S.Amdt. 4115

SA 4115. Mr. COBURN submitted an amendment intended to be proposed by him to the bill H.R. 5771, to amend the Internal Revenue Code of 1986 to extend certain expiring provisions and make technical corrections, to amend the Internal Revenue Code of 1986 to provide for the tax treatment of ABLE accounts established under State programs for the care of family members with disabilities, and for other purposes; which was ordered to lie on the table; as follows:

On page 10, between lines 19 and 20, insert the following:

(c) Prohibition on Use of the New Market Tax Credit on Certain Facilities.--Section 45D is amended by adding at the end the following new subsection:

“(j) Prohibition.--Any amounts allocated to a qualified community development entity under this section shall not be used to leverage funding for the purchase, construction, maintenance, or operation of a fast-food restaurant, gas station, flea market, doggy daycare or grooming facility, or brewery.”.