S.Amdt. 3362

SA 3362. Mr. WARNER submitted an amendment intended to be proposed to
amendment SA 3336 proposed by Mr. Baucus to the bill H.R. 4213, to
amend the Internal Revenue Code of 1986 to extend certain expiring
provisions, and for other purposes; which was ordered to lie on the
table; as follows:

After section 131, insert the following:

SEC. 131A. INCREASE IN ALTERNATIVE SIMPLIFIED RESEARCH
CREDIT.

(a) Increased Credit.--Paragraph (5) of section 41(c)
(relating to election of alternative simplified credit) is
amended--
(1) by striking ``14 percent (12 percent in the case of
taxable years ending before January 1, 2009)'' in
subparagraph (A) and inserting ``17 percent'', and
(2) by striking ``6 percent'' in subparagraph (B)(ii) and
inserting ``8.5 percent''.
(b) Effective Date.--The amendments made by this section
shall apply to amounts paid or incurred after December 31,
2009.
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