S. 2733 — Introduced in Senate

II 113th CONGRESS 2d Session S. 2733 IN THE SENATE OF THE UNITED STATES July 31, 2014 Mr. McCain (for himself and Mr. Barrasso) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To establish a certification process for opting out of the individual health insurance mandate. 1. Short title This Act may be cited as the Obamacare Opt-Out Act of 2014. 2. Health insurance mandate opt-out (a) Obtaining exemption Notwithstanding any other provision of law, an applicable individual (as defined in subsection (d) of section 5000A of the Internal Revenue Code of 1986) desiring an exemption from the requirement to maintain minimum essential coverage under section 5000A(a) of such Code may— (1) request a certification from the Secretary of the Treasury, through the State Exchange or Federal Exchange, as applicable, that such individual is exempt from the requirements of section 5000A(a) of such Code, which such secretary shall grant upon request; or (2) indicate on the Federal income tax return of such individual that such individual elects an exemption from the requirements of section 5000A(a) of such Code. (b) Exemption from penalty (1) In general Subsection (e) of section 5000A of the Internal Revenue Code of 1986 is amended by adding at the end the following: (6) Certification of exemption; exemption claims (A) Certification of exemption An applicable individual for any month during the taxable year in which such individual receives a certification of exemption under section 2(a)(1) of the Obamacare Opt-Out Act of 2014, and for any month during any subsequent taxable year. (B) Exemption claim An applicable individual, for any month in a taxable year for which an election for an exemption under section 2(a)(2) of the Obamacare Opt-Out Act of 2014 is made. . (2) Effective date The amendments made by this subsection shall apply to months beginning after December 31, 2013.