# Pub. L. 114-27: changes to the Internal Revenue Code

2015-06-29, 129 Stat. 418. Source: <https://www.govinfo.gov/link/plaw/114/public/27>.

## Legislative history

- Bill: [H.R. 1295](https://www.congress.gov/bill/114th-congress/house-bill/1295)
- House report: [H. Rept. 114-71](https://www.govinfo.gov/content/pkg/CRPT-114hrpt71/html/CRPT-114hrpt71.htm)
- Bluebook: [JCT general explanation (2016)](https://www.govinfo.gov/app/details/CPRT-114JPRT98305)

## § 24: Child tax credit

- § 24(d): Pub. L. 114–27 added par. (5).

## § 25A: American Opportunity and Lifetime Learning credits

- § 25A(g)(3)(C): Pub. L. 114–27, § 804(a)(2), added subpar. (C).
- § 25A(g)(8): Pub. L. 114–27, § 804(a)(1), added par. (8).

## § 35: Health insurance costs of eligible individuals

- § 35(b)(1)(B): Pub. L. 114–27, § 407(a), substituted “before January 1, 2020” for “before January 1, 2014”.
- § 35(e)(1)(J): Pub. L. 114–27, § 407(d)(2), inserted “(other than coverage enrolled in through an Exchange established under the Patient Protection and Affordable Care Act)” after “under individual health insurance”.
- § 35(e)(1)(J): Pub. L. 114–27, § 407(d)(1), substituted “under individual health insurance. For purposes of” for “under individual health insurance if the eligible individual was covered under individual health insurance during the entire 30-day period that ends on the date that such individual became separated from the employment which qualified such individual for—
- § 35(g)(11), § 35(g)(12), § 35(g)(13): Pub. L. 114–27, § 407(b), added pars. (11) and (12) and redesignated former par. (11) as (13).

## § 6050S: Returns relating to higher education tuition and related expenses

- § 6050S(d)(2): Pub. L. 114–27 amended par. (2) generally. Prior to amendment, par. (2) read as follows: “the amounts described in subparagraph (B) of subsection (b)(2).”

## § 6501: Limitations on assessment and collection

- § 6501(m): Pub. L. 114–27 inserted “, 35(g)(11)” after “30D(e)(4)”.

## § 6721: Failure to file correct information returns

- § 6721(a)(1): Pub. L. 114–27, § 806(a), substituted “$250” for “$100” and “$3,000,000” for “$1,500,000”.
- § 6721(b)(1)(A): Pub. L. 114–27, § 806(b)(1)(A), (B), substituted “$50” for “$30” and “$250” for “$100”.
- § 6721(b)(1)(B): Pub. L. 114–27, § 806(b)(1)(C), substituted “$500,000” for “$250,000”.
- § 6721(b)(2)(A): Pub. L. 114–27, § 806(b)(2)(A), (B), substituted “$100” for “$60” and “$250” for “$100”.
- § 6721(b)(2)(B): Pub. L. 114–27, § 806(b)(2)(C), substituted “$1,500,000” for “$500,000”.
- § 6721(d)(1)(A): Pub. L. 114–27, § 806(c)(1), substituted “$1,000,000” for “$500,000” and “$3,000,000” for “$1,500,000”.
- § 6721(d)(1)(B): Pub. L. 114–27, § 806(c)(2), substituted “$175,000” for “$75,000” and “$500,000” for “$250,000”.
- § 6721(d)(1)(C): Pub. L. 114–27, § 806(c)(3), substituted “$500,000” for “$200,000” and “$1,500,000” for “$500,000”.
- § 6721(e)(2): Pub. L. 114–27, § 806(d)(1), substituted “$500” for “$250”.
- § 6721(e)(3)(A): Pub. L. 114–27, § 806(d)(2), substituted “$3,000,000” for “$1,500,000”.

## § 6722: Failure to furnish correct payee statements

- § 6722(a)(1): Pub. L. 114–27, § 806(e)(1), substituted “$250” for “$100” and “$3,000,000” for “$1,500,000”.
- § 6722(b)(1)(A): Pub. L. 114–27, § 806(e)(2)(A)(i), (ii), substituted “$50” for “$30” and “$250” for “$100”.
- § 6722(b)(1)(B): Pub. L. 114–27, § 806(e)(2)(A)(iii), substituted “$500,000” for “$250,000”.
- § 6722(b)(2)(A): Pub. L. 114–27, § 806(e)(2)(B)(i), (ii), substituted “$100” for “$60” and “$250” for “$100”.
- § 6722(b)(2)(B): Pub. L. 114–27, § 806(e)(2)(B)(iii), substituted “$1,500,000” for “$500,000”.
- § 6722(d)(1)(A): Pub. L. 114–27, § 806(e)(3)(A), substituted “$1,000,000” for “$500,000” and “$3,000,000” for “$1,500,000”.
- § 6722(d)(1)(B): Pub. L. 114–27, § 806(e)(3)(B), substituted “$175,000” for “$75,000” and “$500,000” for “$250,000”.
- § 6722(d)(1)(C): Pub. L. 114–27, § 806(e)(3)(C), substituted “$500,000” for “$200,000” and “$1,500,000” for “$500,000”.
- § 6722(e)(2): Pub. L. 114–27, § 806(e)(4)(A), substituted “$500” for “$250” in introductory provisions.
- § 6722(e)(3)(A): Pub. L. 114–27, § 806(e)(4)(B), substituted “$3,000,000” for “$1,500,000”.

## § 6724: Waiver; definitions and special rules

- § 6724(f): Pub. L. 114–27 added subsec. (f).

## § 7527: Advance payment of credit for health insurance costs of eligible individuals

- § 7527(a): Pub. L. 114–27, § 407(c)(1), substituted “the date that is 1 year after the date of the enactment of the Trade Adjustment Assistance Reauthorization Act of 2015” for “August 1, 2003”.
- § 7527(e)(1): Pub. L. 114–27, § 407(c)(2), substituted “occurring—” for “occurring prior to the first month for which an advance payment is made on behalf of such individual under subsection (a).” and added subpars. (A) and (B).