S.Amdt. 3409

SA 3409. Mr. BROWN of Ohio 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:

On page 268, between lines 11 and 12, insert the following:

SEC. ___. EXPANSION OF QUALIFYING ADVANCED ENERGY PROJECT
CREDIT.

(a) In General.--Section 48C(d)(1)(B) is amended by
striking ``$2,300,000,000'' and inserting ``$7,300,000,000''.
(b) Effective Date.--The amendment made by this section
shall apply to allocations for applications submitted after
December 31, 2009.

SEC. ___. EXCISE TAX ON BONUSES RECEIVED BY EMPLOYEES OF
BUSINESSES RECEIVING TARP FUNDS.

(a) In General.--Chapter 46 is amended by adding at the end
the following new section:

``SEC. 4999A. BONUSES PAID BY TARP RECIPIENTS.

``(a) In General.--In the case of any payment of
compensation during 2010 in the nature of a bonus by a TARP
recipient to any employee or former employee of such
recipient, there is hereby imposed a tax equal to 50 percent
of so much of such compensation as exceeds $50,000.
``(b) Tax Paid by Bonus Recipient.--The tax imposed by this
section shall be paid by such employee or former employee.
``(c) Definitions and Special Rules.--For purposes of this
section--
``(1) TARP recipient.--The term `TARP recipient' means any
person who receives funds under title I of the Emergency
Economic Stabilization Act of 2008.
``(2) Employee.--The term `employee' includes officers and
executives.
``(3) Entities acquired by tarp recipients.--If more than
50 percent of the equity interests in any person is acquired
by a TARP recipient, such person shall be treated as a TARP
recipient for purposes of this section and subsection (a)
shall apply to applicable compensation paid by such person
after the earlier of the date of such acquisition or the date
that such acquisition is announced.
``(4) Certain controlled groups, etc.--All employees who
are treated as employed by a single employer under
subsections (b), (c), or (m) of section 414 shall be treated
as employed by a single employer for purposes of this
section.''.
(b) Clerical Amendment.--The table of sections for chapter
46 is amended by adding at the end the following new item:

``Sec. 4999A. Bonuses paid by TARP recipients.''.

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