,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #eaf  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ac1 #bjag,mr4
 ,ellison introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to r$uce !        
mortgage int]e/ d$uction relat+ to      
acquisition indebt$ness = c]ta9         
taxpay]s4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,tax ,b5efit = ,home[n]%ip 
,cl>ification ,act4  #b4 ,r$uction 9    
limitation on mortgage int]e/ d$uction  
relat+ to acquisition indebt$ness =     
c]ta9 taxpay]s  7a7 ,acquisition        
indebt$ness ,clause 7ii7 ( section      
#afc7;h77#c77;,b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ to read z foll[s3
  7ii7 ,limitation ,! aggregate am\nt   
treat$ z acquisition indebt$ness = any  
p]iod %all n exce$-- 7,i7 #a1jjj1jjj 9 !
 case ( a jo9t return 7#ejj1jjj 9 ! case
 ( a m>ri$ individual fil+ a sep>ate    
return71 &  7,,ii7 ! applicable am\nt 9 
any o!r case4  7iii7 ,applicable am\nt  

,= purposes ( clause 7ii77,,ii71 !      
applicable am\nt is z foll[s3  ,=       
taxable ye>s--,! applicable am\nt is--  
,beg9n+ 9 cal5d> ye> #bjahijj1jjj       
,beg9n+ 9 cal5d> ye> #bjaihjj1jjj       
,beg9n+ 9 cal5d> ye> #bjbjgjj1jjj       
,beg9n+ 9 cal5d> ye> #bjbafjj1jjj       
,beg9n+ 9 or aft] cal5d> ye>            
#bjbbejj1jjj4  4  7b7 ,effective date ,!
 am5dm5t made by subsection 7a7 %all    
apply to am\nts paid or incurr$ aft]    
,decemb] #ca1 #bjag4