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Full Text of this Amendment

SA 3450. Ms. KLOBUCHAR submitted an amendment intended to be proposed to amendment SA 3397 proposed by Mr. Rockefeller (for himself and Mr. Grassley) to the 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:

In lieu of the matter proposed to be inserted, insert the following:
SEC. 6__. MODIFICATION OF STANDARDS FOR WINDOWS, DOORS, AND SKYLIGHTS WITH RESPECT TO THE CREDIT FOR NONBUSINESS ENERGY PROPERTY.
(a) In General.--Paragraph (4) of section 25C(c) is amended by striking "unless" and all that follows and inserting "unless--
"(A) such component is equal to or below a U factor of 0.30 and SHGC of 0.30, or
"(B) for a credit allowable under subsection (a) applied by substituting `$1,000' for `$1,500' in subsection (b), in the case of--
"(i) any component placed in service after the date which is 90 days after the date of the enactment of the American Workers, State, and Business Relief Act of 2010, such component meets the criteria for such components established by the 2010 Energy Star Program Requirements for Residential Windows, Doors, and Skylights, Version 5.0 (or any subsequent version of such requirements which is in effect after January 4, 2010),
"(ii) in the case of any component placed in service after the date of the enactment of the American Workers, State, and Business Relief Act of 2010 and on or before the date which is 90 days after such date, such component meets the criteria described in subparagraph (A) or is equal to or below a U factor of 0.30 and SHGC of 0.30, and
"(iii) in the case of any component which is a garage door, such component is equal to or below a U factor of 0.30 and SHGC of 0.30.".
(b) Effective Date.--The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.
SEC. 6__. PARTICIPANTS IN GOVERNMENT SECTION 457 PLANS ALLOWED TO TREAT ELECTIVE DEFERRALS AS ROTH CONTRIBUTIONS.
(a) In General.--Section 402A(e)(1) (defining applicable retirement plan) is amended by striking "and" at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting ", and", and by adding at the end the following:
"(C) an eligible deferred compensation plan (as defined in section 457(b)) of an eligible employer described in section 457(e)(1)(A).".
(b) Elective Deferrals.--Section 402A(e)(2) (defining elective deferral) is amended to read as follows:
"(2) ELECTIVE DEFERRAL.--The term `elective deferral' means--
"(A) any elective deferral described in subparagraph (A) or (C) of section 402(g)(3), and
"(B) any elective deferral of compensation by an individual under an eligible deferred compensation plan (as defined in section 457(b)) of an eligible employer described in section 457(e)(1)(A).".
(c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2010.


(As printed in the Congressional Record for the Senate on Mar 9, 2010.)