S.Amdt. 4122

SA 4122. Ms. HIRONO submitted an amendment intended to be proposed to
amendment SA 3951 submitted by Ms. Collins and intended to be proposed
to the bill H.R. 4016, making appropriations for the Department of
Defense for the fiscal year ending September 30, 2026, and for other
purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:
Sec. __. (a) Section 25F(b) of the Internal Revenue Code of
1986 is amended by adding at the end the following new
paragraph:
``(3) Income restriction.--No credit shall be allowed under
subsection (a) to any taxpayer whose adjusted gross income
for the taxable year is equal to or greater than
$1,000,000.''.
(b) The amendment made by subsection (a) shall apply to
taxable years beginning after December 31, 2026.
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