115TH CONGRESS – 1ST SESSION
H. R. 1
To provide for reconciliation pursuant to title II of the concurrent resolution
on the budget for fiscal year 2018
Summary_of_Chairman_Amendment_2
estimated revenues
SENATE 11.9.17 Chairman’s Mark
Senate Markup for Monday November 13, 2017
I. TAX REFORM FOR INDIVIDUALS …………………………………………………………2
D. Simplification and Reform of Deductions and Exclusions ………………………………….. 23
8. Modification of exclusion of gain from sale of a principal residence …………………… 33
E. Increase in Estate and Gift Tax Exemption ……………………………………………….38
II. ALTERNATIVE MINIMUM TAX REPEAL …………………………………………………….48
1. Repeal of alternative minimum tax ………………………………………………….48
III. BUSINESS TAX REFORM …………………………………………………………………55
TAXATION OF FOREIGN INCOME AND FOREIGN PERSONS …………………………………………… 182
PRESENT LAW ……………………………………………………………………………182
IV. INTERNATIONAL TAX REFORM …………………………………………………………..218