S.Amdt. 4427

SA 4427. Mr. ISAKSON 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 techniques,
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. ___. SUSPENSION OF CERTAIN LIMITATIONS ON PERSONAL
CASUALTY LOSSES.

(a) In General.--Paragraphs (1) and (2)(A) of section
165(h) of the Internal Revenue Code of 1986 shall not apply
to losses described in section 165(c)(3) of such Code which
arise in the tornado disaster area on or after January 1,
2007, and before April 1, 2008, and which are attributable to
tornados.
(b) Tornado Disaster Area.--For purposes of this Act, the
term ``tornado disaster area'' means any area with respect to
which a major disaster has been declared by the President
under section 401 of the Robert T. Stafford Disaster Relief
and Emergency Assistance Act on or after January 1, 2007, and
before April 1, 2008, by reason of damage attributable to
tornados.
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