HR 3912 · 118th Congress · Taxation
Bob von Schwedler Permanent Health Coverage Tax Credit Expansion Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2023-06-07)
Plain Language Summary
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Bob von Schwedler Permanent Health Coverage Tax Credit Expansion Act This bill permanently reauthorizes and expands the Health Coverage Tax Credit. As previously enacted, the Health Coverage Tax Credit covered 72.5% of health insurance costs for certain Trade Adjustment Assistance (TAA) recipients, alternative TAA recipients, and Pension Benefit Guaranty Corporation pension recipients. The credit expired in December 2021. The bill permanently reauthorizes the credit and expands the credit to cover 80% of health insurance costs.…
Summarized by Claude AI · Non-partisan · For informational purposes only