Summary: S.1529 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1529. Bill summaries are authored by CRS.

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Introduced in Senate (07/11/2017)

Addressing Affordability for More Americans Act of 2017

This bill amends the Internal Revenue Code, with respect to the health care premium assistance refundable tax credit, to: (1) expand eligibility for the credit by defining an "applicable taxpayer" as a taxpayer whose household income for the year does not exceed 800% of the federal poverty line (currently 400%), (2) specify the applicable premium percentages for the credit for taxpayers with incomes that are from 400% to 800% of the federal poverty line, and (3) specify the dollar limitations for the recapture of excess advance payments of the credit from such taxpayers.