S.Amdt. 2904

SA 2904. Mr. BOND submitted an amendment intended to be proposed by him 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 64, of Senate amendment no. 2645, as agreed to, strike lines 23 through 25, and insert the following:

(c) Effective Dates.--

(1) In general.--The amendment made by subsection (a) shall apply to transactions after December 31, 2003.

(2) Liquidations.--The amendment made by subsection (b)(1)(B) shall apply to liquidations after December 31, 2003.