S.Amdt. 3683
What it does: Adds SEC. __. RESTORATION OF PHASEOUT OF PERSONAL EXEMPTIONS AND OVERALL LIMITATION ON ITEMIZED DEDUCTIONS IN ORDER TO FUND ONGOING OPERATIONS IN IRAQ AND AFGHANISTAN wherever appropriate
Sen. Joseph R. Biden Jr. (D-DE)What it changes
1 change to H.R. 4939
Adds SEC. __. RESTORATION OF PHASEOUT OF PERSONAL EXEMPTIONS AND OVERALL LIMITATION ON ITEMIZED DEDUCTIONS IN ORDER TO FUND ONGOING OPERATIONS IN IRAQ AND AFGHANISTAN wherever appropriate
Adds a sectionInserted: SEC. __. RESTORATION OF PHASEOUT OF PERSONAL EXEMPTIONS AND OVERALL LIMITATION ON ITEMIZED DEDUCTIONS IN ORDER TO FUND ONGOING OPERATIONS IN IRAQ AND AFGHANISTAN.
Inserted: (a) Personal Exemptions.--Paragraph (3) of section 151(d) of the Internal Revenue Code of 1986 (relating to exemption amount) is amended by striking subparagraphs (E) and (F).
Inserted: (b) Limitations on Itemized Deductions.--Section 68 of the Internal Revenue Code of 1986 is amended by striking subsections (f) and (g).
Inserted: (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2005.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 3683. Mr. BIDEN submitted an amendment intended to be proposed by him to the bill H.R. 4939, making emergency supplemental appropriations for the fiscal year ending September 30, 2006, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. RESTORATION OF PHASEOUT OF PERSONAL EXEMPTIONS AND OVERALL LIMITATION ON ITEMIZED DEDUCTIONS IN ORDER TO FUND ONGOING OPERATIONS IN IRAQ AND AFGHANISTAN.
(a) Personal Exemptions.--Paragraph (3) of section 151(d) of the Internal Revenue Code of 1986 (relating to exemption amount) is amended by striking subparagraphs (E) and (F).
(b) Limitations on Itemized Deductions.--Section 68 of the Internal Revenue Code of 1986 is amended by striking subsections (f) and (g).
(c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2005.
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Senate amendment submitted
April 27, 2006