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A bill to amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.
To amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.
Summary
- Eliminates installment agreement fees imposed by the IRS for taxpayers with adjusted gross income at or below 250 percent of the applicable poverty level.
- Uses the most recent year's adjusted gross income information available to determine which taxpayers qualify for the fee waiver.
- The elimination of fees applies to installment agreements entered into 12 months or more after the bill becomes law.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- Jul 28, 2026 Read twice and referred to the Committee on Finance. · senate
- Jul 28, 2026 Introduced in Senate
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE SENATE OF THE UNITED STATES
July 28, 2026
Mr. Bennet introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 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. <all>
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