,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #bb  ,,9 ,,! ,,h\se ,,(             
,,repres5tatives  ,janu>y #c1 #bjai,mr4 
,brady introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to make p]man5t !        
increase 9 ! /&>d d$uction1 ! increase 9
 & modifications ( ! *ild tax cr$it1 & !
 repeal ( ! d$uction = p]sonal          
exemptions conta9$ 9 ,public ,law       
#aae-ig4  #a4 ,increase 9 /&>d d$uction 
7a7 ,9 g5]al ,section #fc7;c77#b7 ( !   
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by /rik+ #d1djj 9          
subp>agraph 7,b7 & ins]t+ #ah1jjj2 &    
7#b7 by /rik+ #c1jjj 9 subp>agraph 7,c7 
& ins]t+ #ab1jjj4  7b7 ,inflation       
adju/m5t ,section #fc7;c77#d7 ( su*     
,code is am5d$ to read z foll[s3  7#d7  
,adju/m5ts = inflation  7,a7 ,9 g5]al ,9
 ! case ( a taxable ye> beg9n+ aft]     
#bjah1 ea* doll> am\nt 9 p>agraph       
7#b77;,b71 7#b77;,c71 or 7#e7 or        
subsection 7f7 %all be increas$ by an   

am\nt equal to--  7i7 su* doll> am\nt1  
multipli$ by  7ii7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ = #bjaf 9          
subp>agraph 7,a77ii7 !re(--  7,i7 9 !   
case ( ! doll> am\nts conta9$ 9 p>agraph
 7#b77;,b7 or 7#b77;,c71 #bjag1  7,,ii7 
9 ! case ( ! doll> am\nts conta9$ 9     
p>agraph 7#e77;,a7 or subsection 7f71   
#aihg1 &  7,,iii7 9 ! case ( ! doll>    
am\nt conta9$ 9 p>agraph 7#e77;,b71     
#aiig4  7,b7 ,r\nd+ ,if any increase "u 
subp>agraph 7,a7 is n a multiple ( #ej1 
su* increase %all be r\nd$ to ! next    
l[e/ multiple ( #ej4  4  7c7 ,con=m+    
am5dm5ts  7#a7 ,section #a7;f77#g77;,a7 
( su* ,code is am5d$ by /rik+ section   
#fc7;c77#d714  7#b7 ,section            
#a7;f77#g77;,b7 ( su* ,code is am5d$ by 
/rik+ sections #fc7;c77#d7 & & ins]t+   
section4  7#c7 ,section #fc7;c7 ( su*   
,code is am5d$ by /rik+ p>agraph 7#g74  
7d7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  

beg9n+ aft] ,decemb] #ca1 #bjag4  #b4   
,increase 9 & modification ( *ild tax   
cr$it  7a7 ,9 g5]al ,section #bd ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ subsections 7a71 7b71 & 7c7 &  
ins]t+ ! foll[+ new subsections3  7a7   
,all[ance ( cr$it ,!re %all be all[$ z a
 cr$it aga9/ ! tax impos$ by ?is *apt] =
 ! taxable ye> an am\nt equal to ! sum  
(--  7#a7 #b1jjj = ea* qualify+ *ild ( !
 taxpay]1 &  7#b7 #ejj = ea* qualify+   
dep5d5t 7o!r ?an a qualify+ *ild7 ( !   
taxpay]4  7b7 ,limitation bas$ on adju/$
 gross income ,! am\nt ( ! cr$it        
all[able "u subsection 7a7 %all be r$uc$
 7b n bel[ z]o7 by #ej = ea* #a1jjj 7or 
fraction !re(7 by :i* ! taxpay]'s       
modifi$ adju/$ gross income exce$s      
#djj1jjj 9 ! case ( a jo9t return       
7#bjj1jjj 9 any o!r case74 ,= purposes (
 ! prec$+ s5t5ce1 ! t]m modifi$ adju/$  
gross income means adju/$ gross income  
increas$ by any am\nt exclud$ f gross   
income "u section #iaa1 #ica1 or #icc4  
7c7 ,qualify+ *ild2 qualify+ dep5d5t ,= 

purposes ( ?is section-- 7#a7 ,qualify+ 
*ild ,! t]m qualify+ *ild means any     
qualify+ dep5d5t ( ! taxpay]--  7,a7 :o 
is a qualify+ *ild 7z def9$ 9 section   
#ggjf7;c77 ( ! taxpay]1  7,b7 :o has n  
atta9$ age #ag at ! close ( ! cal5d> ye>
 9 :i* ! taxable ye> ( ! taxpay] beg9s1 
&  7,c7 ^: "n & social security numb]   
are includ$ on ! taxpay]'s return ( tax 
= ! taxable ye>4  7#b7 ,qualify+ dep5d5t
 ,! t]m qualify+ dep5d5t means any      
dep5d5t ( ! taxpay] 7z def9$ 9 section  
#ggjf )\t reg>d to all t foll[s resid5t 
( ! ,unit$ ,/ates 9 section             
#ggjf7;b77#c77;,a77 ^: "n & ,,t9 are    
includ$ on ! taxpay]'s return ( tax = ! 
taxable ye>4  7#c7 ,social security     
numb] def9$ ,= purposes ( ?is           
subsection1 ! t]m social security numb] 
means1 ) respect to a return ( tax1 a   
social security numb] issu$ to an       
individual by ! ,social ,security       
,adm9i/ration1 b only if ! social       
security numb] is issu$--  7,a7 to a    
citiz5 ( ! ,unit$ ,/ates or pursuant to 

subclause 7,i7 7or t portion ( subclause
 7,,iii7 t relates to subclause 7,i77 ( 
section #bje7;c77#b77;,b77i7 ( ! ,social
 ,security ,act1 &  7,b7 on or be=e !   
due date ( fil+ su* return4  4  7b7     
,portion ( cr$it refundable  7#a7 ,9    
g5]al ,section #bd7;d77#a77;,a7 ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7,a7 ! cr$it :i* w\ld
 be all[$ "u ?is section det]m9$-- 7i7  
by sub/itut+ #a1djj = #b1jjj 9          
subsection 7a77#a71  7ii7 )\t reg>d to  
subsection 7a77#b71 &  7iii7 )\t reg>d  
to ?is subsection & ! limitation "u     
section #bf7;a71 or  4  7#b7            
,modification ( limitation bas$ on e>n$ 
income ,section #bd7;d77#a77;,b77i7 (   
su* ,code is am5d$ by /rik+ #c1jjj &    
ins]t+ #b1ejj4  7#c7 ,inflation adju/m5t
 ,section #bd7;d7 ( su* ,code is am5d$  
by ins]t+ aft] p>agraph 7#c7 ! foll[+   
new p>agraph3  7#d7 ,adju/m5t =         
inflation  7,a7 ,9 g5]al ,9 ! case ( a  
taxable ye> beg9n+ aft] #bjah1 ! #a1djj 
am\nt 9 p>agraph 7#a77;,a77i7 %all be   

increas$ by an am\nt equal to--  7i7 su*
 doll> am\nt1 multipli$ by  7ii7 !      
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
#bjag = #bjaf 9 subp>agraph 7,a77ii7    
!re(4  7,b7 ,r\nd+ ,if any increase "u  
subp>agraph 7,a7 is n a multiple ( #ajj1
 su* increase %all be r\nd$ to ! next   
l[e/ multiple ( #ajj4  7,c7 ,limitation 
,! am\nt ( any increase "u subp>agraph  
7,a7 7aft] ! application ( subp>agraph  
7,b77 %all n exce$ #fjj4  4  7#d7       
,con=m+ am5dm5ts  7,a7 ,section #bd7;e7 
( su* ,code is am5d$ to read z foll[s3  
7e7 ,taxpay] id5tification requirem5t   
,no cr$it %all be all[$ "u ?is section  
if ! id5tify+ numb] ( ! taxpay] 0 issu$ 
aft] ! due date = fil+ ! return ( tax = 
! taxable ye>4  4  7,b7 ,section #bd (  
su* ,code is am5d$ by /rik+ subsection  
7h74  7c7 ,effective date ,! am5dm5ts   
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjag4  #c4 ,elim9ation ( d$uction =    

p]sonal exemptions  7a7 ,9 g5]al        
,section #aea7;d77#e7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
1 & be=e ,janu>y #a1 #bjbf4  7b7 ,con=m+
 am5dm5ts  7#a7 ,section                
#aeb7;d77#a77;,b7 is am5d$ by ins]t+    
aft] section #aea7;d77 ! foll[+3 or1 9 !
 case ( a taxable ye> = :i* ! exemption 
am\nt is z]o1 ! doll> am\nt 9 effect = !
 taxable ye> "u section                 
#fccd7;d77#d77;,b74  7#b7 ,! head+ (    
section #aea7;d77#e7 ( su* ,code is     
am5d$ by /rik+ #bjah ?r\gh #bjbe &      
ins]t+ aft] #bjag4  7#c7 ,! second      
s5t5ce ( section #fccd7;d77#d77;,c7 is  
am5d$ by /rik+ #ajj ea* place x appe>s &
 ins]t+ #ej4  7c7 ,effective date ,!    
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjag4