To amend the Internal Revenue Code of 1986 to suspend for 2020 the recapture of overpayment of advanced premium tax credit.

This bill suspends for 2020 the recapture of any overpayment of the tax credit for coverage under a qualified health care plan.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 952 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 952

  To amend the Internal Revenue Code of 1986 to suspend for 2020 the 
        recapture of overpayment of advanced premium tax credit.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 8, 2021

  Ms. Sherrill (for herself and Mr. Suozzi) 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 suspend for 2020 the 
        recapture of overpayment of advanced premium tax credit.

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

SECTION 1. TEMPORARY MODIFICATION OF LIMITATIONS ON RECONCILIATION OF 
              TAX CREDITS FOR COVERAGE UNDER A QUALIFIED HEALTH PLAN 
              WITH ADVANCE PAYMENTS OF SUCH CREDIT.

    (a) In General.--Section 36B(f)(2)(B) of the Internal Revenue Code 
of 1986 is amended by adding at the end the following new clause:
                            ``(iii) Temporary modification of 
                        limitation on increase.--In the case of any 
                        taxable year beginning in 2020, for any 
                        taxpayer who files for such taxable year an 
                        income tax return reconciling any advance 
                        payment of the credit under this section, the 
                        Secretary shall treat subparagraph (A) as not 
                        applying.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2019.
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