S.Amdt. 4372

SA 4372. Mr. KOHL submitted an amendment intended to be proposed to
amendment SA 4369 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:

At the end of title V, insert the following:

SEC. --. QUALIFYING THERAPEUTIC DISCOVERY PROJECT GRANTS TO
PARTNERSHIPS WITH TAX EXEMPT PARTNERS WITH LESS
THAN 10 PERCENT INTEREST.

(a) In General.--Subparagraph (D) of section 9023(e)(6) of
the Patient Protection and Affordable Care Act is amended by
inserting before the period the following: ``, other than a
partnership or entity in which the aggregate equity and
profits interests held by all such partners and other holders
so described, at any time during a taxable year beginning in
2009 or 2010, does not exceed 10 percent of all of the total
equity or profits interests in the partnership''.
(b) Regulations.--Subsection (e) of section 9023 of the
Patient Protection and Affordable Care Act is amended by
adding at the end the following new paragraph:
``(13) Regulations.--The Secretary shall prescribe such
regulations as may be appropriate to carry out this
subsection, including regulations to prevent the abuse of, or
results inconsistent with the intent of, this subsection.''.
(c) Effective Date.--The amendments made by this section
shall take effect as if included in section 9023 of the
Patient Protection and Affordable Care Act.
______