S.Amdt. 4416

SA 4416. Ms. CANTWELL (for herself, Mr. Smith, and Mr. Kerry)
submitted an amendment intended to be proposed to amendment SA 4387
submitted by Mr. Dodd (for himself and Mr. Shelby) 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:

On page 82, between lines 7 and 8, insert the following:

SEC. 605. AFFORDABLE HOUSING CREDIT ALLOWED AGAINST
ALTERNATIVE MINIMUM TAX.

(a) In General.--Subparagraph (B) of section 38(c)(4) of
the Internal Revenue Code of 1986 (relating to specified
credits) is amended--
(1) by redesignating clauses (ii), (iii), and (iv) as
clauses (iii), (iv), and (v), respectively, and
(2) by inserting after clause (i) the following new clause:
``(ii) the credit determined under section 42(a),''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after the date of the
enactment of this Act.
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