,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #aba  ,,in ,,the ,,house ,,of   
,,representatives  ,january #c1 #bjac   
,mr4 ,holt introduced the following     
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide a #e-year    
reinstatement of the real property      
standard deduction and to adjust such   
deduction for inflation4  #a4           
,reinstatement of real property standard
 deduction  7a7 ,extension ,subparagraph
 7,c7 of section #fc7;c77#a7 of the     
,internal ,revenue ,code of #aihf is    
amended by striking in #bjjh or #bjji   
and inserting after ,december #ca1      
#bjab1 and before ,january #a1 #bjah4   
7b7 ,adjustments for inflation  7#a7 ,in
 general ,subparagraph 7,b7 of section  
#fc7;c77#d7 of such ,code is amended--  
7,a7 by inserting 7#bjac in the case of 
the dollar amount contained in paragraph
 7#g77;,b77 after #aihh1  7,b7 by       
striking or 7#e7 and inserting 7#e71 or 

7#g77;,b71 and  7,c7 by striking and at 
the end of clause 7i71 by striking the  
period at the end of clause 7ii7 and    
inserting 1 and1 and by inserting after 
clause 7ii7 the following3  7iii7       
calendar year #bjaa in the case of the  
dollar amount contained in paragraph    
7#g77;,b74  4  7#b7 ,conforming         
amendment ,subparagraph 7,b7 of section 
#fc7;c77#g7 of such ,code is amended by 
striking #a1jjj and inserting twice such
 amount4  7c7 ,effective date ,the      
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjab4