[Congressional Record Volume 162, Number 54 (Monday, April 11, 2016)]
[Senate]
[Pages S1869-S1870]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3620. Mr. BOOKER submitted an amendment intended to be proposed to
amendment SA 3464 submitted by Mr. Thune (for himself and Mr. Nelson)
to the bill H.R. 636, to amend the Internal Revenue Code of 1986 to
permanently extend increased expensing limitations, and for other
purposes; as follows:
At the end of subtitle B of title I, add the following:
SEC. 1226. DEFINITION OF SMALL BUSINESS CONCERN.
Section 47113(a)(1) is amended to read as follows:
``(1) `small business concern'--
``(A) except as provided in subparagraph (B), has the same
meaning given that term
[[Page S1870]]
in section 3 of the Small Business Act (15 U.S.C. 632); and
``(B) in the case of a concern in the construction
industry, a concern shall be considered a small business
concern if the concern meets the size standard for the North
American Industry Classification System Code 237310, as
adjusted by the Small Business Administration;''.
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