[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7300 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 7300

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 13, 2018

  Ms. Judy Chu of California (for herself, Mr. Doggett, Mr. Larson of 
 Connecticut, Mr. Danny K. Davis of Illinois, Mr. Higgins of New York, 
 and Ms. Sanchez) introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
     To provide for a one-time 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 
2018''.

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

    In the case of a taxable year beginning in 2018--
            (1) section 6654(d)(1)(B)(ii) of the Internal Revenue Code 
        of 1986 shall be applied by substituting ``80 percent'' for 
        ``100 percent''; and
            (2) the table in section 6654(d)(1)(C) of such Code shall 
        be applied by substituting ``100'' for ``110''.
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