S.Amdt. 4203
What it does: 2 changes: inserts text, adds a section
Rep. Kirsten E. Gillibrand (D-NY)What it changes
2 changes to H.R. 4899
Change 1: Inserts new text on page 33, between lines 3 and 4
InsertsPrinted pageInserted: Federal Emergency Management Agency state and local programs (including transfer of funds) For an additional amount for "Public Transportation Security Assistance" and "Railroad Security Assistance", authorized under sections 1406 and 1513 of the Implementing Recommendations of the 9/11 Commission Act of 2007 (Public Law 110-53; 6 U.S.C. 1135 and 1163), $100,000,000, to remain available until expended.
Original wording
On page 33, between lines 3 and 4, insert the following:
Change 2: Adds SEC. 608. LIMITATION OF EMPLOYER DEDUCTION FOR CERTAIN ENTERTAINMENT EXPENSES on page 36, between lines 2 and 3
Adds a sectionPrinted pageInserted: SEC. 608. LIMITATION OF EMPLOYER DEDUCTION FOR CERTAIN ENTERTAINMENT EXPENSES.
Inserted: (a) In General.--Paragraph (2) of section 274(e) of the Internal Revenue Code of 1986 (relating to expenses treated as compensation) is amended to read as follows:
Inserted: "(2) Expenses treated as compensation.--Expenses for goods, services, and facilities, to the extent that the expenses do not exceed the amount of the expenses which are treated by the taxpayer, with respect to the recipient of the entertainment, amusement, or recreation, as compensation to an employee on the taxpayer's return of tax under this chapter and as wages to such employee for purposes of chapter 24 (relating to withholding of income tax at source on wages).".
Inserted: (b) Persons Not Employees.--Paragraph (9) of section 274(e) of such Code is amended by striking "to the extent that the expenses are includible in the gross income" and inserting "to the extent that the expenses do not exceed the amount of the expenses which are includible in the gross income".
Inserted: (c) Effective Date.--The amendments made by this section shall apply to expenses incurred after the date of the enactment of this Act.
Original wording
On page 36, between lines 2 and 3, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 4203. Mrs. GILLIBRAND submitted an amendment intended to be proposed by her to the bill H.R. 4899, making emergency supplemental appropriations for disaster relief and summer jobs for the fiscal year ending September 30, 2010, and for other purposes; as follows:
On page 33, between lines 3 and 4, insert the following:
Federal Emergency Management Agency
state and local programs
(including transfer of funds)
For an additional amount for “Public Transportation Security Assistance” and “Railroad Security Assistance”, authorized under sections 1406 and 1513 of the Implementing Recommendations of the 9/11 Commission Act of 2007 (Public Law 110-53; 6 U.S.C. 1135 and 1163), $100,000,000, to remain available until expended.
On page 36, between lines 2 and 3, insert the following:
SEC. 608. LIMITATION OF EMPLOYER DEDUCTION FOR CERTAIN ENTERTAINMENT EXPENSES.
(a) In General.--Paragraph (2) of section 274(e) of the Internal Revenue Code of 1986 (relating to expenses treated as compensation) is amended to read as follows:
“(2) Expenses treated as compensation.--Expenses for goods, services, and facilities, to the extent that the expenses do not exceed the amount of the expenses which are treated by the taxpayer, with respect to the recipient of the entertainment, amusement, or recreation, as compensation to an employee on the taxpayer's return of tax under this chapter and as wages to such employee for purposes of chapter 24 (relating to withholding of income tax at source on wages).”.
(b) Persons Not Employees.--Paragraph (9) of section 274(e) of such Code is amended by striking “to the extent that the expenses are includible in the gross income” and inserting “to the extent that the expenses do not exceed the amount of the expenses which are includible in the gross income”.
(c) Effective Date.--The amendments made by this section shall apply to expenses incurred after the date of the enactment of this Act.
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Senate amendment submitted
May 25, 2010