4th Circuit Finds ACA Tax Credit Proper Under IRS Interpretation

Mealey's (June 12, 2015, 10:43 AM EDT) -- RICHMOND, Va. — Patient Protection and Affordable Care Act (ACA) language governing whether individuals who enroll through the federal exchange are entitled to tax credits is ambiguous enough to defer to the Internal Revenue Service’s interpretation, a Fourth Circuit U.S. Court of Appeals panel held July 22, 2014 (David King, et al. v. Sylvia Mathew Burwell, et al., No. 14-1158, 4th Cir.)....

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