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Making Health Coverage Tax Credit Permanent and Increasing Financial Relief

This bill makes the Health Coverage Tax Credit (HCTC) a permanent feature of the tax code. It increases the credit amount from 72.5% to 80% of health insurance premium costs. These changes are effective for coverage months beginning after December 31, 2021, allowing for amended tax returns.
Key points
The Health Coverage Tax Credit (HCTC) is made permanent.
The tax credit percentage increases from 72.5% to 80% of qualified health insurance costs.
Eligible individuals can claim the increased credit retroactively for coverage periods beginning after December 31, 2021.
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Expired
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Additional Information
Print number: 118_HR_3912
Sponsor: Rep. Kildee, Daniel T. [D-MI-8]
Process start date: 2023-06-07
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bob von Schwedler Permanent Health Coverage Tax Credit Expansion Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3912.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-07.

What are the main provisions?

Key points include:

  • The Health Coverage Tax Credit (HCTC) is made permanent.
  • The tax credit percentage increases from 72.5% to 80% of qualified health insurance costs.
  • Eligible individuals can claim the increased credit retroactively for coverage periods beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kildee, Daniel T. [D-MI-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Taxes Health