[Congressional Record Volume 163, Number 196 (Friday, December 1, 2017)]
[Senate]
[Page S7731]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1841. Mr. GARDNER submitted an amendment intended to be proposed 
to amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for 
himself and Ms. Murkowski)) to the bill H.R. 1, to provide for 
reconciliation pursuant to titles II and V of the concurrent resolution 
on the budget for fiscal year 2018; which was ordered to lie on the 
table; as follows:

       At the appropriate place in title I, insert the following:

     SEC. ____. BASE EROSION AND ANTI-ABUSE TAX IMPROVEMENTS.

       (a) In General.--Section 59A(b), as added by section 14401 
     of this Act, is amended--
       (1) in paragraph (1)(B), by striking clause (ii) and 
     inserting the following:
       ``(ii) the sum of--

       ``(I) the credit allowed under section 38 for the taxable 
     year which are properly allocable to the research credit 
     determined under section 41(a);
       ``(II) the credits determined under section 45 (including 
     the refined coal credit); and
       ``(III) the energy credit determined under section 48(a) 
     with respect to a facility or property the construction of 
     which begins on or before January 1, 2020.''; and

       (2) in paragraph (2)(B), by inserting ``(other than a 
     credit described in subclause (II) or (III) of paragraph 
     (1)(B)(ii))'' after ``allowed under this chapter''.
       (b) Revenue Dependent Proposal.--Section 59A(b), as amended 
     by section 15004, if amended, is further amended by striking 
     paragraph (2)(B) and inserting the following:
       ``(B) the sum of--
       ``(i) the credit allowed under section 38 for the taxable 
     year which are properly allocable to the research credit 
     determined under section 41(a);
       ``(ii) the credits determined under section 45 (including 
     the refined coal credit); and
       ``(iii) the energy credit determined under section 48(a) 
     with respect to a facility or property the construction of 
     which begins on or before January 1, 2020.''.
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