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A bill to amend the Internal Revenue Code of 1986 to ensure proper allocation of lump-sum payments of disability insurance benefits for determinations of modified adjusted gross income under the refundable tax credit for coverage under a qualified health plan.

USA115th CongressS-3326| Senate 
| Updated: 8/1/2018
Angus S. King

Angus S. King

Independent Senator

Maine

Cosponsors (1)
Marco Rubio (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Tax Fairness for Disabled Workers Act This bill amends the Internal Revenue Code to prohibit certain lump-sum payments of Social Security Disability Insurance (SSDI) benefits from being included as income to determine if a taxpayer meets the income requirements for the premium assistance tax credit. The bill applies to lump-sum SSDI payments that are: (1) received during the taxable year, and (2) attributable to prior taxable years. (The premium assistance tax credit is provided to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act.)
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Timeline
Aug 1, 2018
Introduced in Senate
Aug 1, 2018
Read twice and referred to the Committee on Finance.
  • August 1, 2018
    Introduced in Senate


  • August 1, 2018
    Read twice and referred to the Committee on Finance.

Taxation

A bill to amend the Internal Revenue Code of 1986 to ensure proper allocation of lump-sum payments of disability insurance benefits for determinations of modified adjusted gross income under the refundable tax credit for coverage under a qualified health plan.

USA115th CongressS-3326| Senate 
| Updated: 8/1/2018
Tax Fairness for Disabled Workers Act This bill amends the Internal Revenue Code to prohibit certain lump-sum payments of Social Security Disability Insurance (SSDI) benefits from being included as income to determine if a taxpayer meets the income requirements for the premium assistance tax credit. The bill applies to lump-sum SSDI payments that are: (1) received during the taxable year, and (2) attributable to prior taxable years. (The premium assistance tax credit is provided to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 1, 2018
Introduced in Senate
Aug 1, 2018
Read twice and referred to the Committee on Finance.
  • August 1, 2018
    Introduced in Senate


  • August 1, 2018
    Read twice and referred to the Committee on Finance.
Angus S. King

Angus S. King

Independent Senator

Maine

Cosponsors (1)
Marco Rubio (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted