115

TH

C

ONGRESS

 HOUSE OF REPRESENTATIVES R 

EPORT

 

1st Session

115—___

TAX CUTS AND JOBS ACT  ________, 2017.—Ordered to be printed Mr. Brady of Texas, from the committee of conference, submitted the following CONFERENCE REPORT [To accompany H.R. 1] The committee of conference on the disagreeing votes of the two Houses on the amendment of the Senate to the bill (H.R. 1), to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, having met, after full and free conference, have agreed to recommend and do recommend to their respective Houses as follows: That the House recede from its disagreement to the amendment of the Senate and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment, insert the following:

 

 And the Senate agree to the same.

 

TITLE I

1

SEC. 11000. SHORT TITLE, ETC.

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(a) S

HORT

T

ITLE

.—This title may be cited as the

3

‘‘Tax Cuts and Jobs Act’’.

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(b) A 

MENDMENT OF

1986 C

ODE

.—Except as other-

5

 wise expressly provided, whenever in this title an amend-

6

ment or repeal is expressed in terms of an amendment

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

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

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sion of the Internal Revenue Code of 1986.

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Subtitle A—Individual Tax Reform

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PART I—TAX RATE REFORM

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SEC. 11001. MODIFICATION OF RATES.

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(a) I

N

G

ENERAL

.—Section 1 is amended by adding

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at the end the following new subsection:

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‘‘(j) M

ODIFICATIONS FOR

T

 AXABLE

 Y 

EARS

2018

16

T

HROUGH

2025.—

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‘‘(1) I

N GENERAL

.—In the case of a taxable

18

 year beginning after December 31, 2017, and before

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January 1, 2026—

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‘‘(A) subsection (i) shall not apply, and

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