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H.R. 2516 (115th): Freedom from the ACA Tax Penalty Act

The text of the bill below is as of May 18, 2017 (Introduced).


I

115th CONGRESS

1st Session

H. R. 2516

IN THE HOUSE OF REPRESENTATIVES

May 18, 2017

(for himself, Mr. King of Iowa, and Mr. Blum) 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 individual mandate in areas with no Exchange plans.

1.

Short title

This Act may be cited as the Freedom from the ACA Tax Penalty Act.

2.

Waiver of individual mandate in areas with no Exchange plans

(a)

In general

Section 5000A(d)(1) of the Internal Revenue Code of 1986 is amended by striking or (4) and inserting (4), or (5).

(b)

Individuals residing in exempted areas

Section 5000A(d) of such Code is amended by adding at the end the following new paragraph:

(5)

Individuals residing in exempted areas

For purposes of months beginning after December 31, 2017, such term shall not include an individual who resides in a rating area in which the Secretary of Health and Human Services certifies for purposes of this section that no qualified health plans are offered through an Exchange established under section 1311 of the Patient Protection and Affordable Care Act.

.

(c)

Effective date

The amendments made by this section shall apply to taxable and plan years beginning after December 31, 2017.