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S.Amdt. 2686Senate108th Congress (2003-2005)

To accelerate the phasein of the deduction relating to income attributable to domestic production activities.

What it does: Strikes page 71, lines 17–21
Sponsored by Jim BunningSen. Jim Bunning (R-KY)
Submitted March 4, 2004

What it changes

1 change to S. 1637

Strikes text
Proposed · Mar 4, 2004Submitted · Mar 4, 2004

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  1. Strikes page 71, lines 17–21

    StrikesPrinted page

    Removes page 71, lines 17–21 of the printed bill. See that page

    Original wording

    On page 71, strike lines 17 through 21

Shown as written

and the matter before line 22, and insert the following:

“(2) Phasein.--In the case of taxable years beginning in 2004, 2005, 2006, 2007, or 2008, paragraph (1) shall be applied by substituting for the percentage contained therein the transition percentage determined under the following table: “Taxable years The transition beginning in: percentage is: 2004, 2005, or 2006................................................. 5 2007................................................................ 6 2008................................................................ 7.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed

SA 2686. Mr. BUNNING (for himself, Ms. Stabenow, Mrs. Feinstein, Mr. Levin, Mr. Kohl, and Mr. Rockefeller) proposed an amendment 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; as follows:

On page 71, strike lines 17 through 21, and the matter before line 22, and insert the following:

“(2) Phasein.--In the case of taxable years beginning in 2004, 2005, 2006, 2007, or 2008, paragraph (1) shall be applied by substituting for the percentage contained therein the transition percentage determined under the following table:

“Taxable years The transition

beginning in: percentage is:

2004, 2005, or 2006................................................. 5

2007................................................................ 6

2008................................................................ 7.

Congressional RecordPDF

Legislative Activity

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6 earlier actions
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Senate amendment agreed to: Amendment SA 2686 agreed to in Senate by Unanimous Consent.

March 22, 2004

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Senate amendment agreed to: Amendment SA 2686 agreed to in Senate by Unanimous Consent.

March 22, 2004

Floor

Considered by Senate. (consideration: CR S2842, S2852, S2853)

March 22, 2004

Floor

Amendment SA 2686 agreed to in Senate by Unanimous Consent.

March 22, 2004

Floor

By Unanimous Consent, Amendment SA 2686, previously agreed to as amended by Amendment SA 2687, was modified to reflect the amendment as having been agreed to without amendment.

March 22, 2004

Floor

Senate amendment submitted

March 4, 2004

Floor

Senate amendment proposed (on the floor): Amendment SA 2686 proposed by Senator Bunning.(consideration: CR S2211; text: CR S2211)

March 4, 2004

Floor

Amendment SA 2686 proposed by Senator Bunning. (consideration: CR S2211; text: CR S2211) To accelerate the phasein of the deduction relating to income attributable to domestic production activities.

March 4, 2004

Amendments

1 amendment

Offered to this amendment