[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2783 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2783

  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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 22, 2013

  Mr. Ryan of Ohio (for himself, Mr. Turner, Mr. Johnson of Ohio, Mr. 
O'Rourke, and Mrs. Davis of California) 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 provide for continued 
eligibility for the health care tax credit for PBGC pension recipients 
              eligible for the credit at the end of 2013.

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

SECTION 1. CONTINUED ELIGIBILITY FOR HEALTH CARE TAX CREDIT FOR CERTAIN 
              PBGC PENSION RECIPIENTS AFTER 2013.

    (a) In General.--Subsection (b) of section 35 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(3) Exception.--
                    ``(A) In general.--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) Coordination.--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) Election.--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) Effective Date.--The amendment made by subsection (a) shall 
apply to months after December 2013.
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