[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7823 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7823

To amend the Internal Revenue Code of 1986 to make the health coverage 
                         tax credit permanent.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 18, 2022

  Mr. Kildee introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to make the health coverage 
                         tax credit permanent.

    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 ``Bob von Schwedler Permanent Health 
Coverage Tax Credit Expansion Act''.

SEC. 2. PERMANENT CREDIT FOR HEALTH INSURANCE COSTS.

    (a) In General.--Section 35(b)(1) of the Internal Revenue Code of 
1986 is amended to read as follows:
            ``(1) In general.--The term `eligible coverage month' means 
        any month if, as of the first day of such month, the taxpayer--
                    ``(A) is an eligible individual,
                    ``(B) is covered by qualified health insurance, the 
                premium for which is paid by the taxpayer,
                    ``(C) does not have other specified coverage, and
                    ``(D) is not imprisoned under Federal, State, or 
                local authority.''.
    (b) Increase in Credit Percentage.--Section 35(a) of the Internal 
Revenue Code of 1986 is amended by striking ``72.5 percent'' and 
inserting ``80 percent''.
    (c) Conforming Amendments.--
            (1) Section 35(e)(2)(B)(i) is amended by striking ``clauses 
        (iii) and (iv) of subsection (b)(1)(A)'' and inserting 
        ``subparagraphs (C) and (D) of subsection (b)(1)''.
            (2) Subsections (b) and (e)(1) of section 7527 of the 
        Internal Revenue Code of 1986 are each amended by striking 
        ``72.5 percent'' and inserting ``80 percent''.
    (d) Effective Date.--The amendments made by this section shall 
apply to coverage months beginning after December 31, 2021.
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