115 HR 6760 RH: Protecting Family and Small Business Tax Cuts Act of 2018 U.S. House of Representatives 2018-09-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IB Union Calendar No. 746 115th CONGRESS2d Session H. R. 6760 [Report No. 115–958] IN THE HOUSE OF REPRESENTATIVES September 10, 2018 Mr. Rodney Davis of Illinois (for himself, Mr. Meadows, Mr. Walker, Mr. Brady of Texas, Mr. Sam Johnson of Texas, Mr. Nunes, Mr. Reichert, Mr. Roskam, Mr. Buchanan, Mr. Smith of Nebraska, Ms. Jenkins of Kansas, Mr. Paulsen, Mr. Marchant, Mrs. Black, Mr. Reed, Mr. Kelly of Pennsylvania, Mr. Renacci, Mrs. Noem, Mr. Holding, Mr. Smith of Missouri, Mr. Rice of South Carolina, Mr. Schweikert, Mrs. Walorski, Mr. Curbelo of Florida, Mr. Bishop of Michigan, Mr. LaHood, and Mr. Wenstrup) introduced the following bill; which was referred to the Committee on Ways and Means September 24, 2018Additional sponsors: Mrs. Blackburn, Mr. Mitchell, Mr. Sessions, Mr. Estes of Kansas, Mr. Abraham, Mr. Marshall, Mr. Kinzinger, Mr. Banks of Indiana, Mr. Chabot, Mr. Stivers, Mr. Guthrie, Mr. Arrington, Mr. Allen, and Mr. Gianforte September 24, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on September 10, 2018 A BILL To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals, families, and small businesses.

1.

Short title, etc

(a)

Short title

This Act may be cited as the Protecting Family and Small Business Tax Cuts Act of 2018. (b)

Amendment of 1986 code

Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c)

References to the Tax Cuts and Jobs Act

Title I of Public Law 115–97 may be cited as the Tax Cuts and Jobs Act. (d)

Table of contents

The table of contents of this Act is as follows: Sec. 1. Short title, etc. Title I—Individual reform made permanent Subtitle A—Rate reform Sec. 101. Modification of rates. Subtitle B—Deduction for qualified business income of pass-thru entities Sec. 111. Deduction for qualified business income. Sec. 112. Limitation on losses for taxpayers other than corporations. Subtitle C—Tax benefits for families and individuals Sec. 121. Increase in standard deduction. Sec. 122. Increase in and modification of child tax credit. Sec. 123. Increased limitation for certain charitable contributions. Sec. 124. Increased contributions to ABLE accounts. Sec. 125. Rollovers to ABLE programs from 529 programs. Sec. 126. Treatment of certain individuals performing services in the Sinai Peninsula of Egypt. Sec. 127. Extension of reduction in threshold for medical expense deduction. Subtitle D—Education Sec. 131. Treatment of student loans discharged on account of death or disability. Subtitle E—Deductions and exclusions Sec. 141. Repeal of deduction for personal exemptions. Sec. 142. Limitation on deduction for State and local, etc. taxes. Sec. 143. Limitation on deduction for qualified residence interest. Sec. 144. Modification of deduction for personal casualty losses. Sec. 145. Termination of miscellaneous itemized deductions. Sec. 146. Repeal of overall limitation on itemized deductions. Sec. 147. Termination of exclusion for qualified bicycle commuting reimbursement. Sec. 148. Qualified moving expense reimbursement exclusion limited to members of Armed Forces. Sec. 149. Deduction for moving expenses limited to members of Armed Forces. Sec. 150. Limitation on wagering losses. Subtitle F—Increase in estate and gift tax exemption Sec. 151. Increase in estate and gift tax exemption. Title II—Increased exemption for Alternative Minimum Tax made permanent Sec. 201. Increased exemption for individuals.

September 24, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed