S.Amdt. 2644
What it does: 3 changes: replaces text in 3 places
Sen. Blanche L. Lincoln (D-AR)What it changes
3 changes to S. 1637
Change 1: Rewrites page 177, lines 13–16
ReplacesPrinted pageRemoves page 177, lines 13–16 of the printed bill. See that page
Inserted: (I) Special rule.--In the case of a net operating loss for any taxable year ending after December 31, 2002, and before February 1, 2004, subparagraph (A)(i) shall be applied by substituting '3' for '2'.
Original wording
On page 177, strike lines 13 through 16, and insert the following:
Change 2: Rewrites page 178, lines 9–15
ReplacesPrinted pageRemoves page 178, lines 9–15 of the printed bill. See that page
Inserted: (1) In general.--Section 56(d)(1)(A)(ii)(I) (relating to general rule defining alternative tax net operating loss deduction) is amended--
Inserted: (A) by striking "or 2002" and inserting ", 2002, or after December 31, 2002, and before February 1, 2004,", and
Inserted: (B) by striking "and 2002" and inserting ", 2002, and after December 31, 2002, and before February 1, 2004".
Original wording
On page 178, strike lines 9 through 15, and insert the following:
Change 3: Replaces “during 2003” with “after December 31, 2002, and before February 1, 2004”
[struck: during 2003][inserted: after December 31, 2002, and before February 1, 2004]Original wording
On page 179, line 17, strike “during 2003” and inserting “after December 31, 2002, and before February 1, 2004”.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2644. Mrs. LINCOLN submitted an amendment intended to be proposed by her to the bill S. 1637, to amend the Internal Revenue Code of 1986 to comply with the World Trade Organization rulings on the FSC/ETI benefit in a manner that preserves jobs and production activities in the United States, to reform and simplify the international taxation rules of the United States, and for other purposes; which was ordered to lie on the table; as follows:
On page 177, strike lines 13 through 16, and insert the following:
“(I) Special rule.--In the case of a net operating loss for any taxable year ending after December 31, 2002, and before February 1, 2004, subparagraph (A)(i) shall be applied by substituting ‘3' for ‘2'.”.
On page 178, strike lines 9 through 15, and insert the following:
(1) In general.--Section 56(d)(1)(A)(ii)(I) (relating to general rule defining alternative tax net operating loss deduction) is amended--
(A) by striking “or 2002” and inserting “, 2002, or after December 31, 2002, and before February 1, 2004,”, and
(B) by striking “and 2002” and inserting “, 2002, and after December 31, 2002, and before February 1, 2004”.
On page 179, line 17, strike “during 2003” and inserting “after December 31, 2002, and before February 1, 2004”.
Legislative Activity
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Senate amendment submitted
March 3, 2004