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S.Amdt. 644Senate108th Congress (2003-2005)

To extend certain expiring provisions.

What it does: Adds TITLE VII--EXTENSIONS OF CERTAIN EXPIRING PROVISIONS at the end of the bill
Sponsored by Max BaucusSen. Max Baucus (D-MT)
Submitted May 15, 2003

What it changes

1 change to S. 1054 · shown in the bill's text

Adds a section
Modified · May 16, 2003Submitted · May 15, 2003

  1. Adds TITLE VII--EXTENSIONS OF CERTAIN EXPIRING PROVISIONS at the end of the bill

    Adds a title

    In S. 1054 · Placed on Calendar Senate

    (2) Title III (other than section 362).

    Inserted: TITLE VII--EXTENSIONS OF CERTAIN EXPIRING PROVISIONS

    Inserted: Subtitle A--Extensions of Expiring Provisions SEC. 701. PARITY IN THE APPLICATION OF CERTAIN LIMITS TO MENTAL HEALTH BENEFITS.

    Inserted: (a) In General.--Subsection (f) of section 9812 is amended by striking "2003" and inserting "2004".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to plan years beginning after December 31, 2002.

    Inserted: SEC. 702. ALLOWANCE OF NONREFUNDABLE PERSONAL CREDITS AGAINST REGULAR AND MINIMUM TAX LIABILITY.

    Inserted: (a) In General.--Paragraph (2) of section 26(a) is amended--

    Inserted: (1) by striking "rule for 2000, 2001, 2002, and 2003.--" and inserting "rule for 2000, 2001, 2002, 2003, and 2004.--", and

    Inserted: (2) by striking "during 2000, 2001, 2002, or 2003," and inserting "during 2000, 2001, 2002, 2003, or 2004".

    Inserted: (b) Conforming Amendments.--

    Inserted: (1) Section 904(h) is amended by striking "during 2000, 2001, 2002, or 2003" and inserting "during 2000, 2001, 2002, 2003, or 2004".

    Inserted: (2) The amendments made by sections 201(b), 202(f), and 618(b) of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to taxable years beginning during 2004.

    Inserted: (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2002.

    Show 57 more inserted paragraphs

    Inserted: SEC. 703. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.

    Inserted: (a) In General.--Subparagraphs (A), (B), and (C) of section 45(c)(3) are each amended by striking "2004" and inserting "2005".

    Inserted: (b) Effective Date.--The amendments made by subsection (a) shall apply to facilities placed in service after December 31, 2002.

    Inserted: SEC. 704. WORK OPPORTUNITY CREDIT.

    Inserted: (a) In General.--Subparagraph (B) of section 51(c)(4) is amended by striking "2003" and inserting "2004".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2002.

    Inserted: SEC. 705. WELFARE-TO-WORK CREDIT.

    Inserted: (a) In General.--Subsection (f) of section 51A is amended by striking "2003" and inserting "2004".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2002.

    Inserted: SEC. 706. TAXABLE INCOME LIMIT ON PERCENTAGE DEPLETION FOR OIL AND NATURAL GAS PRODUCED FROM MARGINAL PROPERTIES.

    Inserted: (a) In General.--Subparagraph (H) of section 613A(c)(6) is amended by striking "2004" and inserting "2005".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2002.

    Inserted: SEC. 707. QUALIFIED ZONE ACADEMY BONDS.

    Inserted: (a) In General.--Paragraph (1) of section 1397E(e) is amended by striking "2000, 2001, 2002, and 2003" and inserting "2000, 2001, 2002, 2003, and 2004".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to obligations issued after the date of the enactment of this Act.

    Inserted: SEC. 708. COVER OVER OF TAX ON DISTILLED SPIRITS.

    Inserted: (a) In General.--Paragraph (1) of section 7652(f) is amended by striking "January 1, 2004" and inserting "January 1, 2005".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to articles brought into the United States after December 31, 2002.

    Inserted: SEC. 709. DEDUCTION FOR CORPORATE DONATIONS OF COMPUTER TECHNOLOGY.

    Inserted: (a) Extension of Deduction.--Section 170(e)(6)(G) (relating to termination) is amended by striking "December 31, 2003" and inserting "December 31, 2004".

    Inserted: (b) Effective Date.--The amendments made by this section shall apply to contributions made after December 31, 2002.

    Inserted: SEC. 710. CREDIT FOR QUALIFIED ELECTRIC VEHICLES.

    Inserted: (a) In General.--Section 30 is amended--

    Inserted: (1) in subsection (b)(2)--

    Inserted: (A) by striking "December 31, 2003," and inserting "December 31, 2004,", and

    Inserted: (B) in subparagraphs (A), (B), and (C), by striking "2004", "2005", and "2006", respectively, and inserting "2005", "2006", and "2007", respectively.

    Inserted: (2) in subsection (e), by striking "December 31, 2006" and inserting "December 31, 2007".

    Inserted: (b) Conforming Amendments.--Clause (iii) of section 280F(a)(1)(C) is amended by striking "2007" and inserting "2008".

    Inserted: (c) Effective Date.--The amendments made by this section shall apply to property placed in service after December 31, 2002.

    Inserted: SEC. 711. DEDUCTION FOR CLEAN-FUEL VEHICLES AND CERTAIN REFUELING PROPERTY.

    Inserted: (a) In General.--Section 179A is amended--

    Inserted: (1) in subsection (b)(1)(B)--

    Inserted: (A) by striking "December 31, 2003," and inserting "December 31, 2004,", and

    Inserted: (B) in clauses (i), (ii), and (iii), by striking "2004", "2005", and "2006", respectively, and inserting "2005", "2006", and "2007", respectively, and

    Inserted: (2) in subsection (f), by striking "December 31, 2006" and inserting "December 31, 2007".

    Inserted: (b) Effective Date.--The amendments made by subsection (a) shall apply to property placed in service after December 31, 2002.

    Inserted: SEC. 712. DEDUCTION FOR CERTAIN EXPENSES OF SCHOOL TEACHERS.

    Inserted: (a) In General.--Subparagraph (D) of section 62(a)(2) is amended by striking "during 2002 or 2003" and inserting "during 2002, 2003, or 2004".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2002.

    Inserted: SEC. 713. AVAILABILITY OF MEDICAL SAVINGS ACCOUNTS.

    Inserted: (a) In General.--Paragraphs (2) and (3)(B) of section 220(i) (defining cut-off year) are each amended by striking "2003" each place it appears and inserting "2004".

    Inserted: (b) Conforming Amendments.--

    Inserted: (1) Paragraph (2) of section 220(j) is amended by striking "1998, 1999, 2001, or 2002" each place it appears and inserting "1998, 1999, 2001, 2002, or 2003".

    Inserted: (2) Subparagraph (A) of section 220(j)(4) is amended by striking "and 2002" and inserting "2002, and 2003".

    Inserted: (c) Effective Date.--The amendments made by this section shall take effect on January 1, 2003.

    Inserted: SEC. 714. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.

    Inserted: (a) Extension of Termination Date.--Subsection (h) of section 198 is amended by striking "2003" and inserting "2004".

    Inserted: (b) Effective Date.--The amendments made by this section shall apply to expenditures paid or incurred after December 31, 2002.

    Inserted: SEC. 715. DISTRICT OF COLUMBIA INVESTMENT INCENTIVES.

    Inserted: (a) In General.--The following provisions are amended by striking "2003" each place it appears and inserting "2004":

    Inserted: (1) Section 1400(f ).

    Inserted: (2) Section 1400A(b).

    Inserted: (b) Zero Capital Gains Rate.--Section 1400B (relating to zero percent capital gains rate) is amended by striking "2004" each place it appears and inserting "2005".

    Inserted: (c) Extension of DC Homebuyer Credit.--Section 1400C(i) (relating to application of section) is amended by striking "2004" and inserting "2005".

    Inserted: Subtitle B--Delay of Dividend Exclusion SEC. 721. DELAY OF DIVIDEND EXCLUSION.

    Inserted: (a) In General.--Subparagraph (B) of section 116(a)(2) (relating to partial exclusion of dividend received by individuals), as added by section 201 of this Act, is amended by striking "2007" and inserting "2009".

    Inserted: (b) Effective Date.--The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2003.

    Original wording

    At the end, insert the following:

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

As printed

SA 644. Mr. BAUCUS (for himself and Mr. Grassley) submitted an amendment intended to be proposed by him to the bill S. 1054, to provide for reconciliation pursuant to section 201 of the concurrent resolution on the budget for fiscal year 2004; as follows:

At the end, insert the following:

TITLE VII--EXTENSIONS OF CERTAIN EXPIRING PROVISIONS

Subtitle A--Extensions of Expiring Provisions SEC. 701. PARITY IN THE APPLICATION OF CERTAIN LIMITS TO MENTAL HEALTH BENEFITS.

(a) In General.--Subsection (f) of section 9812 is amended by striking “2003” and inserting “2004”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to plan years beginning after December 31, 2002.

SEC. 702. ALLOWANCE OF NONREFUNDABLE PERSONAL CREDITS AGAINST REGULAR AND MINIMUM TAX LIABILITY.

(a) In General.--Paragraph (2) of section 26(a) is amended--

(1) by striking “rule for 2000, 2001, 2002, and 2003.--” and inserting “rule for 2000, 2001, 2002, 2003, and 2004.--”, and

(2) by striking “during 2000, 2001, 2002, or 2003,” and inserting “during 2000, 2001, 2002, 2003, or 2004”.

(b) Conforming Amendments.--

(1) Section 904(h) is amended by striking “during 2000, 2001, 2002, or 2003” and inserting “during 2000, 2001, 2002, 2003, or 2004”.

(2) The amendments made by sections 201(b), 202(f), and 618(b) of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to taxable years beginning during 2004.

(c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2002.

SEC. 703. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.

(a) In General.--Subparagraphs (A), (B), and (C) of section 45(c)(3) are each amended by striking “2004” and inserting “2005”.

(b) Effective Date.--The amendments made by subsection (a) shall apply to facilities placed in service after December 31, 2002.

SEC. 704. WORK OPPORTUNITY CREDIT.

(a) In General.--Subparagraph (B) of section 51(c)(4) is amended by striking “2003” and inserting “2004”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2002.

SEC. 705. WELFARE-TO-WORK CREDIT.

(a) In General.--Subsection (f) of section 51A is amended by striking “2003” and inserting “2004”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2002.

SEC. 706. TAXABLE INCOME LIMIT ON PERCENTAGE DEPLETION FOR OIL AND NATURAL GAS PRODUCED FROM MARGINAL PROPERTIES.

(a) In General.--Subparagraph (H) of section 613A(c)(6) is amended by striking “2004” and inserting “2005”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2002.

SEC. 707. QUALIFIED ZONE ACADEMY BONDS.

(a) In General.--Paragraph (1) of section 1397E(e) is amended by striking “2000, 2001, 2002, and 2003” and inserting “2000, 2001, 2002, 2003, and 2004”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to obligations issued after the date of the enactment of this Act.

SEC. 708. COVER OVER OF TAX ON DISTILLED SPIRITS.

(a) In General.--Paragraph (1) of section 7652(f) is amended by striking “January 1, 2004” and inserting “January 1, 2005”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to articles brought into the United States after December 31, 2002.

SEC. 709. DEDUCTION FOR CORPORATE DONATIONS OF COMPUTER TECHNOLOGY.

(a) Extension of Deduction.--Section 170(e)(6)(G) (relating to termination) is amended by striking “December 31, 2003” and inserting “December 31, 2004”.

(b) Effective Date.--The amendments made by this section shall apply to contributions made after December 31, 2002.

SEC. 710. CREDIT FOR QUALIFIED ELECTRIC VEHICLES.

(a) In General.--Section 30 is amended--

(1) in subsection (b)(2)--

(A) by striking “December 31, 2003,” and inserting “December 31, 2004,”, and

(B) in subparagraphs (A), (B), and (C), by striking “2004”, “2005”, and “2006”, respectively, and inserting “2005”, “2006”, and “2007”, respectively.

(2) in subsection (e), by striking “December 31, 2006” and inserting “December 31, 2007”.

(b) Conforming Amendments.--Clause (iii) of section 280F(a)(1)(C) is amended by striking “2007” and inserting “2008”.

(c) Effective Date.--The amendments made by this section shall apply to property placed in service after December 31, 2002.

SEC. 711. DEDUCTION FOR CLEAN-FUEL VEHICLES AND CERTAIN REFUELING PROPERTY.

(a) In General.--Section 179A is amended--

(1) in subsection (b)(1)(B)--

(A) by striking “December 31, 2003,” and inserting “December 31, 2004,”, and

(B) in clauses (i), (ii), and (iii), by striking “2004”, “2005”, and “2006”, respectively, and inserting “2005”, “2006”, and “2007”, respectively, and

(2) in subsection (f), by striking “December 31, 2006” and inserting “December 31, 2007”.

(b) Effective Date.--The amendments made by subsection (a) shall apply to property placed in service after December 31, 2002.

SEC. 712. DEDUCTION FOR CERTAIN EXPENSES OF SCHOOL TEACHERS.

(a) In General.--Subparagraph (D) of section 62(a)(2) is amended by striking “during 2002 or 2003” and inserting “during 2002, 2003, or 2004”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2002.

SEC. 713. AVAILABILITY OF MEDICAL SAVINGS ACCOUNTS.

(a) In General.--Paragraphs (2) and (3)(B) of section 220(i) (defining cut-off year) are each amended by striking “2003” each place it appears and inserting “2004”.

(b) Conforming Amendments.--

(1) Paragraph (2) of section 220(j) is amended by striking “1998, 1999, 2001, or 2002” each place it appears and inserting “1998, 1999, 2001, 2002, or 2003”.

(2) Subparagraph (A) of section 220(j)(4) is amended by striking “and 2002” and inserting “2002, and 2003”.

(c) Effective Date.--The amendments made by this section shall take effect on January 1, 2003.

SEC. 714. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.

(a) Extension of Termination Date.--Subsection (h) of section 198 is amended by striking “2003” and inserting “2004”.

(b) Effective Date.--The amendments made by this section shall apply to expenditures paid or incurred after December 31, 2002.

SEC. 715. DISTRICT OF COLUMBIA INVESTMENT INCENTIVES.

(a) In General.--The following provisions are amended by striking “2003” each place it appears and inserting “2004”:

(1) Section 1400(f ).

(2) Section 1400A(b).

(b) Zero Capital Gains Rate.--Section 1400B (relating to zero percent capital gains rate) is amended by striking “2004” each place it appears and inserting “2005”.

(c) Extension of DC Homebuyer Credit.--Section 1400C(i) (relating to application of section) is amended by striking “2004” and inserting “2005”.

Subtitle B--Delay of Dividend Exclusion SEC. 721. DELAY OF DIVIDEND EXCLUSION.

(a) In General.--Subparagraph (B) of section 116(a)(2) (relating to partial exclusion of dividend received by individuals), as added by section 201 of this Act, is amended by striking “2007” and inserting “2009”.

(b) Effective Date.--The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2003.

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Amendment SA 644, previously agreed to as modified, was modified further by Unanimous Consent. (consideration: CR S6738-6741)

May 20, 2003

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Amendment SA 644, previously agreed to as modified, was modified further by Unanimous Consent. (consideration: CR S6738-6741)

May 20, 2003

Floor

Senate amendment submitted

May 15, 2003

Floor

Senate amendment proposed (on the floor): Amendment SA 644 proposed by Senator Baucus.(consideration: CR S6451-6456)

May 15, 2003

Floor

Senate amendment agreed to: Amendment SA 644 as modified agreed to in Senate by Unanimous Consent.(text as modified: CR S6454)

May 15, 2003

Floor

Amendment SA 644 proposed by Senator Baucus. (consideration: CR S6451-6456) To extend certain expiring provisions.

May 15, 2003

Floor

Amendment SA 644 as modified agreed to in Senate by Unanimous Consent. (text as modified: CR S6454)

May 15, 2003