An inflation base year moves from 1998 to 1997
What the document says“Clause (ii) of section 132(f)(6)(A) is amended by striking "1998" in clause (ii) and inserting "1997".”
The section strikes 1998 and inserts 1997 in clause (ii) of section 132(f)(6)(A) of the Internal Revenue Code of 1986. It also trims subsection (l) of section 274 by replacing the opening words with Benefits.--No deduction and striking paragraph (2).
What the document actually says“Clause (ii) of section 132(f)(6)(A) is amended by striking "1998" in clause (ii) and inserting "1997".”
The year 1998 is taken out. The year 1997 is put in.
That year is the base for an inflation sum. Moving it back changes the figure. A related rule elsewhere is trimmed too.
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