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HR 3590 EAS/PP
file a return of tax imposed by this chapter for
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the second preceding taxable year.
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(c) P
AYMENT OF
P
REMIUM
T
AX
C
REDITS AND
C
OST
-
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SHARING
R
EDUCTIONS
.--
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(1) I
N GENERAL
.--The Secretary shall notify the
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Secretary of the Treasury and the Exchange through
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which the individual is enrolling of the advance deter-
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mination under section 1411.
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(2) P
REMIUM TAX CREDIT
.--
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(A) I
N
GENERAL
.--The Secretary of the
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Treasury shall make the advance payment under
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this section of any premium tax credit allowed
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under section 36B of the Internal Revenue Code
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of 1986 to the issuer of a qualified health plan
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on a monthly basis (or such other periodic basis
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as the Secretary may provide).
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(B) I
SSUER RESPONSIBILITIES
.--An issuer
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of a qualified health plan receiving an advance
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payment with respect to an individual enrolled
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in the plan shall--
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(i) reduce the premium charged the in-
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sured for any period by the amount of the
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advance payment for the period;
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(ii) notify the Exchange and the Sec-
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retary of such reduction;
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