H.R. 4886: Health Credits Act of 2004

108th Congress · introduced 2004-07-21 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2004-07-21 · official record
Who proposed it: Rep. Hayworth, J. D. [R-AZ-5] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Health Credits Act of 2004

Plain summary

Health Credits Act of 2004 - Amends the Internal Revenue Code to allow a refundable tax credit for up to $3,000 of the cost of health insurance for a taxpayer and the taxpayer's spouse and dependents ($1,000 for individuals). Phases out the credit for individual taxpayers with modified adjusted gross incomes in excess of $15,000 ($25,000 for taxpayers with family coverage). Disqualifies taxpayers who participate in an employer-subsidized health plan, who qualify for certain Federal benefit programs or medical savings account tax deductions, who are incarcerated, or who are not present in the United States for at least 183 days during the year. Permits participation in individual or group health plans, health care coverage purchasing pools, high risk pools, or State buy-in programs. Requires plans to offer annual and lifetime maximum benefits of at least $700,000 and limits deductibles to $5,000 for self-only coverage and $10,000 for family coverage. Requires informational returns from providers of health insurance who receive payments from individuals receiving a tax credit under this Act. Imposes criminal penalties on any individual who knowingly misuses Department of the Treasury identifiers to convey the false impression of association with, or approval or endorsement by, the Department of the Treasury of any insurance products or group health coverage in connection with the tax credit for health insurance provided by this Act. Directs the Secretary of the Treasury to establish a program for making advance payments of credit amounts to providers of qualified health insurance for individuals receiving a tax credit under this Act.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Health Credits Act of 2004

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Hayworth, J. D. [R-AZ-5] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108hr4886.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/hr>

Record fed-us-cong108-hr4886 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108