Health Coverage Tax Credit Reauthorization

Summary#

This bill changes the Internal Revenue Code to extend the Health Coverage Tax Credit (HCTC). It amends section 35(b)(1)(B) by replacing the date "before January 1, 2022" with "before January 1, 2030." The amendment takes effect for months beginning after December 31, 2021, which keeps the credit available through December 31, 2029.

What it means for you#

If you are eligible for the HCTC, this bill would keep that tax credit available for months through December 31, 2029. No publicly available information on changes to who is eligible or on credit amounts.

Expenses#

No publicly available information on costs, budgetary estimates, or effects on federal spending is included in the bill text.

Proponents' View#

No publicly available information.

Opponents' View#

No publicly available information.