The base exemption figure rises to $15,000,000
What the document says“Section 2010(c)(3) is amended-- (1) in subparagraph (A) by striking "$5,000,000" and inserting "$15,000,000",”
The section strikes $5,000,000 in subparagraph (A) of section 2010(c)(3) of the Internal Revenue Code of 1986 and inserts $15,000,000, strikes 2011 and inserts 2026 in the matter preceding clause (i) of subparagraph (B), strikes calendar year 2010 and inserts calendar year 2025 in clause (ii) of that subparagraph, and strikes subparagraph (C).
What the document actually says“Section 2010(c)(3) is amended-- (1) in subparagraph (A) by striking "$5,000,000" and inserting "$15,000,000",”
The figure $5 million is taken out. The figure $15 million is put in.
Two base years also move forward. One goes from 2011 to 2026. One goes from 2010 to 2025. A third subparagraph is struck out.
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