S.Amdt. 3029

SA 3029. Mr. THUNE submitted an amendment intended to be proposed to
amendment SA 2786 proposed by Mr. Reid (for himself, Mr. Baucus, Mr.
Dodd, and Mr. Harkin) to the bill H.R. 3590, to amend the Internal
Revenue Code of 1986 to modify the first-time homebuyers credit in the
case of members of the Armed Forces and certain other Federal
employees, and for other purposes; which was ordered to lie on the
table; as follows:

On page 356, between lines 19 and 20, insert the following:
``(f) Limitation.--A full-time employee shall not be taken
into account for purposes of calculating the amount of any
assessable payment imposed under subsections (a), (b), or (c)
if such employee performs the majority of services in a
State--
``(1) the unemployment rate of which exceeds 6 percent, and
``(2) the Governor of which has certified that the
assessable penalties imposed under this section have
contributed to such unemployment rate.''.

[[Page S12720]]

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