Sec. 102. Expanding affordability for working families to fix the family glitch
242 words·~1 min read·
/bill/116/s/4521/is/section-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Clause
(i)of section 36B(c)(2)(C) of the Internal Revenue Code of 1986 is amended to read as follows: An employee shall not be treated as eligible for minimum essential coverage if such coverage consists of an eligible employer-sponsored plan (as defined in section 5000A(f)(2)) and the employee’s required contribution (within the meaning of section 5000A(e)(1)(B)) with respect to the plan exceeds 9.5 percent of the employee’s household income. An individual who is eligible to enroll in an eligible employer-sponsored plan (as defined in section 5000A(f)(2)) by reason of a relationship the individual bears to the employee shall not be treated as eligible for minimum essential coverage by reason of such eligibility to enroll if the employee’s required contribution (within the meaning of section 5000A(e)(1)(B), determined by substituting family for self-only ) with respect to the plan exceeds 9.5 percent of the employee’s household income. . Clause
(ii)of section 36B(c)(2)(C) of the Internal Revenue Code of 1986 is amended by striking Except as provided in clause (iii), an employee and inserting An individual . Clause
(iii)of section 36B(c)(2)(C) of such Code is amended by striking the last sentence of clause
(i)and inserting clause (i)(II) . Clause
(iv)of section 36B(c)(2)(C) of such Code is amended by striking the 9.5 percent under clause (i)(II) and inserting the 9.5 percent under clauses (i)(I) and (i)(II) . The amendments made by this section shall apply to taxable years beginning after December 31, 2021.