What it changes

1 change to S.Con.Res. 18

Adds a section
  1. Adds SEC. __. DEFICIT NEUTRAL RESERVE FUND FOR PATRIOTIC EMPLOYERS OF NATIONAL GUARDSMEN AND RESERVISTS on page 40, line 8

    Adds a sectionPrinted page

    Inserted: SEC. __. DEFICIT NEUTRAL RESERVE FUND FOR PATRIOTIC EMPLOYERS OF NATIONAL GUARDSMEN AND RESERVISTS.

    Inserted: In the Senate, if a bill or joint resolution, if an amendment is offered thereto, or if a conference report is submitted thereon, that--

    Inserted: (1) provides a 50 percent tax credit to employers for compensation paid to employees who are on active duty status as members of the Guard or Reserve in order to make up the difference between the employee's civilian pay and military pay; and

    Inserted: (2) provides for employers of 50 or fewer employees who are eligible for the tax credit under paragraph (1) a 50 percent tax credit, not to exceed $12,000, for compensation paid to a worker hired to replace an active duty Guard or Reserve employee;

    Inserted: the chairman of the Committee on the Budget shall adjust the revenue aggregates and other appropriate aggregates, levels, and limits in this resolution to reflect such legislation, to the extent that such legislation would not increase the deficit for fiscal year 2006 and for the period of fiscal years 2006 through 2010.

    Original wording

    On page 40, after line 8 insert the following:

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

As printed

SA 190. Ms. LANDRIEU submitted an amendment intended to be proposed by her to the concurrent resolution S. Con. Res. 18, setting forth the congressional budget for the United States Government for fiscal year 2006 and including the appropriate budgetary levels for fiscal years 2005 and 2007 through 2010; which was ordered to lie on the table; as follows:

On page 40, after line 8 insert the following:

SEC. __. DEFICIT NEUTRAL RESERVE FUND FOR PATRIOTIC EMPLOYERS OF NATIONAL GUARDSMEN AND RESERVISTS.

In the Senate, if a bill or joint resolution, if an amendment is offered thereto, or if a conference report is submitted thereon, that--

(1) provides a 50 percent tax credit to employers for compensation paid to employees who are on active duty status as members of the Guard or Reserve in order to make up the difference between the employee's civilian pay and military pay; and

(2) provides for employers of 50 or fewer employees who are eligible for the tax credit under paragraph (1) a 50 percent tax credit, not to exceed $12,000, for compensation paid to a worker hired to replace an active duty Guard or Reserve employee;

the chairman of the Committee on the Budget shall adjust the revenue aggregates and other appropriate aggregates, levels, and limits in this resolution to reflect such legislation, to the extent that such legislation would not increase the deficit for fiscal year 2006 and for the period of fiscal years 2006 through 2010.

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Senate amendment submitted

March 16, 2005