,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #dcg  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #aa1 #bjai,mr4
 ,m55dez 7= himself1 ,mr4 ,s*um]1 ,mr4  
,wyd51 ,mr4 ,durb91 ,mrs4 ,murray1 ,mr4 
,book]1 ,mr4 ,c>d91 ,ms4 ,h>ris1 ,mr4   
,van ,holl51 ,mrs4 ,fe9/e91 ,mrs4       
,gillibr&1 ,ms4 ,duckwor?1 ,mr4         
,blum5?al1 & ,mr4 ,murphy7 introduc$ !  
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to repeal ! doll> limitation on ! 
d$uction = ,/ate & local taxes & re/ore 
! #ci4f p]c5t individual income tax rate
 bracket4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/op ! ,attack on ,local   
,taxpay]s ,act or ! ,,salt ,act4  #b4   
,repeal ( doll> limitation on d$uction =
 ,/ate & local taxes  7a7 ,9 g5]al      
,section #afd7;b77#f7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
all t foll[s ,janu>y #a1 #bjbf & ins]t+ 
1 =eign real prop]ty taxes 7o!r ?an su* 
taxes paid or accru$ 9 c>ry+ on a trade 

or bus9ess or an activity describ$ 9    
section #bab7 %all n be tak5 into acc\nt
 "u subsection 7a77#a744  7b7 ,effective
 date ,! am5dm5t made by ?is section    
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjah4  #c4 ,re/oration ( 
#ci4f p]c5t rate bracket = individuals  
7a7 ,9 g5]al  7#a7 ,m>ri$ fil+ jo9tly & 
surviv+ sp\ses ,! table conta9$ 9       
section #a7;j77#b77;,a7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
,ov] #djj1jjj & all t foll[s & ins]t+ ! 
foll[+3  ,ov] #djj1jjj b n ov]          
#dgj1gjjia1cgi1 plus #ce ( ! excess ov] 
#djj1jjj4,ov] #dgj1gjjaaf1abd1 plus     
#ci4f ( ! excess ov] #dgj1gjj4 4  7#b7  
,heads ( h\seholds ,! table conta9$ 9   
section #a7;j77#b77;,b7 ( su* ,code is  
am5d$ by /rik+ ,ov] #bjj1jjj & all t    
foll[s & ins]t+ ! foll[+3 ,ov] #bjj1jjj 
b n ov] #dah1djjdd1bih1 plus #ce ( !    
excess ov] #bjj1jjj4,ov]                
#dah1djjabj1gch1 plus #ci4f ( ! excess  
ov] #dah1djj4 4  7#c7 ,unm>ri$          
individuals ,! table conta9$ 9 section  

#a7;j77#b77;,c7 ( su* ,code is am5d$ by 
/rik+ ,ov] #bjj1jjj & all t foll[s &    
ins]t+ ! foll[+3  ,ov] #bjj1jjj b n ov] 
#dah1djjde1fhi4ej1 plus #ce ( ! excess  
ov] #bjj1jjj4,ov] #dah1djjabb1abi4ej1   
plus #ci4f ( ! excess ov] #dah1djj4 4   
7#d7 ,m>ri$ fil+ sep>ately ,! table     
conta9$ 9 section #a7;j77#b77;,d7 ( su* 
,code is am5d$ by /rik+ ,ov] #bjj1jjj & 
all t foll[s & ins]t+ ! foll[+3 ,ov]    
#bjj1jjj b n ov] #bce1cejde1fhi4ej1 plus
 #ce ( ! excess ov] #bjj1jjj4,ov]       
#bce1cejeh1jfb4ej1 plus #ci4f ( ! excess
 ov] #bce1cej4 4  7b7 ,inflation        
adju/m5ts to #ci4f p]c5t rate  7#a7 ,9  
g5]al ,section #a7;j77#c77;,a7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ 7be=e ,janu>y #a1 #bjbj1 9 !  
case ( s mu* ( su* tables z relates to  
am\nts to :i* ! #ci4f p]c5t rate        
applies7 aft] ,janu>y #a1 #bjai4  7#b7  
,adju/m5t rules ,section #a7;j77#c77;,b7
 ( su* ,code is am5d$-- 7,a7 9 ! matt]  
prec$+ clause 7i71 by ins]t+ 7,decemb]  
#ca1 #bjai1 9 ! case ( s mu* ( su*      

tables z relates to am\nts to :i* !     
#ci4f p]c5t rate applies7 aft] ,decemb] 
#ca1 #bjah1  7,b7 9 clause 7i71 by      
ins]t+ except z provid$ 9 clause 7iv71  
be=e subsection 7f77#c7 %all1 &  7,c7 by
 /rik+ & at ! end ( clause 7ii71 by     
/rik+ ! p]iod at ! end ( clause 7iii7 & 
ins]t+ 1 &1 & by add+ at ! end ! foll[+ 
new clause3  7iv7 9 ! case ( s mu* ( su*
 tables z relates to am\nts to :i* !    
#ci4f p]c5t rate applies1 subsection    
7f77#c7 %all be appli$ by sub/itut+     
cal5d> ye> #bjah = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  4  7c7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjah4