Code · BILL · 116th Congress · H.R. 22 (Introduced in House) — To amend the Internal Revenue Code of 1986 to make permanent the increase in the standard deduction, the increase in... · Sec. 3

Sec. 3. Elimination of deduction for personal exemptions

114 words·~1 min read·/bill/116/hr/22/ih/section-3

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Section 151(d)(5) of the Internal Revenue Code of 1986 is amended by striking , and before January 1, 2026 . Section 152(d)(1)(B) is amended by inserting after section 151(d)) the following: or, in the case of a taxable year for which the exemption amount is zero, the dollar amount in effect for the taxable year under section 6334(d)(4)(B) . The heading of section 151(d)(5) of such Code is amended by striking and inserting 2018 through 2025 . after 2017 The second sentence of section 6334(d)(4)(C) is amended by striking $100 each place it appears and inserting $50 . The amendments made by this section shall apply to taxable years beginning after December 31, 2017.