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 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 562 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 562

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 13, 2017

  Mr. Messer 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) of the Internal 
Revenue Code of 1986 is amended to read as follows:
                    ``(B) Percentage of income.--An amount equal to 1 
                percent of the excess of the taxpayer's household 
                income for the taxable year over the amount of gross 
                income specified in section 6012(a)(1) with respect to 
                the taxpayer for the taxable year.''.
    (b) Applicable Dollar Amount.--Section 5000A(c)(3) of such Code is 
amended--
            (1) by striking subparagraphs (B) and (D),
            (2) by redesignating subparagraph (C) as subparagraph (B), 
        and
            (3) by amending subparagraph (A) to read as follows:
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the applicable dollar amount is 
                $95.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
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