U.S. Congress - H.R.914 Tax Equity and Affordability Act of 2007
H.R.914 - Tax Equity and Affordability Act of 2007
To amend the Internal Revenue Code of 1986 to allow individuals a refundable credit against income tax for the purchase of private health insurance, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to allow individuals a refundable credit against income tax for the purchase of private health insurance, and for other purposes. as introduced.
- Short: Tax Equity and Affordability Act of 2007 as introduced.
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Official Summary
2/8/2007--Introduced.Tax Equity and Affordability Act of 2007 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents; (2) require business taxpOfficial Summary
2/8/2007--Introduced.Tax Equity and Affordability Act of 2007 - Amends the Internal Revenue Code to:
(1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents;
(2) require business taxpayers who receive payments for certain employee health insurance coverage to file informational returns;
(3) direct the Secretary of the Treasury to make advance payments of health insurance tax credit amounts to health insurance providers; and
(4) limit the tax exclusion for employer-provided health care coverage.
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