,,ii  #aad? ,,congress  #b;d ,session   
,s4 #bhgi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #bh1 #bjaf ,ms4 
,ayotte 7= h]self & ,mrs4 ,capito7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide fur!r  
tax inc5tives = dep5d5t c>e assi/ance4  
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,work+ ,families ,relief ,act4  #b4  
,expansion ( exclusion = dep5d5t c>e    
assi/ance programs  7a7 ,expansion  7#a7
 ,9 g5]al ,subp>agraph 7,a7 ( section   
#abi7;a77#b7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ %all n exce$  
#e1jjj 7#b1ejj 9 ! case ( a sep>ate     
return by a m>ri$ individual & ins]t+   
%all n exce$-- 7i7 except z provid$ 9   
clause 7ii71 #aj1ejj1 &  7ii7 9 ! case (
 a sep>ate return by a m>ri$ individual1
  ! am\nt 9 effect "u clause 7i74  4    
7#b7 ,inflation adju/m5t ,p>agraph 7#b7 
( section #abi7;a7 ( su* ,code is am5d$ 
by add+ at ! end ! foll[+ new           

subp>agraph3  7,d7 ,adju/m5t = inflation
 ,9 ! case ( taxable ye>s beg9n+ aft]   
,decemb] #ca1 #bjag1 ! #aj1ejj am\nt "u 
subp>agraph 7,a77i7 %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> #bjaf =
 cal5d> ye> #aiib 9 subp>agraph 7,b7    
!re(4  ,if any am\nt z adju/$ "u !      
prec$+ s5t5ce is n a multiple ( #ajj1   
su* am\nt %all be r\nd$ to ! next l[e/  
multiple ( #ajj4  4  7b7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply to am\nts paid or incurr$ 9       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjaf4  #c4 ,all[ance ( cr$it = small   
employ] dep5d5t c>e assi/ance program   
/>t up co/s  7a7 ,9 g5]al ,section      
#de;,e ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$-- 7#a7 by /rik+ p5sion   
plan 9 subsection 7a7 & ins]t+ employee 
b5efit1 &  7#b7 by add+ at ! end !      
foll[+ new subsection3  7f7 ,application

 to dep5d5t c>e assi/ance programs ,=   
purposes ( ?is section-- 7#a7 a dep5d5t 
c>e assi/ance program ( an eligible     
employ] :i* meets ! requirem5ts (       
section #abi7;d7 %all be treat$ z an    
eligible employ] plan1 &  7#b7 ?is      
section 7includ+ ! limitation "u        
subsection 7b77 %all be appli$ sep>ately
 ) respect to any su* dep5d5t c>e       
assi/ance program ( ! eligible employ] &
 o!r eligible employ] plans ( su*       
eligible employ]4  4  7b7 ,con=m+       
am5dm5ts  7#a7 ,section #ch7;b77#ad7 ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by /rik+ p5sion plan & ins]t+ employee 
b5efit4  7#b7 ,! head+ = section #de;,e 
( su* ,code is am5d$ by /rik+ p5sion    
plan & ins]t+ employee b5efit4  7#c7 ,! 
table ( sections = subp>t ,d ( "p ,,iv (
 sub*apt] ,a ( *apt] #a ( su* ,code is  
am5d$ by /rik+ p5sion plan 9 ! item     
relat+ to section #de;,e & ins]t+       
employee b5efit4  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to co/s paid or incurr$ 9 taxable ye>s 

beg9n+ aft] ,decemb] #ca1 #bjaf1 )      
respect to dep5d5t c>e assi/ance        
programs fir/ effective aft] su* date4  
#d4 ,cr$it = mat*+ dep5d5t c>e assi/ance
 program contributions by employ]s  7a7 
,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt]
 ,a ( *apt] #a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by ins]t+ aft]   
section #de,r ! foll[+ new section3     
#de,s4 ,cr$it = employ] dep5d5t c>e     
assi/ance program mat*+ contributions   
7a7 ,9 g5]al ,= purposes ( section #ch1 
! employ] dep5d5t c>e assi/ance mat*+   
contribution cr$it det]m9$ "u ?is       
section = any taxable ye> is an am\nt   
equal to ! less] (--  7#a7 ! am\nt (    
contributions made by ! employ] )       
respect to employees to a dep5d5t c>e   
assi/ance program t meets ! requirem5ts 
( section #abi7;d71 or  7#b7 ! am\nt (  
contributions to su* dep5d5t c>e        
assi/ance program elect$ by su*         
employees "u a cafet]ia plan ( ! employ]
 to :i* section #abe applies4  7b7      
,limitation ,! cr$it all[$ "u subsection

 7a7 = any taxable ye> ) respect to any 
employee %all n exce$ #a1jjj4  7c7      
,def9itions ,any t]m us$ 9 ?is section  
:i* is us$ 9 section #abi %all h ! mean+
 giv5 su* t]m "u section #abi4  4  7b7  
,con=m+ am5dm5ts  7#a7 ,section #ch7;b7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by /rik+ plus at ! end ( p>agraph 
7#ce71 by /rik+ ! p]iod at ! end (      
p>agraph 7#cf7 & ins]t+ 1 plus1 & by    
add+ at ! end ! foll[+ new p>agraph3    
7#cg7 ! employ] dep5d5t c>e assi/ance   
mat*+ contribution cr$it det]m9$ "u     
section #de,s7a74  4  7#b7 ,! table (   
sections = subp>t ,d ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #de,r !  
foll[+ new item3  ,sec4 #de,s4 ,cr$it = 
employ] dep5d5t c>e assi/ance program   
mat*+ contributions4  4  7c7 ,effective 
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjaf4