,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #eeji  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ag1 #bjad  
,mr4 ,braley ( ,i[a introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
increase & ext5d ! ,am]ican ,opportunity
 ,tax ,cr$it & to increase ! /ud5t loan 
int]e/ d$uction4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,college ,tuition &
 ,debt ,relief ,act ( #bjad4  #b4       
,am]ican ,opportunity ,tax ,cr$it       
increase & ext5sion  7a7 ,cr$it made    
p]man5t ,section #be;,a7i7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
& be=e #bjah4  7b7 ,increase 9 cr$it    
am\nt ,p>agraph 7#a7 ( section #be;,a7i7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$--  7#a7 9 subp>agraph 7,a7 by     
/rik+ #b1jjj & ins]t+ #b1ejj1 &  7#b7 9 
subp>agraph 7,b7 by /rik+ z exce$s      
#b1jjj b does n exce$ #d1jjj & ins]t+ z 
exce$s #b1ejj b does n exce$ #d1ejj4    
7c7 ,adju/m5t = inflation ,section      

#be;,a7i7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#g7 ,adju/m5ts =       
inflation ,9 ! case ( a taxable ye>     
beg9n+ aft] ,decemb] #ca1 #bjae1 ea* ( !
 doll> am\nts 9 subp>agraph 7,a7 & 7,b7 
( p>agraph 7#a7 & clause 7ii7 ( p>agraph
 7#d77;,a7 %all be increas$ by an am\nt 
equal to--  7,a7 su* doll> am\nt1       
multipli$ by  7,b7 ! 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> #bjad = 
cal5d> ye> #aiib 9 subp>agraph 7,b7     
!re(4  ,if any am\nt z increas$ "u !    
prec$+ s5t5ce is n a multiple ( #aj1 su*
 am\nt %all be r\nd$ to ! ne>e/ multiple
 ( #aj4  4  7d7 ,effective date ,!      
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjad4  #c4 ,/ud5t loan int]e/     
d$uction increase  7a7 ,9 g5]al         
,p>agraph 7#a7 ( section #bba7;b7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7#a7 ,9 g5]al ,except

 z provid$ 9 p>agraph 7#b71 ! d$uction  
all[$ by subsection 7a7 = ! taxable ye> 
%all n exce$ #e1jjj4  4  7b7 ,adju/m5t =
 inflation  7#a7 ,9 g5]al ,section      
#bba7;f7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by r$esignat+ p>agraph   
7#b7 z p>agraph 7#c7 & by ins]t+ aft]   
p>agraph 7#a7 ! foll[+ new p>agraph3    
7#b7 ,adju/m5t = inflation ,9 ! case ( a
 taxable ye> beg9n+ aft] ,decemb] #ca1  
#bjae1 ! #e1jjj doll> am\nt 9 p>agraph  
7#a7 %all be increas$ by an am\nt equal 
to--  7,a7 su* doll> am\nt1 multipli$ by
  7,b7 ! 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> #bjad = cal5d> ye> 
#aiib 9 subp>agraph 7,b7 !re(4  4  7#b7 
,con=m+ am5dm5t ,section #bba7;f77#c7 ( 
! ,int]nal ,rev5ue ,code ( #aihf1 z     
r$esignat$ by p>agraph 7#a71 is am5d$ to
 read z foll[s3  7#c7 ,r\nd+  7,a7      
,modifi$ adju/$ gross income ?re%olds   
,if any am\nt z adju/$ "u p>agraph 7#a7 
is n a multiple ( #e1jjj1 su* am\nt %all

 be r\nd$ to ! next l[e/ multiple (     
#e1jjj4  7,b7 ,d$uction limitation ,if  
any am\nt z increas$ "u p>agraph 7#b7 is
 n a multiple ( #aj1 su* am\nt %all be  
r\nd$ to ! ne>e/ multiple ( #aj4  4  7c7
 ,effective date ,! am5dm5ts made by ?is
 section %all apply to taxable ye>s     
beg9n+ aft] ,decemb] #ca1 #bjad4