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

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

• 1 Section 1. Short title
• 2 Sec. 2. Delay in implementation of penalty for failure to comply with individual health insurance mandate
  • 2.1 (a) In general–
    • 2.1.1 (5) Delay in implementation of penalty–
    • 2.2.1 (1) Phase in of percentage of income limitation–
    • 2.2.2 (2) Phase in of applicable dollar amount–
    • 2.2.3 (3) Indexing of applicable dollar amount–
    • 2.2.4 (4) Indexing of exemption based on household income–

    Section 1. Short title

    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 mandate

    (a) In general–

    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–

    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–

    (1) Phase in of percentage of income limitation–

    (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–

    (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–

    (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–

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

    (c) Effective date–

    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).

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