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MCG24304 RRT S.LC. 2 1 section 225 and by inserting after section 223 the 2 following new section: 3 “SEC. 224. CASH TIPS. 4 “There shall be allowed as a deduction an amount 5 equal to the cash tips received during the taxable year that 6 are included on statements furnished to the employer pur- 7 suant to section 6053(a).”. 8 (2) CONFORMING AMENDMENT.—The table of 9 sections for part VII of subchapter B of chapter 1 10 of such Code is amended by redesignating the item 11 relating to section 224 as relating to section 225 12 and by inserting after the item relating to section 13 223 the following new item: “Sec. 224, Cash tips.”. 14 (b) DEDUCTION ALLOWED TO NON-ITEMIZERS.— 15 Section 63(h) of the Internal Revenue Code of 1986 is 16 amended by striking “and” at the end of paragraph (3), 17 by striking the period at the end of paragraph (4) and 18 inserting “and”, and by adding at the end the following 19 new paragraph: 20 “(5) the deduetion provided in section 224.”. 21 (¢) NON-APPLICATION OF CERTAIN LIMITATIONS 22 FOR ITEMIZERS.— 23 (1) DEDUCTION NOT TREATED AS A MISCELLA- 24 NEOUS ITEMIZED DEDUCTION.—Section 67(b) of the 25 Internal Revenue Code of 1986 is amended by strik-