Installation Agreement Affordability Act

Bill: 116-hr-8063
Sponsor: full_name: Rep. Vela, Filemon [D-TX-34]
Introduced: 2020-08-14
Policy area: Taxation
Subjects: Broadcasting, cable, digital technologies

Tax administration and collection, taxpayers

User charges and fees
Latest action: action_date: 2020-08-14
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2020-08-14
action_desc: Introduced in House
text: <p><b>Installation Agreement Affordability Act</b></p> <p>This bill revises provisions allowing a waiver of the fee imposed on installment agreements paid by electronic payment through a debit instrument to extend eligibility for such waiver to all taxpayers regardless of income.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 8063 IN THE HOUSE OF REPRESENTATIVES August 14, 2020 Mr. Vela 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 fee for installment agreements paid by electronic payment through a debit instrument.

1. Short title This Act may be cited as the Installation Agreement Affordability Act . 2. Installment fee waived for certain electronic payments (a) In general Section 6159(f)(2) of the Internal Revenue Code of 1986 is amended to read as follows: (2) Waiver or reimbursement (A) In the case of a taxpayer who has agreed to make payments under the installment agreement by electronic payment through a debit instrument, no fee shall be imposed on an installment agreement under this section. (B) In the case of a taxpayer with an adjusted gross income, as determined for the most recent year for which such information is available, which does not exceed 250 percent of the applicable poverty level (as determined by the Secretary), if the taxpayer is unable to make payments under the installment agreement by electronic payment through a debit instrument, the Secretary shall, upon completion of the installment agreement, pay the taxpayer an amount equal to any such fees imposed. . (b) Effective date The amendment made by this section shall apply to installment agreements entered into after the date of the enactment of this Act.