[House Prints 115-39]
[From the U.S. Government Publishing Office]



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					NOVEMBER 10, 2017

				RULES  COMMITTEE  PRINT  115-39

			   TEXT OF  H. R. 1, TAX  CUTS AND JOBS ACT

		[Showing the text of  H.  R.  1  as  ordered reported by  the
			   Committee on  Ways and Means]





1  SECTION 1. SHORT TITLE;  ETC.

2          (a)  SHORT  TITLE. - This Act may  be cited  as  the

3  ï¿½ï¿½Tax Cuts and Jobs Actï¿½ï¿½.

4          (b) AMENDMENT  OF  1986 CODE. - Except  as other-

5  wise expressly provided, whenever in this Act an amend-

6  ment  or repeal  is expressed in terms  of an  amendment

7  to, or repeal of, a section or other provision, the reference

8  shall be considered to be made to a section or other provi-

9  sion of the Internal Revenue Code of 1986.

10          (c) TABLE OF  CONTENTS. - The table of contents for

11  this Act is as follows:



    Sec. 1.  Short title; etc.

		   TITLE  I - TAX REFORM  FOR  INDIVIDUALS

       Subtitle  A - Simplification and Reform of Rates,  Standard  Deduction, and
Exemptions

Sec. 1001.  Reduction and simplification of individual income tax rates. Sec. 1002.  Enhancement of 
standard  deduction.
Sec. 1003.  Repeal of deduction for personal exemptions.
Sec. 1004.  Maximum rate on business income of individuals.
Sec. 1005.  Conforming amendments  related  to  simplification of individual in- come tax rates.

      Subtitle  B - Simplification and Reform of Family and Individual Tax Credits

Sec. 1101.  Enhancement of child tax credit and new family tax credit. Sec. 1102.  Repeal of 
nonrefundable credits.
Sec. 1102. Repeal of nonrefundable credits.


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g:\VHLC\111017\111017.002.xml          (680325|6) November 10, 2017 (12:15 p.m.)