119-s46

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 46 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 46

 To amend the Internal Revenue Code of 1986 to expand eligibility for 
 the refundable credit for coverage under a qualified health plan.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 January 9, 2025

 Mrs. Shaheen (for herself, Ms. Baldwin, Mr. Schumer, Mr. Wyden, Mr. 
Blumenthal, Mr. King, Ms. Hassan, Mr. Welch, Mr. Kaine, Mr. Coons, Ms. 
 Warren, Mr. Durbin, Mrs. Murray, Mr. Warnock, Mrs. Gillibrand, Mr. 
Reed, Ms. Duckworth, Mr. Van Hollen, Ms. Cortez Masto, Mr. Schatz, Mr. 
 Padilla, Ms. Smith, Ms. Klobuchar, Ms. Rosen, Mr. Kelly, Mr. Booker, 
 Mr. Whitehouse, Mr. Merkley, Mr. Schiff, Mr. Warner, Mr. Markey, Mr. 
 Lujan, Ms. Hirono, Mr. Bennet, Mr. Hickenlooper, Mr. Peters, Mr. 
 Fetterman, Mr. Heinrich, Mr. Kim, and Ms. Slotkin) introduced the 
 following bill; which was read twice and referred to the Committee on 
 Finance

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to expand eligibility for 
 the refundable credit for coverage under a qualified health plan.

 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 ``Health Care Affordability Act of 
2025''.

SEC. 2. INCREASE IN ELIGIBILITY FOR CREDIT.

    (a) In General.--Subparagraph
        (A) of 

section 36B
            (c) (1) of the 
Internal Revenue Code of 1986 is amended by striking ``but does not 
exceed 400 percent''.

    (b) Applicable Percentages.--

    (1) In general.--Subparagraph
        (A) of 

section 36B

    (b)

    (3) of 
 the Internal Revenue Code of 1986 is amended to read as 
 follows:
 ``
        (A) Applicable percentage.--The applicable 
 percentage for any taxable year shall be the percentage 
 such that the applicable percentage for any taxpayer 
 whose household income is within an income tier 
 specified in the following table shall increase, on a 
 sliding scale in a linear manner, from the initial 
 premium percentage to the final premium percentage 
 specified in such table for such income tier:

------------------------------------------------------------------------
 The initial The final
 ``In the case of household income (expressed premium premium
 as a percent of poverty line) within the percentage percentage
 following income tier: is-- is--
------------------------------------------------------------------------
Up to 150 percent............................. 0 0
150 percent up to 200 percent................. 0 2.0
200 percent up to 250 percent................. 2.0 4.0
250 percent up to 300 percent................. 4.0 6.0
300 percent up to 400 percent................. 6.0 8.5
400 percent and higher........................ 8.5 8.5.''.
------------------------------------------------------------------------

    (2) Conforming amendments relating to affordability of 
 coverage.--
        (A) Paragraph

    (1) of 

section 36B
            (c) of such Code is 
 amended by striking subparagraph
        (E) .
        (B) Subparagraph
            (C) of 

section 36B
            (c) (2) of such 
 Code is amended by striking clause
            (iv) .
            (C) Paragraph

    (4) of 

section 36B
            (c) of such Code is 
 amended by striking subparagraph
        (F) .
            (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
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