,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bieh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #bj1 
#bjad ,mr4 ,toomey introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to expand the   
employer wage credit for employees who  
are active duty members of the          
,uniformed ,services4  #a4 ,short title 
,this ,act may be cited as the ,guard   
and ,military ,reservist ,pay ,security 
,act4  #b4 ,expansion of employer wage  
credit for employees who are active duty
 members of the ,uniformed ,services    
7a7  ,permanent extension  ,section     
#de,p of the ,internal ,revenue ,code of
 #aihf is amended by striking subsection
 7f74  7b7 ,expansion of credit  7#a7   
,expansion to #ajj percent of eligible  
differential wage payments ,subsection  
7a7 of section #de,p of the ,internal   
,revenue ,code of #aihf is amended by   
striking #bj percent of4  7#b7          

,adjustment for inflation ,subsection   
7b7 of section #de,p of such ,code is   
amended by adding at the end the        
following new paragraph3  7#d7          
,adjustment for inflation ,in the case  
of any taxable year beginning after     
#bjae1 the #bj1jjj amount in paragraph  
7#a7 shall be increased by an amount    
equal to-- 7,a7 such dollar amount1     
multiplied by  7,b7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1 by       
substituting calendar year #bjad for    
calendar year #aiib in subparagraph 7,b7
 thereof4  ,if the amount as increased  
under the preceding sentence is not a   
multiple of #ajj1 such amount shall be  
rounded to the nearest multiple of #ajj4
  4  7#c7 ,applicability to all         
employers  7,a7 ,in general ,subsection 
7a7 of section #de,p of such ,code1 as  
amended by paragraph 7#a71 is amended by
 striking eligible small business       
employer and inserting eligible         

employer4  7,b7 ,conforming amendments  
,paragraph 7#c7 of section #de,p7b7 of  
such ,code is amended-- 7i7 in          
subparagraph 7,a7-- 7,i7 by striking    
eligible small business employer and    
inserting eligible employer1 and  7,,ii7
 by striking any employer which and all 
that follows and inserting any employer 
which1 under a written plan of the      
employer1 provides eligible differential
 wage payments to every qualified       
employee of the employer41 and  7ii7 by 
striking ,eligible small business       
employer in the heading and inserting   
,eligible employer4  7c7 ,effective date
 ,the amendments made by this section   
shall apply to payments made after      
,december #ca1 #bjad4