S.Amdt. 3208

SA 3208. Mr. INHOFE 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 appropriate place, insert the following:

TITLE--OTHER PROVISIONS

SEC. ___. ELIMINATION OF TAXABLE INCOME LIMIT ON PERCENTAGE
DEPLETION FOR OIL AND NATURAL GAS PRODUCED FROM
MARGINAL PROPERTIES.

(a) In General.--Subparagraph (H) of section 613A(c)(6) is
amended to read as follows:
``(H) Nonapplication of taxable income limit with respect
to marginal production.--The second sentence of subsection
(a) of section 613 shall not apply to so much of the
allowance for depletion as is determined under subparagraph
(A) for any taxable year beginning after December 31, 2013,
and before January 1, 2016.''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2013.
(c) Rescission of Funds.--The available unobligated balance
of any amounts that are appropriated for fiscal year 2013 are
rescinded, to the extent such amounts do not exceed the
reduction in revenues to the Treasury by reason of the
amendment made by subsection (a).
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