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Suspending the Individual Mandate Penalty Law Equals Fairness Act (H.R. 4118; 113th Congress)

113th CONGRESS


2d Session


H. R. 4118


IN THE HOUSE OF REPRESENTATIVES


February 28, 2014



A BILL

To amend the Internal Revenue Code of 1986 to delay the implementation of the penalty for failure to comply with the individual health insurance mandate.

Contents

Section 1. Short titleEdit

This Act may be cited as the "Suspending the Individual Mandate Penalty Law Equals Fairness Act" or as the "SIMPLE Fairness Act".

Sec. 2. Delay in implementation of penalty for failure to comply with individual health insurance mandateEdit

(a) In general–Edit

Section 5000A(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

(5) Delay in implementation of penalty–Edit

Notwithstanding any other provision of this subsection, the monthly penalty amount with respect to any taxpayer for any month beginning before January 1, 2015, shall be zero.


(b) Delay of certain phase ins and indexing–Edit

(1) Phase in of percentage of income limitation–Edit

Section 5000A(c)(2)(B) of such Code is amended—

(A) by striking “2014” in clause (i) and inserting “2015”, and
(B) by striking “2015” in clauses (ii) and (iii) and inserting “2016”.

(2) Phase in of applicable dollar amount–Edit

Section 5000A(c)(3)(B) of such Code is amended—

(A) by striking “2014” and inserting "2015”, and
(B) by striking “2015” (before amendment by subparagraph (A)) and inserting “2016”.

(3) Indexing of applicable dollar amount–Edit

Section 5000A(c)(3)(D) of such Code is amended—

(A) by striking “2016” in the matter preceding clause (i) and inserting “2017”, and
(B) by striking “2015” in clause (ii) and inserting “2016”.

(4) Indexing of exemption based on household income–Edit

Section 5000A(e)(1)(D) of such Code is amended—

(A) by striking “2014” (before amendment by subparagraph (B)) and inserting “2015”, and
(B) by striking “2013” and inserting “2014”.

(c) Effective date–Edit

The amendments made by this section shall apply to months beginning after December 31, 2013.

 

This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).