Summary: S.2497 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2497. Bill summaries are authored by CRS.

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Introduced in Senate (09/18/2019)

Dependent Income Exclusion Act of 2019

This bill amends the Internal Revenue Code to exclude certain wages or self-employment earnings of a dependent of a taxpayer for purposes of determining the taxpayer's eligibility for premium tax credits used to purchase insurance on Patient Protection and Affordable Care Act exchanges. To qualify for the exclusion, the dependent must be under 18 years of age or has not attained age 24 at a certain time in a calendar year and is a part time student or apprentice or a participant in a job training program.