,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #ahdj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #f1 #bjac ,ms4   
,tsongas 7= h]self & ,mr4 ,neal7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to exclude f income &     
employm5t taxes real prop]ty tax        
abatem5ts = s5iors & disabl$ individuals
 9 ex*ange = s]vices4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,s5ior &      
,retir$ ,volunte]s ,act ( #bjac4  #b4   
,exclusion f income & employm5t taxes = 
real prop]ty tax abatem5ts 9 ex*ange =  
s]vices  7a7 ,income taxes  7#a7 ,9     
g5]al ,"p ,,iii ( sub*apt] ,b ( *apt] #a
 ( ! ,int]nal ,rev5ue ,code ( #aihf     
7relat+ to items specifically exclud$ f 
gross income7 is am5d$ by ins]t+ at]    
section #aci;,d ! foll[+ new section3   
#aci;,e4 ,real prop]ty tax abatem5ts 9  
ex*ange = s]vices  7a7 ,9 g5]al ,9 !    
case ( a qualifi$ individual1 gross     
income %all n include any real prop]ty  

tax abatem5t receiv$ "u a ,/ate program1
 or a local program "u specific au?ority
 ( ,/ate law1 9 :i* ! taxpay] receives  
su* abatem5t 9 ex*ange = s]vices4  7b7  
,qualifi$ individual ,= purposes (      
subsection 7a71 ! t]m qualifi$          
individual means any individual :o--    
7#a7 has atta9$ age #fj1 or  7#b7 is    
disabl$ 7)9 ! mean+ ( section           
#gb7m77#g774  4  7#b7 ,cl]ical am5dm5t  
,! table ( sections = "p ,,iii (        
sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #aci;,d ! foll[+ new item3      
,sec4 #aci;,e4 ,real prop]ty tax        
abatem5ts 9 ex*ange = s]vices4  4  7b7  
,employm5t taxes  7#a7 ,9 g5]al         
,p>agraph 7#g7 ( section #caba7;b7 ( su*
 ,code is am5d$ by /rik+ or at ! end (  
subp>agraph 7,e71 by ins]t+ or at ! end 
( subp>agraph 7,f71 & by ins]t+ aft]    
subp>agraph 7,f7 ! foll[+3  7,g7 s]vice 
"u a ,/ate program 9 :i* ! taxpay] 9    
ex*ange = s]vices receives an abatem5t (
 real prop]ty taxes :i* is exclud$ f    

income "u section #aci;,e2  4  7#b7     
,con=m+ am5dm5ts to ,social ,security   
,act ,section #baj7;a77#g7 ( ! ,social  
,security ,act 7#db ,u4,s4,c4           
#daj7;a77#g77 is am5d$ by /rik+ or at ! 
end ( subp>agraph 7,e71 by /rik+ ! p]iod
 at ! end ( subp>agraph 7,f7 & ins]t+ 1 
or1 & by ins]t+ aft] subp>agraph 7,f7 ! 
foll[+3  7,g7 s]vice "u a ,/ate program 
9 :i* ! taxpay] 9 ex*ange = s]vices     
receives an abatem5t ( real prop]ty     
taxes :i* is exclud$ f income "u section
 #aci;,e ( ! ,int]nal ,rev5ue ,code (   
#aihf4  4  7c7 ,effective dates  7#a7 ,!
 am5dm5ts made by subsection 7a7 %all   
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjac4  7#b7 ,! am5dm5ts  
made by subsection 7b7 %all apply to    
s]vice p]=m$ aft] ,decemb] #ca1 #bjac4