S. 1446 — Introduced in Senate

II 113th CONGRESS 1st Session S. 1446 IN THE SENATE OF THE UNITED STATES August 1, 2013 Mr. Rockefeller (for himself, Mr. Brown, Ms. Stabenow, and Ms. Hirono) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to improve the affordability of the health care tax credit, and for other purposes. 1. Short title This Act may be cited as the Health Care Coverage for Displaced Workers Act. 2. Improvement of the affordability of the health care tax credit (a) Increase in credit Subsection (a) of section 35 of the Internal Revenue Code of 1986 is amended by striking 72.5 percent and inserting 80 percent. (b) Permanent extension Subparagraph (B) of section 35(b)(1) of the Internal Revenue Code of 1986 is amended by striking , and before January 1, 2014. (c) Conforming amendments (1) Subsection (b) of section 7527 of the Internal Revenue Code of 1986 is amended by striking 72.5 percent and inserting 80 percent. (2) Paragraph (1) of section 7527(e) of such Code is amended by striking 72.5 percent and inserting 80 percent. (d) Effective date The amendments made by this section shall apply to coverage months beginning after the date of the enactment of this Act.