,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #efa  ,,in ,,the ,,house ,,of   
,,representatives  ,january #bj1        
#bjbe,mr4 ,bacon introduced the         
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to establish a deduction
 for certain overtime payments4  #a4    
,short title ,this ,act may be cited as 
the ,overtime ,pay ,tax ,relief ,act of 
#bjbe4  #b4 ,deduction for overtime     
compensation  7a7 ,in general  7#a7     
,deduction allowed ,part ,,vii of       
subchapter ,b of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by redesignating section #bbd as
 section #bbe and by inserting after    
section #bbc the following new section3 
#bbd4 ,overtime compensation  7a7 ,in   
general ,there shall be allowed as a    
deduction an amount equal to so much of 
any overtime compensation received by an
 individual as does not exceed #bj      
percent of such individual's other wages

 from the same employer for the taxable 
year4  7b7 ,overtime compensation ,for  
purposes of this section1 the term      
overtime compensation means overtime    
compensation required under section #g  
of the ,fair ,labor ,standards ,act of  
#aich4  7c7 ,limitation ,no deduction   
shall be allowed under subsection 7a7   
for any taxpayer whose adjusted gross   
income for the taxable year exceeds--   
7#a7 in the case of a married couple    
filing jointly1 #bjj1jjj1  7#b7 in the  
case of a head of household1 #aej1jjj1  
or  7#c7 in the case of any other       
individual1 #ajj1jjj4  7d7 ,termination 
,no deduction shall be allowed under    
subsection 7a7 for any amounts received 
after ,december #ca1 #bjbi4  4  7#b7    
,conforming amendment ,the table of     
sections for part ,,vii of subchapter ,b
 of chapter #a of such ,code is amended 
by redesignating the item relating to   
section #bbd as relating to section #bbe
 and by inserting after the item        
relating to section #bbc the following  

new item3  ,sec4 #bbd4 ,overtime        
payments4  4  7b7 ,deduction allowed to 
non-,itemizers ,section #fc7;b7 of the  
,internal ,revenue ,code of #aihf is    
amended by striking and at the end of   
paragraph 7#c71 by striking the period  
at the end of paragraph 7#d7 and        
inserting and1 and by adding at the end 
the following new paragraph3  7#e7 the  
deduction provided in section #bbd4  4  
7c7 ,non-,application of certain        
limitations for itemizers  7#a7         
,deduction not treated as a             
miscellaneous itemized deduction        
,section #fg7;b7 of the ,internal       
,revenue ,code of #aihf is amended by   
striking and at the end of paragraph    
7#aa71 by striking the period at the end
 of paragraph 7#ab7 and inserting 1 and1
 and by adding at the end the following 
new paragraph3  7#ac7 the deduction     
under section #bbd 7relating to overtime
 compensation74  4  7#b7 ,deduction not 
taken into account under overall        
limitation ,section #fh7;c7 of the      

,internal ,revenue ,code of #aihf is    
amended by striking and at the end of   
paragraph 7#b71 by striking the period  
at the end of paragraph 7#c7 and        
inserting 1 and1 and by adding at the   
end the following new paragraph3  7#d7  
the deduction under section #bbd        
7relating to overtime compensation74  4 
7d7 ,withholding ,the ,secretary of the 
,treasury 7or the ,secretary's delegate7
 shall modify the tables and procedures 
prescribed under section #cdjb7;a7 of   
the ,internal ,revenue ,code of #aihf to
 take into account the deduction allowed
 under section #bbd of such ,code 7as   
added by this ,act74  7e7 ,effective    
date ,the amendments made by this       
section shall apply to amounts received 
after the date of the enactment of this 
,act4