H.R. 7300 — Introduced in House

I 115th CONGRESS 2d Session H. R. 7300 IN THE HOUSE OF REPRESENTATIVES December 13, 2018Ms. Judy Chu of California (for herself, Mr. Doggett, Mr. Larson of Connecticut, Mr. Danny K. Davis of Illinois, Mr. Higgins of New York, and Ms. Sánchez) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To provide for a one-time safe harbor for certain failures by individuals to pay estimated income tax. 1. Short title This Act may be cited as the Taxpayer Penalty Protection Act of 2018. 2. Safe harbor for failure by individuals to pay estimated income tax In the case of a taxable year beginning in 2018— (1) section 6654(d)(1)(B)(ii) of the Internal Revenue Code of 1986 shall be applied by substituting 80 percent for 100 percent; and (2) the table in section 6654(d)(1)(C) of such Code shall be applied by substituting 100 for 110.