TITLE IV—AMENDMENTS TO IN6
TERNAL REVENUE CODE OF
1986
Subtitle A—Shared Responsibility
PART 1—INDIVIDUAL RESPONSIBILITY
SEC. 401. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE
HEALTH CARE COVERAGE.
(a) IN GENERAL.—Subchapter A of chapter 1 of the
Internal Revenue Code of 1986 is amended by adding at
the end the following new part:
‘‘PART VIII—HEALTH CARE RELATED TAXES
‘‘SUBPART A. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE
COVERAGE.
‘‘Subpart A—Tax on Individuals Without Acceptable
Health Care Coverage
‘‘Sec. 59B. Tax on individuals without acceptable health care coverage.
‘‘SEC. 59B. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE
HEALTH CARE COVERAGE.
‘‘(a) TAX IMPOSED.—In the case of any individual
who does not meet the requirements of subsection (d) at
any time during the taxable year, there is hereby imposed
a tax equal to 2.5 percent of the excess of—
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‘‘(1) the taxpayer’s modified adjusted gross in2
come for the taxable year, over
‘‘(2) the amount of gross income specified in
section 6012(a)(1) with respect to the taxpayer.
‘‘(b) LIMITATIONS.—
‘‘(1) TAX LIMITED TO AVERAGE PREMIUM.—
‘‘(A) IN GENERAL.—The tax imposed
under subsection (a) with respect to any tax9
payer for any taxable year shall not exceed the
applicable national average premium for such
taxable year.
‘‘(B) APPLICABLE NATIONAL AVERAGE
PREMIUM.—
‘‘(i) IN GENERAL.—For purposes of
subparagraph (A), the ‘applicable national
average premium’ means, with respect to
any taxable year, the average premium (as
determined by the Secretary, in coordination with the Health Choices Commissioner) for self-only coverage under a basic
plan which is offered in a Health Insurance Exchange for the calendar year in
which such taxable year begins.
‘‘(ii) FAILURE TO PROVIDE COVERAGE
FOR MORE THAN ONE INDIVIDUAL.—In the
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case of any taxpayer who fails to meet the
requirements of subsection (e) with respect
to more than one individual during the taxable year, clause (i) shall be applied by
substituting ‘family coverage’ for ‘self-only
coverage’.
More proof I will be taxed if I can't afford... And the bill taxes people who make more money too.