to assist employees and employers in adjusting Federal income tax withholding to take into account the health insurance tax credit under section 36C of the Internal Revenue Code of 1986 (and any advance payment thereof), and (2) to require employers to report to each employee with respect to periods not longer than quarterly the employer-provided health insurance tax subsidy (as defined in section 36C(c)(2) of such Code) with respect to such employee for such period. (d) Transfers to Federal Old-Age and Survivors Insurance Trust Fund With respect to each individual for whom tax is increased under section 36C(c)(2), there are hereby appropriated to the Federal Old Age and Survivors Trust Fund and the Disability Insurance Trust Fund established under section 201 of the Social Security Act amounts equal to the amount which bears the same ratio to the amount of such increase as— (1) the Federal payroll tax subsidy (as defined in section 36C(c)(3)) of such individual for the taxable year, bears to (2) the employer-provided health insurance tax subsidy (as defined in such section) of the individual for the taxable year. (e) Clerical amendment The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item: Sec. 36C. Health insurance tax credit. . (f) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2023. 132. Application of portion of unused tax credits by States for indigent health care (a) Computation of unused credits The Secretary, in consultation with the Secretary of the Treasury, shall calculate for each State for each year, beginning with 2024, using the most recent data available — (1) the maximum aggregate amount of credits under section 36C of the Internal Revenue Code of 1986 that would have been allowed for the year for qualified residents of the State for taxable years ending in the year if all eligible qualified