,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #igfa  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bc1        
#bjbd,mr4 ,lopez introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[  
an increas$ doll> limitation = section  
#agi prop]ty plac$ 9 s]vice 9 ! trade or
 bus9ess ( f>m+4  #a4 ,increas$ section 
#agi prop]ty limit = f>m+ prop]ty  7a7  
,9 g5]al ,section #agi7;b7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$ by       
r$esignat+ p>agraph 7#f7 z p>agraph 7#g7
 & by ins]t+ aft] p>agraph 7#e7 ! foll[+
 new p>agraph3  7#f7 ,increas$          
limitation = f>m+ prop]ty ,not)/&+      
p>agraph 7#a71 9 ! case ( any section   
#agi prop]ty plac$ 9 s]vice by ! taxpay]
 9 ! trade or bus9ess ( f>m+1 !         
aggregate co/ ( su* prop]ty :i* may be  
tak5 into acc\nt "u subsection 7a7 = !  
taxable ye> %all n be less ?an an am\nt 
equal to #a1ejj1jjj1 r$uc$ by ! co/ (   
any o!r section #agi prop]ty :i*-- 7,a7 

is tak5 into acc\nt by ! taxpay] "u     
subsection 7a7 = ! taxable ye>1 &  7,b7 
is plac$ 9 s]vice by ! taxpay] 9 a trade
 or bus9ess o!r ?an f>m+4  4  7b7       
,con=m+ am5dm5t ,section #agi7;b77#b7 ( 
su* ,code is am5d$ by /rik+ limitation  
"u p>agraph 7#a7 & ins]t+ limitations "u
 p>agraphs 7#a7 & 7#f74  7c7 ,inflation 
adju/m5t ,section #agi7;b77#g7 ( su*    
,code 7z r$esignat$ by subsection 7a77  
is am5d$ by r$esignat+ subp>agraph 7,b7 
z subp>agraph 7,c7 & by ins]t+ aft]     
subp>agraph 7,a7 ! foll[+ new           
subp>agraph3  7,b7 ,f>m+ prop]ty        
limitation ,9 ! case ( any taxable ye>  
beg9n+ aft] #bjbe1 ! doll> am\nt 9      
p>agraph 7#f7 %all be increas$ 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> #bjbd = 
cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 
!re(4  4  7d7 ,effective date ,!        
am5dm5ts made by ?is section %all apply 

to prop]ty plac$ 9 s]vice aft] ,decemb] 
#ca1 #bjbd4