Tax Credit Extension Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6316 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6316 To amend the Internal Revenue Code of 1986 to extend the premium tax credit and provide for advance payment of the credit to taxpayers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 25, 2025 Mr. Van Drew introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to extend the premium tax credit and provide for advance payment of the credit to taxpayers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax Credit Extension Act''. SEC. 2. EXTENSION AND MODIFICATION OF INCREASED PREMIUM TAX CREDIT. (a) Extension.--Section 36B(b)(3)(A)(iii) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``January 1, 2026'' and inserting ``January 1, 2028'', (2) by striking ``through 2025'' in the heading thereof and inserting ``through 2027''. (b) Household Income Cap.-- (1) In general.--The table in section 36B(b)(A)(3)(iii) of such Code is amended by striking ``and higher'' and inserting ``up to 700.0 percent''. (2) Conforming amendment.--Section 36B(c)(1)(E) of such Code is amended-- (A) by striking ``shall be applied without regard to'' and inserting ``shall be applied by substituting `but does not exceed 700 percent' for'', and (B) by striking ``through 2025'' in the heading and inserting ``through 2027''. (