S.Amdt. 3139

SA 3139. Mrs. HUTCHISON 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 354, between lines 2 and 3, insert the following:
(D) Exemption for employers in states with high premium
increases.--
(i) In general.--If a State is described in clause (ii),
then, on and after the certification date, no employer in
such State shall be treated as an applicable large employer
for purposes of this section.
(ii) State described.--For purposes of this subparagraph--

(I) In general.--A State is described in this clause if the
applicable State authority determines for any calendar year
after 2013 that the percentage increase in average annual
premiums for health insurance coverage in such State for the
calendar year over the preceding calendar year exceeds the
percentage increase for such period in the Consumer Price
Index for all urban consumers published by the Department of
Labor.
(II) Certification date.--The term ``certification date''
means the first date on which the applicable State authority
certifies a determination described in subclause (I).
(III) Applicable state authority.--The term ``applicable
State authority'' has the meaning given such term by section
2791(d)(1) of the Public Health Service Act.

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