Installation Agreement Affordability Act

I 116TH CONGRESS 2D SESSION H. R. 8063 To amend the Internal Revenue Code of 1986 to waive the fee for installment agreements paid by electronic payment through a debit instrument. 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. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Installation Agreement 4 Affordability Act’’. 5 SEC. 2. INSTALLMENT FEE WAIVED FOR CERTAIN ELEC- 6 TRONIC PAYMENTS. 7 (a) IN GENERAL.—Section 6159(f)(2) of the Internal 8 Revenue Code of 1986 is amended to read as follows: 9 ‘‘(2) WAIVER OR REIMBURSEMENT.— 10 VerDate Sep 11 2014 01:36 Sep 03, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H8063.IH H8063 pbinns on DSKJLVW7X2PROD with BILLS 2 •HR 8063 IH ‘‘(A) In the case of a taxpayer who has 1 agreed to make payments under the installment 2 agreement by electronic payment through a 3 debit instrument, no fee shall be imposed on an 4 installment agreement under this section. 5 ‘‘(B) In the case of a taxpayer with an ad- 6 justed gross income, as determined for the most 7 recent year for which such information is avail- 8 able, which does not exceed 250 percent of the 9 applicable poverty level (as determined by the 10 Secretary), if the taxpayer is unable to make 11 payments under the installment agreement by 12 electronic payment through a debit instrument, 13 the Secretary shall, upon completion of the in- 14 stallment agreement, pay the taxpayer an 15 amount equal to any such fees imposed.’’. 16 (b) EFFECTIVE DATE.—The amendment made by 17 this section shall apply to installment agreements entered 18 into after the date of the enactment of this Act. 19 Æ VerDate Sep 11 2014 01:36 Sep 03, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H8063.IH H8063 pbinns on DSKJLVW7X2PROD with BILLS