,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cdig  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #ad1         
#bjac,ms4 ,de,lauro introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
increase ! doll> limitation on !        
exclusion = employ]-provid$ dep5d5t c>e 
assi/ance4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,*ild ,c>e ,flex ,sp5d+ 
,act ( #bjac4  #b4 ,increase 9 doll>    
limitation on exclusion =               
employ]-provid$ dep5d5t c>e assi/ance   
7a7 ,9 g5]al ,subp>agraph 7,a7 ( section
 #abi7;a77#b7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ %all n exce$ 
& all t foll[s & ins]t+ ! foll[+3 %all n
 exce$-- 7i7 9 ! case ( a taxpay] ^:    
modifi$ adju/$ gross income = su*       
taxable ye> is less ?an #ajj1jjj 7twice 
su* am\nt 9 ! case ( a jo9t return71    
#aj1jjj 7half su* am\nt 9 ! case ( a    
sep>ate return by a m>ri$ individual71 &
  7ii7 9 any o!r case1 #e1jjj 7half su* 

am\nt 9 ! case ( a sep>ate return by a  
m>ri$ individual74  4  7b7 ,modifi$     
adju/$ gross income ,p>agraph 7#b7 (    
section #abi7;a7 ( su* ,code is am5d$ by
 add+ at ! end ! foll[+ new subp>agraph3
  7,d7 ,modifi$ adju/$ gross income ,=  
purposes ( ?is p>agraph1 ! t]m modifi$  
adju/$ gross income means ! adju/$ gross
 income ( ! taxpay] = ! taxable ye>     
increas$ by any am\nt exclud$ f gross   
income "u section #iaa1 #ica1 or #icc4  
4  7c7 ,inflation adju/m5t ,p>agraph    
7#b7 ( section #abi7;a7 ( su* ,code1 z  
am5d$ by subsection 7b71 is am5d$ by    
add+ at ! end ! foll[+ new subp>agraph3 
7,e7 ,inflation adju/m5t ,9 ! case ( any
 taxable ye> beg9n+ 9 a cal5d> ye> aft] 
#bjad1 ea* doll> am\nt conta9$ 9        
subp>agraph 7,a7 %all be increas$ by an 
am\nt equal to-- 7i7 su* doll> am\nt1   
multipli$ by  7ii7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjac = 
cal5d> ye> #aiib 9 subp>agraph 7,b7     

!re(4  ,any increase det]m9$ "u ! prec$+
 s5t5ce %all be r\nd$ to ! ne>e/        
multiple ( #ej4  4  7d7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjac4