S.Amdt. 4308

SA 4308. Mr. SCHUMER submitted an amendment intended to be proposed
to amendment SA 4301 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 64, between lines 18 and 19, insert the following:

SEC. 293. SPECIAL INVESTMENT RULE FOR CERTAIN QUALIFIED NEW
YORK LIBERTY BOND PROCEEDS.

For purposes of section 149(g) of the Internal Revenue Code
of 1986, the proceeds of any qualified New York Liberty Bond
(as defined in section 1400L(d)(2)) issued after September
30, 2009, and before January 1, 2010, which are invested in
United States Treasury Obligations - State and Local
Government Series shall be treated as invested in bonds
described in paragraph (3)(B)(i) of such section.
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