Obamacare Regressive Tax Relief Act

Obamacare Regressive Tax Relief Act

This bill amends the Internal Revenue Code to reduce the penalties for individuals who fail to maintain the minimum essential health insurance coverage required by the Patient Protection and Affordable Care Act.

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5712 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5712

 To amend the Internal Revenue Code of 1986 to flatline the individual 
                            mandate penalty.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2016

  Mr. Messer (for himself and Ms. Stefanik) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to flatline the individual 
                            mandate penalty.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Obamacare Regressive Tax Relief 
Act''.

SEC. 2. FLATLINING THE INDIVIDUAL MANDATE PENALTY.

    (a) Percentage of Income.--Section 5000A(c)(2)(B)(iii) of the 
Internal Revenue Code of 1986 is amended by striking ``2.5 percent'' 
and inserting ``1.0 percent''.
    (b) Applicable Dollar Amount.--Section 5000A(c)(3)(A) of such Code 
is amended by striking ``$695'' and inserting ``$95''.
    (c) Repeal of Inflation Adjustment.--Section 5000A(c)(3) of such 
Code is amended by striking subparagraph (D).
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2015.
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