Sec. 5206. Excise tax based on investment income of private colleges and uni-
versities. 
Subtitle D—Requirements for Organizations Exempt From Tax 
Sec. 5301. Repeal of tax-exempt status for professional sports leagues. 
Sec. 5302. Repeal of exemption from tax for certain insurance companies and 
co-op health insurance issuers. 
Sec. 5303. In-State requirement for workmen’s compensation insurance organi-
zation. 
Sec. 5304. Repeal of Type II and Type III supporting organizations. 
TITLE VI—TAX ADMINISTRATION AND COMPLIANCE 
Subtitle A—IRS Investigation-Related Reforms 
Sec. 6001. Organizations required to notify Secretary of intent to operate as 
501(c)(4). 
Sec. 6002. Declaratory judgments for 501(c)(4) organizations. 
Sec. 6003. Restriction on donation reporting for certain 501(c)(4) organiza-
tions. 
Sec. 6004. Mandatory electronic filing for annual returns of exempt organiza-
tions. 
Sec. 6005. Duty to ensure that IRS employees are familiar with and act in ac-
cord with certain taxpayer rights. 
Sec. 6006. Termination of employment of IRS employees for taking official ac-
tions for political purposes. 
Sec. 6007. Release of information regarding the status of certain investigations. 
Sec. 6008. Review of IRS examination selection procedures. 
Sec. 6009. IRS employees prohibited from using personal email accounts for of-
ficial business. 
Sec. 6010. Moratorium on IRS conferences. 
Sec. 6011. Applicable standard for determinations of whether an organization 
is operated exclusively for the promotion of social welfare. 
Subtitle B—Taxpayer Protection and Service Reforms 
Sec. 6101. Extension of IRS authority to require truncated Social Security 
numbers on Form W–2. 
Sec. 6102. Free electronic filing. 
Sec. 6103. Pre-populated returns prohibited. 
Sec. 6104. Form 1040SR for seniors. 
Sec. 6105. Increased refund and credit threshold for Joint Committee on Tax-
ation review of C corporation return. 
Subtitle C—Tax Return Due Date Simplification 
Sec. 6201. Due dates for returns of partnerships, S corporations, and C cor-
porations. 
Sec. 6202. Modification of due dates by regulation. 
Sec. 6203. Corporations permitted statutory automatic 6-month extension of in-
come tax returns. 
Subtitle D—Compliance Reforms 
Sec. 6301. Penalty for failure to file. 
Sec. 6302. Penalty for failure to file correct information returns and provide 
payee statements. 
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Sec. 6303. Clarification of 6-year statute of limitations in case of overstatement 
of basis. 
Sec. 6304. Reform of rules related to qualified tax collection contracts. 
Sec. 6305. 100 percent continuous levy on payments to Medicare providers and 
suppliers. 
Sec. 6306. Treatment of refundable credits for purposes of certain penalties. 
TITLE VII—EXCISE TAXES 
Sec. 7001. Repeal of medical device excise tax. 
Sec. 7002. Modifications relating to oil spill liability trust fund. 
Sec. 7003. Modification relating to inland waterways trust fund financing rate. 
Sec. 7004. Excise tax on systemically important financial institutions. 
Sec. 7005. Clarification of orphan drug exception to annual fee on branded pre-
scription pharmaceutical manufacturers and importers. 
TITLE VIII—DEADWOOD AND TECHNICAL PROVISIONS 
Subtitle A—Repeal of Deadwood 
Sec. 8001. Repeal of Puerto Rico economic activity credit. 
Sec. 8002. Repeal of making work pay credit. 
Sec. 8003. General business credit. 
Sec. 8004. Environmental tax. 
Sec. 8005. Annuities; certain proceeds of endowment and life insurance con-
tracts. 
Sec. 8006. Unemployment compensation. 
Sec. 8007. Flexible spending arrangements. 
Sec. 8008. Certain combat zone compensation of members of the armed forces. 
Sec. 8009. Qualified group legal services plans. 
Sec. 8010. Certain reduced uniformed services retirement pay. 
Sec. 8011. Great plains conservation program. 
Sec. 8012. State legislators’ travel expenses away from home. 
Sec. 8013. Treble damage payments under the antitrust law. 
Sec. 8014. Phase-in of limitation on investment interest. 
Sec. 8015. Charitable, etc., contributions and gifts. 
Sec. 8016. Amortizable bond premium. 
Sec. 8017. Repeal of deduction for clean-fuel vehicles and certain refueling 
property. 
Sec. 8018. Repeal of deduction for capital costs incurred in complying with en-
vironmental protection agency sulfur regulations. 
Sec. 8019. Activities not engaged in for profit. 
Sec. 8020. Dividends received on certain preferred stock; and dividends paid on 
certain preferred stock of public utilities. 
Sec. 8021. Acquisitions made to evade or avoid income tax. 
Sec. 8022. Distributions of property. 
Sec. 8023. Effect on earnings and profits. 
Sec. 8024. Basis to corporations. 
Sec. 8025. Tax credit employee stock ownership plans. 
Sec. 8026. Employee stock purchase plans. 
Sec. 8027. Transition rules. 
Sec. 8028. Limitation on deductions for certain farming. 
Sec. 8029. Deductions limited to amount at risk. 
Sec. 8030. Passive activity losses and credits limited. 
Sec. 8031. Adjustments required by changes in method of accounting. 
Sec. 8032. Exemption from tax on corporations, certain trusts, etc. 
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Sec. 8033. Requirements for exemption. 
Sec. 8034. Repeal of special treatment for religious broadcasting company. 
Sec. 8035. Repeal of exclusion of gain or loss from disposition of brownfield 
property. 
Sec. 8036. Accumulated taxable income. 
Sec. 8037. Certain provisions related to depletion. 
Sec. 8038. Amounts received by surviving annuitant under joint and survivor 
annuity contract. 
Sec. 8039. Income taxes of members of armed forces on death. 
Sec. 8040. Special rules for computing reserves. 
Sec. 8041. Insurance company taxable income. 
Sec. 8042. Capitalization of certain policy acquisition expenses. 
Sec. 8043. Repeal of provision on expatriation to avoid tax. 
Sec. 8044. Repeal of certain transition rules on income from sources without 
United States. 
Sec. 8045. Repeal of Puerto Rico and possession tax credit. 
Sec. 8046. Basis of property acquired from decedent. 
Sec. 8047. Property on which lessee has made improvements. 
Sec. 8048. Involuntary conversion. 
Sec. 8049. Property acquired during affiliation. 
Sec. 8050. Repeal of special holding period rules for certain commodity futures 
transactions. 
Sec. 8051. Holding period of property. 
Sec. 8052. Property used in the trade or business and involuntary conversions. 
Sec. 8053. Sale of patents. 
Sec. 8054. Gain from disposition of farmland. 
Sec. 8055. Transition rules related to the treatment of amounts received on re-
tirement or sale or exchange of debt instruments. 
Sec. 8056. Certain rules with respect to debt instruments issued before July 2, 
1982. 
Sec. 8057. Certain rules with respect to stripped bonds purchased before July 
2, 1982. 
Sec. 8058. Amount and method of adjustment. 
Sec. 8059. Old-age, survivors, and disability insurance. 
Sec. 8060. Hospital insurance. 
Sec. 8061. Ministers, members of religious orders, and christian science practi-
tioners. 
Sec. 8062. Affiliated group defined. 
Sec. 8063. Credit for state death taxes. 
Sec. 8064. Family-owned business interest. 
Sec. 8065. Property within the united states. 
Sec. 8066. Repeal of deadwood provisions relating to employment taxes. 
Sec. 8067. Luxury passenger automobiles. 
Sec. 8068. Transportation by air. 
Sec. 8069. Taxes on failure to distribute income. 
Sec. 8070. Taxes on taxable expenditures. 
Sec. 8071. Definitions and special rules. 
Sec. 8072. Returns. 
Sec. 8073. Information returns. 
Sec. 8074. Abatements. 
Sec. 8075. Failure by corporation to pay estimated income tax. 
Sec. 8076. Repeal of 2008 recovery rebates. 
Sec. 8077. Repeal of advance payment of portion of increased child credit for 
2003. 
Sec. 8078. Repeal of provisions related to COBRA premium assistance. 
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Sec. 8079. Retirement. 
Sec. 8080. Annuities to surviving spouses and dependent children of judges. 
Sec. 8081. Merchant marine capital construction funds. 
Sec. 8082. Valuation tables. 
Sec. 8083. Definition of employee. 
Sec. 8084. Effective date. 
Subtitle B—Conforming Amendments Related to Multiple Sections 
Sec. 8101. Conforming amendments related to multiple sections. 
TITLE I—TAX REFORM FOR 
INDIVIDUALS 
Subtitle A—Individual Income Tax 
Rate Reform 
SEC. 1001. SIMPLIFICATION OF INDIVIDUAL INCOME TAX 
RATES. 
(a) IN GENERAL.—Section 1 is amended to read as 
follows: 
‘‘SEC. 1. TAX IMPOSED. 
‘‘(a) IN GENERAL.—There is hereby imposed on the 
income of every individual a tax equal to the sum of— 
‘‘(1) 10 PERCENT BRACKET.—10 percent of so 
much of the taxable income as does not exceed the 
25-percent bracket threshold amount, 
‘‘(2) 25 PERCENT BRACKET.—25 percent of so 
much of the taxable income as exceeds the 25-per-
cent bracket threshold amount, plus 
‘‘(3) 35 PERCENT BRACKET.—10 percent of so 
much of the modified adjusted gross income (as de-
fined in section 2) as exceeds the 35-percent bracket 
threshold amount. 
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‘‘(b) BRACKET THRESHOLD AMOUNTS.—For pur-
poses of this section— 
‘‘(1) 
25-PERCENT
BRACKET
THRESHOLD 
AMOUNT.—The term ‘25-percent bracket threshold 
amount’ means— 
‘‘(A) in the case of a joint return or sur-
viving spouse, $71,200, 
‘‘(B) in the case of any other individual 
(other than an estate or trust), one-half of the 
dollar amount in effect under subparagraph 
(A), and 
‘‘(C) in the case of an estate or trust, zero. 
‘‘(2) 
35-PERCENT
BRACKET
THRESHOLD 
AMOUNT.—The term ‘35-percent bracket threshold 
amount’ means— 
‘‘(A) in the case of a joint return or sur-
viving spouse, $450,000, 
‘‘(B) in the case of any other individual 
(other than an estate or trust), $400,000, and 
‘‘(C) in the case of an estate or trust, 
$12,000. 
‘‘(c) INFLATION ADJUSTMENT.— 
‘‘(1) IN GENERAL.—In the case of any taxable 
year beginning after 2014, each dollar amount in 
subsections 
(b)(1)(A), 
(b)(2)(A), 
(b)(2)(B), 
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