,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #caah  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #cj1 #bjbe,mr4 
,moran introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ a d$uction =     
qualifi$ ov]time comp5sation4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,no    
,tax on ,ov]time ,act4  #b4 ,no tax on  
ov]time  7a7 ,d$uction all[$ ,"p ,,vii (
 sub*apt] ,b ( *apt] #a is am5d$ by     
r$esignat+ section #bbd z section #bbe &
 by ins]t+ aft] section #bbc ! foll[+   
new section3  #bbd4 ,qualifi$ ov]time   
comp5sation  7a7 ,9 g5]al ,!re %all be  
all[$ z a d$uction an am\nt equal to !  
qualifi$ ov]time comp5sation receiv$    
dur+ ! taxable ye>4  7b7 ,limitations   
7#a7 ,maximum h\rs ,= purposes ( det]m9+
 ! am\nt ( ! d$uction all[$ "u          
subsection 7a71 ! am\nt ( qualifi$      
ov]time comp5sation tak5 into acc\nt "u 
subsection 7a7 = any taxable ye> %all n 
exce$ ! am\nt ( su* comp5sation :i*     

relates to n m ?an #cjj h\rs ( s]vice4  
7#b7 ,jo9t returns ,9 ! case ( a jo9t   
return1 p>agraphs 7#a7 & 7#b7 %all be   
appli$ sep>ately ) respect to ! qualifi$
 ov]time comp5sation ( ea* sp\se4  7#c7 
,phase\t bas$ on modifi$ adju/$ gross   
income ,! am\nt ( ! d$uction "u         
subsection 7a7 7aft] ! application (    
p>agraphs 7#a71 7#b71 & 7#c77 %all be   
r$uc$ by #ajj = e #a1jjj by :i* !       
modifi$ adju/$ gross income ( ! taxpay] 
= ! taxable ye> exce$s #ajj1jjj         
7#bjj1jjj1 9 ! case ( a jo9t return74   
7#d7 ,modifi$ adju/$ gross income ,=    
purposes ( ?is subsection1 ! t]m modifi$
 adju/$ gross income means ! adju/$     
gross income ( ! taxpay] = ! taxable ye>
 increas$ by any am\nt exclud$ f gross  
income "u section #iaa1 #ica1 or #icc4  
7c7 ,qualifi$ ov]time comp5sation ,=    
purposes ( ?is section1 ! t]m qualifi$  
ov]time comp5sation means ov]time       
comp5sation paid to an individual       
requir$ "u section #g ( ! ,fair ,labor  
,/&>ds ,act ( #aich t is 9 excess ( !   

regul> rate 7z us$ 9 su* section7 at :i*
 su* individual is employ$4  7d7 ,social
 security numb] requir$ ,no d$uction    
%all be all[$ "u ?is section ) respect  
to qualifi$ ov]time comp5sation unless !
 taxpay] includes ! social security     
numb] 7z def9$ 9 section #bd7;h77#g77 ( 
! individual to :om su* comp5sation 0   
paid on ! return ( tax = ! taxable ye>4 
4  7b7 ,d$uction all[$ to non-,itemiz]s 
,section #fc7;b7 is am5d$ by /rik+ & at 
! end ( p>agraph 7#c71 by /rik+ ! p]iod 
at ! end ( p>agraph 7#d7 & ins]t+ &1 &  
by add+ at ! end ! foll[+ new p>agraph3 
7#e7 ! d$uction provid$ 9 section #bbe4 
4  7c7 ,requirem5t ,to include ov]time  
comp5sation on ,w-#b ,section #fjea7;a7 
is am5d$ by /rik+ & at ! end ( p>agraph 
7#af71 by /rik+ ! p]iod at ! end (      
p>agraph 7#ag7 & ins]t+ 1 &1 & by ins]t+
 aft] p>agraph 7#ag7 ! foll[+ new       
p>agraph3  7#ah7 ! total am\nt (        
qualifi$ ov]time comp5sation 7z def9$ 9 
section #bbe7;c774  4  7d7 ,omission (  
correct social security numb] treat$ z  

ma!matical or cl]ical error ,section    
#fbac7;g77#b7 is am5d$ by /rik+ & at !  
end ( subp>agraph 7,u71 by /rik+ ! p]iod
 at ! end ( subp>agraph 7,v7 & ins]t+ 1 
&1 & by ins]t+ aft] subp>agraph 7,v7 !  
foll[+ new subp>agraph3  7,w7 an        
omission ( a correct social security    
numb] requir$ "u section #bbe7;d7       
7relat+ to d$uction = qualifi$ ov]time74
  4  7e7 ,cl]ical am5dm5t ,! table (    
sections = "p ,,vii ( sub*apt] ,b (     
*apt] #a is am5d$ by r$esignat+ ! item  
relat+ to section #bbd z an item relat+ 
to section #bbe & by ins]t+ aft] ! item 
relat+ to section #bbc ! foll[+ new     
item3  ,sec4 #bbd4 ,qualifi$ ov]time    
comp5sation4  4  7f7 ,)hold+ ,!         
,secret>y ( ! ,treasury 7or !           
,secret>y's delegate7 %all modify !     
tables & proc$ures prescrib$ "u section 
#cdjb7;a7 to take into acc\nt ! d$uction
 all[$ "u section #bbd 7z add$ by ?is   
,act74  7g7 ,effective date ,! am5dm5ts 
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  

#bjbd4