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Full Text of this Amendment

SA 220. Mr. COBURN submitted an amendment intended to be proposed by him to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:

At the end of title V, add the following:

SEC. __. ELIMINATING THE TAX CREDIT SUBSIDY OF ETHANOL.
(a) Elimination of Excise Tax Credit or Payment.--

(1) Section 6426(b)(6) of the Internal Revenue Code of 1986 is amended by striking "December 31, 2011" and inserting "the date of the enactment of the SBIR/STTR Reauthorization Act of 2011)".

(2) Section 6427(e)(6)(A) of such Code is amended by striking "December 31, 2011" and inserting "the date of the enactment the SBIR/STTR Reauthorization Act of 2011".

(b) Elimination of Income Tax Credit.--The table contained in section 40(h)(2) of the Internal Revenue Code of 1986 is amended--

(1) by striking "2011" and inserting "the enactment date of the SBIR/STTR Reauthorization Act of 2011",

(2) by adding at the end the following: "After such enactment ..... zero zero".

(c) Repeal of Deadwood.--

(1) Section 40(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (3).

(2) Section 6426(b)(2) of such Code is amended by striking subparagraph (C).

(d) Effective Date.--The amendments made by this section shall apply to any sale, use, or removal for any period after the date of the enactment of the Act.



(As printed in the Congressional Record for the Senate on Mar 15, 2011.)