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![handle is hein.usccsset/usconset49029 and id is 1 raw text is:
105TH CONGRESS REPORT
2d Session J HOUSE OF REPRESENTATIVES 105-739
TAXPAYER RELIEF ACT OF 1998
SEPTEMBER 23, 1998.-Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
Mr. ARCHER, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 4579]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 4579) to provide tax relief for individuals, families, and
farming and other small businesses, to provide tax incentives for
education, to extend certain expiring provisions, and for other pur-
poses, having considered the same, report favorably thereon with
an amendment and recommend that the bill as amended do pass.
CONTENTS
Page
I. Summary and Background.........................................37
A. Purpose and Summary.......................................37
B. Background and Need for Legislation ...........................42
C. Legislative History..........................................42
1. Explanation of the Bill............................................. 43
Title I. Individual and Family Tax Relief Provisions ...... ............ 43
A. Marriage Penalty Tax Relief (sec. 101) ............ ........... 43
B. Partial Exclusion for Interest and Dividends (sec. 102) ............ 45
C. Treatment of Personal Credits Under the Individual Mini-
mum Tax (sec. 103) ...................................... 46
D. Increase Deduction for Health Insurance Expenses of Self-
Employed Individuals (sec. 104) ........................... 47
E. Exclusion of Gain on the Sale of a Principal Residence by
a Member of the Uniformed Service or the Foreign Service
of the United States (sec. 105) ................................ 48
F. Acceleration of Increased Exemption From Estate and Gift
Tax (sec. 106) ................................... ....... 49
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