PUBLIC LAW 101-508—NOV. 5, 1990 104 STAT. 1388-409 "In the case of an eligible individual with: pe^clntS'eb: S^rcent^eTs: 1 qualifying child 23 16.43 2 or more qualifying children 25 17.86 "(ii) TRANSITION PERCENTAGES.— "(I) For taxable years beginning in 1991, the percentages are: "In the case of an eligible individual with: pe^|n^e\: S'rcenS'S 1 qualifying child 16.7 11.93 2 or more qualifying children 17.3 12.36 "(ID For taxable years beginning in 1992, the percentages are: "In the case of an eligible individual with: peT^lnt^il: S'rcenS'^s: 1 qualifying child 17.6 12.57 2 or more qualifying children 18.4 13.14 " (III) For taxable years beginning in 1993, the percentages are: ••to the c» of an eligible individual with: ^TSn'S^^: ^o^t. 1 qualifying child 18.5 13.21 2 or more qualifying children 19.5 13.93 "(D) SUPPLEMENTAL YOUNG CHILD CREDIT. — In the case of a taxpayer with a qualifying child who has not attained age 1 as of the close of the calendar year in which or with which the taxable year of the tsixpayer ends— "(i) the credit percentage shall be incresised by 5 percentage points, and "(ii) the phaseout percentage shall be increased by 3.57 percentage points. If the taxpayer elects to take a child into account under this subparagraph, such child shall not be treated as a qualify- ing individual under section 21. " (2) HEALTH INSURANCE CREDIT.— "(A) IN GENERAL.— The term 'health insurance credit' means an amount determined in the same manner as the basic earned income credit except that— "(i) the credit percentage shall be equal to 6 percent, and "(ii) the phaseout percentage shall be equal to 4.285 percent. " (B) LIMITATION BASED ON HEALTH INSURANCE COSTS.—The amount of the health insurance credit determined under subparagraph (A) for any taxable year shall not exceed the amounts paid by the taxpayer during the taxable year for insurance coverage— "(i) which constitutes medical care (within the meaning of section 213(d)(l)(C)), and "(ii) which includes at least 1 qualifying child. For purposes of this subparagraph, the rules of section 213(d)(6) shall apply. "(C) SUBSIDIZED EXPENSES.— A taxpayer may not take into account under subparagraph (B) any amount to the extent that—
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