,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hgee  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ab1 #bjbf,mrs4  
,mill] ( ,we/ ,virg9ia introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to enhance ! qualifi$ bus9ess     
income d$uction = dome/ic manufactur]s1 
& = o!r purposes4  #a4 ,%ort title  ,?is
 ,act may be cit$ z ! ,enhanc$ ,small   
,bus9ess ,gr[? ,act ( #bjbf4  #b4       
,enhanc$ qualifi$ bus9ess income        
d$uction = dome/ic manufactur]s  7a7 ,9 
g5]al ,section #aii;,a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new subsection3  7j7  
,enhanc$ d$uction = qualifi$ dome/ic    
manufactur]s  7#a7 ,9 g5]al ,9 ! case ( 
any qualifi$ dome/ic manufactur]--  7,a7
 subsections 7a77#b7 & 7b77#b77;,a7 %all
 ea* be appli$ by sub/itut+ #cj p]c5t = 
#bj p]c5t1 &  7,b7 subsection           
7b77#b77;,b77i7 %all be appli$ by       
sub/itut+ #ajj p]c5t = #ej p]c5t4  7#b7 

,qualifi$ dome/ic manufactur] ,=        
purposes ( ?is subsection-- 7,a7 ,9     
g5]al ,! t]m qualifi$ dome/ic           
manufactur] means1 ) respect to any     
taxable ye>1 any taxpay] ) respect to   
:om at lea/ #he p]c5t ( ! comb9$        
qualifi$ bus9ess income am\nt = su*     
taxable ye> is d]iv$ f a qualifi$       
dome/ic manufactur+ trade or bus9ess4   
7,b7 ,qualifi$ dome/ic manufactur+ trade
 or bus9ess  7i7 ,9 g5]al ,! t]m        
qualifi$ dome/ic manufactur+ trade or   
bus9ess means any qualifi$ trade or     
bus9ess-- 7,i7 :i* manufactures tangible
 prop]ty1 &  7,,ii7 ) respect to :i* at 
lea/ #bj p]c5t ( ! co/ ( goods sold = ! 
taxable ye> t are allocable to qualifi$ 
gross receipts are attributable to labor
 & ov]head exp5ses incurr$ )9 ! ,unit$  
,/ates 7det]m9$ "u regulations prescrib$
 by ! ,secret>y74  7ii7 ,qualifi$ gross 
receipts ,! t]m qualifi$ gross receipts 
means1 ) respect to any taxable ye>1 !  
gross receipts ( ! taxpay] dur+ su*     
taxable ye> :i* are d]iv$ f any lease1  

r5tal1 lic5se1 sale1 ex*ange1 or o!r    
disposition ( any tangible prop]ty      
ref]r$ to 9 clause 7i77,i74  7#c7       
,regulations ,! ,secret>y %all prescribe
 su* regulations z are necess>y to c>ry 
out ! purposes ( ?is subsection4  4  7b7
 ,taxable income computation modifi$    
,section #aii;,a7e77#a7 ( su* ,code is  
am5d$ by /rik+ %all be comput$ & all t  
foll[s1 & ins]t+ ! foll[+3  %all be     
comput$-- 7,a7 )\t reg>d to section #fh1
  7,b7 )\t reg>d to any d$uction        
all[able "u ?is section1 &  7,c7 9 !    
case ( a taxpay] :o1 ) respect to any   
taxable ye>1 elects to itemize d$uctions
 = su* taxable ye>1 )\t reg>d to any    
d$uction all[able "u section #agj4  4   
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply ) respect to     
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjbe4