,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #caba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #e1 #bjai,ms4   
,judy ,*u ( ,cali=nia 7= h]self & ,mr4  
,bu*anan7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to increase !     
adju/$ gross income limitation =        
above-!-l9e d$uction ( exp5ses ( p]=m+  
arti/ employees1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,p]=m+ ,arti/ ,tax ,p>ity ,act ( #bjai4 
#b4 ,above-!-l9e d$uction ( exp5ses (   
p]=m+ arti/s  7a7 ,9 g5]al ,section     
#fb7;a77#b77;,b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$--  7#a7 by /rik+ 
p]=m+ arti/s4--,! d$uctions & ins]t+ !  
foll[+3 p]=m+ arti/s4-- 7i7 ,9 g5]al ,! 
d$uctions  1 &  7#b7 by add+ at ! end ! 
foll[+ new clauses3  7ii7 ,phase\t ,!   
am\nt ( exp5ses tak5 into acc\nt "u     
clause 7i7 %all be r$uc$ 7b n bel[ z]o7 
by #aj p]c5tage po9ts = ea* #b1jjj      
7#d1jjj 9 ! case ( a jo9t return71 or   

fraction !re(1 by :i* ! taxpay]'s adju/$
 gross income 7det]m9$ )\t reg>d to ?is 
subp>agraph7 = ! taxable ye> exce$s     
#ajj1jjj 7#bjj p]c5t ( su* am\nt 9 !    
case ( a jo9t return74  7iii7           
,co/-(-liv+ adju/m5t ,9 ! case ( any    
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjai1 ! #ajj1jjj am\nt "u clause 7ii7  
%all be increas$ by an am\nt equal to-- 
7,i7 su* doll> am\nt1 multipli$ by      
7,,ii7 ! 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 aft] adju/m5t "u ! prec$+     
s5t5ce is n a multiple ( #a1jjj1 su*    
am\nt %all be r\nd$ to ! ne>e/ multiple 
( #a1jjj4  4  7b7 ,cl>ification reg>d+  
commission paid to p]=m+ arti/'s manag] 
or ag5t ,section #fb7;a77#b77;,b77i7 (  
su* ,code1 z am5d$ by subsection 7a71 is
 am5d$ by ins]t+ be=e ! p]iod at ! end !
 foll[+3 1 includ+ any commission paid  
to ! p]=m+ arti/'s manag] or ag5t4  7c7 

,con=m+ am5dm5ts  7#a7 ,section         
#fb7;a77#b77;,b77i7 ( su* ,code1 z am5d$
 by ! prec$+ provisions ( ?is ,act1 is  
am5d$ by /rik+ by him & ins]t+ by !     
p]=m+ arti/4  7#b7 ,section #fb7;b77a7 (
 su* ,code is am5d$ by ins]t+ & at ! end
 ( subp>agraph 7,a71 by /rik+ 1 & at !  
end ( subp>agraph 7,b7 & ins]t+ a p]iod1
 & by /rik+ subp>agraph 7,c74