Congressional Record: Proceedings and Debates of the 106th Congress, Second Session, Volume 146, Part 11 Page: 15,115
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July 18, 2000
CONGRESSIONAL RECORD-SENATE
"(3) SPECIAL RULES FOR SMALL ETHANOL
PRODUCER CREDIT.-
"(A) IN GENERAL.-In the case of the small
ethanol producer credit-
"(i) this section and section 39 shall be ap-
plied separately with respect to the credit,
and
"(ii) in applying paragraph (1) to the cred-
it-
"(I) subparagraphs (A) and (B) thereof shall
not apply, and
"(II) the limitation under paragraph (1) (as
modified by subclause (I)) shall be reduced
by the credit allowed under subsection (a) for
the taxable year (other than the small eth-
anol producer credit).
"(B) SMALL ETHANOL PRODUCER CREDIT.-
For purposes of this subsection, the term
'small ethanol producer credit' means the
credit allowable under subsection (a) by rea-
son of section 40(a)(3).".
(B) CONFORMING AMENDMENT.-Subclause
(II) of section 38(c)(2)(A)(ii) of such Code is
amended by inserting "or the small ethanol
producer credit" after "employment credit".
(4) SMALL ETHANOL PRODUCER CREDIT NOT
ADDED BACK TO INCOME UNDER SECTION 87.-
Section 87 of such Code (relating to income
inclusion of alcohol fuel credit is amended to
read as follows:
"SEC. 87. ALCOHOL FUEL CREDIT.
"Gross income includes an amount equal
to the sum of-
"(1) the amount of the alcohol mixture
credit determined with respect to the tax-
payer for the taxable year under section
40(a)(1), and
"(2) the alcohol credit determined with re-
spect to the taxpayer for the taxable year
under section 40(a)(2).".
(c) CONFORMING AMENDMENT.-Section 1388
of the Internal Revenue Code of 1986 (relat-
ing to definitions and special rules for coop-
erative organizations) is amended by adding
at the end the following:
"(k) CROSS REFERENCE.-For provisions re-
lating to the apportionment of the alcohol
fuels credit between cooperative organiza-
tions and their patrons, see section 40(d) (6)."
(d) EFFECTIVE DATES.-
(1) IN GENERAL.-Except as provided in
paragraph (2), the amendments made by this
section shall apply to taxable years begin-
ning after December 31, 1997.
(2) CERTAIN PROVISIONS.-The amendments
made by paragraphs (1) and (4) of subsection
(b) shall apply to taxable years ending after
the date of the enactment of this Act.
By Mr. WARNER (for himself and
Mr. ROBB):
S. 2885. A bill to establish the James-
town 400th Commemoration Commis-
sion, and for other purposes; to the
Committee on Energy and Natural Re-
sources.
THE JAMESTOWN 400TH COMMEMORATION
COMMISSION ACT
Mr. WARNER. Mr. President, today I
introduce legislation to establish a fed-
eral commission to join the Common-
wealth of Virginia in preparing for the
400th anniversary of the founding of
the Jamestown settlement, the first
permanent English settlement in the
United States.
In a little more than six years, Amer-
ica will observe one of its most impor-
tant anniversaries with the celebration
of the Jamestown quadricentennial. On
May 13, 1607, nearly five months aftersetting sail from London, a group of 104
English men and boys selected a site on
the banks of Virginia's James River as
their new home. Settling Jamestown
was a momentous event in American
history.
While the Spanish founded St. Augus-
tine in Florida in the 1560's and the
English attempted to colonize Roanoke
Island in North Carolina in the 1580's,
Jamestown was America's first suc-
cessful, permanent European settle-
ment. Jamestown is the birthplace of
our nation, and is where representative
government in the Americas began.
The founding of Jamestown marks the
beginning of what Alex de Toqueville
described as the United States' "great
experiment" in democracy.
The establishment of Jamestown re-
mains a cornerstone event in American
history because of the lasting tradi-
tions that the English brought with
them, including the legacy of language
and common law that have shaped our
great republic for decades.
Celebrating the 400th Anniversary of
Jamestown marks an important oppor-
tunity to remember and reflect on how
our ancestors established Virginia: how
they treated America's original inhab-
itants, the Indians, and how the slave
trade was begun. While injustice is a
major part of this historical legacy, it
is also the legacy that marked the be-
ginning of our rich cultural heritage
that defines the United States today.
With the 2007 celebration we have a
chance to properly remember a story-
too often glossed over-of the "darker
side of the Jamestown legacy" as one
scholar has noted, "a legacy of slavery;
of warfare and conquest; of the dis-
placement and decimation of Native
Americans; of damage to the natural
environment."
The history of Jamestown is rich,
complex, tragic and inspirational. Cer-
tainly, an important part of
Jamestown's history is the beginning
of the distinct American spirit of ex-
ploration and adventure. The James-
town adventure led directly to the for-
mation of the great American prin-
ciples of rule of law, religious and po-
litical freedom and the rights of man.
The establishment of these pillars of
American government was, again,
unique in the history of man and gov-
ernment. The United States stands
today as the world's longest lived, con-
tinuous democratic republic in exist-
ence today.
The Jamestown story is also the
story of the beginning of truly global
commerce. Not only was the establish-
ment of Jamestown a commercial ven-
ture, it was a venture that coincided
with an emerging worldwide cap-
italism. The landing was one of many
efforts by primarily western European
countries to go beyond a country's
boundaries in search of commercially
important natural resources.
The English came to Virginia looking
for economic gain, but found personalfreedom. They quickly found that the
British model of government was not
well-suited to the challenges of the
New World.
Americans have joined in celebrating
Jamestown's founding with major
events during the past two centuries,
most recently in 1957. These occasions
have been marked with parades to an
eight-month international exposition.
The 2007 Jamestown celebration will
allow us to learn from our past as we
prepare for the future. It is a national
event that deserves our national atten-
tion and commemoration. The commis-
sion will bring the many talents of
noted historians and scholars together
with the Commonwealth's plans to
fully observe the Jamestown experi-
ment and its lasting contributions to
our society.
Mr. ROBB. Mr. President, I want to
join my senior colleague today in in-
troducing legislation that will estab-
lish a Federal commission to com-
memorate the founding of the English
colony at Jamestown nearly 400 years
ago. Jamestown, the first permanent
English Colony in the new world, holds
enormous significance for us as a na-
tion. We are an English speaking na-
tion and our laws are based on English
law. The history of Jamestown is the
earliest history of the United States,
and our culture still reflects those be-
ginnings.
Jamestown was the capitol of Vir-
ginia for 92 years and was the center of
cultural activity for the new colony.
The celebration of the 400th anniver-
sary of the founding of Jamestown is
important to Virginia, and the Nation.
In order to ensure that the celebration
be conducted in a way that all Ameri-
cans can appreciate and share in the
history of Jamestown, we propose to
establish a federal commission that
will assist in developing federal activi-
ties that will complement those pro-
grams and activities undertaken by the
Commonwealth of Virginia.
Currently the Commonwealth of Vir-
ginia and the federal government,
through the Department of Interior,
work together at Jamestown to tell the
story of the early colonial times. The
commission will provide additional as-
sistance, and coordination and will pro-
vide support for the scholarly research
that is ongoing at the Jamestown site.
The commission can help ensure that
the celebration of our earliest history
is accessible to a broad range of Ameri-
cans, and not just those in the imme-
diate vicinity of the original colony.
The authority for the Commission
will terminate one year after the
Jamestown celebration in 2007 and
after completing a report on its activi-
ties. The report will not only tell the
story of the Jamestown celebration,
but will provide guideposts and infor-
mation for national celebrations in the
future. Having an end to the commis-
sion's work will ensure that the organi-
zation will not outlive its usefulness.15115
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United States. Congress. Congressional Record: Proceedings and Debates of the 106th Congress, Second Session, Volume 146, Part 11, book, 2000; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc31029/m1/84/: accessed April 26, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.