S.Amdt. 288

SA 288. Mr. DORGAN submitted an amendment intended to be proposed to
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to
the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

On page 478, between lines 15 and 16, insert the following:

SEC. ___. TEMPORARY REINSTATEMENT OF REGULAR INVESTMENT TAX
CREDIT.

The current year business credit under section 38 of
Internal Revenue Code of 1986 shall include the amount that
would be determined under section 46(a) of such Code (without
regard to paragraphs (2) and (3) of such subsection) (as such
Code was in effect before the amendments made by the Revenue
Reconciliation Act of 1990 (Public Law 101-508)) with respect
to property placed in service after 2008 and before July 1,
2010, if the regular percentage were 15 percent.
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