Sec. 71305. Eliminating limitation on recapture of advance payment of premium tax credit
Official source: Public Law 119-21, Section 71305 — 139 Stat. 324-325.
(a) In General.—
Section 36B(f)(2) is amended by striking subparagraph (B).
(b) Conforming Amendments.—
(1) Section 36B(f)(2) is amended by striking “
advance payments.—
” and all that follows through “
If the advance payments
” and inserting the following: “
advance payments.—If the advance payments
”.
(2) Section 35(g)(12)(B)(ii) is amended by striking “
then section 36B(f)(2)(B) shall be applied by substituting the amount determined under clause (i) for the amount determined under section 36B(f)(2)(A)
” and inserting “
then the amount determined under clause (i) shall be substituted for the amount determined under section 36B(f)(2)
”.
(c) Effective Date.—
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.