To amend the Internal Revenue Code of 1986 to provide that employees of certain companies seeking bankruptcy protection are eligible for the health coverage tax credit, and for other purposes.
Referred to the House Committee on Ways and Means.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Nov 17, 2005
Amends the Internal Revenue Code to revise the tax credit for health insurance costs to: (1) extend such credit to employees of companies in bankruptcy reorganization; (2) decrease from 55 to 50 the age at which Pension Benefit Guaranty Corporation pension recipients are eligible for such credit; (3) repeal the three-month existing coverage requirement; and (4) extend the credit to spouses of certain individuals eligible for such credit.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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