S.Amdt. 3085

SA 3085. Mrs. LINCOLN (for herself, Mr. Durbin, Mr. Kerry, Ms.
Landrieu, and Mr. Bayh) 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 2074, after line 25, add the following:

SEC. 9024. INCREASE IN SMALL BUSINESS TAX CREDIT AVERAGE
ANNUAL WAGE THRESHOLD.

(a) In General.--Subparagraph (B) of section 45R(d)(3)(B)
of the Internal Revenue Code of 1986, as added by section
1421(a), is amended by striking ``$20,000'' both places it
appears and inserting ``$25,000''.
(b) Effective Date.--The amendment made by this section
shall take effect as if included in the enactment of section
1421.
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