[Congressional Record (Bound Edition), Volume 152 (2006), Part 5]
[House]
[Page 5945]
[From the U.S. Government Publishing Office, www.gpo.gov]




ANNOUNCEMENT OF INTENTION TO OFFER MOTION TO INSTRUCT CONFEREES ON H.R. 
         4297, TAX RELIEF EXTENSION RECONCILIATION ACT OF 2005

  Mr. McDERMOTT. Mr. Speaker, under rule XXII, clause 7(c), I hereby 
announce my intention to offer a motion to instruct on H.R. 4297, the 
tax reconciliation conference report.
  The form of the motion is as follows:
       I move that the managers on the part of the House at the 
     conference on the disagreeing votes of the two Houses on the 
     Senate amendment to the bill H.R. 4297 be instructed--
       (1) to agree to the following provisions of the Senate 
     amendment: section 461 (relating to revaluation of LIFO 
     inventories of large integrated oil companies), section 462 
     (relating to elimination of amortization of geological and 
     geophysical expenditures for major integrated oil companies), 
     and section 470 (relating to modifications of foreign tax 
     credit rules applicable to large integrated oil companies 
     which are dual capacity taxpayers), and
       (2) to recede from the provisions of the House bill that 
     extend the lower tax rate on dividends and capital gains that 
     would otherwise terminate at the close of 2008.

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