A bill to amend the Internal Revenue Code of 1986 to exclude certain dependent income when calculating modified adjusted gross income for the purposes of eligibility for premium tax credits.
About This Bill
Committee
Latest Action · September 18, 2019
Read twice and referred to the Committee on Finance.
Dependent Income Exclusion Act of 2019
This bill excludes certain wages or self-employment earnings of a dependent of a taxpayer for purposes of determining the taxpayer's eligibility for premium tax credits used to purchase insurance on Patient Protection and Affordable Care Act exchanges. To qualify for the exclusion, the dependent must be under 18 years of age or have not attained age 24 at a certain time in a calendar year and be a part-time student or apprentice or participant in a job training program.
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