ACA Tax Breaks For Opt-Out States Upheld, Swiftly Appealed

Law360, New York (January 15, 2014, 6:01 PM EST) -- The Internal Revenue Service is not breaking the law when it makes tax subsidies available to residents of states who buy health insurance through exchanges run by the federal government, a Washington, D.C., federal judge ruled Wednesday.

In a decision that was immediately appealed, U.S. District Judge Paul L. Friedman sided with Obama administration lawyers who argued that the Affordable Care Act makes perfectly clear that Congress wanted the regulators to award tax credits to taxpayers who join a federal exchange when their own state does...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

HALBIG et al v. SEBELIUS et al


Case Number

1:13-cv-00623

Court

District Of Columbia

Nature of Suit

Administrative Procedure Act/Review or Appeal of Agency Decision

Judge

Paul L. Friedman

Date Filed

May 2, 2013

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.