Government
Tax credit bills introduced
NEWS IN BRIEF — Posted March 7, 2005
Sen. Lisa Murkowski (R, Alaska) has introduced the first health insurance tax credit bill of the 109th Congress. The measure would make $1,000 to $3,000 annual refundable, advanceable credits available to individuals and families with incomes at or below 350% of the federal poverty level.
An enhanced credit would also be available to people with pre-existing chronic conditions because they often face high premiums. The bill would make available a reduced credit for those who meet the eligibility criteria but have the option to purchase employer-sponsored coverage.
Legislation offering tax credits of $1,000 for individuals and up to $3,000 for families has also been introduced in the House by Reps. Mark Kennedy (R, Minn.) and Dan Lipinski (D, Ill.). But as of press time, the measure had not been published.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/03/07/gvbf0307.htm.
