2404
HR 3590 EAS/PP
``(2) I
NCOME LIMITATION
.--In the case of a tax-
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able year beginning after December 31, 2002, the dol-
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lar amount in subsection (b)(2)(A) shall be increased
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by an amount equal to--
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``(A) such dollar amount, multiplied by
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``(B) the cost-of-living adjustment deter-
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mined under section 1(f)(3) for the calendar year
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in which the taxable year begins, determined by
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substituting `calendar year 2001' for `calendar
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year 1992' in subparagraph thereof.
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If any amount as increased under the preceding sen-
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tence is not a multiple of $10, such amount shall be
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rounded to the nearest multiple of $10.''.
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(b) C
REDIT
M
ADE
R
EFUNDABLE
.--
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(1) C
REDIT MOVED TO SUBPART RELATING TO
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REFUNDABLE CREDITS
.--The Internal Revenue Code
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of 1986 is amended--
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(A) by redesignating section 23, as amended
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by subsection (a), as section 36C, and
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(B) by moving section 36C (as so redesig-
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nated) from subpart A of part IV of subchapter
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A of chapter 1 to the location immediately before
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section 37 in subpart C of part IV of subchapter
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A of chapter 1.
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(2) C
ONFORMING AMENDMENTS
.--
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