Sec. 3. Improving the accuracy of exchange determinations of eligibility for premium assistance tax credits
473 words·~2 min read·
/bill/113/hr/5557/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If an employer provides prospective reporting for any calendar year under subsection (b), such employer shall be treated as making the return described in section 6056(b) of the Internal Revenue Code of 1986 for such year if such return contains, consistent with the requirements of subsection (c)(2), only information with respect to employees with respect to whom the employer has received a notification under section 1411(e)(4)(B)(iii) of the Patient Protection and Affordable Care Act (42 U.S.C. 18081(e)(4)(B)(iii)).
If the preceding sentence applies to any employer for any calendar year, such employer shall be treated as furnishing the statements required under section 6056(c) of such Code, if the employer furnishes such statements to such employees with respect to the information included in the return made under the preceding sentence. Not later than 60 days after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Secretary of Health and Human Services, the Secretary of Labor, and the Administrator of the Small Business Administration, shall implement a reporting system under which an employer may elect to provide the following information with respect to a calendar year before the beginning of such year:
The name, date, and employer identification number of the employer. A certification as to whether the employer offers to its full-time employees the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan (as defined in section 5000A(f)(2) of the Internal Revenue Code of 1986) and whether the employer offers the spouses of such full-time employees the opportunity to enroll in such coverage. The months during the year for which coverage is generally available to full-time employees.
A certification as to whether the coverage described in paragraph
(2)satisfies the requirements to qualify for one of the affordability safe harbors promulgated by the Secretary of the Treasury for purposes of section 4980H of the Internal Revenue Code of 1986. A certification as to whether an employee’s effective date of coverage is generally affected by a waiting period. The reporting system established under subsection
(b)shall provide for— the processes necessary to ensure that Exchanges can access the information described in subsection
(b)to assist in verifying eligibility determinations for advance payment of the premium tax credits under section 36B of the Internal Revenue Code of 1986 and the cost-sharing subsidies under section 1402 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18071 ); and guidance on how employers who voluntarily report in advance under this section could satisfy the report and statement requirements under subsections
(b)and
(c)of section 6056 of the Internal Revenue Code of 1986 by reporting only with respect to employees with respect to whom the employer has received a notification under section 1411(e)(4)(B)(iii) of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18081(e)(4)(B)(iii) ).
Connectionstraces to 2
Citation graph
cites case law
Sec. 3
Improving the accuracy of exchange determinations of eligibility for premium assistance tax credits
Cites 2Cited by 0 across 0 sources