[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 735 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 735

 To amend the Internal Revenue Code of 1986 to provide that penalties 
and interest will not be imposed on individuals who are citizens of the 
                             United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 28, 2009

  Mr. Carter 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 provide that penalties 
and interest will not be imposed on individuals who are citizens of the 
                             United States.

    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 ``Rangel Rule Act of 2009''.

SEC. 2. PENALTIES AND INTEREST NOT IMPOSED ON INDIVIDUALS WHO ARE 
              CITIZENS OF THE UNITED STATES.

    (a) In General.--Chapter 77 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new section:

``SEC. 7529. UNITED STATES CITIZENS EXEMPT FROM PENALTIES AND INTEREST.

    ``Any individual who is a citizen of the United States and who 
writes `Rangel Rule' on the top of the first page of the return of tax 
imposed by chapter 1 for any taxable year shall be exempt from any 
requirement to pay interest, and from any penalty, addition to tax, or 
additional amount, with respect to such return.''.
    (b) Clerical Amendment.--The table of sections for such chapter is 
amended by adding at the end the following new item:

``Sec. 7529. United states citizens exempt from penalties and 
                            interest.''.
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