,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ghdi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ai1 #bjbb,mr4   
,m\lton 7= himself & ,mr4 ,keat+7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to all[ a cr$it aga9/ tax 
= ! pur*ase ( c]ta9 adaptive ge> requir$
 to prev5t ! entanglem5t ( "r :ales4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,cons]v+ ,lob/]+ ,& ,:ales ,act (     
#bjbb or ! ,,claw ,act ( #bjbb4  #b4    
,adaptive ge> requir$ to prev5t "r :ale 
entanglem5t  7a7 ,all[ance ( cr$it  7#a7
 ,9 g5]al ,subp>t ,d ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #de,u4  
,adaptive ge> requir$ to prev5t "r :ale 
entanglem5t  7a7 ,9 g5]al ,= purposes ( 
section #ch1 9 ! case ( an eligible     
lob/]+ bus9ess1 ! "r :ale entanglem5t   
prev5tion cr$it det]m9$ "u ?is section =
 any taxable ye> is an am\nt equal to   

#cj p]c5t ( ! am\nts paid or incurr$ by 
! taxpay] = ! taxable ye> = ! pur*ase ( 
any adaptive ge> requir$ by ,/ate or    
,f$]al law or regulation to prev5t !    
entanglem5t ( "r :ales 9 ! c\rse ( !    
trade or bus9ess ( lob/]+4  7b7         
,eligible lob/]+ bus9ess  7#a7 ,9 g5]al 
,= purposes ( ?is section1 ! t]m        
eligible lob/]+ bus9ess means any       
p]son-- 7,a7 engag$ 9 ! trade or bus9ess
 ( lob/]+1 &  7,b7 t submits a return ( 
tax ) respect to su* taxable ye> t      
includes ea* ( ! foll[+1 z applicable1 b
 9 any case n less ?an #a (-- 7i7 a     
,/ate comm]cial lob/] lic5se = su*      
p]son1 &  7ii7 a ,f$]al vessel          
id5tification numb] = ea* vessel us$ by 
su* p]son 9 ! c\rse ( ! trade or bus9ess
 ( lob/]+4  7#b7 ,controll$ gr\ps ,all  
p]sons :i* are treat$ z a s+le employ]  
"u subsections 7a7 & 7b7 ( section #eb  
%all be treat$ z a s+le taxpay] =       
purposes ( ?is subsection4  7c7         
,adaptive ge> ,= purposes ( ?is section1
 ! t]m adaptive ge> means-- 7#a7 ge>    

requir$ by ! ,national ,oceanic &       
,atmosph]ic ,adm9i/ration z "p ( !      
,atlantic ,l>ge ,:ale ,take ,r$uction   
,plan1 &  7#b7 equipm5t us$ = electronic
 vessel track+ requir$ by ! ,atlantic   
,/ates ,m>9e ,fi%]ies ,commission =     
,nor? ,atlantic "r :ale risk r$uction4  
4  7#b7 ,cr$it made "p ( g5]al bus9ess  
cr$it ,section #ch7;b7 ( su* ,code is   
am5d$ by /rik+ plus at ! end ( p>agraph 
7#cb71 by /rik+ ! p]iod at ! end (      
p>agraph 7#cc7 & ins]t+ 1 plus1 & by    
add+ at ! end ! foll[+ new p>agraph3    
7#cd7 9 ! case ( an eligible lob/]+     
bus9ess1 ! "r :ale entanglem5t prev5tion
 cr$it det]m9$ "u #de,u7a74  4  7#c7    
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,d ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( su* ,code is am5d$ by add+ at
 ! end ! foll[+ new item3  ,sec4 #de,u4 
,adaptive ge> requir$ to prev5t "r :ale 
entanglem5t4  4  7b7 ,direct pay option 
7#a7 ,9 g5]al ,sub*apt] ,b ( *apt] #fe (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+ new     

section3  #fdca4 ,elective paym5t ( "r  
:ale entanglem5t prev5tion cr$it  7a7 ,9
 g5]al ,9 ! case ( a taxpay] mak+ an    
election 7at su* "t & 9 su* mann] z !   
,secret>y may provide7 "u ?is section ) 
respect to any portion ( ! "r :ale      
entanglem5t prev5tion cr$it det]m9$ "u  
section #de,u7a71 su* taxpay] %all be   
treat$ z mak+ a paym5t aga9/ ! tax      
impos$ by subtitle ,a = ! taxable ye>   
equal to su* am\nt4  7b7 ,tim+ ,! paym5t
 describ$ 9 subsection 7a7 %all be      
treat$ z made on ! lat] ( ! due date ( !
 return ( tax 7det]m9$ )\t ext5sions7 = 
su* taxable ye> or ! date on :i* su*    
return is fil$4  7c7 ,exclusion f gross 
income ,gross income ( ! taxpay] %all be
 det]m9$ )\t reg>d to ?is section4  7d7 
,d5ial ( d\ble b5efit ,solely = purposes
 ( section #ch1 9 ! case ( a taxpay]    
mak+ an election "u ?is section1 ! "r   
:ale entanglem5t prev5tion cr$it det]m9$
 "u section #de,u7a7 %all be r$uc$ by ! 
am\nt ( ! portion ( su* cr$it ) respect 
to :i* ! taxpay] makes su* election4  4 

7#b7 ,cl]ical am5dm5t ,! table (        
sections = sub*apt] ,b ( *apt] #fe ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #fdca4 ,elective
 paym5t ( "r :ale entanglem5t prev5tion 
cr$it4  4  7c7 ,effective date ,!       
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date ( !  
enactm5t ( ?is ,act4