Extension and modification of increased premium tax credit

(a) Extension Section 36B(b)(3)(A)(iii) of the Internal Revenue Code of 1986 is amended— (1) by striking January 1, 2026 and inserting January 1, 2028, (2) by striking through 2025 in the heading thereof and inserting through 2027. (b) Household income cap (1) In general The table in section 36B(b)(A)(3)(iii) of such Code is amended by striking and higher and inserting up to 700.0 percent. (2) Conforming amendment Section 36B(c)(1)(E) of such Code is amended— (A) by striking shall be applied without regard to and inserting shall be applied by substituting but does not exceed 700 percent for, and (B) by striking through 2025 in the heading and inserting through 2027. (c) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2025.