Sec. 202. Refundable tax credit for payroll taxes attributable to health insurance premiums
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Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: There shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to the applicable percentage of the premiums paid by the taxpayer for health insurance coverage (as defined in section 9832) of the taxpayer, the taxpayer's spouse, or any dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of the taxpayer.
For purposes of subsection (a), the term applicable percentage means the percentage equal to the sum of the rates of in effect under subsections
(a)and
(b)of section 3101. The amount of the credit allowed under subsection
(a)shall not exceed the excess of— the social security taxes (as defined in section 24(d)) of the taxpayer for the taxable year, reduced by the sum of the credits allowed under section 24(d) and 32 for the taxable year. . Paragraph
(2)of section 1324(b) of title 31, United States Code, is amended by inserting , 36C after 36B . The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item: Sec. 36C. Refund of payroll taxes attributable to health insurance premiums. . The amendments made by this section shall apply to taxable years beginning after December 31, 2017.