Directly quoted from the Ocare Act: Subtitle F—Shared Responsibility for Health Care. PART I—INDIVIDUAL RESPONSIBILITY. SEC. 1501. REQUIREMENT TO MAINTAIN MINIMUM ESSENTIAL COVERAGE. ‘‘CHAPTER 48—MAINTENANCE OF MINIMUM ESSENTIAL COVERAGE. ‘‘SEC. 5000A. REQUIREMENT TO MAINTAIN MINIMUM ESSENTIAL COVERAGE. ‘‘(g) ADMINISTRATION AND PROCEDURE.— ‘‘(1) IN GENERAL.—The penalty provided by this section shall be paid upon notice and demand by the Secretary [of the Treasury--ed.], and except as provided in paragraph (2), shall be assessed and collected in the same manner as an assessable penalty under subchapter B of chapter 68. ‘‘(2) SPECIAL RULES.—Notwithstanding any other provision of law— ‘‘(A) WAIVER OF CRIMINAL PENALTIES.—In the case of any failure by a taxpayer to timely pay any penalty imposed by this section, such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure. ‘‘(B) LIMITATIONS ON LIENS AND LEVIES.—The Secretary shall not— ‘‘(i) file notice of lien with respect to any property of a taxpayer by reason of any failure to pay the penalty imposed by this section, or ‘‘(ii) levy on any such property with respect to such failure.’’.
Posted on: Sat, 05 Oct 2013 02:52:05 +0000
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