House
File
2676
H-8386
Amend
the
Senate
amendment,
H-8335,
to
House
File
2676,
as
1
amended,
passed,
and
reprinted
by
the
House,
as
follows:
2
1.
By
striking
page
1,
line
5,
through
page
48,
line
10,
and
3
inserting:
4
<
Sec.
___.
NEW
SECTION
.
135.196
Iowa
benefit
exchange
fund
5
——
enhanced
premium
credits
——
appropriation.
6
1.
As
used
in
this
section,
“enhanced
premium
tax
credit”
7
means
the
advanced
premium
tax
credit
under
26
U.S.C.
8
§36B(3)(A).
9
2.
The
department
and
the
department
of
insurance
and
10
financial
services
shall
cooperate
and
develop
an
internet
11
site
to
be
located
on
the
internet
site
of
the
department
to
12
effectuate
this
section.
13
3.
An
Iowa
benefit
exchange
fund
is
created
in
the
state
14
treasury
under
the
control
of
the
department.
Moneys
in
the
15
fund
are
to
be
used
for
the
sole
purpose
of
providing
subsidies
16
to
persons
whose
applications
have
been
approved
pursuant
to
17
this
section.
Moneys
in
the
fund
are
not
subject
to
section
18
8.33.
Notwithstanding
section
12C.7,
subsection
2,
interest
or
19
earnings
on
moneys
in
the
fund
shall
be
credited
to
the
fund.
20
4.
The
purpose
of
the
fund
is
to
provide
funding
for
the
21
establishment
of
a
state-based
health
insurance
subsidy
to
22
mitigate
the
impact
of
the
reduction
in
the
enhanced
federal
23
advanced
premium
tax
credits
after
the
2025
tax
year.
24
5.
For
the
fiscal
year
beginning
July
1,
2026,
and
ending
25
June
30,
2027,
there
is
appropriated
from
the
general
fund
of
26
the
state
to
the
department
to
be
credited
to
the
Iowa
benefit
27
exchange
fund,
an
amount
sufficient
to
implement
this
section
28
until
such
time
that
the
enhanced
federal
advanced
premium
29
tax
credits
are
restored
to
a
level
equaling
or
exceeding
the
30
amount
of
the
enhanced
premium
tax
credit
available
to
persons
31
during
the
2025
tax
year.
32
6.
Beginning
July
1,
2026,
in
order
to
qualify
for
a
subsidy
33
to
mitigate
the
impact
of
the
reduction
in
enhanced
federal
34
advanced
premium
tax
credits,
a
person
who
is
a
resident
may
35
-1-
H
8335.4109
(2)
91
ss/ko
1/
2
#1.
submit
an
application
to
the
department
in
a
manner
specified
1
by
the
department.
The
application
shall
include
identical
2
information
submitted
by
a
person
as
if
applying
for
health
3
insurance
coverage
under
the
federal
Patient
Protection
and
4
Affordable
Care
Act,
Pub.
L.
No.
111-148,
including
personal
5
information,
household
income,
immigration
status,
and
any
6
current
or
available
health
insurance
coverage.
7
7.
a.
For
the
tax
year
beginning
on
or
after
January
1,
8
2026,
but
before
January
1,
2027,
and
upon
approval
of
the
9
application
by
the
department,
an
amount
equal
to
the
enhanced
10
premium
tax
credit
the
person
would
have
received
as
if
the
11
enhanced
premium
tax
credit
did
not
expire
shall
be
provided
to
12
the
person
to
offset
the
cost
of
the
health
insurance
coverage.
13
b.
The
amount
provided
shall
be
based
upon
the
calculation
14
for
the
enhanced
premium
tax
credits
during
the
2025
tax
year.
15
c.
The
amount
provided
may
be
retroactive
to
January
1,
16
2026,
if
the
person
qualified
for
such
credits,
or
to
the
17
date
the
person
would
have
qualified
for
enhanced
premium
tax
18
credits
in
2026,
whichever
is
earlier.
19
8.
The
department
shall
adopt
rules
pursuant
to
chapter
17A
20
to
administer
this
section.
21
___.
Title
page,
by
striking
lines
1
through
3
and
inserting
22
<
An
Act
establishing
a
state-based
health
insurance
subsidy,
23
and
making
an
appropriation.
>>
24
2.
By
renumbering
as
necessary.
25
______________________________
McBURNEY
of
Polk
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H
8335.4109
(2)
91
ss/ko
2/
2
#2.