LOW-INCOME EXCEPTION FOR PAYMENTS OTHERWISE REQUIRED IN CONNECTION WITH A SUBMISSION OF AN OFFER-IN-COMPROMISE.

SEC. 1102. LOW-INCOME EXCEPTION FOR PAYMENTS OTHERWISE REQUIRED IN CONNECTION WITH A SUBMISSION OF AN OFFER-IN-COMPROMISE. (a) [26 U.S.C. 7122] In General.—Section 7122(c) is amended by adding at the end the following new paragraph: “(3) Exception for low-income taxpayers.—Paragraph (1), and any user fee otherwise required in connection with the submission of an offer-in-compromise, shall not apply to any offer-in-compromise with respect to a taxpayer who is an individual with adjusted gross income, as determined for the most recent taxable year for which such information is available, which does not exceed 250 percent of the applicable poverty level (as determined by the Secretary). ” . (b) [26 U.S.C. 122 note] Effective Date.—The amendment made by this section shall apply to offers-in-compromise submitted after the date of the enactment of this Act.