651 
•HR 3221 EAH2 
‘‘(ii) The taxable REIT subsidiary re-
ceives the revenues from the operation of 
such qualified lodging facility or qualified 
health care property, net of expenses for 
such operation and fees payable to the oper-
ator pursuant to such agreement or con-
tract. 
‘‘(iii) The real estate investment trust 
receives income from such person with re-
spect to another property that is attrib-
utable to a lease of such other property to 
such person that was in effect as of the later 
of— 
‘‘(I) January 1, 1999, or 
‘‘(II) the earliest date that any 
taxable REIT subsidiary of such trust 
entered into a management agreement 
or other similar service contract with 
such person with respect to such quali-
fied lodging facility or qualified health 
care property.’’. 
(c) TAXABLE REIT SUBSIDIARIES.—The last sentence 
of section 856(l)(3) is amended— 
(1) by inserting ‘‘or a health care facility’’ after 
‘‘a lodging facility’’, and
652 
•HR 3221 EAH2 
(2) by inserting ‘‘or health care facility’’ after 
‘‘such lodging facility’’. 
Subtitle E—Effective Dates 
SEC. 3071. EFFECTIVE DATES. 
(a) IN GENERAL.—Except as otherwise provided in 
this section, the amendments made by this title shall apply 
to taxable years beginning after the date of the enactment 
of this Act. 
(b) REIT INCOME TESTS.— 
(1) The amendments made by section 3031(a) 
and (c) shall apply to gains and items of income rec-
ognized after the date of the enactment of this Act. 
(2) The amendment made by section 3031(b) 
shall apply to transactions entered into after the date 
of the enactment of this Act. 
(c) CONFORMING FOREIGN CURRENCY REVISIONS.— 
(1) The amendment made by section 3033(a) 
shall apply to gains recognized after the date of the 
enactment of this Act. 
(2) The amendment made by section 3033(b) 
shall apply to gains and deductions recognized after 
the date of the enactment of this Act. 
(d) DEALER SALES.—The amendments made by sub-
title C shall apply to sales made after the date of the enact-
ment of this Act.
653 
•HR 3221 EAH2 
TITLE III—REVENUE 
PROVISIONS 
Subtitle A—General Provisions 
SEC. 3081. ELECTION TO ACCELERATE THE AMT AND RE-
SEARCH CREDITS IN LIEU OF BONUS DEPRE-
CIATION. 
(a) IN GENERAL.—Section 168(k) is amended by add-
ing at the end the following new paragraph: 
‘‘(4) ELECTION TO ACCELERATE THE AMT AND 
RESEARCH CREDITS IN LIEU OF BONUS DEPRECIA-
TION.— 
‘‘(A) IN GENERAL.—If a corporation elects 
to have this paragraph apply for the first taxable 
year of the taxpayer ending after March 31, 
2008, in the case of such taxable year and each 
subsequent taxable year— 
‘‘(i) paragraph (1) shall not apply to 
any eligible qualified property placed in 
service by the taxpayer, 
‘‘(ii) the applicable depreciation meth-
od used under this section with respect to 
such property shall be the straight line 
method, and 
‘‘(iii) each of the limitations described 
in subparagraph (B) for any such taxable
654 
•HR 3221 EAH2 
year shall be increased by the bonus depre-
ciation amount which is— 
‘‘(I) determined for such taxable 
year under subparagraph (C), and 
‘‘(II) allocated to such limitation 
under subparagraph (E). 
‘‘(B) LIMITATIONS TO BE INCREASED.—The 
limitations described in this subparagraph are— 
‘‘(i) the limitation imposed by section 
38(c), and 
‘‘(ii) the limitation imposed by section 
53(c). 
‘‘(C) BONUS DEPRECIATION AMOUNT.—For 
purposes of this paragraph— 
‘‘(i) IN GENERAL.—The bonus depre-
ciation amount for any taxable year is an 
amount equal to 20 percent of the excess (if 
any) of— 
‘‘(I) the aggregate amount of de-
preciation which would be allowed 
under this section for eligible qualified 
property placed in service by the tax-
payer during such taxable year if 
paragraph (1) applied to all such 
property, over
655 
•HR 3221 EAH2 
‘‘(II) the aggregate amount of de-
preciation which would be allowed 
under this section for eligible qualified 
property placed in service by the tax-
payer during such taxable year if 
paragraph (1) did not apply to any 
such property. 
The aggregate amounts determined under 
subclauses (I) and (II) shall be determined 
without regard to any election made under 
subsection (b)(2)(C), (b)(3)(D), or (g)(7) 
and 
without 
regard 
to 
subparagraph 
(A)(ii). 
‘‘(ii) MAXIMUM
AMOUNT.—The bonus 
depreciation amount for any taxable year 
shall not exceed the maximum increase 
amount under clause (iii), reduced (but not 
below zero) by the sum of the bonus depre-
ciation amounts for all preceding taxable 
years. 
‘‘(iii) MAXIMUM INCREASE AMOUNT.— 
For purposes of clause (ii), the term ‘max-
imum increase amount’ means, with respect 
to any corporation, the lesser of— 
‘‘(I) $30,000,000, or
657 
•HR 3221 EAH2 
‘‘(ii) only adjusted basis attributable to 
manufacture, construction, or production 
after March 31, 2008, and before January 
1, 2009, shall be taken into account under 
subparagraph (B)(ii) thereof. 
‘‘(E) ALLOCATION OF BONUS DEPRECIATION 
AMOUNTS.— 
‘‘(i) IN GENERAL.—Subject to clauses 
(ii) and (iii), the taxpayer shall, at such 
time and in such manner as the Secretary 
may prescribe, specify the portion (if any) 
of the bonus depreciation amount for the 
taxable year which is to be allocated to each 
of the limitations described in subpara-
graph (B) for such taxable year. 
‘‘(ii) LIMITATION ON ALLOCATIONS.— 
The portion of the bonus depreciation 
amount which may be allocated under 
clause (i) to the limitations described in 
subparagraph (B) for any taxable year shall 
not exceed— 
‘‘(I) in the case of the limitation 
described in subparagraph (B)(i), the 
excess of the business credit increase 
amount over the bonus depreciation
658 
•HR 3221 EAH2 
amount allocated to such limitation for 
all preceding taxable years, and 
‘‘(II) in the case of the limitation 
described in subparagraph (B)(ii), the 
excess of the AMT credit increase 
amount over the bonus depreciation 
amount allocated to such limitation for 
all preceding taxable years. 
‘‘(iii) BUSINESS
CREDIT
INCREASE 
AMOUNT.—For purposes of this paragraph, 
the term ‘business credit increase amount’ 
means the amount equal to the portion of 
the credit allowable under section 38 (deter-
mined without regard to subsection (c) 
thereof) for the first taxable year ending 
after March 31, 2008, which is allocable to 
business credit carryforwards to such tax-
able year which are— 
‘‘(I) from taxable years beginning 
before January 1, 2006, and 
‘‘(II) properly allocable (deter-
mined under the rules of section 38(d)) 
to the research credit determined under 
section 41(a).
659 
•HR 3221 EAH2 
‘‘(iv) 
AMT 
CREDIT
INCREASE 
AMOUNT.—For purposes of this paragraph, 
the term ‘AMT credit increase amount’ 
means the amount equal to the portion of 
the minimum tax credit under section 53(b) 
for the first taxable year ending after March 
31, 2008, determined by taking into account 
only the adjusted minimum tax for taxable 
years beginning before January 1, 2006. 
For purposes of the preceding sentence, 
credits shall be treated as allowed on a first- 
in, first-out basis. 
‘‘(F) CREDIT REFUNDABLE.—For purposes 
of section 6401(b), the aggregate increase in the 
credits allowable under part IV of subchapter A 
for any taxable year resulting from the applica-
tion of this paragraph shall be treated as allowed 
under subpart C of such part (and not any other 
subpart). 
‘‘(G) OTHER RULES.— 
‘‘(i) ELECTION.—Any election under 
this paragraph (including any allocation 
under subparagraph (E)) may be revoked 
only with the consent of the Secretary.
660 
•HR 3221 EAH2 
‘‘(ii) PARTNERSHIPS
WITH
ELECTING 
PARTNERS.—In the case of a corporation 
making an election under subparagraph (A) 
and which is a partner in a partnership, 
for purposes of determining such corpora-
tion’s distributive share of partnership 
items under section 702— 
‘‘(I) paragraph (1) shall not 
apply to any eligible qualified prop-
erty, and 
‘‘(II) the applicable depreciation 
method used under this section with re-
spect to such property shall be the 
straight line method. 
‘‘(iii) SPECIAL RULE FOR PASSENGER 
AIRCRAFT.—In the case of any passenger 
aircraft, the written binding contract limi-
tation under paragraph (2)(A)(iii)(I) shall 
not apply for purposes of subparagraphs 
(C)(i)(I) and (D).’’. 
(b) APPLICATION TO CERTAIN AUTOMOTIVE PARTNER-
SHIPS.— 
(1) IN GENERAL.—If an applicable partnership 
elects the application of this subsection—
661 
•HR 3221 EAH2 
(A) the partnership shall be treated as hav-
ing made a payment against the tax imposed by 
chapter 1 of the Internal Revenue Code of 1986 
for any applicable taxable year of the partner-
ship in the amount determined under paragraph 
(3), 
(B) in the case of any eligible qualified 
property placed in service by the partnership 
during any applicable taxable year— 
(i) section 168(k) of such Code shall 
not apply in determining the amount of the 
deduction allowable with respect to such 
property under section 168 of such Code, 
(ii) the applicable depreciation method 
used with respect to such property shall be 
the straight line method, and 
(C) the amount of the credit determined 
under section 41 of such Code for any applicable 
taxable year with respect to the partnership shall 
be reduced by the amount of the deemed payment 
under subparagraph (A) for the taxable year. 
(2) TREATMENT OF DEEMED PAYMENT.— 
(A) IN
GENERAL.—Notwithstanding any 
other provision of the Internal Revenue Code of 
1986, the Secretary of the Treasury or his dele-
662 
•HR 3221 EAH2 
gate shall not use the payment of tax described 
in paragraph (1) as an offset or credit against 
any tax liability of the applicable partnership or 
any partner but shall refund such payment to 
the applicable partnership. 
(B) NO INTEREST.—The payment described 
in paragraph (1) shall not be taken into account 
in determining any amount of interest under 
such Code. 
(3) 
AMOUNT
OF
DEEMED
PAYMENT.—The 
amount determined under this paragraph for any ap-
plicable taxable year shall be the least of the fol-
lowing: 
(A) The amount which would be determined 
for the taxable year under section 168(k)(4)(C)(i) 
of the Internal Revenue Code of 1986 (as added 
by the amendments made by this section) if an 
election under section 168(k)(4) of such Code 
were in effect with respect to the partnership. 
(B) The amount of the credit determined 
under section 41 of such Code for the taxable 
year with respect to the partnership. 
(C) $30,000,000, reduced by the amount of 
any payment under this subsection for any pre-
ceding taxable year.
663 
•HR 3221 EAH2 
(4) DEFINITIONS.—For purposes of this sub-
section— 
(A) APPLICABLE PARTNERSHIP.—The term 
‘‘applicable partnership’’ means a domestic part-
nership that— 
(i) was formed effective on August 3, 
2007, and 
(ii) will produce in excess of 675,000 
automobiles during the period beginning on 
January 1, 2008, and ending on June 30, 
2008. 
(B) APPLICABLE TAXABLE YEAR.—The term 
‘‘applicable taxable year’’ means any taxable 
year during which eligible qualified property is 
placed in service. 
(C) ELIGIBLE QUALIFIED PROPERTY.—The 
term ‘‘eligible qualified property’’ has the mean-
ing given such term by section 168(k)(4)(D) of 
the Internal Revenue Code of 1986 (as added by 
the amendments made by this section). 
(c) CONFORMING AMENDMENT.—Section 1324(b)(2) of 
title 31, United States Code, as amended by this Act, is 
amended— 
(1) by inserting ‘‘168(k)(4)(F),’’ after ‘‘36,’’, and
664 
•HR 3221 EAH2 
(2) by inserting ‘‘, or due under section 
3081(b)(2) of the Housing Assistance Tax Act of 
2008’’ before the period at the end. 
(d) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years ending after March 31, 
2008. 
SEC. 3082. CERTAIN GO ZONE INCENTIVES. 
(a) USE OF AMENDED INCOME TAX RETURNS TO 
TAKE INTO ACCOUNT RECEIPT OF CERTAIN HURRICANE- 
RELATED CASUALTY LOSS GRANTS BY DISALLOWING PRE-
VIOUSLY TAKEN CASUALTY LOSS DEDUCTIONS.— 
(1) IN
GENERAL.—Notwithstanding any other 
provision of the Internal Revenue Code of 1986, if a 
taxpayer claims a deduction for any taxable year 
with respect to a casualty loss to a principal resi-
dence (within the meaning of section 121 of such 
Code) resulting from Hurricane Katrina, Hurricane 
Rita, or Hurricane Wilma and in a subsequent tax-
able year receives a grant under Public Law 109–148, 
109–234, or 110–116 as reimbursement for such loss, 
such taxpayer may elect to file an amended income 
tax return for the taxable year in which such deduc-
tion was allowed (and for any taxable year to which 
such deduction is carried) and reduce (but not below
665 
•HR 3221 EAH2 
zero) the amount of such deduction by the amount of 
such reimbursement. 
(2) TIME OF FILING AMENDED RETURN.—Para-
graph (1) shall apply with respect to any grant only 
if any amended income tax returns with respect to 
such grant are filed not later than the later of— 
(A) the due date for filing the tax return for 
the taxable year in which the taxpayer receives 
such grant, or 
(B) the date which is 1 year after the date 
of the enactment of this Act. 
(3) WAIVER OF PENALTIES AND INTEREST.—Any 
underpayment of tax resulting from the reduction 
under paragraph (1) of the amount otherwise allow-
able as a deduction shall not be subject to any penalty 
or interest under such Code if such tax is paid not 
later than 1 year after the filing of the amended re-
turn to which such reduction relates. 
(b) WAIVER OF DEADLINE ON CONSTRUCTION OF GO 
ZONE PROPERTY ELIGIBLE FOR BONUS DEPRECIATION.— 
(1) IN GENERAL.—Subparagraph (B) of section 
1400N(d)(3) is amended to read as follows: 
‘‘(B) without regard to ‘and before January 
1, 2009’ in clause (i) thereof, and’’.
666 
•HR 3221 EAH2 
(2) EFFECTIVE DATE.—The amendment made by 
this subsection shall apply to property placed in serv-
ice after December 31, 2007. 
(c) INCLUSION OF CERTAIN COUNTIES IN GULF OP-
PORTUNITY ZONE FOR PURPOSES OF TAX-EXEMPT BOND 
FINANCING.— 
(1) IN
GENERAL.—Subsection (a) of section 
1400N is amended by adding at the end the following 
new paragraph: 
‘‘(8) INCLUSION
OF
CERTAIN
COUNTIES.—For 
purposes of this subsection, the Gulf Opportunity 
Zone includes Colbert County, Alabama and Dallas 
County, Alabama.’’. 
(2) EFFECTIVE DATE.—The amendment made by 
this subsection shall take effect as if included in the 
provisions of the Gulf Opportunity Zone Act of 2005 
to which it relates. 
SEC. 3083. INCREASE IN STATUTORY LIMIT ON THE PUBLIC 
DEBT. 
Subsection (b) of section 3101 of title 31, United States 
Code, is amended by striking out the dollar limitation con-
tained in such subsection and inserting in lieu thereof 
$10,615,000,000,000.
667 
•HR 3221 EAH2 
Subtitle B—Revenue Offsets 
SEC. 3091. RETURNS RELATING TO PAYMENTS MADE IN 
SETTLEMENT OF PAYMENT CARD AND THIRD 
PARTY NETWORK TRANSACTIONS. 
(a) IN GENERAL.—Subpart B of part III of subchapter 
A of chapter 61 is amended by adding at the end the fol-
lowing new section: 
‘‘SEC. 6050W. RETURNS RELATING TO PAYMENTS MADE IN 
SETTLEMENT OF PAYMENT CARD AND THIRD 
PARTY NETWORK TRANSACTIONS. 
‘‘(a) IN GENERAL.—Each payment settlement entity 
shall make a return for each calendar year setting forth— 
‘‘(1) the name, address, and TIN of each partici-
pating payee to whom one or more payments in set-
tlement of reportable payment transactions are made, 
and 
‘‘(2) the gross amount of the reportable payment 
transactions with respect to each such participating 
payee. 
Such return shall be made at such time and in such form 
and manner as the Secretary may require by regulations. 
‘‘(b) PAYMENT SETTLEMENT ENTITY.—For purposes of 
this section— 
‘‘(1) IN GENERAL.—The term ‘payment settle-
ment entity’ means—
668 
•HR 3221 EAH2 
‘‘(A) in the case of a payment card trans-
action, the merchant acquiring entity, and 
‘‘(B) in the case of a third party network 
transaction, the third party settlement organiza-
tion. 
‘‘(2) MERCHANT ACQUIRING ENTITY.—The term 
‘merchant acquiring entity’ means the bank or other 
organization which has the contractual obligation to 
make payment to participating payees in settlement 
of payment card transactions. 
‘‘(3) THIRD
PARTY
SETTLEMENT
ORGANIZA-
TION.—The term ‘third party settlement organization’ 
means the central organization which has the contrac-
tual obligation to make payment to participating 
payees of third party network transactions. 
‘‘(4) SPECIAL
RULES
RELATED
TO
INTER-
MEDIARIES.—For purposes of this section— 
‘‘(A) AGGREGATED PAYEES.—In any case 
where reportable payment transactions of more 
than one participating payee are settled through 
an intermediary— 
‘‘(i) such intermediary shall be treated 
as the participating payee for purposes of 
determining the reporting obligations of the
669 
•HR 3221 EAH2 
payment settlement entity with respect to 
such transactions, and 
‘‘(ii) such intermediary shall be treated 
as the payment settlement entity with re-
spect to the settlement of such transactions 
with the participating payees. 
‘‘(B) 
ELECTRONIC
PAYMENT 
FACILITATORS.—In any case where an electronic 
payment facilitator or other third party makes 
payments in settlement of reportable payment 
transactions on behalf of the payment settlement 
entity, the return under subsection (a) shall be 
made by such electronic payment facilitator or 
other third party in lieu of the payment settle-
ment entity. 
‘‘(c) REPORTABLE PAYMENT TRANSACTION.—For pur-
poses of this section— 
‘‘(1) IN GENERAL.—The term ‘reportable pay-
ment transaction’ means any payment card trans-
action and any third party network transaction. 
‘‘(2) PAYMENT CARD TRANSACTION.—The term 
‘payment card transaction’ means any transaction in 
which a payment card is accepted as payment. 
‘‘(3) THIRD
PARTY
NETWORK
TRANSACTION.— 
The term ‘third party network transaction’ means
670 
•HR 3221 EAH2 
any transaction which is settled through a third 
party payment network. 
‘‘(d) OTHER DEFINITIONS.—For purposes of this sec-
tion— 
‘‘(1) PARTICIPATING PAYEE.— 
‘‘(A) IN GENERAL.—The term ‘participating 
payee’ means— 
‘‘(i) in the case of a payment card 
transaction, any person who accepts a pay-
ment card as payment, and 
‘‘(ii) in the case of a third party net-
work transaction, any person who accepts 
payment from a third party settlement or-
ganization in settlement of such trans-
action. 
‘‘(B) EXCLUSION OF FOREIGN PERSONS.— 
Except as provided by the Secretary in regula-
tions or other guidance, such term shall not in-
clude any person with a foreign address. 
‘‘(C) 
INCLUSION
OF
GOVERNMENTAL 
UNITS.—The term ‘person’ includes any govern-
mental unit (and any agency or instrumentality 
thereof).
671 
•HR 3221 EAH2 
‘‘(2) PAYMENT CARD.—The term ‘payment card’ 
means any card which is issued pursuant to an 
agreement or arrangement which provides for— 
‘‘(A) one or more issuers of such cards, 
‘‘(B) a network of persons unrelated to each 
other, and to the issuer, who agree to accept such 
cards as payment, and 
‘‘(C) standards and mechanisms for settling 
the transactions between the merchant acquiring 
entities and the persons who agree to accept such 
cards as payment. 
The acceptance as payment of any account number or 
other indicia associated with a payment card shall be 
treated for purposes of this section in the same man-
ner as accepting such payment card as payment. 
‘‘(3) THIRD
PARTY
PAYMENT
NETWORK.—The 
term ‘third party payment network’ means any agree-
ment or arrangement— 
‘‘(A) which involves the establishment of ac-
counts with a central organization by a substan-
tial number of persons who— 
‘‘(i) are unrelated to such organization, 
‘‘(ii) provide goods or services, and 
‘‘(iii) have agreed to settle transactions 
for the provision of such goods or services
672 
•HR 3221 EAH2 
pursuant to such agreement or arrange-
ment, 
‘‘(B) which provides for standards and 
mechanisms for settling such transactions, and 
‘‘(C) which guarantees persons providing 
goods or services pursuant to such agreement or 
arrangement that such persons will be paid for 
providing such goods or services. 
Such term shall not include any agreement or ar-
rangement which provides for the issuance of pay-
ment cards. 
‘‘(e) EXCEPTION
FOR DE MINIMIS PAYMENTS
BY 
THIRD PARTY SETTLEMENT ORGANIZATIONS.—A third 
party settlement organization shall be required to report 
any information under subsection (a) with respect to third 
party network transactions of any participating payee only 
if— 
‘‘(1) the amount which would otherwise be re-
ported under subsection (a)(2) with respect to such 
transactions exceeds $20,000, and 
‘‘(2) the aggregate number of such transactions 
exceeds 200. 
‘‘(f) STATEMENTS TO BE FURNISHED TO PERSONS 
WITH RESPECT TO WHOM INFORMATION IS REQUIRED.— 
Every person required to make a return under subsection
677 
•HR 3221 EAH2 
‘‘(C) PERIOD OF NONQUALIFIED USE.—For 
purposes of this paragraph— 
‘‘(i) IN GENERAL.—The term ‘period of 
nonqualified use’ means any period (other 
than the portion of any period preceding 
January 1, 2009) during which the prop-
erty is not used as the principal residence 
of the taxpayer or the taxpayer’s spouse or 
former spouse. 
‘‘(ii) EXCEPTIONS.—The term ‘period 
of nonqualified use’ does not include— 
‘‘(I) any portion of the 5-year pe-
riod described in subsection (a) which 
is after the last date that such property 
is used as the principal residence of the 
taxpayer or the taxpayer’s spouse, 
‘‘(II) any period (not to exceed an 
aggregate period of 10 years) during 
which the taxpayer or the taxpayer’s 
spouse is serving on qualified official 
extended duty (as defined in subsection 
(d)(9)(C)) described in clause (i), (ii), 
or (iii) of subsection (d)(9)(A), and 
‘‘(III) any other period of tem-
porary absence (not to exceed an aggre-
678 
•HR 3221 EAH2 
gate period of 2 years) due to change 
of employment, health conditions, or 
such other unforeseen circumstances as 
may be specified by the Secretary. 
‘‘(D) COORDINATION WITH RECOGNITION OF 
GAIN
ATTRIBUTABLE
TO
DEPRECIATION.—For 
purposes of this paragraph— 
‘‘(i) subparagraph (A) shall be applied 
after the application of subsection (d)(6), 
and 
‘‘(ii) subparagraph (B) shall be ap-
plied without regard to any gain to which 
subsection (d)(6) applies.’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to sales and exchanges after December 
31, 2008. 
SEC. 3093. DELAY IN APPLICATION OF WORLDWIDE ALLOCA-
TION OF INTEREST. 
(a) IN GENERAL.—Paragraphs (5)(D) and (6) of sec-
tion 864(f) are each amended by striking ‘‘December 31, 
2008’’ and inserting ‘‘December 31, 2010’’. 
(b) TRANSITIONAL RULE.—Subsection (f) of section 
864 is amended by adding at the end the following new 
paragraph:
679 
•HR 3221 EAH2 
‘‘(7) TRANSITION.—In the case of the first tax-
able year to which this subsection applies, the in-
crease (if any) in the amount of the interest expense 
allocable to sources within the United States by rea-
son of the application of this subsection shall be 30 
percent of the amount of such increase determined 
without regard to this paragraph.’’. 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2008. 
SEC. 3094. TIME FOR PAYMENT OF CORPORATE ESTIMATED 
TAXES. 
(a) REPEAL OF ADJUSTMENT FOR 2012.—Subpara-
graph (B) of section 401(1) of the Tax Increase Prevention 
and Reconciliation Act of 2005 is amended by striking the 
percentage contained therein and inserting ‘‘100 percent’’. 
No other provision of law which would change such percent-
age shall have any force and effect. 
(b) MODIFICATION OF ADJUSTMENT FOR 2013.—The 
percentage under subparagraph (C) of section 401(1) of the 
Tax Increase Prevention and Reconciliation Act of 2005 in 
effect on the date of the enactment of this Act is increased 
by 16.75 percentage points.
680 
•HR 3221 EAH2 
Resolved further, That the House recedes from any re-
maining amendments to the aforesaid bill or disagreements 
thereto. 
Attest: 
Clerk.
110TH CONGRESS 
2D SESSION 
H.R. 3221 
HOUSE AMENDMENT 
TO SENATE 
AMENDMENT TO 
HOUSE AMENDMENTS 
TO SENATE 
AMENDMENT