Freewill
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- Oct 26, 2011
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There has been a lot of discussion in various ways in several threads. What i would like in this thread to stick to what the bill actually says, and here is the section in question.Text of H.R. 3590 111th Patient Protection and Affordable Care Act Passed Congress Enrolled Bill version - GovTrack.us
‘SEC. 36B. REFUNDABLE CREDIT FOR COVERAGE UNDER A QUALIFIED HEALTH PLAN.
‘(a) In General- In the case of an applicable taxpayer, there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to the premium assistance credit amount of the taxpayer for the taxable year.
‘(b) Premium Assistance Credit Amount- For purposes of this section--
‘(1) IN GENERAL- The term ‘premium assistance credit amount’ means, with respect to any taxable year, the sum of the premium assistance amounts determined under paragraph (2) with respect to all coverage months of the taxpayer occurring during the taxable year.
‘(2) PREMIUM ASSISTANCE AMOUNT- The premium assistance amount determined under this subsection with respect to any coverage month is the amount equal to the lesser of--
‘(A) the monthly premiums for such month for 1 or more qualified health plans offered in the individual market within a State which cover the taxpayer, the taxpayer’s spouse, or any dependent (as defined in section 152) of the taxpayer and which were enrolled in through an Exchange established by the State under 1311 of the Patient Protection and Affordable Care Act, or
‘(B) the excess (if any) of--
‘(i) the adjusted monthly premium for such month for the applicable second lowest cost silver plan with respect to the taxpayer, over
‘(ii) an amount equal to 1/12 of the product of the applicable percentage and the taxpayer’s household income for the taxable year.
My reading is "established by the state" what other then state could it possiblly mean? OK maybe a typo, but then there would need to be two typos because it also says: established by the State under 1311
Here is the heading for section 1311:
SEC. 1311. AFFORDABLE CHOICES OF HEALTH BENEFIT PLANS.
(a) Assistance to States to Establish American Health Benefit Exchanges-
(1) PLANNING AND ESTABLISHMENT GRANTS- There shall be appropriated to the Secretary, out of any moneys in the Treasury not otherwise appropriated, an amount necessary to enable the Secretary to make awards, not later than 1 year after the date of enactment of this Act, to States in the amount specified in paragraph (2) for the uses described in paragraph (3).
(2) AMOUNT SPECIFIED- For each fiscal year, the Secretary shall determine the total amount that the Secretary will make available to each State for grants under this subsection.
(3) USE OF FUNDS- A State shall use amounts awarded under this subsection for activities (including planning activities) related to establishing an American Health Benefit Exchange, as described in subsection (b).
(4) RENEWABILITY OF GRANT-
(A) IN GENERAL- Subject to subsection (d)(4), the Secretary may renew a grant awarded under paragraph (1) if the State recipient of such grant--
(i) is making progress, as determined by the Secretary, toward--
(I) establishing an Exchange; and
(II) implementing the reforms described in subtitles A and C (and the amendments made by such subtitles); and
(ii) is meeting such other benchmarks as the Secretary may establish.
(B) LIMITATION- No grant shall be awarded under this subsection after January 1, 2015.
(5) TECHNICAL ASSISTANCE TO FACILITATE PARTICIPATION IN SHOP EXCHANGES- The Secretary shall provide technical assistance to States to facilitate the participation of qualified small businesses in such States in SHOP Exchanges.
Pretty damn clear what they are talking about, at least if one reads plain English. Which in this case the bill is written in pretty plain English.
So I am asking, please if you are tired of the discussion then don't spam it with buttburn comments.
I am also asking for logical, based with fact explanation explaining how "established by the State" is a technical error since it refers to the section dealing with setting up state exchanges. Or what other section in the bill shows more intent then this one.
I will say that it would not be Congress' intention for peoole not to get tax credits but in my opinion they didn't expect most of the states not to fall in line, the thought, as Gurber said was that this was a big enough carrot for the states to follow suit. Then the states didn't they had to come up with something else. Like we were too dumb to see such a glaring error.
‘SEC. 36B. REFUNDABLE CREDIT FOR COVERAGE UNDER A QUALIFIED HEALTH PLAN.
‘(a) In General- In the case of an applicable taxpayer, there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to the premium assistance credit amount of the taxpayer for the taxable year.
‘(b) Premium Assistance Credit Amount- For purposes of this section--
‘(1) IN GENERAL- The term ‘premium assistance credit amount’ means, with respect to any taxable year, the sum of the premium assistance amounts determined under paragraph (2) with respect to all coverage months of the taxpayer occurring during the taxable year.
‘(2) PREMIUM ASSISTANCE AMOUNT- The premium assistance amount determined under this subsection with respect to any coverage month is the amount equal to the lesser of--
‘(A) the monthly premiums for such month for 1 or more qualified health plans offered in the individual market within a State which cover the taxpayer, the taxpayer’s spouse, or any dependent (as defined in section 152) of the taxpayer and which were enrolled in through an Exchange established by the State under 1311 of the Patient Protection and Affordable Care Act, or
‘(B) the excess (if any) of--
‘(i) the adjusted monthly premium for such month for the applicable second lowest cost silver plan with respect to the taxpayer, over
‘(ii) an amount equal to 1/12 of the product of the applicable percentage and the taxpayer’s household income for the taxable year.
My reading is "established by the state" what other then state could it possiblly mean? OK maybe a typo, but then there would need to be two typos because it also says: established by the State under 1311
Here is the heading for section 1311:
SEC. 1311. AFFORDABLE CHOICES OF HEALTH BENEFIT PLANS.
(a) Assistance to States to Establish American Health Benefit Exchanges-
(1) PLANNING AND ESTABLISHMENT GRANTS- There shall be appropriated to the Secretary, out of any moneys in the Treasury not otherwise appropriated, an amount necessary to enable the Secretary to make awards, not later than 1 year after the date of enactment of this Act, to States in the amount specified in paragraph (2) for the uses described in paragraph (3).
(2) AMOUNT SPECIFIED- For each fiscal year, the Secretary shall determine the total amount that the Secretary will make available to each State for grants under this subsection.
(3) USE OF FUNDS- A State shall use amounts awarded under this subsection for activities (including planning activities) related to establishing an American Health Benefit Exchange, as described in subsection (b).
(4) RENEWABILITY OF GRANT-
(A) IN GENERAL- Subject to subsection (d)(4), the Secretary may renew a grant awarded under paragraph (1) if the State recipient of such grant--
(i) is making progress, as determined by the Secretary, toward--
(I) establishing an Exchange; and
(II) implementing the reforms described in subtitles A and C (and the amendments made by such subtitles); and
(ii) is meeting such other benchmarks as the Secretary may establish.
(B) LIMITATION- No grant shall be awarded under this subsection after January 1, 2015.
(5) TECHNICAL ASSISTANCE TO FACILITATE PARTICIPATION IN SHOP EXCHANGES- The Secretary shall provide technical assistance to States to facilitate the participation of qualified small businesses in such States in SHOP Exchanges.
Pretty damn clear what they are talking about, at least if one reads plain English. Which in this case the bill is written in pretty plain English.
So I am asking, please if you are tired of the discussion then don't spam it with buttburn comments.
I am also asking for logical, based with fact explanation explaining how "established by the State" is a technical error since it refers to the section dealing with setting up state exchanges. Or what other section in the bill shows more intent then this one.
I will say that it would not be Congress' intention for peoole not to get tax credits but in my opinion they didn't expect most of the states not to fall in line, the thought, as Gurber said was that this was a big enough carrot for the states to follow suit. Then the states didn't they had to come up with something else. Like we were too dumb to see such a glaring error.