WebDec 6, 2024 · The HCTC helps dozens of Maine retirees, including retired millworkers from Twin Rivers Paper in Madawaska, afford health insurance. Golden secured one-year extensions of the HCTC for 2024 and 2024, but the credit lapsed at the end of 2024 as congressional leaders’ negotiations over omnibus appropriations and tax legislation stalled. WebThe HCTC provides refundable tax credits to cover more than 70 percent of the cost of health insurance premiums for two kinds of workers: those who have been certified to have lost their jobs due to outsourcing, and eligible retirees whose pensions have been taken over by the Pension Benefit Guaranty Corporation.

Bill to Expand, Extend North Carolina HTC Advances to Senate

WebDec 15, 2024 · WASHINGTON, D.C. – Today, U.S. Senators Sherrod Brown (D-OH), Tammy Baldwin (D-WI), Bob Casey (D-PA) and Debbie Stabenow (D-MI) introduced legislation that will permanently extend the Health Coverage Tax Credit (HCTC) for retirees who lost their health care coverage — in addition to their pensions and other benefits — … WebRepublican Senate Majority Leader Bill Cowsert Thank you for the honor and privilege of serving you in the State Senate. I work hard to provide the common sense conservative … ohio medicaid office agler road

House Panel advances Competition Bill with Tax Credit to …

WebAug 2, 2013 · Without Congressional action, the HCTC will expire at the end of 2013. Brown’s bill, the Health Care Coverage for Displaced Works Act, would permanently extend the HCTC so that it no longer requires constant reauthorization, and expand the HCTC to 80 percent, a nearly ten percent increase from the current rate. WebNov 20, 2014 · As you know, the HCTC provision was a bipartisan amendment to the Senate tax extenders package that was introduced in the Senate by Senator Sherrod Brown and Senator Rob Portman. Bipartisan legislation was introduced in the House by Congressman Tim Ryan and Congressman Michael Turner. http://golden.house.gov/media/press-releases/golden-renews-bipartisan-effort-to-protect-health-coverage-tax-credit-for-retirees-including-dozens-of-former-madawaska-mill-workers my hero forest