,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #d  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ 
,,/ates  ,janu>y #c1 #bjai,ms4 ,h>ris   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to e/abli% a      
refundable tax cr$it to increase !      
take-home pay ( ,am]ican work]s &       
enhance _! f9ancial /ability1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,,lift 7,livable ,incomes =
 ,families ,today7 ! ,middle ,class     
,act4  #b4 ,e/abli%m5t ( middle class   
tax cr$it  7a7 ,9 g5]al ,subp>t ,c ( "p 
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #cf ! foll[+ new 
section3  #cf;,a4 ,middle class tax     
cr$it  7a7 ,all[ance ( cr$it  7#a7 ,9   
g5]al ,9 ! case ( an eligible           
individual1 = any taxable ye> beg9n+    
aft] ,decemb] #ca1 #bjah1 !re %all be   
all[$ z a cr$it aga9/ ! tax impos$ by   
?is subtitle = ! taxable ye> an am\nt   

equal to s mu* ( ! taxpay]'s e>n$ income
 = ! prec$+ taxable ye> z does n exce$  
#c1jjj4  7#b7 ,phase\t ( cr$it ,! am\nt 
( ! cr$it all[able to ! taxpay] "u      
p>agraph 7#a7 = ! taxable ye> %all be   
r$uc$ 7b n bel[ z]o7 by an am\nt :i*    
be>s ! same ratio to ! am\nt ( ! cr$it  
det]m9$ "u su* p>agraph z--  7,a7 !     
am\nt 7n less ?an z]o7 equal to ! adju/$
 gross income 7or1 if great]1 ! e>n$    
income7 ( ! taxpay] = ! prec$+ taxable  
ye> m9us #cj1jjj1 be>s to  7,b7 #bj1jjj4
  7#c7 ,jo9t returns  7,a7 ,9 g5]al ,=  
purposes ( det]m9+ ! am\nt ( ! cr$it    
all[$ "u ?is section = any taxable ye>1 
if a jo9t return 0 fil$ = ! prec$+      
taxable ye> by an eligible individual & 
su* individual's sp\se1 ea* ( ! doll>   
am\nts "u p>agraphs 7#a7 & 7#b7 %all be 
d\bl$4  7,b7 ,m>ri$ individuals ,=      
purposes ( det]m9+ ! am\nt ( ! cr$it    
all[$ "u ?is section = any taxable ye>1 
if an individual 0 m>ri$ dur+ ! prec$+  
taxable ye> 7)9 ! mean+ ( section       
#ggjc71 ?is section %all apply only if a

 jo9t return 0 fil$ = ! prec$+ taxable  
ye> "u section #fjac4  7#d7 ,head (     
h\sehold ,= purposes ( det]m9+ ! am\nt (
 ! cr$it all[$ "u ?is section = any     
taxable ye>1 if a taxpay] fil$ a return 
z a head ( h\sehold = ! prec$+ taxable  
ye>1 ! r$uction ( ! cr$it all[able to ! 
taxpay] "u p>agraph 7#a7 %all be det]m9$
 "u p>agraph 7#b7 by sub/itut+ #fj1jjj =
 #cj1jjj 9 subp>agraph 7,a7 !re(4  7#e7 
,inflation adju/m5ts  7,a7 ,9 g5]al ,9 !
 case ( any taxable ye> aft] #bjai1 ea* 
( ! doll> am\nts "u p>agraphs 7#a71     
7#b71 & 7#d7 %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+ cal5d> ye> #bjah = 
cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 
!re(4  7,b7 ,r\nd+ ,if any increase     
det]m9$ "u subp>agraph 7,a7 is n a      
multiple ( #ej1 su* increase %all be    
r\nd$ to ! ne>e/ multiple ( #ej4  7b7   
,def9itions ,= purposes ( det]m9+ !     

cr$it all[$ "u ?is section = any taxable
 ye>-- 7#a7 ,eligible individual  7,a7  
,9 g5]al ,! t]m eligible individual     
means an individual--  7i7 :o atta9$ #ah
 ye>s ( age be=e ! close ( ! prec$+     
taxable ye>1  7ii7 ^: pr9cipal place (  
abode 0 9 ! ,unit$ ,/ates = m ?an       
"o-half ( ! prec$+ taxable ye>1  7iii7  
:o 0 n a dep5d5t = :om a d$uction is    
all[able "u section #aea to ano!r       
taxpay] = any taxable ye> beg9n+ 9 !    
same cal5d> ye> z ! prec$+ taxable ye>1 
&  7iv7 :o did n claim ! b5efits (      
section #iaa = ! prec$+ taxable ye>4    
7,b7 ,limitation on eligibility (       
nonresid5t ali5s ,! t]m eligible        
individual %all n include any individual
 :o is a nonresid5t ali5 individual =   
any portion ( ! prec$+ taxable ye>1     
unless su* individual is treat$ = su*   
taxable ye> z a resid5t ( ! ,unit$      
,/ates = purposes ( ?is *apt] by reason 
( an election "u subsection 7g7 or 7h7 (
 section #fjac4  7,c7 ,id5tification    
numb] requirem5t ,no cr$it %all be all[$

 "u ?is section to an eligible          
individual :o does n include on ! return
 ( tax = ! taxable ye>--  7i7 su*       
individual's taxpay] id5tification      
numb]1 &  7ii7 if ! individual 0 m>ri$  
dur+ ! prec$+ taxable ye> 7)9 ! mean+ ( 
section #ggjc71 ! taxpay] id5tification 
numb] ( su* individual's sp\se4  7,d7   
,treatm5t ( milit>y p]sonnel /ation$    
outside ( ! ,unit$ ,/ates ,= purposes ( 
subp>agraph 7,a77ii71 ! pr9cipal place (
 abode ( a memb] ( ! ,arm$ ,=ces ( !    
,unit$ ,/ates %all be treat$ z 9 !      
,unit$ ,/ates dur+ any p]iod dur+ :i*   
su* memb] is /ation$ outside ! ,unit$   
,/ates :ile s]v+ on ext5d$ active duty )
 ! ,arm$ ,=ces ( ! ,unit$ ,/ates4 ,=    
purposes ( ! prec$+ s5t5ce1 ! t]m ext5d$
 active duty means any p]iod ( active   
duty pursuant to a call or ord] to su*  
duty = a p]iod 9 excess ( #ij days or = 
an indef9ite p]iod4  7#b7 ,e>n$ income  
,! t]m e>n$ income has ! same mean+ giv5
 su* t]m "u section #cb7;c77#b71 except 
t su* t]m %all include any am\nts       

receiv$ by ! taxpay] z a ,f$]al ,pell   
,grant "u section #dja ( ! ,high]       
,education ,act ( #aife4  7c7 ,taxable  
ye> mu/ be full taxable ye> ,except 9 ! 
case ( a taxable ye> clos$ by reason ( !
 dea? ( ! taxpay]1 no cr$it %all be     
all[able "u ?is section 9 ! case ( a    
taxable ye> cov]+ a p]iod ( less ?an #ab
 mon?s4  7d7 ,re/rictions on taxpay] :o 
improp]ly claim$ cr$it 9 prior ye>      
,rules simil> to subsection 7k7 (       
section #cb %all apply = purposes ( ?is 
section4  7e7 ,am\nt ( cr$it ,to be     
det]m9$ "u tables  7#a7 ,9 g5]al ,!     
am\nt ( ! cr$it all[$ by ?is section    
%all be det]m9$ "u tables prescrib$ by !
 ,secret>y4  7#b7 ,requirem5ts = tables 
,! tables prescrib$ "u p>agraph 7#a7    
%all reflect ! provisions ( subsection  
7a7 & %all h income brackets ( n great] 
?an #ej ea*--  7,a7 = e>n$ income betwe5
 #j & ! am\nt ( e>n$ income at :i* !    
cr$it is phas$ out "u subsection        
7a77#b71 &  7,b7 = adju/$ gross income  
betwe5 ! doll> am\nt at :i* ! phase\t   

beg9s "u subsection 7a77#b7 & ! am\nt ( 
adju/$ gross income at :i* ! cr$it is   
phas$ out "u su* subsection4  7f7       
,reconciliation ( cr$it & advance       
paym5ts ,! am\nt ( ! cr$it all[$ "u ?is 
section = any taxable ye> %all be r$uc$ 
7b n bel[ z]o7 by ! aggregate am\nt (   
any advance paym5ts ( su* cr$it "u      
section #gebg;,a = su* taxable ye>4  4  
7b7 ,advance paym5t ( middle class tax  
cr$it  7#a7 ,9 g5]al ,*apt] #gg ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #gebg ! foll[+   
new section3  #gebg;,a4 ,advance paym5t 
( middle class tax cr$it  7a7 ,9 g5]al  
,n lat] ?an #f mon?s aft] ! date ( !    
enactm5t ( ! ,,lift 7,livable ,incomes =
 ,families ,today7 ! ,middle ,class     
,act1 ! ,secret>y %all e/abli% a program
 = mak+ advance paym5ts ( ! cr$it all[$ 
"u section #cf;,a on a mon?ly basis     
7det]m9$ )\t reg>d to subsection 7f7 (  
su* section7 to any taxpay] :o--  7#a7 !
 ,secret>y has det]m9$ w be all[$ su*   
cr$it = ! taxable ye>1 &  7#b7 has made 

an election "u subsection 7c74  7b7     
,am\nt ( advance paym5t  7#a7 ,9 g5]al  
,= purposes ( subsection 7a71 ! am\nt ( 
! mon?ly advance paym5t ( ! cr$it       
provid$ to a taxpay] dur+ ! applicable  
p]iod %all be equal to ! less] (--  7,a7
 an am\nt equal to-- 7i7 ! am\nt ( !    
cr$it :i* ! ,secret>y has det]m9$ w be  
all[$ to su* taxpay] "u section #cf;,a =
 ! taxable ye> end+ 9 su* applicable    
p]iod1 divid$ by  7ii7 #ab1 or  7,b7 su*
 o!r am\nt z is elect$ by ! taxpay]4    
7#b7 ,applicable p]iod ,= purposes ( ?is
 section1 ! t]m applicable p]iod means !
 #ab-mon? p]iod f ! mon? ( ,july ( !    
taxable ye> ?r\gh ! mon? ( ,june ( !    
subsequ5t taxable ye>4  7c7 ,election ( 
advance paym5t ,a taxpay] may elect to  
receive an advance paym5t ( ! cr$it     
all[$ "u section #cf;,a = any taxable   
ye> by includ+ su* election on a timely 
fil$ return = ! prec$+ taxable ye>4  7d7
 ,int]nal ,rev5ue ,s]vice notification  
,! ,int]nal ,rev5ue ,s]vice %all take   
su* /eps z may be appropriate to ensure 

t taxpay]s :o are eligible to receive ! 
cr$it "u section #cf;,a are aw>e ( !    
availability ( ! advance paym5t ( su*   
cr$it "u ?is section4  7e7 ,au?ority ,! 
,secret>y may prescribe su* regulations 
or o!r guidance z may be appropriate or 
necess>y = ! purposes ( c>ry+ out ?is   
section4  4  7c7 ,income disreg>d ,any  
cr$it or refund all[$ or made to any    
individual by reason ( section #cf;,a ( 
! ,int]nal ,rev5ue ,code ( #aihf 7z add$
 by ?is section7 %all n be tak5 into    
acc\nt z income & %all n be tak5 into   
acc\nt z res\rces = purposes ( det]m9+ !
 eligibility ( su* individual or any o!r
 individual = b5efits or assi/ance1 or !
 am\nt or ext5t ( b5efits or assi/ance1 
"u any ,f$]al program or "u any ,/ate or
 local program f9anc$ 9 :ole or 9 "p )  
,f$]al funds4  7d7 ,con=m+ am5dm5ts     
7#a7 ,section #fbaa7;b77#d77;,a7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ #cf;,a1 aft] #cf14  7#b7      
,section #fbac7;g77#b7 ( su* ,code is   
am5d$--  7,a7 9 subp>agraph 7,f71 by    

ins]t+ or section #cf;,a aft] cr$it72   
7,b7 9 subp>agraph 7,g71 by ins]t+ or   
#cf;,a aft] section #cb2  7,c7 by /rik+ 
subp>agraph 7,k7 & ins]t+ ! foll[+3     
7,k7 an omission ( in=mation requir$ by 
section #cb7k77#b7 or #cf7;e7 or an     
entry on ! return claim+--  7i7 ! cr$it 
"u section #cb = a taxable ye> = :i* !  
cr$it is disall[$ "u subsection 7k77#a7 
!re(1 or  7ii7 ! cr$it "u section #cf;,a
 = a taxable ye> = :i* ! cr$it is       
disall[$ "u subsection 7d7 !re(1  2 &   
7,d7 9 subp>agraph 7,l71 by /rik+ or #cb
 & ins]t+ #cb1 or #cf;,a4  7#c7 ,! table
 ( sections = subp>t ,c ( "p ,,iv (     
sub*apt] ,a ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #cf ! foll[+ new item3  ,sec4   
#cf;,a4 ,middle class tax cr$it4  4     
7#d7 ,! table ( sections = *apt] #gg (  
su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to section #gebg ! foll[+3      
,sec4 #gebg;,a4 ,advance paym5t ( middle
 class tax cr$it4  4  7e7 ,effective    
date ,! am5dm5ts made by ?is section    

%all apply to e>n$ income receiv$ aft]  
,decemb] #ca1 #bjag4  #c4 ,return       
prep>ation programs = l[-income taxpay]s
  7a7 ,9 g5]al ,*apt] #gg ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #gebf ! foll[+ new        
section3  #gebf;,a4 ,return prep>ation  
programs = l[-income taxpay]s  7a7      
,volunte] ,income ,tax ,assi/ance ,mat*+
 ,grant ,program  7#a7 ,e/abli%m5t (    
,program ,! ,secret>y1 ?r\gh ! ,int]nal 
,rev5ue ,s]vice1 %all e/abli% a         
,community ,volunte] ,income ,tax       
,assi/ance ,mat*+ ,grant ,program       
7h]e9aft] 9 ?is section ref]r$ to z !   
,,vita grant program74 ,except z o!rwise
 provid$ 9 ?is section1 ! ,,vita grant  
program %all be adm9i/]$ 9 a mann] :i*  
is sub/antially simil> to ! ,community  
,volunte] ,income ,tax ,assi/ance mat*+ 
grants demon/ration program e/abli%$ "u 
title ,i ( division ,d ( ! ,consolidat$ 
,appropriations ,act1 #bjjh4  7#b7      
,mat*+ grants  7,a7 ,9 g5]al ,!         
,secret>y may1 subject to ! availability

 ( appropriat$ funds1 make available    
grants "u ! ,,vita grant program to     
provide mat*+ funds = ! developm5t1     
expansion1 or cont9uation ( qualifi$    
return prep>ation programs assi/+       
l[-income taxpay]s & memb]s ( und]s]v$  
populations4  7,b7 ,application  7i7 ,9 
g5]al ,subject to clause 7ii71 9 ord] to
 be eligible = a grant "u ?is section1 a
 qualifi$ return prep>ation program %all
 submit an application to ! ,secret>y at
 su* "t1 9 su* mann]1 & conta9+ su*     
in=mation z ! ,secret>y may reasonably  
require4  7ii7 ,accuracy review ,9 !    
case ( any qualifi$ return prep>ation   
program :i* 0 aw>d$ a grant "u ?is      
section & 0 subsequ5tly subject to a    
field site visit by ! ,int]nal ,rev5ue  
,s]vice 7includ+ ?r\gh ! ,/akehold]     
,p>tn]%ips1 ,education1 & ,communication
 (fice7 9 :i* x 0 det]m9$ t ! av]age    
accuracy rate = prep>ation ( tax returns
 ?r\gh su* program 0 less ?an #ij p]c5t1
 su* program %all n be eligible = any   
additional grants "u ?is section unless 

su* program provides1 z "p ( _!         
application1 suffici5t docum5tation     
reg>d+ ! corrective measures e/abli%$ by
 su* program to address ! defici5cies   
id5tifi$ foll[+ ! field site visit4     
7,c7 ,priority ,9 aw>d+ grants "u ?is   
section1 ! ,secret>y %all give priority 
to applications--  7i7 demon/rat+       
assi/ance to l[-income taxpay]s1 )      
emphasis on outrea* to & s]vices = su*  
taxpay]s1  7ii7 demon/rat+ taxpay]      
outrea* & educational activities relat+ 
to eligibility & availability ( income  
supports available ?r\gh ! ,int]nal     
,rev5ue ,code ( #aihf1 su* z ! e>n$     
income tax cr$it1 &  7iii7 demon/rat+   
specific outrea* & focus on "o or m     
und]s]v$ populations4  7,d7 ,duration ( 
grants ,^u application ( a qualifi$     
return prep>ation program1 ! ,secret>y  
is au?oriz$ to aw>d a multi-ye> grant n 
to exce$ #c ye>s4  7#c7 ,aggregate      
limitation ,unless o!rwise provid$ by   
specific appropriation1 ! ,secret>y %all
 n allocate m ?an #cj1jjj1jjj p] fiscal 

ye> 7exclusive ( co/s ( adm9i/]+ !      
program7 to c>ry out ! purposes ( ?is   
section4  7b7 ,use ( funds  7#a7 ,9     
g5]al ,qualifi$ return prep>ation       
programs receiv+ a grant "u ?is section 
may use ! grant =--  7,a7 ord9>y &      
necess>y co/s associat$ ) program       
op]ation 9 accordance ) ,co/ ,pr9ciples 
,circul>s z set =? by ! ,(fice (        
,managem5t & ,budget1 includ+--  7i7 =  
wages or sal>ies ( p]sons coord9at+ !   
activities ( ! program1  7ii7 to develop
 tra9+ mat]ials1 conduct tra9+1 & p]=m  
quality reviews ( ! returns = :i*       
assi/ance has be5 provid$ "u ! program1 
&  7iii7 = equipm5t pur*ases &          
vehicle-relat$ exp5ses associat$ )      
remote or rural tax prep>ation s]vices1 
7,b7 outrea* & educational activities   
describ$ 9 subsection 7a77#b77;,c77ii71 
&  7,c7 s]vices relat$ to f9ancial      
education & capability1 asset           
developm5t1 & ! e/abli%m5t ( sav+s      
acc\nts 9 connection ) tax return       
prep>ation4  7#b7 ,use ( grants =       

ov]head exp5ses prohibit$ ,no grant made
 "u ?is section may be us$ = ov]head    
exp5ses t are n directly relat$ to any  
qualifi$ return prep>ation program4  7c7
 ,promotion & ref]ral  7#a7 ,promotion  
,! ,secret>y %all promote ! b5efits (1 &
 enc\rage ! use (1 tax prep>ation ?r\gh 
qualifi$ return prep>ation programs     
?r\gh ! use ( mass communications1      
ref]rals1 & o!r means4  7#b7 ,int]nal   
rev5ue s]vice ref]rals ,! ,secret>y may 
ref] taxpay]s to qualifi$ return        
prep>ation programs receiv+ fund+ "u ?is
 section4  7#c7 ,,vita grantee ref]ral  
,qualifi$ return prep>ation programs    
receiv+ a grant "u ?is section are      
enc\rag$ to ref]1 z appropriate1 to     
local or regional ,l[ ,income ,taxpay]  
,cl9ics individuals :o are eligible to  
receive s]vices at su* cl9ics4  7d7     
,def9itions ,= purposes ( ?is section-- 
7#a7 ,qualifi$ return prep>ation program
 ,! t]m qualifi$ return prep>ation      
program means any program--  7,a7 :i*   
provides assi/ance to individuals1 n    

less ?an #ij p]c5t ( :om are l[-income  
taxpay]s1 9 prep>+ & fil+ ,f$]al income 
tax returns1  7,b7 :i* is adm9i/]$ by a 
qualifi$ entity1  7,c7 9 :i* all ( !    
volunte]s :o assi/ 9 ! prep>ation (     
,f$]al income tax returns meet ! tra9+  
requirem5ts prescrib$ by ! ,secret>y1 & 
7,d7 :i* uses a quality review process  
:i* reviews #ajj p]c5t ( all returns4   
7#b7 ,qualifi$ entity  7,a7 ,9 g5]al ,! 
t]m qualifi$ entity means any entity    
:i*--  7i7 is an eligible organization  
7z describ$ 9 subp>agraph 7,b771  7ii7  
is 9 compliance ) ,f$]al tax fil+ &     
paym5t requirem5ts1  7iii7 is n deb>r$  
or susp5d$ f ,f$]al contracts1 grants1  
or coop]ative agreem5ts1 &  7iv7 agrees 
to provide docum5tation to sub/antiate  
any mat*+ funds provid$ "u ! ,,vita     
grant program4  7,b7 ,eligible          
organization  7i7 ,9 g5]al ,subject to  
clause 7ii71 ! t]m eligible organization
 means-- 7,i7 an in/itution ( high]     
education :i* is describ$ 9 section #ajb
 7o!r ?an subsection 7a77#a77;,c7 !re(7 

( ! ,high] ,education ,act ( #aife 7#bj 
,u4,s4,c4 #ajhh71 z 9 effect on ! date (
 ! enactm5t ( ?is section1 & :i* has n  
be5 disqualifi$ f p>ticipat+ 9 a program
 "u title ,,iv ( su* ,act1  7,,ii7 an   
organization describ$ 9 section #eja7;c7
 ( ! ,int]nal ,rev5ue ,code ( #aihf &   
exempt f tax "u section #eja7;a7 ( su*  
,code1  7,,iii7 a local gov]nm5t ag5cy1 
includ+-- 7aa7 a c\nty or municipal     
gov]nm5t ag5cy1 &  7bb7 an ,indian      
tribe1 z def9$ 9 section #d7ac7 ( !     
,native ,am]ican ,h\s+ ,assi/ance &     
,self-,det]m9ation ,act ( #aiif 7#be    
,u4,s4,c4 #dajc7ac771 includ+ any       
tribally designat$ h\s+ entity 7z def9$ 
9 section #d7bb7 ( su* ,act 7#be        
,u4,s4,c4 #dajc7bb7771 tribal subsidi>y1
 subdivision1 or o!r :olly own$ tribal  
entity1 or  7,,iv7 a local1 ,/ate1      
regional1 or national coalition 7) "o   
lead organization :i* meets !           
eligibility requirem5ts ( subclause     
7,i71 7,,ii71 or 7,,iii7 act+ z !       
applicant organization74  7ii7          

,alt]native eligible organization ,if no
 eligible organization describ$ 9 clause
 7i7 is available to assi/ ! t>get$     
population or community1 ! t]m eligible 
organization %all include--  7,i7 a     
,/ate gov]nm5t ag5cy1 &  7,,ii7 a       
,coop]ative ,ext5sion ,s]vice (fice4    
7#c7 ,l[-income taxpay]s ,! t]m         
l[-income taxpay] means a taxpay] :o has
 income = ! taxable ye> :i* does n exce$
 an am\nt equal to ! complet$ phase\t   
am\nt "u section #cb7;b7 = a m>ri$ c\ple
 fil+ a jo9t return ) ?ree or m qualify+
 *ildr51 z det]m9$ 9 a rev5ue proc$ure  
or o!r publi%$ guidance4  7#d7 ,und]s]v$
 population ,! t]m und]s]v$ population  
includes populations ( p]sons )         
disabilities1 p]sons ) limit$ ,engli%   
pr(ici5cy1 ,native ,am]icans1           
individuals liv+ 9 rural areas1 memb]s (
 ! ,arm$ ,=ces & _! sp\ses1 & ! eld]ly4 
4  7b7 ,cl]ical am5dm5t ,! table (      
sections = *apt] #gg ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #gebf !  

foll[+ new item3  #gebf;,a4 ,return     
prep>ation programs = l[-income         
taxpay]s4  4  #d4 ,s5se ( ! ,s5ate ,x is
 ! s5se ( ! ,s5ate t ! co/s ( c>ry+ out 
?is ,act & ! am5dm5ts made by ?is ,act  
%\ld be fully (fset ?r\gh--  7#a7 !     
repeal ( ,public ,law #aae-ig1 ) !      
exception ( any provisions or am5dm5ts  
"u su* ,public ,law t provide relief to 
taxpay]s ) less ?an #ajj1jjj 9 annual   
income2 &  7#b7 a fee1 9 su* am\nt z is 
det]m9$ appropriate by ! ,secret>y ( !  
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c>ry+ out ?is ,act & ! am5dm5ts made by 
?is ,act1 to be assess$ on any f9ancial 
in/itution t has total consolidat$      
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