119 S5144 IS: To amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals. U.S. Senate 2026-07-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS2d SessionS. 5144IN THE SENATE OF THE UNITED STATESJuly 28, 2026Mr. Bennet introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.

1.

Installment agreement fees eliminated for certain individuals

(a)

In general

Section 6159(f) of the Internal Revenue Code of 1986 is amended by striking paragraph (2) and inserting the following:(2)

Waiver

No fee shall be imposed on an installment agreement under this section in the case of any taxpayer with an adjusted gross income, as determined for the most recent year for which such information is available, which does not exceed 250 percent of the applicable poverty level (as determined by the Secretary)..(b)

Effective date

The amendment made by this section shall apply to installment agreements entered into after the date which is 12 months after the date of enactment of this Act.