,,ii  #aafth ,,congress  #ast ,session  
,s4 #fhg  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #f1          
#bjai,mrs4 ,gillibrand introduced the   
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to provide for a temporary  
safe harbor for certain failures by     
individuals to pay estimated income tax4
  #a4 ,short title ,this ,act may be    
cited as the ,taxpayer ,penalty         
,protection ,act of #bjai4  #b4         
,temporary safe harbor for failure by   
individuals to pay estimated income tax 
,in the case of a taxable year beginning
 in #bjah--  7#a7 ,in general ,section  
#ffed7;d77#a77;,b7 of the ,internal     
,revenue ,code of #aihf shall be        
applied-- 7,a7 by substituting #hj      
percent for #ij percent each place such 
term appears in clause 7i7 of such      
section1 and  7,b7 by substituting #hj  
percent for #ajj percent in clause 7ii7 
of such section4  7#b7 ,individuals with
 adjusted gross income of #aej1jjj ,in  

the case of an individual to whom       
section #ffed7;d77#a77;,c7 of such ,code
 would 7but for this paragraph7 apply1  
section #ffed of such ,code shall be    
applied without regard to--  7,a7       
paragraph 7#a77;,b7 of this ,act1 and   
7,b7 section #ffed7;d77#a77;,c7 of such 
,code4  7#c7 ,farmers and fishermen     
,section #ffed7;i7 of such ,code shall  
be applied without regard to this ,act4