Reg roundup: Last call for comments on Obama’s ‘individual mandate’

HHS said the proposed penalty for not having insurance “applies only to the limited group of taxpayers who choose to spend a substantial period of time without coverage despite having ready access to affordable coverage.”

The fine for not having insurance would be set at $95 in 2014, HHS said, and would increase to $695 by 2016.

The fee for not having insurance will continue to rise after 2106 based on a set formula.
Comments must be received by March 18.

INTERNAL REVENUE SERVICE

Rules from the IRS on the healthcare law’s employer mandate are also available for comment until March 18.

The rule says that companies must provide insurance for full-time employees and certain positions that might be outside of the traditional “full-time” scope. The healthcare coverage must also be affordable to employees and cannot exceed 9.5 percent of a worker’s income.

Businesses that don't offer insurance will have to pay a penalty of $2,000 per person, per year, if more than 30 employees receive government subsidies to help them buy insurance on the private market.

DEPARTMENT OF ENERGY
The Department of Energy has set the fees that will be charged in fiscal year 2013 for the leasing of federal lands for hydropower plants. 

Each year, the department sets the fee-per-square acre in hundreds of counties in the United States.

Of those, only seven have a four-figure rate per square acre – including San Francisco; Juneau, Alaska; and, a handful of counties in New York and New Jersey. Conversely, there are about 90 counties throughout the nation with leasing rates below $10 per square acre. New Mexico boasts the most by far — with 27 counties.

The Federal Energy Regulatory Commission lists more than 1,200 projects and applications for the use of hydropower projects.

— Sam Baker contributed.