
  • Authors
    McEachin, Rep. A. Donald
  • Institutional Authors
    U.S. House of Representatives
  • Code Sections
  • Subject Area/Tax Topics
  • Industry Groups
    Health care
    Insurance
  • Jurisdictions
  • Tax Analysts Document Number
    2019-41365
  • Tax Analysts Electronic Citation
    2019 TNTF 211-14
Citations: H.R. 4927; Advancing Youth Enrollment Act

116TH CONGRESS
1ST SESSION

H.R. 4927

To amend the Internal Revenue Code of 1986 to reduce
the applicable percentage under the premium assistance
tax credit for households with young adults.

IN THE HOUSE OF REPRESENTATIVES

OCTOBER 30, 2019

Mr. MCEACHIN (for himself, Ms. DELAURO, Ms. SEWELL
of Alabama, Ms. BARRAGÁN, Ms. CRAIG, Ms. NORTON, Mr. CARSON of Indiana,
Mr. HASTINGS, Mr. PAYNE, Mr. VAN DREW, Mr. MEEKS, Ms. HAALAND,
Mr. SOTO, Ms. CLARKE of New York, Mr. MICHAEL F. DOYLE of Pennsylvania,
Mr. BLUMENAUER, and Mrs. WATSON COLEMAN) introduced the following bill;
which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to reduce the applicable percentage under the premium assistance tax credit for households with young adults.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Advancing Youth Enrollment Act".

SEC. 2. REDUCTION OF APPLICABLE PERCENTAGE FOR CERTAIN TAXPAYERS.

(a) IN GENERAL. — Paragraph (3) of section 36B(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following:

"(F) REDUCTION OF APPLICABLE PERCENTAGE FOR CERTAIN TAXPAYERS. —

"(i) IN GENERAL. — The initial and final applicable percentages under clause (i) of subparagraph (A) (after application of clause (ii) of such subparagraph) shall each be reduced (but not below zero) by —

"(I) in the case of an applicable taxpayer with an eligible household member who has not attained 31 years of age as of the close of the taxable year, an amount equal to the applicable percentage of 2.5 percentage points, and

"(II) in the case of an applicable taxpayer with an eligible household member who has attained at least 31 years of age as of the close of the taxable year, an amount equal to the applicable percentage of —

"(aa) 2.5 percentage points, minus

"(bb) the amount equal to the product of 0.5 percentage points multiplied by the number of years of age of such eligible household member as of the close of the taxable year in excess of 30.

"(ii) APPLICABLE PERCENTAGE. — For purposes of clause (i), the applicable percentage shall be the amount (expressed as a percentage) equal to the quotient of —

"(I) the total number of individuals who —

"(aa) are taken into account in determining the applicable taxpayer's family size under subsection (d)(1) and are covered under the qualified health plan, and

"(bb) have not attained 35 years of age as of the close of the taxable year, and

"(II) the total number of individuals who are described in item (aa) of subclause (I).

"(iii) ELIGIBLE HOUSEHOLD MEMBER. — For purposes of this subparagraph, the term 'eligible household member' means the youngest individual who —

"(I) is taken into account in determining the applicable taxpayer's family size under subsection (d)(1) and is covered under the qualified health plan, and

"(II) has attained 18 years of age but not attained 35 years of age as of the close of the taxable year.

"(iv) ROUNDING. — Any reduction determined under clause (i) shall be rounded to the nearest 1⁄10th of 1 percentage point.".

(b) EFFECTIVE DATE. — The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

DOCUMENT ATTRIBUTES
  • Authors
    McEachin, Rep. A. Donald
  • Institutional Authors
    U.S. House of Representatives
  • Code Sections
  • Subject Area/Tax Topics
  • Industry Groups
    Health care
    Insurance
  • Jurisdictions
  • Tax Analysts Document Number
    2019-41365
  • Tax Analysts Electronic Citation
    2019 TNTF 211-14
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