$3,000 At least 450% but less than 500% $3,500. . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2019. 104. Improving affordability by reducing premium costs for consumers (a) In general Section 36B(b)(3)(A) of the Internal Revenue Code of 1986 is amended to read as follows: (A) Applicable percentage The applicable percentage for any taxable year shall be the percentage such that the applicable percentage for any taxpayer whose household income is within an income tier specified in the following table shall increase, on a sliding scale in a linear manner, from the initial premium percentage to the final premium percentage specified in such table for such income tier: In the case of household income (expressed as a percent of poverty line) within the following income tier: The initial premium percentage is— The final premium percentage is— Over 100.0 percent up to 150.0 percent 0.0 0.0 150.0 percent up to 200.0 percent 0.0 3.0 200.0 percent up to 250.0 percent 3.0 4.0 250.0 percent up to 300.0 percent 4.0 6.0 300.0 percent up to 400.0 percent 6.0 8.5 400.0 percent and higher 8.5 8.5 . (b) Conforming amendment Section 36B(c)(1)(A) of the Internal Revenue Code of 1986 is amended by striking but does not exceed 400 percent . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2020. II Economic Stimulus A Economic assistance payments 201. 2020 economic assistance payments to individuals (a) In general Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 6431. 2020 economic assistance payments to individuals (a) In general In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2020 an amount equal to the economic assistance amount determined for such taxable year. (b) Economic assistance amount For purposes of this section, the