S.Amdt. 1661

SA 1661. Mr. BROWN submitted an amendment intended to be proposed by
him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. INCREASE INCOME EXCLUSION FOR BENEFITS PROVIDED TO
VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL
RESPONDERS.

(a) In General.--
(1) Applicable dollar limitation.--Section 139B(c)(2)(B) is
amended by striking ``$30'' and inserting ``$100''.
(2) Permanent exclusion.--Section 139B is amended by
striking subsection (d).
(3) Effective date.--The amendments made by this subsection
shall apply to taxable years beginning after December 31,
2017.
(b) Adjustment to Corporate Tax Rate.--
(1) In general.--Section 11(b), as amended by section 13001
of this Act, is amended by striking ``20 percent'' and
inserting ``21 percent''.
(2) Effective date.--The amendments made by this subsection
shall apply to taxable years beginning after December 31,
2018.

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