,,ii  #aafth ,,congress  #ast ,session  
,s4 #aafb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #aa1    
#bjai,mr4 ,cruz 7for himself1 ,ms4      
,ernst1 ,mrs4 ,blackburn1 ,mr4 ,cramer1 
and ,mr4 ,braun7 introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to make         
permanent the individual tax provisions 
of the tax reform law1 and for other    
purposes4  #a4 ,permanent modification  
of individual rate brackets  7a7        
,married individuals filing joint       
returns and surviving spouses ,the table
 contained in subsection 7a7 of section 
#a of the ,internal ,revenue ,code of   
#aihf is amended to read as follows3    
,if taxable income is3,the tax is3,not  
over #ai1jejaj of taxable income4,over  
#ai1jej but not over #gg1djja1ije1 plus 
#ab of the excess over #ai1jej4,over    
#gg1djj but not over #afe1jjjh1ijg1 plus
 #bb of the excess over #gg1djj4,over   

#afe1jjj but not over #cae1jjjbh1agi1   
plus #bd of the excess over             
#afe1jjj4,over #cae1jjj but not over    
#djj1jjjfd1agi1 plus #cb of the excess  
over #cae1jjj4,over #djj1jjj but not    
over #fjj1jjjia1cgi1 plus #ce of the    
excess over #djj1jjj4,over              
#fjj1jjjafa1cgi1 plus #cg of the excess 
over #fjj1jjj4 4  7b7 ,heads of         
households ,the table contained in      
subsection 7b7 of section #a of the     
,internal ,revenue ,code of #aihf is    
amended to read as follows3  ,if taxable
 income is3,the tax is3,not over        
#ac1fjjaj of taxable income4,over       
#ac1fjj but not over #ea1hjja1cfj1 plus 
#ab of the excess over #ac1fjj4,over    
#ea1hjj but not over #hb1ejje1idd1 plus 
#bb of the excess over #ea1hjj4,over    
#hb1ejj but not over #aeg1ejjab1fih1    
plus #bd of the excess over             
#hb1ejj4,over #aeg1ejj but not over     
#bjj1jjjcj1fih1 plus #cb of the excess  
over #aeg1ejj4,over #bjj1jjj but not    
over #ejj1jjjdd1bih1 plus #ce of the    

excess over #bjj1jjj4,over              
#ejj1jjjadi1bih1 plus #cg of the excess 
over #ejj1jjj4 4  7c7 ,unmarried        
individuals other than surviving spouses
 and heads of households ,the table     
contained in subsection 7c7 of section  
#a of the ,internal ,revenue ,code of   
#aihf is amended to read as follows3    
,if taxable income is3,the tax is3,not  
over #i1ebeaj of taxable income4,over   
#i1ebe but not over #ch1gjjieb4ej1 plus 
#ab of the excess over #i1ebe4,over     
#ch1gjj but not over #hb1ejjd1dec4ej1   
plus #bb of the excess over             
#ch1gjj4,over #hb1ejj but not over      
#aeg1ejjad1jhi4ej1 plus #bd of the      
excess over #hb1ejj4,over #aeg1ejj but  
not over #bjj1jjjcb1jhi4ej1 plus #cb of 
the excess over #aeg1ejj4,over #bjj1jjj 
but not over #ejj1jjjde1fhi4ej1 plus #ce
 of the excess over #bjj1jjj4,over      
#ejj1jjjaej1fhi4ej1 plus #cg of the     
excess over #ejj1jjj4 4  7d7 ,married   
individuals filing separate returns ,the
 table contained in subsection 7d7 of   

section #a of the ,internal ,revenue    
,code of #aihf is amended to read as    
follows3  ,if taxable income is3,the tax
 is3,not over #i1ebeaj of taxable       
income4,over #i1ebe but not over        
#ch1gjjieb4ej1 plus #ab of the excess   
over #i1ebe4,over #ch1gjj but not over  
#hb1ejjd1dec4ej1 plus #bb of the excess 
over #ch1gjj4,over #hb1ejj but not over 
#aeg1ejjad1jhi4ej1 plus #bd of the      
excess over #hb1ejj4,over #aeg1ejj but  
not over #bjj1jjjcb1jhi4ej1 plus #cb of 
the excess over #aeg1ejj4,over #bjj1jjj 
but not over #cjj1jjjde1fhi4ej1 plus #ce
 of the excess over #bjj1jjj4,over      
#cjj1jjjhj1fhi4ej1 plus #cg of the      
excess over #cjj1jjj4 4  7e7 ,estates   
and trusts ,the table contained in      
subsection 7e7 of section #a of the     
,internal ,revenue ,code of #aihf is    
amended to read as follows3  ,if taxable
 income is3,the tax is3,not over        
#b1eejaj of taxable income4,over #b1eej 
but not over #i1aejbee1 plus #bd of the 
excess over #b1eej4,over #i1aej but not 

over #ab1ejja1hci1 plus #ce of the      
excess over #i1aej4,over                
#ab1ejjc1jaa4ej1 plus #cg of the excess 
over #ab1ejj4 4  7f7 ,adjustment for    
inflation ,subsection 7f7 of section #a 
of the ,internal ,revenue ,code of #aihf
 is amended-- 7#a7 by striking #aiic in 
paragraph 7#a7 and inserting #bjah1     
7#b7 by striking determined-- and all   
that follows in paragraph 7#b77;,a7 and 
inserting determined by substituting    
#bjag for #bjaf in paragraph            
7#c77;,a77ii711  7#c7 by striking a     
married individual filing a separate    
return in paragraph 7#g77;,b7 and       
inserting any unmarried individual other
 than a surviving spouse or head of     
household1  7#d7 by striking married    
individuals filing separately in the    
heading of subparagraph 7,b7 of         
paragraph 7#g7 and inserting certain    
unmarried individuals1 and  7#e7 by     
striking paragraph 7#h74  7g7 ,special  
rules for certain children with unearned
 income ,subsection 7g7 of section #a of

 the ,internal ,revenue ,code of #aihf  
is amended-- 7#a7 by striking paragraphs
 7#a71 7#c71 and 7#e71  7#b7 by         
redesignating paragraphs 7#d71 7#f71 and
 7#g7 as paragraphs 7#e71 7#g71 and     
7#h71 respectively1  7#c7 by            
redesignating paragraph 7#b7 as         
paragraph 7#f7 and by moving such       
paragraph to the position between       
paragraphs 7#e7 and 7#g7 7as so         
redesignated71  7#d7 by inserting before
 paragraph 7#e7 7as so redesignated7 the
 following new paragraphs3  7#a7 ,in    
general ,in the case of a child to whom 
this subsection applies for the taxable 
year1 the amount of tax imposed by this 
section on such child shall be          
determined as provided in paragraphs    
7#b7 and 7#c74  7#b7 ,modifications to  
applicable rate brackets ,the income tax
 table otherwise applicable under this  
section to the child shall be applied   
with the following modifications3  7,a7 
#bd-percent bracket ,the maximum taxable
 income which is taxed at a rate below  

#bd percent shall not be more than the  
sum of--  7i7 the earned taxable income 
of such child1 plus  7ii7 the minimum   
taxable income for the #bd-percent      
bracket in the table under subsection   
7e7 7as adjusted under subsection 7f77  
for the taxable year4  7,b7 #ce-percent 
bracket ,the maximum taxable income     
which is taxed at a rate below #ce      
percent shall not be more than the sum  
of--  7i7 the earned taxable income of  
such child1 plus  7ii7 the minimum      
taxable income for the #ce-percent      
bracket in the table under subsection   
7e7 7as adjusted under subsection 7f77  
for the taxable year4  7,c7 #cg-percent 
bracket ,the maximum taxable income     
which is taxed at a rate below #cg      
percent shall not be more than the sum  
of--  7i7 the earned taxable income of  
such child1 plus  7ii7 the minimum      
taxable income for the #cg-percent      
bracket in the table under subsection   
7e7 7as adjusted under subsection 7f77  
for the taxable year4  7#c7             

,coordination with capital gains rates  
,for purposes of applying subsection    
7h7-- 7,a7 the maximum zero rate amount 
shall not be more than the sum of--  7i7
 the earned taxable income of such      
child1 plus  7ii7 the amount in effect  
under subsection 7h77#ab77;,a77iv7 for  
the taxable year1 and  7,b7 the maximum 
#ae-percent rate amount shall not be    
more than the sum of-- 7i7 the earned   
taxable income of such child1 plus  7ii7
 the amount in effect under subsection  
7h77#ab77;,b77iv7 for the taxable year4 
7#d7 ,earned taxable income ,for        
purposes of this subsection1 the term   
earned taxable income means1 with       
respect to any child for any taxable    
year1 the taxable income of such child  
reduced 7but not below zero7 by the net 
unearned income of such child4  1 and   
7#e7 by striking paragraph              
7#d77;,a77ii77,i7 each place it appears 
in subparagraphs 7,a77ii71 7,b77i71 and 
7,b77ii77,,ii7 of paragraph 7#h7 7as so 
redesignated7 and inserting paragraph   

7#e77;,a77ii77,i74  7h7 ,capital gains  
brackets ,subsection 7h7 of section #a  
of the ,internal ,revenue ,code of #aihf
 is amended-- 7#a7 by striking which    
would 7without regard to this paragraph7
 be taxed at a rate below #be percent in
 paragraph 7#a77;,b77i7 and inserting   
below the maximum zero rate amount1     
7#b7 by striking which would 7without   
regard to this paragraph7 be taxed at a 
rate below #ci4f percent in paragraph   
7#a77;,c77ii77,i7 and inserting below   
the maximum #ae-percent rate amount1 and
  7#c7 by adding at the end the         
following new paragraph3  7#ab7 ,maximum
 amounts defined ,for purposes of this  
subsection-- 7,a7 ,maximum zero rate    
amount ,the maximum zero rate amount    
shall be--  7i7 in the case of a joint  
return or surviving spouse1 #gg1bjj1    
7ii7 in the case of an individual who is
 a head of household 7as defined in     
section #b7;b771 #ea1gjj1  7iii7 in the 
case of any other individual 7other than
 an estate or trust71 an amount equal to

  of the amount in effect for the       
taxable year under clause 7i71 and  7iv7
 in the case of an estate or trust1     
#b1fjj4  7,b7 ,maximum #ae-percent rate 
amount ,the maximum #ae-percent rate    
amount shall be-- 7i7 in the case of a  
joint return or surviving spouse1       
#dgi1jjj 7 such amount in the case of a 
married individual filing a separate    
return71  7ii7 in the case of an        
individual who is the head of a         
household 7as defined in section        
#b7;b771 #deb1djj1  7iii7 in the case of
 any other individual 7other than an    
estate or trust71 #dbe1hjj1 and  7iv7 in
 the case of an estate or trust1        
#ab1gjj4  7,c7 ,inflation adjustment ,in
 the case of any taxable year beginning 
after #bjah1 each of the dollar amounts 
in subparagraphs 7,a7 and 7,b7 shall be 
increased by an amount equal to--  7i7  
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under subsection 7f77#c7 for the       
calendar year in which the taxable year 

begins1 determined by substituting      
calendar year #bjag for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
,if any increase under this subparagraph
 is not a multiple of #ej1 such increase
 shall be rounded to the next lowest    
multiple of #ej4  4  7i7 ,conforming    
amendments  7#a7 ,section #a of the     
,internal ,revenue ,code of #aihf is    
amended by striking subsections 7i7 and 
7j74  7#b7 ,section #cdjb7q77#a7 of such
 ,code is amended by striking third     
lowest and inserting fourth lowest4  7j7
 ,section #ae not ,to apply ,section #ae
 of the ,internal ,revenue ,code of     
#aihf shall not apply to any change in a
 rate of tax by reason of this section4 
7k7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjah4  #b4 ,permanent extension of     
deduction for qualified business income 
of pass-thru entities  7a7 ,in general  
,section #aii;,a of the ,internal       
,revenue ,code of #aihf is amended by   

striking subsection 7i74  7b7 ,effective
 date ,the amendment made by this       
section shall apply to taxable years    
beginning after ,december #ca1 #bjag4   
#c4 ,permanent extension of limitation  
on losses for taxpayers other than      
corporations  7a7 ,in general ,paragraph
 7#a7 of section #dfa7l7 of the         
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7#a7       
,limitation ,in the case of taxable year
 of a taxpayer other than a corporation1
 any excess business loss of the        
taxpayer for the taxable year shall not 
be allowed4  4  7b7 ,conforming         
amendment ,section #dfa of the ,internal
 ,revenue ,code of #aihf is amended by  
striking subsection 7j7 7relating to    
limitation on excess farm losses of     
certain taxpayers74  7c7 ,effective date
 ,the amendments made by this section   
shall apply to taxable years beginning  
after ,december #ca1 #bjag4  #d4        
,permanent extension of increase in     
standard deduction  7a7 ,in general     

,section #fc7;c77#b7 of the ,internal   
,revenue ,code of #aihf is amended--    
7#a7 by striking #d1djj in subparagraph 
7,b7 and inserting #ah1hjj1 and  7#b7 by
 striking #c1jjj in subparagraph 7,c7   
and inserting #ab1jjj4  7b7 ,inflation  
adjustment ,paragraph 7#d7 of section   
#fc7;c7 of the ,internal ,revenue ,code 
of #aihf is amended to read as follows3 
7#d7 ,adjustments for inflation  7,a7   
,in general ,in the case of any taxable 
year beginning in a calendar year after 
#bjah1 the #ah1jjj and #ab1jjj amounts  
in subparagraph 7,a7 shall each be      
increased by an amount equal to--  7i7  
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 by substituting #bjag for #bjaf 
in subparagraph 7,a77ii7 thereof4  7,b7 
,certain amounts ,in the case of any    
taxable year beginning in a calendar    
year after #aihh1 each dollar amount    
contained in paragraph 7#e7 or          

subsection 7f7 shall be increased by an 
amount equal to--  7i7 such dollar      
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 by substituting for calendar    
year #bjaf in subparagraph 7,a77ii7     
thereof--  7,i7 calendar year #aihg in  
the case of the dollar amounts contained
 in paragraph 7#e77;,a7 or subsection   
7f71 and  7,,ii7 calendar year #aiig in 
the case of the dollar amount contained 
in paragraph 7#e77;,b74  4  7c7         
,conforming amendment ,section #fc7;c7  
of the ,internal ,revenue ,code of #aihf
 is amended by striking paragraph 7#g74 
7d7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjag4  #e4 ,permanent increase and     
modification of child tax credit  7a7   
,increase in credit amount ,section     
#bd7;a7 of the ,internal ,revenue ,code 
of #aihf is amended by striking #a1jjj  

and inserting #b1jjj4  7b7 ,limitation  
,paragraph 7#b7 of section #bd7;b7 of   
the ,internal ,revenue ,code of #aihf is
 amended to read as follows3  7#b7      
,threshold amount ,for purposes of      
paragraph 7#a71 the term threshold      
amount means-- 7,a7 #djj1jjj in the case
 of a joint return1 and  7,b7 #bjj1jjj  
in any other case4  4  7c7 ,partial     
credit allowed for certain other        
dependents ,subsection 7h7 of section   
#bd of the ,internal ,revenue ,code of  
#aihf is amended to read as follows3    
7h7 ,partial credit allowed for certain 
other dependents  7#a7 ,in general ,the 
credit determined under subsection 7a7  
shall be increased by #ejj for each     
dependent of the taxpayer 7as defined in
 section #ggjf7 other than a qualifying 
child described in subsection 7c74  7#b7
 ,exception for certain noncitizens     
,paragraph 7#a7 shall not apply with    
respect to any individual who would not 
be a dependent if subparagraph 7,a7 of  
section #ggjf7;b77#c7 were applied      

without regard to all that follows      
resident of the ,united ,states4  7#c7  
,certain qualifying children ,in the    
case of any qualifying child with       
respect to whom a credit is not allowed 
under this section by reason of         
subsection 7e77#a71 such child shall be 
treated as a dependent to whom          
subparagraph 7,a7 applies4  4  7d7      
,maximum amount of refundable credit    
,subsection 7d7 of section #bd of the   
,internal ,revenue ,code of #aihf is    
amended by inserting after paragraph    
7#b7 the following new paragraph3  7#c7 
,limitation  7,a7 ,in general ,the      
amount determined under paragraph       
7#a77;,a7 with respect to any qualifying
 child shall not exceed #a1djj1 and such
 paragraph shall be applied without     
regard to subsection 7h74  7,b7         
,adjustment for inflation ,in the case  
of a taxable year beginning after #bjah1
 the #a1djj amount in subparagraph 7,a7 
shall be increased by an amount equal   
to--  7i7 such dollar amount1 multiplied

 by  7ii7 the cost-of-living adjustment 
determined under section #a7;f77#c7 for 
the calendar year in which the taxable  
year begins1 determined by substituting 
#bjag for #bjaf in subparagraph 7,a77ii7
 thereof4  ,if any increase under this  
clause is not a multiple of #ajj1 such  
increase shall be rounded to the next   
lowest multiple of #ajj4  4  7e7 ,earned
 income threshold for refundable credit 
,section #bd7;d77#a77;,b7 of the        
,internal ,revenue ,code of #aihf is    
amended by striking #c1jjj and inserting
 #b1ejj4  7f7 ,social ,security number  
required ,paragraph 7#a7 of section     
#bd7;e7 of the ,internal ,revenue ,code 
of #aihf is amended to read as follows3 
7#a7 ,qualifying child ,social security 
number requirement ,no credit shall be  
allowed under this section to a taxpayer
 with respect to any qualifying child   
unless the taxpayer includes the name   
and social security number of such child
 on the return of tax for the taxable   
year4 ,for purposes of the preceding    

sentence1 the term social security      
number means a social security number   
issued to an individual by the ,social  
,security ,administration1 but only if  
the social security number is issued--  
7,a7 to a citizen of the ,united ,states
 or pursuant to subclause 7,i7 7or that 
portion of subclause 7,,iii7 that       
relates to subclause 7,i77 of section   
#bje7;c77#b77;,b77i7 of the ,social     
,security ,act1 and  7,b7 before the due
 date for such return4  4  7g7          
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjag4  #f4 ,permanent extension of     
increased limitation for certain        
charitable contributions  7a7 ,in       
general ,section #agj7;b77#a77;,g7 of   
the ,internal ,revenue ,code of #aihf is
 amended-- 7#a7 by striking for any     
taxable year beginning after ,december  
#ca1 #bjag1 and before ,january #a1     
#bjbf1 in clause 7i71  7#b7 by striking 
for any taxable year described in such  

clause in clause 7ii71 and  7#c7 by     
striking ,for each taxable year         
described in clause 7i71 and each       
taxable year to which any contribution  
under this subparagraph is carried over 
under clause 7ii71 subparagraph 7,a7 in 
clause 7iii7 and inserting ,subparagraph
 7,a74  7b7 ,effective date ,the        
amendments made by this section shall   
apply to contributions in taxable years 
beginning after ,december #ca1 #bjbe4   
#g4 ,permanent extension of increased   
contributions to ,,able accounts  7a7   
,in general ,section                    
#ebi;,a7b77#b77;,b77ii7 of the ,internal
 ,revenue ,code of #aihf is amended by  
striking before ,january #a1 #bjbf4  7b7
 ,allowance of savers credit ,section   
#be;,b7d77#a77;,d7 of the ,internal     
,revenue ,code of #aihf is amended by   
striking before ,january #a1 #bjbf14    
7c7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after the date of the   
enactment of this ,act4  #h4 ,permanent 

extension of rollovers to ,,able        
programs from #ebi programs  7a7 ,in    
general ,section                        
#ebi7;c77#c77;,c77i77,,iii7 is amended  
by striking before ,january #a1 #bjbf14 
7b7 ,effective date ,the amendments made
 by this section shall apply to         
distributions made after the date of the
 enactment of this ,act4  #i4 ,permanent
 extension of treatment of certain      
individuals performing services in the  
,sinai ,peninsula of ,egypt  7a7 ,in    
general ,subsection 7c7 of section      
#aajbf of ,public ,law #aae-ig is       
amended-- 7#a7 by striking beginning    
before ,january #a1 #bjbf in paragraph  
7#a77;,b71 and  7#b7 by striking        
beginning before ,january #a1 #bjbf in  
paragraph 7#b77;,b74  7b7 ,effective    
date ,the amendments made by this       
section shall take effect on the date of
 the enactment of this ,act4  #aj4      
,permanent extension of reduction in    
medical expense deduction floor  7a7    
,reduction  7#a7 ,in general ,section   

#bac7;a7 of the ,internal ,revenue ,code
 of #aihf is amended by striking #aj    
percent and inserting #g4e percent4     
7#b7 ,conforming amendment ,section #bac
 of the ,internal ,revenue ,code of     
#aihf is amended by striking subsection 
7f74  7b7 ,repeal of minimum tax        
preference ,section #ef7;b77#a7 of the  
,internal ,revenue ,code of #aihf is    
amended by striking subparagraph 7,b74  
7c7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjaf4  #aa4 ,permanent extension of    
treatment of student loans discharged on
 account of death or disability  7a7 ,in
 general ,subparagraph 7,a7 of section  
#ajh7;f77#e7 of the ,internal ,revenue  
,code of #aihf is amended by striking   
and before ,january #a1 #bjbf14  7b7    
,effective date ,the amendment made by  
this section shall apply to discharges  
of indebtedness after ,december #ca1    
#bjag4  #ab4 ,repeal of deduction for   
personal exemptions  7a7 ,in general    

,part ,v of subchapter ,b of chapter #a 
of the ,internal ,revenue ,code of #aihf
 is hereby repealed4  7b7 ,definition of
 dependent retained ,section #aeb of the
 ,internal ,revenue ,code of #aihf1     
prior to repeal by subsection 7a71 is   
hereby redesignated as section #ggjf of 
such ,code and moved to the end of      
chapter #gi of such ,code4  7c7         
,application to estates and trusts      
,subparagraph 7,c7 of section           
#fdb7;b77#b7 of the ,internal ,revenue  
,code of #aihf is amended-- 7#a7 by     
striking the exemption amount under     
section #aea7;d7 in clause 7i7 and      
inserting #d1aej1 and  7#b7 by striking 
clause 7iii7 and inserting the          
following3  7iii7 ,inflation adjustment 
,in the case of any taxable year        
beginning in a calendar year after      
#bjah1 the #d1aej amount in clause 7i7  
shall be increased by an amount equal   
to--  7,i7 such dollar amount1          
multiplied by  7,,ii7 the cost-of-living
 adjustment determined under section    

#a7;f77#c7 for the calendar year in     
which the taxable begins1 determined by 
substituting #bjag for #bjaf in         
subparagraph 7,a77ii7 thereof4  ,if any 
increase determined under the preceding 
sentence is not a multiple of #ajj1 such
 increase shall be rounded to the next  
lowest multiple of #ajj4  4  7d7        
,application to nonresident aliens      
,section #hgc7;b7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking paragraph 7#c74  7e7           
,modification of return requirement     
7#a7 ,in general ,section #fjab of the  
,internal ,revenue ,code of #aihf is    
amended--  7,a7 by striking paragraph   
7#a7 of subsection 7a7 and inserting the
 following3  7#a7 ,every individual who 
has gross income for the taxable year1  
except that a return shall not be       
required of--  7,a7 an individual who is
 not married 7determined by applying    
section #ggjc7 and who has gross income 
for the taxable year which does not     
exceed the standard deduction applicable

 to such individual for such taxable    
year under section #fc1 or  7,b7 an     
individual entitled to make a joint     
return if-- 7i7 the gross income of such
 individual1 when combined with the     
gross income of such individual's       
spouse1 for the taxable year does not   
exceed the standard deduction which     
would be applicable to the taxpayer for 
such taxable year under section #fc if  
such individual and such individual's   
spouse made a joint return1  7ii7 such  
individual and such individual's spouse 
have the same household as their home at
 the close of the taxable year1  7iii7  
such individual's spouse does not make a
 separate return1 and  7iv7 neither such
 individual nor such individual's spouse
 is an individual described in section  
#fc7;c77#b7 who has income 7other than  
earned income7 in excess of the amount  
in effect under section                 
#fc7;c77#b77;,a74  1 and  7,b7 by       
striking subsection 7f74  7#b7          
,bankruptcy estates ,paragraph 7#h7 of  

section #fjab7;a7 of such ,code is      
amended by striking the sum of the      
exemption amount plus the basic standard
 deduction under section                
#fc7;c77#b77;,d7 and inserting the      
standard deduction in effect under      
section #fc7;c77#a77;,b74  7f7          
,conforming amendments  7#a7 ,section   
#b7;a77#a77;,b7 of the ,internal        
,revenue ,code of #aihf is amended by   
striking a dependent and all that       
follows through section #aea and        
inserting a dependent who 7within the   
meaning of section #ggjf1 determined    
without regard to subsections 7b77#a71  
7b77#b71 and 7d77#a77;,b7 thereof7 is a 
son1 stepson1 daughter1 or stepdaughter 
of the taxpayer4  7#b7 ,section         
#cf;,b7b77#b77;,a7 of such ,code is     
amended by striking section #aeb and    
inserting section #ggjf4  7#c7 ,section 
#cf;,b7b77#c77;,b7 of such ,code is     
amended by striking unless a deduction  
is allowed under section #aea for the   
taxable year with respect to a dependent

 in the flush matter at the end and     
inserting unless the taxpayer has a     
dependent for the taxable year4  7#d7   
,section #cf;,b7c77#a77;,d7 of such     
,code is amended by striking with       
respect to whom a deduction under       
section #aea is allowable to another    
taxpayer and inserting who is a         
dependent of another taxpayer4  7#e7    
,section #cf;,b7d77#a7 of such ,code is 
amended by striking equal to the number 
of individuals for whom the taxpayer is 
allowed a deduction under section #aea  
7relating to allowance of deduction for 
personal exemptions7 for the taxable    
year and inserting the sum of #a 7#b in 
the case of a joint return7 plus the    
number of the taxpayer's dependents for 
the taxable year4  7#f7 ,section        
#cf;,b7e77#a7 of such ,code is amended  
by striking #a or more individuals for  
whom a taxpayer is allowed a deduction  
under section #aea 7relating to         
allowance of deduction for personal     
exemptions7 for the taxable year        

7including the taxpayer or his spouse7  
and inserting #a or more of the         
taxpayer1 the taxpayer's spouse1 or any 
dependent of the taxpayer4  7#g7        
,section #db7;i77#c77;,d77ii77,i7 of    
such ,code is amended-- 7,a7 by striking
 section #aeb and inserting section     
#ggjf1 and  7,b7 by striking the period 
at the end and inserting a comma4  7#h7 
,section #fc7;b7 of such ,code is       
amended by striking minus-- and all that
 follows and inserting minus the        
standard deduction44  7#i7 ,section     
#fc7;d7 of such ,code is amended by     
striking other than-- and all that      
follows and inserting other than the    
deductions allowable in arriving at     
adjusted gross income44  7#aj7 ,section 
#gb7t77#b77;,d77i77,,iii7 of such ,code 
is amended by striking section #aeb and 
inserting section #ggjf4  7#aa7 ,section
 #gb7t77#g77;,a77iii7 of such ,code is  
amended by striking section #aeb7;f77#a7
 and inserting section #ggjf7;f77#a74   
7#ab7 ,section #aje7;b7 of such ,code is

 amended--  7,a7 by striking as defined 
in section #aeb and inserting as defined
 in section #ggjf1  7,b7 by striking    
section #aeb7;f77#a7 and inserting      
section #ggjf7;f77#a71 and  7,c7 by     
striking section #aeb7;e7 and inserting 
section #ggjf7;e74  7#ac7 ,section      
#aje7;c77#a7 of such ,code is amended by
 striking section #aeb and inserting    
section #ggjf4  7#ad7 ,section          
#abe7;e77#a77;,d7 of such ,code is      
amended by striking section #aeb and    
inserting section #ggjf4  7#ae7 ,section
 #abi7;c7 of such ,code is amended--    
7,a7 by striking with respect to whom1  
for such taxable year1 a deduction is   
allowable under section #aea7;c7        
7relating to personal exemptions for    
dependents7 to in paragraph 7#a7 and    
inserting who is a dependent of1 and    
7,b7 by striking section #aeb7;f77#a7 in
 paragraph 7#b7 and inserting section   
#ggjf7;f77#a74  7#af7 ,section          
#acb7;h77#b77;,b7 of such ,code is      
amended--  7,a7 by striking section     

#aeb7;f77#a7 and inserting section      
#ggjf7;f77#a71 and  7,b7 by striking    
section #aeb7;e7 and inserting section  
#ggjf7;e74  7#ag7 ,section              
#aci;,d7c77#e7 of such ,code is amended 
by striking section #aeb and inserting  
section #ggjf4  7#ah7 ,section          
#afb7l77#a77;,d7 of such ,code is       
amended by striking section #aeb7;f77#a7
 and inserting section #ggjf7;f77#a74   
7#ai7 ,section #agj7;g77#a7 of such     
,code is amended by striking section    
#aeb and inserting section #ggjf4  7#bj7
 ,section #agj7;g77#c7 of such ,code is 
amended by striking section #aeb7;d77#b7
 and inserting section #ggjf7;d77#b74   
7#ba7 ,section #agb7;d7 of such ,code is
 amended by striking paragraph 7#c74    
7#bb7 ,section #bbj7;b77#f7 of such     
,code is amended by striking with       
respect to whom a deduction under       
section #aea is allowable to and        
inserting who is a dependent of4  7#bc7 
,section #bbj7;d77#b77;,a7 of such ,code
 is amended by striking section #aeb and

 inserting section #ggjf4  7#bd7        
,section #bbc7;b77#f7 of such ,code is  
amended by striking with respect to whom
 a deduction under section #aea is      
allowable to and inserting who is a     
dependent of4  7#be7 ,section           
#bbc7;d77#b77;,a7 of such ,code is      
amended by striking section #aeb and    
inserting section #ggjf4  7#bf7 ,section
 #dja7;h7 of such ,code is amended by   
striking section #aeb7;f77#a7 in the    
last sentence and inserting section     
#ggjf7;f77#a74  7#bg7 ,section          
#djb7l77#d77;,d7 of such ,code is       
amended by striking section #aeb and    
inserting section #ggjf4  7#bh7 ,section
 #dji;,a7a77#b77;,b77ii77,i7 of such    
,code is amended by striking section    
#aeb7;a7 and inserting section          
#ggjf7;a74  7#bi7 ,section #eja7;c77#i7 
of such ,code is amended by striking    
section #aeb7;f77#a7 and inserting      
section #ggjf7;f77#a74  7#cj7 ,section  
#ebi7;e77#b77;,b7 of such ,code is      
amended by striking section #aeb7;d77#b7

 and inserting section #ggjf7;d77#b74   
7#ca7 ,section #gjc7;a77#b7 of such     
,code is amended by striking            
subparagraph 7,a7 and by redesignating  
subparagraphs 7,b7 through 7,f7 as      
subparagraphs 7,a7 through 7,e71        
respectively4  7#cb7 ,section #hgd of   
such ,code is amended by striking       
subsection 7b7 and by redesignating     
subsection 7c7 as subsection 7b74  7#cc7
 ,section #hia of such ,code is amended 
by striking under section #aea and4     
7#cd7 ,section #ijd7;b7 of such ,code is
 amended by striking paragraph 7#a74    
7#ce7 ,section #ica7;b77#a7 of such     
,code is amended by striking 7other than
 the deduction under section #aea1      
relating to personal exemptions74  7#cf7
 ,section #icc of such ,code is         
amended--  7,a7 by striking 7other than 
the deduction under section #aea1       
relating to personal exemptions7 in     
paragraph 7#a71 and  7,b7 by striking   
7other than the deduction for personal  
exemptions under section #aea7 in       

paragraph 7#b74  7#cg7 ,section         
#abab7;b77#b77;,b77ii7 of such ,code is 
amended to read as follows3  7ii7 in the
 case of an estate or trust1 the        
deduction allowed for such year under   
section #fdb7;b74  4  7#ch7 ,section    
#acfa7;c77#a77;,c7 of such ,code is     
amended by striking section             
#aeb7;f77#a77;,c7 and inserting section 
#ggjf7;f77#a77;,c74  7#ci7 ,section     
#adjb7;a7 of such ,code is amended by   
striking paragraph 7#g74  7#dj7 ,section
 #bjcb;,a7c77#g77;,d7 of such ,code is  
amended by striking section #aeb7;f77#b7
 and inserting section #ggjf7;f77#b74   
7#da7 ,section #cdjb7m77#a7 of such     
,code is amended by striking other than 
the deductions referred to in section   
#aea and4  7#db7 ,section #cdjb7r77#b7  
of such ,code is amended by striking the
 sum of-- and all that follows and      
inserting the standard deduction in     
effect under section #fc7;c77#a77;,b744 
7#dc7 ,section #ejjj;,a7b77#c77;,a7 of  
such ,code is amended by striking       

section #aeb and inserting section      
#ggjf4  7#dd7 ,section                  
#ejjj;,a7c77#d77;,a7 of such ,code is   
amended by striking the number of       
individuals for whom the taxpayer is    
allowed a deduction under section #aea  
7relating to allowance of deduction for 
personal exemptions7 for the taxable    
year and inserting the sum of #a 7#b in 
the case of a joint return7 plus the    
number of the taxpayer's dependents for 
the taxable year4  7#de7 ,section       
#fjac7;b77#c77;,a7 of such ,code is     
amended-- 7,a7 by striking had less than
 the exemption amount of gross income in
 clause 7ii7 and inserting had no gross 
income1  7,b7 by striking had gross     
income of the exemption amount or more  
in clause 7iii7 and inserting had any   
gross income1 and  7,c7 by striking the 
flush language following clause 7iii74  
7#df7 ,section #fajc7l77#ba77;,a77iii7  
of such ,code is amended to read as     
follows3  7iii7 the number of the       
taxpayer's dependents1  4  7#dg7        

,section #fbac7;g77#b7 of such ,code is 
amended by striking subparagraph 7,h74  
7#dh7 ,section #fccd7;d77#b7 of such    
,code is amended to read as follows3    
7#b7 ,exempt amount  7,a7 ,in general   
,for purposes of paragraph 7#a71 the    
term exempt amount means an amount equal
 to-- 7i7 the sum of the amount         
determined under subparagraph 7,b7 and  
the standard deduction1 divided by  7ii7
 #eb4  7,b7 ,amount determined ,for     
purposes of subparagraph 7,a71 the      
amount determined under this            
subparagraph is #d1aej multiplied by the
 number of the taxpayer's dependents for
 the taxable year in which the levy     
occurs4  7,c7 ,inflation adjustment ,in 
the case of any taxable year beginning  
after #bjah1 the #d1aej amount in       
subparagraph 7,b7 shall be increased by 
an amount equal to--  7i7 such dollar   
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 

begins1 by substituting calendar year   
#bjag for calendar year #bjaf in        
subparagraph 7,a7 thereof4  ,if any     
increase determined under the preceding 
sentence is not a multiple of #ajj1 such
 increase shall be rounded to the next  
lowest multiple of #ajj4  7,d7 ,verified
 statement ,unless the taxpayer submits 
to the ,secretary a written and properly
 verified statement specifying the facts
 necessary to determine the proper      
amount under subparagraph 7,a71         
subparagraph 7,a7 shall be applied as if
 the taxpayer were a married individual 
filing a separate return with no        
dependents4  4  7#di7 ,section          
#ggjb;,b7f77#b77;,c77iii7 of such ,code 
is amended by striking section          
#aeb7;d77#b7 and inserting section      
#ggjf7;d77#b74  7#ej7 ,section #ggjc7;a7
 of such ,code is amended by striking   
part ,v of subchapter ,b of chapter #a  
and4  7#ea7 ,section #ggjc7;b77#a7 of   
such ,code is amended by striking       
section #aeb7;f77#a7 and all that       

follows and inserting section           
#ggjf7;f77#a714  7#eb7 ,section         
#ggjf7;a7 of such ,code1 as redesignated
 by this section1 is amended by striking
 this subtitle and inserting subtitle   
,a4  7#ec7 7,a7 ,section                
#ggjf7;d77#a77;,b7 of such ,code1 as    
redesignated by this section1 is amended
 by striking the exemption amount 7as   
defined in section #aea7;d77 and        
inserting #d1aej4  7,b7 ,section        
#ggjf7;d7 of such ,code1 as redesignated
 by this section1 is amended by adding  
at the end the following new paragraph3 
7#f7 ,inflation adjustment ,in the case 
of any calendar year beginning after    
#bjah1 the #d1aej amount in paragraph   
7#a77;,b7 shall be increased by an      
amount equal to--  7,a7 such dollar     
amount1 multiplied by  7,b7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for such       
calendar year1 determined by            
substituting calendar year #bjag for    
calendar year #bjaf in subparagraph     

7,a77ii7 thereof4  ,if any increase     
determined under the preceding sentence 
is not a multiple of #ajj1 such increase
 shall be rounded to the next lowest    
multiple of #ajj4  4  7#ed7 ,the table  
of sections for chapter #gi of such     
,code is amended by adding at the end   
the following new item3  ,sec4 #ggjf4   
,dependent defined4  4  7g7 ,effective  
date ,the amendments made by this       
section shall apply to taxable years    
beginning after ,december #ca1 #bjag4   
#ac4 ,permanent extension of limitation 
on deduction for ,state and local1 etc41
 taxes  7a7 ,in general ,paragraph 7#f7 
of section #afd7;b7 of the ,internal    
,revenue ,code of #aihf is amended--    
7#a7 by striking 1 and before ,january  
#a1 #bjbf1 and  7#b7 by striking #bjah  
through #bjbe in the heading and        
inserting after #bjag4  7b7 ,effective  
date ,the amendments made by this       
section shall apply to taxable years    
beginning after ,december #ca1 #bjaf4   
#ad4 ,permanent extension of limitation 

on deduction for qualified residence    
interest  7a7 ,repeal of home equity    
indebtedness  7#a7 ,in general ,section 
#afc7;h77#c77;,a7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking during the taxable year on and 
all that follows through ,for purposes  
of and inserting during the taxable year
 on acquisition indebtedness with       
respect to any qualified principal      
residence of the taxpayer4 ,for purposes
 of4  7#b7 ,conforming amendment        
,section #afc7;h77#c7 of such ,code is  
amended by striking subparagraph 7,c74  
7b7 ,limitation on acquisition          
indebtedness  7#a7 ,in general ,section 
#afc7;h77#c77;,b77ii7 of the ,internal  
,revenue ,code of #aihf is amended by   
striking #a1jjj1jjj 7#ejj1jjj and       
inserting #gej1jjj 7#cge1jjj4  7#b7     
,treatment of indebtedness incurred on  
or before ,december #ca1 #bjag2         
refinancings ,section #afc7;h77#c7 of   
the ,internal ,revenue ,code of #aihf1  
as amended by subsection 7a77#b71 is    

amended by inserting after subparagraph 
7,b7 the following new subparagraph3    
7,c7 ,treatment of indebtedness incurred
 on or before ,december #ae1 #bjag2     
refinancings  7i7 ,in general ,in the   
case of any indebtedness incurred on or 
before ,december #ae1 #bjag1            
subparagraph 7,b77ii7 shall apply as in 
effect immediately before the enactment 
of the ,public ,law #aae-ig1 and1 in    
applying such subparagraph to any       
indebtedness incurred after such date1  
the limitation under such subparagraph  
shall be reduced 7but not below zero7 by
 the amount of any indebtedness incurred
 on or before ,december #ae1 #bjag1     
which is treated as acquisition         
indebtedness for purposes of this       
subsection for the taxable year4  7ii7  
,binding contract exception ,in the case
 of a taxpayer who enters into a written
 binding contract before ,december #ae1 
#bjag1 to close on the purchase of a    
principal residence before ,january #a1 
#bjah1 and who purchases such residence 

before ,april #a1 #bjah1 subclause      
7,,iii7 shall be applied by substituting
 ,april #a1 #bjah for ,december #ae1    
#bjag4  7iii7 ,treatment of refinancings
 of indebtedness  7,i7 ,in general ,in  
the case of any indebtedness which is   
incurred to refinance indebtedness1 such
 refinanced indebtedness shall be       
treated for purposes of clause 7i7 as   
incurred on the date that the original  
indebtedness was incurred to the extent 
the amount of the indebtedness resulting
 from such refinancing does not exceed  
the amount of the refinanced            
indebtedness4  7,,ii7 ,limitation on    
period of refinancing ,subclause 7,i7   
shall not apply to any indebtedness     
after the expiration of the term of the 
original indebtedness or1 if the        
principal of such original indebtedness 
is not amortized over its term1 the     
expiration of the term of the #ast      
refinancing of such indebtedness 7or if 
earlier1 the date which is #cj years    
after the date of such #ast             

refinancing74  4  7c7 ,coordination with
 exclusion of income from discharge of  
indebtedness ,section #ajh7;h77#b7 of   
the ,internal ,revenue ,code of #aihf is
 amended by striking #a1jjj1jjj         
7#ejj1jjj and inserting #gej1jjj        
7#cge1jjj4  7d7 ,conforming amendments  
,section #afc7;h77#c7 of the ,internal  
,revenue ,code of #aihf is amended--    
7#a7 in the heading of subparagraph     
7,d77ii71 by striking #a1jjj1jjj1 and   
7#b7 by striking subparagraph 7,f74  7e7
 ,effective date ,the amendments made by
 this section shall apply to taxable    
years beginning after ,december #ca1    
#bjag4  #ae4 ,permanent extension of    
modifications to deduction for personal 
casualty losses  7a7 ,in general        
,paragraph 7#e7 of section #afe7;h7 of  
the ,internal ,revenue ,code of #aihf is
 amended--  7#a7 by striking 1 and      
before ,january #a1 #bjbf in            
subparagraph 7,a71 and  7#b7 by striking
 #bjah through #bjbe in the heading and 
inserting after #bjag4  7b7 ,effective  

date ,the amendments made by this       
section shall apply to losses incurred  
in taxable years beginning after        
,december #ca1 #bjag4  #af4 ,repeal of  
miscellaneous itemized deductions  7a7  
,in general ,section #fg of the         
,internal ,revenue ,code of #aihf is    
amended-- 7#a7 by striking subsection   
7a7 and inserting the following3  7a7   
,general rule ,no miscellaneous itemized
 deduction shall be allowed for any     
taxable year beginning after ,december  
#ca1 #bjag4  1  7#b7 by striking        
subsection 7g71 and  7#c7 by striking   
#b-percent floor on in the heading and  
inserting ,treatment of4  7b7           
,conforming amendment ,the table of     
sections for part ,i of subchapter ,b of
 chapter #a of the ,internal ,revenue   
,code of #aihf is amended by striking   
#b-percent floor on in the item relating
 to section #fg and inserting ,treatment
 of4  7c7 ,effective date ,the          
amendments made by this section shall   
apply to taxable years beginning after  

,december #ca1 #bjag4  #ag4 ,repeal of  
overall limitation on itemized          
deductions  7a7 ,in general ,part #a of 
subchapter ,b of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by striking section #fh 7and the
 item relating to such section in the   
table of sections for such part74  7b7  
,conforming amendments  7#a7 ,section   
#a7;f77#g7 of the ,internal ,revenue    
,code of #aihf is amended by striking   
section #fh7;b77#b714  7#b7 ,section    
#ef7;b77#a7 of such ,code is amended by 
striking subparagraph 7,f74  7#c7       
,section #afd7;b77#e77;,h77ii77,,iii7 of
 such ,code is amended by inserting 7as 
in effect before the date of the        
enactment of the ,tax ,cuts and ,jobs   
,act7 after #fh7;b74  7#d7 ,section     
#fdb7;b77#b77;,c77i77,i7 of such ,code  
is amended by striking as an individual 
described in section #fh7;b77#a77;,c7   
and inserting as an individual who is   
not married and who is not a surviving  
spouse or head of household4  7#e7      

,section #ggc7;a77#c77;,b7 of such ,code
 is amended by striking clause 7i7 and  
redesignating clauses 7ii7 through 7iv7 
as clauses 7i7 through 7iii71           
respectively4  7c7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjag4  #ah4 ,repeal of  
exclusion for qualified bicycle         
commuting reimbursement  7a7 ,in general
 ,section #acb7;f77#a7 of the ,internal 
,revenue ,code of #aihf is amended by   
striking subparagraph 7,d74  7b7        
,conforming amendments  7#a7 ,section   
#acb7;f77#b7 of the ,internal ,revenue  
,code of #aihf is amended by inserting  
and at the end of subparagraph 7,a71 by 
striking 1 and at the end of            
subparagraph 7,b7 and inserting a       
period1 and by striking subparagraph    
7,c74  7#b7 ,section #acb7;f77#d7 of    
such ,code is amended by striking 7other
 than a qualified bicycle commuting     
reimbursement74  7#c7 ,section          
#acb7;f77#e7 of such ,code is amended by

 striking subparagraph 7,f74  7c7       
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjag4  #ai4 ,permanent extension of    
modification of exclusion for qualified 
moving expense reimbursement  7a7 ,in   
general ,section #acb7;g7 of the        
,internal ,revenue ,code of #aihf is    
amended-- 7#a7 in paragraph 7#a71 by    
striking individual and inserting       
qualified military member1 and  7#b7 by 
striking paragraph 7#b7 and inserting   
the following3  7#b7 ,qualified military
 member ,for purposes of paragraph 7#a71
 the term qualified military member     
means a member of the ,armed ,forces of 
the ,united ,states on active duty who  
moves pursuant to a military order and  
incident to a permanent change of       
station4  4  7b7 ,effective date ,the   
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjag4  #bj4 ,repeal of  
deduction for moving expenses  7a7 ,in  

general ,subsection 7a7 of section #bag 
of the ,internal ,revenue ,code of #aihf
 is amended to read as follows3  7a7    
,deduction allowed ,there shall be      
allowed as a deduction moving expenses  
paid or incurred during the taxable year
 in connection with the commencement of 
work by a member of the ,armed ,forces  
of the ,united ,states on active duty   
who moves pursuant to a military order  
and incident to a permanent change of   
station4  4  7b7 ,conforming amendments 
7#a7 ,section #bag of the ,internal     
,revenue ,code of #aihf is amended--    
7,a7 by striking subsections 7c71 7d71  
7f71 and 7i71  7,b7 by redesignating    
subsections 7g71 7h71 and 7j7 as        
subsections 7c71 7d71 and 7e71          
respectively1 and  7,c7 in subsection   
7c71 as so redesignated--  7i7 by       
striking paragraph 7#a7 and             
redesignating paragraphs 7#b7 and 7#c7  
as paragraphs 7#a7 and 7#b71            
respectively1 and  7ii7 in paragraph    
7#b7 7as so redesignated71 by striking  

moving expenses of his spouse and       
dependents and all that follows and     
inserting moving expenses of his spouse 
and dependents as if his spouse         
commenced work as an employee at a new  
principal place of work at such         
location44  7#b7 ,section #bc of such   
,code is amended by striking            
#bag7;h77#c7 each place it appears in   
subsections 7d77#c7 and 7e7 and         
inserting #bag7;d77#c74  7c7 ,effective 
date ,the amendments made by this       
section shall apply to taxable years    
beginning after ,december #ca1 #bjag4   
#ba4 ,permanent extension of limitation 
on wagering losses  7a7 ,in general ,the
 second sentence of section #afd7;d7 of 
the ,internal ,revenue ,code of #aihf is
 amended by striking in the case of     
taxable years beginning after ,december 
#ca1 #bjag1 and before ,january #a1     
#bjbf14  7b7 ,effective date ,the       
amendments made by this section shall   
not apply to taxable years beginning    
after ,december #ca1 #bjag4  #bb4       

,increase in estate and gift tax        
exemption made permanent  7a7 ,in       
general ,section #bjaj7;c77#c77;,a7 of  
the ,internal ,revenue ,code of #aihf is
 amended by striking #e1jjj1jjj and     
inserting #aj1jjj1jjj4  7b7 ,conforming 
amendments  7#a7 ,section #bjaj7;c77#c7 
of the ,internal ,revenue ,code of #aihf
 is amended by striking subparagraph    
7,c74  7#b7 ,subsection 7g7 of section  
#bjja of such ,code is amended to read  
as follows3  7g7 ,modifications to gift 
tax payable ,to reflect different tax   
rates ,for purposes of applying         
subsection 7b77#b7 with respect to #a or
 more gifts1 the rates of tax under     
subsection 7c7 in effect at the         
decedent's death shall1 in lieu of the  
rates of tax in effect at the time of   
such gifts1 be used both to compute--   
7#a7 the tax imposed by chapter #ab with
 respect to such gifts1 and  7#b7 the   
credit allowed against such tax under   
section #beje1 including in computing-- 
7,a7 the applicable credit amount under 

section #beje7;a77#a71 and  7,b7 the sum
 of the amounts allowed as a credit for 
all preceding periods under section     
#beje7;a77#b74  4  7c7 ,effective date  
,the amendments made by this section    
shall apply to estates of decedents     
dying and gifts made after ,december    
#ca1 #bjag4  #bc4 ,increase in          
alternative minimum tax exemption made  
permanent  7a7 ,in general ,section     
#ee7;d7 of the ,internal ,revenue ,code 
of #aihf is amended-- 7#a7 in paragraph 
7#a7--  7,a7 by striking #gh1gej in     
subparagraph 7,a7 and inserting         
#aji1djj1 and  7,b7 by striking #ej1fjj 
in subparagraph 7,b7 and inserting      
#gj1cjj1 and  7#b7 in paragraph 7#b7--  
7,a7 by striking #aej1jjj in            
subparagraph 7,a7 and inserting         
#a1jjj1jjj1 and  7,b7 by striking       
subparagraphs 7,b7 and 7,c7 and         
inserting the following3  7,b7 #ej      
percent of the dollar amount applicable 
under subparagraph 7,a7 in the case of a
 taxpayer described in subparagraph 7,b7

 or 7,c7 of paragraph 7#a71 and  7,c7   
#ej percent of #aej1jjj in the case of a
 taxpayer described in paragraph        
7#a77;,d74  4  7b7 ,inflation adjustment
  7#a7 ,in general ,section             
#ee7;d77#c77;,a77ii7 of the ,internal   
,revenue ,code of #aihf is amended to   
read as follows3  7ii7 the              
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 by substituting for calendar    
year #bjaf in subparagraph 7,a77ii7     
thereof--  7,i7 calendar year #bjaa in  
the case of the dollar amounts described
 in clauses 7i71 7iv71 and 7v7 of       
subparagraph 7,b71 and  7,,ii7 calendar 
year #bjag in the case of the dollar    
amounts described in clauses 7ii7 and   
7iii7 of subparagraph 7,b74  4  7#b7    
,conforming amendments ,section         
#ee7;d77#c77;,b7 of such ,code is       
amended-- 7,a7 by striking subparagraphs
 7,a71 7,b71 and 7,d7 of paragraph 7#a71
 and in clause 7ii7 and inserting       

subparagraphs 7,a7 and 7,b7 of paragraph
 7#a711  7,b7 by striking subparagraphs 
7,a7 and 7,b7 of paragraph 7#b74 in     
clause 7iii7 and inserting paragraph    
7#b77;,a711 and  7,c7 by adding at the  
end the following3  7iv7 the dollar     
amount contained in paragraph 7#a77;,d71
 and  7v7 the dollar amount contained in
 paragraph 7#b77;,c74  4  7c7 ,effective
 date ,the amendments made by this      
section shall apply to taxable years    
beginning after ,december #ca1 #bjag4   
#bd4 ,technical amendment ,section      
#aajjj of ,public ,law #aae-ig is       
amended by redesignating subsection 7a7 
as subsection 7b7 and by inserting      
before subsection 7b7 7as so            
redesignated7 the following new         
subsection3  7a7 ,short title ,this     
title may be cited as the ,tax ,cuts and
 ,jobs ,act4  4