Freedom from the ACA Tax Penalty Act

Bill: 115-hr-2516
Sponsor: full_name: Rep. Young, David [R-IA-3]
Introduced: 2017-05-18
Policy area: Taxation
Subjects: Health care costs and insurance

Health care coverage and access

Sales and excise taxes
Latest action: action_date: 2017-05-18
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-05-18
action_desc: Introduced in House
text: <p><b>Freedom from the ACA Tax Penalty Act</b></p> <p>This bill amends the Internal Revenue Code to exempt from the requirement to maintain minimum essential health coverage (commonly referred to as the individual mandate) individuals who reside in a rating area in which the Department of Health and Human Services certifies that no qualified health plans are offered through an exchange established under the Patient Protection and Affordable Care Act. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2516 IN THE HOUSE OF REPRESENTATIVES May 18, 2017 Mr. Young of Iowa (for himself, Mr. King of Iowa , and Mr. Blum ) 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 waive the individual mandate in areas with no Exchange plans.

1. Short title This Act may be cited as the Freedom from the ACA Tax Penalty Act . 2. Waiver of individual mandate in areas with no Exchange plans (a) In general Section 5000A(d)(1) of the Internal Revenue Code of 1986 is amended by striking or (4) and inserting (4), or (5) . (b) Individuals residing in exempted areas Section 5000A(d) of such Code is amended by adding at the end the following new paragraph: (5) Individuals residing in exempted areas For purposes of months beginning after December 31, 2017, such term shall not include an individual who resides in a rating area in which the Secretary of Health and Human Services certifies for purposes of this section that no qualified health plans are offered through an Exchange established under section 1311 of the Patient Protection and Affordable Care Act. . (c) Effective date The amendments made by this section shall apply to taxable and plan years beginning after December 31, 2017.