Sec. 102. Advance payment of credit as premium payment for qualified health insurance
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Chapter 77 of the Internal Revenue Code of 1986 (relating to miscellaneous provisions) is amended by adding at the end the following: Not later than January 1, 2014, the Secretary shall establish a program for making payments to providers of qualified health insurance (as defined in section 36B(e)) on behalf of taxpayers eligible for the credit under section 36B. Except as otherwise provided by the Secretary, such payments shall be made on the basis of the adjusted gross income of the taxpayer for the preceding taxable year. For purposes of this section, payments may be made pursuant to subsection
(a)only with respect to individuals for whom a qualified health insurance costs credit eligibility certificate is in effect. . Subsection
(l)of section 6103 of such Code, as amended by section 2, is amended by adding at the end the following new paragraph: The Secretary may, on behalf of taxpayers eligible for the credit under section 36B, disclose to a provider of qualified health insurance (as defined in section 36(e)), and persons acting on behalf of such provider, return information with respect to any such taxpayer only to the extent necessary (as prescribed by regulations issued by the Secretary) to carry out the program established by section 7529 (relating to advance payment of credit as premium payment for qualified health insurance). . Paragraph
(3)of section 6103(a) of such Code, as amended by section 2, is amended by striking or
(20)and inserting (20), or
(21). Paragraph
(2)of section 7213(a) of such Code, as amended by section 2, is amended by striking or
(20)and inserting (20), or
(21). Subpart B of part III of subchapter A of chapter 61 of such Code (relating to information concerning transactions with other persons) is amended by adding at the end the following new section: Every person who is entitled to receive payments for any month of any calendar year under section 7529 (relating to advance payment of credit as premium payment for qualified health insurance) with respect to any individual shall, at such time as the Secretary may prescribe, make the return described in subsection
(b)with respect to each such individual. A return is described in this subsection if such return— is in such form as the Secretary may prescribe, and contains— the name, address, and TIN of each individual referred to in subsection (a), the number of months for which amounts were entitled to be received with respect to such individual under section 7529 (relating to advance payment of credit as premium payment for qualified health insurance), the amount entitled to be received for each such month, and such other information as the Secretary may prescribe. Every person required to make a return under subsection
(a)shall furnish to each individual whose name is required to be set forth in such return a written statement showing— the name and address of the person required to make such return and the phone number of the information contact for such person, and the information required to be shown on the return with respect to such individual. The written statement required under the preceding sentence shall be furnished on or before January 31 of the year following the calendar year for which the return under subsection
(a)is required to be made. . Subparagraph
(B)of section 6724(d)(1) of such Code, as amended by section 2, is amended by striking or at the end of clause (xxii), by striking and at the end of clause (xxiii) and inserting or , and by inserting after clause (xxiii) the following new clause: section 6050X (relating to returns relating to credit for health insurance costs of low-income individuals), and . Paragraph
(2)of section 6724(d) of such Code, as amended by section 2, is amended by striking or at the end of subparagraph (EE), by striking the period at the end of subparagraph
(FF)and inserting , or , and by adding after subparagraph
(FF)the following new subparagraph: section 6050X (relating to returns relating to credit for health insurance costs of low-income individuals). . The table of sections for chapter 77 of such Code is amended by adding at the end the following new item: Sec. 7529. Advance payment of credit as premium payment for qualified health insurance. . The table of sections for subpart B of part III of subchapter A of chapter 61 of such Code is amended by adding at the end the following new item: Sec. 6050X. Returns relating to credit for health insurance costs of low-income individuals. . The amendments made by this section shall take effect on the date of the enactment of this Act.