1. Short title
This Act may be cited as the “Installation Agreement Affordability Act”.
Installation Agreement Affordability Act
A BILL
To amend the Internal Revenue Code of 1986 to waive the fee for installment agreements paid by electronic payment through a debit instrument.
2. Installment fee waived for certain electronic payments
In general— Section 6159(f)(2) of the Internal Revenue Code of 1986 is amended to read as follows:
“(2) Waiver or reimbursement
“(A) In the case of a taxpayer who has agreed to make payments under the installment agreement by electronic payment through a debit instrument, no fee shall be imposed on an installment agreement under this section.
“(B) In the case of a 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), if the taxpayer is unable to make payments under the installment agreement by electronic payment through a debit instrument, the Secretary shall, upon completion of the installment agreement, pay the taxpayer an amount equal to any such fees imposed.”
Effective date— The amendment made by this section shall apply to installment agreements entered into after the date of the enactment of this Act.