[Congressional Record (Bound Edition), Volume 156 (2010), Part 2]
[Senate]
[Pages 2274-2275]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   TAX EXTENDERS ACT OF 2009--Resumed

  The PRESIDING OFFICER. The clerk will report the pending business.
  The legislative clerk read as follows:

       A bill (H.R. 4213) to amend the Internal Revenue Code of 
     1986 to extend certain expiring provisions, and for other 
     purposes.

  Pending:

       Baucus amendment No. 3336, in the nature of a substitute.
       Sessions amendment No. 3337 ( to amendment No. 3336), to 
     reduce the deficit by establishing discretionary spending 
     caps.
       Thune amendment No. 3338 ( to amendment No. 3336), to 
     create additional tax relief for businesses.
  The PRESIDING OFFICER. The Senator from Louisiana.


                Amendment No. 3335 to Amendment No. 3336

  Ms. LANDRIEU. Madam President, I know we have returned to H.R. 4213. 
It is my intention to call up amendment No. 3335, sponsored by myself, 
Senator Cochran, Senator Wicker, and Senator Vitter.
  The PRESIDING OFFICER. Without objection, the pending amendment is 
set aside.
  The clerk will report the amendment.
  The legislative clerk read as follows:

       The Senator from Louisiana [Ms. LANDRIEU], for herself, Mr. 
     Vitter, Mr. Wicker, and Mr. Cochran, proposes an amendment 
     numbered 3335 to amendment No. 3336.

  The amendment is as follows:

(Purpose: To amend the Internal Revenue Code of 1986 to extend the low-
         income housing credit rules for buildings in GO Zones)

       After section 185, insert the following:

[[Page 2275]]



     SEC. 186. EXTENSION OF LOW-INCOME HOUSING CREDIT RULES FOR 
                   BUILDINGS IN GO ZONES.

       Section 1400N(c)(5) is amended by striking ``January 1, 
     2011'' and inserting ``January 1, 2013''.

  The PRESIDING OFFICER. The Senator from Louisiana.
  Ms. LANDRIEU. Madam President, I spoke at length about this amendment 
today, so it is not necessary for me to go into a great deal of detail. 
I offer it on behalf of several Senators from the gulf coast in order 
to help extend the placed-in-service state for several low-income 
housing units along the gulf coast. We are not asking for additional 
authority, we are not asking for new tax credits but just to allow us 
the tax credits that have already been allocated.
  Without the State extension, we will lose literally thousands of 
affordable housing dwellings and approximately 13,000 jobs. Since we 
are focused on jobs and focused on economic growth and development, we 
thought this would be an appropriate amendment to this bill.
  I have called up the amendment, and I will allow the leadership to 
decide when the appropriate time to vote on this amendment will be.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The assistant legislative clerk proceeded to call the roll.
  Mr. SCHUMER. Madam President, I ask unanimous consent that the order 
for the quorum call be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.

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