,,ii  #aagth ,,congress  #b;d ,session  
,s4 #dehi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ba1     
#bjbb,mr4 ,grassley introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to adjust       
certain credits and deductions for      
inflation4  #a4 ,short title ,this ,act 
may be cited as the ,family and         
,community ,inflation ,relief ,act of   
#bjbb4  #b4 ,child tax credit  7a7 ,in  
general ,subsection 7f7 of section #bd  
of the ,internal ,revenue ,code of #aihf
 is amended-- 7#a7 by striking ,taxable 
year must be full taxable year4--,except
 and inserting 8,special rules4--  7#a7 
,taxable year must be full taxable year 
,except  1 and  7#b7 by adding at the   
end the following new paragraph3  7#b7  
,adjustment for inflation  7,a7 ,in     
general ,in the case of a taxable year  
beginning after #bjba1 the #a1jjj amount
 in subsection 7a7 and each of the      

dollar amounts in subsection 7b77#b7    
shall be increased by an amount equal   
to-- 7i7 such dollar amount1 multiplied 
by  7ii7 the cost-of-living adjustment  
determined under section #a7;f77#c7 for 
the calendar year in which the taxable  
year begins1 determined by substituting 
#bjbj for #bjaf in subparagraph 7,a77ii7
 thereof4  7,b7 ,rounding ,if any       
increase under subparagraph 7,a7-- 7i7  
is not a multiple of #ajj1 in the case  
of the amount in subsection 7a71 such   
increase shall be rounded to the next   
lowest multiple of #ajj1 or  7ii7 is not
 a multiple of #a1jjj1 in the case of   
the amounts in subsection 7b77#b71 such 
increase shall be rounded to the next   
lowest multiple of #a1jjj4  4  7b7      
,special rules for taxable years through
 #bjbe  7#a7 ,in general ,subsection 7h7
 of section #bd of such ,code is amended
 by adding at the end the following new 
paragraph3  7#h7 ,adjustment for        
inflation  7,a7 ,in general ,in the case
 of a taxable year beginning after      

#bjba1 the #b1jjj amount in paragraph   
7#b7 and each of the dollar amounts in  
paragraph 7#c7 shall be increased by an 
amount equal to-- 7i7 such dollar       
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting #bjbj
 for #bjaf in subparagraph 7,a77ii7     
thereof4  7,b7 ,rounding ,if any        
increase under subparagraph 7,a7-- 7i7  
is not a multiple of #ajj1 in the case  
of the amount in paragraph 7#b71 such   
increase shall be rounded to the next   
lowest multiple of #ajj1 or  7ii7 is not
 a multiple of #a1jjj1 in the case of   
the amounts in paragraph 7#c71 such     
increase shall be rounded to the next   
lowest multiple of #a1jjj4  4  7#b7     
,partial credit for certain other       
dependents ,paragraph 7#d7 of section   
#bd7;h7 of such ,code is amended by     
adding at the end the following new     
subparagraph3  7,d7 ,adjustment for     

inflation ,in the case of a taxable year
 beginning after #bjba1 the #ejj amount 
in subparagraph 7,a7 shall be increased 
by an amount equal to-- 7i7 such dollar 
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting #bjbj
 for #bjaf in subparagraph 7,a77ii7     
thereof4  ,if any increase under this   
paragraph is not a multiple of #ej1 such
 increase shall be rounded to the next  
lowest multiple of #ej4  4  7c7         
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjba4  #c4 ,credit for household and   
dependent care services  7a7 ,in general
 ,subsection 7e7 of section #ba of the  
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#aa7         
,adjustments for inflation  7,a7 ,in    
general ,in the case of a taxable year  

beginning after #bjba1 the #ae1jjj      
amount in subsection 7a77#b7 and the    
#c1jjj and #f1jjj amounts in subsection 
7c7 shall each be increased by an amount
 equal to-- 7i7 such dollar amount1     
multiplied by  7ii7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1          
determined by substituting #bjbj for    
#bjaf in subparagraph 7,a77ii7 thereof4 
7,b7 ,rounding ,if any increase under   
subparagraph 7,a7-- 7i7 is not a        
multiple of #ajj1 in the case of the    
amounts in subsection 7c71 such increase
 shall be rounded to the next lowest    
multiple of #ajj1 or  7ii7 is not a     
multiple of #a1jjj1 in the case of the  
amount in subsection 7a77#b71 such      
increase shall be rounded to the next   
lowest multiple of #a1jjj4  4  7b7      
,effective date ,the amendment made by  
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjba4  #d4 ,american ,opportunity and  

,lifetime ,learning ,credits  7a7       
,american ,opportunity ,tax ,credit     
,subsection 7b7 of section #be;,a of the
 ,internal ,revenue ,code of #aihf is   
amended by adding at the end the        
following new paragraph3  7#e7          
,adjustment for inflation ,in the case  
of a taxable year beginning after #bjba1
 the #b1jjj and #d1jjj amounts in       
paragraph 7#a7 shall each be increased  
by an amount equal to-- 7,a7 such dollar
 amount1 multiplied by  7,b7 the        
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting #bjbj
 for #bjaf in subparagraph 7,a77ii7     
thereof4  ,if any increase under this   
paragraph is not a multiple of #ajj1    
such increase shall be rounded to the   
next lowest multiple of #ajj4  4  7b7   
,lifetime ,learning ,credit ,subsection 
7c7 of section #be;,a of the ,internal  
,revenue ,code of #aihf is amended by   
adding at the end the following new     

paragraph3  7#c7 ,adjustment for        
inflation ,in the case of a taxable year
 beginning after #bjba1 the #aj1jjj     
amount in paragraph 7#a7 shall be       
increased by an amount equal to-- 7,a7  
such dollar amount1 multiplied by  7,b7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 determined by substituting #bjbj
 for #bjaf in subparagraph 7,a77ii7     
thereof4  ,if any increase under this   
paragraph is not a multiple of #ajj1    
such increase shall be rounded to the   
next lowest multiple of #ajj4  4  7c7   
,limitations based on modified adjusted 
gross income ,subsection 7d7 of section 
#be;,a of the ,internal ,revenue ,code  
of #aihf is amended by adding at the end
 the following new paragraph3  7#c7     
,adjustment for inflation ,in the case  
of a taxable year beginning after #bjba1
 each of the dollar amounts in paragraph
 7#a7 shall be increased by an amount   
equal to-- 7,a7 such dollar amount1     

multiplied by  7,b7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1          
determined by substituting #bjbj for    
#bjaf in subparagraph 7,a77ii7 thereof4 
,if any increase under this paragraph is
 not a multiple of #a1jjj1 such increase
 shall be rounded to the next lowest    
multiple of #a1jjj4  4  7d7 ,effective  
date ,the amendments made by this       
section shall apply to taxable years    
beginning after ,december #ca1 #bjba4   
#e4 ,deduction for interest on education
 loans  7a7 ,in general ,subsection 7f7 
of section #bba of the ,internal        
,revenue ,code of #aihf is amended to   
read as follows3  7f7 ,adjustments for  
inflation  7#a7 ,in general ,in the case
 of a taxable year beginning after      
#bjjb1 each of the dollar amounts in    
subsection 7b7 shall be increased by an 
amount equal to-- 7,a7 in the case of   
the #b1ejj amount in subsection 7b77#a7 
and the #ae1jjj and #cj1jjj amounts in  

subsection 7b77#b77;,b77ii7-- 7i7 such  
dollar amount1 multiplied by  7ii7 the  
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting #bjbj
 for #bjaf in subparagraph 7,a77ii7     
thereof1 and  7,b7 in the case of the   
#ej1jjj and #ajj1jjj amounts in         
subsection 7b77#b77;,b77i77,,ii7-- 7i7  
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 determined by substituting #bjja
 for #bjaf in subparagraph 7,a77ii7     
thereof4  7#b7 ,rounding ,if any        
increase under paragraph 7#a7-- 7,a7 is 
not a multiple of #ajj1 in the case of  
the amount in subsection 7b77#a71 such  
increase shall be rounded to the next   
lowest multiple of #ajj1 or  7,b7 is not
 a multiple of #a1jjj1 in the case of   
the amounts in subsection               
7b77#b77;,b77ii7 and                    

7b77#b77;,b77i77,,ii71 such increase    
shall be rounded to the next lowest     
multiple of #a1jjj4  4  7b7 ,effective  
date ,the amendment made by this section
 shall apply to taxable years beginning 
after ,december #ca1 #bjba4  #f4        
,determination of standard mileage rate 
for charitable contributions deduction  
7a7 ,in ,general ,subsection 7i7 of     
section #agj of the ,internal ,revenue  
,code of #aihf is amended to read as    
follows3  7i7 ,standard mileage rate for
 use of passenger automobile ,for       
purposes of computing the deduction     
under this section for use of a         
passenger automobile1 the standard      
mileage rate shall be the rate          
determined by the ,secretary1 which rate
 shall not be less than the standard    
mileage rate used for purposes of       
section #bac4  4  7b7 ,effective ,date  
,the amendment made by this section     
shall apply to miles traveled after the 
date of the enactment of this ,act4  #g4
 ,extension of limitation on deduction  

of ,state and local taxes ,paragraph    
7#f7 of section #afd7;b7 of the         
,internal ,revenue ,code of #aihf is    
amended-- 7#a7 by striking #bjbe in the 
heading and inserting #bjbf1 and  7#b7  
by striking ,january #a1 #bjbf and      
inserting ,january #a1 #bjbg4