H.R. 1300 - Taxpayer Penalty Protection Act of 2019

116TH CONGRESS
1ST SESSION

H.R. 1300

To provide for a temporary safe harbor for certain
failures by individuals to pay estimated income tax.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 15, 2019

Ms. JUDY CHU of California (for herself, Mr. LEWIS,
Ms. SÁNCHEZ, Mr. PASCRELL, Mr. DOGGETT, Mr. GOMEZ,
Mr. PANETTA, Mr. EVANS, Mr. BRENDAN F. BOYLE of Pennsylvania,
Mr. LARSON of Connecticut, Ms. SEWELL of Alabama, Mr. DANNY
K. DAVIS of Illinois, Mr. HIGGINS of New York, and Mr. BLUMENAUER)
introduced the following bill; which was referred
to the Committee on Ways and Means

A BILL

To provide for a temporary safe harbor for certain failures by individuals to pay estimated income tax.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Taxpayer Penalty Protection Act of 2019".

SEC. 2. SAFE HARBOR FOR FAILURE BY INDIVIDUALS TO PAY ESTIMATED INCOME TAX.

In the case of a taxable year beginning in 2018 — 

(1) except as provided in paragraph (2), section 6654(d)(1)(B) of the Internal Revenue Code of 1986 shall be applied by substituting —

(A) in clause (i), ‘‘80 percent’’ for ‘‘90 percent’’ each place such term appears, and

(B) in clause (ii), ‘‘80 percent’’ for ‘‘100 percent’’, and

(2) in the case of an individual to whom section 6654(d)(1)(C)(i) would (but for this paragraph) apply, section 6654 of such Code shall be applied without regard to —

(A) paragraph (1)(B) of this Act, and

(B) section 6654(d)(1)(C)(i).