,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #hihc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bf1        
#bjbb,mr4 ,banks introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to resc9d   
c]ta9 balances made available to !      
,int]nal ,rev5ue ,s]vice & am5d !       
,int]nal ,rev5ue ,code ( #aihf to       
p]man5tly increase ! /&>d d$uction4  #a4
 ,rescission ( c]ta9 balances made      
available to ! ,int]nal ,rev5ue ,s]vice 
,section #ajcja ( ,public ,law #aag-afi 
7commonly kn[n z ! ,inflation ,r$uction 
,act7 is h]eby repeal$1 ! unobligat$    
balance ( am\nts made available "u su*  
section are h]eby p]man5tly resc9d$1 &  
any am\nts made available "u su* section
 t are obligat$ are h]eby deobligat$ &  
p]man5tly resc9d$4  #b4 ,increase 9 /&>d
 d$uction  7a7 ,9 g5]al ,section        
#fc7;c77#b7 ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$--  7#a7 by /rik+ #d1djj 
9 subp>agraph 7,b7 & ins]t+ #ba1jfj1 &  
7#b7 by /rik+ #c1jjj 9 subp>agraph 7,c7 

& ins]t+ #ad1jbe4  7b7 ,inflation       
adju/m5t ,section #fc7;c77#d7 ( su*     
,code is am5d$ to read z foll[s3  7#d7  
,adju/m5ts = inflation  7,a7 ,9 g5]al   
,ea* doll> am\nt 9 p>agraph 7#b77;,b71  
7#b77;,c71 or 7#e7 or subsection 7f7    
%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+ 
= #bjaf 9 subp>agraph 7,a77ii7 !re(--   
7,i7 9 ! case ( ! doll> am\nts conta9$ 9
 p>agraph 7#b77;,b7 or 7#b77;,c71 #bjbb1
  7,,ii7 9 ! case ( ! doll> am\nts      
conta9$ 9 p>agraph 7#e77;,a7 or         
subsection 7f71 #aihg1 &  7,,iii7 9 !   
case ( ! doll> am\nt conta9$ 9 p>agraph 
7#e77;,b71 #aiig4  7,b7 ,r\nd+ ,if any  
increase "u ?is clause is n a multiple (
 #ej1 su* increase %all be r\nd$ to !   
next l[e/ multiple ( #ej4  4  7c7       
,con=m+ am5dm5t ,section #fc7;c7 ( su*  
,code is am5d$ by /rik+ p>agraph 7#g74  
7d7 ,effective date ,! am5dm5ts made by 

?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjbb4