[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3986 Introduced in House (IH)]
113th CONGRESS
2d Session
H. R. 3986
To amend the Internal Revenue Code of 1986 to adjust the phaseout of
the health insurance tax credit for geographic variations in the cost-
of-living.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 4, 2014
Mr. Thompson of California (for himself, Ms. Eshoo, Ms. Matsui, Ms.
Speier, Mr. Honda, Ms. Lofgren, Mr. Farr, Mrs. Capps, Mr. Schiff, Mr.
Lowenthal, Mr. Larson of Connecticut, Ms. Esty, Mr. Israel, Mrs. Lowey,
Mr. Nadler, Ms. Clarke of New York, Mr. Bishop of New York, Mrs.
Negrete McLeod, and Mr. Peters of California) 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 adjust the phaseout of
the health insurance tax credit for geographic variations in the cost-
of-living.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Fair Access to Health Care Act''.
SEC. 2. PHASEOUT OF HEALTH INSURANCE TAX CREDIT ADJUSTED TO TAKE INTO
ACCOUNT GEOGRAPHIC VARIATION IN THE COST-OF-LIVING.
(a) In General.--Section 36B(b) of the Internal Revenue Code of
1986 is amended by adding at the end the following new paragraph:
``(4) Geographic adjustment for cost-of-living.--
``(A) In general.--In the case of a taxpayer whose
principal place of residence for any taxable year is
located in a high cost area, there shall be substituted
for each specified amount an amount which bears the
same proportion to such specified amount as the SPM
with respect to such high cost area bears to the
national average SPM.
``(B) High cost area.--For purposes of this
paragraph, the term `high cost area' means any
metropolitan statistical area or non-metropolitan area
the SPM for which exceeds the national average SPM.
``(C) Specified amounts.--For purposes of this
paragraph, the term `specified amount' means each of
the following:
``(i) The `400' amount contained in the
table in paragraph (3)(A)(i).
``(ii) The `400' amount contained in
subsection (c)(1)(A).
``(D) SPM.--For purposes of this paragraph--
``(i) In general.--The term `SPM' means,
with respect to each calendar year, the
Supplemental Poverty Measure as determined by
the Bureau of the Census.
``(ii) National average spm.--The national
average SPM shall be determined without regard
to Alaska and Hawaii.
``(iii) Determination for taxable year
based on preceding calendar year.--SPM with
respect to any taxable year shall be determined
on the basis of the calendar year preceding the
calendar year in which the taxable year begins.
``(E) Alternative measure of cost-of-living.--If
the Secretary determines that another measure of cost-
of-living is more appropriate than the SPM for purposes
of this paragraph, the Secretary shall use such measure
in lieu of the SPM.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after the date of the enactment of this Act.
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