A bill to amend the Internal Revenue Code of 1986 to eliminate...
A bill to amend the Internal Revenue Code of 1986 to eliminate installment agreement fees for certain individuals.
This bill proposes to change the Internal Revenue Code to stop requiring certain people from paying fees when they set up payment plans (installment agreements) for taxes they owe. If the bill passes, it will affect individuals who qualify for these changes by saving them money on fees.
The bill was introduced on July 28, 2026, and it is currently in the early stages of the legislative process. It has been read twice and referred to the Committee on Finance for further review and potential changes. The primary sponsor of this bill is Senator Michael Bennet, a Democrat.
As of now, the bill is still in its initial stages, having just been introduced and referred to a committee. It has not yet been scheduled for any committee meetings or votes. Future actions will include committee review and possible amendments before any vote in the full Senate can take place.
