,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bghi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #aj1 #bjad   
,mr4 ,h>k9 7= himself1 ,mr4 ,leahy1 ,mr4
 ,durb91 ,mrs4 ,murray1 ,mr4 ,:iteh\se1 
,mr4 ,re$1 ,mr4 ,johnson ( ,s\? ,dakota1
 ,mr4 ,b5net1 ,mrs4 ,%ahe51 ,mr4 ,casey1
 ,mr4 ,blum5?al1 ,ms4 ,w>r51 & ,mrs4    
,hagan7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d "p ,b ( !  
,individuals ) ,disabilities ,education 
,act to provide full ,f$]al fund+ ( su* 
"p4  #a4 ,%ort title ,?is ,act may be   
cit$ z ! ,,idea ,full ,fund+ ,act4  #b4 
,am5dm5ts to idea  ,section #faa7;i7 ( !
 ,individuals ) ,disabilities ,education
 ,act 7#bj ,u4,s4,c4 #adaa7;i77 is am5d$
 to read z foll[s3  7i7 ,fund+ ,= !     
purpose ( c>ry+ out ?is "p1 o!r ?an     
section #fai1 !re are au?oriz$ to be    
appropriat$--  7#a7 #ab1iee1hda1jjj =   
fiscal ye> #bjae1 & !re are h]eby       
appropriat$1 out ( any money 9 !        
,treasury n o!rwise appropriat$1        

#a1cgg1ihf1jjj = fiscal ye> #bjae1 :i*  
%all become available = obligation on   
,july #a1 #bjae1 & %all rema9 available 
?r\gh ,septemb] #cj1 #bjaf2  7#b7       
#ad1dig1hcd1jjj = fiscal ye> #bjaf1 &   
!re are h]eby appropriat$1 out ( any    
money 9 ! ,treasury n o!rwise           
appropriat$1 #b1iai1igi1jjj = fiscal ye>
 #bjaf1 :i* %all become available =     
obligation on ,july #a1 #bjaf1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjag2  7#c7 #af1bbc1ced1jjj = fiscal   
ye> #bjag1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #d1fde1dii1jjj = fiscal ye>
 #bjag1 :i* %all become available =     
obligation on ,july #a1 #bjag1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjah2  7#d7 #ah1aed1bdc1jjj = fiscal   
ye> #bjah1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #f1egf1chh1jjj = fiscal ye>
 #bjah1 :i* %all become available =     
obligation on ,july #a1 #bjah1 & %all   
rema9 available ?r\gh ,septemb] #cj1    

#bjai2  7#e7 #bj1cad1idf1jjj = fiscal   
ye> #bjai1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #h1gcg1jia1jjj = fiscal ye>
 #bjai1 :i* %all become available =     
obligation on ,july #a1 #bjai1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjbj2  7#f7 #bb1gcb1hac1jjj = fiscal   
ye> #bjbj1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #aa1aed1ieh1jjj = fiscal   
ye> #bjbj1 :i* %all become available =  
obligation on ,july #a1 #bjbj1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjba2  7#g7 #be1dch1deb1jjj = fiscal   
ye> #bjba1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #ac1hfj1eig1jjj = fiscal   
ye> #bjba1 :i* %all become available =  
obligation on ,july #a1 #bjba1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjbb2  7#h7 #bh1dff1aad1jjj = fiscal   
ye> #bjbb1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #af1hhh1bei1jjj = fiscal   

ye> #bjbb1 :i* %all become available =  
obligation on ,july #a1 #bjbb1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjbc2  7#i7 #ca1hed1abg1jjj = fiscal   
ye> #bjbc1 & !re are h]eby appropriat$1 
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 #bj1bgf1bgb1jjj = fiscal   
ye> #bjbc1 :i* %all become available =  
obligation on ,july #a1 #bjbc1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjbd2 &  7#aj7 #ce1fde1cgg1jjj = fiscal
 ye> #bjbd1 & !re are h]eby appropriat$1
 out ( any money 9 ! ,treasury n o!rwise
 appropriat$1 #bd1jfg1ebb1jjj = fiscal  
ye> #bjbd1 :i* %all become available =  
obligation on ,july #a1 #bjbd1 & %all   
rema9 available ?r\gh ,septemb] #cj1    
#bjbe4  4  #c4 ,fair %>e ,tax on        
,high-,income ,taxpay]s  7a7 ,9 g5]al   
,sub*apt] ,a ( *apt] #a ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new "p3  ,,viii ,fair 
%>e tax on high-income taxpay]s  ,sec4  
#ei;,b4 ,fair %>e tax4  #ei;,b4 ,fair   
%>e tax  7a7 ,g5]al rule  7#a7 ,phase-9 

( tax ,9 ! case ( any high-income       
taxpay]1 !re is h]eby impos$ = a taxable
 ye> 79 addition to any o!r tax impos$  
by ?is subtitle7 a tax equal to !       
product (-- 7,a7 ! am\nt det]m9$ "u     
p>agraph 7#b71 &  7,b7 a fraction 7n to 
exce$ #a7-- 7i7 ! num]ator ( :i* is !   
excess (-- 7,i7 ! taxpay]'s adju/$ gross
 income1 ov]  7,,ii7 ! doll> am\nt 9    
effect "u subsection 7c77#a71 &  7ii7 ! 
d5om9ator ( :i* is ! doll> am\nt 9      
effect "u subsection 7c77#a74  7#b7     
,am\nt ( tax ,! am\nt ( tax det]m9$ "u  
?is p>agraph is an am\nt equal to !     
excess 7if any7 (-- 7,a7 ! t5tative fair
 %>e tax = ! taxable ye>1 ov]  7,b7 !   
excess (-- 7i7 ! sum (-- 7,i7 ! regul>  
tax liability 7z def9$ 9 section        
#bf7;b77 = ! taxable ye>1 det]m9$ )\t   
reg>d to any tax liability det]m9$ "u   
?is section1  7,,ii7 ! tax impos$ by    
section #ee = ! taxable ye>1 plus       
7,,iii7 ! payroll tax = ! taxable ye>1  
ov]  7ii7 ! cr$its all[able "u "p ,,iv (
 sub*apt] ,a 7o!r ?an sections #bg7;a71 

#ca1 & #cd74  7b7 ,t5tative fair %>e tax
 ,= purposes ( ?is section-- 7#a7 ,9    
g5]al ,! t5tative fair %>e tax = !      
taxable ye> is #cj p]c5t ( ! excess (-- 
7,a7 ! adju/$ gross income ( ! taxpay]1 
ov]  7,b7 ! modifi$ *>itable            
contribution d$uction = ! taxable ye>4  
7#b7 ,modifi$ *>itable contribution     
d$uction ,= purposes ( p>agraph 7#a7--  
7,a7 ,9 g5]al ,! modifi$ *>itable       
contribution d$uction = any taxable ye> 
is an am\nt equal to ! am\nt :i* be>s ! 
same ratio to ! d$uction all[able "u    
section #agj 7section #fdb7;c7 9 ! case 
( a tru/ or e/ate7 = su* taxable ye> z--
 7i7 ! am\nt ( itemiz$ d$uctions        
all[able "u ! regul> tax 7z def9$ 9     
section #ee7 = su* taxable ye>1 det]m9$ 
aft] ! application ( section #fh1 be>s  
to  7ii7 su* am\nt1 det]m9$ be=e !      
application ( section #fh4  7,b7        
,taxpay] mu/ itemize ,9 ! case ( any    
individual :o does n elect to itemize   
d$uctions = ! taxable ye>1 ! modifi$    
*>itable contribution d$uction %all be  

z]o4  7c7 ,high-,income taxpay] ,=      
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m high-income taxpay] means1 )     
respect to any taxable ye>1 any taxpay] 
7o!r ?an a corporation7 ) an adju/$     
gross income = su* taxable ye> 9 excess 
( #a1jjj1jjj 7#ej p]c5t ( su* am\nt 9 ! 
case ( a m>ri$ individual :o files a    
sep>ate return74  7#b7 ,inflation       
adju/m5t  7,a7 ,9 g5]al ,9 ! case ( a   
taxable ye> beg9n+ aft] #bjaf1 !        
#a1jjj1jjj am\nt "u p>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> #bjae = cal5d> ye> #aiib 9   
subp>agraph 7,b7 !re(4  7,b7 ,r\nd+ ,if 
any am\nt z adju/$ "u subp>agraph 7,a7  
is n a multiple ( #aj1jjj1 su* am\nt    
%all be r\nd$ to ! next l[e/ multiple ( 
#aj1jjj4  7d7 ,payroll tax ,= purposes (
 ?is section1 ! payroll tax = any       
taxable ye> is an am\nt equal to !      

excess (-- 7#a7 ! taxes impos$ on !     
taxpay] "u sections #adja1 #adaa1 #caja1
 #cbja1 & #cbaa7;a7 7to ! ext5t su* tax 
is attributable to ! rate ( tax 9 effect
 "u section #caja7 ) respect to su*     
taxable ye> or wages or comp5sation     
receiv$ dur+ su* taxable ye>1 ov]  7#b7 
! d$uction all[able "u section #afd7;f7 
= su* taxable ye>4  7e7 ,special rule = 
e/ates & tru/s ,= purposes ( ?is        
section1 9 ! case ( an e/ate or tru/1   
adju/$ gross income %all be comput$ 9 ! 
mann] describ$ 9 section #fg7;e74  7f7  
,n treat$ z tax impos$ by ?is *apt] =   
c]ta9 purposes ,! tax impos$ "u ?is     
section %all n be treat$ z tax impos$ by
 ?is *apt] = purposes ( det]m9+ ! am\nt 
( any cr$it "u ?is *apt] 7o!r ?an !     
cr$it all[$ "u section #bg7;a77 or =    
purposes ( section #ee4  4  7b7 ,cl]ical
 am5dm5t ,! table ( p>ts = sub*apt] ,a (
 *apt] #a ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by add+ at ! end ! foll[+
 new item3  ,"p ,,viii--,fair %>e tax on
 high-,income taxpay]s  4  7c7          

,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjae4