S.Amdt. 3601

1. Inserts new text at the end of section 1002

   Inserts

   In H.R. 4872 · Placed on Calendar Senate

   (B) by striking all that follows "less than" and inserting "the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer.".

   Inserted: (c) Limitation on Liens and Levies.--Section 5000A(g)(2) of the Internal Revenue Code of 1986, as added by the Patient Protection and Affordable Care Act, is amended by striking subparagraphs (A) and (B) and inserting the following:

   Inserted: "(A) Waiver of criminal and civil penalties and interest.--In the case of any failure by a taxpayer to timely pay any penalty imposed by this section--

   Inserted: "(i) such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure, and

   Inserted: "(ii) no penalty, addition to tax, or interest shall be imposed with respect to such failure or such penalty.

   Inserted: "(B) Limited collection actions permitted.--In the case of the assessment of any penalty imposed by this section, the Secretary shall not take any action with respect to the collection of such penalty other than--

   Inserted: "(i) giving notice and demand for such penalty under section 6303,

   Inserted: "(ii) crediting under section 6402(a) the amount of any overpayment of the taxpayer against such penalty, and

   Inserted: "(iii) offsetting any payment owed by any Federal agency to the taxpayer against such penalty under the Treasury offset program.".

   Original wording

   At the end of section 1002, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed