S. 397 · 110th Congress
Tax Equity and Affordability Act of 2007
- Stage
- In committee
- Sponsor
- Mel Martinez
- Introduced
- 2007-01-25
- Latest action
- 2007-01-25 · Introduced in Senate
Summary
Tax Equity and Affordability Act of 2007 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents; (2) require business taxpayers who receive payments for certain employee health insurance coverage to file informational returns; (3) direct the Secretary of the Treasury to make advance payments of health insurance tax credit amounts to health insurance providers; and (4) limit the tax exclusion for employer-provided health care coverage.