,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #ijag  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #ag1         
#bjbj,mr4 ,morelle introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to          
tempor>ily all[ a d$uction = ! trade or 
bus9ess exp5ses ( employees4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,home   
,(fice ,d$uction ,act ( #bjbj4  #b4     
,tempor>y d$uction = trade or bus9ess   
exp5ses ( employees  7a7 ,9 g5]al ,=    
purposes ( ! ,int]nal ,rev5ue ,code (   
#aihf-- 7#a7 ! qualifi$ employee trade  
or bus9ess d$uctions ( any taxpay] = any
 taxable ye> %all n be treat$ z itemiz$ 
d$uctions1 &  7#b7 9 ! case ( an taxpay]
 :o does n elect to itemize su*         
taxpay]'s d$uctions = any taxable ye>1 !
 taxable income ( su* taxpay] = su*     
taxable %all be r$uc$ by ! qualifi$     
employee trade or bus9ess d$uctions (   
su* taxpay] = su* taxable ye>4  7b7     
,qualifi$ employee trade or bus9ess     
d$uctions ,= purposes ( ?is section--   

7#a7 ,9 g5]al ,! t]m qualifi$ employee  
trade or bus9ess d$uctions means s mu* (
 ! taxpay]'s employee trade or bus9ess  
d$uctions = ! taxable ye> z exce$ #b    
p]c5t ! taxpay]'s adju/$ gross income 7z
 def9$ 9 section #fb ( ! ,int]nal       
,rev5ue ,code ( #aihf7 = su* taxable    
ye>4  7#b7 ,employee trade or bus9ess   
d$uctions ,! t]m employee trade or      
bus9ess d$uctions means s mu* ( !       
d$uctions all[$ by section #afb ( !     
,int]nal ,rev5ue ,code ( #aihf 7det]m9$ 
)\t reg>d to section #fg7;g7 ( su*      
,code7 z are attributable to am\nts paid
 or incurr$-- 7,a7 9 ! trade or bus9ess 
( be+ an employee1 &  7,b7 dur+ ! p]iod 
beg9n+ on ,m>* #ac1 #bjbj1 & end+ on    
,decemb] #ca1 #bjbj4  7c7 ,phase-,out   
bas$ on modifi$ adju/$ gross income     
7#a7 ,9 g5]al ,9 ! case ( any taxpay] = 
any taxable ye>1 ! am\nt ( qualifi$     
employee trade or bus9ess d$uctions tak5
 into acc\nt "u subsection 7a7 7det]m9$ 
)\t reg>d to ?is subsection7 %all be    
r$uc$ 7b n bel[ z]o7 by ! am\nt :i* be>s

 ! same ratio to ! am\nt ( su* d$uctions
 7z s det]m9$7 z-- 7,a7 ! excess (-- 7i7
 ! taxpay]'s modifi$ adju/$ gross income
 = su* taxable ye>1 ov]  7ii7 #bjj1jjj  
7#djj1jjj 9 ! case ( a jo9t return71    
be>s to  7,b7 #ej1jjj 7#ajj1jjj 9 ! case
 ( a jo9t return74  7#b7 ,modifi$ adju/$
 gross income ,= purposes ( ?is         
subsection1 ! t]m modifi$ adju/$ gross  
income means ! adju/$ gross income ( !  
taxpay] 7z def9$ 9 section #fb ( !      
,int]nal ,rev5ue ,code ( #aihf7 = !     
taxable ye> increas$ by any am\nt       
exclud$ f gross income "u sections #iaa1
 #ica1 & #icc ( su* ,code4