A bill to amend the Internal Revenue Code of 1986 to allow a refundable credit against income tax to subsidize the cost of COBRA continuation coverage for certain individuals.
Health Care COBRA OffSet Tax Savings Act of 2006 or the Health Care COSTS Act of 2006 - 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.
Referred to the Subcommittee on Employer-Employee Relations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S982)
Read twice and referred to the Committee on Finance.
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