Summary: H.R.914 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.914. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/08/2007)

Tax Equity and Affordability Act of 2007 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents; (2) require business taxpayers who receive payments for certain employee health insurance coverage to file informational returns; (3) direct the Secretary of the Treasury to make advance payments of health insurance tax credit amounts to health insurance providers; and (4) limit the tax exclusion for employer-provided health care coverage.