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Tax alert: House approves ACA repeal and replacement bill

May 8, 2017 Article 1 min read
Authors:
James Minutolo Michael Monaghan Robert Shefferly III
The House voted along party lines on May 4 to approve a repeal and replacement plan for the Affordable Care Act (ACA).

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The American Healthcare Act (AHCA) (H.R. 1628), approved by a 217 to 213 margin, would eliminate most of the ACA’s taxes, including the penalties connected with the individual and employer mandates. The House bill now moves to the Senate where changes are expected; indeed, the Senate may craft its own ACA repeal and replacement bill.

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The information provided in this alert is only a general summary and is being distributed with the understanding that Plante Moran isnot rendering legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly,assumes no liability whatsoever in connection with its use.©2017 CCH Incorporated and its affiliates. All rights reserved.

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