HR 8242
Health Coverage Tax Credit Reauthorization Act of 2026
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Bill overview
This bill reauthorizes the Health Coverage Tax Credit, extending its availability for several years. Specifically, it modifies the law to extend the credit’s expiration date from 2022 to 2030. This extension aims to provide continued financial assistance to eligible individuals and families purchasing health insurance through the Health Insurance Marketplace. The bill ensures continued support for those seeking affordable healthcare coverage.
Key provisions
- Extends the Health Coverage Tax Credit.
- Changes the credit’s expiration date from 2022 to 2030.
- Modifies Section 35(b)(1)(B) of the Internal Revenue Code.
Who is affected
- Individuals and families purchasing health insurance through the Health Insurance Marketplace.
- Taxpayers eligible for the Health Coverage Tax Credit.
Notable changes
- The Health Coverage Tax Credit will remain available through December 31, 2030.
Fiscal impact
The bill is expected to increase federal spending.
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Primary sponsor
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119th CONGRESS — 2d Session
H. R. 8242
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Internal Revenue Code of 1986 to extend the health coverage tax credit.
This Act may be cited as the Health Coverage Tax Credit Reauthorization Act of 2026
.
before January 1, 2022and inserting
before January 1, 2030.