II 111th CONGRESS 1st Session S. 1861 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.

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.