,,ii #aae? ,,congress #a/ ,session ,s4 #abaj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #bd1 #bjag ,mr4 ,r\nds 7= himself & ,mr4 ,hoev57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to r$uce tax rates across ! bo>d4 #a4 ,r$uction 9 tax rates 7a7 ,individual tax rates 7#a7 ,9 g5]al 7,a7 ,r$uction 9 rate = initial bracket am\nt ,clause 7i7 ( section #a7;i77#a77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ 7#h p]c5t = taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjag7 aft] #aj p]c5t4 7,b7 ,r$uction 9 rate = #ae-1 #be-1 #bh-1 & #cc-p]c5t rate brackets ,p>agraph 7#b7 ( section #a7;i7 ( su* ,code is am5d$ to read z foll[s3 7#b7 ,r$uction 9 rates ,! tables "u subsections 7a71 7b71 7c71 7d71 & 7e7 %all be appli$-- 7,a7 by sub/itut+ #ac = #ae ea* place x appe>s1 7,b7 by sub/itut+ #bc = #bh ea* place x appe>s1 7,c7 by sub/itut+ #bf = #ca ea* place x appe>s1 & 7,d7 by sub/itut+ #ca = #cf ea* place x appe>s4 4 7,c7 ,r$uction 9 rate = highe/ rate brackets ,subp>agraph 7,a7 ( section #a7;i77#c7 ( su* ,code is am5d$-- 7i7 by ins]t+ 7#cc p]c5t = taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjag7 aft] #ce p]c5t 9 clause 7i71 & 7ii7 by ins]t+ 7#cg4f p]c5t = taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjag7 aft] #ci4f p]c5t 9 clause 7ii74 7,d7 ,con=m+ am5dm5ts 7i7 ,subp>agraph 7,b7 ( section #a7;g77#g7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #aj p]c5t & ins]t+ #h p]c5t4 7ii7 ,p>agraph 7#a7 ( section #a7;h7 ( su* ,code is am5d$-- 7,i7 by /rik+ #be p]c5t 9 subp>agraph 7,a77ii77,i7 & ins]t+ #bc p]c5t1 7,,ii7 by /rik+ #be p]c5t 9 subp>agraph 7,b77i7 & ins]t+ #bc p]c5t1 & 7,,iii7 by /rik+ #ci4f p]c5t 9 subp>agraph 7,c77ii77,i7 & ins]t+ #cg4f p]c5t4 7iii7 ,section #cdjb7p77#b7 ( su* ,code is am5d$ by /rik+ #aj p]c5t & ins]t+ #h p]c5t4 7#b7 ,capital ga9s rates 7,a7 ,9 g5]al ,p>agraph 7#a7 ( section #a7;h7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7i7 by /rik+ #ae p]c5t 9 subp>agraph 7,c7 & ins]t+ #ac p]c5t1 7ii7 by /rik+ #bj p]c5t 9 subp>agraph 7,d7 & ins]t+ #ah p]c5t1 7iii7 by /rik+ #be p]c5t 9 subp>agraph 7,e7 & ins]t+ #bc p]c5t1 & 7iv7 by /rik+ #bh p]c5t 9 subp>agraph 7,f7 & ins]t+ #bf p]c5t4 7,b7 ,rate "u alt]native m9imum tax ,p>agraph 7#c7 ( section #ee7;b7 ( su* ,code is am5d$-- 7i7 by /rik+ #ae p]c5t 9 subp>agraph 7,c7 & ins]t+ #ac p]c5t1 7ii7 by /rik+ #bj p]c5t 9 subp>agraph 7,d7 & ins]t+ #ah p]c5t1 & 7iii7 by /rik+ #be p]c5t 9 subp>agraph 7,e7 & ins]t+ #bc p]c5t4 7,c7 ,con=m+ am5dm5ts ,! foll[+ sections are ea* am5d$ by /rik+ #bj p]c5t & ins]t+ #ah p]c5t3 7i7 ,section #adde7;e77#a74 7ii7 ,! second s5t5ce ( section #geah7;g77#f77;,a74 7iii7 ,section #eceaa7;f77#b7 ( title #df1 ,unit$ ,/ates ,code4 7b7 ,corporate tax rates 7#a7 ,9 g5]al ,section #aa7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ #ae p]c5t 9 subp>agraph 7,a7 ins]t+ #ac p]c5t1 7ii7 by /rik+ #be p]c5t 9 subp>agraph 7,b7 & ins]t+ #bc p]c5t1 7iii7 by /rik+ #cd p]c5t 9 subp>agraph 7,c7 & ins]t+ #cb p]c5t1 & 7iv7 by /rik+ #ce p]c5t 9 subp>agraph 7,c7 & ins]t+ #cc p]c5t1 & 7,b7 9 p>agraph 7#b71 by /rik+ #ce p]c5t & ins]t+ #cc p]c5t4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #abja7;a7 ( su* ,code is am5d$ by /rik+ #ce p]c5t ea* place x appe>s & ins]t+ #cc p]c5t4 7,b7 ,p>agraphs 7#a7 & 7#b7 ( section #adde7;e7 ( su* ,code are ea* am5d$ by /rik+ #ce p]c5t & ins]t+ #cc p]c5t4 7c7 ,effective date 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is subsection1 ! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjag4 7#b7 ,am5dm5ts relat$ to )hold+ ,! am5dm5ts made by subsections 7a77#a77;,d77iii7 & 7c77#b77;,b7 %all take effect on ,janu>y #a1 #bjah4