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Full Text of this Amendment

SA 3362. Mr. WARNER submitted an amendment intended to be proposed to amendment SA 3336 proposed by Mr. Baucus to the bill H.R. 4213, to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes; which was ordered to lie on the table; as follows:

After section 131, insert the following:
SEC. 131A. INCREASE IN ALTERNATIVE SIMPLIFIED RESEARCH CREDIT.
(a) Increased Credit.--Paragraph (5) of section 41(c) (relating to election of alternative simplified credit) is amended--
(1) by striking "14 percent (12 percent in the case of taxable years ending before January 1, 2009)" in subparagraph (A) and inserting "17 percent", and
(2) by striking "6 percent" in subparagraph (B)(ii) and inserting "8.5 percent".
(b) Effective Date.--The amendments made by this section shall apply to amounts paid or incurred after December 31, 2009.


(As printed in the Congressional Record for the Senate on Mar 3, 2010.)