lows ‘‘January 1, 2026’’ and inserting ‘‘, foreign real prop-
erty taxes (other than such taxes paid or accrued in car-
rying on a trade or business or an activity described in 
section 212) shall not be taken into account under sub-
section (a)(1).’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
SEC. 3. INCREASE IN DEDUCTION FOR CERTAIN EXPENSES 
OF ELEMENTARY AND SECONDARY SCHOOL 
TEACHERS. 
(a) INCREASE.—Section 62(a)(2)(D) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘$250’’ and 
inserting ‘‘$1,000’’. 
(b) CONFORMING AMENDMENTS.—Section 62(d)(3) 
of the Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘2015’’ and inserting ‘‘2019’’; 
(2) by striking ‘‘$250’’ and inserting ‘‘$1,000’’; 
and 
(3) in subparagraph (B), by striking ‘‘2014’’ 
and inserting ‘‘2018’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
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SEC. 4. ABOVE-THE-LINE DEDUCTION ALLOWED FOR CER-
TAIN EXPENSES OF FIRST RESPONDERS. 
(a) IN GENERAL.—Section 62(a)(2) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new subparagraph: 
‘‘(F) CERTAIN
EXPENSES
OF
FIRST
RE-
SPONDERS.—The deductions allowed by section 
162 which consist of expenses, not in excess of 
$1,000, paid or incurred by a first responder— 
‘‘(i) as tuition or fees for the partici-
pation of the first responder in profes-
sional development courses related to serv-
ice as a first responder; or 
‘‘(ii) for uniforms used by the first re-
sponder in service as a first responder.’’. 
(b) FIRST RESPONDER DEFINED.—Section 62(d) of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new paragraph: 
‘‘(4) FIRST RESPONDER.—For purposes of sub-
section (a)(2)(F), the term ‘first responder’ means, 
with respect to any taxable year, any individual who 
is employed as a law enforcement officer, firefighter, 
paramedic, or emergency medical technician for at 
least 1,000 hours during such taxable year.’’. 
(c) INFLATION ADJUSTMENT.—Section 62(d)(3) of 
the Internal Revenue Code of 1986, as amended by section 
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4, is further amended by striking ‘‘the $1,000 amount in 
subsection (a)(2)(D)’’ and inserting ‘‘the $1,000 amount 
in each of subparagraphs (D) and (F) of subsection 
(a)(2)’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
SEC. 5. INCREASE OF TOP MARGINAL INDIVIDUAL INCOME 
TAX RATE UNDER TEMPORARY RULES. 
(a) IN GENERAL.—The tables contained in subpara-
graphs (A), (B), (C), (D), and (E) of section 1(j)(2) of 
the Internal Revenue Code of 1986 are each amended by 
striking ‘‘37%’’ and inserting ‘‘39.6%’’ and— 
(1) in subparagraph (A)— 
(A) by striking ‘‘$600,000’’ each place 
such term appears and inserting ‘‘$479,000’’; 
and 
(B) by striking ‘‘$161,379’’ and inserting 
‘‘$119,029’’; 
(2) in subparagraph (B)— 
(A) by striking ‘‘$500,000’’ each place 
such term appears and inserting ‘‘$452,400’’; 
and 
(B) by striking ‘‘$149,298’’ and inserting 
‘‘$132,638’’; 
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(3) in subparagraph (C)— 
(A) by striking ‘‘$500,000’’ each place 
such term appears and inserting ‘‘$425,800’’; 
and 
(B) by striking ‘‘$150,689.50’’ and insert-
ing ‘‘$124,719.50’’; and 
(4) in subparagraph (D)— 
(A) by striking ‘‘$300,000’’ each place 
such term appears and inserting ‘‘$239,500’’; 
and 
(B) by striking ‘‘$80,689.50’’ and insert-
ing ‘‘$59,514.50’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 1(j)(4)(B)(iii) of the Internal Rev-
enue Code of 1986 is amended— 
(A) in the matter preceding subclause (I), 
by striking ‘‘37 percent’’ and inserting ‘‘39.6 
percent’’; 
(B) in subclause (II), by striking ‘‘37-per-
cent bracket’’ and inserting ‘‘39.6-percent 
bracket’’; and 
(C) in the heading, by striking ‘‘37-PER-
CENT BRACKET’’ and inserting ‘‘39.6-PERCENT 
BRACKET’’. 
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(2) Section 1(j)(4)(C) of such Code is amend-
ed— 
(A) in clause (i)(II), by striking ‘‘para-
graph (5)(B)(i)(IV)’’ and inserting ‘‘paragraph 
(5)(B)(iv)’’; and 
(B) by amending clause (ii) to read as fol-
lows: 
‘‘(ii) the amount which would (without 
regard to this paragraph) be taxed at a 
rate below 39.6 percent shall not be more 
than the sum of— 
‘‘(I) the earned taxable income of 
such child, plus 
‘‘(II) 
the 
maximum 
dollar 
amount for the 35-percent rate brack-
et for estates and trusts.’’. 
(3) The heading of section 1(j)(5) of such Code 
is amended to read as follows: ‘‘APPLICATION OF 
ZERO PERCENT CAPITAL GAIN RATE BRACKETS’’. 
(4) Subparagraphs (A) and (B) of section 
1(j)(5) of such Code are amended to read as follows: 
‘‘(A) 
IN
GENERAL.—Subsection 
(h)(1)(B)(i) shall be applied by substituting 
‘below the maximum zero rate amount’ for 
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‘which would (without regard to this paragraph) 
be taxed at a rate below 25 percent’. 
‘‘(B) MAXIMUM ZERO RATE AMOUNT DE-
FINED.—For purposes of subparagraph (A), the 
term ‘maximum zero rate amount’ means— 
‘‘(i) in the case of a joint return or 
surviving spouse, $77,200; 
‘‘(ii) in the case of an individual who 
is a head of household (as defined in sec-
tion 2(b)), $51,700; 
‘‘(iii) in the case of any other indi-
vidual (other than an estate or trust), an 
amount equal to 1⁄2 of the amount in effect 
for the taxable year under clause (i); and 
‘‘(iv) in the case of an estate or trust, 
$2,600.’’. 
(5) Section 1(j)(5)(C) of such Code is amended 
by striking ‘‘clauses (i) and (ii) of’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2020. 
(d) SECTION 15 NOT TO APPLY.—Section 15 of the 
Internal Revenue Code of 1986 shall not apply to any 
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change in a rate of tax by reason of any amendment made 
by this section. 
Æ 
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