The figures rise to $7,500 and $3,750
What the document says“Section 129(a)(2)(A) is amended by striking "$5,000 ($2,500" and inserting "$7,500 ($3,750".”
The section strikes the figures $5,000 and $2,500 in section 129(a)(2)(A) of the Internal Revenue Code of 1986 and inserts $7,500 and $3,750.
What the document actually says“Section 129(a)(2)(A) is amended by striking "$5,000 ($2,500" and inserting "$7,500 ($3,750".”
That sentence, in plain words
The figures $5,000 and $2,500 are taken out. The figures $7,500 and $3,750 are put in.
What this is about
The smaller figure is half of the larger one. 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.