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MOTION TO RECOMMIT H. J. RES. 44

OFFERED BY Ml. llllll

Ml. llllllllllll moves to recom-

mit the joint resolution H. J. Res. 44 to the Committee
on Appropriations with instructions to report the same
back to the House forthwith with the following amend-
ments:

Page 18, line 21, strike the quotation marks and

final period.

Page 18, after line 21, insert the following:

1 ‘‘SEC. 227. For the period beginning on the date of

2 the enactment of the Further Continuing Appropriations
3 Amendments, 2011 and ending on the date specified in
4 section 106(3) of this Act, no major integrated oil com-
5 pany (as defined in section 167(h)(5)(B) of the Internal
6 Revenue Code of 1986) shall be eligible for any tax benefit
7 or relief under the following provisions of such Code to
8 the extent attributable to such period:
9 ‘‘(1) Section 43.
10 ‘‘(2) Section 45I.
11 ‘‘(3) Section 469 with respect to working inter-
12 ests in oil and gas property.

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2
1 ‘‘(4) Sections 613 and 613A, with respect to
2 percentage depletion for oil and gas.
3 ‘‘(5) Section 199 with respect to income derived
4 from the production of oil and gas.
5 For purposes of this section, the amount of any tax benefit
6 or relief for any taxable year shall be treated as attrib-
7 utable to the period described in the preceding sentence
8 in the same ratio that the portion of such period which
9 is part of such taxable year bears to the entire taxable
10 year.’’.
◊

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