S. 3696, 116th Congress — To Disregard Additional Unemployment Compensation
Summary
Senate bill 3696 of the 116th Congress, 2D Session, is a bill to amend the Internal Revenue Code of 1986 to disregard additional unemployment compensation for purposes of premium tax credit and cost-sharing subsidies. Cardin introduced it on May 12, 2020 with Van Hollen, Shaheen, Bennet, Brown, and Markey, and it was referred to the Committee on Finance. Adjusted gross income would be decreased by the amount of any Federal pandemic unemployment compensation paid to an individual under section 2104 of division A of the CARES Act during the taxable year. Subparagraph (A) would not apply to any taxable year beginning in 2020 or 2021, and the amendments apply to taxable years beginning after December 31, 2019.
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“S. 3696, 116th Congress — To Disregard Additional Unemployment Compensation.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116s3696is-bills-116s3696is/
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II
116TH CONGRESS
2D SESSION
S. 3696
To amend the Internal Revenue Code of 1986 to disregard additional unem-
ployment compensation for purposes of premium tax credit and cost-
sharing subsidies, and for other purposes.
IN THE SENATE OF THE UNITED STATES
MAY 12, 2020
Mr. CARDIN (for himself, Mr. VAN HOLLEN, Mrs. SHAHEEN, Mr. BENNET,
Mr. BROWN, and Mr. MARKEY) introduced the following bill; which was
read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to disregard
additional unemployment compensation for purposes of
premium tax credit and cost-sharing subsidies, and for
other purposes.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Health Insurance Re-
5 lief for Unemployed Individuals and Families’’.
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1 SEC. 2. DISREGARD OF ADDITIONAL UNEMPLOYMENT COM-
2 PENSATION FOR PURPOSES OF PREMIUM
3 TAX CREDIT AND COST-SHARING SUBSIDIES.
4 (a) IN GENERAL.—Section 36B(d)(2)(B) of the In-
5 ternal Revenue Code of 1986 is amended—
6 (1) by redesignating clauses (i), (ii), and (iii) as
7 subclauses (I), (II), and (III), respectively, and by
8 moving such subclauses 2 ems to the right;
9 (2) by striking ‘‘adjusted gross income in-
10 creased by’’ and inserting ‘‘adjusted gross income—
11 ‘‘(i) decreased by the amount of any
12 Federal pandemic unemployment com-
13 pensation paid to an individual under sec-
14 tion 2104 of division A of the CARES Act
15 during the taxable year, and; and
16 ‘‘(ii) increased by—’’; and
17 (3) by adding at the end the following new
18 flush sentence:
19 ‘‘Clause (i) shall not apply to the extent that such decrease
20 results in a household income for the taxpayer which is
21 less than 100 percent of the poverty line for a family of
22 the size involved.’’.
23 (b) TEMPORARY SUSPENSION OF RECAPTURE OF EX-
24 CESS ADVANCE PAYMENTS.—Section 36B(f)(2) of the In-
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25 ternal Revenue Code of 1986 is amended by adding at the
26 end the following new subparagraph:
•S 3696 IS
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1 ‘‘(C) SPECIAL RULE FOR 2020 AND 2021.—
2 Subparagraph (A) shall not apply to any tax-
3 able year beginning in 2020 or 2021.’’.
4 (c) EFFECTIVE DATE.—The amendments made by
5 this section shall apply to taxable years beginning after
6 December 31, 2019.
Æ
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