,,ii #aadth ,,congress #ast ,session ,s4 #ajje ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #af1 #bjae,mr4 ,wyden introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to extend and modify the credit for health insurance costs of certain eligible individuals1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,health ,coverage ,tax ,credit ,extension ,act of #bjae4 #b4 ,extension and modification of ,health ,coverage ,tax ,credit 7a7 ,extension ,subparagraph 7,b7 of section #ce7;b77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking before ,january #a1 #bjad and inserting before ,january #a1 #bjbj4 7b7 ,coordination with credit for coverage under a qualified health plan ,subsection 7g7 of section #ce of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by redesignating paragraph 7#aa7 as paragraph 7#ac71 and 7#b7 by inserting after paragraph 7#aj7 the following new paragraphs3 7#aa7 ,election 7,a7 ,in general ,a taxpayer may elect to have this section apply for any eligible coverage month4 7,b7 ,timing and applicability of election ,except as the ,secretary may provide-- 7i7 an election to have this section apply for any eligible coverage month in a taxable year shall be made not later than the due date 7including extensions7 for the return of tax for the taxable year1 and 7ii7 any election for this section to apply for an eligible coverage month shall apply for all subsequent eligible coverage months in the taxable year and1 once made1 shall be irrevocable with respect to such months4 7#ab7 ,coordination with premium tax credit 7,a7 ,in general ,an eligible coverage month to which the election under paragraph 7#aa7 applies shall not be treated as a coverage month 7as defined in section #cf;,b7c77#b77 for purposes of section #cf;,b with respect to the taxpayer4 7,b7 ,coordination with advance payments of premium tax credit ,in the case of a taxpayer who makes the election under paragraph 7#aa7 with respect to any eligible coverage month in a taxable year or on behalf of whom any advance payment is made under section #gebg with respect to any month in such taxable year-- 7i7 the tax imposed by this chapter for the taxable year shall be increased by the excess1 if any1 of-- 7,i7 the sum of any advance payments made on behalf of the taxpayer under section #adab of the ,patient ,protection and ,affordable ,care ,act and section #gebg for months during such taxable year1 over 7,,ii7 the sum of the credits allowed under this section 7determined without regard to paragraph 7#a77 and section #cf;,b 7determined without regard to subsection 7f77#a7 thereof7 for such taxable year1 and 7ii7 section #cf;,b7f77#b7 shall not apply with respect to such taxpayer for such taxable year1 except that if such taxpayer received any advance payments under section #gebg for any month in such taxable year and is later allowed a credit under section #cf;,b for such taxable year1 then section #cf;,b7f77#b7 shall be applied by substituting the amount determined under clause 7i7 for the amount determined under section #cf;,b7f77#b77;,a74 4 7c7 ,extension of advance payment program 7#a7 ,in general ,subsection 7a7 of section #gebg of the ,internal ,revenue ,code of #aihf is amended by striking ,august #a1 #bjjc and inserting the date that is #a year after the date of the enactment of the ,health ,coverage ,tax ,credit ,extension ,act of #bjae4 7#b7 ,conforming amendment ,paragraph 7#a7 of section #gebg7;e7 of such ,code is amended by striking occurring and all that follows and inserting 8occurring-- 7,a7 after the date that is #a year after the date of the enactment of the ,health ,coverage ,tax ,credit ,extension ,act of #bjae1 and 7,b7 prior to the first month for which an advance payment is made on behalf of such individual under subsection 7a74 4 7d7 ,individual insurance treated as qualified health insurance without regard to enrollment date 7#a7 ,in general ,subparagraph 7,j7 of section #ce7;e77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking insurance if the eligible individual and all that follows through ,for purposes of and inserting insurance4 ,for purposes of4 7#b7 ,special rule ,subparagraph 7,j7 of section #ce7;e77#a7 of such ,code1 as amended by paragraph 7#a71 is amended by striking insurance4 and inserting insurance 7other than coverage enrolled in through an ,exchange established under the ,patient ,protection and ,affordable ,care ,act744 7e7 ,conforming amendment ,subsection 7m7 of section #feja of the ,internal ,revenue ,code of #aihf is amended by inserting 1 #ce7;g77#aa7 after #cj;,d7e77#d74 7f7 ,effective date 7#a7 ,in general ,except as provided in paragraph 7#b71 the amendments made by this section shall apply to coverage months in taxable years beginning after ,december #ca1 #bjac4 7#b7 ,plans available on individual market for use of tax credit ,the amendment made by subsection 7d77#b7 shall apply to coverage months in taxable years beginning after ,december #ca1 #bjae4 7#c7 ,transition rule ,notwithstanding section #ce7;g77#aa77;,b77i7 of the ,internal ,revenue ,code of #aihf 7as added by this ,act71 an election to apply section #ce of such ,code to an eligible coverage month 7as defined in section #ce7;b7 of such ,code7 7and not to claim the credit under section #cf;,b of such ,code with respect to such month7 in a taxable year beginning after ,december #ca1 #bjac1 and before the date of the enactment of this ,act-- 7,a7 may be made at any time on or after such date of enactment and before the expiration of the #c-year period of limitation prescribed in section #feaa7;a7 with respect to such taxable year2 and 7,b7 may be made on an amended return4 #c4 ,agency outreach ,as soon as possible after the date of the enactment of this ,act1 the ,secretaries of the ,treasury1 ,health and ,human ,services1 and ,labor 7or such ,secretaries' delegates7 and the ,director of the ,pension ,benefit ,guaranty ,corporation 7or the ,director's delegate7 shall carry out programs of public outreach1 including on the ,internet1 to inform potential eligible individuals 7as defined in section #ce7;c77#a7 of the ,internal ,revenue ,code of #aihf7 of the extension of the credit under section #ce of the ,internal ,revenue ,code of #aihf and the availability of the election to claim such credit retroactively for coverage months beginning after ,december #ca1 #bjac4