S.Amdt. 3450

SA 3450. Ms. KLOBUCHAR submitted an amendment intended to be proposed
to amendment SA 3397 proposed by Mr. Rockefeller (for himself and Mr.
Grassley) to the 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:

In lieu of the matter proposed to be inserted, insert the
following:

SEC. 6__. MODIFICATION OF STANDARDS FOR WINDOWS, DOORS, AND
SKYLIGHTS WITH RESPECT TO THE CREDIT FOR
NONBUSINESS ENERGY PROPERTY.

(a) In General.--Paragraph (4) of section 25C(c) is amended
by striking ``unless'' and all that follows and inserting
``unless--
``(A) such component is equal to or below a U factor of
0.30 and SHGC of 0.30, or
``(B) for a credit allowable under subsection (a) applied
by substituting `$1,000' for `$1,500' in subsection (b), in
the case of--
``(i) any component placed in service after the date which
is 90 days after the date of the enactment of the American
Workers,

[[Page S1317]]

State, and Business Relief Act of 2010, such component meets
the criteria for such components established by the 2010
Energy Star Program Requirements for Residential Windows,
Doors, and Skylights, Version 5.0 (or any subsequent version
of such requirements which is in effect after January 4,
2010),
``(ii) in the case of any component placed in service after
the date of the enactment of the American Workers, State, and
Business Relief Act of 2010 and on or before the date which
is 90 days after such date, such component meets the criteria
described in subparagraph (A) or is equal to or below a U
factor of 0.30 and SHGC of 0.30, and
``(iii) in the case of any component which is a garage
door, such component is equal to or below a U factor of 0.30
and SHGC of 0.30.''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after the date of
the enactment of this Act.

SEC. 6__. PARTICIPANTS IN GOVERNMENT SECTION 457 PLANS
ALLOWED TO TREAT ELECTIVE DEFERRALS AS ROTH
CONTRIBUTIONS.

(a) In General.--Section 402A(e)(1) (defining applicable
retirement plan) is amended by striking ``and'' at the end of
subparagraph (A), by striking the period at the end of
subparagraph (B) and inserting ``, and'', and by adding at
the end the following:
``(C) an eligible deferred compensation plan (as defined in
section 457(b)) of an eligible employer described in section
457(e)(1)(A).''.
(b) Elective Deferrals.--Section 402A(e)(2) (defining
elective deferral) is amended to read as follows:
``(2) Elective deferral.--The term `elective deferral'
means--
``(A) any elective deferral described in subparagraph (A)
or (C) of section 402(g)(3), and
``(B) any elective deferral of compensation by an
individual under an eligible deferred compensation plan (as
defined in section 457(b)) of an eligible employer described
in section 457(e)(1)(A).''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2010.
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