Daily Tax Update - June 15, 2017: Ways and Means Approves Nuclear Energy Tax Credit Bill

Ways and Means Approves Nuclear Energy Tax Credit Bill:  Today, the House Ways and Means Committee voted to approve H.R. 1551, which would modify the tax credit for production from advanced nuclear power facilities under section 45J.

House Passes COBRA Tax Credit Bill:  Today, the House of Representatives passed the Broader Options for Americans Act (H.R. 2579), which would expand the premium tax credit under section 36B to apply to coverage under group health plans offered under COBRA. Through COBRA, individuals who have lost their job may have the option to purchase health insurance provided by their former employers. 

House Passes Veterans Healthcare Tax Credit Bill: Today, the House of Representatives passed the VETERAN Act (H.R. 2372), which would codify an existing regulation allowing veterans who are not receiving insurance through the Veterans Administration to receive the premium tax credit to purchase insurance on the individual market.