S.Amdt. 1841

SA 1841. Mr. GARDNER submitted an amendment intended to be proposed
to amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for
himself and Ms. Murkowski)) to the bill H.R. 1, to provide for
reconciliation pursuant to titles II and V of the concurrent resolution
on the budget for fiscal year 2018; which was ordered to lie on the
table; as follows:

At the appropriate place in title I, insert the following:

SEC. ____. BASE EROSION AND ANTI-ABUSE TAX IMPROVEMENTS.

(a) In General.--Section 59A(b), as added by section 14401
of this Act, is amended--
(1) in paragraph (1)(B), by striking clause (ii) and
inserting the following:
``(ii) the sum of--

``(I) the credit allowed under section 38 for the taxable
year which are properly allocable to the research credit
determined under section 41(a);
``(II) the credits determined under section 45 (including
the refined coal credit); and
``(III) the energy credit determined under section 48(a)
with respect to a facility or property the construction of
which begins on or before January 1, 2020.''; and

(2) in paragraph (2)(B), by inserting ``(other than a
credit described in subclause (II) or (III) of paragraph
(1)(B)(ii))'' after ``allowed under this chapter''.
(b) Revenue Dependent Proposal.--Section 59A(b), as amended
by section 15004, if amended, is further amended by striking
paragraph (2)(B) and inserting the following:
``(B) the sum of--
``(i) the credit allowed under section 38 for the taxable
year which are properly allocable to the research credit
determined under section 41(a);
``(ii) the credits determined under section 45 (including
the refined coal credit); and
``(iii) the energy credit determined under section 48(a)
with respect to a facility or property the construction of
which begins on or before January 1, 2020.''.
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