,,ii  #aacth ,,congress  #ast ,session  
,s4 #abfj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bg1     
#bjac ,mr4 ,udall of ,new ,mexico 7for  
himself and ,mr4 ,boozman7 introduced   
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
provide a standard home office          
deduction4  #a4 ,short title ,this ,act 
may be cited as the ,helping ,our       
,middle-,class ,entrepreneurs ,act or   
the ,,home ,act4  #b4 ,standard         
deduction for business use of home  7a7 
,in ,general ,subsection 7c7 of section 
#bhj;,a of the ,internal ,revenue ,code 
of #aihf is amended by adding at the end
 the following new paragraph3  7#g7     
,standard home office deduction  7,a7   
,in general ,in the case of an          
individual who is allowed a deduction   
for the use of a home office because of 
a use described in paragraph 7#a71 7#b71
 or 7#d71 notwithstanding the           

limitations of paragraph 7#e71 if such  
individual elects the application of    
this paragraph for the taxable year1    
such individual shall be allowed a      
deduction equal to the standard home    
office deduction for the taxable year in
 lieu of the deductions otherwise       
allowable under this chapter for such   
taxable year by reason of such use4     
7,b7 ,standard home office deduction    
,for purposes of this paragraph1 the    
standard home office deduction is the   
lesser of--  7i7 #a1ejj1 or  7ii7 the   
gross income derived from the           
individual's trade or business for which
 such use occurs4  7,c7 ,inflation      
adjustment ,in the case of any taxable  
year beginning in a calendar year after 
#bjac1 the dollar amount in subparagraph
 7,b77i7 shall be increased by an amount
 equal to--  7i7 such dollar amount1    
multiplied by  7ii7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1          

determined by substituting #bjab for    
#aiib in subparagraph 7,b7 thereof4     
,any increase determined under the      
preceding sentence shall be rounded to  
the nearest multiple of #ajj4  4  7b7   
,effective ,date ,the amendment made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjab4