H.R. 942

To amend the Internal Revenue Code of 1986 to provide for the application of the premium tax credit in the case of certain individuals who are unemployed during 2021.

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I

117th CONGRESS

1st Session

H. R. 942

IN THE HOUSE OF REPRESENTATIVES

February 8, 2021

Mrs. McBath (for herself and Ms. Sánchez) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to provide for the application of the premium tax credit in the case of certain individuals who are unemployed during 2021.

1.

Application of premium tax credit in case of individuals receiving unemployment compensation during 2021

(a)

In general

Section 36B of the Internal Revenue Code of 1986 is amended by redesignating subsection (g) as subsection (h) and by inserting after subsection (f) the following new subsection:

(g)

Special rule for individuals who receive unemployment compensation during 2021

(1)

In general

For purposes of this section, in the case of a taxpayer who has received, or has been approved to receive, unemployment compensation for any week beginning during 2021, for the taxable year in which such week begins—

(A)

such taxpayer shall be treated as an applicable taxpayer, and

(B)

there shall not be taken into account any household income of the taxpayer in excess of 133 percent of the poverty line for a family of the size involved.

(2)

Unemployment compensation

For purposes of this subsection, the term unemployment compensation has the meaning given such term in section 85(b).

(3)

Evidence of unemployment compensation

For purposes of this subsection, a taxpayer shall not be treated as having received (or been approved to receive) unemployment compensation for any week unless such taxpayer provides self-attestation of, and such documentation as the Secretary shall prescribe which demonstrates, such receipt or approval.

(4)

Clarification of rules remaining applicable

(A)

Joint return requirement

Paragraph (1)(A) shall not affect the application of subsection (c)(1)(C).

(B)

Household income and affordabillity

Paragraph (1)(B) shall not apply to any determination of household income for purposes of paragraph (2)(C)(i)(II) or (4)(C)(ii) of subsection (c)

.

(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2020.