113 HR 2783 IH: To amend the Internal Revenue Code of 1986 to provide for continued eligibility for the health care tax credit for PBGC pension recipients eligible for the credit at the end of 2013.
U.S. House of Representatives
2013-07-22
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EN
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1.Continued eligibility for
health care tax credit for certain PBGC pension recipients after 2013
(a)Subsection (b) of section 35 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new paragraph:
(3)
(A)Paragraph (1) shall be applied without regard to
subparagraph (B) thereof for months after 2013 for so long as there is not a
break in coverage in the case of an eligible PBGC pension recipient for whom
December 2013 is an eligible coverage month.
(B)If,
for any month, subparagraph (A) applies and the individual is an eligible
individual—
(i)such month shall
not be taken into account under section 36B,
(ii)no penalty shall
be imposed under section 5000A with respect to the eligible individual or any
family member who is covered by qualified health insurance, and
(iii)the eligible individual shall not be
treated as an eligible insured for purposes of section 1402 of the Patient
Protection and Affordable Care Act (relating to reduced cost-sharing for
individuals enrolling in qualified health plans).
(C)Subparagraph (A) shall not apply with
respect to an eligible individual if the individual elects not to have a month
treated as an eligible coverage month. Such election, once made, shall be
irrevocable, and the individual may not thereafter be treated as an eligible
individual for purposes of this
section.
.
(b)The amendment made by subsection (a) shall apply to months
after December 2013.