,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #fhgb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ah1         
#bjbe,mr4 ,mack5zie 7= himself & ,mr4   
,mosk[itz7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exclude holiday
 bonuses f gross income1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,holiday ,bonus ,tax       
,relief ,act ( #bjbe4  #b4 ,exclusion f 
gross income ( holiday bonuses  7a7 ,9  
g5]al ,"p ,,iii ( sub*apt] ,b ( *apt] #a
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by ins]t+ aft] section #aci,l !   
foll[+ new section3  #aci,m4 ,qualifi$  
holiday bonuses  7a7 ,9 g5]al ,gross    
income %all n include any qualifi$      
holiday bonus4  7b7 ,limitation  7#a7 ,9
 g5]al ,! am\nt :i* may be exclud$ "u   
subsection 7a7 ) respect to any         
individual %all n exce$ #b1ejj4  7#b7   
,inflation adju/m5t ,9 ! case ( any     
taxable ye> beg9n+ 9 a cal5d> ye> aft]  

#bjbf1 ! #b1ejj am\nt 9 p>agraph 7#a7   
%all be increas$ by an am\nt equal to-- 
7,a7 su* doll> am\nt1 multipli$ by  7,b7
 ! 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> #bjbe = cal5d> ye> 
#bjaf 9 subp>agraph 7,a77ii7 !re(4  ,any
 increase det]m9$ "u ! prec$+ s5t5ce    
%all be r\nd$ to ! ne>e/ multiple (     
#ajj4  7c7 ,qualifi$ holiday bonus ,=   
purposes ( ?is section1 ! t]m qualifi$  
holiday bonus means1 ) respect to a     
taxable ye>1 any holiday1 end-(-ye>1 or 
simil> bonus t is paid by an employ] to 
an employee dur+ ! mon? ( ,janu>y1      
,novemb]1 or ,decemb] ( su* taxable ye>4
  7d7 ,regulations ,! ,secret>y %all    
prescribe su* regulations or o!r        
guidance z may be necess>y to prev5t    
reclassification ( income z a qualifi$  
holiday bonus1 includ+ regulations or   
o!r guidance to prev5t abuse ( !        
exclusion all[$ by ?is section4  4  7b7 
,qualifi$ holiday bonuses requir$ ,to be

 %[n on ,w-#b ,section #fjea7;a7 ( su*  
,code is am5d$ by /rik+ & at ! end (    
p>agraph 7#ah71 by /rik+ ! p]iod at !   
end ( p>agraph 7#ai7 & ins]t+ 1 &1 & by 
ins]t+ aft] p>agraph 7#ai7 ! foll[+ new 
p>agraph3  7#bj7 ! total am\nt (        
qualifi$ holiday bonuses 7z def9$ 9     
section #aci,m7c774  4  7c7 ,cl]ical    
am5dm5t ,! table ( sections = "p ,,iii (
 sub*apt] ,b ( *apt] #a ( su* ,code is  
am5d$ by ins]t+ aft] ! item relat+ to   
section #aci,l ! foll[+ new item3  ,sec4
 #aci,m4 ,qualifi$ holiday bonuses4  4  
7d7 ,effective date ,! am5dm5ts made by 
?is section %all apply to bonuses       
receiv$ on or aft] ,novemb] #a1 #bjbe1 9
 taxable ye>s end+ aft] su* date4