Page 38 - Tax Reform

131 STAT. 2088 PUBLIC LAW 115–97—DEC. 22, 2017

26 USC 165 note. (b) EFFECTIVE DATE.—The amendment made by this section
shall apply to losses incurred in taxable years beginning after
December 31, 2017.
SEC. 11045. SUSPENSION OF MISCELLANEOUS ITEMIZED DEDUCTIONS.
26 USC 67. (a) IN GENERAL.—Section 67 is amended by adding at the
end the following new subsection:
‘‘(g) SUSPENSION FOR TAXABLE YEARS 2018 THROUGH 2025.—
Notwithstanding subsection (a), no miscellaneous itemized deduc-
tion shall be allowed for any taxable year beginning after December
31, 2017, and before January 1, 2026.’’.
26 USC 67 note. (b) EFFECTIVE DATE.—The amendment made by this section
shall apply to taxable years beginning after December 31, 2017.
SEC. 11046. SUSPENSION OF OVERALL LIMITATION ON ITEMIZED
DEDUCTIONS.
(a) IN GENERAL.—Section 68 is amended by adding at the
end the following new subsection:
‘‘(f) SECTION NOT TO APPLY.—This section shall not apply to
any taxable year beginning after December 31, 2017, and before
January 1, 2026.’’.
26 USC 68 note. (b) EFFECTIVE DATE.—The amendments made by this section
shall apply to taxable years beginning after December 31, 2017.
SEC. 11047. SUSPENSION OF EXCLUSION FOR QUALIFIED BICYCLE
COMMUTING REIMBURSEMENT.
(a) IN GENERAL.—Section 132(f) is amended by adding at the
end the following new paragraph:
‘‘(8) SUSPENSION OF QUALIFIED BICYCLE COMMUTING
REIMBURSEMENT EXCLUSION.—Paragraph (1)(D) shall not apply
to any taxable year beginning after December 31, 2017, and
before January 1, 2026.’’.
26 USC 132 note. (b) EFFECTIVE DATE.—The amendment made by this section
shall apply to taxable years beginning after December 31, 2017.
SEC. 11048. SUSPENSION OF EXCLUSION FOR QUALIFIED MOVING
EXPENSE REIMBURSEMENT.
(a) IN GENERAL.—Section 132(g) is amended—
(1) by striking ‘‘For purposes of this section, the term’’
and inserting ‘‘For purposes of this section—
‘‘(1) IN GENERAL.—The term’’, and
(2) by adding at the end the following new paragraph:
‘‘(2) SUSPENSION FOR TAXABLE YEARS 2018 THROUGH 2025.—
Except in the case of a member of the Armed Forces of the
United States on active duty who moves pursuant to a military
order and incident to a permanent change of station, subsection
(a)(6) shall not apply to any taxable year beginning after
December 31, 2017, and before January 1, 2026.’’.
26 USC 132 note. (b) EFFECTIVE DATE.—The amendments made by this section
shall apply to taxable years beginning after December 31, 2017.
SEC. 11049. SUSPENSION OF DEDUCTION FOR MOVING EXPENSES.
(a) IN GENERAL.—Section 217 is amended by adding at the
end the following new subsection:
‘‘(k) SUSPENSION OF DEDUCTION FOR TAXABLE YEARS 2018
dkrause on DSKBC28HB2PROD with PUBLAWS VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00036 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097
THROUGH 2025.—Except in the case of an individual to whom
subsection (g) applies, this section shall not apply to any taxable