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Text of IRS Rev. Proc. 2014-62: Calculation of Individual Premium Tax Credit, and Indexed Required Contribution Percentage for Determining Eligibility for Affordable Employer-Sponsored Minimum Essential Coverage (PDF)
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
Nov. 21, 2014
"This revenue procedure provides indexing adjustments for certain provisions under sections 36B and 5000A of the Internal Revenue Code. In particular, it updates ... the Applicable Percentage Table for 2016. This table is used to calculate an individual's premium tax credit. This revenue procedure also updates the required contribution percentage in Section 36B(c)(2)(C)(i)(II) for plan years beginning after calendar year 2015. This percentage is used to determine whether an individual is eligible for affordable employer-sponsored minimum essential coverage under Section 36B.... Additionally, this revenue procedure cross-references the required contribution percentage under Section 5000A(e)(1)(A) for plan years beginning after calendar year 2015, as determined under guidance issued by the [HHS]. This percentage is used to determine whether an individual is eligible for an exemption from the individual shared responsibility payment because of a lack of affordable minimum essential coverage."

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