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Full Text of this Amendment
At the end of subtitle C of title I, insert the following:
SEC. __X. MODIFICATIONS TO MINE RESCUE TEAM TRAINING CREDIT AND ELECTION TO EXPENSE ADVANCED MINE SAFETY EQUIPMENT.
(a) Mine Rescue Team Training Credit Allowable Against AMT.--Subparagraph (B) of section 38(c)(4) is amended--
(1) by redesignating clauses (vi), (vii), and (viii) as clauses (vii), (viii), and (ix), respectively, and
(2) by inserting after clause (v) the following new clause:
"(vi) the credit determined under section 45N,".
(b) Election to Expense Advanced Mine Safety Equipment Allowable Against AMT.--Subparagraph (C) of section 56(g)(4) is amended by adding at the end the following new clause:
"(vii) SPECIAL RULE FOR ELECTION TO EXPENSE ADVANCED MINE SAFETY EQUIPMENT.--Clause (i) shall not apply to amounts deductible under section 179E.".
(c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2009.
(As printed in the Congressional Record for the Senate on Mar 3, 2010.)