inserting section 217(c)(3) . (2) Section 7872(f) is amended by striking paragraph (11). (3) Section 217 is amended in the heading by striking Moving expenses and inserting Certain moving expenses of members of Armed Forces . (4) The table of sections for part VII of subchapter B of chapter 1 is amended by striking the item relating to section 217 and inserting the following new item: Sec. 217. Certain moving expenses of members of Armed Forces. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. 150. Limitation on wagering losses (a) In general Section 165(d) is amended by striking in the case of taxable years beginning after December 31, 2017, and before January 1, 2026, . (b) Effective date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act. F Increase in estate and gift tax exemption 151. Increase in estate and gift tax exemption (a) In general Section 2010(c)(3) is amended in subparagraph (A), by striking $5,000,000 and inserting $10,000,000 . (b) Conforming amendment Section 2010(c)(3) is amended by striking subparagraph (C). (c) Effective date The amendments made by this section shall apply to estates of decedents dying and gifts made after the date of the enactment of this Act. II Increased exemption for Alternative Minimum Tax made permanent 201. Increased exemption for individuals (a) In general Section 55(d)(1) is amended— (1) by striking $78,750 in subparagraph (A) and inserting $109,400 , and (2) by striking $50,600 in subparagraph (B) and inserting $70,300 . (b) Phase-Out of exemption amount Section 55(d)(2) is amended— (1) by striking $150,000 in subparagraph (A) and inserting $1,000,000 , and (2) by striking subparagraphs (B) and (C) and by inserting the following new subparagraphs: (B) 50 percent of the dollar amount applicable under subparagraph (A) in the case of a taxpayer described in paragraph (1)(B) or (1)(C), and (C) $75,000 in the