Sec. 1601. Permanent credit for health insurance costs

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Section 35(b)(1)(B) of the Internal Revenue Code of 1986 is amended by striking , and before January 1, 2022 . Section 35(a) of such Code is amended by striking 72.5 percent and inserting 80 percent . Section 7527(a) of such Code is amended by striking the date that is 1 year after the date of the enactment of the Trade Adjustment Assistance Reauthorization Act of 2015 and inserting as soon as practicable and not later than 90 days after the date of the enactment of the . American Worker and Trade Competitiveness Act Subsections

(b)and (e)(1) of section 7527 of such Code are each amended by striking 72.5 percent and inserting 80 percent . Section 7527(e)(1)(A) of such Code is amended by striking the date that is 1 year after the date of the enactment of the Trade Adjustment Assistance Reauthorization Act of 2015 and inserting the date of the enactment of the . American Worker and Trade Competitiveness Act Except as otherwise provided in this subsection, the amendments made by this section shall apply to coverage months beginning after December 31, 2021. The amendments made by subsection

(c)shall apply to coverage months beginning after the date of the enactment of this Act. Notwithstanding section 35(g)(11)(B)(i) of the Internal Revenue Code of 1986, an election to apply section 35 of such Code to an eligible coverage month (as defined in section 35(b) of such Code) beginning after December 31, 2021, and before the close of the taxable year which includes the date of the enactment of this Act— may be made at any time on or after such date of enactment and before the later of— the expiration of the 3-year period of limitation prescribed in section 6511(a) with respect to the taxable year which includes such coverage month, or such date as the Secretary may provide, and may be made on an amended return.