,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #chef  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #ac1 #bjad,mr4
 ,fo/] introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide a #b-ye>      
ext5sion ( ! exclusion f gross income = 
! dis*>ge ( qualifi$ pr9cipal resid5ce  
indebt$ness1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,home[n]s ,debt ,relief ,ext5sion ,act (
 #bjad4  #b4 ,ext5sion ( exclusion f    
gross income ( dis*>ge ( qualifi$       
pr9cipal resid5ce indebt$ness  7a7 ,9   
g5]al ,subp>agraph 7,e7 ( section       
#ajh7;a77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ ,janu>y #a1   
#bjad & ins]t+ ,janu>y #a1 #bjaf4  7b7  
,effective date ,! am5dm5t made by ?is  
section %all apply to indebt$ness       
dis*>g$ aft] ,decemb] #ca1 #bjac4  #c4  
,limitation on section #aii d$uction    
attributable to oil1 natural gas1 or    
prim>y products !re(  7a7 ,d5ial (      

d$uction ,p>agraph 7#d7 ( section       
#aii7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new subp>agraph3  7,e7 ,special rule = 
c]ta9 oil & gas income ,9 ! case ( any  
taxpay] :o is a major integrat$ oil     
company 7z def9$ 9 section              
#afg7;h77#e77;,b77 = ! taxable ye>1 !   
t]m dome/ic production gross receipts   
%all n include gross receipts f !       
production1 transportation1 or          
di/ribution ( oil1 natural gas1 or any  
prim>y product 7)9 ! mean+ ( subsection 
7d77#i77 !re(4  4  7b7 ,effective date  
,! am5dm5t made by subsection 7a7 %all  
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjac4  #d4 ,debt r$uction
 ,! net am\nt ( any sav+s realiz$ z a   
result ( ! enactm5t ( ?is ,act & !      
am5dm5ts made by ?is ,act %all be       
deposit$ 9 ! ,treasury ( ! ,unit$ ,/ates
 & us$ only to r$eem out/&+ ,f$]al debt4