S.Amdt. 2616Senate109th Congress (2005-2007)

To accelerate marriage penalty relief for the earned income tax credit, to extend the election to include combat pay in earned income, and to make modifications of effective dates of leasing provisions of the American Jobs Creation Act of 2004.

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Senate amendment submitted

November 17, 2005

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Senate amendment submitted

November 17, 2005

Floor

Senate amendment proposed (on the floor): Amendment SA 2616 proposed by Senator Kerry.(consideration: CR S13131-13132; text: CR S13131)

November 17, 2005

Floor

Roll call votes on amendments in Senate: Motion to waive the Budget Act with respect to amendment SA 2616 rejected in Senate by Yea-Nay Vote. 55 - 43. Record Vote Number: 344.

November 17, 2005

Floor

Amendment SA 2616 proposed by Senator Kerry. (consideration: CR S13131-13132; text: CR S13131) To accelerate marriage penalty relief for the earned income tax credit, to extend the election to include combat pay in earned income, and to make modifications of effective dates of leasing provisions of the American Jobs Creation Act of 2004.

November 17, 2005

Floor

Point of order raised in Senate with respect to amendment SA 2616.

November 17, 2005

Floor

Motion to waive the Budget Act with respect to amendment SA 2616 rejected in Senate by Yea-Nay Vote. 55 - 43. Record Vote Number: 344.

November 17, 2005

Floor

Amendment SA 2616 ruled out of order by the chair.

November 17, 2005

Votes

1 roll call on this amendment

SENATE

Roll Call Available

November 17, 2005 at 11:00 PM

On the Motion (Motion to Waive CBA Kerry Amdt. No. 2616)

Majority required: 3/5 (60%)

Failed

55 - 43

Text

Submitted

Proposed · Nov 18, 2005 Submitted · Nov 17, 2005

Formatted text PDF

SA 2616. Mr. KERRY (for himself and Mr. Obama) submitted an amendment
intended to be proposed by him to the bill S. 2020, to provide for
reconciliation pursuant to section 202(b) of the concurrent resolution
on the budget for fiscal year 2006; as follows:

On page 235, between lines 13 and 14, insert the following:

SEC. __. ACCELERATION OF MARRIAGE PENALTY RELIEF WITH RESPECT
TO THE EARNED INCOME TAX CREDIT.

(a) In General.--Subparagraph (B) of section 32(b)(2)
(relating to joint returns) is amended--
(1) in clause (ii) by striking ``, 2006, and 2007'', and
(2) in clause (iii) by striking ``2007'' and inserting
``2005''.
(b) Inflation Amount.--Section 32(j)(1)(B)(ii) is amended
by striking ``calendar year 2007'' and inserting ``calendar
year 2005''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2005.

SEC. __. EXTENSION OF ELECTION TO INCLUDE COMBAT PAY IN
EARNED INCOME.

(a) In General.--Subclause (II) of section 32(c)(2)(B)(vi)
(relating to earned income) is amended by striking ``January
1, 2006'' and inserting ``January 1, 2008''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2005.

[[Page S13212]]

SEC. ___. MODIFICATIONS OF EFFECTIVE DATES OF LEASING
PROVISIONS OF THE AMERICAN JOBS CREATION ACT OF
2004.

(a) In General.--Section 849(b) of the American Jobs
Creation Act of 2004 is amended by adding at the end the
following new paragraph:
``(5) Leases to foreign entities.--In the case of tax-
exempt use property leased to a tax-exempt entity which is a
foreign person or entity, the amendments made by this part
shall apply to taxable years beginning after December 31,
2004, with respect to leases entered into on or before March
12, 2004.''.
(b) Effective Date.--The amendments made by this section
shall take effect as if included in the enactment of the
American Jobs Creation Act of 2004.
______