CA AB2459

Allows a health insurance premium tax credit for taxable years 2019-2025 for qualified individuals whose premiums exceed 8% of modified adjusted gross income.

Credit applies to lowest cost bronze plan premiums for individuals with household incomes between 400-600% of federal poverty level who are not eligible for federal advance premium tax credits.

Requires Covered California to certify qualified individuals and provide certification to both the individual and Franchise Tax Board.

Excess credits beyond tax liability may be refunded to taxpayers upon Legislative appropriation, with zero dollars required unless specified in the annual Budget Act.

Requires Legislative Analyst's Office to report by January 1, 2024 on the number of individuals claiming the credit, average and median credit amounts, and effectiveness in reducing healthcare costs.