S.Amdt. 2563
What it does: Adds SEC. __. POINT OF ORDER ON LEGISLATION THAT RAISES INCOME TAX RATES ON SMALL BUSINESSES at the end of the billWhat it changes
1 change to S. 3364 · shown in the bill's text
Adds SEC. __. POINT OF ORDER ON LEGISLATION THAT RAISES INCOME TAX RATES ON SMALL BUSINESSES at the end of the bill
Adds a sectionIn S. 3364 · Placed on Calendar Senate
(d) Effective Date.--The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.
Inserted: SEC. __. POINT OF ORDER ON LEGISLATION THAT RAISES INCOME TAX RATES ON SMALL BUSINESSES.
Inserted: (a) Point of Order.--
Inserted: (1) In general.--In the Senate, it shall not be in order to consider any bill, joint resolution, amendment, motion, or conference report that includes any provision which increases Federal income tax rates.
Inserted: (2) Definition.--In this section, the term "Federal income tax rates" means any rate of tax under--
Inserted: (A) subsection (a), (b), (c), (d), or (e) of section 1 of the Internal Revenue Code of 1986,
Inserted: (B) section 11(b) of such Code, or
Inserted: (C) section 55(b) of such Code.
Inserted: (b) Supermajority Waiver and Appeals.--
Inserted: (1) Waiver.--This section may be waived or suspended in the Senate only by an affirmative vote of three-fifths of the Members, dully chosen and sworn.
Inserted: (2) Appeals.--An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under this section.
Original wording
At the end, add the following:
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As printed
SA 2563. Mr. CORNYN submitted an amendment intended to be proposed by him to the bill S. 3364, to provide an incentive for businesses to bring jobs back to America; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. __. POINT OF ORDER ON LEGISLATION THAT RAISES INCOME TAX RATES ON SMALL BUSINESSES.
(a) Point of Order.--
(1) In general.--In the Senate, it shall not be in order to consider any bill, joint resolution, amendment, motion, or conference report that includes any provision which increases Federal income tax rates.
(2) Definition.--In this section, the term “Federal income tax rates” means any rate of tax under--
(A) subsection (a), (b), (c), (d), or (e) of section 1 of the Internal Revenue Code of 1986,
(B) section 11(b) of such Code, or
(C) section 55(b) of such Code.
(b) Supermajority Waiver and Appeals.--
(1) Waiver.--This section may be waived or suspended in the Senate only by an affirmative vote of three-fifths of the Members, dully chosen and sworn.
(2) Appeals.--An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under this section.
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Senate amendment submitted
July 19, 2012