,,ii  #aag? ,,congress  #a/ ,session    
,s4 #aifa  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #g1 #bjba,mr4    
,k5n$y introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to increase ,,ira 
contribution limits = individuals )\t an
 employ] retirem5t plan4  #a4 ,%ort     
title ,?is ,act may be cit$ z !         
,increas+ ,retirem5t ,am\nt ,act ( #bjba
 or ! ,,ira ,act ( #bjba4  #b4 ,increase
 9 contribution limits = individuals )\t
 an employ] retirem5t plan  7a7 ,9 g5]al
 ,section #bai ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new subsection3  7h7 ,special  
rules = individuals )\t an employ] plan 
,= purposes ( ?is section-- 7#a7 ,9     
g5]al ,9 ! case ( an applicable         
individual-- 7,a7 ! d$uctible am\nt =   
purposes ( subsection 7b77#a77;,a7 is   
#ab1jjj1 &  7,b7 ! applicable am\nt =   
purposes ( subsection 7b77#e77;,b77i7 is
 #c1jjj4  7#b7 ,co/-(-liv+ adju/m5t     

7,a7 ,9 g5]al ,9 ! case ( any taxable   
ye> beg9n+ 9 a cal5d> ye> aft] #bjbb1 ! 
#ab1jjj am\nt "u p>agraph 7#a77;,a7 %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> #bjba = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7,b7 ,r\nd+ 
rules ,if any am\nt aft] adju/m5t "u    
subp>agraph 7,a7 is n a multiple ( #ejj1
 su* am\nt %all be r\nd$ to ! next l[]  
multiple ( #ejj4  7#c7 ,applicable      
individual ,= purposes ( p>agraph 7#a71 
! t]m applicable individual ) respect to
 any taxable ye> means any individual ^:
 employ] does n ma9ta9 a plan describ$ 9
 any clause ( subsection 7g77#e77;,a7 = 
su* taxable ye>4  4  7b7 ,coord9ation ) 
,kay ,bailey ,hut*9son sp\sal ,,ira     
,subp>agraph 7,a7 ( section #bai7;c77#a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by /rik+ 7b77#a77;,a7 & ins]t+    
7b77#a77;,a7 7det]m9$ )\t reg>d to      

subsection 7h774  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ,decemb]   
#ca1 #bjba4