,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #gba  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bd1 #bjbe,mr4
 ,bu*anan 7= himself1 ,mr4 ,fitzpatrick1
 ,ms4 ,malliotakis1 ,mr4 ,c>ey1 ,mr4    
,lawl]1 ,ms4 ,*u1 ,ms4 ,sn*ez1 ,mr4     
,boyle ( ,p5nsylvania1 ,mr4 ,panetta1   
,mr4 ,hors=d1 ,mr4 ,doggett1 ,mr4 ,davis
 ( ,ill9ois1 ,mr4 ,s*neid]1 & ,mr4      
,gomez7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to increase ! adju/$     
gross income limitation = above-!-l9e   
d$uction ( exp5ses ( p]=m+ arti/        
employees1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,p]=m+  
,arti/ ,tax ,p>ity ,act ( #bjbe4  #b4   
,above-!-l9e d$uction ( exp5ses ( p]=m+ 
arti/s  7a7 ,9 g5]al ,section           
#fb7;a77#b77;,b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$-- 7#a7 by /rik+  
p]=m+ arti/s4--,! d$uctions & ins]t+ !  
foll[+3 p]=m+ arti/s4-- 7i7 ,9 g5]al ,! 
d$uctions  1 &  7#b7 by add+ at ! end ! 

foll[+ new clauses3  7ii7 ,phase\t ,!   
am\nt ( exp5ses tak5 into acc\nt "u     
clause 7i7 %all be r$uc$ 7b n bel[ z]o7 
by #aj p]c5tage po9ts = ea* #b1jjj      
7#d1jjj 9 ! case ( a jo9t return71 or   
fraction !re(1 by :i* ! taxpay]'s gross 
income = ! taxable ye> exce$s #ajj1jjj  
7#bjj p]c5t ( su* am\nt 9 ! case ( a    
jo9t return74  7iii7 ,co/-(-liv+        
adju/m5t ,9 ! case ( any taxable ye>    
beg9n+ 9 a cal5d> ye> aft] #bjbe1 !     
#ajj1jjj am\nt "u clause 7ii7 %all be   
increas$ by an am\nt equal to-- 7,i7 su*
 doll> am\nt1 multipli$ by  7,,ii7 !    
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  ,if any     
am\nt aft] adju/m5t "u ! prec$+ s5t5ce  
is n a multiple ( #a1jjj1 su* am\nt %all
 be r\nd$ to ! ne>e/ multiple ( #a1jjj4 
4  7b7 ,cl>ification reg>d+ commission  
paid to p]=m+ arti/'s manag] or ag5t    
,section #fb7;a77#b77;,b77i7 ( su*      

,code1 z am5d$ by subsection 7a71 is    
am5d$ by ins]t+ be=e ! p]iod at ! end ! 
foll[+3 1 includ+ any commission paid to
 ! p]=m+ arti/'s manag] or ag5t4  7c7   
,increase 9 ?re%old = det]m9+ nom9al    
employ]s ,section #fb7;b77#b7 ( su*     
,code is am5d$-- 7#a7 by /rik+ ,an      
individual & ins]t+ ! foll[+3  7,a7 ,9  
g5]al ,an individual  1  7#b7 by /rik+  
#bjj & ins]t+ #ejj1 &  7#c7 by add+ at !
 end ! foll[+ new subp>agraph3  7,b7    
,co/-(-liv+ adju/m5t ,9 ! case ( any    
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjbe1 ! #ejj am\nt "u subp>agraph 7,a7 
%all be increas$ 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  ,if any     
am\nt aft] adju/m5t "u ! prec$+ s5t5ce  
is n a multiple ( #ej1 su* am\nt %all be
 r\nd$ to ! ne>e/ multiple ( #ej4  4    
7d7 ,con=m+ am5dm5ts  7#a7 ,section     

#fb7;a77#b77;,b77i7 ( su* ,code1 z am5d$
 by ! prec$+ provisions ( ?is ,act1 is  
am5d$ by /rik+ by him & ins]t+ by !     
p]=m+ arti/4  7#b7 ,section #fb7;b77#a7 
( su* ,code is am5d$ by ins]t+ & at !   
end ( subp>agraph 7,a71 by /rik+ 1 & at 
! end ( subp>agraph 7,b7 & ins]t+ a     
p]iod1 & by /rik+ subp>agraph 7,c74  7e7
 ,effective date ,! am5dm5ts made by ?is
 section %all apply to taxable ye>s     
beg9n+ aft] ,decemb] #ca1 #bjbd4