[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1861 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 1861

    To amend the Internal Revenue Code of 1986 to provide a 2-year 
extension of the increased rehabilitation credit for structures in the 
                         Gulf Opportunity Zone.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 22, 2009

 Ms. Landrieu (for herself, Mr. Wicker, and Mr. Vitter) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to provide a 2-year 
extension of the increased rehabilitation credit for structures in the 
                         Gulf Opportunity Zone.

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

SECTION 1. 2-YEAR EXTENSION OF INCREASED REHABILITATION CREDIT FOR 
              STRUCTURES IN THE GULF OPPORTUNITY ZONE.

    (a) In General.--Section 1400N(h) of the Internal Revenue Code of 
1986 is amended by striking ``December 31, 2009'' and inserting 
``December 31, 2011''.
    (b) Effective Date.--The amendment made by this section shall apply 
to expenditures paid or incurred after December 31, 2009.
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