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Premium assistance amount

The premium assistance amount determined under this subsection with respect to any coverage month is the amount equal to the lesser of—

(A) the monthly premiums for such month for 1 or more qualified health plans offered in the individual market within a State which cover the taxpayer, the taxpayer’s spouse, or any dependent (as defined in section 152) of the taxpayer and which were enrolled in through an Exchange established by the State under 1311 1 1 So in original. Probably should be preceded by “section”. of the Patient Protection and Affordable Care Act, or

(B) the excess (if any) of— (i) the adjusted monthly premium for such month for the applicable second lowest cost silver plan with respect to the taxpayer, over (ii) an amount equal to 1/12 of the product of the applicable percentage and the taxpayer’s household income for the taxable year.

in view

Whole section

▸rulespec code

Shown source

statutes/26/36B/b.yaml

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Rules

Data relation coverage_months

#coverage_months

Data Relation

source: 26 USC 36B(b)(1)
predicate: coverage_months
arity: 2

- name: coverage_months
  kind: data_relation
  source: 26 USC 36B(b)(1)
  data_relation:
    predicate: coverage_months
    arity: 2
    arguments:
      - TaxUnit
      - CoverageMonth

required_contribution_annual_to_monthly_divisor

Parameter

source: 26 USC 36B(b)(2)(B)(ii)

- name: required_contribution_annual_to_monthly_divisor
  kind: parameter
  dtype: Decimal
  source: 26 USC 36B(b)(2)(B)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/36B
            excerpt: 1/12 of the product
  versions:
    - effective_from: '1990-01-01'
      formula: '12'

required_monthly_contribution

Derived

source: 26 USC 36B(b)(2)(B)(ii)

- name: required_monthly_contribution
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Month
  unit: USD
  source: 26 USC 36B(b)(2)(B)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/36B
            excerpt: 1/12 of the product
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/36B/b#required_contribution_annual_to_monthly_divisor
            output: required_contribution_annual_to_monthly_divisor
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        (household_income_for_taxable_year / required_contribution_annual_to_monthly_divisor) *
        applicable_percentage_for_taxable_year