S.Amdt. 1764

SA 1764. Mr. ISAKSON 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 end of section 13221, add the following:
(e) Special Rules for Original Issue Discount.--
Notwithstanding subsection (c), in the case of income from a
debt instrument having original issue discount--
(1) the amendments made by this section shall apply to
taxable years beginning after December 31, 2018, and
(2) the period for taking into account any adjustments
under section 481 by reason of a qualified change in method
of accounting (as defined in subsection (d)) shall be 6
years.
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