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(2) TRANSFERS TO SOCIAL SECURITY EQUIVA-
LENT BENEFIT ACCOUNT.—There are hereby appro-
priated to the Social Security Equivalent Benefit Ac-
count established under section 15A(a) of the Rail-
road Retirement Act of 1974 (45 U.S.C. 231n–1(a)) 
amounts equal to the reduction in revenues to the 
Treasury by reason of the amendments made by para-
graph (1). Amounts appropriated by the preceding 
sentence shall be transferred from the general fund at 
such times and in such manner as to replicate to the 
extent possible the transfers which would have oc-
curred to such Account had such amendments not 
been enacted. 
(e) EFFECTIVE DATES.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by this subsection 
shall apply to wages paid after the date of the enact-
ment of this Act. 
(2) 
RAILROAD
RETIREMENT
TAXES.—The 
amendments made by subsection (d) shall apply to 
compensation paid after the date of the enactment of 
this Act. 
In section 102 of the matter proposed to be inserted 
by the pending Senate amendment—
•HR 2847 EAH2 
(1) Strike subsection (a) of such section 102 
and insert the following new subsection: 
(a) IN GENERAL.—In the case of any taxable year end-
ing after the date of the enactment of this Act, the current 
year business credit determined under section 38(b) of the 
Internal Revenue Code of 1986 for such taxable year shall 
be increased, with respect to each retained worker with re-
spect to which subsection (b)(2) is first satisfied during such 
taxable year, by the lesser of— 
(1) $1,000, or 
(2) 6.2 percent of the wages (as defined in sec-
tion 3401(a)) paid by the taxpayer to such retained 
worker during the 52 consecutive week period referred 
to in subsection (b)(2). 
(2) In subsection (b) of such section 102, insert 
‘‘or section 3221(c)(3)’’ after ‘‘section 3111(d)(3)’’. 
(3) In subsection (b)(3) of such section 102, in-
sert ‘‘(as defined in section 3401(a))’’ after ‘‘wages’’ 
the first place it appears therein. 
(4) At the end of such section 102, add the fol-
lowing new subsection: 
(d) TREATMENT OF POSSESSIONS.— 
(1) PAYMENTS TO POSSESSIONS.—
•HR 2847 EAH2 
(A) MIRROR CODE POSSESSIONS.—The Sec-
retary of the Treasury shall pay to each posses-
sion of the United States with a mirror code tax 
system amounts equal to the loss to that posses-
sion by reason of the application of this section 
(other than this subsection). Such amounts shall 
be determined by the Secretary of the Treasury 
based on information provided by the govern-
ment of the respective possession. 
(B) OTHER
POSSESSIONS.—The Secretary 
of the Treasury shall pay to each possession of 
the United States which does not have a mirror 
code tax system amounts estimated by the Sec-
retary of the Treasury as being equal to the ag-
gregate benefits that would have been provided to 
residents of such possession by reason of the ap-
plication of this section (other than this sub-
section) if a mirror code tax system had been in 
effect in such possession. The preceding sentence 
shall not apply with respect to any possession of 
the United States unless such possession has a 
plan, which has been approved by the Secretary 
of the Treasury, under which such possession will 
promptly distribute such payments to the resi-
dents of such possession.
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(2) COORDINATION
WITH
CREDIT
ALLOWED 
AGAINST
UNITED
STATES
INCOME
TAXES.—No in-
crease in the credit determined under section 38(b) of 
the Internal Revenue Code of 1986 against United 
States income taxes for any taxable year determined 
under subsection (a) shall be taken into account with 
respect to any person— 
(A) to whom a credit is allowed against 
taxes imposed by the possession by reason of this 
section for such taxable year, or 
(B) who is eligible for a payment under a 
plan described in paragraph (1)(B) with respect 
to such taxable year. 
(3) DEFINITIONS AND SPECIAL RULES.— 
(A) POSSESSION OF THE UNITED STATES.— 
For purposes of this subsection, the term ‘‘posses-
sion of the United States’’ includes the Common-
wealth of Puerto Rico and the Commonwealth of 
the Northern Mariana Islands. 
(B) MIRROR CODE TAX SYSTEM.—For pur-
poses of this subsection, the term ‘‘mirror code 
tax system’’ means, with respect to any posses-
sion of the United States, the income tax system 
of such possession if the income tax liability of 
the residents of such possession under such sys-
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tem is determined by reference to the income tax 
laws of the United States as if such possession 
were the United States. 
(C) TREATMENT OF PAYMENTS.—For pur-
poses of section 1324(b)(2) of title 31, United 
States Code, rules similar to the rules of section 
1001(b)(3)(C) of the American Recovery and Re-
investment Tax Act of 2009 shall apply. 
In section 301 of the matter proposed to be inserted 
by the pending Senate amendment— 
(1) In section 6431(f)(1) of the Internal Rev-
enue Code of 1986, as proposed to be added by sub-
section (a) of such section 301, strike subparagraph 
(C) and insert the following new subparagraph: 
‘‘(C) the amount of the payment determined 
under subsection (b) with respect to any interest 
payment due under such bond shall be equal to 
the lesser of— 
‘‘(i) the amount of interest payable 
under such bond on such date, or 
‘‘(ii) the amount of interest which 
would have been payable under such bond 
on such date if such interest were deter-
•HR 2847 EAH2 
mined at the applicable credit rate deter-
mined under section 54A(b)(3),’’. 
(2) In section 6431(f) of the Internal Revenue 
Code of 1986, as proposed to be added by subsection 
(a) of such section 301, strike paragraph (2) and in-
sert the following new paragraphs: 
‘‘(2) SPECIAL RULE FOR NEW CLEAN RENEW-
ABLE ENERGY BONDS AND QUALIFIED ENERGY CON-
SERVATION BONDS.—In the case of any specified tax 
credit bond described in clause (i) or (ii) of para-
graph (3)(A), the amount determined under para-
graph (1)(C)(ii) shall be 70 percent of the amount so 
determined without regard to this paragraph and sec-
tions 54C(b) and 54D(b). 
‘‘(3) SPECIFIED TAX CREDIT BOND.—For pur-
poses of this subsection, the term ‘‘specified tax credit 
bond’’ means any qualified tax credit bond (as de-
fined in section 54A(d)) if— 
‘‘(A) such bond is— 
‘‘(i) a new clean renewable energy 
bond (as defined in section 54C), 
‘‘(ii) a qualified energy conservation 
bond (as defined in section 54D), 
‘‘(iii) a qualified zone academy bond 
(as defined in section 54E), or
•HR 2847 EAH2 
‘‘(iv) a qualified school construction 
bond (as defined in section 54F), and 
‘‘(B) the issuer of such bond makes an irrev-
ocable election to have this subsection apply.’’. 
At the end title IV of the matter proposed to be in-
serted by the pending Senate amendment, add the fol-
lowing (and conform the table of contents accordingly): 
Subtitle E—Disadvantaged 
Business Enterprises 
SEC. 451. DISADVANTAGED BUSINESS ENTERPRISES. 
(a) DEFINITIONS.—In this section, the following defi-
nitions apply: 
(1) SMALL
BUSINESS
CONCERN.— The term 
‘‘small business concern’’ has the meaning that term 
has under section 3 of the Small Business Act (15 
U.S.C. 632), except that the term shall not include 
any concern or group of concerns controlled by the 
same socially and economically disadvantaged indi-
vidual or individuals which has average annual gross 
receipts over the preceding 3 fiscal years in excess of 
$22,410,000, as adjusted annually by the Secretary of 
Transportation for inflation. 
(2) SOCIALLY
AND
ECONOMICALLY
DISADVAN-
TAGED
INDIVIDUALS.—The term ‘‘socially and eco-
nomically disadvantaged individuals’’ has the mean-
•HR 2847 EAH2 
ing that term has under section 8(d) of the Small 
Business Act (15 U.S.C. 637(d)) and relevant subcon-
tracting regulations issued pursuant to that Act, ex-
cept that women shall be presumed to be socially and 
economically disadvantaged individuals for purposes 
of this section. 
(b) GENERAL RULE.—Except to the extent that the 
Secretary of Transportation determines otherwise, not less 
than 10 percent of the amounts made available for any pro-
gram under titles I, III, and V of SAFETEA–LU (Public 
Law 109–59), subtitles A and C of this title, and section 
403 of title 23, United States Code, shall be expended 
through small business concerns owned and controlled by 
socially and economically disadvantaged individuals. 
(c) ANNUAL LISTING OF DISADVANTAGED BUSINESS 
ENTERPRISES.—Each State shall annually— 
(1) survey and compile a list of the small busi-
ness concerns referred to in subsection (a) and the lo-
cation of the concerns in the State; and 
(2) notify the Secretary of Transportation, in 
writing, of the percentage of the concerns that are 
controlled by women, by socially and economically 
disadvantaged individuals (other than women), and 
by individuals who are women and are otherwise so-
cially and economically disadvantaged individuals.
•HR 2847 EAH2 
(d) UNIFORM
CERTIFICATION.—The Secretary of 
Transportation shall establish minimum uniform criteria 
for State governments to use in certifying whether a concern 
qualifies for purposes of this section. The minimum uniform 
criteria shall include, but not be limited to, on-site visits, 
personal interviews, licenses, analysis of stock ownership, 
listing of equipment, analysis of bonding capacity, listing 
of work completed, resume of principal owners, financial 
capacity, and type of work preferred. 
(e) COMPLIANCE WITH COURT ORDERS.—Nothing in 
this section limits the eligibility of an entity or person to 
receive funds made available under titles I, III, and V of 
SAFETEA–LU (Public Law 109–59), subtitles A and C of 
this title, and section 403 of title 23, United States Code, 
if the entity or person is prevented, in whole or in part, 
from complying with subsection (b) because a Federal court 
issues a final order in which the court finds that the re-
quirement of subsection (b), or the program established 
under subsection (b), is unconstitutional. 
In section 551(a) of the matter proposed to be in-
serted by the pending Senate amendment, strike ‘‘Decem-
ber 31, 2019’’ and insert ‘‘December 31, 2020’’. 
At the end of title V of the matter proposed to be 
inserted by the pending Senate amendment, add the fol-
•HR 2847 EAH2 
lowing new subtitle (and conform the table of contents 
accordingly): 
Subtitle C—Budgetary Provisions 
SEC. 561. TIME FOR PAYMENT OF CORPORATE ESTIMATED 
TAXES. 
Notwithstanding section 6655 of the Internal Revenue 
Code of 1986, in the case of a corporation with assets of 
not less than $1,000,000,000 (determined as of the end of 
the preceding taxable year)— 
(1) the percentage under paragraph (1) of section 
202(b) of the Corporate Estimated Tax Shift Act of 
2009 in effect on the date of the enactment of this Act 
is increased by 23 percentage points, 
(2) the amount of any required installment of 
corporate estimated tax which is otherwise due in 
July, August, or September of 2015 shall be 121.5 
percent of such amount, 
(3) the amount of any required installment of 
corporate estimated tax which is otherwise due in 
July, August, or September of 2019 shall be 106.5 
percent of such amount, and 
(4) the amount of the next required installment 
after an installment referred to in paragraph (2) or 
(3) shall be appropriately reduced to reflect the 
amount of the increase by reason of such paragraph.
•HR 2847 EAH2 
SEC. 562. PAYGO COMPLIANCE. 
The budgetary effects of this Act, for purposes of com-
plying with the Statutory Pay-As-You-Go-Act of 2010, shall 
be determined by reference to the latest statement titled 
‘‘Budgetary Effects of PAYGO Legislation’’ for this Act, 
jointly submitted for printing in the Congressional Record 
by the Chairmen of the House and Senate Budget Commit-
tees, provided that such statement has been submitted prior 
to the vote on passage in the House acting first on this con-
ference report or amendments between the Houses. 
Attest: 
Clerk.
111TH CONGRESS 
2D SESSION 
H.R. 2847 
HOUSE AMENDMENT 
TO SENATE 
AMENDMENT TO 
HOUSE AMENDMENT 
TO SENATE 
AMENDMENT