113 S2260 PCS: Expiring Provisions Improvement, Reform, and Efficiency Act of 2014
U.S. Senate
2014-04-28
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.
(a)
This Act may be cited as the Expiring Provisions Improvement, Reform, and Efficiency Act of 2014
or the EXPIRE Act of 2014
.
(b)
Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in
terms of an amendment to, or repeal of, a section or other provision, the
reference shall be considered to be made to a section or other provision
of the Internal Revenue Code of 1986.
(c)
The table of contents for this Act is as follows:
Sec. 1. Short title, etc.
Sec. 2. Sense of the Senate.
TITLE I—Provisions expiring in 2013
Subtitle A—Individual tax extenders
Sec. 101. Extension of health care tax credit.
Sec. 102. Extension of deduction for certain expenses of elementary and secondary school teachers.
Sec. 103. Extension of exclusion from gross income of discharge of qualified principal residence
indebtedness.
Sec. 104. Extension of parity and modification of exclusion from income for employer-provided mass
transit and parking benefits.
Sec. 105. Extension of mortgage insurance premiums treated as qualified residence interest.
Sec. 106. Extension of deduction of State and local general sales taxes.
Sec. 107. Extension of special rule for contributions of capital gain real property made for
conservation purposes.
Sec. 108. Extension of above-the-line deduction for qualified tuition and related expenses.
Sec. 109. Extension of tax-free distributions from individual retirement plans for charitable
purposes.
Subtitle B—Business tax extenders
Sec. 111. Extension and modification of research credit.
Sec. 112. Extension and modification of temporary minimum low-income housing tax credit rate for
non-federally subsidized buildings.
Sec. 113. Extension of military housing allowance exclusion for determining whether a tenant in
certain counties is low-income.
Sec. 114. Extension of Indian employment tax credit.
Sec. 115. Extension and modification of new markets tax credit.
Sec. 116. Extension of railroad track maintenance credit.
Sec. 117. Extension of mine rescue team training credit.
Sec. 118. Extension and modification of employer wage credit for employees who are active duty
members of the uniformed services.
Sec. 119. Extension and modification of work opportunity tax credit.
Sec. 120. Extension and modification of qualified zone academy bonds.
Sec. 121. Extension of classification of certain race horses as 3-year property.
Sec. 122. Extension of 15-year straight-line cost recovery for qualified leasehold improvements,
qualified restaurant buildings and improvements, and qualified retail
improvements.
Sec. 123. Extension of 7-year recovery period for motorsports entertainment complexes.
Sec. 124. Extension of accelerated depreciation for business property on an Indian reservation.
Sec. 125. Extension of bonus depreciation.
Sec. 126. Extension of enhanced charitable deduction for contributions of food inventory.
Sec. 127. Extension and modification of increased expensing limitations and treatment of certain
real property as section 179 property.
Sec. 128. Extension of election to expense mine safety equipment.
Sec. 129. Extension of special expensing rules for certain film and television productions; special
expensing for live theatrical productions.
Sec. 130. Extension of deduction allowable with respect to income attributable to domestic
production activities in Puerto Rico.
Sec. 131. Extension of modification of tax treatment of certain payments to controlling exempt
organizations.
Sec. 132. Extension of treatment of certain dividends of regulated investment companies.
Sec. 133. Extension of RIC qualified investment entity treatment under FIRPTA.
Sec. 134. Extension of subpart F exception for active financing income.
Sec. 135. Extension of look-thru treatment of payments between related controlled foreign
corporations under foreign personal holding company rules.
Sec. 136. Extension of temporary exclusion of 100 percent of gain on certain small business stock.
Sec. 137. Extension of basis adjustment to stock of S corporations making charitable contributions
of property.
Sec. 138. Extension of reduction in S-corporation recognition period for built-in gains tax.
Sec. 139. Extension of empowerment zone tax incentives.
Sec. 140. Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico
and the Virgin Islands.
Sec. 141. Extension of American Samoa economic development credit.
Subtitle C—Energy tax extenders
Sec. 151. Extension and modification of credit for nonbusiness energy property.
Sec. 152. Extension of credit for 2-wheeled plug-in electric vehicles.
Sec. 153. Extension of second generation biofuel producer credit.
Sec. 154. Extension of incentives for biodiesel and renewable diesel.
Sec. 155. Extension and modification of production credit for Indian coal facilities placed in
service before 2009.
Sec. 156. Extension of credits with respect to facilities producing energy from certain renewable
resources.
Sec. 157. Extension of credit for energy-efficient new homes.
Sec. 158. Extension of special allowance for second generation biofuel plant property.
Sec. 159. Extension and modification of energy efficient commercial buildings deduction.
Sec. 160. Extension of special rule for sales or dispositions to implement FERC or State electric
restructuring policy for qualified electric utilities.
Sec. 161. Extension of excise tax credits relating to certain fuels.
TITLE II—Provisions expiring in 2014
Subtitle A—Energy tax extenders
Sec. 201. Extension of credit for new qualified fuel cell motor vehicles.
Sec. 202. Extension of credit for alternative fuel vehicle refueling property.
Subtitle B—Extenders relating to multiemployer defined benefit pension plans
Sec. 251. Extension of automatic extension of amortization periods.
Sec. 252. Extension of funding improvement and rehabilitation plan rules.
TITLE III—Revenue provisions
Sec. 301. Penalty for failure to meet due diligence requirements for the child tax credit.
Sec. 302. 100 percent continuous levy on payment to medicare providers and suppliers.
Sec. 303. Exclusion from gross income of certain clean coal power grants to non-corporate
taxpayers.
Sec. 304. Reform of rules relating to qualified tax collection contracts.
Sec. 305. Special compliance personnel program.
Sec. 306. Exclusion of dividends from controlled foreign corporations from the definition of
personal holding company income for purposes of the personal holding
company rules.
Sec. 307. Inflation adjustment for certain civil penalties under the Internal Revenue Code of 1986.
TITLE IV—Budgetary effects
Sec. 401. Budgetary effects.
2.It is the sense of the Senate that—(1)a process of comprehensive tax reform should commence in the 114th Congress and should conclude
before January 1, 2016;(2)Congress should endeavor, as part of such a tax reform process, to eliminate temporary provisions
from the Internal Revenue Code of 1986 by making permanent those
provisions that merit permanency and allowing others to expire;(3)a major focus of such tax reform process should be fostering economic growth and lowering tax rates
by broadening the tax base; and(4)the chairman and ranking member of the Committee on Finance of the Senate should consult with the
chairman and
ranking member of the Committee on the Budget of the Senate to ensure that
the
appropriate baseline is used in determining the economic effects of, and
rate adjustments under, tax reform.
<enum>I</enum>
<header>Provisions expiring in 2013</header>
<subtitle id="HBAA457675C5B42F8A707D9F5B9B937E1">
<enum>A</enum>
<header>Individual tax extenders</header><section id="idF96E0444A8C24A80ACF776B2F09F75E4">
<enum>101.</enum>
<header>Extension of health care tax credit</header>
<subsection id="id9DFE00710A4B4A44B7DF5EFB0D6A3D5E">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (B) of section 35(b)(1) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id083CB8C88DAF4DA088825FE86890C0E0"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to coverage months beginning after December 31,
2013.</text></subsection></section><section id="H5FD202E846744BE4AEDC0C560B089510">
<enum>102.</enum>
<header>Extension of deduction for certain expenses of elementary and secondary school teachers</header>
<subsection id="H763DCA45106F4713A995A777EF692B78">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (D) of section 62(a)(2) is amended by striking <quote>or 2013</quote> and inserting <quote>2013, 2014, or 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H908311DE364F4C358AF04432F564739E">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section id="H0BD1B9424BC0444EA6F6099E0A0D6754" section-type="subsequent-section">
<enum>103.</enum>
<header>Extension of exclusion from gross income of discharge of qualified principal residence indebtedness</header>
<subsection id="H40BAAE831029489D8F16A4B04140D8D9">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Subparagraph (E) of section 108(a)(1) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H702719DA9FAB420A93E8BEF03876A353">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to indebtedness discharged after December 31, 2013.</text>
</subsection></section><section id="H1E3C22AB8DED4213A01524BA6697A60D">
<enum>104.</enum>
<header>Extension of parity and modification of exclusion from income for employer-provided mass transit
and parking
benefits</header>
<subsection id="H0701ED58D4024F2F8AB8E7A28E932AF2">
<enum>(a)</enum>
<header>Extension</header>
<paragraph id="idD09137F28834478E8E7A4349B41DF0F3"><enum>(1)</enum><header>In general</header><text>Paragraph (2) of section 132(f) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H92A12B76D1F145F5A877FF05479C4635"><enum>(2)</enum><header display-inline="yes-display-inline">Effective date</header><text display-inline="yes-display-inline">The amendment made by this subsection shall apply to months after December 31, 2013.</text></paragraph></subsection><subsection id="id8DE3E605EF434BFC99003EC065C2DA89"><enum>(b)</enum><header>Use of a bike share program as a qualified transportation fringe</header><paragraph id="H41F184A477F44285BC5FE19F0F14F91A"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Section 132(f)(5)(F) is amended—</text><subparagraph id="id937E23BA433F4AEDA53D44C81E0FD8C6"><enum>(A)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>repair, and storage, if such bicycle</quote> and inserting <quote>repair, and storage (or use of a
bike sharing
program, in the case of taxable years beginning before January 1, 2016),
if such bicycle or bike sharing program</quote>, and</text></subparagraph><subparagraph id="idC23F4E628302415F930E9F0AE2064DE5"><enum>(B)</enum><text>in clause (iii)(I), by inserting <quote>or bike sharing program</quote> after <quote>bicycle</quote>.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H7746D7427F7345C8A7F49A61C1C8F860"><enum>(2)</enum><header>Effective date</header><text>The amendments made by this subsection shall apply to taxable years beginning after December 31,
2013.</text></paragraph></subsection></section><section id="H764D5B9C4A8B451CA0BEAE8AB93D5073">
<enum>105.</enum>
<header>Extension of mortgage insurance premiums treated as qualified residence interest</header>
<subsection id="HF082A09F7EE6423E934FF0F3D8C6E381">
<enum>(a)</enum>
<header>In general</header>
<text>Subclause (I) of section 163(h)(3)(E)(iv) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H1BD2113A97F2413C8F2C4C1329FC283C">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to amounts paid or accrued after December 31, 2013.</text>
</subsection></section><section id="H97B73C3DB1A548C8B9F8A5396898597C">
<enum>106.</enum>
<header>Extension of deduction of State and local general sales taxes</header>
<subsection id="HC6D76DE9EC214494B441A5F16C586F29">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (I) of section 164(b)(5) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H5CF425A4C8504AA89F270C79B5FA3046">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section id="H8FF38B14C3D3442F83E9CB02C8666974">
<enum>107.</enum>
<header>Extension of special rule for contributions of capital gain real property made for
conservation
purposes</header>
<subsection id="H3C01CEEAB63A40CEB5A33F76D493AC9B">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (vi) of section 170(b)(1)(E) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection id="HE83C7FA8EBDB457282E71927A974005E">
<enum>(b)</enum>
<header>Contributions by certain corporate farmers and ranchers</header>
<text>Clause (iii) of section 170(b)(2)(B) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HFC6E259DDC444E16B1C4D6E24889DD90">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to contributions made in taxable years beginning
after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HE5431B44D3E4411F81C675BFB5E42751">
<enum>108.</enum>
<header>Extension of above-the-line deduction for qualified tuition and related expenses</header>
<subsection id="H2B2BB52E25C7407A9310F8A174452C71">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (e) of section 222 is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H7493A80E7E6743A482D32946FD2A2DFC">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section id="H854DEF56A8D14AB5A29D61709BC0A02F">
<enum>109.</enum>
<header>Extension of tax-free distributions from individual retirement plans for charitable purposes</header>
<subsection id="H3284083A238841DC900B6507F67BB624">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (F) of section 408(d)(8) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H5D0B65032E8C4C2194D90CB284585284">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to distributions made in taxable years beginning
after December 31, 2013.</text>
</subsection></section></subtitle><subtitle id="HD357BBE948CC45369CD8D0E9EF1989AD">
<enum>B</enum>
<header>Business tax extenders</header><section id="H03B657D6D0A344BA820ACED3EF97614D">
<enum>111.</enum>
<header>Extension and modification of research credit</header><subsection id="id6BD4EE5BC647447FAE7D59C25C0C40AC"><enum>(a)</enum><header>Extension</header>
<paragraph id="HF62D914268254651B1AA6A6369404A32">
<enum>(1)</enum>
<header>In general</header>
<text>Paragraph (1) of section 41(h) is amended by striking <quote>paid or incurred</quote> and all that follows and inserting <quote>paid or incurred after December 31, 2015.</quote>.</text>
</paragraph><paragraph id="H8ECFB4FEF17E45ACA271BA6EB762693E">
<enum>(2)</enum>
<header>Conforming amendment</header>
<text>Subparagraph (D) of section 45C(b)(1) is amended to read as follows:</text><quoted-block act-name="" id="id5F579A584C254A72A5AEB5EE409630D5" style="OLC"><subparagraph id="id55DE29CC97A74BAB9D1B3729CD8E59E8"><enum>(D)</enum><header>Special rule</header><text>If section 41 is not in effect for any period, such section shall be deemed to remain in effect for
such period for purposes of this paragraph.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H090397DAA9B94D589C5CCA3B1FE777F5"><enum>(3)</enum><header display-inline="yes-display-inline">Effective date</header><text display-inline="yes-display-inline">The amendments made by this subsection shall apply to amounts
paid or incurred after December 31,
2013.</text></paragraph></subsection><subsection id="id076D3A107E274885A1BE4003962A20D3"><enum>(b)</enum><header>Treatment of research
credit for certain startup companies</header><paragraph id="id477C191B742E4944BE68803E011E92B0"><enum>(1)</enum><header>In
general</header><text>Section 41 is
amended by adding at the end the following new subsection:</text><quoted-block display-inline="no-display-inline" id="idCB3E84344DA0406DAB09F6A9678265C4" style="OLC"><subsection commented="no" display-inline="no-display-inline" id="id72E51450C5CB47B7B2C04694207CD621"><enum>(i)</enum><header>Treatment of
credit for qualified small businesses</header><paragraph commented="no" display-inline="no-display-inline" id="id2C39C53FA04342A2916B6906A0B72502"><enum>(1)</enum><header>In
general</header><text>At the election of a qualified small business for any taxable year, section 3111(f) shall apply to
the
payroll tax credit portion of the credit otherwise determined under
subsection (a) for the taxable year and such portion shall not
be treated (other than for purposes of section 280C) as a credit
determined under subsection (a).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD3FE731297F3434D89FA1786279FBC07"><enum>(2)</enum><header>Payroll tax
credit portion</header><text>For purposes of this subsection, the payroll tax
credit portion of the credit determined under subsection (a) with
respect to any qualified small business for
any taxable
year is the least of—</text><subparagraph commented="no" display-inline="no-display-inline" id="id6E1E738EA771448AB86104D508DACB87"><enum>(A)</enum><text>the amount specified in the election made under this subsection,</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id849E0E9049204488A6A1A849350157F7"><enum>(B)</enum><text>the credit determined under subsection (a) for the taxable year (determined before the application
of this subsection), or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idFB154E7CBD1B4C6991DACF8A92BB8F37"><enum>(C)</enum><text>in the case of a qualified small business other than a partnership or S corporation, the amount of
the business credit carryforward under section 39 carried from the taxable
year
(determined before the
application of this subsection to the taxable year).</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD002C79F78CF44E49E25AB0C68E1BA9C"><enum>(3)</enum><header>Qualified small
business</header><text>For purposes of this subsection—</text><subparagraph commented="no" display-inline="no-display-inline" id="idB94947F789F2497DA733D70755A2576C"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified small business</term> means,
with respect to any taxable year—</text><clause commented="no" display-inline="no-display-inline" id="id8FDB7F24E1534AD29AFB625CBACA40D2"><enum>(i)</enum><text>a corporation or
partnership, if—</text><subclause commented="no" display-inline="no-display-inline" id="id3F1C91F558124391A5530E75379707C9"><enum>(I)</enum><text>the gross
receipts (as determined under the rules of section 448(c)(3),
without regard to subparagraph (A) thereof) of such entity for
the taxable
year is less than $5,000,000, and</text></subclause><subclause commented="no" display-inline="no-display-inline" id="id90B6484781FD4F37A8D19A3118B49F40"><enum>(II)</enum><text>such entity did
not have gross receipts (as so determined) for any taxable year
preceding
the
5-taxable-year period ending with such taxable year, and</text></subclause></clause><clause commented="no" display-inline="no-display-inline" id="idD31451F5E66A46AC870C2D0D70D677A3"><enum>(ii)</enum><text>any person (other than a corporation or partnership) who meets the requirements of subclauses (I)
and (II) of clause (i), determined—</text><subclause commented="no" display-inline="no-display-inline" id="id42C5E8B8CE7745139E72F0E7F27E6538"><enum>(I)</enum><text>by substituting
<quote>person</quote> for <quote>entity</quote> each place it appears,
and</text></subclause><subclause commented="no" display-inline="no-display-inline" id="id04BADBAE4CBA46418410F5D8D3FACCAA"><enum>(II)</enum><text>by only taking into account the aggregate gross
receipts
received by such person in carrying on all trades or businesses
of
such
person.</text></subclause></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id99A9F6ADED564F26BA8AC174A190DF50"><enum>(B)</enum><header>Limitation</header><text>Such
term shall not include an organization which is exempt from
taxation under
section 501.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id83E0C3A619CF49A382EAD649E6D1647B"><enum>(4)</enum><header>Election</header><subparagraph commented="no" display-inline="no-display-inline" id="id4D9B4C7AFA58459CB441D58B4BC020B7"><enum>(A)</enum><header>In
general</header><text>Any election under this subsection for any taxable year—</text><clause commented="no" display-inline="no-display-inline" id="id2E4F421492EB4719A2429ED8C0CAF0EB"><enum>(i)</enum><text>shall specify the amount of the credit to which such election applies,</text></clause><clause commented="no" display-inline="no-display-inline" id="idF0EF1C11515C47918F21627DECF5E9E8"><enum>(ii)</enum><text>shall be made on or before the due date (including extensions) of—</text><subclause commented="no" display-inline="no-display-inline" id="id825698E60BA64780A04B79F23D46DE34"><enum>(I)</enum><text>in the case of a qualified small business which is a partnership, the return required to be filed
under section 6031,</text></subclause><subclause commented="no" display-inline="no-display-inline" id="idDF6CFC879319475CA7411686D8B6E41B"><enum>(II)</enum><text>in the case of a qualified small business which is an S corporation, the return required to be
filed under section 6037, and</text></subclause><subclause commented="no" display-inline="no-display-inline" id="id584691A3CEFF4A4C9D8D7ED6D210D1B2"><enum>(III)</enum><text>in the case of any other qualified small business, the return of tax for the taxable year, and</text></subclause></clause><clause commented="no" display-inline="no-display-inline" id="idFD01EE067FFD44C7BE1773107ADEE448"><enum>(iii)</enum><text>may be revoked only with the consent of the Secretary.</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id44C34039E33747BB95F373038330C60F"><enum>(B)</enum><header>Limitations</header><clause commented="no" display-inline="no-display-inline" id="idCBE33D7765EE4361A8A4C75A860270B4"><enum>(i)</enum><header>Amount</header><text>The amount specified in any election made under this subsection shall not exceed $250,000.</text></clause><clause commented="no" display-inline="no-display-inline" id="idC0929693443045DE9C1F0FA5F14C48EC"><enum>(ii)</enum><header>Number of taxable years</header><text>A
person may not make an election under this subsection if such
person (or any other person treated as a single taxpayer with such person
under paragraph (5)(A)) has
made an election under this subsection for 5 or more preceding
taxable
years.</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id60141781B48241498B18128C5E963C9B"><enum>(C)</enum><header>Special rule for partnerships and S corporations</header><text>In the case of a qualified small business which is a partnership or S corporation, the election
made under this subsection shall be made at the entity level.</text></subparagraph></paragraph><paragraph id="id202CCFD21763401592073866BA53E283"><enum>(5)</enum><header>Aggregation rules</header><subparagraph id="idDB0D4AD94E854E3A808F1100CA13DB44"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraph (B), all persons or entities treated as a single taxpayer under
subsection
(f)(1) shall be treated as a single taxpayer for purposes of this
subsection.</text></subparagraph><subparagraph id="id4C1232D3D417426880392F4A334BB21C"><enum>(B)</enum><header>Special rules</header><text>For purposes of this subsection and section 3111(f)—</text><clause id="idE404AF6BD8BF4F74AABFDE85740FF9FA"><enum>(i)</enum><text>each of the persons treated as a single taxpayer under subparagraph (A) may separately make the
election under paragraph (1) for any taxable year, and</text></clause><clause id="id3B3D6B5AC3AB4711A071E23D0B5BCC51"><enum>(ii)</enum><text>the $250,000 amount under paragraph (4)(B)(i) shall be allocated among all persons treated as a
single
taxpayer under subparagraph (A) in the same manner as under subparagraph
(A)(ii) or (B)(ii) of subsection (f)(1), whichever is applicable.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7E9C295542834C4C922F7A69C25133CD"><enum>(6)</enum><header>Regulations</header><text>The
Secretary shall prescribe such regulations as may be necessary to
carry out the
purposes of this subsection, including—</text><subparagraph commented="no" display-inline="no-display-inline" id="idD96AAA9F2A9F4E9D9272756CB2CC1DFF"><enum>(A)</enum><text>regulations to
prevent the avoidance of the purposes of the limitations and
aggregation rules under this subsection through the
use of
successor companies or other means,</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5D2CD8A755BC4CF1BD28E4DD87BF331E"><enum>(B)</enum><text>regulations to
minimize compliance and record-keeping burdens under this
subsection, and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id152692C19D214F2F8C5C725848035C97"><enum>(C)</enum><text>regulations for
recapturing the benefit of credits determined under section 3111(f)
in cases
where there is a subsequent adjustment to the payroll tax credit
portion of the
credit determined under subsection (a), including requiring amended
income tax
returns in
the cases where there is such an
adjustment.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="idDDBB1B5A9C8F409E98E93DB43F6F1003"><enum>(2)</enum><header>Credit allowed
against FICA taxes</header><text>Section 3111 is
amended by adding at the end the following new subsection:</text><quoted-block display-inline="no-display-inline" id="id39556C72F5CC43C3995F560F7940ED52" style="OLC"><subsection id="idDE279EC7FCE14BEAA6E6D2FCFBE57372"><enum>(f)</enum><header>Credit for
research expenditures of qualified small businesses</header><paragraph id="idE9D74D0A5D3A4C558D1F1E61F9F01B83"><enum>(1)</enum><header>In
general</header><text>In the case of a taxpayer who has made
an election under section 41(i) for a taxable year, there shall be
allowed as a credit
against the
tax imposed by subsection (a) for the first calendar quarter which
begins after the date on which the taxpayer files the return specified in
section 41(i)(4)(A)(ii) an
amount equal to the payroll tax credit portion determined under section
41(i)(2).</text></paragraph><paragraph id="id44e9e4d5a7214317bc292a1dcba4a2e7"><enum>(2)</enum><header>Limitation</header><text>The credit allowed by paragraph (1) shall not exceed the tax imposed by subsection (a) for any
calendar quarter on the wages paid with respect to the employment of all
individuals in the employ of the employer.</text></paragraph><paragraph id="ida796df5a1b5243b29ea6f7a1b1a7ccda"><enum>(3)</enum><header>Carryover of unused credit</header><text>If the amount of the credit under paragraph (1) exceeds the limitation of paragraph (2) for any
calendar quarter, such excess shall be carried to the succeeding calendar
quarter and allowed as a credit under paragraph (1) for such quarter.</text></paragraph><paragraph id="idD6694A9739654F318066B0D9A5CFDCAB"><enum>(4)</enum><header>Deduction allowed for credited amounts</header><text>The credit allowed under paragraph (1) shall not be taken into account for purposes of determining
the amount of any deduction allowed under chapter 1 for taxes imposed
under subsection (a).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph commented="no" display-inline="no-display-inline" id="HBBB4ACAC92714DC8A9B9A7A25F7C838B"><enum>(3)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to credits determined for taxable
years beginning after December 31, 2013.</text></paragraph></subsection><subsection id="id3376F3FC1F07471DA4FE810D893B35B0"><enum>(c)</enum><header>Credit allowed against alternative minimum tax</header><paragraph id="id29BE517A3BB24E7BB59FE263E3BD83E9"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (B) of section 38(c)(4) is amended—</text><subparagraph id="id7F041B266F144BA79B1DDDA250E95BA7"><enum>(A)</enum><text>by redesignating clauses (ii), (iii), (iv), (v), (vi), (vii), (viii), and (ix) as clauses (iii),
(iv), (v), (vi), (vii), (viii), (ix), and (x), respectively, and</text></subparagraph><subparagraph id="id219A382DC13A42D8BCEF123E6A02AC02"><enum>(B)</enum><text>by inserting after clause (i) the following new clause:</text><quoted-block act-name="" id="idADA234B9589A46F5B80EFEAE5FF2DD10" style="OLC"><clause id="id8A936EEFD96D4723B9FE6A5103BA885B"><enum>(ii)</enum><text>the credit determined under section 41 with respect to an eligible small business (as defined in
paragraph (5)(C), after application of
rules similar to the rules of paragraph (5)(D)),</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEE9647ABDF2944E7BA742666AEC7DAB8"><enum>(2)</enum><header>Effective date</header><text>The amendments made by this subsection shall apply to credits determined for taxable years
beginning
after December 31, 2013, and to carrybacks of such credits.</text></paragraph></subsection></section><section commented="no" id="HE0DEA5181CA149FA8650BCD4480218C5">
<enum>112.</enum>
<header>Extension and modification of temporary minimum low-income housing tax credit rate for
non-federally subsidized
buildings</header>
<subsection commented="no" id="H7DAC5932023340558B05A83D29DB2C40">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (A) of section 42(b)(2) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" id="id5DAC20A930B84982BD094E3AF52D85EC"><enum>(b)</enum><header>Temporary minimum credit rate for non-federally subsidized existing buildings</header><text>Subsection (b) of section 42 is amended by redesignating paragraph (3) as paragraph (4) and by
inserting after paragraph (2) the following new paragraph:</text><quoted-block act-name="" id="id0C5237B88ADD440AA07FBEF8E2FC36FE" style="OLC"><paragraph id="id773E0F1E461D405F959E1A7FA8C41E73"><enum>(3)</enum><header>Temporary minimum credit rate for non-federally subsidized existing buildings</header><text>In the case of any existing building—</text><subparagraph id="idDC3E40D0857E43E59D0E5E3CF6A86634"><enum>(A)</enum><text>which is placed in service by the taxpayer after the date of the enactment of the <short-title>EXPIRE Act of 2014</short-title> with respect to housing credit dollar amount allocations made before January 1, 2016, and</text></subparagraph><subparagraph id="id5E376BB7612F4889976AAA11DAEEA762"><enum>(B)</enum><text>which is not federally subsidized for the taxable year,</text></subparagraph><continuation-text continuation-text-level="paragraph">the applicable percentage shall not be less than 4 percent.</continuation-text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="HE4302F21AE3B43638A5B40C0C30A9955">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall take effect on January 1, 2014.</text>
</subsection></section><section id="H98917F0A3EBD4D4A829D80010D95BC95">
<enum>113.</enum>
<header>Extension of military housing allowance exclusion for determining whether a tenant in certain
counties is low-income</header>
<subsection id="H9A03670B5CBA42F2816ECA69E1012DD1">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (b) of section 3005 of the Housing Assistance Tax Act of 2008 is amended by striking <quote>January 1, 2014</quote> each place it appears and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection id="H850EBB9D839C4A7489C502241ECB5ACC">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall take effect as if included in the enactment of section
3005 of the Housing Assistance Tax Act of 2008.</text>
</subsection></section><section id="HCD3A213F105E4A5BA4A2151EC6DD676D">
<enum>114.</enum>
<header>Extension of Indian employment tax credit</header>
<subsection id="HE97B594CB7794E888F68E4665526C9CB">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (f) of section 45A is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H30BCBB37A9904A52855CEB162DA354D7">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H969D9792891443C8B5DC75EF93202039">
<enum>115.</enum>
<header>Extension and modification of new markets tax credit</header>
<subsection id="H62044615EA3749A596EF950C3EE7774F">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (G) of section 45D(f)(1) is amended by striking <quote>and 2013</quote> and inserting <quote>2013, 2014, and 2015</quote>.</text>
</subsection><subsection id="H1AC5653037324C7F9CA8D601263031BD">
<enum>(b)</enum>
<header>Carryover of unused limitation</header>
<text>Paragraph (3) of section 45D(f) is amended by striking <quote>2018</quote> and inserting <quote>2020</quote>.</text></subsection><subsection id="H2770A3569C26435FB32A19F8DE74A98E"><enum>(c)</enum><header>Allocations designated for areas impacted by decline in manufacturing</header><text>Paragraph (3) of section 45D(f), as amended by subsection (b), is amended—</text><paragraph id="idE2E16D09256E43C1A47F9EC2B2F55EC6"><enum>(1)</enum><text>by striking <quote>If the new markets tax credit limitation</quote> and inserting the following:</text><quoted-block display-inline="no-display-inline" id="id7EA43AE8BB5541E59C5215B7B5BA6644" style="OLC"><subparagraph id="id3CE0953B5E0E4C15A2ABF4676D0A8F9E"><enum>(A)</enum><header>In general</header><text>If the new markets tax credit limitation</text></subparagraph><after-quoted-block>, </after-quoted-block></quoted-block></paragraph><paragraph id="id0D0862139B6643EB935A10A56AF0BAB4"><enum>(2)</enum><text>by striking <quote>No</quote> in the last sentence and inserting <quote>Except as provided in subparagraph (B), no</quote>, and</text></paragraph><paragraph id="idA9F00E98282B452187B180A05B365C89"><enum>(3)</enum><text>by adding at the end, the following new subparagraph:</text><quoted-block display-inline="no-display-inline" id="H457524C0B6B84849B7C67C3552276C60" style="OLC"><subparagraph id="H642DE906FD8F4AD0B488BA4CD1B652B1"><enum>(B)</enum><header>Certain amounts available for areas impacted by decline in manufacturing</header><text display-inline="yes-display-inline">Any amount carried to a calendar year after the year described in the second sentence of
subparagraph (A) shall be available only for allocation to qualified
community development entities a significant mission of which is
providing investments and
services to persons in the trade or business of manufacturing products in
communities which have suffered major manufacturing job losses or a major
manufacturing job loss event, as designated by the Secretary.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H3F3401E495FA49DB954BF44E7F949292">
<enum>(d)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to calendar years beginning after December 31,
2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H71D11CE34F6B43959CCFA91CCECAE02A">
<enum>116.</enum>
<header>Extension of railroad track maintenance credit</header>
<subsection commented="no" display-inline="no-display-inline" id="HBEAF273C831F42E8894FA46374C2D075">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (f) of section 45G is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H244E453E3F2F4E02BE7F36A54B510744">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to expenditures paid or incurred in taxable years
beginning after December 31, 2013.</text>
</subsection></section><section id="H56E8D30D20DD4AA19EA6BDF3C3FA9B4E">
<enum>117.</enum>
<header>Extension of mine rescue team training credit</header>
<subsection id="HC266F33E39D34627B4866CC9048009F8">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (e) of section 45N is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HEF233C0CC539473C8AF337EAD9935C71">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H85B649F71DEE494482ED46C6E2742B78">
<enum>118.</enum>
<header>Extension and modification of employer wage credit for employees who are active duty members of the
uniformed
services</header>
<subsection commented="no" display-inline="no-display-inline" id="HCAB8952EF69C4B968175F58AF19AB452">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Subsection (f) of section 45P is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id15AB4C09B32C4E7D8DB78C8590A8F00C"><enum>(b)</enum><header>Applicability to all employers</header><paragraph commented="no" display-inline="no-display-inline" id="id8260DD0EC7CA408C862F082BF0103721"><enum>(1)</enum><header>In general</header><text>Subsection (a) of section 45P is amended by striking <quote>, in the case of an eligible small business employer</quote>.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id93520621E51343F9ACDE34483D17512F"><enum>(2)</enum><header>Conforming amendment</header><text>Paragraph (3) of section 45P(b) is amended to read as follows:</text><quoted-block act-name="" id="id2409A2444940496BAFA66379FE930351" style="OLC"><paragraph id="idCC1DD6D98F504DCFB1E8D451FF6023B9"><enum>(3)</enum><header>Controlled groups</header><text>All persons treated as a single employer under subsection (b), (c), (m), or (o) of section 414
shall be treated as a single employer.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idE1BDF1C6E08B422AA61F8AEC442A5ECC"><enum>(c)</enum><header>Expansion to 100 percent of eligible differential wage payments</header><text>Subsection (a) of section 45P is amended by striking <quote>20 percent of the sum</quote> and inserting <quote>the sum</quote>.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="HCD55FAFCA1A34CF4AE2FE8692B4E8FC6">
<enum>(d)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to payments made after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HBA801EDC08434C0C98FBFDD246C40C3F">
<enum>119.</enum>
<header>Extension and modification of work opportunity tax credit</header>
<subsection commented="no" display-inline="no-display-inline" id="H9F1ADB8EB5F4466389D9DAF23AAA1954">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (4) of section 51(c) is amended by striking <quote>for the employer</quote> and all that follows and inserting <quote>for the employer after December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id62741593E1714398A045AD92E4123D3F"><enum>(b)</enum><header>Credit for hiring long-term unemployment recipients</header><paragraph commented="no" display-inline="no-display-inline" id="id20B2BC98E8F74B37B46AFEFBD556ED35"><enum>(1)</enum><header>In general</header><text>Paragraph (1) of section 51(d) is amended by striking <quote>or</quote> at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and
inserting <quote>, or</quote>, and by adding at the end the following new subparagraph:</text><quoted-block act-name="" id="idC535E7E49B0B48D3833100BD0AFB51D2" style="OLC"><subparagraph id="idDA52C176FA2B439AB70321EAFF8B66E1"><enum>(J)</enum><text>a qualified long-term unemployment recipient.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id562178BCD3654F328EABF8FB9E0E5F7B"><enum>(2)</enum><header>Qualified long-term unemployment recipient</header><text>Subsection (d) of section 51 is amended by adding at the end the following new paragraph:</text><quoted-block act-name="" id="id294023137C574413919A026FBB7D46BD" style="OLC"><paragraph id="idB0F28A8BB39E4A75BD7A93BC8BD9A5FE"><enum>(15)</enum><header>Qualified long-term unemployment recipient</header><text>The term <term>qualified long-term unemployment recipient</term> means any individual who is certified by the designated local agency as being in a period of
unemployment which—</text><subparagraph id="id1E55C9A190C8407CABF5406323130A00"><enum>(A)</enum><text>is not less than 27 consecutive weeks, and</text></subparagraph><subparagraph id="id59DBA62465104863ACABB4134428EDB7"><enum>(B)</enum><text>includes a period in which the individual was receiving
unemployment compensation under State or Federal law.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HF02666BED4D94BCE87BBBAF158CAE43B">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to individuals who begin work for the employer
after
December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HBA5DAC5A66B14FEB8F747C29D027A025">
<enum>120.</enum>
<header>Extension and modification of qualified zone academy bonds</header>
<subsection commented="no" display-inline="no-display-inline" id="H5E152A30D7034355BDF3FA2180C0C720">
<enum>(a)</enum>
<header>Extension</header>
<text>Paragraph (1) of section 54E(c) is amended by striking <quote>and 2013</quote> and inserting <quote>2013, 2014, and 2015</quote>.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="idE4128D57DBB4416381AAA0C612B221EC"><enum>(b)</enum><header>Reduction of private business contribution requirement</header><text>Subsection (b) of section 54E is amended by striking <quote>10 percent</quote> and inserting <quote>5 percent</quote>.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="HB9EFA94CCC674A9DBEBFD3AC523A40D0">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by subsections (a) and (b) shall apply to obligations issued after December 31,
2013.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id9D6D29427D434E779DEED2922B9F7024">
<enum>(d)</enum>
<header>Technical correction and conforming amendment</header>
<paragraph commented="no" display-inline="no-display-inline" id="id0A1165C2E76641A6BD17BA8C50EF2E3B">
<enum>(1)</enum>
<header>In general</header>
<text>Clause (iii) of section 6431(f)(3)(A) is amended—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id00E8D0BB6292483F999B9E1602AC933A">
<enum>(A)</enum>
<text>by striking <quote>2011</quote> and inserting <quote>years after 2010</quote>, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF1691EDDD3334C4089B68F39B1544E12">
<enum>(B)</enum>
<text>by striking <quote>of such allocation</quote> and inserting <quote>of any such allocation</quote>.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id59D04370A957455B8A1C21BD0BBA09F3">
<enum>(2)</enum>
<header>Effective date</header>
<text>The amendments made by this subsection shall take effect as if included in section 310 of the
American Taxpayer Relief Act of 2012.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="idCE5AF7DBBE384366AD207C3D7960834E">
<enum>121.</enum>
<header>Extension of classification of certain race horses as 3-year property</header>
<subsection commented="no" display-inline="no-display-inline" id="id198B643001AF4B5FBC0A6FAA6DF04F47">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (i) of section 168(e)(3)(A) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id3232FB569D4149BAA391AD5A1D0A63F4">
<enum>(1)</enum>
<text>by striking <quote>January 1, 2014</quote> in subclause (I) and inserting <quote>January 1, 2016</quote>, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEC48D82E43434EFA819A6A5209A27EAC">
<enum>(2)</enum>
<text>by striking <quote>December 31, 2013</quote> in subclause (II) and inserting <quote>December 31, 2015</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA9FE024113434D28B38854D09B94305F">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to property placed in service after December 31,
2013.</text>
</subsection></section><section id="H28A21590EEFA4BFF97DC771BBF020DCE">
<enum>122.</enum>
<header>Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified
restaurant buildings and improvements, and qualified retail improvements</header>
<subsection id="H4E35399CD5EA42228ECED918ED0D0FF9">
<enum>(a)</enum>
<header>In general</header>
<text>Clauses (iv), (v), and (ix) of section 168(e)(3)(E) are each amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H3D82D94D82E243EFACC690596598FA0C">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to property placed in service after December 31,
2013.</text></subsection></section><section id="H27C3542DA6D1419CBB675D91A474CC09">
<enum>123.</enum>
<header>Extension of 7-year recovery period for motorsports entertainment complexes</header>
<subsection id="H5C402EA92B6B4848BED9C4E0F4702795">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (D) of section 168(i)(15) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H5CAC53176FDE4F3CB22AE51D6D993C37"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to property placed in service after December 31,
2013.</text></subsection></section><section id="H4FC91879556C4259B1C6FC99501A4FF7">
<enum>124.</enum>
<header>Extension of accelerated depreciation for business property on an Indian reservation</header>
<subsection id="H586DFBFFFA8A4530A15FE07CE1B9C9F9">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Paragraph (8) of section 168(j) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HB7374D3355B3458C8A121A29240E4DA3">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to property placed in service after December 31,
2013.</text>
</subsection></section><section id="HECD16D2972C54A80A987AA47CE1A8948">
<enum>125.</enum>
<header>Extension of bonus depreciation</header>
<subsection id="HBEB4C739AE1D492BB3AAE37152EFB2EE">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (2) of section 168(k) is amended—</text>
<paragraph id="H3A62FBB1D4C64E70935733E4C54591D6">
<enum>(1)</enum>
<text>by striking <quote>January 1, 2015</quote> in subparagraph (A)(iv) and inserting <quote>January 1, 2017</quote>, and</text>
</paragraph><paragraph id="H21F72B51F7F0491EAB6F28E7D6AB9506">
<enum>(2)</enum>
<text>by striking <quote>January 1, 2014</quote> each place it appears and inserting <quote>January 1, 2016</quote>.</text>
</paragraph></subsection><subsection id="H578C5F4DA6B846CD8521EC26163654FF">
<enum>(b)</enum>
<header>Special rule for Federal long-Term contracts</header>
<text>Clause (ii) of section 460(c)(6)(B) is amended by striking <quote>January 1, 2014 (January 1, 2015</quote> and inserting <quote>January 1, 2016 (January 1, 2017</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H178576BEA174440FAAD68BB51891F65B">
<enum>(c)</enum>
<header>Extension of election To accelerate the AMT credit in lieu of bonus depreciation</header>
<paragraph commented="no" display-inline="no-display-inline" id="HE46F72D245794A8B80A32C7A27E939AA">
<enum>(1)</enum>
<header>In general</header>
<text>Subclause (II) of section 168(k)(4)(D)(iii) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEB9CEFB7C781421E8FD878DE93462478">
<enum>(2)</enum>
<header>Round 4
extension property</header>
<text>Paragraph (4) of section 168(k) is amended by
adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="id887df417537f4b38afd5431110284880" style="OLC">
<subparagraph id="id0077402afc85489581828ba40550ed47">
<enum>(K)</enum>
<header>Special rules for round 4 extension property</header>
<clause id="idc4dea50b51c14edc907cd7413cdf1dae">
<enum>(i)</enum>
<header>In general</header>
<text>In the case of round 4 extension property, in applying this paragraph to any taxpayer—</text>
<subclause id="idc6d032a6692e4d36be83439a73618b80">
<enum>(I)</enum>
<text>the limitation described in subparagraph (B)(i) and the business credit increase amount under
subparagraph (E)(iii) thereof shall not apply, and</text>
</subclause><subclause id="iddae6675b59364ed784cd1ea0519a96e1">
<enum>(II)</enum>
<text>the bonus depreciation amount, maximum amount, and maximum increase amount shall be computed
separately from amounts computed with respect to eligible qualified
property which is not round 4 extension property.</text>
</subclause></clause><clause id="id8a88b75e5592449fb2c1b18aafae581b">
<enum>(ii)</enum>
<header>Election</header>
<subclause id="id5f01cd41c94c43dd8c105b4aef00915d">
<enum>(I)</enum>
<text>A taxpayer who has an election in effect under this paragraph for round 3 extension property shall
be treated as having an election in effect for round 4 extension property
unless the taxpayer elects to not have this paragraph apply to round 4
extension property.</text>
</subclause><subclause id="id1fb8085d4cde4a11a9f7b44f2628408d">
<enum>(II)</enum>
<text>A taxpayer who does not have an election in effect under this paragraph for round 3 extension
property may elect to have this paragraph apply to round 4 extension
property.</text>
</subclause></clause><clause id="idd789b7232cc1404bb71c56a01e0a4f52">
<enum>(iii)</enum>
<header>Round 4 extension property</header>
<text>For purposes of this subparagraph, the term
<term>round 4 extension property</term> means property which is eligible
qualified property solely by reason of the extension of the
application of the
special allowance under paragraph (1) pursuant to the amendments
made by
section 215(a) of the <short-title>EXPIRE Act of 2014</short-title> (and the application of such extension to
this paragraph
pursuant to the amendment made by section 215(c) of such
Act).</text>
</clause></subparagraph><after-quoted-block>. </after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HBE1640A27FE3428DB425CC1C4B7A2659">
<enum>(d)</enum>
<header>Conforming amendments</header>
<paragraph id="H108B720E12CD43E7A5F05BE8F5D75A0E">
<enum>(1)</enum>
<text>The heading for subsection (k) of section 168 is amended by striking <quote><header-in-text level="subsection" style="OLC">January 1, 2014</header-in-text></quote> and inserting <quote><header-in-text level="subsection" style="OLC">January 1, 2016</header-in-text></quote>.</text>
</paragraph><paragraph id="H4F4FD649818D4232AD7EC7189CECBF9C">
<enum>(2)</enum>
<text>The heading for clause (ii) of section 168(k)(2)(B) is amended by striking <quote><header-in-text level="clause" style="OLC">pre-January 1, 2014</header-in-text></quote> and inserting <quote><header-in-text level="clause" style="OLC">pre-January 1, 2016</header-in-text></quote>.</text>
</paragraph><paragraph id="H89EEFD9EF07C44F0AD6823CC6AF2A12E">
<enum>(3)</enum>
<text>Subparagraph (C) of section 168(n)(2) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</paragraph><paragraph id="H449A63A2F2C249A6BF3B23D01EC150CC">
<enum>(4)</enum>
<text>Subparagraph (D) of section 1400L(b)(2) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H409BE7FCD69546048458DE70B8085105">
<enum>(5)</enum>
<text>Subparagraph (B) of section 1400N(d)(3) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H7BB26EFFE84740ADB79B4CE514250692">
<enum>(e)</enum>
<header display-inline="yes-display-inline">Technical amendment relating to section 331 of the American Taxpayer Relief Act of 2012</header>
<paragraph commented="no" display-inline="no-display-inline" id="idDA34662F200044C9BC2DDE034579C682">
<enum>(1)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Clause (iii) of section 168(k)(4)(J) is amended by striking <quote>any taxable year</quote> and inserting <quote>its first taxable year</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H9DB9C0C8517B42C790D9FEE52D56D450">
<enum>(2)</enum>
<header display-inline="yes-display-inline">Effective date</header>
<text display-inline="yes-display-inline">The amendment made by this subsection shall take effect as if included in the provision of the
American Taxpayer Relief Act of 2012 to which it relates.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H90807F4A518C4962B164716512580168">
<enum>(f)</enum>
<header>Effective date</header>
<text>Except as provided in subsection (e)(2), the amendments made by this section shall apply to
property placed in service after December 31,
2013, in taxable years ending after such date.</text>
</subsection></section><section id="H26831CA66714465FAC937AF5046F93D2">
<enum>126.</enum>
<header>Extension of enhanced charitable deduction for contributions of food inventory</header>
<subsection id="H4D248D70D5F44CD2B6FE20231D936168">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (iv) of section 170(e)(3)(C) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HF9C4088828F64BB6B1AEF18B2D1A2266">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to contributions made after December 31, 2013.</text>
</subsection></section><section id="H7DD3D418B67C4C25ACB144625EB08283">
<enum>127.</enum>
<header>Extension and modification of increased expensing limitations and treatment of certain
real property as section 179
property</header><subsection id="H105531FDDA7D4D4AA3000570C328FD8C">
<enum>(a)</enum>
<header>In general</header>
<paragraph id="H798980BABF5247ED818F16B146785DC2">
<enum>(1)</enum>
<header>Dollar limitation</header>
<text>Section 179(b)(1) is amended—</text>
<subparagraph id="H0893ADFC196F442EB717E7A8DD4A76A1">
<enum>(A)</enum>
<text>by striking <quote>beginning in 2010, 2011, 2012, or 2013</quote> in subparagraph (B) and inserting <quote>beginning after 2009 and before 2016</quote>, and</text>
</subparagraph><subparagraph id="H4DC88B63D0F1463D897E013D55158B59">
<enum>(B)</enum>
<text>by striking <quote>2013</quote> in subparagraph (C) and inserting <quote>2015</quote>.</text>
</subparagraph></paragraph><paragraph id="H6041537FA1F140CB87997D69F83CABFD">
<enum>(2)</enum>
<header>Reduction in limitation</header>
<text>Section 179(b)(2) is amended—</text>
<subparagraph id="HE591592723D34C7B8452937A02A74946">
<enum>(A)</enum>
<text>by striking <quote>beginning in 2010, 2011, 2012, or 2013</quote> in subparagraph (B) and inserting <quote>beginning after 2009 and before 2016</quote>, and</text>
</subparagraph><subparagraph id="H813700ACD47346D7AD86FB126D6A37E1">
<enum>(B)</enum>
<text>by striking <quote>2013</quote> in subparagraph (C) and inserting <quote>2015</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="HFCD45F73F3E94395AE7FD79F12FA253B">
<enum>(b)</enum>
<header>Computer software</header>
<text>Section 179(d)(1)(A)(ii) is amended by striking <quote>2014</quote> and inserting <quote>2016</quote>.</text>
</subsection><subsection id="HDF80E46B14F147BD8BD357BDE9C34C91">
<enum>(c)</enum>
<header>Election</header>
<text>Section 179(c)(2) is amended by striking <quote>2014</quote> and inserting <quote>2016</quote>.</text>
</subsection><subsection id="HAD51EFF93D4C40A1BDD5E85B1E4A826C">
<enum>(d)</enum>
<header>Special rules for treatment of qualified real property</header>
<paragraph id="H8A62B27206954190BDFD43AE97BCDD00">
<enum>(1)</enum>
<header>In general</header>
<text>Section 179(f)(1) is amended by striking <quote>beginning in 2010, 2011, 2012, or 2013</quote> and inserting <quote>beginning after 2009 and before 2016</quote>.</text>
</paragraph><paragraph id="H636299960B064CAD9C1311244F60D12B">
<enum>(2)</enum>
<header>Carryover limitation</header>
<subparagraph id="H57A86D1125C042A49C095DABBF10BDCD">
<enum>(A)</enum>
<header>In general</header>
<text>Section 179(f)(4) is amended by striking <quote>2013</quote> each place it appears and inserting <quote>2015</quote>.</text>
</subparagraph><subparagraph id="HBB1771D4BD924BE394F771ADE49EA127">
<enum>(B)</enum>
<header>Conforming amendment</header>
<text>The heading of subparagraph (C) of section 179(f)(4) is amended by striking <quote><header-in-text level="subparagraph" style="OLC">2011 and 2012</header-in-text></quote> and inserting <quote><header-in-text level="subparagraph" style="OLC">2011, 2012, 2013, and 2014</header-in-text></quote>.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA82110A7F29B4604AF97622D0A5BD8EB"><enum>(e)</enum><header>Adjustment for inflation</header><text>Subsection (b) of <external-xref legal-doc="usc" parsable-cite="usc/26/179">section 179</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end
the following new paragraph:</text><quoted-block display-inline="no-display-inline" id="idC4173C6080334FB1B504318B1A2F869D" style="OLC"><paragraph id="id1159A59151374F2A9BCEAB8EC310D4E0"><enum>(6)</enum><header>Inflation adjustment</header><subparagraph id="id44CD441A7A9C4559AE71FB0639FC18A8"><enum>(A)</enum><header>In general</header><text>In the case of any taxable year beginning after 2013, the $500,000 amount in paragraph (1)(B) and
the $2,000,000 amount in paragraph (2)(B) shall each be increased by an
amount equal to—</text><clause id="id24C14E40C5944052976ABA3837E9EF39"><enum>(i)</enum><text>such dollar amount, multiplied by</text></clause><clause id="id47477F4971024A01AFD7D31936CDC75E"><enum>(ii)</enum><text>the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the
taxable year begins, by substituting <quote>calendar year 2012</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text></clause></subparagraph><subparagraph id="id289893F5059D4D3FA1F9834591A6F586"><enum>(B)</enum><header>Rounding</header><clause id="id91A243ACC169476B8C67677A82B87E49"><enum>(i)</enum><header>Dollar limitation</header><text>If the amount in paragraph (1)(B) as increased under subparagraph (A) is not a multiple of $1,000,
such amount shall be rounded to the nearest multiple of $1,000.</text></clause><clause id="id24DAADC1D613402EB914A16985CD6578"><enum>(ii)</enum><header>Phaseout amount</header><text>If the amount in paragraph (2)(B) as increased under subparagraph (A) is not a multiple of $10,000,
such amount shall be rounded to the nearest multiple of $10,000.</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="id4D0301706A5444639B19D5399247517D"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2013.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="HF93970A37DDF4272A1DFE8176B614464">
<enum>128.</enum>
<header>Extension of election to expense mine safety equipment</header>
<subsection id="H6DBC842A8D7746BC8C9868B20F9773AC">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (g) of section 179E is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H8E1EDDD6F6534419916A6FD1AEB2DBC3">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to property placed in service after December 31,
2013.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="H84CD15D6ACAC430BAD50B6B0EC2C70DA">
<enum>129.</enum>
<header>Extension of special expensing rules for certain film and television productions; special expensing
for live theatrical productions</header>
<subsection id="HD5F285368E7D40F3B40C6FAB82FBF53E">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (f) of section 181 is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text></subsection><subsection id="id997F54FB40ED44B6B956FF6D22637298">
<enum>(b)</enum>
<header>Application to
live productions</header>
<paragraph id="id75B933712DE04736B5D40B3F244C3C37">
<enum>(1)</enum>
<header>In
general</header>
<text>Paragraph (1) of section 181(a) is amended by inserting <quote>, and any qualified live theatrical
production,</quote> after <quote>any qualified film or television
production</quote>.</text>
</paragraph><paragraph id="id3BA4AC3C3B924021B6BE16DBEBADA805">
<enum>(2)</enum>
<header>Conforming
amendments</header>
<text>Section 181 is amended—</text>
<subparagraph id="id764FC8761C1E46F5A3D58347B7FAA08F">
<enum>(A)</enum>
<text>by inserting
<quote>or any qualified live theatrical production</quote> after
<quote>qualified film or television production</quote> each place it appears in
subsections (a)(2), (b), and (c)(1),</text>
</subparagraph><subparagraph id="id8B63423C103948C9B8346FBB890D1775">
<enum>(B)</enum>
<text>by inserting
<quote>or qualified live theatrical productions</quote> after <quote>qualified
film or television productions</quote> in subsection (f), and</text>
</subparagraph><subparagraph id="idC88095A5487B46E3A469B7BA2145E130">
<enum>(C)</enum>
<text>by inserting
<quote><header-in-text level="section" style="OLC">and live
theatrical</header-in-text></quote> after <quote><header-in-text level="section" style="OLC">film and television</header-in-text></quote> in the
heading.</text>
</subparagraph></paragraph><paragraph id="id4A8F317FC7AA423BB1D524B1CB2AF189"><enum>(3)</enum><header>Clerical amendment</header><text>The item relating to section 181 in the table of sections for part VI of subchapter B of chapter 1
is amended to read as follows:</text><quoted-block display-inline="no-display-inline" id="id35AF3B08ABAD4C5DB1D327E26696A392" style="OLC"><toc><toc-entry bold="off" level="section">Sec. 181. Treatment of certain qualified film and television and live theatrical productions.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id9C9BBE5E1B8A47D7ADC9F21245FB9FF6">
<enum>(c)</enum>
<header>Qualified live
theatrical production</header>
<text>Section 181 is amended—</text>
<paragraph id="idB3E05AF5B97D48CF871B2C2C69F53995">
<enum>(1)</enum>
<text>by redesignating
subsections (e) and (f), as amended by subsections (a) and (b), as
subsections
(f) and (g), respectively, and</text>
</paragraph><paragraph id="id14C83F3DA8E64EF59B198062C04ECC1E">
<enum>(2)</enum>
<text>by inserting
after subsection (d) the following new subsection:</text>
<quoted-block act-name="" id="id2DEEDAEAEBB8478B87BFCA19FF7A1641" style="OLC">
<subsection id="id5475904561D04324BAD96DDC3DCECD90">
<enum>(e)</enum>
<header>Qualified live
theatrical production</header>
<text>For purposes of this section—</text>
<paragraph id="id10BC37A7A9E5438A88AD64CD59EAE5DD">
<enum>(1)</enum>
<header>In
general</header>
<text>The term <term>qualified live theatrical
production</term> means any production described in paragraph (2) if 75 percent
of the total compensation of the production is qualified
compensation (as
defined in subsection (d)(3)).</text>
</paragraph><paragraph id="id1DC7D16A72784CF19C9E24B8383ABC59">
<enum>(2)</enum>
<header>Production</header>
<subparagraph id="id0EE974B80C3B4788B303FB153133D968">
<enum>(A)</enum>
<header>In
general</header>
<text>A production is described in this paragraph if such
production is a live staged production of a play (with or without
music) which
is derived from a written book or script and is produced or
presented by a
taxable entity in any venue which has an audience capacity of
not more than
3,000 or a series of venues the majority of which have an audience
capacity of
not more than 3,000.</text>
</subparagraph><subparagraph commented="no" id="id99A0FB14355A4D7FB6C96E35F4DB8181">
<enum>(B)</enum>
<header>Touring
companies, etc</header>
<text>In the case of multiple live staged
productions—</text>
<clause commented="no" id="idE1660FF649CB4D5596F5A4D0BB7A3CDA">
<enum>(i)</enum>
<text>for which the
election under this section would be allowable to the same
taxpayer, and</text>
</clause><clause commented="no" id="id6313C9B660A14247B48D3A968862F13B">
<enum>(ii)</enum>
<text>which
are—</text>
<subclause commented="no" id="id8CF3B4852B7D4F04AB2A404CF7F6E30C">
<enum>(I)</enum>
<text>separate phases
of a production, or</text>
</subclause><subclause commented="no" id="id5CF4721D66E54CD48B7B1B450526E2DE">
<enum>(II)</enum>
<text>separate
simultaneous stagings of the same production in different
geographical
locations (not including multiple performance locations of any one
touring
production),</text>
</subclause></clause><continuation-text commented="no" continuation-text-level="subparagraph">each such live staged production
shall be treated as a separate production.</continuation-text></subparagraph><subparagraph id="id4088213305154028B3F68EA46545F9A3"><enum>(C)</enum><header>Phase</header><text>For purposes of subparagraph (B), the term <term>phase</term> with respect to any qualified live theatrical production refers to each of the following, but only
if each of the following is treated by the taxpayer as a separate activity
for all purposes of this title:</text><clause id="idEAED9D53FF59453083C7BBFE27A2700E"><enum>(i)</enum><text>The initial staging of a live theatrical production.</text></clause><clause id="id5329075D24EC4033AE439972D6D2AD97"><enum>(ii)</enum><text>Subsequent additional stagings or touring of such production which are produced by the same
producer as the initial staging.</text></clause></subparagraph><subparagraph id="idA840BD1FCD8E4D2A930D5DE8A130AA4C">
<enum>(D)</enum>
<header>Exception</header>
<text>A
production is not described in this paragraph if such production
includes or
consists of any performance of conduct described in section
2257(h)(1) of title
18, United States
Code.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="id412B8787FB7A44B1A1E8E0C63B7982F8">
<enum>(d)</enum>
<header>Effective
dates</header>
<paragraph id="id49CD08C2AB2E495EAA4D7B45462FBB95">
<enum>(1)</enum>
<header>In
general</header>
<text>The amendments made by this section shall apply to productions commencing after December 31, 2013.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id702EF1DB47C443A884A852032437D115"><enum>(2)</enum><header>Commencement</header><text>For
purposes of paragraph (1), the date on which a qualified live
theatrical production commences is the date of the first public
performance of
such production for a paying audience.</text></paragraph></subsection></section><section id="H50586FFE2CEA4DF1AB1F870700911665">
<enum>130.</enum>
<header>Extension of deduction allowable with respect to income attributable to domestic production
activities in Puerto Rico</header>
<subsection id="HE3ED2EB4AF0A46ACAAB7BD207DCB0E9D">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Subparagraph (C) of section 199(d)(8) is amended—</text>
<paragraph id="H79A0D98C207246F2BA296976DEC1F0C7">
<enum>(1)</enum>
<text display-inline="yes-display-inline">by striking <quote>first 8 taxable years</quote> and inserting <quote>first 10 taxable years</quote>, and</text>
</paragraph><paragraph id="HCF425F063F654220BF6FE8C604B1C3A6">
<enum>(2)</enum>
<text>by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H6D76EDAA16594409B02E8954CB60B11C">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section id="H1D8DCE64D91540A1A89E4B500301B44D">
<enum>131.</enum>
<header>Extension of modification of tax treatment of certain payments to controlling exempt organizations</header>
<subsection id="H12E14E6DFB3C40A1BA3A58AF6BBA7F21">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (iv) of section 512(b)(13)(E) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H50389D049FAA4548B4CFDBAD01304984">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to payments received or accrued after December 31,
2013.</text>
</subsection></section><section id="H0BA1556CE5C94FE99D4A4F3BE849DF3A">
<enum>132.</enum>
<header>Extension of treatment of certain dividends of regulated investment companies</header>
<subsection id="HDE16ECA31CCA47D4B595830DDA4DFADB">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraphs (1)(C)(v) and (2)(C)(v) of section 871(k) are each amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H473830E053EA409A8B33D8C74F56F588">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H468BF1A70BAA41F0BA14FD238E6D478C">
<enum>133.</enum>
<header>Extension of RIC qualified investment entity treatment under FIRPTA</header>
<subsection id="H316281B0A1F34CCB972035D2A09417AE">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (ii) of section 897(h)(4)(A) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H9C95D72553AD4CE9862A6A4A71D4EBF8">
<enum>(b)</enum>
<header>Effective date</header>
<paragraph commented="no" display-inline="no-display-inline" id="idE0C05776DE024567A0D0778AA242D747">
<enum>(1)</enum>
<header>In general</header>
<text>The amendment made by this section shall take effect on January 1, 2014. Notwithstanding the
preceding sentence, such amendment shall not apply with respect to the
withholding requirement under section 1445 of the Internal Revenue Code of
1986 for any payment made before the date of the enactment of this Act.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFED5C4838696491CBA2CF29CBA874F55">
<enum>(2)</enum>
<header>Amounts withheld on or before date of enactment</header>
<text>In the case of a regulated investment company—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id23346112E68845B1AFF05566FF202E78">
<enum>(A)</enum>
<text>which makes a distribution after December 31, 2013, and before the date of the enactment of this
Act, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id70C0953FDED74987BDD349BC00A2622F">
<enum>(B)</enum>
<text>which would (but for the second sentence of paragraph (1)) have been required to withhold with
respect to such distribution under section 1445 of such Code,</text>
</subparagraph><continuation-text continuation-text-level="paragraph">such investment company shall not be liable to any person to whom such distribution was made for
any amount so withheld and paid over to the Secretary of the Treasury.</continuation-text></paragraph></subsection></section><section id="H7BF1B66D363A4799857AB5D5213E253C">
<enum>134.</enum>
<header>Extension of subpart F exception for active financing income</header>
<subsection id="HDAA324F9DF9C449EB453388E77473D6C">
<enum>(a)</enum>
<header>Exempt insurance income</header>
<text display-inline="yes-display-inline">Paragraph (10) of section 953(e) is amended—</text>
<paragraph id="H1C801C038A9241F69C9BAE402C2949C0">
<enum>(1)</enum>
<text display-inline="yes-display-inline">by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>, and</text>
</paragraph><paragraph id="HAADA3351AFAB46D69D2B9C29CB439784">
<enum>(2)</enum>
<text>by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</paragraph></subsection><subsection id="H1AE766277FAD42E2A50DF68C01663128">
<enum>(b)</enum>
<header>Special rule for income derived in the active conduct of banking, financing, or similar businesses</header>
<text>Paragraph (9) of section 954(h) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HDE33156A063F4606965B9367C95A9C43">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to taxable years of foreign corporations beginning
after December 31, 2013, and to taxable years of United States
shareholders with or within which any such taxable year of such foreign
corporation ends.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H3586C015FD284412860E6D416AB4AFE4">
<enum>135.</enum>
<header>Extension of look-thru treatment of payments between related controlled foreign corporations under
foreign personal holding company rules</header>
<subsection commented="no" display-inline="no-display-inline" id="HE779E268B37440D3AADBA706B798BD01">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Subparagraph (C) of section 954(c)(6) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H48B7EFF9B31347A88F45F1BC63608644">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to taxable years of foreign corporations beginning
after December 31, 2013, and to taxable years of United States
shareholders with or within which such taxable years of foreign
corporations end.</text>
</subsection></section><section id="H6C6E68BCA22B4E39B1F37503D7419ABB">
<enum>136.</enum>
<header>Extension of temporary exclusion of 100 percent of gain on certain small business stock</header>
<subsection id="H1A512A0B3C9C4FABB1FC9A5B5A09CCD6">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (4) of section 1202(a) is amended—</text>
<paragraph id="HA83BEBBC1DCD47C4B68C8A1170D28D04">
<enum>(1)</enum>
<text>by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>, and</text>
</paragraph><paragraph id="H681A4172D3CF4F298A40A2587A09EA3B">
<enum>(2)</enum>
<text>by striking <quote><header-in-text level="paragraph" style="OLC">and 2013</header-in-text></quote> in the heading and inserting <quote><header-in-text level="paragraph" style="OLC">2013, 2014, and 2015</header-in-text></quote>.</text>
</paragraph></subsection><subsection commented="no" id="HC1F7F7B6D3E7491EBBED8223CF44AE49">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to stock acquired after December 31, 2013.</text>
</subsection></section><section id="H4EF15C7591894140820E609929217AF2">
<enum>137.</enum>
<header>Extension of basis adjustment to stock of S corporations making charitable contributions of
property</header>
<subsection id="HF6D6DE4321D24FCBAEE3E70C41519D9E">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (2) of section 1367(a) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H8519B9E9B79346BFB53B13815D36B4B4">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to contributions made in taxable years beginning
after December 31, 2013.</text>
</subsection></section><section id="H7B626D6EF193443493FA6C2556F01629">
<enum>138.</enum>
<header>Extension of reduction in S-corporation recognition period for built-in gains tax</header>
<subsection id="H1402F778A85D42BAB6139B84496E9097">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (C) of section 1374(d)(7) is amended—</text>
<paragraph id="id4EDDD87FC1A4496EB2FB5843FD9C815F">
<enum>(1)</enum>
<text>by striking <quote>2012 or 2013</quote> and inserting <quote>2012, 2013, 2014, or 2015</quote>, and</text>
</paragraph><paragraph id="idEF2D52E46D664D0EBC2B802561739295">
<enum>(2)</enum>
<text>by striking <quote><header-in-text level="subparagraph" style="OLC">2012 and 2013</header-in-text></quote> in the heading and inserting <quote><header-in-text level="subparagraph" style="OLC">2012, 2013, 2014, and 2015</header-in-text></quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H759C1566251F4EB3B3D7494D3E9DD4EA">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</text></subsection></section><section id="H8D225A8DE1E149CB968363B0300CE9E5">
<enum>139.</enum>
<header>Extension of empowerment zone tax incentives</header>
<subsection id="H9C5E0173B9904DF1B858AA0B75057588">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (i) of section 1391(d)(1)(A) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" id="H96D08775010B4A08BDF3575EA09AF453">
<enum>(b)</enum>
<header>Treatment of certain termination dates specified in nominations</header>
<text>In the case of a designation of an empowerment zone the nomination for which included a termination
date which is contemporaneous with the date specified in subparagraph
(A)(i) of <external-xref legal-doc="usc" parsable-cite="usc/26/1391">section 1391(d)(1)</external-xref> of the Internal Revenue Code of 1986 (as in
effect before the enactment of this Act), subparagraph (B) of such section
shall not apply with respect to such designation if, after the date of the
enactment of this section, the entity which made such nomination amends
the nomination to provide for a new termination date in such manner as the
Secretary of the Treasury (or the Secretary’s designee) may provide.</text></subsection><subsection id="H0DF8804EF66D474BB82471B5ABD37D05"><enum>(c)</enum><header>Technical amendments relating to section 753 of the Tax Relief, Unemployment Insurance
Reauthorization, and Job Creation Act of 2010; extension of nonrecognition
of gain on rollover of empowerment zone investments</header><text>Subparagraph (A) of section 1397B(b)(1) is amended by striking <quote>and</quote> at the end of clause (ii), by striking the period at the end of clause (iii) and inserting <quote>, and</quote>, and by adding at the end the following new clause:</text><quoted-block display-inline="no-display-inline" id="H5B124CD85A474FADA894AECC41F10DCA" style="OLC"><clause id="H3DDACF2C16F94ECA9CA5258F70AB991C"><enum>(iv)</enum><text display-inline="yes-display-inline"><quote>January 1, 2016</quote> were substituted for <quote>January 1, 2010</quote> each place it appears.</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="HDDB7CD13420C43F8BFA4BE18E001CF7F">
<enum>(d)</enum>
<header>Effective dates</header>
<paragraph commented="no" display-inline="no-display-inline" id="id45F50D1D3076445FB8BEB8D37A62FD70"><enum>(1)</enum><header>In general</header><text>The amendment made by subsection (a) shall apply to periods after December 31, 2013.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id356E450DBE3E4085BAF9384ACD1425D4"><enum>(2)</enum><header>Technical amendments</header><text>The amendments made by subsection (c) shall take effect as if included in section 753 of the Tax
Relief, Unemployment Insurance Reauthorization, and Job Creation Act of
2010.</text></paragraph></subsection></section><section id="H37310E15ACAC414DB0048F3AAE75B5D1">
<enum>140.</enum>
<header>Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the
Virgin Islands</header>
<subsection id="HC267F7B505034C09B4BE07EF119D235E">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (1) of section 7652(f) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HE491632F10284717BBCBA0211F9572B7">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to distilled spirits brought into the United States
after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H81DB0DACC83842C4937DCB0019F14DFC">
<enum>141.</enum>
<header>Extension of American Samoa economic development credit</header>
<subsection commented="no" display-inline="no-display-inline" id="H477A45C01C13410AB512AEB61A471AE0">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (d) of section 119 of division A of the Tax Relief and Health Care Act of 2006 is
amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idE8FE2D118E664107A5D4F94F62D90528">
<enum>(1)</enum>
<text>by striking <quote>January 1, 2014</quote> each place it appears and inserting <quote>January 1, 2016</quote>,</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFF8A6499F7834B5FB9ABD5464749302B">
<enum>(2)</enum>
<text>by striking <quote>first 8 taxable years</quote> in paragraph (1) and inserting <quote>first 10 taxable years</quote>, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idCF735B8018D149139A493A824AA30572">
<enum>(3)</enum>
<text>by striking <quote>first 2 taxable years</quote> in paragraph (2) and inserting <quote>first 4 taxable years</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H2562D652FF65449380545DD499ED8996">
<enum>(b)</enum>
<header>Effective date</header>
<text display-inline="yes-display-inline">The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</text>
</subsection></section></subtitle><subtitle commented="no" id="HA1E8C2F34A724B7E8FEA7BC50DA1CCC6" level-type="subsequent">
<enum>C</enum>
<header>Energy tax extenders</header>
<section commented="no" display-inline="no-display-inline" id="HA21EBA5C2AB547CBA784398BB136086E">
<enum>151.</enum>
<header>Extension and modification of credit for nonbusiness energy property</header>
<subsection commented="no" display-inline="no-display-inline" id="H4837F65EC82F423CA2F518940E1A4D44">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (2) of section 25C(g) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idA2603A1BFC3A4AB0A1A53274B32BCAC0">
<enum>(b)</enum>
<header>Updated Energy Star requirements for windows, doors, skylights, and roofing</header>
<paragraph commented="no" display-inline="no-display-inline" id="id22040FA90C224A53B8D30A56E6A97158">
<enum>(1)</enum>
<header>In general</header>
<text>Paragraph (1) of section 25C(c) is amended by striking <quote>which meets</quote> and all that follows through <quote>requirements)</quote>.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5917400B63F54A9999726B21E7B1690C"><enum>(2)</enum><header>Energy efficient building envelope component</header><text>Subsection (c) of section 25C is amended by redesignating paragraphs (2) and (3) as paragraphs (3)
and (4), respectively, and by inserting after paragraph (1) the following
new paragraph:</text><quoted-block display-inline="no-display-inline" id="id4E5A3EB5120F44A195657ACBB5632548" style="OLC"><paragraph id="idC7601491AA944B1A9CDEDC7D274864E7"><enum>(2)</enum><header>Energy efficient building envelope component</header><text>The term <term>energy efficient building envelope component</term> means a building envelope component which meets—</text><subparagraph commented="no" display-inline="no-display-inline" id="idEABAFD9329574EBFA102395C19A5BF31"><enum>(A)</enum><text>applicable Energy Star program requirements, in the case of a roof or roof products,</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id46FEFE5E92E64E3986E24BD3AAC9A876"><enum>(B)</enum><text>version 6.0 Energy Star program requirements, in the case of an exterior window, a skylight, or
an exterior door, and</text></subparagraph><subparagraph id="id610CA3E0A7B04ED2B61388BF45FD3F4F"><enum>(C)</enum><text>the prescriptive criteria for such component established by the 2009 International Energy
Conservation Code, as such Code (including supplements) is in effect on
the date of the enactment of the American Recovery and Reinvestment Tax
Act of 2009, in the case of any other component.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFD837205ECD64F7FA64C274EBD53D896">
<enum>(3)</enum>
<header>Conforming amendment</header>
<text>Subparagraph (D) of section 25C(c)(3), as so redesignated, is amended to read as follows:</text>
<quoted-block act-name="" id="id9EC96709E6F84FDF9DC7703BBEF74E57" style="OLC">
<subparagraph id="id92C300580FC14AF7AC633287596FD2C7">
<enum>(D)</enum>
<text>any roof or roof products which are installed on a dwelling unit and are specifically and primarily
designed to reduce the heat gain of such dwelling unit.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA8DFAAB9BF894F79A2DA8F4A1C8015AB">
<enum>(c)</enum>
<header>Separate standards for tankless and storage water heaters</header>
<paragraph commented="no" display-inline="no-display-inline" id="idC3F71CC234464155A62ED4B4BAC04B25">
<enum>(1)</enum>
<header>In general</header>
<text>Subparagraph (D) of section 25C(d)(3) is amended by striking <quote>which has either</quote> and all that follows and inserting “which has either—</text>
<quoted-block display-inline="no-display-inline" id="id7BBB0EA89A114E81BE385FDF5D57A88F" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="idAD85F23002424C088ABB9AB1166583D8">
<enum>(i)</enum>
<text>in the case of a storage water heater, an energy factor of at least 0.80 or a thermal efficiency of
at least 90 percent, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id096F5B8073644233BB057993C1DA8FD7">
<enum>(ii)</enum>
<text>in the case of any other water heater, an energy factor of at least 0.90 or a thermal efficiency of
at least 90 percent, and</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idB2557A13FC5548B5A8CA55B5308A9AB4">
<enum>(2)</enum>
<header>Storage water heaters</header>
<text>Paragraph (3) of section 25C(d) is amended by adding at the end the following flush sentence:</text>
<quoted-block display-inline="no-display-inline" id="id1A32623A7349456F96D6F121E92C4388" style="OLC">
<quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">For purposes of subparagraph (D)(i), the term <term>storage water heater</term> means a water heater that has a water storage capacity of more than 20 gallons but not more than
55 gallons.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="idD7262B71F98043E4931BC716089EBDDB">
<enum>(d)</enum>
<header>Modification of testing standards for biomass stoves</header>
<text>Subparagraph (E) of section 25C(d)(3) is amended by inserting before the period the following: <quote>, when tested using the higher heating value of the fuel and in accordance with the Canadian
Standards Administration B415.1 test protocol</quote>.</text>
</subsection><subsection id="id00015B2B7C904B18A9071DBFD542FD73">
<enum>(e)</enum>
<header>Separate standard for oil hot water boilers</header>
<text>Paragraph (4) of section 25C(d) is amended by striking <quote>95</quote> and inserting <quote>95 (90 in the case of an oil hot water boiler)</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HD368A58D20124508A3E8FB931936066C">
<enum>(f)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to property placed in service after December 31,
2013.</text></subsection></section><section commented="no" id="H7210A0A8AF314F4BA93F2655921E5CD4" section-type="subsequent-section">
<enum>152.</enum>
<header>Extension of credit for 2-wheeled plug-in electric vehicles</header>
<subsection commented="no" id="H35BF8E087B3F4CDF8D212C854223F49C">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Subparagraph (E) of section 30D(g)(3) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2014 (January 1, 2016, in the case of a vehicle that has 2 wheels).</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H9C1A1D51CFE249B785F723D8DC39C578"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to vehicles acquired after December 31, 2013.</text></subsection></section><section commented="no" id="H5E5E67EACCE94652981427EFEFC75210">
<enum>153.</enum>
<header>Extension of second generation biofuel producer credit</header>
<subsection id="HB1700E0EF3134C3B98C90C17ED687E3C">
<enum>(a)</enum>
<header>In general</header>
<text>Clause (i) of section 40(b)(6)(J) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" id="HF167BD05CF9248BE925C5B4CCD0F4F6E">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this subsection shall apply to qualified second generation biofuel production
after December 31, 2013.</text>
</subsection></section><section id="HD09248414DE8415E9014A85A09235109">
<enum>154.</enum>
<header>Extension of incentives for biodiesel and renewable diesel</header>
<subsection id="HA3B769E592AF4779BA7E7EAA2DB8F46C">
<enum>(a)</enum>
<header>Credits for biodiesel and renewable diesel used as fuel</header>
<text>Subsection (g) of section 40A is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="id65B51B90A5B5473C8F1E26FC1C87F3E2"><enum>(b)</enum><header display-inline="yes-display-inline">Effective date</header><text display-inline="yes-display-inline">The amendment made by this section shall apply to fuel sold or used after December 31, 2013.</text></subsection></section><section id="H22F5055778C74DDC8DA263548F4D9A2B">
<enum>155.</enum>
<header>Extension and modification of production credit for Indian coal facilities placed in service before
2009</header>
<subsection id="H404713F9882347F7ADE58D0F65281AC6">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (A) of section 45(e)(10) is amended by striking <quote>8-year period</quote> each place it appears and inserting <quote>10-year period</quote>.</text>
</subsection><subsection id="id24F9113DA6A147238DE1BEB51AE83109">
<enum>(b)</enum>
<header>Application to new leases or subleases</header>
<text>Paragraph (10) of section 45(d) is amended by inserting before the period the following: <quote>, and any new lease or sublease of such a facility</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H96DB0E22F624448BACA57F6288CDE14B">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to coal produced after December 31, 2013.</text>
</subsection></section><section commented="no" id="H98DE057010EF4E45837889BD02A40941">
<enum>156.</enum>
<header>Extension of credits with respect to facilities producing energy from certain renewable resources</header>
<subsection commented="no" id="H89E4678E30B04C46A57033F1D47FCAF7">
<enum>(a)</enum>
<header>In general</header>
<text>The following provisions of section 45(d) are each amended by striking <quote>January 1, 2014</quote> each place it appears and inserting <quote>January 1, 2016</quote>:</text>
<paragraph commented="no" id="HEE544E66EECF4FEAB110E9A7067BD3AE">
<enum>(1)</enum>
<text>Paragraph (1).</text>
</paragraph><paragraph commented="no" id="HC6ECEE8F9B27418698AC22E4252FF84D">
<enum>(2)</enum>
<text>Paragraph (2)(A).</text>
</paragraph><paragraph commented="no" id="HCCE27FA6DF434D9189AFC27061FA41F5">
<enum>(3)</enum>
<text>Paragraph (3)(A).</text>
</paragraph><paragraph commented="no" id="id8E87053198FD449F9DACFA26D90E1030">
<enum>(4)</enum>
<text>Paragraph (4)(B).</text>
</paragraph><paragraph commented="no" id="H79FC2AA9FCDA43CDBC8D5980D01AACC4">
<enum>(5)</enum>
<text>Paragraph (6).</text>
</paragraph><paragraph commented="no" id="HA4126B7AB03840D2A975C134A98AB520">
<enum>(6)</enum>
<text>Paragraph (7).</text>
</paragraph><paragraph commented="no" id="H2E0491CE6F89442495D5E35596B3C0B4">
<enum>(7)</enum>
<text>Paragraph (9).</text>
</paragraph><paragraph commented="no" id="HBF4D4F3ABA2647A6BDAA9B8A817B8479">
<enum>(8)</enum>
<text>Paragraph (11)(B).</text>
</paragraph></subsection><subsection commented="no" id="H482F90454D6645BDBC87E3A3397F374E">
<enum>(b)</enum>
<header>Extension of election to treat qualified facilities as energy property</header>
<text>Clause (ii) of section 48(a)(5)(C) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" id="H24EE0ACD874241EA88F4E595D8DADFED">
<enum>(c)</enum>
<header>Effective dates</header>
<text>The amendments made by this section shall take effect on January 1, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H9E9CCFF7494E48B4AE39520F7E54B144">
<enum>157.</enum>
<header>Extension of credit for energy-efficient new homes</header>
<subsection commented="no" display-inline="no-display-inline" id="HF486386154254A97B724C139AF7F80F0">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (g) of section 45L is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HD17C5DA442DA47CB9F06F2DA863457E0">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to homes acquired after December 31, 2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HC18546377B644884B96E7FBF19F6609B">
<enum>158.</enum>
<header>Extension of special allowance for second generation biofuel plant property</header>
<subsection commented="no" display-inline="no-display-inline" id="H9F2F3768CF834321996E974D0D921E27">
<enum>(a)</enum>
<header>In general</header>
<text display-inline="yes-display-inline">Subparagraph (D) of section 168(l)(2) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H8E0493205C934659A4472FC41A6D20AF">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to property placed in service after December 31,
2013.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id85198C8CC54040B3A86B8AC168C692CD">
<enum>159.</enum>
<header>Extension and modification of energy efficient commercial buildings deduction</header>
<subsection commented="no" display-inline="no-display-inline" id="idED2B43FCABA249E19630C1D13EEA955D">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (h) of section 179D is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id3619012DF61944818F370110E1E7C7EC">
<enum>(b)</enum>
<header>Allocations to Indian tribal governments</header>
<text>Paragraph (4) of section 179D(d) is amended by striking <quote>or local</quote> and inserting <quote>local, or Indian tribal</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id5E25BDECD31E4F2AAA4C9EB45756138C">
<enum>(c)</enum>
<header>Allocations to certain nonprofit organizations</header><paragraph commented="no" display-inline="no-display-inline" id="id9167EDBFC68140E2A87817D80DF0F47E"><enum>(1)</enum><header>In general</header>
<text>Paragraph (4) of section 179D(d), as amended by subsection (b), is amended by inserting <quote>, or by an organization that is described in section 501(c)(3) and exempt from tax under section
501(a)</quote> after <quote>political subdivision thereof</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1774B71500BC4E8EBF19C88F04DF616F"><enum>(2)</enum><header>Clerical amendment</header><text>The heading of paragraph (4) of section 179D(d) is amended by inserting <quote><header-in-text level="paragraph" style="OLC">and property held by certain non-profits</header-in-text></quote> after <quote><header-in-text level="paragraph" style="OLC">public property</header-in-text></quote>.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id03119483EF84468AA4C4733ECDB2F9DD">
<enum>(d)</enum>
<header>Updated ASHRAE standards for 2015</header><paragraph commented="no" display-inline="no-display-inline" id="idC7F03E1B7C1E44948F2EE822942356BA">
<enum>(1)</enum>
<header>In general</header>
<text>Paragraph (1) of section 179D(c) is amended by striking <quote>Standard 90.1-2001</quote> each place it appears and inserting <quote>Standard 90.1-2007</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idDEC2844B1E70479FB87878EBECFCC321">
<enum>(2)</enum>
<header>Conforming amendments</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id01A2B7EC60A546C5B7AF4D2F0A4E34D2">
<enum>(A)</enum>
<text>Paragraph (2) of section 179D(c) is amended to read as follows:</text>
<quoted-block act-name="" id="id51F85E850CBC49C0BF2A7FCA82550EFB" style="OLC">
<paragraph id="idF179E3228B344F7494EFEBDA6F84E78D">
<enum>(2)</enum>
<header>Standard 90.1-2007</header>
<text>The term <term>Standard 90.1-2007</term> means Standard 90.1-2007 of the American Society of Heating, Refrigerating, and Air Conditioning
Engineers and the Illuminating Engineering Society of North America (as in
effect on the day before the date of the adoption of Standard 90.1-2010 of
such Societies).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id61AEE2BCC5954EC58FFA8EB67B7D3758">
<enum>(B)</enum>
<text>Subsection (f) of section 179D is amended by striking <quote>Standard 90.1-2001</quote> each place it appears in paragraphs (1) and (2)(C)(i) and inserting <quote>Standard 90.1-2007</quote>.</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id3BE3828F702748FA9CC32E904A5B9F82">
<enum>(C)</enum>
<text>Paragraph (1) of section 179D(f) is amended—</text>
<clause commented="no" display-inline="no-display-inline" id="idFA633CCE36CA46739DD0F4B8A02D1EEF">
<enum>(i)</enum>
<text>by striking <quote>Table 9.3.1.1</quote> and inserting <quote>Table 9.5.1</quote>, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id579ADDFB9DE74ABE861FBDB7C24CADE1"><enum>(ii)</enum><text>by striking <quote>Table 9.3.1.2</quote> and inserting <quote>Table 9.6.1</quote>.</text></clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id16CAD659C27B4B3795A9463D59C6D38D"><enum>(3)</enum><header>Effective date</header><text>The amendments made by this paragraph shall apply to property placed in service after December 31,
2014.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id36B13D1ED851498CA73C8B31D4AD96D5">
<enum>(e)</enum>
<header>Effective date</header>
<text>Except as provided in subsection (d)(3), the amendments made by this
section shall apply to property placed in service after December 31,
2013.</text></subsection></section><section id="HA7DEEACE019D405D9369CFCA2DBB0130">
<enum>160.</enum>
<header>Extension of special rule for sales or dispositions to implement FERC or State electric
restructuring policy for qualified electric utilities</header>
<subsection id="H5ED35B8E90A54EA7971D716AE3EFD5C8">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (3) of section 451(i) is amended by striking <quote>January 1, 2014</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HE3594E2A33904A3E988FB84D10E84CE0"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to dispositions after December 31, 2013.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="id103DB9B6CE6F4D4A8DC52FB5B8EDD445"><enum>161.</enum><header>Extension of excise tax credits relating to certain fuels</header><subsection id="H7606CB3931C44B76827D015BAA49C9D3">
<enum>(a)</enum>
<header>Excise tax credits and outlay payments for biodiesel and renewable diesel fuel mixtures</header>
<paragraph id="HE7996E8F2006423ABA7480C910393C5C">
<enum>(1)</enum>
<text>Paragraph (6) of section 6426(c) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</paragraph><paragraph id="H63730E3AC8ED4DF899918DE2D2331B6D">
<enum>(2)</enum>
<text>Subparagraph (B) of section 6427(e)(6) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HACDA3F50211C4202BE37A488D7A26136">
<enum>(b)</enum>
<header>Extension of alternative fuels excise tax credits</header>
<paragraph commented="no" display-inline="no-display-inline" id="H9CB735D53C1C491F9512D93ECCE497E9">
<enum>(1)</enum>
<header>In general</header>
<text>Sections 6426(d)(5) and 6426(e)(3) are each amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HBA9EA9B6A0784C77BB3E6F237FF6840F">
<enum>(2)</enum>
<header>Outlay payments for alternative fuels</header>
<text>Subparagraph (C) of section 6427(e)(6) is amended by striking <quote>December 31, 2013</quote> and inserting <quote>December 31, 2015</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id8D72286CD14749D491CEC7E5B8CBCCF8">
<enum>(c)</enum>
<header>Extension of alternative fuels excise tax credits relating to liquefied hydrogen</header>
<paragraph commented="no" display-inline="no-display-inline" id="id07AF2A0926D54867AFD676980D5224CC">
<enum>(1)</enum>
<header>In general</header>
<text>Sections 6426(d)(5) and 6426(e)(3), as amended by subsection (b), are each amended by striking <quote>(September 30, 2014 in the case of any sale or use involving liquefied hydrogen)</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0D076012AECF487492E19D86FE363EAD">
<enum>(2)</enum>
<header>Outlay payments for alternative fuels</header>
<text>Paragraph (6) of section 6427(e) is amended—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id14692DBE4BEC4472AAAFEEC490791F7B">
<enum>(A)</enum>
<text>by striking <quote>except as provided in subparagraph (D), any</quote> in subparagraph (C), as amended by this Act, and inserting <quote>any</quote>,</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id15760D1E87D24A28B27DB060E5B3D725">
<enum>(B)</enum>
<text>by striking the comma at the end of subparagraph (C) and inserting <quote>, and</quote>, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF30F0555824B478B9E9E921E0E4E11AB">
<enum>(C)</enum>
<text>by striking subparagraph (D) and redesignating subparagraph (E) as subparagraph (D).</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id6C1E6600F2F242B6AAFD44D07FE15AF1"><enum>(d)</enum><header>Effective dates</header><paragraph commented="no" display-inline="no-display-inline" id="idECCB1D64502E4441BB39CBDAAD3F67A6"><enum>(1)</enum><header>In general</header><text>Except as provided in paragraph (2), the amendments made by this section shall apply to fuel sold
or used after December 31, 2013.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3C7D052A8023465FA36A47BDCE2953A4"><enum>(2)</enum><header>Liquefied hydrogen</header><text>The amendments made by subsection (c) shall apply to fuels sold or used after September 30, 2014.</text></paragraph></subsection><subsection id="iddfa9b8432609442c932d9240c153ae02">
<enum>(e)</enum>
<header>Special rule for certain periods during 2014</header>
<text>Notwithstanding any other provision of law, in the case of—</text><paragraph id="id0632657F47A049BD803DFA10B9984D13"><enum>(1)</enum><text>any biodiesel mixture credit properly
determined under section 6426(c) of the Internal Revenue Code of 1986 for
periods after December 31, 2013, and before the date of the enactment of
this
Act, and</text></paragraph><paragraph id="id2F464BDEA6C9421D8DEBC3DE52182ADB"><enum>(2)</enum><text>any alternative fuel credit properly determined under section 6426(d) of such Code for such
periods,</text></paragraph><continuation-text continuation-text-level="subsection">such credit shall be allowed, and any refund or payment attributable
to such credit (including any payment under section 6427(e) of such Code)
shall be made, only in such manner as the Secretary of the Treasury (or
the Secretary’s delegate) shall provide. Such Secretary shall issue
guidance within 30 days after the date of the enactment of this Act
providing for a one-time submission of claims covering periods described
in the preceding sentence. Such guidance shall provide for a 180-day
period for the submission
of such claims (in such manner as prescribed by such Secretary) to begin
not later than 30 days after such guidance is issued. Such claims shall
be paid by such Secretary not later than 60 days after receipt. If such
Secretary has not paid pursuant to a claim filed under this subsection
within 60 days after the date of the filing of such claim, the claim
shall be paid with interest from such date determined by using the
overpayment rate and method under section 6621 of such Code.</continuation-text></subsection></section></subtitle>
<enum>II</enum>
<header>Provisions expiring in 2014</header>
<subtitle id="id695C0A0256A74106B2B9627FBF2A46F4" style="OLC">
<enum>A</enum>
<header>Energy tax extenders</header>
<section commented="no" id="idAA0909152CFD423EB7237604138B38C3">
<enum>201.</enum>
<header>Extension of credit for new qualified fuel cell motor vehicles</header>
<subsection commented="no" id="id8426B8BAB8F04FFFBE303D6F52910184">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraph (1) of section 30B(k) is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection commented="no" id="id07C61C55EBB949AD96914E174C6C55FC">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to property purchased after December 31, 2014.</text>
</subsection></section><section id="idC6EF1831A5F249BA9328B326726866C8">
<enum>202.</enum>
<header>Extension of credit for alternative fuel vehicle refueling property</header>
<subsection id="id9092A38DE9FD4AF485745396EA6CADF0">
<enum>(a)</enum>
<header>In general</header>
<text>Subsection (g) of section 30C is amended by striking <quote>placed in service</quote> and all that follows and inserting <quote>placed in service after December 31, 2015.</quote>.</text>
</subsection><subsection id="id0D8AD0B8532B4CFFB8325889BF91DADD">
<enum>(b)</enum>
<header>Effective date</header>
<text>The amendment made by this section shall apply to property placed in service after December 31,
2013.</text>
</subsection></section></subtitle><subtitle id="idB4CBC8DBD69B45FB99F032307A9F0FD7" style="OLC">
<enum>B</enum>
<header>Extenders relating to multiemployer defined benefit pension plans</header>
<section id="idFF8A981DE4444E3AA8EDFD8A3F6F28B1">
<enum>251.</enum>
<header>Extension of automatic extension of amortization periods</header>
<subsection id="idBBF2485B613340E9909519968F6790E0">
<enum>(a)</enum>
<header>In general</header>
<text>Subparagraph (C) of section 431(d)(1) is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection id="id48E65EA956724A318C836F230C88BB8F">
<enum>(b)</enum>
<header>Amendment to Employee Retirement Income Security Act of 1974</header>
<text>Subparagraph (C) of section 304(d)(1) of the Employee Retirement Income Security Act of 1974 (29
U.S.C. 1084(d)(1)(C)) is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection id="id13FEB4BAD0F648F1A4829F6E1DF0A806">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to applications submitted under section
431(d)(1)(A) of the Internal Revenue Code of 1986 and section 304(d)(1)(C)
of the Employee Retirement Income Security Act of 1974 after December 31,
2014.</text>
</subsection></section><section id="id067F15F137FB4DFABE8306F5AD98E70B">
<enum>252.</enum>
<header>Extension of funding improvement and rehabilitation plan rules</header>
<subsection id="id202481EC3C75421B9946223E36E6B861">
<enum>(a)</enum>
<header>In general</header>
<text>Paragraphs (1) and (2) of section 221(c) of the Pension Protection Act of 2006 are each amended by
striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2015</quote>.</text>
</subsection><subsection id="id057C6AE1E97F4899A891EB68FD1632D6">
<enum>(b)</enum>
<header>Conforming amendment</header>
<text>Paragraph (2) of section 221(c) of the Pension Protection Act of 2006 is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2016</quote>.</text>
</subsection><subsection id="id78272ACEF4434422AD98DE49DE731CC3">
<enum>(c)</enum>
<header>Effective date</header>
<text>The amendments made by this section shall apply to plan years beginning after December 31, 2014.</text>
</subsection></section></subtitle><enum>III</enum><header>Revenue provisions</header><section commented="no" display-inline="no-display-inline" id="idD92DBD3A3AF64A3480A5ED71EFDA8126"><enum>301.</enum><header>Penalty for
failure to meet due diligence requirements for the child tax credit</header><subsection id="id648CC46EA1054F4DB3798E0974FB5E5C"><enum>(a)</enum><header>In
general</header><text>Section 6695 is amended by adding at the end the
following new subsection:</text><quoted-block display-inline="no-display-inline" id="idA8DB568F76054936B0CF73D2A9B25838" style="OLC"><subsection id="idBA095A6C382E43AEAEEA3460AC09CAB6"><enum>(h)</enum><header>Failure to be
diligent in determining eligibility for child tax credit</header><text>Any
person who is a tax return preparer with respect to any return or claim for
refund who fails to comply with due diligence requirements imposed by the
Secretary by regulations with respect to determining eligibility for, or the
amount of, the credit allowable by section 24 shall pay a penalty of $500 for
each such
failure.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id2381CDEDC95D43CEA500127A514CF858"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by this section shall apply to taxable
years beginning after December 31, 2014.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="id42107EBA215C4B57ABA59FE94CAAE8EA"><enum>302.</enum><header>100 percent
continuous levy on payment to medicare providers and suppliers</header><subsection commented="no" display-inline="no-display-inline" id="id345CBAED8FEA4939B56CB9BBB0D8C841"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Paragraph (3) of section 6331(h) is amended
by striking the period at the end and inserting <quote>, or to a Medicare provider or supplier under title XVIII of the
Social Security Act.</quote>.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="idC0B4C2F8FB8C4672995DE6572AF15FE2"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to payments made on or after the date which is 180
days after the date of the enactment of this Act.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="id179342D25A294192BCC592A49871BF68"><enum>303.</enum><header>Exclusion from gross income of certain clean coal power grants to non-corporate taxpayers</header><subsection id="idF1EAE84895974A66978C66E2CEC825D4"><enum>(a)</enum><header>General rule</header><text>In the case of an eligible taxpayer other than a corporation, gross income for purposes of the
Internal Revenue Code of 1986 shall not include any
amount received under section 402 of the Energy Policy Act of 2005.</text></subsection><subsection id="idF3E7A7187B454C7894D74785C0136A95"><enum>(b)</enum><header>Reduction in basis</header><text>The basis of any property subject to the allowance for depreciation under the Internal Revenue Code
of 1986 which is acquired with any
amount to which subsection (a) applies during the 12-month period
beginning on the day such amount is received shall be reduced by an amount
equal to such amount. The excess (if any) of such amount over the amount
of the reduction under the preceding sentence shall be applied to the
reduction (as of the last day of the period specified in the preceding
sentence) of the basis of any other property held by the taxpayer. The
particular properties to which the reductions required by this subsection
are allocated shall be determined by the Secretary of the Treasury (or the
Secretary's delegate) under regulations similar to the
regulations under section 362(c)(2) of such Code.</text></subsection><subsection id="id81CC0768EF8A41D3BC3A7260B3BA873A"><enum>(c)</enum><header>Limitation to amounts which would be contributions to capital</header><text>Subsection (a) shall not apply to any amount unless such amount, if received by a corporation,
would be excluded from gross income under section 118 of the Internal
Revenue Code of 1986.</text></subsection><subsection id="id90A1079299E04BFB881A56A7ED2803E5"><enum>(d)</enum><header>Eligible taxpayer</header><text>For purposes of this section, with respect to any amount received under section 402 of the Energy
Policy Act of 2005, the term <term>eligible taxpayer</term> means a taxpayer that makes a payment to the Secretary of the Treasury (or the Secretary's
delegate) equal to 1.18 percent of the amount so
received. Such payment shall be made at such time and in such manner as
such Secretary (or the
Secretary's delegate) shall prescribe. In the case of a
partnership, such
Secretary (or the
Secretary's delegate) shall prescribe regulations to determine the
allocation of such
payment amount among the partners.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="idCF141C13869342E5BA1A52448EC04301"><enum>(e)</enum><header>Effective date</header><text>This section shall apply to amounts received under section 402 of the Energy Policy Act of 2005 in
taxable years beginning
after December 31, 2011.</text></subsection></section><section id="id466469B07F4743A7B32DCC693EA245B9" section-type="subsequent-section"><enum>304.</enum><header>Reform of rules relating to qualified tax collection contracts</header><subsection id="id85d6747692ac45939c51e73a95c4af5e"><enum>(a)</enum><header>Requirement to collect certain inactive tax receivables under qualified tax collection contracts</header><text>Section 6306 is amended by redesignating subsections (c)
through (f) as subsections (d) through
(g), respectively, and by inserting after subsection (b) the following new
subsection:</text><quoted-block display-inline="no-display-inline" id="id501e543690cb498cba89713f4de75f97" style="OLC"><subsection id="id699133b0beae45f2b84eb9eab0a28a11"><enum>(c)</enum><header>Collection of inactive tax receivables</header><paragraph id="id45472b3ddd844386985c6b8387a686d0"><enum>(1)</enum><header>In general</header><text>Notwithstanding any other provision of law, the Secretary shall enter into one or more qualified
tax collection contracts for the collection of all outstanding inactive
tax receivables.</text></paragraph><paragraph id="ida8e35e9cc5f74efc8eac065490dc65d9"><enum>(2)</enum><header>Inactive tax receivables</header><text>For purposes of this section—</text><subparagraph id="id0f07240c3a1f4412a03041a516798929"><enum>(A)</enum><header>In general</header><text>The term <term>inactive tax receivable</term> means any tax receivable if—</text><clause id="id2da020bd2907465ca2c8872360c6cee8"><enum>(i)</enum><text>at any time after assessment, the Internal Revenue Service removes such receivable from the active
inventory for lack of resources or inability to locate the taxpayer,</text></clause><clause id="idcadbde610a5447c4bb4420533783f643"><enum>(ii)</enum><text>more than <fraction>1⁄3</fraction> of the period of the applicable statute of limitation has lapsed and such receivable has not been
assigned for
collection to any employee of
the Internal Revenue Service, or</text></clause><clause id="idbbe7366a78a44459892b87f131104ee7"><enum>(iii)</enum><text>in the case of a receivable which has been assigned for collection, more than 365 days have passed
without interaction with the taxpayer or a third party for purposes of
furthering the collection of such receivable.</text></clause></subparagraph><subparagraph id="id122438ccc3664592bc506301b54bb2be"><enum>(B)</enum><header>Tax receivable</header><text>The term <term>tax receivable</term> means any outstanding assessment which the Internal Revenue Service includes in potentially
collectible inventory.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id4607b09b1fd04b10b6791933f476fee5"><enum>(b)</enum><header>Certain tax receivables not eligible for collection under qualified tax collection contracts</header><text>Section 6306, as amended by subsection (a), is amended by
redesignating subsections (d) through (g)
as subsections (e) through (h), respectively, and by inserting after
subsection (c) the following new subsection:</text><quoted-block display-inline="no-display-inline" id="id48fbcd5cba844c5288529c22a4ee440b" style="OLC"><subsection id="id6718a04c975740e2b0d254eb39684e2b"><enum>(d)</enum><header>Certain tax receivables not eligible for collection under qualified tax collections contracts</header><text>A tax receivable shall not be eligible for collection pursuant to a qualified tax collection
contract if such receivable—</text><paragraph id="id8bbbe698255540f09c171f5368a7fe14"><enum>(1)</enum><text>is subject to a pending or active offer-in-compromise or installment agreement,</text></paragraph><paragraph id="id807e0510d48c497db608d7a6f2a953a4"><enum>(2)</enum><text>is classified as an innocent spouse case,</text></paragraph><paragraph id="id09910a6b472f430dbfe5564f60bd3726"><enum>(3)</enum><text>involves a taxpayer identified by the Secretary as being—</text><subparagraph id="idd01b9f18d0344e73870658d815165011"><enum>(A)</enum><text>deceased,</text></subparagraph><subparagraph id="id9705913afddd4d97894deab1f5b5c789"><enum>(B)</enum><text>under the age of 18,</text></subparagraph><subparagraph id="ideae1a593b2d24c51a60f5f96b0349aa3"><enum>(C)</enum><text>in a designated combat zone, or</text></subparagraph><subparagraph id="id90a206770c8648fdb4bae25fc4b83c23"><enum>(D)</enum><text>a victim of tax-related identity theft,</text></subparagraph></paragraph><paragraph id="id92858ad300f445f49b9e82a266da96df"><enum>(4)</enum><text>is currently under examination, litigation, criminal investigation, or levy, or</text></paragraph><paragraph id="idad671c69af1049759b19ca5b23e0a558"><enum>(5)</enum><text>is currently subject to a proper exercise of a right of appeal under this title.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id2dc8b38f18fa494e8f66dfc38f837534"><enum>(c)</enum><header>Contracting priority</header><text>Section 6306, as amended by the preceding provisions of this
section, is amended by redesignating
subsection (h) as subsection (i) and by inserting after subsection (g) the
following new subsection:</text><quoted-block display-inline="no-display-inline" id="ide5b1a9973eb9457bbb6e033aa1d6fa73" style="OLC"><subsection id="ida59f8183525146deb0c467ef3fcf0e4f"><enum>(h)</enum><header>Contracting priority</header><text>In contracting for the services of any person under this section, the Secretary shall utilize
private collection contractors and debt collection centers on
the schedule required under <external-xref legal-doc="usc" parsable-cite="usc/31/3711">section 3711(g)</external-xref> of title 31, United States
Code, including the technology and communications infrastructure
established therein, to the extent such private collection contractors and
debt
collection centers are appropriate to carry out the purposes of this
section.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id81be33fe85e946f8b4fa1a903350e522"><enum>(d)</enum><header>Disclosure of return information</header><text>Section 6103(k) is amended by adding at the end the following
new paragraph:</text><quoted-block display-inline="no-display-inline" id="id095353bde44e4932b97a3602fb84f4e4" style="OLC"><paragraph id="idc4e104f15d2f43558b2b95efa0282194"><enum>(11)</enum><header>Qualified tax collection contractors</header><text>Persons providing services pursuant to a qualified tax collection contract under section 6306 may,
if speaking to a person who has identified himself or herself as having
the name of the taxpayer to which a tax receivable (within the meaning of
such section) relates, identify themselves as contractors of the Internal
Revenue Service and disclose the business name of the contractor, and the
nature, subject, and reason for the contact. Disclosures under this
paragraph shall be made only in such situations and under such conditions
as have been approved by the Secretary.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id30374fbf138248e18a2def54c2f704a4"><enum>(e)</enum><header>Taxpayers affected by federally declared disasters</header><text>Section 6306, as amended by the preceding provisions of this
section, is amended by redesignating
subsection (i) as subsection (j) and by inserting after subsection (h) the
following new subsection:</text><quoted-block display-inline="no-display-inline" id="id44c2724385b247968572fd0f510965cc" style="OLC"><subsection id="iddf0d113cf98e4cebaba1ed3345abd076"><enum>(i)</enum><header>Taxpayers in presidentially declared disaster areas</header><text>The Secretary may prescribe procedures under which a taxpayer determined to be affected by a
Federally declared disaster (as defined by section 165(h)(3)(C)) may
request—</text><paragraph id="id27c0cc7eefb84ad19a89eb08c22b694d"><enum>(1)</enum><text>relief from immediate collection measures by contractors under this section, and</text></paragraph><paragraph id="idf8c6d441ce5e4d1aab246f6be367448b"><enum>(2)</enum><text>a return of the inactive tax receivable to the inventory of the Internal Revenue Service to be
collected by an employee thereof.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id69b13866916c488abdc9b0e4b066bc53"><enum>(f)</enum><header>Report to Congress</header><paragraph id="id3778312d20d04db9b69a11e503eaf563"><enum>(1)</enum><header>In general</header><text>Section 6306, as amended by the preceding provisions of this
section, is amended by redesignating
subsection (j) as subsection (k) and by inserting after subsection (i) the
following new subsection:</text><quoted-block display-inline="no-display-inline" id="idd71ecc77fd584c0486fb6298172fd93e" style="OLC"><subsection id="idd5985dfe98c34156ac54188202cc85ac"><enum>(j)</enum><header>Report to Congress</header><text>Not later than 90 days after the last day of each fiscal year (beginning with the first such fiscal
year ending
after the date of the enactment of this subsection), the Secretary shall
submit to
the Committee on Ways and Means of the House of Representatives and the
Committee on Finance of the Senate a report with respect to qualified tax
collection contracts under this section which shall include—</text><paragraph id="ideee74d1c278a41b4bae395d635ddb2b5"><enum>(1)</enum><text>annually, with respect to such fiscal year—</text><subparagraph id="id7a264d5f65f04d819c514bf48bd49317"><enum>(A)</enum><text>the total number and amount of tax receivables provided to each contractor for collection under
this section,</text></subparagraph><subparagraph id="id046b4e35f3c3459a9af384651bda54af"><enum>(B)</enum><text>the total amounts collected (and amounts of installment agreements entered into under subsection
(b)(1)(B)) with respect to each contractor and the collection costs
incurred (directly and indirectly) by the Internal Revenue Service with
respect to such amounts,</text></subparagraph><subparagraph id="id99af1f886bd441859cf9cc3a0b971e60"><enum>(C)</enum><text>the impact of such contracts on the total number and amount of unpaid assessments, and on the
number and amount of assessments collected by Internal Revenue Service
personnel after initial contact by a contractor,</text></subparagraph><subparagraph id="idc05132381b1849a3a2a994eb9b16a9cb"><enum>(D)</enum><text>the amount of fees retained by the Secretary under subsection (e) and a description of the use of
such funds, and</text></subparagraph><subparagraph id="id7393fccc602a4158b1bee11eb4a4f923"><enum>(E)</enum><text>a disclosure safeguard report in a form similar to that required under section 6103(p)(5), and</text></subparagraph></paragraph><paragraph id="ide21a5e03f0a04085af58804eb5970b04"><enum>(2)</enum><text>biannually (beginning with the second report submitted under this subsection)—</text><subparagraph id="id075e48d9d5a14985b8e8a938a3cbde23"><enum>(A)</enum><text>an independent evaluation of contractor performance, and</text></subparagraph><subparagraph id="id2163fb80e3db402b8114951867d60e87"><enum>(B)</enum><text>a measurement plan that includes a comparison of the best practices used by the private collectors
to the collection techniques used by the Internal Revenue Service and
mechanisms to identify and capture information on successful collection
techniques used by the contractors that could be adopted by the Internal
Revenue Service.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="iddba0af8136ce4dbab4a2ced6d7c31e17"><enum>(2)</enum><header>Repeal of existing reporting requirements with respect to qualified tax collection contracts</header><text>Section 881 of the American Jobs Creation Act of 2004 is amended by striking subsection (e).</text></paragraph></subsection><subsection id="id61e796adc0b5411aaa0d5e2429f7a008"><enum>(g)</enum><header>Effective dates</header><paragraph id="id3e43f90f8bc74ecd81707ff56928fc6a"><enum>(1)</enum><header>In general</header><text>The amendments made by subsections (a) and (b) shall apply to tax receivables identified by the
Secretary after the date of the enactment of this Act.</text></paragraph><paragraph id="id91eba52538e440b1ba689866c3719d53"><enum>(2)</enum><header>Contracting priority</header><text>The Secretary shall begin entering into contracts and agreements as described in the amendment made
by subsection (c) within 3
months after
the date of the enactment of this Act.</text></paragraph><paragraph id="id1c91a6094866456ebb08d628bb3b7160"><enum>(3)</enum><header>Disclosures</header><text>The amendment made by subsection (d) shall apply to disclosures made after the date of the
enactment of this Act.</text></paragraph><paragraph id="id0da4cf11d29a43a2844155ce3f2cbcb2"><enum>(4)</enum><header>Procedures; report to congress</header><text>The amendments made by subsections (e) and (f) shall take effect on the date of the enactment of
this Act.</text></paragraph></subsection></section><section id="id16fd70c8673341f5adb558dd14f4d9ca"><enum>305.</enum><header>Special compliance personnel program</header><subsection id="idbf97f11fbfb64500832c4625fcb946cf"><enum>(a)</enum><header>In general</header><text>Subsection (e) of section 6306, as redesignated by section 604,
is amended by striking <quote>for collection enforcement activities of the Internal Revenue Service</quote> in paragraph (2) and inserting <quote>to fund the special compliance personnel program account under section 6307</quote>.</text></subsection><subsection id="id4272047c68884e18b9a5d5d65c0176f0"><enum>(b)</enum><header>Special compliance personnel program account</header><text>Subchapter A of chapter 64 is amended by adding at the end the
following new section:</text><quoted-block display-inline="no-display-inline" id="id9c3618054e4c485d853c83e258bd5363" style="OLC"><section id="idec4186387e494fc5aadc559638148327"><enum>6307.</enum><header>Special compliance personnel program account</header><subsection id="id72afccf9f1454fa6875da68b1f68a11d"><enum>(a)</enum><header>Establishment of a special compliance personnel program account</header><text>The Secretary shall establish an account within the Department for carrying out a program
consisting of the hiring, training, and
employment of special compliance personnel, and shall transfer to such
account from time to time amounts retained by the Secretary under section
6306(e)(2).</text></subsection><subsection id="id66661cb9e7ea4520a5b002ebf069af27"><enum>(b)</enum><header>Restrictions</header><text>The program described in subsection (a) shall be subject to the following restrictions:</text><paragraph id="idc75ff3293dad4925b5a05d312294ee90"><enum>(1)</enum><text>No funds shall be transferred to such account except as described in subsection (a).</text></paragraph><paragraph id="iddb2632f027254640a11908dc69acb81e"><enum>(2)</enum><text>No other funds from any other source shall be expended for special compliance personnel employed
under such program, and no funds from such account shall be expended for
the hiring of any personnel other than special compliance personnel.</text></paragraph><paragraph id="id8a31cafe5b5a45bb973fb56e07e213d9"><enum>(3)</enum><text>Notwithstanding any other authority, the Secretary is prohibited from spending funds out of such
account for any purpose other than for costs under such program associated
with
the employment of special compliance personnel and the retraining and
reassignment of current noncollections personnel as special compliance
personnel, and to reimburse the Internal Revenue
Service or other government agencies for the cost of administering
qualified tax collection contracts under section 6306.</text></paragraph></subsection><subsection id="id6cac517649cb4564be872588ab8a305b"><enum>(c)</enum><header>Reporting</header><text>Not later than March of each year, the Commissioner of Internal Revenue shall submit a report to
the Committees on Finance and Appropriations of the Senate and the
Committees
on Ways and Means and Appropriations of the House of Representatives
consisting of the following:</text><paragraph id="ida62a498c1057411189250679901dafe1"><enum>(1)</enum><text>For the preceding fiscal year, all funds received in the account established under subsection (a),
administrative and program
costs for the program described in such subsection, the number of special
compliance personnel hired and employed under
the program, and the amount of revenue actually collected by such
personnel.</text></paragraph><paragraph id="id2f4ced29bb204e33a0bb7e6a1cbaf604"><enum>(2)</enum><text>For the current fiscal year, all actual and estimated funds received or to be received in the
account, all actual and estimated administrative and program costs, the
number of all actual and estimated special compliance personnel hired and
employed under the program, and the actual and estimated revenue actually
collected or to be collected by such personnel.</text></paragraph><paragraph id="id85d09d570060450baf7235bdf22db4f5"><enum>(3)</enum><text>For the following fiscal year, an estimate of all funds to be received in the account, all
estimated administrative and program costs, the estimated number of
special compliance personnel hired and employed under the program, and the
estimated revenue to be collected by such personnel.</text></paragraph></subsection><subsection id="id26eb1ff3b49447508744e50f9a356271"><enum>(d)</enum><header>Definitions</header><text>For purposes of this section—</text><paragraph id="idef2a44f73d64492684fb43431d70f812"><enum>(1)</enum><header>Special compliance personnel</header><text>The term <term>special compliance personnel</term> means individuals employed by the Internal Revenue Service as field function
collection officers or in a similar position, or employed to collect
taxes using the
automated collection system or an equivalent replacement system.</text></paragraph><paragraph id="id636d677744d14467a116bc7e801682d0"><enum>(2)</enum><header>Program costs</header><text>The term <term>program costs</term> means—</text><subparagraph id="idC465213811414647A2CFE395CC1B3E2F"><enum>(A)</enum><text>total salaries (including locality pay and bonuses), benefits, and
employment taxes for special compliance personnel employed or trained
under the program described in subsection (a), and</text></subparagraph><subparagraph id="id23A5463C89A24072BD0E271982A0D34D"><enum>(B)</enum><text>direct overhead costs, salaries, benefits, and employment taxes relating to support
staff,
rental payments, office equipment and furniture, travel, data processing
services, vehicle costs, utilities, telecommunications, postage, printing
and reproduction, supplies and materials, lands and structures, insurance
claims, and indemnities for special compliance personnel hired and
employed
under this section.</text></subparagraph><continuation-text continuation-text-level="paragraph">For purposes of subparagraph (B), the cost of management and supervision of special compliance
personnel shall be taken into account as direct overhead costs to the
extent such costs, when included in total program costs under this
paragraph, do not represent more than 10 percent of such total costs.</continuation-text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id50F6EFA3EAA84A908D6E63A74DE38979"><enum>(c)</enum><header>Clerical amendment</header><text>The table of sections for subchapter A of chapter 64 is
amended by inserting after the item relating to section 6306 the following
new item:</text><quoted-block id="id796541b0-e1ff-4cda-a762-b18551cf9d3e" style="OLC"><toc><toc-entry idref="idec4186387e494fc5aadc559638148327" level="section">Sec. 6307. Special compliance personnel program account.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="idACB05A202242400889359845A8AF483B"><enum>(d)</enum><header>Effective date</header><text>The amendment made by subsection (a) shall apply to amounts collected and retained by the Secretary
after the date of the enactment of this Act.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="id4939E10A203B4E6298F6BD8D6DAC64B1"><enum>306.</enum><header>Exclusion of
dividends from controlled foreign corporations from the definition of personal
holding company income for purposes of the personal holding company
rules</header>
<subsection commented="no" display-inline="no-display-inline" id="id35B18EB6D4154995834DA9E5E8B8ED08"><enum>(a)</enum><header>In
general</header><text>Paragraph (1) of section 543(a) is amended by
redesignating subparagraphs (C) and (D) as subparagraphs (D) and (E),
respectively, and by inserting after subparagraph (B) the following new
subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="idAB09BDB0CD2742B7B19BE32E60B25A43" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="idDC1449E127664DF79D9C04EA2172477B"><enum>(C)</enum><text>dividends
received by a United States shareholder (as defined in section 951(b)) from a
controlled foreign corporation (as defined in section
957(a)),</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idBBB2E019C8CA4D10A6D616BA30408994"><enum>(b)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years ending on or after the date of the enactment of this Act.</text></subsection></section><section id="idF80782914C1A451C93232EA74CA979A1"><enum>307.</enum><header>Inflation adjustment for certain civil penalties under the Internal Revenue Code of 1986</header><subsection id="id9CA46F201AE24E7ABE2EC35D52D3525E"><enum>(a)</enum><header>Failure to file tax return or pay tax</header><text>Section 6651 is amended by adding at the end the following new
subsection:</text><quoted-block display-inline="no-display-inline" id="idC5ABBC264E944F77ACC650AD178D767B" style="OLC"><subsection id="id4872ed73db1c4e749d8ea705f59bbe21"><enum>(i)</enum><header>Adjustment for inflation</header><paragraph id="idCF85C87DB6D0441F8F33C7838A3FD7A0"><enum>(1)</enum><header>In general</header><text>In the case of any return required to be filed in a calendar year beginning after 2014, the $135
dollar amount under subsection (a) shall be increased by such dollar
amount multiplied by the cost-of-living adjustment determined under
section 1(f)(3) determined by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text></paragraph><paragraph id="id4129BC70EDF24796939ADB017A2AF1E6"><enum>(2)</enum><header>Rounding</header><text>If any amount adjusted under paragraph (1) is not a multiple of $5, such amount shall be rounded to
the next lowest multiple of $5.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idF4B3547744DF496898BD6A0E2B916D33"><enum>(b)</enum><header>Failure to file certain information returns, registration statements, etc</header><paragraph id="id8E655386F6674A3D92E7DBF849BFAF73"><enum>(1)</enum><header>In general</header><text>Section 6652(c) is amended by adding at the end the following
new paragraph:</text><quoted-block display-inline="no-display-inline" id="id960FC34BB58C42F8AAF06290AB3F4B22" style="OLC"><paragraph id="idfb94295448e3420ebed28947ece8ce4f"><enum>(6)</enum><header>Adjustment for inflation</header><subparagraph id="idD6026032FAB44F6F9AA3F8F152DC82FC"><enum>(A)</enum><header>In general</header><text>In the case of any failure relating to a return required to be filed in a calendar year beginning
after 2014, each of the dollar amounts under paragraphs (1), (2), and (3)
shall be increased by such dollar amount multiplied by the cost-of-living
adjustment determined under section 1(f)(3) determined by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text></subparagraph><subparagraph id="ida83249c06424499aa855fd973f3c8c1d"><enum>(B)</enum><header>Rounding</header><text>If any amount adjusted under subparagraph (A)—</text><clause id="id72a241611c724d6d8890addee43c23f7"><enum>(i)</enum><text>is not less than $5,000 and is not a multiple of $500, such amount shall be rounded to the next
lowest multiple of $500, and</text></clause><clause id="idbd89100bf4774c1b8435c40e4c573b0e"><enum>(ii)</enum><text>is not described in clause (i) and is not a multiple of $5, such amount shall be rounded to the
next lowest multiple of $5.</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="id4F2258EAF2CB4C49BE8CCCCD2D9F87B3"><enum>(2)</enum><header>Conforming amendments</header><subparagraph id="id110A9820AB014AE0B9A1F1CAB6554E96"><enum>(A)</enum><text>The last sentence of section 6652(c)(1)(A) is amended by striking <quote>the first sentence of this subparagraph shall be applied by substituting <quote>$100</quote> for <quote>$20</quote> and</quote> and inserting <quote>in applying the first sentence of this subparagraph, the amount of the penalty for each day during
which a failure continues shall be $100 in lieu of the amount otherwise
specified, and</quote>.</text></subparagraph><subparagraph id="idBF5313DBFD994DE49037F24A8EEC559A"><enum>(B)</enum><text>Clause (ii) of section 6652(c)(2)(C) is amended by striking <quote>the first sentence of paragraph (1)(A)</quote> and all that follows and inserting <quote>in applying the first sentence of paragraph (1)(A), the amount of the penalty for each day during
which a failure continues shall be $100 in lieu of the amount otherwise
specified, and in lieu of applying the second sentence of paragraph
(1)(A), the maximum penalty under paragraph (1)(A) shall not exceed
$50,000, and</quote>.</text></subparagraph></paragraph></subsection><subsection id="id0BA07FDE3E104340AA3B974FDD58FDCD"><enum>(c)</enum><header>Other assessable penalties with respect to the preparation of tax returns for other persons</header><text>Section 6695 is amended by adding at the end the following new subsection:</text><quoted-block display-inline="no-display-inline" id="id00EE059C556440E2AF3A3A0D84EB48EF" style="OLC"><subsection id="idD639CDF3449143359C7C084606F3F70B"><enum>(h)</enum><header>Adjustment for inflation</header><paragraph id="id66FFE0F38F164EC19BD7E7A9CD59B839"><enum>(1)</enum><header>In general</header><text>In the case of any failure relating to a return or claim for refund filed in a calendar year
beginning
after 2014, each of the dollar amounts under subsections (a), (b), (c),
(d), (e), (f), and (g)
shall be increased by such dollar amount multiplied by the cost-of-living
adjustment determined under section 1(f)(3) determined by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text></paragraph><paragraph id="idD0D963253E2049BF98C8B30FDF269389"><enum>(2)</enum><header>Rounding</header><text>If any amount adjusted under subparagraph (A)—</text><subparagraph id="id3204CB7B2B2741A2B875147DA495D279"><enum>(A)</enum><text>is not less than $5,000 and is not a multiple of $500, such amount shall be rounded to the next
lowest multiple of $500, and</text></subparagraph><subparagraph id="id416DD807B1624A668870B85607F4BF26"><enum>(B)</enum><text>is not described in clause (i) and is not a multiple of $5, such amount shall be rounded to the
next lowest multiple of $5.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id8F33450E1D8A497CB003B3378145F320"><enum>(d)</enum><header>Failure to file partnership return</header><text>Section 6698 is amended by adding at the end the following new
subsection:</text><quoted-block display-inline="no-display-inline" id="idAE60638031024CCEBE84D7C436548E62" style="OLC"><subsection id="id839BA1B7E06D4A69ABAB14DC4663EF85"><enum>(e)</enum><header>Adjustment for inflation</header><paragraph id="idB196A6EFD1FD4FBD8DB8862AADA1A11E"><enum>(1)</enum><header>In general</header><text>In the case of any return required to be filed in a calendar year beginning after 2014, the $195
dollar amount under subsection (b)(1) shall be increased by such dollar
amount multiplied by the cost-of-living adjustment determined under
section 1(f)(3) determined by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text></paragraph><paragraph id="idEBA374416E554AA0B340ECC8B745C275"><enum>(2)</enum><header>Rounding</header><text>If any amount adjusted under paragraph (1) is not a multiple of $5, such amount shall be rounded to
the next lowest multiple of $5.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id3C284B7D38D04B2E86343F99F0814AB2"><enum>(e)</enum><header>Failure to file S corporation return</header><text>Section 6699 is amended by adding at the end the following new
subsection:</text><quoted-block display-inline="no-display-inline" id="idECEAC3F469D34494AF0D143706984AF6" style="OLC"><subsection id="idEF2DFD6A232F4E4CB74E5ED512B59219"><enum>(e)</enum><header>Adjustment for inflation</header><paragraph id="idCA1D17B907EB4BE98ED17A1DB30047A3"><enum>(1)</enum><header>In general</header><text>In the case of any return required to be filed in a calendar year beginning after 2014, the $195
dollar amount under subsection (b)(1) shall be increased by such dollar
amount multiplied by the cost-of-living adjustment determined under
section 1(f)(3) determined by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text></paragraph><paragraph id="id8DC9CCBA39A242A7BBF1EF19735FBEE1"><enum>(2)</enum><header>Rounding</header><text>If any amount adjusted under paragraph (1) is not a multiple of $5, such amount shall be rounded to
the next lowest multiple of $5.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idD146A9EBDB0B4AEF9CD50E0756E2A36D"><enum>(f)</enum><header>Failure to file correct information returns</header><text>Paragraph (1) of section 6721(f) is amended by striking <quote>For each fifth calendar year beginning after 2012</quote> and inserting <quote>In the case of any failure relating to a return required to be filed in a calendar year beginning
after 2014</quote>.</text></subsection><subsection id="id7BCB4EB758F1486AB7911A76CDFE3C6B"><enum>(g)</enum><header>Failure to furnish correct payee statements</header><text>Paragraph (1) of section 6722(f) is amended by striking <quote>For each fifth calendar year beginning after 2012</quote> and inserting <quote>In the case of any failure relating to a statement required to be furnished in a calendar year
beginning after 2014</quote>.</text></subsection><subsection id="id4F2DBF8EAD2B480290A497A33522CA57"><enum>(h)</enum><header>Effective date</header><text>The amendments made by this section shall apply to returns required to be filed after December 31,
2014.</text></subsection></section><enum>IV</enum><header>Budgetary effects</header><section id="idf412f4b2df464d54b5090d07e79d2b44"><enum>401.</enum><header>Budgetary effects</header><subsection commented="no" id="ida0fb095e79f44982a471215a691d1e66"><enum>(a)</enum><header>Paygo scorecard</header><text>The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained
pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.</text></subsection><subsection commented="no" id="idfd0d617fc3d545b2bd2578766d8f9616"><enum>(b)</enum><header>Senate paygo scorecard</header><text>The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for
purposes of section 201 of S. Con. Res. 21 (110th Congress).</text></subsection></section>
April 28, 2014Read twice and placed on the calendar