S.1898 - Repeal and Refund Act115th Congress (2017-2018)
|Sponsor:||Sen. Daines, Steve [R-MT] (Introduced 09/28/2017)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 09/28/2017 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6228-6229) (All Actions)|
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Summary: S.1898 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (09/28/2017)
Repeal and Refund Act
This bill amends the Internal Revenue Code to repeal: (1) the requirement that individuals maintain minimum essential health care coverage (commonly referred to as the individual mandate), and (2) the reporting requirements for health insurance coverage.
The Department of the Treasury must implement a program to refund all penalties paid by taxpayers for failing to maintain minimum essential health coverage. Treasury must provide taxpayers with one payment to refund all penalties without regard to whether or not an amended tax return is filed.