,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #efa  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bj1 #bjbe,mr4
 ,bacon introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to e/abli% a d$uction =  
c]ta9 ov]time paym5ts4  #a4 ,%ort title 
,?is ,act may be cit$ z ! ,ov]time ,pay 
,tax ,relief ,act ( #bjbe4  #b4         
,d$uction = ov]time comp5sation  7a7 ,9 
g5]al  7#a7 ,d$uction all[$ ,"p ,,vii ( 
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by       
r$esignat+ section #bbd z section #bbe &
 by ins]t+ aft] section #bbc ! foll[+   
new section3  #bbd4 ,ov]time comp5sation
  7a7 ,9 g5]al ,!re %all be all[$ z a   
d$uction an am\nt equal to s mu* ( any  
ov]time comp5sation receiv$ by an       
individual z does n exce$ #bj p]c5t (   
su* individual's o!r wages f ! same     
employ] = ! taxable ye>4  7b7 ,ov]time  
comp5sation ,= purposes ( ?is section1 !
 t]m ov]time comp5sation means ov]time  

comp5sation requir$ "u section #g ( !   
,fair ,labor ,/&>ds ,act ( #aich4  7c7  
,limitation ,no d$uction %all be all[$  
"u subsection 7a7 = any taxpay] ^:      
adju/$ gross income = ! taxable ye>     
exce$s-- 7#a7 9 ! case ( a m>ri$ c\ple  
fil+ jo9tly1 #bjj1jjj1  7#b7 9 ! case ( 
a head ( h\sehold1 #aej1jjj1 or  7#c7 9 
! case ( any o!r individual1 #ajj1jjj4  
7d7 ,t]m9ation ,no d$uction %all be     
all[$ "u subsection 7a7 = any am\nts    
receiv$ aft] ,decemb] #ca1 #bjbi4  4    
7#b7 ,con=m+ am5dm5t ,! table ( sections
 = "p ,,vii ( sub*apt] ,b ( *apt] #a (  
su* ,code is am5d$ by r$esignat+ ! item 
relat+ to section #bbd z relat+ to      
section #bbe & by ins]t+ aft] ! item    
relat+ to section #bbc ! foll[+ new     
item3  ,sec4 #bbd4 ,ov]time paym5ts4  4 
7b7 ,d$uction all[$ to non-,itemiz]s    
,section #fc7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf 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 #bbd4 
4  7c7 ,non-,application ( c]ta9        
limitations = itemiz]s  7#a7 ,d$uction n
 treat$ z a miscellane\s itemiz$        
d$uction ,section #fg7;b7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
& at ! end ( p>agraph 7#aa71 by /rik+ ! 
p]iod at ! end ( p>agraph 7#ab7 & ins]t+
 1 &1 & by add+ at ! end ! foll[+ new   
p>agraph3  7#ac7 ! d$uction "u section  
#bbd 7relat+ to ov]time comp5sation74  4
  7#b7 ,d$uction n tak5 into acc\nt "u  
ov]all limitation ,section #fh7;c7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ & at ! end ( p>agraph 7#b71 by 
/rik+ ! p]iod at ! end ( p>agraph 7#c7 &
 ins]t+ 1 &1 & by add+ at ! end ! foll[+
 new p>agraph3  7#d7 ! d$uction "u      
section #bbd 7relat+ to ov]time         
comp5sation74  4  7d7 ,)hold+ ,!        
,secret>y ( ! ,treasury 7or !           
,secret>y's delegate7 %all modify !     
tables & proc$ures prescrib$ "u section 
#cdjb7;a7 ( ! ,int]nal ,rev5ue ,code (  
#aihf to take into acc\nt ! d$uction    

all[$ "u section #bbd ( su* ,code 7z    
add$ by ?is ,act74  7e7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to am\nts receiv$ aft] ! date ( ! 
enactm5t ( ?is ,act4