Income tax, state; refundable credit for coverage under qualified health plan. (HB531)
Introduced By
Del. Ibraheem Samirah (D-Herndon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax; refundable credit for coverage under qualified health plan. Provides a refundable individual income tax credit for taxable years 2020 through 2024 for a portion of the health care premium costs of a taxpayer insured through the individual marketplace of the Affordable Care Act, provided that such taxpayer has a household income between 400 and 500 percent above the federal poverty line. The amount of the credit would be the lesser of (i) the taxpayer's health care premiums or (ii) the amount by which the premium for a silver plan exceeds 10 percent of household income. Read the Bill »
Status
12/04/2020: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/05/2020 | Prefiled and ordered printed; offered 01/08/20 20104161D |
| 01/05/2020 | Referred to Committee on Finance |
| 01/23/2020 | Assigned Finance sub: Subcommittee #1 |
| 01/26/2020 | Impact statement from TAX (HB531) |
| 01/27/2020 | Subcommittee recommends continuing to 2021 |
| 01/29/2020 | Continued to 2021 in Finance |
| 12/04/2020 | Left in Finance |