,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ageg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ad1 #bjai,ms4   
,und]wood 7= h]self & ,mr4 ,ca/5 (      
,ill9ois7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to increase !     
limitation on ! am\nt individuals c     
d$uct = c]ta9 ,/ate & local taxes4  #a4 
,increase 9 limitation on d$uction =    
c]ta9 ,/ate & local taxes ( individuals 
7a7 ,9 g5]al ,section #afd7;b77#f77;,b7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by /rik+ #aj1jjj 7#e1jjj 9 ! case 
( a m>ri$ individual fil+ a sep>ate     
return7 & ins]t+ #ae1jjj 7twice su*     
am\nt 9 ! case ( a jo9t return74  7b7   
,inflation adju/m5t ,section #afd7;b7 ( 
su* ,code is am5d$ by add+ at ! end !   
foll[+ new p>agraph3  7#g7 ,inflation   
adju/m5t ,9 ! case ( any taxable ye>    
beg9n+ aft] ,decemb] #ca1 #bjai1 !      
#ae1jjj am\nt 9 p>agraph 7#f77;,b7 %all 
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> #bjah = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  ,if any     
am\nt z adju/$ "u ! prec$+ s5t5ce is n a
 multiple ( #ajj1 su* am\nt %all be     
r\nd$ to ! next l[e/ multiple ( #ajj4  4
  7c7 ,effective date ,! am5dm5ts made  
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjah4