S.Amdt. 3141

SA 3141. Mr. LEAHY submitted an amendment intended to be proposed to
amendment SA 3060 proposed by Mr. Wyden 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:

At the end, add the following:

TITLE _--OTHER PROVISIONS

SEC. _01. CREDIT FOR INSTALLATION OF SPRINKLERS AND ELEVATORS
IN HISTORIC BUILDINGS.

(a) In General.--Subpart C of part IV of subchapter A of
chapter 1 is amended by inserting after section 36B the
following new section:

``SEC. 36C. HISTORIC BUILDING EXPENSES.

``(a) In General.--There shall be allowed a credit against
the tax imposed by this subtitle for the taxable year an
amount equal to 50 percent of the qualified historic building
expenses paid or incurred by the taxpayer during such taxable
year.
``(b) Limitation.--The credit allowed under subsection (a)
with respect to any taxpayer for any taxable year shall not
exceed $50,000.
``(c) Qualified Historic Building Expenses.--For purposes
of this section--
``(1) In general.--The term `qualified historic building
expenses' means amounts paid or incurred to install in a
certified historic structure an elevator system or a
sprinkler system that meets the requirements found in the
most recent edition of NFPA 13: Standard for the Installation
of Sprinkler Systems.
``(2) National historic landmarks.--In the case of a
certified historic structure that is designated as a National
Historic Landmark in accordance with section 101(a) of the
National Historic Preservation Act (16 U.S.C. 470a(a)) and
that is open to the public, the term `qualified historic
building expenses' shall not include an expense described in
paragraph (1), unless the installation of property described
in such paragraph meets the requirements for a certified
rehabilitation under section 47(c)(2)(C).
``(3) Certified historic structure.--The term `certified
historic structure' has the meaning given such term in
section 47(c)(3), except that such term shall not include any
structure which is a single-family residence.''.
(b) Conforming Amendments.--
(1) Section 1324 of title 31, United States Code, is
amended by inserting ``, 36C'' after ``, 36B''.
(2) The table of sections for subpart C of part IV of
subchapter A of chapter 1 is amended by inserting after the
item relating to section 36B the following new item:

``Sec. 36C. Historic building expenses.''.

(c) Effective Date.--The amendments made by this section
shall apply to amounts paid or incurred in taxable years
beginning after the date of the enactment of this Act.
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