S.Amdt. 3085

SA 3085. Mr. TOOMEY submitted an amendment intended to be proposed by him to the bill H.R. 3474, to amend the Internal Revenue Code of 1986 to allow employers to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of the employer mandate under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:

On page 23, strike line 5 and all that follows through line 21 and insert the following:

(a) Permanent Extension.--Section 45P is amended by striking subsection (f).

(b) Expansion of Credit.--

(1) Expansion to 100 percent of eligible differential wage payments.--Subsection (a) of section 45P is amended by striking “20 percent of”.

(2) Adjustment for inflation.--Subsection (b) of section 45P is amended by adding at the end the following new paragraph:

“(4) Adjustment for inflation.--In the case of any taxable year beginning after 2014, the $20,000 amount in paragraph (1) shall be increased by an amount equal to--

“(A) such dollar amount, multiplied by

“(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting ‘calendar year 2013' for ‘calendar year 1992' in subparagraph (B) thereof.

If the amount as increased under the preceding sentence is not a multiple of $100, such amount shall be rounded to the nearest multiple of $100.”.

(3) Applicability to all employers.--

(A) In general.--Subsection (a) of section 45P, as amended by paragraph (1), is amended by striking “eligible small business employer” and inserting “eligible employer”.

(B) Conforming amendments.--Paragraph (3) of section 45P(b) is amended--

(i) in subparagraph (A)--

(I) by striking “eligible small business employer” and inserting “eligible employer”, and

(II) by striking “any employer which” and all that follows and inserting “any employer which, under a written plan of the employer, provides eligible differential wage payments to every qualified employee of the employer.”, and

(ii) by striking “Eligible small business employer” in the heading and inserting “Eligible employer”.