S. 5144Senate119th Congress (2025-2027)In Committee

A bill to amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.

AI-Generated Summary

Updated August 1, 2026 at 3:21 AM UTC

The bill changes the tax code to stop charging fees on installment payment agreements for low‑ and moderate‑income taxpayers. It removes the fee for any individual whose adjusted gross income is at or below 250 % of the federal poverty level. The change would affect taxpayers who set up installment agreements after the law takes effect.

Key Provisions

Amends IRC §6159(f) to eliminate the installment‑agreement fee for taxpayers whose adjusted gross income does not exceed 250 % of the applicable poverty level.
The fee waiver applies only to installment agreements entered into more than 12 months after the law is enacted.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

July 28, 2026

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SenateIntro Referral

Introduced in Senate

July 28, 2026

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

July 28, 2026

Bill Text

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Introduced in SenateIssued July 28, 2026

119th CONGRESS

2d Session

S. 5144

IN THE SENATE OF THE UNITED STATES

July 28, 2026

Mr. Bennet introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.

Installment agreement fees eliminated for certain individuals

(a)

In general

Section 6159(f) of the Internal Revenue Code of 1986 is amended by striking paragraph (2) and inserting the following:

(2)

Waiver

No fee shall be imposed on an installment agreement under this section in the case of any 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).

(b)

Effective date

The amendment made by this section shall apply to installment agreements entered into after the date which is 12 months after the date of enactment of this Act.