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S. 221Senate112th Congress (2011-2013)In Committee

A bill to amend the Internal Revenue Code of 1986 to extend the health insurance costs tax credit, and for other purposes.

Sponsored by Sherrod BrownSen. Sherrod Brown (D-OH)
Introduced January 27, 2011

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Read twice and referred to the Committee on Finance.

Finance Committee

January 27, 2011

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SenateIntro Referral

Introduced in Senate

January 27, 2011

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

January 27, 2011

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Introduced in SenateIssued January 27, 2011

II

112th CONGRESS

1st Session

S. 221

IN THE SENATE OF THE UNITED STATES

January 27, 2011

Mr. Brown of Ohio (for himself, Mr. Rockefeller, Ms. Stabenow, and Mr. Casey) 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 extend the health insurance costs tax credit, and for other purposes.

1.

Improvement of the affordability of the credit

(a)

In general

Section 35(a) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

Conforming amendment

Section 7527(b) of such Code is amended by striking February 13, 2011 and inserting July 1, 2012.

(c)

Effective date

The amendments made by this section shall apply to coverage months beginning after February 12, 2011.

2.

Payment for the monthly premiums paid prior to commencement of the advance payments of credit

(a)

In general

Section 7527(e) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

Effective date

The amendment made by this section shall apply to coverage months beginning after February 12, 2011.

3.

TAA recipients not enrolled in training programs eligible for credit

(a)

In general

Section 35(c)(2)(B) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

Effective date

The amendment made by this section shall apply to coverage months beginning after February 12, 2011.

4.

TAA pre-certification period rule for purposes of determining whether there is a 63-day lapse in creditable coverage

(a)

IRC amendment

Section 9801(c)(2)(D) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

ERISA amendment

Section 701(c)(2)(C) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1181(c)(2)(C)) is amended by striking February 13, 2011 and inserting July 1, 2012.

(c)

PHSA amendment

Section 2701(c)(2)(C) of the Public Health Service Act (42 U.S.C. 300gg(c)(2)(C)) is amended by striking February 13, 2011 and inserting July 1, 2012.

(d)

Effective date

The amendments made by this section shall apply to plan years beginning after February 12, 2011.

5.

Continued qualification of family members after certain events

(a)

In general

Section 35(g)(9) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

Conforming amendment

Section 173(f)(8) of the Workforce Investment Act of 1998 (29 U.S.C. 2918(f)(8)) is amended by striking February 13, 2011 and inserting July 1, 2012.

(c)

Effective date

The amendments made by this section shall apply to months beginning after February 12, 2011.

6.

Extension of COBRA benefits for certain TAA-eligible individuals and PBGC recipients

(a)

ERISA amendments

(1)

PBGC recipients

Section 602(2)(A)(v) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1162(2)(A)(v)) is amended by striking February 12, 2011 and inserting June 30, 2012.

(2)

TAA-eligible individuals

Section 602(2)(A)(vi) of such Act (29 U.S.C. 1162(2)(A)(vi)) is amended by striking February 12, 2011 and inserting June 30, 2012.

(b)

IRC amendments

(1)

PBGC recipients

Section 4980B(f)(2)(B)(i)(V) of the Internal Revenue Code of 1986 is amended by striking February 12, 2011 and inserting June 30, 2012.

(2)

TAA-eligible individuals

Section 4980B(f)(2)(B)(i)(VI) of such Code is amended by striking February 12, 2011 and inserting June 30, 2012.

(c)

PHSA amendments

Section 2202(2)(A)(iv) of the Public Health Service Act (42 U.S.C. 300bb–2(2)(A)(iv)) is amended by striking February 12, 2011 and inserting June 30, 2012.

(d)

Effective date

The amendments made by this section shall apply to periods of coverage which would (without regard to the amendments made by this section) end on or after February 12, 2011.

7.

Addition of coverage through voluntary employees' beneficiary associations

(a)

In general

Section 35(e)(1)(K) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

Effective date

The amendment made by this section shall apply to coverage months beginning after February 12, 2011.

8.

Notice requirements

(a)

In general

Section 7527(d)(2) of the Internal Revenue Code of 1986 is amended by striking February 13, 2011 and inserting July 1, 2012.

(b)

Effective date

The amendment made by this section shall apply to certificates issued after February 12, 2011.

9.

Application of levy to payments to Federal vendors relating to property

(a)

In general

Section 6331(h)(3) of the Internal Revenue Code of 1986 is amended by striking of goods or services and all that follows and inserting “of—

(A)

goods or services sold or leased to the Federal Government, or

(B)

in the case of levies issued during the 2-year period beginning after the date of the enactment of this subparagraph, property so sold or leased.

.

(b)

Effective date

The amendment made by this section shall apply to levies issued after the date of the enactment of this Act.