The two figures rise to $2,500,000 and $4,000,000
What the document says“in paragraph (1), by striking "$1,000,000" and inserting "$2,500,000", and”
The section strikes $1,000,000 in paragraph (1) of section 179(b) of the Internal Revenue Code of 1986 and inserts $2,500,000, and strikes $2,500,000 in paragraph (2) and inserts $4,000,000.
What the document actually says“in paragraph (1), by striking "$1,000,000" and inserting "$2,500,000", and”
That sentence, in plain words
The figure $1,000,000 is taken out. The figure $2,500,000 is put in.
What this is about
A second figure goes from $2,500,000 to $4,000,000. Both sit in the same rule. What they control is not recorded here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.