[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4296 Introduced in House (IH)]

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114th CONGRESS
  1st Session
                                H. R. 4296

 To amend the Internal Revenue Code of 1986 to increase the deduction 
 for host families of foreign exchange and other students from $50 per 
                        month to $400 per month.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 18, 2015

    Mr. Bishop of Utah (for himself and Mr. Crowley) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the deduction 
 for host families of foreign exchange and other students from $50 per 
                        month to $400 per month.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Youth Exchange Support Act of 
2015''.

SEC. 2. INCREASE IN CHARITABLE DEDUCTION FOR AMOUNTS PAID TO MAINTAIN 
              CERTAIN STUDENTS AS MEMBERS OF TAXPAYER'S HOUSEHOLD.

    (a) In General.--Section 170(g)(2)(A) of the Internal Revenue Code 
of 1986 (relating to amounts paid to maintain certain students as 
members of taxpayer's household) is amended by striking ``$50'' and 
inserting ``$400''.
    (b) Adjustment for Inflation.--Section 170(g) of such Code is 
amended by adding at the end the following new paragraph:
            ``(5) Adjustment for inflation.--
                    ``(A) In general.--In the case of any taxable year 
                beginning in a calendar year after 2016, the $400 
                amount contained in paragraph (2)(A) shall be increased 
                by an amount equal to--
                            ``(i) $400, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins 
                        by substituting `calendar year 2015' for 
                        `calendar year 1992' in subparagraph (B) 
                        thereof.
                    ``(B) Rounding.--If any increase determined under 
                subparagraph (A) is not a multiple of $10, such 
                increase shall be rounded to the next highest multiple 
                of $10.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2015.
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