,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hhbj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #be1 #bjbd ,mr4 
,burlison introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to provide an     
above-!-l9e d$uction = long-t]m c>e     
insurance premiums & to r$uce c]ta9 tax 
cr$its4  #a4 ,%ort title ,?is ,act may  
be cit$ z ! ,improv+ ,access to         
,long-,t]m ,c>e ,insurance ,act4  #b4   
,d$uction = long-t]m c>e insurance      
premiums  7a7 ,d$uction n subject to    
m9imum am\nt ( exp5ses ,section #bac ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by add+ at ! end ! foll[+ new          
subsection3  7f7 ,long-,t]m c>e         
insurance premiums n subject to m9imum  
am\nt ( exp5ses ,9 ! case ( any eligible
 long-t]m c>e premiums tak5 into acc\nt 
"u subsection 7a71 su* subsection %all  
be appli$-- 7#a7 )\t reg>d to ! phase to
 ! ext5t t su* exp5ses exce$ #g4e p]c5t 
( adju/$ gross income = purposes (      

det]m9+ ! d$uction all[$ "u su*         
subsection = su* premiums1 &  7#b7 by   
tak+ su* premiums into acc\nt = purposes
 ( det]m9+ :e!r a d$uction is all[$ "u  
su* subsection ) respect to any o!r     
exp5ses paid = m$ical c>e4  4  7b7      
,d$uction all[$ :e!r or n taxpay]       
itemizes d$uctions ,section #fb7;a7 (   
su* ,code is am5d$ by ins]t+ aft]       
p>agraph 7#ba7 ! foll[+ new p>agraph3   
7#bb7 ,d$uction = long-t]m c>e insurance
 premiums ,! d$uction all[$ "u section  
#bac = eligible long-t]m c>e premiums 7z
 def9$ 9 section #bac7;d77#aj774  4  7c7
 ,effective date ,! am5dm5ts made by ?is
 section %all apply to taxable ye>s     
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  #c4 ,r$uction ( c]ta9 tax cr$its 
7a7 ,9 g5]al ,"p ,,iv ( sub*apt] ,a (   
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new subp>t3  ,h ,r$uction ( c]ta9      
cr$its  ,sec4 #ed4 ,r$uction ( c]ta9    
cr$its4  #ed4 ,r$uction ( c]ta9 cr$its  
7a7 ,9 g5]al ,9 ! case ( any specifi$   

cr$it1 ! am\nt ( su* cr$it = any taxable
 ye> %all be r$uc$ by ! applicable      
p]c5tage 7det]m9$ "u p>agraph 7#b7 )    
respect to su* taxable ye>7 ( su* am\nt 
7det]m9$ )\t reg>d to ?is subsection74  
7b7 ,applicable p]c5tage ,= purposes (  
?is section-- 7#a7 ,9 g5]al ,! t]m      
applicable p]c5tage means1 ) respect to 
any taxable ye> ! due date 7det]m9$ )\t 
reg>d to any ext5sion7 ( ! return ( tax 
= :i* is dur+ any fiscal ye>1 ! p]c5tage
 :i* ! ,secret>y e/imates w result 9 an 
increase 9 rev5ue to ! ,treasury dur+   
su* fiscal ye> :i* is equal to ! net    
decrease 9 rev5ue to ! ,treasury dur+   
su* fiscal ye> t ! ,secret>y e/imates w 
result f ! am5dm5ts made by section #b (
 ! ,improv+ ,access to ,long-,t]m ,c>e  
,insurance ,act4 ,! applicable p]c5tage 
det]m9$ "u ! prec$+ s5t5ce ) respect to 
any taxable ye> %all be made publicly   
available by ! ,secret>y be=e ! beg9n+ (
 su* taxable ye>4  7#b7 ,me?odology ,!  
increase & decrease 9 rev5ue ref]r$ to 9
 p>agraph 7#a7 %all be det]m9$1 to !    

maximum ext5t practicable1 us+ ! same   
me?odology z is us$ by ! ,jo9t          
,committee on ,taxation to e/imate !    
budget>y effects ( legislative          
proposals4  7c7 ,specifi$ cr$its ,=     
purposes ( ?is section1 ! t]m specifi$  
cr$its means ! cr$its det]m9$ "u        
sections #be;,c1 #be;,d1 #be;,e1 #cj;,b1
 #cj;,c1 #cj;,d1 #dj;,a1 #de1 #de;,h1   
#de,k1 #de,l1 #de,q1 #de,y1 #dh;,a1     
#dh;,b1 & #dh;,e4  4  7b7 ,cl]ical      
am5dm5t ,! table ( subp>ts = "p ,,iv (  
sub*apt] ,a ( *apt] #a ( su* ,code is   
am5d$ by add+ at ! end ! foll[+ new     
item3  ,subp>t ,h--,r$uction ( c]ta9    
cr$its  4  7c7 ,effective date ,!       
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date ( !  
enactm5t ( ?is ,act4