,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cegc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bh1 #bjag,mr4  
,cicill9e 7= himself1 ,mr4 ,br5dan ,f4  
,boyle ( ,p5nsylvania1 ,mr4 ,evans1 ,mr4
 ,kilm]1 ,mr4 ,nolan1 & ,ms4 ,wilson (  
,florida7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to increase !     
d$uction all[$ = /ud5t loan int]e/ & !  
limitation bas$ on income1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/ud5t ,loan ,int]e/ ,tax  
,d$uction ,expansion ,act4  #b4         
,increase 9 doll> limitation & income   
limitation on /ud5t loan int]e/ d$uction
  7a7 ,increase 9 doll> limitation on   
/ud5t loan int]e/ d$uction ,p>agraph    
7#a7 ( section #bba7;b7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
#b1ejj & ins]t+ #g1ejj 7#ae1jjj 9 ! case
 ( a jo9t return74  7b7 ,increase 9     
income limitation on /ud5t loan int]e/  
d$uction ,p>agraph 7#b7 ( section       

#bba7;b7 ( su* ,code is am5d$ to read z 
foll[s3  7#b7 ,limitation bas$ on       
modifi$ adju/$ gross income  7,a7 ,9    
g5]al ,no d$uction %all be all[$ "u     
subsection 7a7 to a taxpay] ) a modifi$ 
adju/$ gross income ov] #ajj1jjj        
7#bjj1jjj 9 ! case ( a jo9t return74    
7,b7 ,modifi$ adju/$ gross income ,! t]m
 modifi$ adju/$ gross income means      
adju/$ gross income det]m9$-- 7i7 )\t   
reg>d to ?is section & sections #aii1   
#bbb1 #iaa1 #ica1 & #icc1 &  7ii7 aft]  
application ( sections #hf1 #ace1 #acg1 
#bai1 & #dfi4  4  7c7 ,con=m+ am5dm5t   
,p>agraph 7#a7 ( section #bba7;f7 ( su* 
,code is am5d$ to read z foll[s3  7#a7  
,9 g5]al ,9 ! case ( a taxable ye>      
beg9n+ aft] #bjah1 ! #ajj1jjj & #bjj1jjj
 am\nts 9 subsection 7b77#b7 %all ea* 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> #bjag = cal5d> ye> #aiib 9   

subp>agraph 7,b7 !re(4  4  7d7          
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s end+ 
aft] ,decemb] #ca1 #bjag4