The Trade Preferences Extension Act of 2015 was about extending a trade agreement for certain partners of the United States, but one of the law’s revenue offsets includes a provision that increases penalties for incorrect information returns, including those required by the ACA, to $250 per day (was $100 per day) with an annual cap of $3,000,000 (was $1,500,000)

This comes on top of the original penalties for employers who did not file a timely statement or fail to include all the required information or includes incorrect information, which was $100 per return for which the failure occurs – and it is charged twice, since both sections would be violated.