,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ebeh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #cj1 #bjad ,mrs4
 ,capito 7= h]self1 ,mrs4 ,mc,morris    
,rodg]s1 ,mrs4 ,wagn]1 ,mrs4 ,ellm]s1   
,mrs4 ,ba*mann1 ,mr4 ,valadao1 ,mr4     
,rodney ,davis ( ,ill9ois1 ,ms4 ,grang]1
 ,mrs4 ,lummis1 & ,mr4 ,fitzpatrick7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to index ! dep5d5t c>e    
cr$it & income exclusion = inflation4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,families ,fir/ ,act4  #b4 ,inflation 
adju/m5ts ( cr$it & exclusion = dep5d5t 
c>e exp5ses  7a7 ,cr$it  7#a7 ,9 g5]al  
,section #ba7;e7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#aa7 ,inflation
 adju/m5t  7,a7 ,9 g5]al ,9 ! case ( any
 taxable ye> beg9n+ 9 a cal5d> ye> aft] 
#bjad1 ! doll> am\nts 9 subsections     
7a77#b7 & 7c77#b7 %all ea* 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  7,b7 ,r\nd+ ,any increase det]m9$
 "u subp>agraph 7,a7 %all be r\nd$ to ! 
ne>e/ multiple ( #aj4  4  7#b7 ,doll>   
limit on am\nt cr$itable ,section       
#ba7;c77#a7 ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by /rik+ #c1jjj & ins]t+
 #ej p]c5t ( ! am\nt 9 effect "u        
p>agraph 7#b7 = ! taxable ye>4  7b7     
,exclusion  7#a7 ,9 g5]al ,section      
#abi7;e7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#aj7 ,inflation        
adju/m5t  7,a7 ,9 g5]al ,9 ! case ( any 
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjad1 ! doll> am\nt 9 subsection       
7a77#b77;,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  7,b7 ,r\nd+ ,any increase det]m9$
 "u subp>agraph 7,a7 %all be r\nd$ to ! 
ne>e/ multiple ( #aj4  4  7#b7          
,limitation on exclusion ,section       
#abi7;a77#b77;,a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by /rik+ #b1ejj &
 ins]t+ #ej p]c5t ( su* am\nt4  7c7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4