To provide an incentive to employers to offer group legal plans that provide a benefit for real estate and foreclosure review.

SA 4382. Mrs. LINCOLN (for herself, Mr. Smith, Mr. Kerry, Ms.
Stabenow, and Mr. Levin) submitted an amendment intended to be proposed
by her to the bill H.R. 3221, moving the United States toward greater
energy independence and security, developing innovative new
technologies, reducing carbon emissions, creating green jobs,
protecting consumers, increasing clean renewable energy production, and
modernizing our energy infrastructure, and to amend the Internal
Revenue Code of 1986 to provide tax incentives for the production of
renewable energy and energy conservation; which was ordered to lie on
the table, as follows:

At the end of title III add the following:

SEC. 302. EXCLUSION FOR AMOUNTS RECEIVED UNDER QUALIFIED
GROUP LEGAL SERVICES PLANS RESTORED, EXTENDED,
AND MODIFIED.

(a) Removal of Dollar Limitation.--Section 120(a) of the
Internal Revenue Code of 1986 (relating to exclusion by
employee for contributions and legal services provided by
employer) is amended by striking the last sentence.
(b) Real Estate Matters Emphasized.--Section 120(c) of the
Internal Revenue Code of 1986 (relating to requirements) is
amended by adding at the end the following new paragraph:
``(6) Benefits.--The plan shall provide, at a minimum,
legal services for real estate matters relating to family or
personal residences, including document review of real estate
sales, purchases, closings, mortgages, and foreclosures.''.
(c) Extension.--Section 120(e) of the Internal Revenue Code
of 1986 is amended to read as follows:
``(e) Application.--This section and section 501(c)(20)
shall apply to taxable years beginning after December 31,
2007, and before January 1, 2010.''.
(d) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2007.
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