To provide for a portion of the economic recovery package relating to revenue measures, unemployment, and health.

Summary

American Recovery and Reinvestment Tax Act of 2009 - Amends the Internal Revenue Code to: (1) allow through 2010 a refundable tax credit for the lesser of 6.2% of earned income or $500 ($1,000 for married couples filing jointly); (2) allow through 2010 increases in the earned income tax credit, the refundable portion of the child tax credit, and the Hope Scholarship tax credit; (3) allow a waiver of the the first-time home buyer tax credit repayment requirement for residences purchased after December 31, 2008, and before July 1, 2009; (4) extend through 2009 bonus depreciation and the increased expensing allowance for depreciable business assets; (5) extend from two to five years the carryback period for net operating losses; and (6) allow a work opportunity tax credit for certain unemployed veterans and disconnected youth hired in 2009 or 2010. Limits the applicability of Treasury Notice 2008-83 (suspending restrictions on the offset of net operating losses and unrealized built-in losses against the taxable income of certain corporate entities that acquire or merge with other entities) to periods prior to January 16, 2009. Suspends in 2009 or 2010 certain limitations on the tax deduction allowed to financial institutions for interest expense related to investments in tax-exempt bonds. Exempts interest earned on tax-exempt private activity bonds from the alternative minimum tax. Allows a new tax credit for investment in bonds for the construction, rehabilitation, or repair of public school facilities or for the acquisition of land for building a public school facility. Increases in 2009 and 2010 the issuance limitation for qualified zone academy bonds. Allows state or local governments to elect to receive direct federal payments equal to tax credit amounts for investment in tax-exempt bonds issued in 2009 and 2010. Allows a new tax credit for investment in recovery zone economic development and recovery zone facility bonds issued in 2009 and 2010. Repeals the 3% withholding requirement on payments by federal, state, or local governmental entities to individuals who provide property or services to such entities. Extends the tax credit for the production of electricity from wind facilities (through 2012) and from other renewable facilities (through 2013). Allows an election to claim an investment tax credit for renewable facilities placed in service in 2009 or 2010. Repeals limitations on the investment tax credit for energy property financed by subsidized energy financing or industrial development bonds. Increases the limitation amount on the issuance of new clean renewable energy bonds and qualified energy conservation bonds. Modifies and extends through 2010 the tax credit for improvements to energy-efficient residences. Increases through 2010 the tax credit for alternative fuel vehicle refueling property expenditures. Increases through 2010 the tax credit for qualified energy research expenses. Requires the application of certain federal labor standards to projects financed with clean renewable energy and conservation bonds, zone academy bonds, school construction bonds, and recovery zone economic development bonds. Directs the Secretary of the Treasury to make grants in 2009 to states for low-income housing projects in lieu of low-income housing credit allocations. Directs the Secretary of Energy to make grants in 2009 or 2010 in lieu of tax credits to investors in specified energy property (e.g., renewable energy property, fuel cell property, solar property, wind energy property, geothermal property, microturbine property, combined health and power system property, and geothermal heatpump property). Assistance for Unemployed Workers and Struggling Families Act - Amends the Supplemental Appropriations Act, 2008 to extend the Emergency Unemployment Compensation (EUC) program. Provides for federal-state agreements for increased regular unemployment compensation payments to individuals. Requires federal payments to states to cover 100% of such additional payments. Amends the Social Security Act (SSA) to direct the Secretary of Labor to make special transfers to state accounts in the Unemployment Trust Fund for unemployment compensation modernization incentive payments and for administration. Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the SSA to establish in the Treasury the Emergency Contingency Fund for State Temporary Assistance for Needy Families Program. Directs the Secretary of Health and Human Services (HHS) to make grants from the Fund to requesting states for purposes related to: (1) caseload increases; (2) increased expenditures for non-recurrent short-term benefits; and (3) increased expenditures for subsidized employment. Limits the total amount payable to a single state for a fiscal year to 25% of the state family assistance grant. Revises the formula for determining the caseload reduction credit for FY2008 and FY2009 under requirements for the pro rata reduction of the TANF mandatory work participation rate due to caseload reductions not required by federal law and not resulting from changes in state eligibility criteria. Directs the Commissioner of Social Security to make a one-time emergency payment in calendar 2009 to eligible individuals under SSA title XVI (Supplemental Security Income) (SSI). Suspends for FY2008-FY2010 the prohibition against payments to states with respect to their plans for child and spousal support collection under SSA title IV part D (Child Support and Establishment of Paternity) on account of amounts expended by a state from support collection performance incentive payments received from the Secretary of HHS (thus allowing such additional payments during such period). Health Insurance Assistance for the Unemployed Act of 2009 - Provides for payment of a portion of an individual's premiums for any COBRA coverage (health insurance continuation benefits). Amends the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code, and the Public Health Service Act to allow COBRA coverage to continue past required termination dates for an employee who has attained age 55 or has completed ten or more years of service. Amends title XIX (Medicaid) of the SSA to allow states to provide coverage to individuals who are receiving unemployment compensation benefits or who have exhausted such benefits. Health Information Technology for Economic and Clinical Health Act or the HITECH Act - Amends the Public Health Service Act to establish the Office of the National Coordinator for Health Information Technology. Sets forth provisions governing the development and adoption of a nationwide health information technology infrastructure that allows for the electronic use and exchange of information. Amends SSA title XVIII (Medicare) to establish incentive payments for certain eligible physicians and hospitals that adopt and use certified electronic health record technology meaningfully, beginning in FY2011. Amends SSA title XIX to establish incentive payments to encourage the adoption and use by Medicaid providers of qualified electronic health records. Requires determination of the maximum amount of such payments using a specified formula involving computation of an overall hospital health information technology amount. Sets forth provisions governing the privacy and security of health information, including requiring notifications for any breach of protected health information. Prohibits the Secretary of HHS from phasing out or eliminating the budget neutrality adjustment factor in the Medicare hospice wage index before October 1, 2009. Requires the Secretary to recompute and apply the final Medicare hospice wage index for FY2009 as if there had been no reduction in the budget neutrality adjustment factor. Provides for non-application of the phased-out indirect medical education adjustment factor for FY2009. Amends the Medicare, Medicaid, and SCHIP Extension Act of 2007 with respect to long-term care hospitals.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 27 January 2009

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• Reported in House (PDF)

  Reported in House · EN · 27 January 2009

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• Reported to House amended, Part I

  summary · EN · 27 January 2009

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• Introduced in House (text)

  Introduced in House · EN · 16 January 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 16 January 2009

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• Introduced in House

  summary · EN · 16 January 2009

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