An amendment numbered 8 printed in the Congressional Record to add a new section detailing modifications of real property standard deduction.
What it does: Adds SEC. 4. MODIFICATION OF REAL PROPERTY STANDARD DEDUCTION at the end of the bill
Rep. Rush Holt (D-NJ)Description
Amendment sought to add a new section detailing modifications of real property standard deduction.
What it changes
1 change to H.R. 830
We couldn't match these changes to the text of H.R. 830, so they're shown as written.
Adds SEC. 4. MODIFICATION OF REAL PROPERTY STANDARD DEDUCTION at the end of the bill
Adds a sectionInserted: SEC. 4. MODIFICATION OF REAL PROPERTY STANDARD DEDUCTION.
Inserted: (a) Extension.--Subparagraph (C) of section 63(c)(1) of the Internal Revenue Code of 1986 is amended by striking "in 2008 or 2009" and inserting "after December 31, 2007, and before January 1, 2015".
Inserted: (b) Adjustments for Inflation.--Subparagraph (B) of section 63(c)(4) of such Code is amended by striking "and" at the end of clause (i), by striking the period at the end of clause (ii) and inserting ", and", and by inserting after clause (ii) the following:
Inserted: "(iii) 'calendar year 2010' in the case of dollar amounts contained in paragraph (7)(B).".
Inserted: (c) Effective Date.--
Inserted: (1) In general.--Except as otherwise provided in this subsection, the amendments made by this section shall apply to taxable years beginning after December 31, 2009.
Inserted: (2) Inflation adjustment.--The amendments made by subsection (b) shall apply to taxable years beginning after December 31, 2011.
Original wording
At the end of the bill, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
At the end of the bill, add the following:
SEC. 4. MODIFICATION OF REAL PROPERTY STANDARD DEDUCTION.
(a) Extension.--Subparagraph (C) of section 63(c)(1) of the Internal Revenue Code of 1986 is amended by striking “in 2008 or 2009” and inserting “after December 31, 2007, and before January 1, 2015”.
(b) Adjustments for Inflation.--Subparagraph (B) of section 63(c)(4) of such Code is amended by striking “and” at the end of clause (i), by striking the period at the end of clause (ii) and inserting “, and”, and by inserting after clause (ii) the following:
“(iii) ‘calendar year 2010' in the case of dollar amounts contained in paragraph (7)(B).”.
(c) Effective Date.--
(1) In general.--Except as otherwise provided in this subsection, the amendments made by this section shall apply to taxable years beginning after December 31, 2009.
(2) Inflation adjustment.--The amendments made by subsection (b) shall apply to taxable years beginning after December 31, 2011.
Legislative Activity
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House amendment offered
March 10, 2011
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House amendment offered
March 10, 2011
House amendment offered/reported by: Amendment (A009) offered by Mr. Holt.(consideration: CR H1697; text: CR H1697)
March 10, 2011 • 2:52 PM
Amendment (A009) offered by Mr. Holt. (consideration: CR H1697; text: CR H1697)
March 10, 2011 • 2:52 PM
Mrs. Biggert raised a point of order against the Holt amendment (A009). Mrs. Biggert stated that the amendment was not germane and violated clause 7 of rule 16. The Chair sustained the point of order.
March 10, 2011 • 2:55 PM