,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ajgj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #g1 #bjai,mr4
 ,cicill9e 7= himself & ,mr4 ,br5dan ,f4
 ,boyle ( ,p5nsylvania7 introduc$ !     
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to increase ! doll> & income      
limitations on ! d$uction = /ud5t loan  
int]e/4  #a4 ,%ort title ,?is ,act may  
be cit$ 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 9 excess ( #ajj1jjj 
7twice su* am\nt 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] #bjbj1 !   
#ajj1jjj am\nt 9 subsection 7b77#b77;,a7
 %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> #bjai = cal5d> ye> 
#bjaf 9 subp>agraph 7,a77ii7 !re(4  4   
7d7 ,effective date ,! am5dm5ts made by 

?is section %all apply to taxable ye>s  
end+ aft] ,decemb] #ca1 #bjai4