H.R. 4173 · 109th Congress
Health Care COBRA OffSet Tax Savings Act of 2005
- Stage
- In committee
- Sponsor
- Bob Menendez
- Introduced
- 2005-10-28
- Latest action
- 2006-03-24 · Referred to the Subcommittee on Employer-Employee Relations.
Summary
Health Care COBRA OffSet Tax Savings Act of 2005 or the Health Care COSTS Act of 2005 - Amends the Internal Revenue Code to allow certain individual taxpayers a refundable tax credit for 50% of the premium for COBRA continuation coverage under a group health plan. Requires notice of the availability of this tax credit to individuals entitled to COBRA continuation coverage.