S.Amdt. 3153

SA 3153. Mr. BARRASSO 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 339, between lines 16 and 17, insert the following:
``(g) Limitation.--This section shall not apply to an
individual for a taxable year if such individual--
``(1) in under 30 years of age when such year begins; or
``(2) has a modified gross income that does not exceed
$30,000 for such year.''.
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