S5144Referred to Committee
A bill to amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-07-28
Introduced
0
Cosponsors
S
ⓘType
Sponsor
Michael F. Bennet
Democrat · CO · Senator
Votes with party: 83.3% (833 recorded votes)
Full profile: /officials/B001267
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- Senate Committee on FinanceReferred To · 2026-07-28
Plain-English Summary
The proposal would remove fees that the IRS currently charges low-income and middle-income taxpayers when they set up payment plans to pay their taxes over time instead of all at once. This change would make it cheaper for struggling individuals to arrange installment agreements with the IRS, potentially saving them money on fees while they pay off their tax debt gradually.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Taxation
Full Bill Text
Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5144 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5144 To amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 28, 2026 Mr. Bennet introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INSTALLMENT AGREEMENT FEES ELIMINATED FOR CERTAIN INDIVIDUALS. (a) In General.--Section 6159(f) of the Internal Revenue Code of 1986 is amended by striking paragraph (2) and inserting the following: ``(2) Waiver.--No fee shall be imposed on an installment agreement under this section in the case of any 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).''. (b) Effective Date.--The amendment made by this section shall apply to installment agreements entered into after the date which is 12 months after the date of enactment of this Act. <all>
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