SEC. 101. ELIMINATION OF LIMITATION ON RECAPTURE OF5 EXCESS ADVANCE PAYMENTS OF PREMIUM6 TAX CREDITS. (CLICK HERE)
This is Title I of the bill. The bill reaches back to 2010 to the monies accumulated over four years to implement the Medicaid Expansion.
WHAT IS CASSIDY GOING TO DO WITH THE MONEY?
Allow cronies to get their monies back out of the federal government since 2010?
(2) REPEAL.— 19 (A) IN GENERAL.—Subpart C of part IV 20 of subchapter A of chapter 1 of the Internal 21 Revenue Code of 1986 is amended by striking 22 section 36B.
§36B. Refundable credit for coverage under a qualified health plan (click here)
This entire section is to be eliminated.
(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.
SEC. 103. MODIFICATIONS TO SMALL BUSINESS TAX CRED- 14 IT.