,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dehi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ba1 #bjbb,mr4   
,grassley introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to adju/ c]ta9    
cr$its & d$uctions = inflation4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,family & ,community ,inflation ,relief 
,act ( #bjbb4  #b4 ,*ild tax cr$it  7a7 
,9 g5]al ,subsection 7f7 ( section #bd (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$-- 7#a7 by /rik+ ,taxable ye> mu/  
be full taxable ye>4--,except & ins]t+  
8,special rules4--  7#a7 ,taxable ye>   
mu/ be full taxable ye> ,except  1 &    
7#b7 by add+ at ! end ! foll[+ new      
p>agraph3  7#b7 ,adju/m5t = inflation   
7,a7 ,9 g5]al ,9 ! case ( a taxable ye> 
beg9n+ aft] #bjba1 ! #a1jjj am\nt 9     
subsection 7a7 & ea* ( ! doll> am\nts 9 
subsection 7b77#b7 %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+ #bjbj = #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7,b7 ,r\nd+ 
,if any increase "u subp>agraph 7,a7--  
7i7 is n a multiple ( #ajj1 9 ! case ( !
 am\nt 9 subsection 7a71 su* increase   
%all be r\nd$ to ! next l[e/ multiple ( 
#ajj1 or  7ii7 is n a multiple ( #a1jjj1
 9 ! case ( ! am\nts 9 subsection       
7b77#b71 su* increase %all be r\nd$ to !
 next l[e/ multiple ( #a1jjj4  4  7b7   
,special rules = taxable ye>s ?r\gh     
#bjbe  7#a7 ,9 g5]al ,subsection 7h7 (  
section #bd ( su* ,code is am5d$ by add+
 at ! end ! foll[+ new p>agraph3  7#h7  
,adju/m5t = inflation  7,a7 ,9 g5]al ,9 
! case ( a taxable ye> beg9n+ aft]      
#bjba1 ! #b1jjj am\nt 9 p>agraph 7#b7 & 
ea* ( ! doll> am\nts 9 p>agraph 7#c7    
%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+ 

#bjbj = #bjaf 9 subp>agraph 7,a77ii7    
!re(4  7,b7 ,r\nd+ ,if any increase "u  
subp>agraph 7,a7-- 7i7 is n a multiple (
 #ajj1 9 ! case ( ! am\nt 9 p>agraph    
7#b71 su* increase %all be r\nd$ to !   
next l[e/ multiple ( #ajj1 or  7ii7 is n
 a multiple ( #a1jjj1 9 ! case ( !      
am\nts 9 p>agraph 7#c71 su* increase    
%all be r\nd$ to ! next l[e/ multiple ( 
#a1jjj4  4  7#b7 ,p>tial cr$it = c]ta9  
o!r dep5d5ts ,p>agraph 7#d7 ( section   
#bd7;h7 ( su* ,code is am5d$ by add+ at 
! end ! foll[+ new subp>agraph3  7,d7   
,adju/m5t = inflation ,9 ! case ( a     
taxable ye> beg9n+ aft] #bjba1 ! #ejj   
am\nt 9 subp>agraph 7,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+ 
#bjbj = #bjaf 9 subp>agraph 7,a77ii7    
!re(4  ,if any increase "u ?is p>agraph 
is n a multiple ( #ej1 su* increase %all
 be r\nd$ to ! next l[e/ multiple ( #ej4

  4  7c7 ,effective date ,! am5dm5ts    
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjba4  #c4 ,cr$it = h\sehold & dep5d5t 
c>e s]vices  7a7 ,9 g5]al ,subsection   
7e7 ( section #ba ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#aa7 ,adju/m5ts
 = inflation  7,a7 ,9 g5]al ,9 ! case ( 
a taxable ye> beg9n+ aft] #bjba1 !      
#ae1jjj am\nt 9 subsection 7a77#b7 & !  
#c1jjj & #f1jjj am\nts 9 subsection 7c7 
%all ea* 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+ #bjbj = #bjaf 9 subp>agraph   
7,a77ii7 !re(4  7,b7 ,r\nd+ ,if any     
increase "u subp>agraph 7,a7-- 7i7 is n 
a multiple ( #ajj1 9 ! case ( ! am\nts 9
 subsection 7c71 su* increase %all be   
r\nd$ to ! next l[e/ multiple ( #ajj1 or
  7ii7 is n a multiple ( #a1jjj1 9 !    
case ( ! am\nt 9 subsection 7a77#b71 su*

 increase %all be r\nd$ to ! next l[e/  
multiple ( #a1jjj4  4  7b7 ,effective   
date ,! am5dm5t made by ?is section %all
 apply to taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjba4  #d4 ,am]ican      
,opportunity & ,lifetime ,le>n+ ,cr$its 
7a7 ,am]ican ,opportunity ,tax ,cr$it   
,subsection 7b7 ( section #be;,a ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#e7 ,adju/m5t = inflation ,9 ! case ( a
 taxable ye> beg9n+ aft] #bjba1 ! #b1jjj
 & #d1jjj am\nts 9 p>agraph 7#a7 %all   
ea* be increas$ by an am\nt equal to--  
7,a7 su* doll> am\nt1 multipli$ by  7,b7
 ! co/-(-liv+ adju/m5t det]m9$ "u       
section #a7;f77#c7 = ! cal5d> ye> 9 :i* 
! taxable ye> beg9s1 det]m9$ by         
sub/itut+ #bjbj = #bjaf 9 subp>agraph   
7,a77ii7 !re(4  ,if any increase "u ?is 
p>agraph is n a multiple ( #ajj1 su*    
increase %all be r\nd$ to ! next l[e/   
multiple ( #ajj4  4  7b7 ,lifetime      
,le>n+ ,cr$it ,subsection 7c7 ( section 
#be;,a ( ! ,int]nal ,rev5ue ,code (     

#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#c7 ,adju/m5t =        
inflation ,9 ! case ( a taxable ye>     
beg9n+ aft] #bjba1 ! #aj1jjj am\nt 9    
p>agraph 7#a7 %all be increas$ by an    
am\nt equal to-- 7,a7 su* doll> am\nt1  
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ #bjbj = #bjaf 9    
subp>agraph 7,a77ii7 !re(4  ,if any     
increase "u ?is p>agraph is n a multiple
 ( #ajj1 su* increase %all be r\nd$ to !
 next l[e/ multiple ( #ajj4  4  7c7     
,limitations bas$ on modifi$ adju/$     
gross income ,subsection 7d7 ( section  
#be;,a ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#c7 ,adju/m5t =        
inflation ,9 ! case ( a taxable ye>     
beg9n+ aft] #bjba1 ea* ( ! doll> am\nts 
9 p>agraph 7#a7 %all be increas$ by an  
am\nt equal to-- 7,a7 su* doll> am\nt1  
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      

cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ #bjbj = #bjaf 9    
subp>agraph 7,a77ii7 !re(4  ,if any     
increase "u ?is p>agraph is n a multiple
 ( #a1jjj1 su* increase %all be r\nd$ to
 ! next l[e/ multiple ( #a1jjj4  4  7d7 
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjba4  #e4   
,d$uction = int]e/ on education loans   
7a7 ,9 g5]al ,subsection 7f7 ( section  
#bba ( ! ,int]nal ,rev5ue ,code ( #aihf 
is am5d$ to read z foll[s3  7f7         
,adju/m5ts = inflation  7#a7 ,9 g5]al ,9
 ! case ( a taxable ye> beg9n+ aft]     
#bjjb1 ea* ( ! doll> am\nts 9 subsection
 7b7 %all be increas$ by an am\nt equal 
to-- 7,a7 9 ! case ( ! #b1ejj am\nt 9   
subsection 7b77#a7 & ! #ae1jjj & #cj1jjj
 am\nts 9 subsection 7b77#b77;,b77ii7-- 
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+ 
#bjbj = #bjaf 9 subp>agraph 7,a77ii7    

!re(1 &  7,b7 9 ! case ( ! #ej1jjj &    
#ajj1jjj am\nts 9 subsection            
7b77#b77;,b77i77,,ii7-- 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+ #bjja = #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7#b7 ,r\nd+ 
,if any increase "u p>agraph 7#a7-- 7,a7
 is n a multiple ( #ajj1 9 ! case ( !   
am\nt 9 subsection 7b77#a71 su* increase
 %all be r\nd$ to ! next l[e/ multiple (
 #ajj1 or  7,b7 is n a multiple (       
#a1jjj1 9 ! case ( ! am\nts 9 subsection
 7b77#b77;,b77ii7 &                     
7b77#b77;,b77i77,,ii71 su* increase %all
 be r\nd$ to ! next l[e/ multiple (     
#a1jjj4  4  7b7 ,effective date ,!      
am5dm5t made by ?is section %all apply  
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjba4  #f4 ,det]m9ation ( /&>d    
mileage rate = *>itable contributions   
d$uction  7a7 ,9 ,g5]al ,subsection 7i7 
( section #agj ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ to read z foll[s3

  7i7 ,/&>d mileage rate = use ( pass5g]
 automobile ,= purposes ( comput+ !     
d$uction "u ?is section = use ( a       
pass5g] automobile1 ! /&>d mileage rate 
%all be ! rate det]m9$ by ! ,secret>y1  
:i* rate %all n be less ?an ! /&>d      
mileage rate us$ = purposes ( section   
#bac4  4  7b7 ,effective ,date ,!       
am5dm5t made by ?is section %all apply  
to miles travel$ aft] ! date ( !        
enactm5t ( ?is ,act4  #g4 ,ext5sion (   
limitation on d$uction ( ,/ate & local  
taxes ,p>agraph 7#f7 ( section #afd7;b7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$-- 7#a7 by /rik+ #bjbe 9 ! head+ & 
ins]t+ #bjbf1 &  7#b7 by /rik+ ,janu>y  
#a1 #bjbf & ins]t+ ,janu>y #a1 #bjbg4