WildB
Moderator
Member # 2917
|
posted
Hey take a look at this **** .The Moztec will be exempt from Lil'O Care....and its fines! Section 1501 of the PPACA also creates exemptions from those penalties. (5) Under the heading "religious exemptions," the Act sets out two distinct categories of individuals who are exempt from the tax: those with a "religious conscience" objection to insurance and those who are members of a "health care sharing ministry." (6) The religious conscience exemption applies to anyone who is "a member of a recognized religious sect or division thereof described in [section] 1402(g)(1) [of the Internal Revenue Code]" and meets the additional requirements laid out in that section. (7) The additional requirements limit the exemption to (1) sects that "make provision[s] for their dependent members which [are] reasonable in view of their general level of living," and (2) sects that have "been in existence at all times since December 31, 1950." (8) These requirements and the history behind their creation are discussed in Part II.A., infra. An individual who
meets the requirements of the religious conscience exemption is entirely immune from the tax penalties associated with the individual mandate.
(1) Exemption
Subject to paragraph (2), any individual who is
(A) a duly ordained, commissioned, or licensed minister of a church or a member of a religious order (other than a member of a religious order who has taken a vow of poverty as a member of such order) or
(B) a Christian Science practitioner, upon filing an application (in such form and manner, and with such official, as may be prescribed by regulations made under this chapter) together with a statement that either he is conscientiously opposed to, or because of religious principles he is opposed to, the acceptance (with respect to services performed by him as such minister, member, or practitioner) of any public insurance which makes payments in the event of death, disability, old age, or retirement or makes payments toward the cost of, or provides services for, medical care (including the benefits of any insurance system established by the Social Security Act) and, in the case of an individual described in subparagraph (A), that he has informed the ordaining, commissioning, or licensing body of the church or order that he is opposed to such insurance, shall receive an exemption from the tax imposed by this chapter with respect to services performed by him as such minister, member, or practitioner. Notwithstanding the preceding sentence, an exemption may not be granted to an individual under this subsection if he had filed an effective waiver certificate under this section as it was in effect before its amendment in 1967.
(2) Verification of application
The Secretary may approve an application for an exemption filed pursuant to paragraph (1) only if the Secretary has verified that the individual applying for the exemption is aware of the grounds on which the individual may receive an exemption pursuant to this subsection and that the individual seeks exemption on such grounds. The Secretary (or the Commissioner of Social Security under an agreement with the Secretary) shall make such verification by such means as prescribed in regulations.
(3) Time for filing application
Any individual who desires to file an application pursuant to paragraph (1) must file such application on or before whichever of the following dates is later:
(A) the due date of the return (including any extension thereof) for the second taxable year for which he has net earnings from self-employment (computed without regard to subsections (c)(4) and (c)(5)) of $400 or more, any part of which was derived from the performance of service described in subsection (c)(4) or (c)(5); or
(B) the due date of the return (including any extension thereof) for his second taxable year ending after 1967.
(4) Effective date of exemption
An exemption received by an individual pursuant to this subsection shall be effective for the first taxable year for which he has net earnings from self-employment (computed without regard to subsections (c)(4) and (c)(5)) of $400 or more, any part of which was derived from the performance of service described in subsection (c)(4) or (c)(5), and for all succeeding taxable years. An exemption received pursuant to this subsection shall be irrevocable.http://www.law.cornell.edu/uscode/text/26/1402
--------------------
That is all.....
Posts: 8775 | From: USA, MICHIGAN | Registered: Mar 2004
| IP: Logged | 
|
Printer-friendly view of this topic
