[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6423 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 6423

      To reauthorize the Secure Rural Schools and Community Self-
Determination Act of 2000 and to offset the cost of payments to States 
          and counties under such Act, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 8, 2006

 Mr. Walden of Oregon (for himself, Mr. Barton of Texas, Mr. DeFazio, 
Mr. Doolittle, Mr. Dicks, Mr. Thompson of California, and Mr. Hastings 
of Washington) introduced the following bill; which was referred to the 
   Committee on Ways and Means, and in addition to the Committees on 
 Agriculture and Resources, for a period to be subsequently determined 
 by the Speaker, in each case for consideration of such provisions as 
        fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
      To reauthorize the Secure Rural Schools and Community Self-
Determination Act of 2000 and to offset the cost of payments to States 
          and counties under such Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ONE-YEAR EXTENSION OF PAYMENTS AND OTHER AUTHORITIES UNDER 
              THE SECURE RURAL SCHOOLS AND COMMUNITY SELF-DETERMINATION 
              ACT OF 2000.

    (a) One-Year Extension.--The Secure Rural Schools and Community 
Self-Determination Act of 2000 (Public Law 106-393; 16 U.S.C. 500 note) 
is amended--
            (1) in sections 208 and 303, by striking ``2007'' both 
        places it appears and inserting ``2008''; and
            (2) in sections 101(a), 102(b)(2), 103(b)(1), 203(a)(1), 
        207(a), 208, 303, and 401, by striking ``2006'' each place it 
        appears and inserting ``2007''.
    (b) Offset.--
            (1) Temporary acceleration of effective date.--Section 
        511(b) of the Tax Increase Prevention and Reconciliation Act of 
        2005 (Public Law 109-222; 120 Stat. 365) is amended by striking 
        ``after December 31, 2010'' and inserting ``during the period 
        beginning on January 1, 2007, and ending on December 31, 2007, 
        and after December 31, 2010''.
            (2) Exclusion for payments to small businesses.--Paragraph 
        (2) of section 3402(t) of the Internal Revenue Code of 1986 is 
        amended by striking ``and'' at the end of subparagraph (H), by 
        striking the period at the end of subparagraph (I) and 
        inserting a semicolon, and by adding at the end the following 
        new subparagraphs:
                    ``(J) during the period beginning on January 1, 
                2007, and ending on December 31, 2007, to any business 
                which employed fewer than 50 employees during the 
                preceding taxable year; and
                    ``(K) during the period beginning on January 1, 
                2007, and ending on December 31, 2007, for State and 
                local governments.
        For purposes of subparagraphs (J) and (K), rules similar to the 
        rules of paragraphs (2)(A) and (6) of section 44(d) shall 
        apply.''.
            (3) Effective date.--The amendments made by this subsection 
        shall take effect as if included in the Tax Increase Prevention 
        and Reconciliation Act of 2005 (Public Law 109-222).
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