,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cejh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bg1 #bjag,mr4  
,r5acci 7= himself & ,mr4 ,davidson7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide = a small      
p>tn]%ip exception f c]ta9 requirem5ts4 
#a4 ,small p>tn]%ip exception  7a7 ,9   
g5]al ,p>agraph 7#a7 ( section #fbda ( !
 ,int]nal ,rev5ue ,code ( #aihf1 z 9    
effect = returns fil$ = p>tn]%ip taxable
 ye>s beg9n+ aft] ,decemb] #ca1 #bjag1  
is am5d$ to read z foll[s3  7#a7        
,p>tn]%ip  7,a7 ,9 g5]al ,except z      
provid$ 9 subp>agraph 7,b71 ! t]m       
p>tn]%ip means any p>tn]%ip requir$ to  
file a return "u section #fjca7;a74     
7,b7 ,exception = small p>tn]%ips  7i7  
,9 g5]al ,! t]m p>tn]%ip %all n include 
any p>tn]%ip hav+ #aj or few] p>tn]s ea*
 ( :om is an individual 7o!r ?an a      
nonresid5t ali571 a ,c corporation1 or  
an e/ate ( a deceas$ p>tn]4 ,= purposes 

( ! prec$+ s5t5ce1 a husb& & wife 7& _! 
e/ates7 %all be treat$ z #a p>tn]4  7ii7
 ,election to h sub*apt] apply ,a       
p>tn]%ip 7)9 ! mean+ ( subp>agraph 7,a77
 may = any taxable ye> elect to h clause
 7i7 n apply4 ,su* election %all apply =
 su* taxable ye> & all subsequ5t taxable
 ye>s unless revok$ ) ! cons5t ( !      
,secret>y4  4  7b7 ,effective date ,!   
am5dm5t made by ?is section %all apply )
 respect to returns fil$ = p>tn]%ip     
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjag4