A bill to amend the Internal Revenue Code of 1986 to allow a refundable credit to certain senior citizens for premiums paid for coverage under Medicare part B

4 Pages·1999·0.17 MB·English

by  United States. Congress. House

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106TIICONGRESS H.R.122
1stSession
ToamendtheInternal Revenue Codeof1986 to allowa refundable credit
tocertainseniorcitizensforpremiumspaidforcoverageunderMedicare
PartB.
IN THE HOUSE OF REPRESENTATR^S
January6,1999
Mrs.EmersoxintroducedthefoIlowiTifjbill;whichwasreferredtotheCom-
mitteeonWaysandMeans, andinadditiontotheCommitteeonCom-
merce, fora period to be subsequentlydetermined bythe Speaker, in
eachcaseforconsiderationofsuchprovisionsasfallwithinthejurisdic-
tionofthecommitteeconcerned
A
BILL
To amend the Internal Revenue Code of 1986 to allow a
refundable credit to certain senior citizens forpremiums
paidforcoverageunderMedicarePartB.
1 BeitenactedbytheSenateandHouseofRepresenta-
2 tivesoftheUnitedStatesofAmericainCongressassembled,
3 SECTION1.SHORTTITLE.
4 This Act mav be cited as the "Notch Babv Health
5 CareReliefActof1999".
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2
1 SEC. 2. PREMIUMS PAID BY CERTAIN SENIOR CITIZENS
2 FORMEDICAREPARTB.
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3 (a) In General. Subpart C of part IV of sub-
4 chapterAofchapter 1 ofthe Internal Revenue Code of
5 1986 (relatingtorefundablecredits)isamendedbyredes-
6 ignating section 35 as section 36 and by inserting after
7 section34thefollowingnewsection:
8 "SEC. 35.PREMIUMS PAID BYCERTAINSENIORCITIZENS
9 FORMEDICAREPARTB.
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10 "(a)AllowanceofCredit. Inthecaseofaneli-
11 gibleindividual,thereshallbeallowedasacreditagainst
12 the tax imposed bythis subtitle for the taxable year an
13 amountequaltotheaggi'egatepremiumspaidundersec-
14 tion 1840oftheSocial SecurityActb}^thetaxpayerdur-
15 ingthetaxableyearforenrollmentoftheeligibleindi^^d-
16 ualunderpartBoftitleX\r[IIofsuchAct.
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17 "(b) Eligible iNDmDUAL. For purposes of sub-
18 section(a),theterm'eligibleindividual'means
19 "(1) an individual born after 1916 and before
20 1922 who had wages or self-employment income
21 credited for one or more years prior to 1979 and
22 who was not eligible for an old-age or disabilityin-
23 surance benefit, and did not die, prior to Januar^^
24 1979,
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1 "(2) the spouse (as determined under section
2 7703) of an indi^ddual described in para^aph (1),
3 and
4 "(3) thewidoworwidower, asthecasemaybe,
5 ofanindi\ddualdescribedinparagraph(1).".
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6 (b)TechnicalAjviendments.
7 (1) Paragi-aph (2) of section 1324(b) of title
8 31, United States Code, is amended bystriking "or
9 enacted" and inserting "enacted" and by inserting
10 before the period ", or from section 35 of such
11 Code".
12 (2) The table ofsections for subpart C ofpart
W
13 of subchapter A of chapter 1 of such Code is
14 amendedby strikingthe lastitem andinsertingthe
15 followingnewitems:
"See.35.Premiumspaidbycertainseniorcitizensformedicare
partB.
"See.36.Overpaymentsoftax.".
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16 (c) Effectr^ Date. The amendments made by
17 this section shall apply to premiums paid after the date
18 ofenactmentoftliisAct.
19 SEC.3.ELIMINATIONOFMEDICAREPARTBPREMIUMPEN-
20 ALTY.
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21 (a) InGeneral. Section 1839(b) ofthe SocialSe-
22 curityAct (42 U.S.C. 1395r(b)) isamendedbyaddingat
23 the end the following: "Any increase in an indi^idua^s
24 montlily premium under the first sentence of this sub-
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1 section shall notbe applicablewith respect to an eligible
2 individual(ordependentofsuchanindividual),asdefined
3 insection 35(b) ofthe InternalRevenue Code of1986.".
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4 (b) Effective Date. The amendment made by
5 subsection (a) shall applytopremiumsformonthsbegin-
6 ningafterthedateoftheenactmentofthisAct.
O
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