Public Law 113–295: To amend the Internal Revenue Code of 1986 to extend certain expiring provisions and make technical corrections, to amend the Internal Revenue Code of 1986 to provide for the tax treatment of ABLE accounts established under State programs for the care of family members with disabilities, and for other purposes. Public Law295 Public Law 113–295128 Stat. 4010 2014-12-19 2014-12-19 United States Government Publishing OfficeNational Archives and Records AdministrationOffice of the Federal Registertext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. GPO Locator to USLM Converter 4.15.31;Stage2.202507022026-01-03 113public ?4009PUBLIC LAW 113–295—DEC. 19, 2014 TAX INCREASE PREVENTION AMENDMENTS 128 STAT. 4010 Public Law113–295 113th Congress
An Act To amend the Internal Revenue Code of 1986 to extend certain expiring provisions and make technical corrections, to amend the Internal Revenue Code of 1986 to provide for the tax treatment of ABLE accounts established under State programs for the care of family members with disabilities, and for other purposes.

Dec. 19, 2014

[H.R. 5771]

   Be it enacted by the Senate and House of Representa­tives of the United States of America in Congress assembled, DIVISION A—

Tax Increase Prevention Act

of 2014.

TAX INCREASE PREVENTION ACT OF 2014
SECTION 1. SHORT TITLE, ETC.(a)

26 USC 1 note.

Short Title.—This division may be cited as the “Tax Increase Prevention Act of 2014”. (b) Amendment of 1986 Code.—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) Table of Contents.—The table of contents for this Act is as follows: DIVISION A— Sec. 1.  TITLE I— Subtitle A— Sec. 101.  Sec. 102.  Sec. 103.  Sec. 104.  Sec. 105.  Sec. 106.  Sec. 107.  Sec. 108.  Subtitle B— Sec. 111.  Sec. 112.  Sec. 113.  Sec. 114.  Sec. 115.  Sec. 116.  Sec. 117.  Sec. 118.  Sec. 119.  Sec. 120.  Sec. 121.  Sec. 122.  Sec. 123.  Sec. 124.  Sec. 125.  Sec. 126.  Sec. 127.  Sec. 128.  Sec. 129.  Sec. 130.  Sec. 131.  Sec. 132.  Sec. 133.  Sec. 134.  Sec. 135.  Sec. 136.  Sec. 137.  Sec. 138.  Sec. 139.  Sec. 140.  Sec. 141.  Subtitle C— Sec. 151.  Sec. 152.  Sec. 153.  Sec. 154.  Sec. 155.  Sec. 156.  Sec. 157.  Sec. 158.  Sec. 159.  Sec. 160.  Sec. 161.  Subtitle D— Sec. 171.  Sec. 172.  TITLE II— Sec. 201.  Sec. 202.  Sec. 203.  Sec. 204.  Sec. 205.  Sec. 206.  Sec. 207.  Sec. 208.  Sec. 209.  Sec. 210.  Sec. 211.  Sec. 212.  Sec. 213.  Sec. 214.  Sec. 215.  Sec. 216.  Sec. 217.  Sec. 218.  Sec. 219.  Sec. 220.  Sec. 221.  TITLE III— Sec. 301.  TITLE IV— Sec. 401.  DIVISION B— Sec. 1.  TITLE I— Sec. 101.  Sec. 102.  Sec. 103.  Sec. 104.  Sec. 105.  TITLE II— Sec. 201.  Sec. 202.  Sec. 203.  Sec. 204.  Sec. 205.  Sec. 206.  Sec. 207.  Sec. 208.  Sec. 209. 
<num value="I">TITLE I—</num><heading>CERTAIN EXPIRING PROVISIONS</heading> <subtitle id="d270244e674" identifier="/us/pl/113/295/dA/tI/stA" style="-uslm-lc:I658178"><num value="A">Subtitle A—</num><heading>Individual Tax Extenders</heading> <section id="d270244e679" identifier="/us/pl/113/295/dA/tI/stA/s101" style="-uslm-lc:I658143"><num class="fontsize12" value="101">SEC. 101. </num><heading>EXTENSION OF DEDUCTION FOR CERTAIN EXPENSES OF ELEMENTARY AND SECONDARY SCHOOL TEACHERS.</heading><subsection class="firstIndent0 fontsize10" id="yefedc05d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s101/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (D) of section 62(a)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefedc05e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s62">26 USC 62</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>or 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2013, or 2014</quotedText>”.<page identifier="/us/stat/128/4013">128 STAT. 4013</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yefedc05f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s101/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefedc060-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s62">26 USC 62 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e725" identifier="/us/pl/113/295/dA/tI/stA/s102" style="-uslm-lc:I658143"><num class="fontsize12" value="102">SEC. 102. </num><heading>EXTENSION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS.</heading><subsection class="firstIndent0 fontsize10" id="yefedc061-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s102/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (E) of section 108(a)(1)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefedc062-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s108">26 USC 108</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefedc063-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s102/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefedc064-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s108">26 USC 108 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to indebtedness discharged after December 31, 2013.</content></subsection> </section> <section id="d270244e769" identifier="/us/pl/113/295/dA/tI/stA/s103" style="-uslm-lc:I658143"><num class="fontsize12" value="103">SEC. 103. </num><heading>EXTENSION OF PARITY FOR EMPLOYER-PROVIDED MASS TRANSIT AND PARKING BENEFITS.</heading><subsection class="firstIndent0 fontsize10" id="yefede775-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s103/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (2) of section 132(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefede776-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s103/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefede777-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s132">26 USC 132 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to months after December 31, 2013.</content></subsection> </section> <section id="d270244e807" identifier="/us/pl/113/295/dA/tI/stA/s104" style="-uslm-lc:I658143"><num class="fontsize12" value="104">SEC. 104. </num><heading>EXTENSION OF MORTGAGE INSURANCE PREMIUMS TREATED AS QUALIFIED RESIDENCE INTEREST.</heading><subsection class="firstIndent0 fontsize10" id="yefee0e88-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s104/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subclause (I) of section 163(h)(3)(E)(iv) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefee0e89-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s104/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefee0e8a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s163">26 USC 163 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to amounts paid or accrued after December 31, 2013.</content></subsection> </section> <section id="d270244e846" identifier="/us/pl/113/295/dA/tI/stA/s105" style="-uslm-lc:I658143"><num class="fontsize12" value="105">SEC. 105. </num><heading>EXTENSION OF DEDUCTION OF STATE AND LOCAL GENERAL SALES TAXES.</heading><subsection class="firstIndent0 fontsize10" id="yefee0e8b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s105/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (I) of section 164(b)(5) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefee0e8c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s105/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefee0e8d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s164">26 USC 164 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e884" identifier="/us/pl/113/295/dA/tI/stA/s106" style="-uslm-lc:I658143"><num class="fontsize12" value="106">SEC. 106. </num><heading>EXTENSION OF SPECIAL RULE FOR CONTRIBUTIONS OF CAPITAL GAIN REAL PROPERTY MADE FOR CONSERVATION PURPOSES.</heading><subsection class="firstIndent0 fontsize10" id="yefee359e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s106/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clause (vi) of section 170(b)(1)(E) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefee359f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s106/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Contributions by Certain Corporate Farmers and Ranchers</inline>.—</heading><content>Clause (iii) of section 170(b)(2)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefee35a0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s106/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefee35a1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s170">26 USC 170 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e941" identifier="/us/pl/113/295/dA/tI/stA/s107" style="-uslm-lc:I658143"><num class="fontsize12" value="107">SEC. 107. </num><heading>EXTENSION OF ABOVE-THE-LINE DEDUCTION FOR QUALIFIED TUITION AND RELATED EXPENSES.</heading><subsection class="firstIndent0 fontsize10" id="yefee5cb2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s107/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (e) of section 222 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefee5cb3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s107/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefee5cb4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s222">26 USC 222 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e979" identifier="/us/pl/113/295/dA/tI/stA/s108" style="-uslm-lc:I658143"><num class="fontsize12" value="108">SEC. 108. </num><heading>EXTENSION OF TAX-FREE DISTRIBUTIONS FROM INDIVIDUAL RETIREMENT PLANS FOR CHARITABLE PURPOSES.</heading><subsection class="firstIndent0 fontsize10" id="yefee83c5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s108/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (F) of section 408(d)(8) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.<page identifier="/us/stat/128/4014">128 STAT. 4014</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yefee83c6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stA/s108/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefee83c7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s408">26 USC 408 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2013.</content></subsection> </section> </subtitle> <subtitle id="d270244e1020" identifier="/us/pl/113/295/dA/tI/stB" style="-uslm-lc:I658178"><num value="B">Subtitle B—</num><heading>Business Tax Extenders</heading> <section id="d270244e1025" identifier="/us/pl/113/295/dA/tI/stB/s111" style="-uslm-lc:I658143"><num class="fontsize12" value="111">SEC. 111. </num><heading>EXTENSION OF RESEARCH CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yefeeaad8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s111/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (1) of section 41(h)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefeeaad9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s41">26 USC 41</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>paid or incurred</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>paid or incurred after December 31, 2014.</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeeaada-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s111/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Conforming Amendment</inline>.—</heading><content>Subparagraph (D) of section 45C(b)(1) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="indentUp2 fontsize10" id="yefeeaadb-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><heading class="fontsize10"><inline class="smallCaps">Special rule</inline>.—</heading><content>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.”</content></subparagraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeeaadc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s111/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefeeaadd-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s41">26 USC 41 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to amounts paid or incurred after December 31, 2013.</content></subsection> </section> <section id="d270244e1093" identifier="/us/pl/113/295/dA/tI/stB/s112" style="-uslm-lc:I658143"><num class="fontsize12" value="112">SEC. 112. </num><heading>EXTENSION OF TEMPORARY MINIMUM LOW-INCOME HOUSING TAX CREDIT RATE FOR NON-FEDERALLY SUBSIDIZED BUILDINGS.</heading><subsection class="firstIndent0 fontsize10" id="yefeeaade-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s112/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (A) of section 42(b)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeeaadf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s112/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefeeaae0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s42">26 USC 42 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall take effect on January 1, 2014.</content></subsection> </section> <section id="d270244e1131" identifier="/us/pl/113/295/dA/tI/stB/s113" style="-uslm-lc:I658143"><num class="fontsize12" value="113">SEC. 113. </num><heading>EXTENSION OF MILITARY HOUSING ALLOWANCE EXCLUSION FOR DETERMINING WHETHER A TENANT IN CERTAIN COUNTIES IS LOW-INCOME.</heading><subsection class="firstIndent0 fontsize10" id="yefeed1f1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s113/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (b) of section 3005 of the Housing Assistance Tax Act of 2008<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefeed1f2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s142">26 USC 142 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeed1f3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s113/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefeed1f4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s142">26 USC 142 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall take effect as if included in the enactment of section 3005 of the Housing Assistance Tax Act of 2008.</content></subsection> </section> <section id="d270244e1175" identifier="/us/pl/113/295/dA/tI/stB/s114" style="-uslm-lc:I658143"><num class="fontsize12" value="114">SEC. 114. </num><heading>EXTENSION OF INDIAN EMPLOYMENT TAX CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yefeef905-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s114/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (f) of section 45A <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeef906-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s114/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e1209" identifier="/us/pl/113/295/dA/tI/stB/s115" style="-uslm-lc:I658143"><num class="fontsize12" value="115">SEC. 115. </num><heading>EXTENSION OF NEW MARKETS TAX CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yefeef907-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s115/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (G) of section 45D(f)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>and 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2013, and 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeef908-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s115/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Carryover of Unused Limitation</inline>.—</heading><content>Paragraph (3) of section 45D(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>2018</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2019</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefeef909-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s115/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef201a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45D">26 USC 45D note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to calendar years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e1266" identifier="/us/pl/113/295/dA/tI/stB/s116" style="-uslm-lc:I658143"><num class="fontsize12" value="116">SEC. 116. </num><heading>EXTENSION OF RAILROAD TRACK MAINTENANCE CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yefef201b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s116/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (f) of section 45G <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefef201c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s116/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef201d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45G">26 USC 45G note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2013.<page identifier="/us/stat/128/4015">128 STAT. 4015</page></content></subsection> </section> <section id="d270244e1307" identifier="/us/pl/113/295/dA/tI/stB/s117" style="-uslm-lc:I658143"><num class="fontsize12" value="117">SEC. 117. </num><heading>EXTENSION OF MINE RESCUE TEAM TRAINING CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yefef472e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s117/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (e) of section 45N<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef472f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45N">26 USC 45N</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefef4730-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s117/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef4731-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45N">26 USC 45N note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e1351" identifier="/us/pl/113/295/dA/tI/stB/s118" style="-uslm-lc:I658143"><num class="fontsize12" value="118">SEC. 118. </num><heading>EXTENSION OF EMPLOYER WAGE CREDIT FOR EMPLOYEES WHO ARE ACTIVE DUTY MEMBERS OF THE UNIFORMED SERVICES.</heading><subsection class="firstIndent0 fontsize10" id="yefef4732-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s118/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (f) of section 45P <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefef4733-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s118/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef4734-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45P">26 USC 45P</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to payments made after December 31, 2013.</content></subsection> </section> <section id="d270244e1389" identifier="/us/pl/113/295/dA/tI/stB/s119" style="-uslm-lc:I658143"><num class="fontsize12" value="119">SEC. 119. </num><heading>EXTENSION OF WORK OPPORTUNITY TAX CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yefef6e45-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s119/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (4) of section 51(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>for the employer</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>for the employer after December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefef6e46-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s119/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef6e47-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s51">26 USC 51 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to individuals who begin work for the employer after December 31, 2013.</content></subsection> </section> <section id="d270244e1427" identifier="/us/pl/113/295/dA/tI/stB/s120" style="-uslm-lc:I658143"><num class="fontsize12" value="120">SEC. 120. </num><heading>EXTENSION OF QUALIFIED ZONE ACADEMY BONDS.</heading><subsection class="firstIndent0 fontsize10" id="yefef9558-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s120/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Extension</inline>.—</heading><content>Paragraph (1) of section 54E(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>and 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2013, and 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefef9559-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s120/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefef955a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s54E">26 USC 54E note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to obligations issued after December 31, 2013.</content></subsection> </section> <section id="d270244e1466" identifier="/us/pl/113/295/dA/tI/stB/s121" style="-uslm-lc:I658143"><num class="fontsize12" value="121">SEC. 121. </num><heading>EXTENSION OF CLASSIFICATION OF CERTAIN RACE HORSES AS 3-YEAR PROPERTY.</heading><subsection class="firstIndent0 fontsize10" id="yefefbc6b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s121/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Clause (i) of section 168(e)(3)(A) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yefefbc6c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s121/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” in subclause (I) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yefefbc6d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s121/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” in subclause (II) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yefefbc6e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s121/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefefbc6f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e1522" identifier="/us/pl/113/295/dA/tI/stB/s122" style="-uslm-lc:I658143"><num class="fontsize12" value="122">SEC. 122. </num><heading>EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL IMPROVEMENTS.</heading><subsection class="firstIndent0 fontsize10" id="yefefbc70-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s122/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clauses (iv), (v), and (ix) of section 168(e)(3)(E) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefefbc71-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s122/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefefbc72-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e1557" identifier="/us/pl/113/295/dA/tI/stB/s123" style="-uslm-lc:I658143"><num class="fontsize12" value="123">SEC. 123. </num><heading>EXTENSION OF 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES.</heading><subsection class="firstIndent0 fontsize10" id="yefefe383-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s123/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (D) of section 168(i)(15) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefefe384-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s123/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefefe385-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.<page identifier="/us/stat/128/4016">128 STAT. 4016</page></content></subsection> </section> <section id="d270244e1598" identifier="/us/pl/113/295/dA/tI/stB/s124" style="-uslm-lc:I658143"><num class="fontsize12" value="124">SEC. 124. </num><heading>EXTENSION OF ACCELERATED DEPRECIATION FOR BUSINESS PROPERTY ON AN INDIAN RESERVATION.</heading><subsection class="firstIndent0 fontsize10" id="yefefe386-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s124/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (8) of section 168(j)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff00a97-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff00a98-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s124/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff00a99-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e1642" identifier="/us/pl/113/295/dA/tI/stB/s125" style="-uslm-lc:I658143"><num class="fontsize12" value="125">SEC. 125. </num><heading>EXTENSION OF BONUS DEPRECIATION.</heading><subsection class="firstIndent0 fontsize10" id="yeff07fca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Paragraph (2) of section 168(k) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff07fcb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2015</quotedText>” in subparagraph (A)(iv) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2016</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff07fcc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff07fcd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Special Rule for Federal Long-Term Contracts</inline>.—</heading><content>Clause (ii) of section 460(c)(6)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014 (January 1, 2015</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015 (January 1, 2016</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff07fce-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Extension of Election To Accelerate the AMT Credit in Lieu of Bonus Depreciation</inline>.—</heading><paragraph class="fontsize10" id="yeff07fcf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Subclause (II) of section 168(k)(4)(D)(iii) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff07fd0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Round 4 extension property</inline>.—</heading><content>Paragraph (4) of section 168(k) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subparagraph:<quotedContent><subparagraph class="fontsize10" id="yeff0a6e1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="K">“(K) </num><heading class="fontsize10"><inline class="smallCaps">Special rules for round 4 extension property</inline>.—</heading><clause class="fontsize10" id="yeff0cdf2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>In the case of round 4 extension property, in applying this paragraph to any taxpayer—</chapeau><subclause class="fontsize10" id="yeff0cdf3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">“(I) </num><content>the limitation described in subparagraph (B)(i) and the business credit increase amount under subparagraph (E)(iii) thereof shall not apply, and</content></subclause> <subclause class="fontsize10" id="yeff0cdf4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">“(II) </num><content>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.</content></subclause> </clause> <clause class="fontsize10" id="yeff0cdf5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><heading class="fontsize10"><inline class="smallCaps">Election</inline>.—</heading><subclause class="fontsize10" id="yeff0cdf6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">“(I) </num><content>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.</content></subclause> <subclause class="fontsize10" id="yeff0cdf7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">“(II) </num><content>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.</content></subclause> </clause> <clause class="fontsize10" id="yeff0cdf8-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">“(iii) </num><heading class="fontsize10"><inline class="smallCaps">Round 4 extension property</inline>.—</heading><content>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 125(a) of the Tax Increase Prevention Act of 2014 (and the application <page identifier="/us/stat/128/4017">128 STAT. 4017</page> of such extension to this paragraph pursuant to the amendment made by section 125(c) of such Act).”</content></clause> </subparagraph> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff0cdf9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Conforming Amendments</inline>.—</heading><paragraph class="fontsize10" id="yeff0cdfa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/d/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>The heading for subsection (k) of section 168<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff0cdfb-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">January 1, 2014</headingText></quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">January 1, 2015</headingText></quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff0cdfc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/d/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>The heading for clause (ii) of section 168(k)(2)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">pre-january 1, 2014</headingText></quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">pre-january 1, 2015</headingText></quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff0cdfd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/d/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Subparagraph (C) of section 168(n)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff0cdfe-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/d/4" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><content>Subparagraph (D) of section 1400L(b)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff0cdff-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/d/5" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">(5) </num><content>Subparagraph (B) of section 1400N(d)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff0ce00-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s125/e" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff0ce01-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to property placed in service after December 31, 2013, in taxable years ending after such date.</content></subsection> </section> <section id="d270244e1922" identifier="/us/pl/113/295/dA/tI/stB/s126" style="-uslm-lc:I658143"><num class="fontsize12" value="126">SEC. 126. </num><heading>EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF FOOD INVENTORY.</heading><subsection class="firstIndent0 fontsize10" id="yeff0ce02-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s126/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clause (iv) of section 170(e)(3)(C) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff0ce03-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s126/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff0ce04-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s170">26 USC 170 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to contributions made after December 31, 2013.</content></subsection> </section> <section id="d270244e1961" identifier="/us/pl/113/295/dA/tI/stB/s127" style="-uslm-lc:I658143"><num class="fontsize12" value="127">SEC. 127. </num><heading>EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY.</heading><subsection class="firstIndent0 fontsize10" id="yeff16a45-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><paragraph class="fontsize10" id="yeff16a46-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">Dollar limitation</inline>.—</heading><chapeau>Section 179(b)(1) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeff16a47-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a/1/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning in 2010, 2011, 2012, or 2013</quotedText>” in subparagraph (B) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>beginning after 2009 and before 2015</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff16a48-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a/1/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>2013</quotedText>” in subparagraph (C) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2014</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeff16a49-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Reduction in limitation</inline>.—</heading><chapeau>Section 179(b)(2) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeff16a4a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning in 2010, 2011, 2012, or 2013</quotedText>” in subparagraph (B) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>beginning after 2009 and before 2015</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff16a4b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/a/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>2013</quotedText>” in subparagraph (C) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2014</quotedText>”.</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff16a4c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Computer Software</inline>.—</heading><content>Section 179(d)(1)(A)(ii) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff16a4d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Election</inline>.—</heading><content>Section 179(c)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff16a4e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Special Rules for Treatment of Qualified Real Property</inline>.—</heading><paragraph class="fontsize10" id="yeff16a4f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/d/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Section 179(f)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning in 2010, 2011, 2012, or 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>beginning after 2009 and before 2015</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff16a50-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/d/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Carryover limitation</inline>.—</heading><subparagraph class="fontsize10" id="yeff16a51-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/d/2/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Section 179(f)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>2013</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2014</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yeff16a52-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/d/2/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><heading class="fontsize10"><inline class="smallCaps">Conforming amendment</inline>.—</heading><content>The heading of subparagraph (C) of section 179(f)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">2011 and 2012</headingText></quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">2011, 2012, and 2013</headingText></quotedText>”.<page identifier="/us/stat/128/4018">128 STAT. 4018</page></content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff16a53-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s127/e" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff16a54-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s179">26 USC 179 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e2182" identifier="/us/pl/113/295/dA/tI/stB/s128" style="-uslm-lc:I658143"><num class="fontsize12" value="128">SEC. 128. </num><heading>EXTENSION OF ELECTION TO EXPENSE MINE SAFETY EQUIPMENT.</heading><subsection class="firstIndent0 fontsize10" id="yeff19165-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s128/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (g) of section 179E<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff19166-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s179E">26 USC 179E</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff19167-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s128/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff19168-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s179E">26 USC 179E note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e2226" identifier="/us/pl/113/295/dA/tI/stB/s129" style="-uslm-lc:I658143"><num class="fontsize12" value="129">SEC. 129. </num><heading>EXTENSION OF SPECIAL EXPENSING RULES FOR CERTAIN FILM AND TELEVISION PRODUCTIONS.</heading><subsection class="firstIndent0 fontsize10" id="yeff19169-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s129/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (f) of section 181 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff1916a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s129/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff1916b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s181">26 USC 181 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Dates</inline>.—</heading><content>The amendment made by this section shall apply to productions commencing after December 31, 2013.</content></subsection> </section> <section id="d270244e2264" identifier="/us/pl/113/295/dA/tI/stB/s130" style="-uslm-lc:I658143"><num class="fontsize12" value="130">SEC. 130. </num><heading>EXTENSION OF DEDUCTION ALLOWABLE WITH RESPECT TO INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO.</heading><subsection class="firstIndent0 fontsize10" id="yeff1b87c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s130/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Subparagraph (C) of section 199(d)(8) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff1b87d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s130/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>first 8 taxable years</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>first 9 taxable years</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff1b87e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s130/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff1b87f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s130/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff1b880-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s199">26 USC 199 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e2320" identifier="/us/pl/113/295/dA/tI/stB/s131" style="-uslm-lc:I658143"><num class="fontsize12" value="131">SEC. 131. </num><heading>EXTENSION OF MODIFICATION OF TAX TREATMENT OF CERTAIN PAYMENTS TO CONTROLLING EXEMPT ORGANIZATIONS.</heading><subsection class="firstIndent0 fontsize10" id="yeff1df91-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s131/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clause (iv) of section 512(b)(13)(E) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff1df92-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s131/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff1df93-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s512">26 USC 512 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to payments received or accrued after December 31, 2013.</content></subsection> </section> <section id="d270244e2358" identifier="/us/pl/113/295/dA/tI/stB/s132" style="-uslm-lc:I658143"><num class="fontsize12" value="132">SEC. 132. </num><heading>EXTENSION OF TREATMENT OF CERTAIN DIVIDENDS OF REGULATED INVESTMENT COMPANIES.</heading><subsection class="firstIndent0 fontsize10" id="yeff206a4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s132/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraphs (1)(C)(v) and (2)(C)(v) of section 871(k) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff206a5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s132/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff206a6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s871">26 USC 871 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e2394" identifier="/us/pl/113/295/dA/tI/stB/s133" style="-uslm-lc:I658143"><num class="fontsize12" value="133">SEC. 133. </num><heading>EXTENSION OF RIC QUALIFIED INVESTMENT ENTITY TREATMENT UNDER FIRPTA.</heading><subsection class="firstIndent0 fontsize10" id="yeff22db7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s133/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clause (ii) of section 897(h)(4)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff22db8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s133/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff22db9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s897">26 USC 897 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><paragraph class="fontsize10" id="yeff22dba-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s133/b/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>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.<page identifier="/us/stat/128/4019">128 STAT. 4019</page></content></paragraph> <paragraph class="fontsize10" id="yeff22dbb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s133/b/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Amounts withheld on or before date of enactment</inline>.—</heading><chapeau>In the case of a regulated investment company—</chapeau><subparagraph class="fontsize10" id="yeff22dbc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s133/b/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>which makes a distribution after December 31, 2013, and before the date of the enactment of this Act, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff22dbd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s133/b/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>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,</content></subparagraph> <continuation class="firstIndent1 fontsize10" id="xeff22dbe-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122">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></paragraph> </subsection> </section> <section id="d270244e2464" identifier="/us/pl/113/295/dA/tI/stB/s134" style="-uslm-lc:I658143"><num class="fontsize12" value="134">SEC. 134. </num><heading>EXTENSION OF SUBPART F EXCEPTION FOR ACTIVE FINANCING INCOME.</heading><subsection class="firstIndent0 fontsize10" id="yeff27bdf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s134/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Exempt Insurance Income</inline>.—</heading><chapeau>Paragraph (10) of section 953(e)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff27be0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s953">26 USC 953</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff27be1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s134/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff27be2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s134/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff27be3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s134/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Special Rule for Income Derived in the Active Conduct of Banking, Financing, or Similar Businesses</inline>.—</heading><content>Paragraph (9) of section 954(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff27be4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s134/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff27be5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s953">26 USC 953 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>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.</content></subsection> </section> <section id="d270244e2545" identifier="/us/pl/113/295/dA/tI/stB/s135" style="-uslm-lc:I658143"><num class="fontsize12" value="135">SEC. 135. </num><heading>EXTENSION OF LOOK-THRU TREATMENT OF PAYMENTS BETWEEN RELATED CONTROLLED FOREIGN CORPORATIONS UNDER FOREIGN PERSONAL HOLDING COMPANY RULES.</heading><subsection class="firstIndent0 fontsize10" id="yeff27be6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s135/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (C) of section 954(c)(6) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff27be7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s135/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff27be8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s954">26 USC 954 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>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.</content></subsection> </section> <section id="d270244e2583" identifier="/us/pl/113/295/dA/tI/stB/s136" style="-uslm-lc:I658143"><num class="fontsize12" value="136">SEC. 136. </num><heading>EXTENSION OF TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CERTAIN SMALL BUSINESS STOCK.</heading><subsection class="firstIndent0 fontsize10" id="yeff2a2f9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s136/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Paragraph (4) of section 1202(a) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff2ca0a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s136/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff2ca0b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s136/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">and 2013</headingText></quotedText>” in the heading and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">2013, and 2014</headingText></quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff2ca0c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s136/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff2ca0d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1202">26 USC 1202 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to stock acquired after December 31, 2013.</content></subsection> </section> <section id="d270244e2645" identifier="/us/pl/113/295/dA/tI/stB/s137" style="-uslm-lc:I658143"><num class="fontsize12" value="137">SEC. 137. </num><heading>EXTENSION OF BASIS ADJUSTMENT TO STOCK OF S CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF PROPERTY.</heading><subsection class="firstIndent0 fontsize10" id="yeff2ca0e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s137/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (2) of section 1367(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.<page identifier="/us/stat/128/4020">128 STAT. 4020</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff2ca0f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s137/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff2ca10-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1367">26 USC 1367 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e2685" identifier="/us/pl/113/295/dA/tI/stB/s138" style="-uslm-lc:I658143"><num class="fontsize12" value="138">SEC. 138. </num><heading>EXTENSION OF REDUCTION IN S-CORPORATION RECOGNITION PERIOD FOR BUILT-IN GAINS TAX.</heading><subsection class="firstIndent0 fontsize10" id="yeff2f121-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s138/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Subparagraph (C) of section 1374(d)(7)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff2f122-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1374">26 USC 1374</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff2f123-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s138/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>2012 or 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2012, 2013, or 2014</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff2f124-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s138/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">2012 and 2013</headingText></quotedText>” in the heading and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">2012, 2013, and 2014</headingText></quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff2f125-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s138/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff2f126-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1367">26 USC 1367 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.</content></subsection> </section> <section id="d270244e2754" identifier="/us/pl/113/295/dA/tI/stB/s139" style="-uslm-lc:I658143"><num class="fontsize12" value="139">SEC. 139. </num><heading>EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES.</heading><subsection class="firstIndent0 fontsize10" id="yeff31837-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s139/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clause (i) of section 1391(d)(1)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff31838-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s139/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff31839-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1391">26 USC 1391 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Treatment of Certain Termination Dates Specified in Nominations</inline>.—</heading><content>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 section 1391(d)(1) 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.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff3183a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s139/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff3183b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1391">26 USC 1391 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Dates</inline>.—</heading><content>The amendment made by this section shall apply to periods after December 31, 2013.</content></subsection> </section> <section id="d270244e2806" identifier="/us/pl/113/295/dA/tI/stB/s140" style="-uslm-lc:I658143"><num class="fontsize12" value="140">SEC. 140. </num><heading>EXTENSION OF TEMPORARY INCREASE IN LIMIT ON COVER OVER OF RUM EXCISE TAXES TO PUERTO RICO AND THE VIRGIN ISLANDS.</heading><subsection class="firstIndent0 fontsize10" id="yeff33f4c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s140/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (1) of section 7652(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff33f4d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s140/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff33f4e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s7652">26 USC 7652 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to distilled spirits brought into the United States after December 31, 2013.</content></subsection> </section> <section id="d270244e2844" identifier="/us/pl/113/295/dA/tI/stB/s141" style="-uslm-lc:I658143"><num class="fontsize12" value="141">SEC. 141. </num><heading>EXTENSION OF AMERICAN SAMOA ECONOMIC DEVELOPMENT CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yeff3665f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s141/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Subsection (d) of section 119 of division A of the Tax Relief and Health Care Act of 2006<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff36660-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s30A">26 USC 30A note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff36661-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s141/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”,</content></paragraph> <paragraph class="fontsize10" id="yeff36662-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s141/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>first 8 taxable years</quotedText>” in paragraph (1) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>first 9 taxable years</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff36663-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s141/a/3" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>first 2 taxable years</quotedText>” in paragraph (2) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>first 3 taxable years</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff36664-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stB/s141/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff36665-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s30A">26 USC 30A note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2013.<page identifier="/us/stat/128/4021">128 STAT. 4021</page></content></subsection> </section> </subtitle> <subtitle id="d270244e2922" identifier="/us/pl/113/295/dA/tI/stC" style="-uslm-lc:I658178"><num value="C">Subtitle C—</num><heading>Energy Tax Extenders</heading> <section id="d270244e2927" identifier="/us/pl/113/295/dA/tI/stC/s151" style="-uslm-lc:I658143"><num class="fontsize12" value="151">SEC. 151. </num><heading>EXTENSION OF CREDIT FOR NONBUSINESS ENERGY PROPERTY.</heading><subsection class="firstIndent0 fontsize10" id="yeff38d76-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s151/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (2) of section 25C(g)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff38d77-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s25C">26 USC 25C</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff38d78-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s151/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff38d79-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s25C">26 USC 25C note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e2971" identifier="/us/pl/113/295/dA/tI/stC/s152" style="-uslm-lc:I658143"><num class="fontsize12" value="152">SEC. 152. </num><heading>EXTENSION OF SECOND GENERATION BIOFUEL PRODUCER CREDIT.</heading><subsection class="firstIndent0 fontsize10" id="yeff3b48a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s152/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Clause (i) of section 40(b)(6)(J) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff3b48b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s152/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff3b48c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s40">26 USC 40 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to qualified second generation biofuel production after December 31, 2013.</content></subsection> </section> <section id="d270244e3009" identifier="/us/pl/113/295/dA/tI/stC/s153" style="-uslm-lc:I658143"><num class="fontsize12" value="153">SEC. 153. </num><heading>EXTENSION OF INCENTIVES FOR BIODIESEL AND RENEWABLE DIESEL.</heading><subsection class="firstIndent0 fontsize10" id="yeff3b48d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s153/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Credits for Biodiesel and Renewable Diesel Used as Fuel</inline>.—</heading><content>Subsection (g) of section 40A <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff3b48e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s153/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff3b48f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s40A">26 USC 40A note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to fuel sold or used after December 31, 2013.</content></subsection> </section> <section id="d270244e3047" identifier="/us/pl/113/295/dA/tI/stC/s154" style="-uslm-lc:I658143"><num class="fontsize12" value="154">SEC. 154. </num><heading>EXTENSION OF PRODUCTION CREDIT FOR INDIAN COAL FACILITIES PLACED IN SERVICE BEFORE 2009.</heading><subsection class="firstIndent0 fontsize10" id="yeff3dba0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s154/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (A) of section 45(e)(10) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>8-year period</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>9-year period</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff3dba1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s154/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff3dba2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45">26 USC 45 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to coal produced after December 31, 2013.</content></subsection> </section> <section id="d270244e3086" identifier="/us/pl/113/295/dA/tI/stC/s155" style="-uslm-lc:I658143"><num class="fontsize12" value="155">SEC. 155. </num><heading>EXTENSION OF CREDITS WITH RESPECT TO FACILITIES PRODUCING ENERGY FROM CERTAIN RENEWABLE RESOURCES.</heading><subsection class="firstIndent0 fontsize10" id="yeff429c3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>The following provisions of section 45(d) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”:</chapeau><paragraph class="fontsize10" id="yeff429c4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Paragraph (1).</content></paragraph> <paragraph class="fontsize10" id="yeff429c5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Paragraph (2)(A).</content></paragraph> <paragraph class="fontsize10" id="yeff429c6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/3" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Paragraph (3)(A).</content></paragraph> <paragraph class="fontsize10" id="yeff429c7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/4" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><content>Paragraph (4)(B).</content></paragraph> <paragraph class="fontsize10" id="yeff429c8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/5" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">(5) </num><content>Paragraph (6).</content></paragraph> <paragraph class="fontsize10" id="yeff429c9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/6" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">(6) </num><content>Paragraph (7).</content></paragraph> <paragraph class="fontsize10" id="yeff429ca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/7" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">(7) </num><content>Paragraph (9).</content></paragraph> <paragraph class="fontsize10" id="yeff429cb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/a/8" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="8">(8) </num><content>Paragraph (11)(B).</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff429cc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Extension of Election to Treat Qualified Facilities as Energy Property</inline>.—</heading><content>Clause (ii) of section 48(a)(5)(C) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff429cd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s155/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff429ce-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s48">26 USC 48 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Dates</inline>.—</heading><content>The amendments made by this section shall take effect on January 1, 2014.</content></subsection> </section> <section id="d270244e3181" identifier="/us/pl/113/295/dA/tI/stC/s156" style="-uslm-lc:I658143"><num class="fontsize12" value="156">SEC. 156. </num><heading>EXTENSION OF CREDIT FOR ENERGY-EFFICIENT NEW HOMES.</heading><subsection class="firstIndent0 fontsize10" id="yeff450df-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s156/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (g) of section 45L <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.<page identifier="/us/stat/128/4022">128 STAT. 4022</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff450e0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s156/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff450e1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45L">26 USC 45L note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to homes acquired after December 31, 2013.</content></subsection> </section> <section id="d270244e3221" identifier="/us/pl/113/295/dA/tI/stC/s157" style="-uslm-lc:I658143"><num class="fontsize12" value="157">SEC. 157. </num><heading>EXTENSION OF SPECIAL ALLOWANCE FOR SECOND GENERATION BIOFUEL PLANT PROPERTY.</heading><subsection class="firstIndent0 fontsize10" id="yeff450e2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s157/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (D) of section 168(l)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff450e3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff450e4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s157/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff450e5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e3265" identifier="/us/pl/113/295/dA/tI/stC/s158" style="-uslm-lc:I658143"><num class="fontsize12" value="158">SEC. 158. </num><heading>EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION.</heading><subsection class="firstIndent0 fontsize10" id="yeff477f6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s158/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (h) of section 179D <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff477f7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s158/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff477f8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s179D">26 USC 179D note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> <section id="d270244e3303" identifier="/us/pl/113/295/dA/tI/stC/s159" style="-uslm-lc:I658143"><num class="fontsize12" value="159">SEC. 159. </num><heading>EXTENSION OF SPECIAL RULE FOR SALES OR DISPOSITIONS TO IMPLEMENT FERC OR STATE ELECTRIC RESTRUCTURING POLICY FOR QUALIFIED ELECTRIC UTILITIES.</heading><subsection class="firstIndent0 fontsize10" id="yeff49f09-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s159/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (3) of section 451(i) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff49f0a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s159/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff49f0b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s451">26 USC 451 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to dispositions after December 31, 2013.</content></subsection> </section> <section id="d270244e3341" identifier="/us/pl/113/295/dA/tI/stC/s160" style="-uslm-lc:I658143"><num class="fontsize12" value="160">SEC. 160. </num><heading>EXTENSION OF EXCISE TAX CREDITS RELATING TO CERTAIN FUELS.</heading><subsection class="firstIndent0 fontsize10" id="yeff53b4c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Excise Tax Credits and Outlay Payments for Biodiesel and Renewable Diesel Fuel Mixtures</inline>.—</heading><paragraph class="fontsize10" id="yeff53b4d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Paragraph (6) of section 6426(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff53b4e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/a/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Subparagraph (B) of section 6427(e)(6) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff53b4f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Extension of Alternative Fuels Excise Tax Credits</inline>.—</heading><paragraph class="fontsize10" id="yeff53b50-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/b/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Sections 6426(d)(5) and 6426(e)(3) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff53b51-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/b/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Outlay payments for alternative fuels</inline>.—</heading><content>Subparagraph (C) of section 6427(e)(6) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2013</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2014</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff53b52-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Extension of Alternative Fuels Excise Tax Credits Relating to Liquefied Hydrogen</inline>.—</heading><paragraph class="fontsize10" id="yeff53b53-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Sections 6426(d)(5) and 6426(e)(3), as amended by subsection (b), are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>(September 30, 2014 in the case of any sale or use involving liquefied hydrogen)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff53b54-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Outlay payments for alternative fuels</inline>.—</heading><chapeau>Paragraph (6) of section 6427(e) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeff53b55-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/c/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>except as provided in subparagraph (D), any</quotedText>” in subparagraph (C), as amended by this Act, and <amendingAction type="insert">inserting</amendingAction> “<quotedText>any</quotedText>”,</content></subparagraph> <subparagraph class="fontsize10" id="yeff53b56-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/c/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> the comma at the end of subparagraph (C) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff53b57-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/c/2/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraph (D) and <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (E) as subparagraph (D).</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff53b58-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff53b59-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6426">26 USC 6426 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Dates</inline>.—</heading><page identifier="/us/stat/128/4023">128 STAT. 4023</page> <paragraph class="fontsize10" id="yeff53b5a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/d/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Except as provided in paragraph (2), the amendments made by this section shall apply to fuel sold or used after December 31, 2013.</content></paragraph> <paragraph class="fontsize10" id="yeff53b5b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/d/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Liquefied hydrogen</inline>.—</heading><content>The amendments made by subsection (c) shall apply to fuel sold or used after September 30, 2014.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff53b5c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/e" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff53b5d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6426">26 USC 6426 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Special Rule for Certain Periods During 2014</inline>.—</heading><chapeau>Notwithstanding any other provision of law, in the case of—</chapeau><paragraph class="fontsize10" id="yeff53b5e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/e/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>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</content></paragraph> <paragraph class="fontsize10" id="yeff53b5f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s160/e/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff53b60-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Deadlines.</p><p class="leftAlign firstIndent0 fontsize8" id="xeff53b61-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Claims.</p></sidenote><content>any alternative fuel credit properly determined under section 6426(d) of such Code for such periods,</content></paragraph> <continuation class="fontsize10" id="xeff53b62-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120">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.<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff53b63-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Guidance.</p></sidenote> 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></subsection> </section> <section id="d270244e3567" identifier="/us/pl/113/295/dA/tI/stC/s161" style="-uslm-lc:I658143"><num class="fontsize12" value="161">SEC. 161. </num><heading>EXTENSION OF CREDIT FOR ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY.</heading><subsection class="firstIndent0 fontsize10" id="yeff56174-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s161/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsection (g) of section 30C<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff56175-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s30C">26 USC 30C</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>placed in service</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>placed in service after December 31, 2014.</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff56176-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stC/s161/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff56177-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s30C">26 USC 30C note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to property placed in service after December 31, 2013.</content></subsection> </section> </subtitle> <subtitle id="d270244e3612" identifier="/us/pl/113/295/dA/tI/stD" style="-uslm-lc:I658178"><num value="D">Subtitle D—</num><heading>Extenders Relating to Multiemployer Defined Benefit Pension Plans</heading> <section id="d270244e3617" identifier="/us/pl/113/295/dA/tI/stD/s171" style="-uslm-lc:I658143"><num class="fontsize12" value="171">SEC. 171. </num><heading>EXTENSION OF AUTOMATIC EXTENSION OF AMORTIZATION PERIODS.</heading><subsection class="firstIndent0 fontsize10" id="yeff58888-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stD/s171/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subparagraph (C) of section 431(d)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff58889-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stD/s171/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment to Employee Retirement Income Security Act of 1974</inline>.—</heading><content>Subparagraph (C) of section 304(d)(1) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1084/d/1/C">29 U.S.C. 1084(d)(1)(C)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff5888a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stD/s171/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff5888b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s431">26 USC 431 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>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) <page identifier="/us/stat/128/4024">128 STAT. 4024</page> of the Employee Retirement Income Security Act of 1974 after December 31, 2014.</content></subsection> </section> <section id="d270244e3681" identifier="/us/pl/113/295/dA/tI/stD/s172" style="-uslm-lc:I658143"><num class="fontsize12" value="172">SEC. 172. </num><heading>EXTENSION OF SHORTFALL FUNDING METHOD AND ENDANGERED AND CRITICAL RULES.</heading><subsection class="firstIndent0 fontsize10" id="yeff5af9c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stD/s172/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraphs (1) and (2) of section 221(c) of the Pension Protection Act of 2006<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff5af9d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s412">26 USC 412 note</ref>.</p></sidenote> are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2014</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2015</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff5af9e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stD/s172/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Conforming Amendment</inline>.—</heading><content>Paragraph (2) of section 221(c) of the Pension Protection Act of 2006 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 2015</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 2016</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff5af9f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tI/stD/s172/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff5afa0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s412">26 USC 412 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to plan years beginning after December 31, 2014.</content></subsection> </section> </subtitle> <num value="II">TITLE II—</num><heading><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff5afa1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Tax Technical Corrections Act of 2014.</p></sidenote>TECHNICAL CORRECTIONS</heading> <section id="d270244e3752" identifier="/us/pl/113/295/dA/tII/s201" style="-uslm-lc:I658143"><num class="fontsize12" value="201">SEC. 201. </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff5afa2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1">26 USC 1 note</ref>.</p></sidenote><heading>SHORT TITLE.</heading><content style="-uslm-lc:I658120">  This title may be cited as the “<shortTitle role="title">Tax Technical Corrections Act of 2014</shortTitle>”.</content></section> <section id="d270244e3767" identifier="/us/pl/113/295/dA/tII/s202" style="-uslm-lc:I658143"><num class="fontsize12" value="202">SEC. 202. </num><heading>AMENDMENTS RELATING TO AMERICAN TAXPAYER RELIEF ACT OF 2012.</heading><subsection class="firstIndent0 fontsize10" id="yeff624d3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>101(b).—</heading><content>Subclause (I) of section 642(b)(2)(C)(i)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff624d4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s642">26 USC 642</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 151(d)(3)(C)(iii)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 68(b)(1)(C)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff624d5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>102.—</heading><content>Clause (ii) of section 911(f)(2)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>described in section 1(h)(1)(B) shall be treated as a reference to such excess as determined</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>described in section 1(h)(1)(B), and the reference in section 55(b)(3)(C)(ii) to the excess described in section 1(h)(1)(C)(ii), shall each be treated as a reference to each such excess as determined</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff624d6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>104.—</heading><paragraph class="fontsize10" id="yeff624d7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Clause (ii) of section 55(d)(4)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>subparagraphs (A), (B), and (D) of</quotedText>” before “<quotedText>paragraph (1)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff624d8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Subparagraph (C) of section 55(d)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>increase</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>increased amount</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff624d9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/d" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>310.—</heading><chapeau>Clause (iii) of section 6431(f)(3)(A) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeff624da-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/d/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>2011</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>years after 2010</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeff624db-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/d/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>of such allocation</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>of any such allocation</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff624dc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/e" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>331.—</heading><content>Clause (iii) of section 168(k)(4)(J) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>any taxable year</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>its first taxable year</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff624dd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s202/f" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff624de-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s55">26 USC 55 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provision of the American Taxpayer Relief Act of 2012 to which they relate.</content></subsection> </section> <section id="d270244e3922" identifier="/us/pl/113/295/dA/tII/s203" style="-uslm-lc:I658143"><num class="fontsize12" value="203">SEC. 203. </num><heading>AMENDMENT RELATING TO MIDDLE CLASS TAX RELIEF AND JOB CREATION ACT OF 2012.</heading><subsection class="firstIndent0 fontsize10" id="yeff64bef-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s203/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>7001.—</heading><content>Paragraph (1) of section 7001 of the Middle Class Tax Relief and Job Creation Act of 2012<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff64bf0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6655">26 USC 6655 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>201(b)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>202(b)</quotedText>”.<page identifier="/us/stat/128/4025">128 STAT. 4025</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff64bf1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s203/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b)</num><heading class="fontsize10"><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff64bf2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6655">26 USC 6655 note</ref>.</p></sidenote><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by subsection (a) shall take effect as if included in section 7001 of the Middle Class Tax Relief and Job Creation Act of 2012.</content></subsection> </section> <section id="d270244e3968" identifier="/us/pl/113/295/dA/tII/s204" style="-uslm-lc:I658143"><num class="fontsize12" value="204">SEC. 204. </num><heading>AMENDMENT RELATING TO FAA MODERNIZATION AND REFORM ACT OF 2012.</heading><subsection class="firstIndent0 fontsize10" id="yeff67303-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s204/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1107.—</heading><content>Section 4281<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff67304-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4281">26 USC 4281</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><section class="indentUp2 firstIndent-2" id="yeff69a15-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658144"><num class="bold" value="4281">“SEC. 4281. </num><heading class="bold">SMALL AIRCRAFT ON NONESTABLISHED LINES.</heading><subsection class="indentDown2 firstIndent0 fontsize10" id="yeff69a16-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">“(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>The taxes imposed by sections 4261 and 4271 shall not apply to transportation by an aircraft having a maximum certificated takeoff weight of 6,000 pounds or less, except when such aircraft is operated on an established line or when such aircraft is a jet aircraft.</content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yeff69a17-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Maximum Certificated Takeoff Weight</inline>.—</heading><content>For purposes of this section, the term ‘<term>maximum certificated takeoff weight</term>’ means the maximum such weight contained in the type certificate or airworthiness certificate.</content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yeff69a18-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">“(c) </num><heading class="fontsize10"><inline class="smallCaps">Sightseeing</inline>.—</heading><content>For purposes of this section, an aircraft shall not be considered as operated on an established line at any time during which such aircraft is being operated on a flight the sole purpose of which is sightseeing.</content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yeff69a19-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">“(d) </num><heading class="fontsize10"><inline class="smallCaps">Jet Aircraft</inline>.—</heading><content>For purposes of this section, the term ‘<term>jet aircraft</term>’ shall not include any aircraft which is a rotorcraft or propeller aircraft.”</content></subsection> </section> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff69a1a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s204/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff69a1b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4281">26 USC 4281 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by subsection (a) shall take effect as if included in section 1107 of the FAA Modernization and Reform Act of 2012.</content></subsection> </section> <section id="d270244e4051" identifier="/us/pl/113/295/dA/tII/s205" style="-uslm-lc:I658143"><num class="fontsize12" value="205">SEC. 205. </num><heading>AMENDMENTS RELATING TO REGULATED INVESTMENT COMPANY MODERNIZATION ACT OF 2010.</heading><subsection class="firstIndent0 fontsize10" id="yeff7847c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>101.—</heading><paragraph class="fontsize10" id="yeff7847d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><chapeau>Subsection (c) of section 101 of the Regulated Investment Company Modernization Act of 2010<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff7847e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1212">26 USC 1212 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeff7847f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a/1/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>paragraph (2)</quotedText>” in paragraph (1) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>paragraphs (2) and (3)</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff78480-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a/1/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<quotedContent><paragraph class="indentDown1 fontsize10" id="yeff7ab91-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Excise tax</inline>.—</heading><subparagraph class="fontsize10" id="yeff7ab92-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff7ab93-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p><p class="leftAlign firstIndent0 fontsize8" id="xeff7ab94-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time periods.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Except as provided in subparagraph (B), for purposes of section 4982 of the Internal Revenue Code of 1986, paragraphs (1) and (2) shall apply by substituting ‘the 1-year periods taken into account under subsection (b)(1)(B) of such section with respect to calendar years beginning after December 31, 2010’ for ‘taxable years beginning after the date of the enactment of this Act’.</content></subparagraph> <subparagraph class="fontsize10" id="yeff7ab95-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Election</inline>.—</heading><content>A regulated investment company may elect to apply subparagraph (A) by substituting ‘2011’ for ‘2010’. Such election shall be made at such time and in such form and manner as the Secretary of the Treasury (or the Secretary’s delegate) shall prescribe.”</content></subparagraph> </paragraph> </quotedContent>.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeff7ab96-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><chapeau>The first sentence of paragraph (2) of section 852(c) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeff7ab97-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>and without regard to</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, without regard to</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff7ab98-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/a/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and without regard to any capital loss arising on the first day of the taxable year by reason <page identifier="/us/stat/128/4026">128 STAT. 4026</page> of clauses (ii) and (iii) of section 1212(a)(3)(A)</quotedText>” before the period at the end.</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff7ab99-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>304.—</heading><content>Paragraph (1) of section 855(a)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff7ab9a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s855">26 USC 855</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>on or</quotedText>” before “<quotedText>before</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff7ab9b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>308.—</heading><paragraph class="fontsize10" id="yeff7ab9c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff7ab9d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Definitions.</p></sidenote><content>Paragraph (8) of section 852(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (E) as subparagraph (G) and by <amendingAction type="delete">striking</amendingAction> subparagraphs (C) and (D) and <amendingAction type="insert">inserting</amendingAction> the following new subparagraphs:<quotedContent><subparagraph class="fontsize10" id="yeff7f9be-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><heading class="fontsize10"><inline class="smallCaps">Post-october capital loss</inline>.—</heading><chapeau>For purposes of this paragraph, the term ‘<term>post-October capital loss</term>’ means—</chapeau><clause class="fontsize10" id="yeff7f9bf-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>any net capital loss attributable to the portion of the taxable year after October 31, or</content></clause> <clause class="fontsize10" id="yeff7f9c0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><chapeau>if there is no such loss—</chapeau><subclause class="fontsize10" id="yeff7f9c1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">“(I) </num><content>any net long-term capital loss attributable to such portion of the taxable year, or</content></subclause> <subclause class="fontsize10" id="yeff7f9c2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">“(II) </num><content>any net short-term capital loss attributable to such portion of the taxable year.</content></subclause> </clause> </subparagraph> <subparagraph class="fontsize10" id="yeff7f9c3-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><heading class="fontsize10"><inline class="smallCaps">Late-year ordinary loss</inline>.—</heading><content>For purposes of this paragraph, the term ‘<term>late-year ordinary loss</term>’ means the sum of any post-October specified loss and any post-December ordinary loss.</content></subparagraph> <subparagraph class="fontsize10" id="yeff7f9c4-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">“(E) </num><heading class="fontsize10"><inline class="smallCaps">Post-october specified loss</inline>.—</heading><chapeau>For purposes of this paragraph, the term ‘<term>post-October specified loss</term>’ means the excess (if any) of—</chapeau><clause class="fontsize10" id="yeff7f9c5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>the specified losses (as defined in section 4982(e)(5)(B)(ii)) attributable to the portion of the taxable year after October 31, over</content></clause> <clause class="fontsize10" id="yeff7f9c6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>the specified gains (as defined in section 4982(e)(5)(B)(i)) attributable to such portion of the taxable year.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yeff7f9c7-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">“(F) </num><heading class="fontsize10"><inline class="smallCaps">Post-december ordinary loss</inline>.—</heading><chapeau>For purposes of this paragraph, the term ‘<term>post-December ordinary loss</term>’ means the excess (if any) of—</chapeau><clause class="fontsize10" id="yeff7f9c8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>the ordinary losses not described in subparagraph (E)(i) and attributable to the portion of the taxable year after December 31, over</content></clause> <clause class="fontsize10" id="yeff7f9c9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>the ordinary income not described in subparagraph (E)(ii) and attributable to such portion of the taxable year.”</content></clause> </subparagraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yeff7f9ca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Subparagraph (G) of section 852(b)(8), as so redesignated, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, (D)(i)(I), and (D)(ii)(I)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>and (E)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff7f9cb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/c/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><chapeau>The first sentence of paragraph (2) of section 852(c), as amended by subsection (a), <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeff7f9cc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/c/3/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>, and without regard to</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, without regard to</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeff7f9cd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/c/3/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and with such other adjustments as the Secretary may prescribe</quotedText>” before the period at the end.</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff7f9ce-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>402.—</heading><paragraph class="fontsize10" id="yeff7f9cf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/d/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Subparagraph (B) of section 4982(e)(6) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> before the period at the end the following: “<quotedText>or which determines income by reference to the value of an item on the last day of the taxable year</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff7f9d0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/d/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Subparagraph (A) of section 4982(e)(7) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>such company</quotedText>” and all that follows through “<quotedText>any <page identifier="/us/stat/128/4027">128 STAT. 4027</page> net ordinary loss</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>such company may elect to determine its ordinary income and net ordinary loss (as defined in paragraph (2)(C)(ii)) for the calendar year without regard to any portion of any net ordinary loss</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff7f9d1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/e" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendment Relating to Section </inline>201.—</heading><content>Subparagraph (A) of section 851(d)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff7f9d2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s851">26 USC 851</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>of this paragraph</quotedText>” after “<quotedText>subparagraph (B)(i)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff7f9d3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/f" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff7f9d4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s852">26 USC 852 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><paragraph class="fontsize10" id="yeff7f9d5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/f/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Except as provided in paragraph (2), the amendments made by this section shall take effect as if included in the provision of the Regulated Investment Company Modernization Act of 2010 to which they relate.</content></paragraph> <paragraph class="fontsize10" id="yeff7f9d6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s205/f/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Savings provision</inline>.—</heading><content>In the case of an election by a regulated investment company under section 852(b)(8) of the Internal Revenue Code of 1986 with respect to any taxable year beginning before the date of the enactment of this Act, such company may treat the amendments made by paragraphs (1) and (2) of subsection (c) as not applying with respect to any such election.</content></paragraph> </subsection> </section> <section id="d270244e4432" identifier="/us/pl/113/295/dA/tII/s206" style="-uslm-lc:I658143"><num class="fontsize12" value="206">SEC. 206. </num><heading>AMENDMENTS RELATING TO TAX RELIEF, UNEMPLOYMENT INSURANCE REAUTHORIZATION, AND JOB CREATION ACT OF 2010.</heading><subsection class="firstIndent0 fontsize10" id="yeff847f7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s206/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>103.—</heading><content>Clause (ii) of section 32(b)(3)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>in 2010</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>after 2009</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff847f8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s206/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendments Relating to Section </inline>302.—</heading><paragraph class="fontsize10" id="yeff847f9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s206/b/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Paragraph (1) of section 2801(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(or, if greater, the highest rate of tax specified in the table applicable under section 2502(a) as in effect on the date)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff847fa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s206/b/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Subsection (f) of section 302 of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff847fb-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s2001">26 USC 2001 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff847fc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s206/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>753.—</heading><content>Subparagraph (A) of section 1397B(b)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>and</quotedText>” at the end of clause (ii), by <amendingAction type="delete">striking</amendingAction> the period at the end of clause (iii) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and</quotedText>”, and by <amendingAction type="add">adding</amendingAction> at the end the following new clause:<quotedContent><clause class="indentUp3 fontsize10" id="yeff847fd-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iv">“(iv) </num><content>the day after the date set forth in section 1391(d)(1)(A)(i) were substituted for ‘January 1, 2010’ each place it appears.”</content></clause> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff847fe-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s206/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff847ff-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s32">26 USC 32 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to which they relate.</content></subsection> </section> <section id="d270244e4544" identifier="/us/pl/113/295/dA/tII/s207" style="-uslm-lc:I658143"><num class="fontsize12" value="207">SEC. 207. </num><heading>AMENDMENTS RELATING TO CREATING SMALL BUSINESS JOBS ACT OF 2010.</heading><subsection class="firstIndent0 fontsize10" id="yeff89620-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s207/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>2102.—</heading><paragraph class="fontsize10" id="yeff89621-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s207/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Subsection (h) of section 2102 of the Creating Small Business Jobs Act of 2010<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff89622-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6721">26 USC 6721 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and payee statements required to be furnished,</quotedText>” after “<quotedText>information returns required to be filed</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeff89623-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s207/a/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Paragraphs (1) and (2) of subsection (b), and subsection (c)(1)(C), of section 6722 are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>the required filing date</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>the date prescribed for furnishing such statement</quotedText>”.<page identifier="/us/stat/128/4028">128 STAT. 4028</page></content></paragraph> <paragraph class="fontsize10" id="yeff89624-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s207/a/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Subparagraph (B) of section 6722(c)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff89625-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6722">26 USC 6722</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>filed</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>furnished</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeff89626-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s207/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff89627-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6722">26 USC 6722 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provision of the Creating Small Business Jobs Act of 2010 to which they relate.</content></subsection> </section> <section id="d270244e4624" identifier="/us/pl/113/295/dA/tII/s208" style="-uslm-lc:I658143"><num class="fontsize12" value="208">SEC. 208. </num><heading>CLERICAL AMENDMENT RELATING TO HIRING INCENTIVES TO RESTORE EMPLOYMENT ACT.</heading><subsection class="firstIndent0 fontsize10" id="yeff8bd38-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s208/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>512.—</heading><content>Paragraph (1) of section 512(a) of the Hiring Incentives to Restore Employment Act<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff8bd39-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6662">26 USC 6662</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after paragraph (6)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>after paragraph (5)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeff8bd3a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s208/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeff8bd3b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6662">26 USC 6662 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall take effect as if included in the provision of the Hiring Incentives to Restore Employment Act to which it relates.</content></subsection> </section> <section id="d270244e4668" identifier="/us/pl/113/295/dA/tII/s209" style="-uslm-lc:I658143"><num class="fontsize12" value="209">SEC. 209. </num><heading>AMENDMENTS RELATING TO AMERICAN RECOVERY AND REINVESTMENT TAX ACT OF 2009.</heading><subsection class="firstIndent0 fontsize10" id="yeffa43dc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1003.—</heading><content>Paragraph (4) of section 24(d) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="fontsize10" id="yeffa43dd-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffa43de-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p><p class="leftAlign firstIndent0 fontsize8" id="xeffa43df-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Special rule for certain years</inline>.—</heading><content>In the case of any taxable year beginning after 2008 and before 2018, paragraph (1)(B)(i) shall be applied by substituting ‘$3,000’ for ‘$10,000’.”</content></paragraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43e0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1004.—</heading><content>Paragraph (3) of section 25A(i) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>Subsection (f)(1)(A) shall be applied</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>For purposes of determining the Hope Scholarship Credit, subsection (f)(1)(A) shall be applied</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43e1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>1008.—</heading><paragraph class="fontsize10" id="yeffa43e2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Paragraph (6) of section 164(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (E) and by <amendingAction type="redesignate">redesignating</amendingAction> subparagraphs (F) and (G) as subparagraphs (E) and (F), respectively.</content></paragraph> <paragraph class="fontsize10" id="yeffa43e3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Subparagraphs (E) and (F) of section 164(b)(6), as so redesignated, are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>This paragraph</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Subsection (a)(6)</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43e4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/d" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1104.—</heading><content>Subparagraph (A) of section 48(d)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>or alternative minimum taxable income</quotedText>” after “<quotedText>includible in the gross income</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43e5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/e" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>1141.—</heading><paragraph class="fontsize10" id="yeffa43e6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/e/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><chapeau>Subsection (f) of section 30D <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeffa43e7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/e/1/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined without regard to subsection (c))</quotedText>” before the period at the end of paragraph (1), and</content></subparagraph> <subparagraph class="fontsize10" id="yeffa43e8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/e/1/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined without regard to subsection (c))</quotedText>” before the period at the end of paragraph (2).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeffa43e9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/e/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Paragraph (3) of section 30D(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following: “<quotedText>For purposes of subsection (c), property to which this paragraph applies shall be treated as of a character subject to an allowance for depreciation.</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43ea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>1142.—</heading><paragraph class="fontsize10" id="yeffa43eb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Subsection (b) of section 38 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>plus</quotedText>” at the end of paragraph (35), by <amendingAction type="redesignate">redesignating</amendingAction> paragraph (36) as paragraph (37), and by <amendingAction type="insert">inserting</amendingAction> after paragraph (35) the following new paragraph:<quotedContent><paragraph class="indentUp0 fontsize10" id="yeffa43ec-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="36">“(36) </num><content>the portion of the qualified plug-in electric vehicle credit to which section 30(c)(1) applies, plus”</content></paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yeffa43ed-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2)</num><subparagraph class="inline" id="yeffa43ee-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f/2/A" role="instruction"><num value="A">(A) </num><chapeau>Subsection (e) of section 30 <amendingAction type="amend">is amended</amendingAction>—<page identifier="/us/stat/128/4029">128 STAT. 4029</page></chapeau><clause class="fontsize10" id="yeffa43ef-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f/2/A/i" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined without regard to subsection (c))</quotedText>” before the period at the end of paragraph (1), and</content></clause> <clause class="fontsize10" id="yeffa43f0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f/2/A/ii" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined without regard to subsection (c))</quotedText>” before the period at the end of paragraph (2).</content></clause> </subparagraph> <subparagraph class="indentUp0 fontsize10" id="yeffa43f1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/f/2/B" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (3) of section 30(e)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffa43f2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s30">26 USC 30</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following:<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffa43f3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote> “<quotedText>For purposes of subsection (c), property to which this paragraph applies shall be treated as of a character subject to an allowance for depreciation.</quotedText>”.</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43f4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/g" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">(g) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1302.—</heading><content>Paragraph (3) of section 48C(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>as the qualified investment</quotedText>” after “<quotedText>The amount which is treated</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffa43f5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">(h) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Related to Section </inline>1541.—</heading><paragraph class="fontsize10" id="yeffa43f6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Paragraph (2) of section 853A(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined after the application of this section)</quotedText>” before the comma at the end.</content></paragraph> <paragraph class="fontsize10" id="yeffa43f7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><chapeau>Subsection (a) of section 853A <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeffa43f8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>with respect to credits</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>with respect to some or all of the credits</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeffa43f9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined without regard to this section and sections 54(c), 54A(c)(1), 54AA(c)(1), and 1397E(c))</quotedText>” after “<quotedText>credits allowable</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeffa43fa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Subsection (b) of section 853A <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yeffa921b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Effect of Election</inline>.—</heading><chapeau>If the election provided in subsection (a) is in effect with respect to any credits for any taxable year—</chapeau><paragraph class="fontsize10" id="yeffa921c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><chapeau>the regulated investment company—</chapeau><subparagraph class="fontsize10" id="yeffa921d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>shall not be allowed such credits,</content></subparagraph> <subparagraph class="fontsize10" id="yeffa921e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>shall include in gross income (as interest) for such taxable year the amount which would have been so included with respect to such credits had the application of this section not been elected,</content></subparagraph> <subparagraph class="fontsize10" id="yeffa921f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><content>shall include in earnings and profits the amount so included in gross income, and</content></subparagraph> <subparagraph class="fontsize10" id="yeffa9220-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><content>shall be treated as making one or more distributions of money with respect to its stock equal to the amount of such credits on the date or dates (on or after the applicable date for any such credit) during such taxable year (or following the close of the taxable year pursuant to section 855) selected by the company, and</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeffa9221-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><chapeau>each shareholder of such investment company shall—</chapeau><subparagraph class="fontsize10" id="yeffa9222-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>be treated as receiving such shareholder’s proportionate share of any distribution of money which is treated as made by such investment company under paragraph (1)(D), and</content></subparagraph> <subparagraph class="fontsize10" id="yeffa9223-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>be allowed credits against the tax imposed by this chapter equal to the amount of such distribution, subject to the provisions of this title applicable to the credit involved.”</content></subparagraph> </paragraph> </subsection> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yeffa9224-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/4" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><content>Subsection (c) of section 853A <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yeffa9225-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">“(c) </num><heading class="fontsize10"><inline class="smallCaps">Notice to Shareholders</inline>.—</heading><content>The amount treated as a distribution of money received by a shareholder under subsection (b)(2)(A) (and as credits allowed to such shareholder under subsection (b)(2)(B)) shall not exceed the amount so reported by the <page identifier="/us/stat/128/4030">128 STAT. 4030</page> regulated investment company in a written statement furnished to such shareholder.”</content></subsection> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yeffa9226-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/h/5" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">(5) </num><content>Clause (ii) of section 853A(e)(1)(A)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffa9227-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s853A">26 USC 853A</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>other than a qualified bond described in section 54AA(g)</quotedText>” after “<quotedText>as defined in section 54AA(d))</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffa9228-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/i" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>2202.—</heading><paragraph class="fontsize10" id="yeffa9229-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/i/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Subparagraph (A) of section 2202(b)(1) of division B of the American Recovery and Reinvestment Act of 2009<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffa922a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6428">26 USC 6428 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>political subdivision of a State,</quotedText>” after “<quotedText>any State,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeffa922b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/i/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Section 2202 of division B of the American Recovery and Reinvestment Act of 2009 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yeffab93c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of Possessions</inline>.—</heading><paragraph class="fontsize10" id="yeffab93d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffab93e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Effective date.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Payments to mirror code possessions</inline>.—</heading><content>The Secretary of the Treasury shall pay to each possession of the United States with a mirror code tax system amounts equal to the loss to that possession by reason of credits allowed under subsection (a) with respect to taxable years beginning in 2009. Such amounts shall be determined by the Secretary of the Treasury based on information provided by the government of the respective possession.</content></paragraph> <paragraph class="fontsize10" id="yeffab93f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Coordination with credit allowed against united states income taxes</inline>.—</heading><content>No credit shall be allowed against United States income taxes for any taxable year under this section to any person to whom a credit is allowed against taxes imposed by the possession by reason of the credit allowed under subsection (a) for such taxable year.</content></paragraph> <paragraph class="fontsize10" id="yeffab940-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Definitions and special rules</inline>.—</heading><subparagraph class="fontsize10" id="yeffab941-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">Possession of the united states</inline>.—</heading><content>For purposes of this subsection, the term ‘<term>possession of the United States</term>’ includes the Commonwealth of the Northern Mariana Islands.</content></subparagraph> <subparagraph class="fontsize10" id="yeffab942-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Mirror code tax system</inline>.—</heading><content>For purposes of this subsection, the term ‘<term>mirror code tax system</term>’ means, with respect to any possession of the United States, the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the United States as if such possession were the United States.</content></subparagraph> <subparagraph class="fontsize10" id="yeffab943-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of payments</inline>.—</heading><content>For purposes of <ref href="/us/usc/t31/s1324/b/2">section 1324(b)(2) of title 31, United States Code</ref>, the payments under this subsection shall be treated in the same manner as a refund due from the credit allowed under section 36A of the Internal Revenue Code of 1986 (as added by this Act).”</content></subparagraph> </paragraph> </subsection> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffab944-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/j" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="j">(j) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendments</inline>.—</heading><paragraph class="fontsize10" id="yeffab945-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/j/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>1131.—</heading><content>Paragraph (2) of section 45Q(d) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>Administrator of the Environmental Protection Agency</quotedText>” and all that follows through “<quotedText>shall establish</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Administrator of the Environmental Protection Agency, the Secretary of Energy, and the Secretary of the Interior, shall establish</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeffab946-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/j/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>1141.—</heading><content>Paragraph (37) of section 1016(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 30D(e)(4)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 30D(f)(1)</quotedText>”.<page identifier="/us/stat/128/4031">128 STAT. 4031</page></content></paragraph> <paragraph class="fontsize10" id="yeffab947-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/j/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>3001.—</heading><content>Subparagraph (A) of section 3001(a)(14) of the American Recovery and Reinvestment Act of 2009<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffab948-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s35">26 USC 35</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>is amended by redesignating paragraph (9) as paragraph (10)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, as amended by this Act, is amended by redesignating paragraphs (9) and (10) as paragraphs (10) and (11), respectively,</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffab949-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s209/k" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="k">(k) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffab94a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s24">26 USC 24 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the American Recovery and Reinvestment Tax Act of 2009 to which they relate.</content></subsection> </section> <section id="d270244e5278" identifier="/us/pl/113/295/dA/tII/s210" style="-uslm-lc:I658143"><num class="fontsize12" value="210">SEC. 210. </num><heading>AMENDMENTS RELATING TO ENERGY IMPROVEMENT AND EXTENSION ACT OF 2008.</heading><subsection class="firstIndent0 fontsize10" id="yeffbcabb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>108.—</heading><content>Subparagraph (E) of section 45K(g)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffbcabc-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45K">26 USC 45K</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="indentUp2 fontsize10" id="yeffbcabd-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">“(E) </num><heading class="fontsize10"><inline class="smallCaps">Coordination with section </inline>45.—</heading><content>No credit shall be allowed with respect to any coke or coke gas which is produced using steel industry fuel (as defined in section 45(c)(7)) as feedstock if a credit is allowed to any taxpayer under section 45 with respect to the production of such steel industry fuel.”</content></subparagraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffbcabe-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>113.—</heading><content>Paragraph (1) of section 113(b) of the Energy Improvement and Extension Act of 2008<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffbcabf-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s9501">26 USC 9501 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subparagraph:<quotedContent><subparagraph class="indentUp2 fontsize10" id="yeffbcac0-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">“(F) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffbcac1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Definition.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Trust fund</inline>.—</heading><content>The term ‘<term>Trust Fund</term>’ means the Black Lung Disability Trust Fund established under section 9501 of the Internal Revenue Code of 1986.”</content></subparagraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffbcac2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>306.—</heading><paragraph class="fontsize10" id="yeffbcac3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Clause (ii) of section 168(i)(18)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>10 years</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>16 years</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeffbcac4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>Clause (ii) of section 168(i)(19)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>10 years</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>16 years</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffbcac5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/d" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>308.—</heading><content>Clause (i) of section 168(m)(2)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 168(k)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (k) (determined without regard to paragraph (4) thereof)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffbcac6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/e" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>402.—</heading><content>Subparagraph (A) of section 907(f)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>this subsection shall be applied</quotedText>” and all that follows through the period at the end and <amendingAction type="insert">inserting</amendingAction> the following: “<quotedText>this subsection, as in effect on the day before the date of the enactment of the Energy Improvement and Extension Act of 2008, shall apply to unused oil and gas extraction taxes carried from such unused credit year to a taxable year beginning after December 31, 2008.</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffbcac7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>403.—</heading><paragraph class="fontsize10" id="yeffbcac8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><chapeau>Subsection (c) of section 1012 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeffbcac9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/1/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">funds</headingText></quotedText>” in the heading for paragraph (2) and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">regulated investment companies</headingText></quotedText>”,</content></subparagraph> <subparagraph class="fontsize10" id="yeffbcaca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/1/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">fund</headingText></quotedText>” in the heading for paragraph (2)(B), and</content></subparagraph> <subparagraph class="fontsize10" id="yeffbcacb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/1/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>fund</quotedText>” each place it appears in paragraph (2) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>regulated investment company</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeffbf1dc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><chapeau>Paragraph (1) of section 1012(d) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yeffbf1dd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>December 31, 2010</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>December 31, 2011</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yeffbf1de-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>an open-end fund</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>a regulated investment company</quotedText>”.<page identifier="/us/stat/128/4032">128 STAT. 4032</page></content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeffbf1df-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Paragraph (3) of section 1012(d)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffbf1e0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1012">26 USC 1012</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentUp0 fontsize10" id="yeffbf1e1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Separate accounts; election for treatment as single account</inline>.—</heading><subparagraph class="fontsize10" id="yeffbf1e2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffbf1e3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Rules similar to the rules of subsection (c)(2) shall apply for purposes of this subsection.</content></subparagraph> <subparagraph class="fontsize10" id="yeffbf1e4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Average basis method</inline>.—</heading><content>Notwithstanding paragraph (1), in the case of an election under rules similar to the rules of subsection (c)(2)(B) with respect to stock held in connection with a dividend reinvestment plan, the average basis method is permissible with respect to all such stock without regard to the date of the acquisition of such stock.”</content></subparagraph> </paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yeffbf1e5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/f/4" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><content>Subsection (g) of section 6045 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<quotedContent><paragraph class="indentUp0 fontsize10" id="yeffbf1e6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><heading class="fontsize10"><inline class="smallCaps">Special rule for certain stock held in connection with dividend reinvestment plan</inline>.—</heading><content>For purposes of this subsection, stock acquired before January 1, 2012, in connection with a dividend reinvestment plan shall be treated as stock described in clause (ii) of paragraph (3)(C) (unless the broker with respect to such stock elects not to have this paragraph apply with respect to such stock).”</content></paragraph> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffbf1e7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/g" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">(g) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendments</inline>.—</heading><paragraph class="fontsize10" id="yeffbf1e8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/g/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>108.—</heading><content>Paragraph (2) of section 45(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>$3 amount</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>$2 amount</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yeffbf1e9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/g/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>306.—</heading><subparagraph class="fontsize10" id="yeffbf1ea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/g/2/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Paragraph (5) of section 168(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(2)(C)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(2)(D)</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yeffbf1eb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/g/2/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>The last sentence of section 168(k)(4)(C)(i) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(b)(2)(C)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(b)(2)(D)</quotedText>”.</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffbf1ec-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s210/h" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">(h) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffbf1ed-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45">26 USC 45 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Energy Improvement and Extension Act of 2008 to which they relate.</content></subsection> </section> <section id="d270244e5669" identifier="/us/pl/113/295/dA/tII/s211" style="-uslm-lc:I658143"><num class="fontsize12" value="211">SEC. 211. </num><heading>AMENDMENTS RELATING TO TAX EXTENDERS AND ALTERNATIVE MINIMUM TAX RELIEF ACT OF 2008.</heading><subsection class="firstIndent0 fontsize10" id="yeffc671e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>208.—</heading><content>Subsection (b) of section 208 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffc8e2f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s897">26 USC 897 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="firstIndent0 fontsize10" id="yeffc8e30-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><paragraph class="fontsize10" id="yeffc8e31-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The amendment made by subsection (a) shall take effect on January 1, 2008. 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 October 4, 2008.</content></paragraph> <paragraph class="fontsize10" id="yeffc8e32-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Amounts withheld on or before date of enactment</inline>.—</heading><chapeau>In the case of a regulated investment company—</chapeau><subparagraph class="fontsize10" id="yeffc8e33-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>which makes a distribution after December 31, 2007, and before October 4, 2008, and</content></subparagraph> <subparagraph class="fontsize10" id="yeffc8e34-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>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,</content></subparagraph> <continuation class="firstIndent1 fontsize10" id="xeffc8e35-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><page identifier="/us/stat/128/4033">128 STAT. 4033</page>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></paragraph> </subsection> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffc8e36-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>305.—</heading><content>Paragraphs (7)(B) and (8)(D) of section 168(e)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffc8e37-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168</ref>.</p></sidenote> are each amended by <amendingAction type="insert">inserting</amendingAction> “<quotedText>which is not qualified leasehold improvement property</quotedText>” after “<quotedText>Property described in this paragraph</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffc8e38-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendments</inline>.—</heading><paragraph class="fontsize10" id="yeffc8e39-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">Amendments relating to section </inline>706.—</heading><subparagraph class="fontsize10" id="yeffc8e3a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c/1/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Paragraph (2) of section 1033(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>is</quotedText>” before “<quotedText>compulsorily</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yeffc8e3b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c/1/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subclause (II) of section 172(b)(1)(F)(ii) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (h)(3)(C)(i)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 165(h)(3)(C)(i)</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yeffcb54c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c/1/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>The heading for paragraph (1) of section 165(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">$100</headingText></quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">Dollar</headingText></quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yeffcb54d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>709.—</heading><content>Subsection (k) of section 143 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="redesignate">redesignating</amendingAction> the second paragraph (12) (relating to special rules for residences destroyed in Federally declared disasters) as paragraph (13).</content></paragraph> <paragraph class="fontsize10" id="yeffcb54e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/c/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>712.—</heading><content>Section 712 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffcb54f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t25/s56">25 USC 56 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 702(c)(1)(A)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 702(b)(1)(A)</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffcb550-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s211/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 to which they relate.</content></subsection> </section> <section id="d270244e5868" identifier="/us/pl/113/295/dA/tII/s212" style="-uslm-lc:I658143"><num class="fontsize12" value="212">SEC. 212. </num><heading>CLERICAL AMENDMENTS RELATING TO HOUSING ASSISTANCE TAX ACT OF 2008.</heading><subsection class="firstIndent0 fontsize10" id="yeffcdc61-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s212/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>3002.—</heading><content>Paragraph (1) of section 42(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>For purposes of this section, the term</quotedText>” and <amendingAction type="insert">inserting</amendingAction> the following: <quotedContent>“For purposes of this section—<subparagraph class="indentUp2 fontsize10" id="yeffcdc62-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The term”</content></subparagraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffcdc63-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s212/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>3081.—</heading><content>Clause (iv) of section 168(k)(4)(E) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>adjusted minimum tax</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>adjusted net minimum tax</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffcdc64-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s212/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>3092.—</heading><content>Subsection (b) of section 121 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="redesignate">redesignating</amendingAction> the second paragraph (4) (relating to exclusion of gain allocated to nonqualified use) as paragraph (5).</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffcdc65-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s212/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffcdc66-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s42">26 USC 42 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Housing Assistance Tax Act of 2008 to which they relate.</content></subsection> </section> <section id="d270244e5953" identifier="/us/pl/113/295/dA/tII/s213" style="-uslm-lc:I658143"><num class="fontsize12" value="213">SEC. 213. </num><heading>AMENDMENTS AND PROVISION RELATING TO HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008.</heading><subsection class="firstIndent0 fontsize10" id="yeffd2a87-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s213/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>106.—</heading><content>Paragraph (2) of section 106(c) of the Heroes Earnings Assistance and Relief Tax Act of 2008<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffd2a88-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6511">26 USC 6511 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>substituting for</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>substituting ‘June 17, 2008’ for</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffd2a89-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s213/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>114.—</heading><content>Paragraph (1) of section 125(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(and shall not fail to be treated as an accident or health plan)</quotedText>” before “<quotedText>merely</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffd2a8a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s213/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendments</inline>.—</heading><paragraph class="fontsize10" id="yeffd2a8b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s213/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>110.—</heading><content>Subparagraph (B) of section 121(d)(12) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>of paragraph (9)</quotedText>” after “<quotedText>and (D)</quotedText>”.<page identifier="/us/stat/128/4034">128 STAT. 4034</page></content></paragraph> <paragraph class="fontsize10" id="yeffd2a8c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s213/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Amendment relating to section </inline>301.—</heading><content>Paragraph (2) of section 877(e)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffd2a8d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s877">26 USC 877</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>subparagraph (A) or (B) of</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffd2a8e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s213/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffd2a8f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s121">26 USC 121 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Heroes Earnings Assistance and Relief Tax Act of 2008 to which they relate.</content></subsection> </section> <section id="d270244e6061" identifier="/us/pl/113/295/dA/tII/s214" style="-uslm-lc:I658143"><num class="fontsize12" value="214">SEC. 214. </num><heading>AMENDMENTS RELATING TO ECONOMIC STIMULUS ACT OF 2008.</heading><subsection class="firstIndent0 fontsize10" id="yeffd51a0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s214/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>101.—</heading><chapeau>Paragraph (2) of section 6213(g) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeffd51a1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s214/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>32, or 6428</quotedText>” in subparagraph (L) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>or 32</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeffd51a2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s214/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>and</quotedText>” at the end of subparagraph (O), by <amendingAction type="delete">striking</amendingAction> the period at the end of subparagraph (P) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and</quotedText>”, and by <amendingAction type="insert">inserting</amendingAction> after subparagraph (P) the following new subparagraph:<quotedContent><subparagraph class="fontsize10" id="yeffd78b3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="Q">“(Q) </num><content>an omission of a correct valid identification number required under section 6428(h) (relating to 2008 recovery rebates for individuals) to be included on a return.”</content></subparagraph> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffd78b4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s214/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendment Relating to Section </inline>103.—</heading><content>Subclause (IV) of section 168(k)(2)(B)(i) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>clauses also apply</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>clause also applies</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffd78b5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s214/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffd78b6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s168">26 USC 168 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Economic Stimulus Act of 2008 to which they relate.</content></subsection> </section> <section id="d270244e6149" identifier="/us/pl/113/295/dA/tII/s215" style="-uslm-lc:I658143"><num class="fontsize12" value="215">SEC. 215. </num><heading>AMENDMENTS RELATING TO TAX TECHNICAL CORRECTIONS ACT OF 2007.</heading><subsection class="firstIndent0 fontsize10" id="yeffd9fc7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s215/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>4(c).—</heading><content>Paragraph (1) of section 911(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following flush sentence:<quotedContent><p class="indentUp1 fontsize10" id="xeffd9fc8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122">“For purposes of this paragraph, the amount excluded under subsection (a) shall be reduced by the aggregate amount of any deductions or exclusions disallowed under subsection (d)(6) with respect to such excluded amount.”</p></quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffd9fc9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s215/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendment Relating to Section </inline>11(g).—</heading><content>Clause (iv) of section 56(g)(4)(C) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>a cooperative described in section 927(a)(4)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>an organization to which part I of subchapter T (relating to tax treatment of cooperatives) applies which is engaged in the marketing of agricultural or horticultural products</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffd9fca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s215/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffd9fcb-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s56">26 USC 56 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provisions of the Tax Technical Corrections Act of 2007 to which they relate.</content></subsection> </section> <section id="d270244e6207" identifier="/us/pl/113/295/dA/tII/s216" style="-uslm-lc:I658143"><num class="fontsize12" value="216">SEC. 216. </num><heading>AMENDMENT RELATING TO TAX RELIEF AND HEALTH CARE ACT OF 2006.</heading><subsection class="firstIndent0 fontsize10" id="yeffdc6dc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s216/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>105.—</heading><content>Subparagraph (B) of section 45A(b)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following: “<quotedText>If any portion of wages are taken into account under subsection (e)(1)(A) of section 51, the preceding sentence shall be applied by substituting ‘2-year period’ for ‘1-year period’.</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffdc6dd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s216/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffdc6de-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s45A">26 USC 45A note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall take effect as if included in the provision of the Tax Relief and Health Care Act of 2006 to which it relates.<page identifier="/us/stat/128/4035">128 STAT. 4035</page></content></subsection> </section> <section id="d270244e6246" identifier="/us/pl/113/295/dA/tII/s217" style="-uslm-lc:I658143"><num class="fontsize12" value="217">SEC. 217. </num><heading>AMENDMENT RELATING TO SAFE, ACCOUNTABLE, FLEXIBLE, EFFICIENT TRANSPORTATION EQUITY ACT OF 2005: A LEGACY FOR USERS.</heading><subsection class="firstIndent0 fontsize10" id="yeffdc6df-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s217/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>11161.—</heading><content>Paragraph (1) of section 9503(b)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffdc6e0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s9503">26 USC 9503</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> before the period at the end the following: “<quotedText>and taxes received under section 4081 shall be determined without regard to tax receipts attributable to the rate specified in section 4081(a)(2)(C)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffdc6e1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s217/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffdc6e2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s9503">26 USC 9503 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall take effect as if included in the provision of the Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users to which it relates.</content></subsection> </section> <section id="d270244e6287" identifier="/us/pl/113/295/dA/tII/s218" style="-uslm-lc:I658143"><num class="fontsize12" value="218">SEC. 218. </num><heading>AMENDMENTS RELATING TO ENERGY TAX INCENTIVES ACT OF 2005.</heading><subsection class="firstIndent0 fontsize10" id="yeffdecf3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s218/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1341.—</heading><content>Subparagraph (B) of section 30B(h)(5) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(determined without regard to subsection (g))</quotedText>” before the period at the end.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffdecf4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s218/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>1342.—</heading><content>Paragraph (1) of section 30C(e) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="fontsize10" id="yeffdecf5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">Reduction in basis</inline>.—</heading><content>For purposes of this subtitle, the basis of any property for which a credit is allowable under subsection (a) shall be reduced by the amount of such credit so allowed (determined without regard to subsection (d)).”</content></paragraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffe1406-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s218/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffe1407-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s30B">26 USC 30B note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provision of the Energy Tax Incentives Act of 2005 to which it relates.</content></subsection> </section> <section id="d270244e6346" identifier="/us/pl/113/295/dA/tII/s219" style="-uslm-lc:I658143"><num class="fontsize12" value="219">SEC. 219. </num><heading>AMENDMENTS RELATING TO AMERICAN JOBS CREATION ACT OF 2004.</heading><subsection class="firstIndent0 fontsize10" id="yeffe3b18-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s219/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendment Relating to Section </inline>101.—</heading><content>Subsection (d) of section 101 of the American Jobs Creation Act of 2004<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffe3b19-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s114">26 USC 114 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<quotedContent><paragraph class="fontsize10" id="yeffe3b1a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Coordination with section </inline>199.—</heading><content>This subsection shall be applied without regard to any deduction allowable under section 199.”</content></paragraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffe3b1b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s219/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Section </inline>102.—</heading><chapeau>Paragraph (3) of section 199(b) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yeffe3b1c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s219/b/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>of a short taxable year or</quotedText>” after “<quotedText>in cases</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yeffe3b1d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s219/b/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">and dispositions</headingText></quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">, dispositions, and short taxable years</headingText></quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yeffe3b1e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s219/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendment Relating to Section </inline>413.—</heading><content>Paragraph (7) of section 904(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>as ordinary income under section 1246 or</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yeffe3b1f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s219/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xeffe3b20-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s199">26 USC 199 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall take effect as if included in the provision of the American Jobs Creation Act of 2004 to which they relate.</content></subsection> </section> <section id="d270244e6454" identifier="/us/pl/113/295/dA/tII/s220" style="-uslm-lc:I658143"><num class="fontsize12" value="220">SEC. 220. </num><heading>OTHER CLERICAL CORRECTIONS.</heading><subsection class="firstIndent0 fontsize10" id="yefff4c91-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><content>Paragraph (8) of section 30B(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>vehicle)., except that</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>vehicle), except that</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c92-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><content>Subparagraph (A) of section 38(c)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>credit credit</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>credit</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c93-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><content>Section 46 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> a comma at the end of paragraph (4).<page identifier="/us/stat/128/4036">128 STAT. 4036</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c94-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/d" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><content>Subparagraph (E) of section 50(a)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefff4c95-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s50">26 USC 50</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 48D(b)(4)</quotedText>” after “<quotedText>in section 48(b)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c96-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/e" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><content>Clause (i) of section 54A(d)(2)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>100 percent or more</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>100 percent</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c97-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/f" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><content>Paragraph (2) of section 125(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>statutory nontaxable benefits</quotedText>” each place it appears and <amendingAction type="insert">inserting</amendingAction> “<quotedText>qualified benefits</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c98-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/g" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">(g) </num><content>Paragraph (2) of section 125(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>means, any</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>means any</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c99-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/h" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">(h) </num><content>Subparagraph (F) of section 163(h)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>Veterans Administration or the Rural Housing Administration</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Department of Veterans Affairs or the Rural Housing Service</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c9a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/i" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>Subsection (a) of section 249 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>1563(a)(1)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>1563(a)(1))</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c9b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/j" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="j">(j) </num><content>Paragraphs (8) and (10) of section 280F(d) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (a)(2)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (a)(1)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c9c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/k" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="k">(k) </num><content>Clause (iii) of section 402A(c)(4)(E) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>403(b)(7)(A)(i)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>403(b)(7)(A)(ii)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4c9d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/l" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="l">(l) </num><chapeau>Section 527 <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yefff4c9e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/l/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(<ref href="/us/usc/t2/s432/e">2 U.S.C. 432(e)</ref>)</quotedText>” in subsection (h)(2)(A)(i) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(<ref href="/us/usc/t52/s30102/e">52 U.S.C. 30102(e)</ref>)</quotedText>”, and</content></paragraph> <paragraph class="fontsize10" id="yefff4c9f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/l/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(<ref href="/us/usc/t2/s431/etseq">2 U.S.C. 431 et seq.</ref>)</quotedText>” in subsections (i)(6) and (j)(5)(A) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(<ref href="/us/usc/t52/s30101/etseq">52 U.S.C. 30101 et seq.</ref>)</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/m" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="m">(m) </num><content>Subsection (b) of section 858 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>857(b)(8)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>857(b)(9)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/n" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="n">(n) </num><content>Subparagraph (A) of section 1012(c)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 1012</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>this section</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/o" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="o">(o) </num><content>The heading for section 1394(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">Designated Under Section </headingText>1391(g)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/p" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="p">(p) </num><content>Paragraphs (1) and (2)(A) of section 1394(f) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>a new empowerment zone facility bond</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>an empowerment zone facility bond</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/q" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="q">(q) </num><content>Clause (i) of section 1400N(c)(3)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 42(d)(5)(C)(iii)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 42(d)(5)(B)(iii)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/r" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="r">(r) </num><content>Subsections (e)(3)(B) and (f)(7)(B) of section 4943 are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 1970</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>January 1, 1971</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/s" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="s">(s) </num><content>Paragraph (2) of section 4982(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> a comma at the end.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/t" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="t">(t) </num><content>Paragraph (3) of section 6011(e) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>shall require than</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>shall require that</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/u" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="u">(u) </num><content>Subsection (b) of section 6072 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>6011(e)(2)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>6011(c)(2)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4ca9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/v" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="v">(v) </num><content>Subsection (d) of section 6104 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="redesignate">redesignating</amendingAction> the second paragraph (6) (relating to disclosure of reports by the Internal Revenue Service) and third paragraph (6) (relating to application to nonexempt charitable trusts and nonexempt private foundations) as paragraphs (7) and (8), respectively.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4caa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/w" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="w">(w) </num><content>Subsection (c) of section 6662A <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 6664(d)(2)(A)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 6664(d)(3)(A)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4cab-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/x" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="x">(x) </num><content>Subparagraph (FF) of section 6724(d)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 6050W(c)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 6050W(f)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4cac-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/y" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="y">(y) </num><content>Section 7122 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="redesignate">redesignating</amendingAction> the second subsection (f) (relating to frivolous submissions, etc.) as subsection (g).<page identifier="/us/stat/128/4037">128 STAT. 4037</page></content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4cad-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/z" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="z">(z) </num><content>Subsection (a) of section 9035<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefff4cae-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s9035">26 USC 9035</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 320(b)(1)(A)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 315(b)(1)(A)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4caf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/aa" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="aa">(aa) </num><content>Section 9802 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="redesignate">redesignating</amendingAction> the second subsection (f) (relating to genetic information of a fetus or embryo) as subsection (g).</content></subsection> <subsection class="firstIndent0 fontsize10" id="yefff4cb0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s220/bb" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="bb">(bb) </num><content>Paragraph (3) of section 13(e) of the Worker, Homeownership, and Business Assistance Act of 2009<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xefff4cb1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s56">26 USC 56 note</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (d)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (c)</quotedText>”.</content></subsection> </section> <section id="d270244e6908" identifier="/us/pl/113/295/dA/tII/s221" style="-uslm-lc:I658143"><num class="fontsize12" value="221">SEC. 221. </num><heading>DEADWOOD PROVISIONS.</heading><subsection class="firstIndent0 fontsize10" id="yf00ba8c2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><paragraph class="fontsize10" id="yf00ba8c3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">Adjustments in tax tables so that inflation will not result in tax increases</inline>.—</heading><content>Paragraph (7) of section 1(f) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf00bcfd4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">“(7) </num><heading class="fontsize10"><inline class="smallCaps">Special rule for certain brackets</inline>.—</heading><content>In prescribing tables under paragraph (1) which apply to taxable years beginning in a calendar year after 1994, the cost-of-living adjustment used in making adjustments to the dollar amounts at which the 36 percent rate bracket begins or at which the 39.6 percent rate bracket begins shall be determined under paragraph (3) by substituting ‘1993’ for ‘1992’.”</content></paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00bcfd5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Certain plug-in electric vehicles</inline>.—</heading><subparagraph class="fontsize10" id="yf00bcfd6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/2/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bcfd7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26">26 USC </ref>prec. 27.</p></sidenote><content>Subpart B of part IV of subchapter A of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 30 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subpart).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcfd8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/2/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subsection (b) of section 38, as amended by section 209(f)(1) of this Act, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>plus</quotedText>” at the end of paragraph (35), by <amendingAction type="delete">striking</amendingAction> paragraph (36), and by <amendingAction type="redesignate">redesignating</amendingAction> paragraph (37) as paragraph (36).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcfd9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/2/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Subclause (VI) of section 48C(c)(1)(A)(i) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, qualified plug-in electric vehicles (as defined by section 30(d)),</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcfda-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/2/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Section 1016(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (25).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcfdb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/2/E" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E) </num><content>Section 6501(m) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 30(e)(6),</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bcfdc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/3" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><heading class="fontsize10"><inline class="smallCaps">Earned income credit</inline>.—</heading><subparagraph class="fontsize10" id="yf00bcfdd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/3/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Paragraph (1) of section 32(b) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00bcfde-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/3/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraphs (B) and (C), and</content></clause> <clause class="fontsize10" id="yf00bcfdf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/3/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(A) <headingText class="smallCaps">In General</headingText>.—In the case of taxable years beginning after 1995:</quotedText>” in subparagraph (A) and moving the table 2 ems to the left.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00bcfe0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/3/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subparagraph (B) of section 32(b)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>increased by</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>increased by $3,000.</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bcfe1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/4" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><heading class="fontsize10"><inline class="smallCaps">First-time homebuyer credit</inline>.—</heading><content>Section 6213(g)(2), as amended by section 214(a)(2) of this Act, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (P).</content></paragraph> <paragraph class="fontsize10" id="yf00bcfe2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/5" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">(5) </num><heading class="fontsize10"><inline class="smallCaps">Making work pay credit</inline>.—</heading><subparagraph class="fontsize10" id="yf00bcfe3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/5/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bcfe4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26">26 USC </ref>prec. 31.</p></sidenote><content>Subpart C of part IV of subchapter A of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 36A (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subpart).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcfe5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/5/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subparagraph (A) of section 6211(b)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 36A</quotedText>”.<page identifier="/us/stat/128/4038">128 STAT. 4038</page></content></subparagraph> <subparagraph class="fontsize10" id="yf00bcfe6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/5/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Section 6213(g)(2)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bcfe7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6213">26 USC 6213</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (N).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bcfe8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/6" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">(6) </num><heading class="fontsize10"><inline class="smallCaps">General business credits</inline>.—</heading><content>Subsection (d) of section 38 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (3).</content></paragraph> <paragraph class="fontsize10" id="yf00bcfe9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/7" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">(7) </num><heading class="fontsize10"><inline class="smallCaps">Low-income housing credit</inline>.—</heading><content>Subclause (I) of section 42(h)(3)(C)(ii) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>($1.50 for 2001)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bcfea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/8" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="8">(8) </num><heading class="fontsize10"><inline class="smallCaps">Minimum tax credit</inline>.—</heading><subparagraph class="fontsize10" id="yf00bcfeb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/8/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A)</num><clause class="inline" id="yf00bcfec-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/8/A/i" role="instruction"><num value="i">(i) </num><content>Section 53 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsections (e) and (f).</content></clause> <clause class="indentUp0 fontsize10" id="yf00bcfed-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/8/A/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>The amendment made by clause (i) <amendingAction type="delete">striking</amendingAction> subsection (f) of section 53 of the Internal Revenue Code of 1986 shall not be construed to allow any tax abated by reason of section 53(f)(1) of such Code (as in effect before such amendment) to be included in the amount determined under section 53(b)(1) of such Code.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00bcfee-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/8/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (4) of section 6211(b)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 53(e)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bcfef-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/9" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="9">(9) </num><heading class="fontsize10"><inline class="smallCaps">Adjustments based on adjusted current earnings</inline>.—</heading><content>Clause (ii) of section 56(g)(4)(F) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>In the case of any taxable year beginning after December 31, 1992, clause</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Clause</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bcff0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/10" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="10">(10) </num><heading class="fontsize10"><inline class="smallCaps">Items of tax preference; depletion</inline>.—</heading><content>Paragraph (1) of section 57(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>Effective with respect to taxable years beginning after December 31, 1992, this</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>This</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bcff1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/11" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="11">(11) </num><heading class="fontsize10"><inline class="smallCaps">Intangible drilling costs</inline>.—</heading><subparagraph class="fontsize10" id="yf00bcff2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/11/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Clause (i) of section 57(a)(2)(E) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>In the case of any taxable year beginning after December 31, 1992, this</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>This</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcff3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/11/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Clause (ii) of section 57(a)(2)(E) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(30 percent in case of taxable years beginning in 1993)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bcff4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="12">(12) </num><heading class="fontsize10"><inline class="smallCaps">Environmental tax</inline>.—</heading><subparagraph class="fontsize10" id="yf00bcff5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subchapter A of chapter 1<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bcff6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00bcff7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 59A.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> part VII (and by <amendingAction type="delete">striking</amendingAction> the item relating to such part in the table of parts for such subchapter).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcff8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (2) of section 26(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (B).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcff9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Section 30A(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (1) and by <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (2), (3), and (4) as paragraphs (1), (2), and (3), respectively.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcffa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Subsection (a) of section 164 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (5).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcffb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/E" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E) </num><content>Section 275(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the last sentence.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcffc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/F" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">(F) </num><content>Section 882(a)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 59A</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcffd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/G" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="G">(G) </num><content>Section 936(a)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (A) and by <amendingAction type="redesignate">redesignating</amendingAction> subparagraphs (B), (C), and (D) as subparagraphs (A), (B), and (C), respectively.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bcffe-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/H" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="H">(H) </num><chapeau>Section 1561(a) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00bcfff-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/H/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="insert">inserting</amendingAction> “<quotedText>and</quotedText>” at the end of paragraph (2), by <amendingAction type="delete">striking</amendingAction> “<quotedText>, and</quotedText>” at the end of paragraph (3) and <amendingAction type="insert">inserting</amendingAction> a period, and by <amendingAction type="delete">striking</amendingAction> paragraph (4), and</content></clause> <clause class="fontsize10" id="yf00bd000-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/H/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>, the amount specified in paragraph (3), and the amount specified in paragraph (4)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>and the amount specified in paragraph (3)</quotedText>”.<page identifier="/us/stat/128/4039">128 STAT. 4039</page></content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00bd001-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/I" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><chapeau>Section 4611(e)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bd002-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4611">26 USC 4611</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00bd003-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/I/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 59A, this section,</quotedText>” in paragraph (2)(B) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>this section</quotedText>”, and</content></clause> <clause class="fontsize10" id="yf00bd004-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/I/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><chapeau>in paragraph (3)(A)—</chapeau><subclause class="fontsize10" id="yf00bd005-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/I/ii/I" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 59A,</quotedText>”, and</content></subclause> <subclause class="fontsize10" id="yf00bd006-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/I/ii/II" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="delete">striking</amendingAction> the comma after “<quotedText>rate)</quotedText>”.</content></subclause> </clause> </subparagraph> <subparagraph class="fontsize10" id="yf00bd007-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/J" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="J">(J) </num><content>Section 6425(c)(1)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>plus</quotedText>” at end of clause (i), by <amendingAction type="delete">striking</amendingAction> “<quotedText>plus</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>over</quotedText>” at the end of clause (ii), and by <amendingAction type="delete">striking</amendingAction> clause (iii).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bd008-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/K" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="K">(K) </num><chapeau>Section 6655 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00bd009-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/K/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>in subsections (e)(2)(A)(i) and (e)(2)(B)(i), by <amendingAction type="delete">striking</amendingAction> “<quotedText>taxable income, alternative minimum taxable income, and modified alternative minimum taxable income</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>taxable income and alternative minimum taxable income</quotedText>”,</content></clause> <clause class="fontsize10" id="yf00bd00a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/K/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>in subsection (e)(2)(B), by <amendingAction type="delete">striking</amendingAction> clause (iii), and</content></clause> <clause class="fontsize10" id="yf00bd00b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/K/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>in subsection (g)(1)(A), by <amendingAction type="insert">inserting</amendingAction> “<quotedText>plus</quotedText>” at the end of clause (ii), by <amendingAction type="delete">striking</amendingAction> clause (iii), and by <amendingAction type="redesignate">redesignating</amendingAction> clause (iv) as clause (iii).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00bd00c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/12/L" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="L">(L) </num><content>Section 9507(b)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>59A,</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bd00d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/13" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="13">(13) </num><heading class="fontsize10"><inline class="smallCaps">Standard deduction</inline>.—</heading><subparagraph class="fontsize10" id="yf00bd00e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/13/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>So much of paragraph (1) of section 63(c) as follows “the sum of—” <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="indentUp0 fontsize10" id="yf00bf71f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>the basic standard deduction, and</content></subparagraph> <subparagraph class="indentUp0 fontsize10" id="yf00bf720-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>the additional standard deduction.”</content></subparagraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf721-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/13/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subsection (c) of section 63 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraphs (7), (8), and (9).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bf722-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/14" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="14">(14) </num><heading class="fontsize10"><inline class="smallCaps">Annuities; certain proceeds of endowment and life insurance contracts</inline>.—</heading><chapeau>Section 72 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00bf723-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/14/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>in subsection (c)(4), by <amendingAction type="delete">striking</amendingAction> “<quotedText>; except that if such date was before January 1, 1954, then the annuity starting date is January 1, 1954</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf724-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/14/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>in subsection (g)(3), by <amendingAction type="delete">striking</amendingAction> “<quotedText>January 1, 1954, or</quotedText>” and “<quotedText>, whichever is later</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bf725-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/15" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="15">(15) </num><heading class="fontsize10"><inline class="smallCaps">Unemployment compensation</inline>.—</heading><content>Section 85 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (c).</content></paragraph> <paragraph class="fontsize10" id="yf00bf726-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/16" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="16">(16) </num><heading class="fontsize10"><inline class="smallCaps">Accident and health plans</inline>.—</heading><content>Section 105(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>or (d)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bf727-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/17" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="17">(17) </num><heading class="fontsize10"><inline class="smallCaps">Flexible spending arrangements</inline>.—</heading><content>Section 106(c)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>Effective on and after January 1, 1997, gross</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Gross</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bf728-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/18" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="18">(18) </num><heading class="fontsize10"><inline class="smallCaps">Certain combat zone compensation of members of the armed forces</inline>.—</heading><chapeau>Subsection (c) of section 112 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00bf729-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/18/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(after June 24, 1950)</quotedText>” in paragraph (2), and</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf72a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/18/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>such zone;</quotedText>” and all that follows in paragraph (3) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>such zone.</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bf72b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="19">(19) </num><heading class="fontsize10"><inline class="smallCaps">Legal service plans</inline>.—</heading><subparagraph class="fontsize10" id="yf00bf72c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bf72d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00bf72e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 101.</p></sidenote><content>Part III of subchapter B of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 120 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subpart).</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf72f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B)</num><clause class="inline" id="yf00bf730-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/i" role="instruction"><num value="i">(i) </num><content>Section 414(n)(3)(C) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>120,</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00bf731-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Section 414(t)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>120,</quotedText>”.<page identifier="/us/stat/128/4040">128 STAT. 4040</page></content></clause> <clause class="indentUp0 fontsize10" id="yf00bf732-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/iii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>Section 501(c)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bf733-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s501">26 USC 501</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (20).</content></clause> <clause class="indentUp0 fontsize10" id="yf00bf734-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/iv" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="iv">(iv) </num><content>Section 3121(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (17).</content></clause> <clause class="indentUp0 fontsize10" id="yf00bf735-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/v" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="v">(v) </num><content>Section 3231(e) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (7).</content></clause> <clause class="indentUp0 fontsize10" id="yf00bf736-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/vi" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="vi">(vi) </num><content>Section 3306(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (12).</content></clause> <clause class="indentUp0 fontsize10" id="yf00bf737-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/vii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="vii">(vii) </num><content>Section 6039D(d)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>120,</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00bf738-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/viii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="viii">(viii) </num><chapeau>Section 209(a)(14) of the Social Security Act<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00bf739-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s409">26 USC 409</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><subclause class="fontsize10" id="yf00bf73a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/viii/I" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraph (B), and</content></subclause> <subclause class="fontsize10" id="yf00bf73b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/19/B/viii/II" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(14)(A)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(14)</quotedText>”.</content></subclause> </clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bf73c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/20" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="20">(20) </num><heading class="fontsize10"><inline class="smallCaps">Principal residence</inline>.—</heading><chapeau>Section 121(b)(3) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00bf73d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/20/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraph (B), and</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf73e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/20/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>in subparagraph (A), by <amendingAction type="delete">striking</amendingAction> “<quotedText>(A) <headingText class="smallCaps">In general</headingText>.—</quotedText>” and moving the text 2 ems to the left.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bf73f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/21" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="21">(21) </num><heading class="fontsize10"><inline class="smallCaps">Certain reduced uniformed services retirement pay</inline>.—</heading><content>Section 122(b)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1965,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bf740-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/22" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="22">(22) </num><heading class="fontsize10"><inline class="smallCaps">Great plains conservation program</inline>.—</heading><content>Section 126(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (6) and by <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (7), (8), (9), and (10) as paragraphs (6), (7), (8), and (9), respectively.</content></paragraph> <paragraph class="fontsize10" id="yf00bf741-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/23" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="23">(23) </num><heading class="fontsize10"><inline class="smallCaps">Treble damage payments under the antitrust law</inline>.—</heading><content>Section 162(g) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the last sentence.</content></paragraph> <paragraph class="fontsize10" id="yf00bf742-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/24" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="24">(24) </num><heading class="fontsize10"><inline class="smallCaps">State legislators’ travel expenses away from home</inline>.—</heading><content>Paragraph (4) of section 162(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>For taxable years beginning after December 31, 1980, this</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>This</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00bf743-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/25" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="25">(25) </num><heading class="fontsize10"><inline class="smallCaps">Interest</inline>.—</heading><subparagraph class="fontsize10" id="yf00bf744-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/25/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Section 163 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00bf745-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/25/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (6) of subsection (d), and</content></clause> <clause class="fontsize10" id="yf00bf746-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/25/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (5) of subsection (h).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00bf747-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/25/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 56(b)(1)(C) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> clause (ii) and by <amendingAction type="redesignate">redesignating</amendingAction> clauses (iii), (iv), and (v) as clauses (ii), (iii), and (iv), respectively.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00bf748-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/26" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="26">(26) </num><heading class="fontsize10"><inline class="smallCaps">Qualified motor vehicle taxes</inline>.—</heading><content>Section 164, as amended by section 209(c) of this Act, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsections (a)(6) and (b)(6).</content></paragraph> <paragraph class="fontsize10" id="yf00bf749-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="27">(27) </num><heading class="fontsize10"><inline class="smallCaps">Disaster losses</inline>.—</heading><subparagraph class="fontsize10" id="yf00bf74a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subsection (h) of section 165 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (3) and by <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (4) and (5) as paragraphs (3) and (4), respectively.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf74b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (3) of section 165(h), as so redesignated, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>paragraphs (2) and (3)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>paragraph (2)</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00bf74c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><chapeau>Subsection (i) of section 165 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00bf74d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/C/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><chapeau>in paragraph (1)—</chapeau><subclause class="fontsize10" id="yf00bf74e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/C/i/I" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(as defined by clause (ii) of subsection (h)(3)(C))</quotedText>”, and</content></subclause> <subclause class="fontsize10" id="yf00bf74f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/C/i/II" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(as defined by clause (i) of such subsection)</quotedText>”,</content></subclause> </clause> <clause class="fontsize10" id="yf00bf750-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/C/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(as defined by subsection (h)(3)(C)(i)</quotedText>” in paragraph (4), and</content></clause> <clause class="fontsize10" id="yf00bf751-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/C/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<page identifier="/us/stat/128/4041">128 STAT. 4041</page> <quotedContent><paragraph class="indentDown2 fontsize10" id="yf00c1e62-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c1e63-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Definitions.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Federally declared disasters</inline>.—</heading><chapeau>For purposes of this subsection—</chapeau><subparagraph class="fontsize10" id="yf00c1e64-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The term ‘<term>Federally declared disaster</term>’ means any disaster subsequently determined by the President of the United States to warrant assistance by the Federal Government under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c1e65-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Disaster area</inline>.—</heading><content>The term ‘<term>disaster area</term>’ means the area so determined to warrant such assistance.”</content></subparagraph> </paragraph> </quotedContent>.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00c1e66-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/27/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Section 1033(h)(3)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c1e67-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1033">26 USC 1033</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 165(h)(3)(C)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 165(i)(5)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c1e68-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/28" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="28">(28) </num><heading class="fontsize10"><inline class="smallCaps">Charitable, etc., contributions and gifts</inline>.—</heading><chapeau>Section 170 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00c1e69-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/28/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (3) of subsection (b),</content></subparagraph> <subparagraph class="fontsize10" id="yf00c1e6a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/28/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (6) of subsection (e), and</content></subparagraph> <subparagraph class="fontsize10" id="yf00c1e6b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/28/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>by <amendingAction type="delete">striking</amendingAction> subsection (k).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c1e6c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/29" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="29">(29) </num><heading class="fontsize10"><inline class="smallCaps">Amortizable bond premium</inline>.—</heading><subparagraph class="fontsize10" id="yf00c1e6d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/29/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subparagraph (B) of section 171(b)(1) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="indentUp0 fontsize10" id="yf00c1e6e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B)</num><clause class="inline" id="yf00c1e6f-e87c-11f0-a1e4-69761a48a15a"><num value="i">(i) </num><content>with reference to the amount payable on maturity (or if it results in a smaller amortizable bond premium attributable to the period before the call date, with reference to the amount payable on the earlier call date), in the case of a bond described in subsection (a)(1), and</content></clause> <clause class="indentUp0 fontsize10" id="yf00c1e70-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>with reference to the amount payable on maturity or on an earlier call date, in the case of a bond described in subsection (a)(2).”</content></clause> </subparagraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c1e71-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/29/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraphs (2) and (3)(B) of section 171(b) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>paragraph (1)(B)(ii)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>paragraph (1)(B)(i)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c1e72-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="30">(30) </num><heading class="fontsize10"><inline class="smallCaps">Net operating loss carrybacks, carryovers, and carryforwards</inline>.—</heading><subparagraph class="fontsize10" id="yf00c1e73-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Section 172, as amended by section 211(c)(1)(B) of this Act, <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00c1e74-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraphs (D), (H), (I), and (J) of subsection (b)(1) and by <amendingAction type="redesignate">redesignating</amendingAction> subparagraphs (E), (F), and (G) as subparagraphs (D), (E), and (F), respectively, and</content></clause> <clause class="fontsize10" id="yf00c1e75-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> subsections (g) and (j) and by <amendingAction type="redesignate">redesignating</amendingAction> subsections (h), (i), and (k) as subsections (g), (h), and (i), respectively.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00c1e76-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><chapeau>Each of the following provisions of section 172 (as amended by section 211(c)(1)(B) of this Act and as redesignated by subparagraph (A)) are amended as follows:</chapeau><clause class="fontsize10" id="yf00c1e77-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/i" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>ending after August 2, 1989</quotedText>” in subsection (b)(1)(D)(i)(II).</content></clause> <clause class="fontsize10" id="yf00c1e78-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/ii" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (h)</quotedText>” in subsection (b)(1)(D)(ii) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (g)</quotedText>”.</content></clause> <clause class="fontsize10" id="yf00c1e79-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/iii" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>section 165(h)(3)(C)(i)</quotedText>” in subsection (b)(1)(E)(ii)(II) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 165(i)(5)</quotedText>”.</content></clause> <clause class="fontsize10" id="yf00c1e7a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/iv" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iv">(iv) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (i)</quotedText>” and all that follows in the last sentence of subsection (b)(1)(E)(ii) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (h)).</quotedText>”.</content></clause> <clause class="fontsize10" id="yf00c1e7b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/v" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="v">(v) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (i)</quotedText>” in subsection (b)(1)(F) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (h)</quotedText>”.</content></clause> <clause class="fontsize10" id="yf00c1e7c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/vi" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="vi">(vi) </num><content>By <amendingAction type="delete">striking</amendingAction> subparagraph (F) of paragraph (2) of subsection (g).<page identifier="/us/stat/128/4042">128 STAT. 4042</page></content></clause> <clause class="fontsize10" id="yf00c1e7d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/vii" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="vii">(vii) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (b)(1)(E)</quotedText>” each place it appears in subsection (g)(4) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (b)(1)(D)</quotedText>”.</content></clause> <clause class="fontsize10" id="yf00c1e7e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/viii" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="viii">(viii) </num><content>By <amendingAction type="delete">striking</amendingAction> the last sentence of subsection (h)(1).</content></clause> <clause class="fontsize10" id="yf00c1e7f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/B/ix" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ix">(ix) </num><content>By <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (b)(1)(G)</quotedText>” each place it appears in subsection (h)(3) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (b)(1)(F)</quotedText>”.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00c1e80-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Subsection (d) of section 56<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c1e81-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s56">26 USC 56</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (3).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c1e82-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/30/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Paragraph (5) of section 382(l) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (F) and by <amendingAction type="redesignate">redesignating</amendingAction> subparagraphs (G) and (H) as subparagraphs (F) and (G), respectively.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c1e83-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/31" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="31">(31) </num><heading class="fontsize10"><inline class="smallCaps">Research and experimental expenditures</inline>.—</heading><content>Subparagraph (A) of section 174(a)(2) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="fontsize10" id="yf00c1e84-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">Without consent</inline>.—</heading><content>A taxpayer may, without the consent of the Secretary, adopt the method provided in this subsection for his first taxable year for which expenditures described in paragraph (1) are paid or incurred.”</content></subparagraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00c4595-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/32" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="32">(32) </num><heading class="fontsize10"><inline class="smallCaps">Amortization of certain research and experimental expenditures</inline>.—</heading><content>Paragraph (2) of section 174(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning after December 31, 1953</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00c4596-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/33" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="33">(33) </num><heading class="fontsize10"><inline class="smallCaps">Soil and water conservation expenditures</inline>.—</heading><content>Paragraph (1) of section 175(d) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf00c4597-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">Without consent</inline>.—</heading><content>A taxpayer may, without the consent of the Secretary, adopt the method provided in this section for the taxpayer’s first taxable year for which expenditures described in subsection (a) are paid or incurred.”</content></paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00c4598-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="34">(34) </num><heading class="fontsize10"><inline class="smallCaps">Clean-fuel vehicles</inline>.—</heading><subparagraph class="fontsize10" id="yf00c4599-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c459a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00c459b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 161.</p></sidenote><content>Part VI of subchapter A of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 179A (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such part).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c459c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 30C(e) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following:<quotedContent><paragraph class="indentDown1 fontsize10" id="yf00c459d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">“(7) </num><heading class="fontsize10"><inline class="smallCaps">Reference</inline>.—</heading><content>For purposes of this section, any reference to section 179A shall be treated as a reference to such section as in effect immediately before its repeal.”</content></paragraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c459e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Section 62(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (14).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c459f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Section 263(a)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (H).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c45a0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/E" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E) </num><content>Section 280F(a)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (C).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c45a1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/F" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">(F) </num><content>Section 312(k)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>179A,</quotedText>” each place it appears.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c45a2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/G" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="G">(G) </num><content>Section 1016(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (24).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c45a3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/34/H" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="H">(H) </num><content>Section 1245(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>179A,</quotedText>” each place it appears in paragraphs (2)(C) and (3)(C).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c45a4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/35" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="35">(35) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c45a5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00c45a6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 161.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Qualified disaster expenses</inline>.—</heading><content>Part VI of subchapter A of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 198A (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such part).</content></paragraph> <paragraph class="fontsize10" id="yf00c45a7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/36" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="36">(36) </num><heading class="fontsize10"><inline class="smallCaps">Activities not engaged in for profit</inline>.—</heading><content>Section 183(e)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the last sentence.<page identifier="/us/stat/128/4043">128 STAT. 4043</page></content></paragraph> <paragraph class="fontsize10" id="yf00c45a8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/37" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="37">(37) </num><heading class="fontsize10"><inline class="smallCaps">Domestic production activities</inline>.—</heading><subparagraph class="fontsize10" id="yf00c45a9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/37/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Subsection (a) of section 199<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c45aa-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s199">26 USC 199</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00c45ab-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/37/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (2),</content></clause> <clause class="fontsize10" id="yf00c45ac-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/37/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="redesignate">redesignating</amendingAction> subparagraphs (A) and (B) of paragraph (1) as paragraphs (1) and (2), respectively, and by moving paragraphs (1) and (2) (as so redesignated) 2 ems to the left, and</content></clause> <clause class="fontsize10" id="yf00c45ad-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/37/A/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">Allowance of Deduction.</headingText>—</quotedText>” and all that follows through “<quotedText>There shall be allowed</quotedText>” and <amendingAction type="insert">inserting</amendingAction> the following:<quotedContent><subsection class="indentDown3 firstIndent0 fontsize10" id="yf00c45ae-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">“(a) </num><heading class="fontsize10"><inline class="smallCaps">Allowance of Deduction</inline>.—</heading><content>There shall be allowed”</content></subsection> </quotedContent>.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00c45af-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/37/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraphs (2) and (6)(B) of section 199(d) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>(a)(1)(B)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(a)(2)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c45b0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="38">(38) </num><heading class="fontsize10"><inline class="smallCaps">Retirement savings</inline>.—</heading><subparagraph class="fontsize10" id="yf00c45b1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subparagraph (A) of section 219(b)(5) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="indentUp0 fontsize10" id="yf00c45b2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The deductible amount is $5,000.”</content></subparagraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c45b3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Clause (ii) of section 219(b)(5)(B) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="indentUp1 fontsize10" id="yf00c6cc4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><heading class="fontsize10"><inline class="smallCaps">Applicable amount</inline>.—</heading><content>For purposes of clause (i), the applicable amount is $1,000.”</content></subsection> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c6cc5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Paragraph (5) of section 219(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (C) and by <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (D) as subparagraph (C).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c6cc6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Clause (ii) of section 219(g)(2)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>for a taxable year beginning after December 31, 2006</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c6cc7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38/E" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E) </num><content>Section 219(g)(3)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> clauses (i) and (ii) and <amendingAction type="insert">inserting</amendingAction> the following:<quotedContent><clause class="fontsize10" id="yf00c6cc8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>In the case of a taxpayer filing a joint return, $80,000.</content></clause> <clause class="fontsize10" id="yf00c6cc9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>In the case of any other taxpayer (other than a married individual filing a separate return), $50,000.”</content></clause> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c6cca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/38/F" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">(F) </num><content>Paragraph (8) of section 219(g) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the dollar amount in the last row of the table contained in paragraph (3)(B)(i), the dollar amount in the last row of the table contained in paragraph (3)(B)(ii), and the dollar amount contained in paragraph (7)(A),</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>each of the dollar amounts in paragraphs (3)(B)(i), (3)(B)(ii), and (7)(A)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c6ccb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/39" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="39">(39) </num><heading class="fontsize10"><inline class="smallCaps">Reports regarding qualified voluntary retirement contributions</inline>.—</heading><subparagraph class="fontsize10" id="yf00c6ccc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/39/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 219 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (4) of subsection (f) and subsection (h).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c6ccd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/39/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 6652 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (g).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00c6cce-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/40" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="40">(40) </num><heading class="fontsize10"><inline class="smallCaps">Interest on education loans</inline>.—</heading><content>Paragraph (1) of section 221(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>shall not exceed</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>shall not exceed $2,500.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00c6ccf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="41">(41) </num><heading class="fontsize10"><inline class="smallCaps">Dividends received on certain preferred stock; and dividends paid on certain preferred stock of public utilities</inline>.—</heading><subparagraph class="fontsize10" id="yf00c6cd0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c6cd1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00c6cd2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 241.</p></sidenote><content>Sections 244 and 247 are hereby <amendingAction type="repeal">repealed</amendingAction>, and the table of sections for part VIII of subchapter B of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the items relating to sections 244 and 247.<page identifier="/us/stat/128/4044">128 STAT. 4044</page></content></subparagraph> <subparagraph class="fontsize10" id="yf00c6cd3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (5) of section 172(d)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00c6cd4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s172">26 USC 172</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentDown1 fontsize10" id="yf00c6cd5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><heading class="fontsize10"><inline class="smallCaps">Computation of deduction for dividends received</inline>.—</heading><content>The deductions allowed by section 243 (relating to dividends received by corporations) and 245 (relating to dividends received from certain foreign corporations) shall be computed without regard to section 246(b) (relating to limitation on aggregate amount of deductions).”</content></paragraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c6cd6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Paragraph (1) of section 243(c) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentDown1 fontsize10" id="yf00c93e7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>In the case of any dividend received from a 20-percent owned corporation, subsection (a)(1) shall be applied by substituting ‘80 percent’ for ‘70 percent’.”</content></paragraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00c93e8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Section 243(d) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (4).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c93e9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E) </num><chapeau>Section 246 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00c93ea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 244,</quotedText>” in subsection (a)(1),</content></clause> <clause class="fontsize10" id="yf00c93eb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><chapeau>in subsection (b)(1)—</chapeau><subclause class="fontsize10" id="yf00c93ec-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E/ii/I" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>sections 243(a)(1), 244(a),</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 243(a)(1)</quotedText>”,</content></subclause> <subclause class="fontsize10" id="yf00c93ed-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E/ii/II" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>244(a),</quotedText>” the second place it appears, and</content></subclause> <subclause class="fontsize10" id="yf00c93ee-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E/ii/III" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="III">(III) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (a) or (b) of section 245, and 247,</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>and subsection (a) or (b) of section 245,</quotedText>”, and</content></subclause> </clause> <clause class="fontsize10" id="yf00c93ef-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/E/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 244,</quotedText>” in subsection (c)(1).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00c93f0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/F" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">(F) </num><content>Section 246A <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 244,</quotedText>” both places it appears in subsections (a) and (e).</content></subparagraph> <subparagraph class="fontsize10" id="yf00c93f1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/G" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="G">(G) </num><content>Sections 263(g)(2)(B)(iii), 277(a), 301(e)(2), 469(e)(4), 512(a)(3)(A), subparagraphs (A), (C), and (D) of section 805(a)(4), 805(b)(5), 812(e)(2)(A), 815(c)(2)(A)(iii), 832(b)(5), 833(b)(3)(E), and 1059(b)(2)(B) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 244,</quotedText>” each place it appears.</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce112-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/H" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="H">(H) </num><content>Section 1244(c)(2)(C) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>244,</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce113-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/I" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>Section 805(a)(4)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, 244(a),</quotedText>” each place it appears.</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce114-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/J" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="J">(J) </num><content>Section 810(c)(2)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>244 (relating to dividends on certain preferred stock of public utilities),</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce115-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/41/K" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="K">(K) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00ce116-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s172">26 USC 172 note</ref>.</p></sidenote><content>The amendments made by this paragraph shall not apply to preferred stock issued before October 1, 1942 (determined in the same manner as under section 247 of the Internal Revenue Code of 1986 as in effect before its repeal by such amendments).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00ce117-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/42" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="42">(42) </num><heading class="fontsize10"><inline class="smallCaps">Organization expenses</inline>.—</heading><content>Section 248(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning after December 31, 1953,</quotedText>” and by <amendingAction type="delete">striking</amendingAction> the last sentence.</content></paragraph> <paragraph class="fontsize10" id="yf00ce118-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/43" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="43">(43) </num><heading class="fontsize10"><inline class="smallCaps">Bond repurchase premium</inline>.—</heading><content>Section 249(b)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>, in the case of bonds or other evidences of indebtedness issued after February 28, 1913,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00ce119-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/44" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="44">(44) </num><heading class="fontsize10"><inline class="smallCaps">Amount of gain where loss previously disallowed</inline>.—</heading><content>Section 267(d) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(or by reason of section 24(b) of the Internal Revenue Code of 1939)</quotedText>” in paragraph (1), by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1953,</quotedText>” in paragraph (2), by <amendingAction type="delete">striking</amendingAction> the second sentence, and by <amendingAction type="delete">striking</amendingAction> “<quotedText>or by reason of section 118 of the Internal Revenue Code of 1939</quotedText>” in the last sentence.<page identifier="/us/stat/128/4045">128 STAT. 4045</page></content></paragraph> <paragraph class="fontsize10" id="yf00ce11a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/45" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="45">(45) </num><heading class="fontsize10"><inline class="smallCaps">Acquisitions made to evade or avoid income tax</inline>.—</heading><content>Paragraphs (1) and (2) of section 269(a) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>or acquired on or after October 8, 1940,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00ce11b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/46" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="46">(46) </num><heading class="fontsize10"><inline class="smallCaps">Meals and entertainment</inline>.—</heading><chapeau>Paragraph (3) of section 274(n) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00ce11c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/46/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(A) <headingText class="smallCaps">In general</headingText>.—</quotedText>”,</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce11d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/46/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>substituting ‘the applicable percentage’ for</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>substituting ‘80 percent’ for</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce11e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/46/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraph (B).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00ce11f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="47">(47) </num><heading class="fontsize10"><inline class="smallCaps">Interest on indebtedness incurred by corporations to acquire stock or assets of another corporation</inline>.—</heading><subparagraph class="fontsize10" id="yf00ce120-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Section 279 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00ce121-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1967,</quotedText>” in subsection (a)(2),</content></clause> <clause class="fontsize10" id="yf00ce122-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after October 9, 1969,</quotedText>” in subsection (b),</content></clause> <clause class="fontsize10" id="yf00ce123-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/A/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after October 9, 1969, and</quotedText>” in subsection (d)(5), and</content></clause> <clause class="fontsize10" id="yf00ce124-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/A/iv" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iv">(iv) </num><content>by <amendingAction type="delete">striking</amendingAction> subsection (i) and <amendingAction type="redesignate">redesignating</amendingAction> subsection (j) as subsection (i).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00ce125-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><chapeau>The amendments made by this paragraph shall not—</chapeau><clause class="fontsize10" id="yf00ce126-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/B/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>apply to obligations issued on or before October 9, 1969 (determined in the same manner as under section 279 of the Internal Revenue Code of 1986 as in effect before such amendments), and</content></clause> <clause class="fontsize10" id="yf00ce127-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/47/B/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>be construed to require interest on obligations issued on or before December 31, 1967, to be taken into account under section 279(a)(2) of such Code (as in effect after such amendments).</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00ce128-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/48" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="48">(48) </num><heading class="fontsize10"><inline class="smallCaps">Bank holding companies</inline>.—</heading><subparagraph class="fontsize10" id="yf00ce129-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/48/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Clause (iii) of section 304(b)(3)(D) is <amendingAction type="repeal">repealed</amendingAction>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00ce12a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/48/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>The heading of subparagraph (D) of section 304(b)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">and special rule</headingText></quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00ce12b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/49" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="49">(49) </num><heading class="fontsize10"><inline class="smallCaps">Effect on earnings and profits</inline>.—</heading><content>Subsection (d) of section 312 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (2) and <amendingAction type="redesignate">redesignating</amendingAction> paragraph (3) as paragraph (2).</content></paragraph> <paragraph class="fontsize10" id="yf00ce12c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/50" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="50">(50) </num><heading class="fontsize10"><inline class="smallCaps">Disqualified stock</inline>.—</heading><content>Paragraph (3) of section 355(d) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after October 9, 1990, and</quotedText>” each place it appears.</content></paragraph> <paragraph class="fontsize10" id="yf00ce12d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/51" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="51">(51) </num><heading class="fontsize10"><inline class="smallCaps">Basis to corporations</inline>.—</heading><content>Section 362 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>on or after June 22, 1954</quotedText>” in subsection (a) and by <amendingAction type="delete">striking</amendingAction> “<quotedText>, on or after June 22, 1954,</quotedText>” each place it appears in subsection (c).</content></paragraph> <paragraph class="fontsize10" id="yf00ce12e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/52" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="52">(52) </num><heading class="fontsize10"><inline class="smallCaps">Temporary waiver of minimum required distribution</inline>.—</heading><content>Section 401(a)(9) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (H).</content></paragraph> <paragraph class="fontsize10" id="yf00ce12f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/53" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="53">(53) </num><heading class="fontsize10"><inline class="smallCaps">Individual retirement accounts</inline>.—</heading><content>Clause (i) of section 408(p)(2)(E) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><clause class="indentUp2 fontsize10" id="yf00d0840-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>For purposes of subparagraph (A)(ii), the applicable amount is $10,000.”</content></clause> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00d0841-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/54" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="54">(54) </num><heading class="fontsize10"><inline class="smallCaps">Tax credit employee stock ownership plans</inline>.—</heading><content>Section 409 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (q).</content></paragraph> <paragraph class="fontsize10" id="yf00d0842-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/55" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="55">(55) </num><heading class="fontsize10"><inline class="smallCaps">Catch-up contributions</inline>.—</heading><content>Clauses (i) and (ii) of section 414(v)(2)(B) are amended to read as follows:<page identifier="/us/stat/128/4046">128 STAT. 4046</page> <quotedContent><clause class="indentUp2 fontsize10" id="yf00d0843-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>In the case of an applicable employer plan other than a plan described in section 401(k)(11) or 408(p), the applicable dollar amount is $5,000.</content></clause> <clause class="indentUp2 fontsize10" id="yf00d0844-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>In the case of an applicable employer plan described in section 401(k)(11) or 408(p), the applicable dollar amount is $2,500.”</content></clause> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00d0845-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/56" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="56">(56) </num><heading class="fontsize10"><inline class="smallCaps">Employee stock purchase plans</inline>.—</heading><content>Section<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00d0846-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s423">26 USC 423</ref>.</p></sidenote> 423(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1963,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d0847-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="57">(57) </num><heading class="fontsize10"><inline class="smallCaps">Pension related transition rules</inline>.—</heading><subparagraph class="fontsize10" id="yf00d0848-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 402(g)(1)(B) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>shall be</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>is $15,000.</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d0849-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B)</num><clause class="inline" id="yf00d084a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/i" role="instruction"><num value="i">(i) </num><chapeau>Subparagraph (D) of section 417(e)(3) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subclause class="fontsize10" id="yf00d084b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/i/I" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> clauses (ii) and (iii),</content></subclause> <subclause class="fontsize10" id="yf00d084c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/i/II" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>if—</quotedText>” and all that follows through “<quotedText>section 430(h)(2)(D)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>if section 430(h)(2)(D)</quotedText>”, and</content></subclause> <subclause class="fontsize10" id="yf00d084d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/i/III" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="III">(III) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>described in such section,</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>described in such section.</quotedText>”.</content></subclause> </clause> <clause class="indentUp0 fontsize10" id="yf00d084e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><chapeau>Clause (iii) of section 205(g)(3)(B) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1055/g/3/B">29 U.S.C. 1055(g)(3)(B)</ref>) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subclause class="fontsize10" id="yf00d084f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/ii/I" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> subclauses (II) and (III),</content></subclause> <subclause class="fontsize10" id="yf00d0850-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/ii/II" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>if—</quotedText>” and all that follows through “<quotedText>section 303(h)(2)(D)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>if section 303(h)(2)(D)</quotedText>”, and</content></subclause> <subclause class="fontsize10" id="yf00d0851-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/B/ii/III" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="III">(III) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>described in such section,</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>described in such section.</quotedText>”.</content></subclause> </clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d0852-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C)</num><clause class="inline" id="yf00d0853-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/C/i" role="instruction"><num value="i">(i) </num><content>Paragraph (5) of section 430(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (B) and by <amendingAction type="delete">striking</amendingAction> “<quotedText>(A) <headingText class="smallCaps">In general</headingText>.—</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00d0854-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/C/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Paragraph (5) of section 303(c) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1083/c">29 U.S.C. 1083(c)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (B) and by <amendingAction type="delete">striking</amendingAction> “<quotedText>(A) <headingText class="smallCaps">In general</headingText>.—</quotedText>”.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d0855-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/D" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D)</num><clause class="inline" id="yf00d0856-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/D/i" role="instruction"><num value="i">(i) </num><content>Paragraph (2) of section 430(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (G).</content></clause> <clause class="indentUp0 fontsize10" id="yf00d0857-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/D/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Paragraph (2) of section 303(h) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1083/h">29 U.S.C. 1083(h)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (G).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d0858-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/E" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E)</num><clause class="inline" id="yf00d0859-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/E/i" role="instruction"><num value="i">(i) </num><content>Paragraph (3) of section 436(j), as added by section 113(a)(1)(B) of the Pension Protection Act of 2006, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraphs (B) and (C) and by <amendingAction type="delete">striking</amendingAction> “<quotedText>(A) <headingText class="smallCaps">In general</headingText>.—</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00d085a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/E/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Subparagraph (C) of section 206(g)(9) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1056/g/9">29 U.S.C. 1056(g)(9)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> clauses (ii) and (iii) and by <amendingAction type="delete">striking</amendingAction> “<quotedText>(i) <headingText class="smallCaps">In general</headingText>.—</quotedText>”.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d085b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/F" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">(F)</num><clause class="inline" id="yf00d085c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/F/i" role="instruction"><num value="i">(i) </num><content>Section 436(j) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the paragraph (3) added by section 203(a)(2) of the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.</content></clause> <clause class="indentUp0 fontsize10" id="yf00d085d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/F/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Section 206(g)(9) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1056/g/9">29 U.S.C. 1056(g)(9)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (D).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d085e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/G" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="G">(G)</num><clause class="inline" id="yf00d085f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/G/i" role="instruction"><num value="i">(i) </num><content>Section 436 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (m).<page identifier="/us/stat/128/4047">128 STAT. 4047</page></content></clause> <clause class="indentUp0 fontsize10" id="yf00d2f70-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/G/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Section 206(g) of the Employee Retirement Income Security Act of 1974 (<ref href="/us/usc/t29/s1056/g">29 U.S.C. 1056(g)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (11).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d2f71-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/57/H" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="H">(H) </num><content>Section 457(e)(15)(A)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00d2f72-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s457">26 USC 457</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>shall be</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>is $15,000.</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d2f73-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="58">(58) </num><heading class="fontsize10"><inline class="smallCaps">Limitation on deductions for certain farming</inline>.—</heading><subparagraph class="fontsize10" id="yf00d2f74-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 464 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>any farming syndicate (as defined in subsection (c))</quotedText>” both places it appears in subsections (a) and (b) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>any taxpayer to whom subsection (d) applies</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d2f75-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B)</num><clause class="inline" id="yf00d2f76-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/B/i"><num value="i">(i) </num><content>Subsection (c) of section 464 is hereby moved to the end of section 461<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00d2f77-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s464">26 USC 464</ref>, 461.</p></sidenote> and redesignated as subsection (j).</content></clause> <clause class="indentUp0 fontsize10" id="yf00d2f78-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/B/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><chapeau>Such subsection (j) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subclause class="fontsize10" id="yf00d2f79-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/B/ii/I" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>For purposes of this section</quotedText>” in paragraph (1) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>For purposes of subsection (i)(4)</quotedText>”, and</content></subclause> <subclause class="fontsize10" id="yf00d2f7a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/B/ii/II" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>by <amendingAction type="add">adding</amendingAction> at the end the following new paragraphs:<quotedContent><paragraph class="indentDown2 fontsize10" id="yf00d2f7b-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Farming</inline>.—</heading><content>For purposes of this subsection, the term ‘<term>farming</term>’ has the meaning given to such term by section 464(e).</content></paragraph> <paragraph class="indentDown2 fontsize10" id="yf00d2f7c-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Limited entrepreneur</inline>.—</heading><chapeau>For purposes of this subsection, the term ‘<term>limited entrepreneur</term>’ means a person who—</chapeau><subparagraph class="fontsize10" id="yf00d2f7d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>has an interest in an enterprise other than as a limited partner, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00d2f7e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>does not actively participate in the management of such enterprise.”</content></subparagraph> </paragraph> </quotedContent>.</content></subclause> </clause> <clause class="fontsize10" id="yf00d2f7f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/B/iii" role="instruction" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>Paragraph (4) of section 461(i) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 464(c)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (j)</quotedText>”.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d2f80-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><chapeau>Section 464 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00d2f81-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/C/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> subsections (e) and (g) and <amendingAction type="redesignate">redesignating</amendingAction> subsections (d) and (f) as subsections (c) and (d), respectively, and</content></clause> <clause class="fontsize10" id="yf00d2f82-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/C/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="indentDown3 firstIndent0 fontsize10" id="yf00d2f83-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Farming</inline>.—</heading><content>For purposes of this section, the term ‘<term>farming</term>’ means the cultivation of land or the raising or harvesting of any agricultural or horticultural commodity including the raising, shearing, feeding, caring for, training, and management of animals. For purposes of the preceding sentence, trees (other than trees bearing fruit or nuts) shall not be treated as an agricultural or horticultural commodity.”</content></subsection> </quotedContent>.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d5694-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><chapeau>Subsection (d) of section 464 of such Code (as redesignated by subparagraph (C)) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00d5695-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/D/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (1) and <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (2), (3), and (4) as paragraphs (1), (2), and (3), respectively, and</content></clause> <clause class="fontsize10" id="yf00d5696-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/D/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">Subsections (a) and (b) to Apply to</headingText></quotedText>” in the heading.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00d5697-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/58/E" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">(E) </num><content>Subparagraph (A) of section 58(a)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 464(c)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 461(j)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d5698-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/59" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="59">(59) </num><heading class="fontsize10"><inline class="smallCaps">Deductions limited to amount at risk</inline>.—</heading><content>Subparagraph (A) of section 465(c)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>In the case of taxable years beginning after December 31, 1978, this</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>This</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d5699-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/60" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="60">(60) </num><heading class="fontsize10"><inline class="smallCaps">Passive activity losses and credits limited</inline>.—</heading><page identifier="/us/stat/128/4048">128 STAT. 4048</page> <subparagraph class="fontsize10" id="yf00d569a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/60/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 469<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00d569b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s469">26 USC 469</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (m).</content></subparagraph> <subparagraph class="fontsize10" id="yf00d569c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/60/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subsection (b) of section 58 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> “<quotedText>and</quotedText>” at the end of paragraph (1), by <amendingAction type="delete">striking</amendingAction> paragraph (2), and by <amendingAction type="redesignate">redesignating</amendingAction> paragraph (3) as paragraph (2).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d569d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/61" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="61">(61) </num><heading class="fontsize10"><inline class="smallCaps">Adjustments required by changes in method of accounting</inline>.—</heading><content>Section 481(b)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (C).</content></paragraph> <paragraph class="fontsize10" id="yf00d569e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/62" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="62">(62) </num><heading class="fontsize10"><inline class="smallCaps">Exemption from tax on corporations, certain trusts, etc</inline>.—</heading><content>Section 501 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (s).</content></paragraph> <paragraph class="fontsize10" id="yf00d569f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/63" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="63">(63) </num><heading class="fontsize10"><inline class="smallCaps">Requirements for exemption</inline>.—</heading><subparagraph class="fontsize10" id="yf00d56a0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/63/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 503(a)(1) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentDown1 fontsize10" id="yf00d56a1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">General rule</inline>.—</heading><content>An organization described in paragraph (17) or (18) of section 501(c), or described in section 401(a) and referred to in section 4975(g) (2) or (3), shall not be exempt from taxation under section 501(a) if it has engaged in a prohibited transaction.”</content></paragraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d56a2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/63/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (2) of section 503(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>described in section 501(c)(17) or (18) or paragraph (a)(1)(B)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>described in paragraph (1)</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d56a3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/63/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Subsection (c) of section 503 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>described in section 501(c)(17) or (18) or subsection (a)(1)(B)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>described in subsection (a)(1)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d56a4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/64" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="64">(64) </num><heading class="fontsize10"><inline class="smallCaps">Accumulated taxable income</inline>.—</heading><content>Paragraph (1) of section 535(b) and paragraph (1) of section 545(b) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 531</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>section 531 or the personal holding company tax imposed by section 541.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d56a5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/65" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="65">(65) </num><heading class="fontsize10"><inline class="smallCaps">Definition of property</inline>.—</heading><chapeau>Subsection (b) of section 614 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00d56a6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/65/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraphs (3)(C) and (5), and</content></subparagraph> <subparagraph class="fontsize10" id="yf00d56a7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/65/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>in paragraph (4), by <amendingAction type="delete">striking</amendingAction> “<quotedText>whichever of the following years is later: The first taxable year beginning after December 31, 1963, or</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d56a8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/66" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="66">(66) </num><heading class="fontsize10"><inline class="smallCaps">Amounts received by surviving annuitant under joint and survivor annuity contract</inline>.—</heading><content>Subparagraph (A) of section 691(d)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1953, and</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d56a9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/67" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="67">(67) </num><heading class="fontsize10"><inline class="smallCaps">Income taxes of members of armed forces on death</inline>.—</heading><content>Section 692(a)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after June 24, 1950</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d56aa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/68" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="68">(68) </num><heading class="fontsize10"><inline class="smallCaps">Special rules for computing reserves</inline>.—</heading><content>Paragraph (7) of section 807(e) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (B) and <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (C) as subparagraph (B).</content></paragraph> <paragraph class="fontsize10" id="yf00d56ab-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/69" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="69">(69) </num><heading class="fontsize10"><inline class="smallCaps">Insurance company taxable income</inline>.—</heading><subparagraph class="fontsize10" id="yf00d56ac-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/69/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 832(e) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>of taxable years beginning after December 31, 1966,</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d56ad-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/69/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 832(e)(6) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>In the case of any taxable year beginning after December 31, 1970, the</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>The</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d56ae-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/70" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="70">(70) </num><heading class="fontsize10"><inline class="smallCaps">Capitalization of certain policy acquisition expenses</inline>.—</heading><content>Section 848 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (j).</content></paragraph> <paragraph class="fontsize10" id="yf00d56af-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/71" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="71">(71) </num><heading class="fontsize10"><inline class="smallCaps">Tax on nonresident alien individuals</inline>.—</heading><content>Subparagraph (B) of section 871(a)(1) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="fontsize10" id="yf00d56b0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>gains described in subsection (b) or (c) of section 631,”</content></subparagraph> </quotedContent>.<page identifier="/us/stat/128/4049">128 STAT. 4049</page></content></paragraph> <paragraph class="fontsize10" id="yf00d56b1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/72" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="72">(72) </num><heading class="fontsize10"><inline class="smallCaps">Limitation on credit</inline>.—</heading><content>Paragraph (2) of section 904(d) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (J).</content></paragraph> <paragraph class="fontsize10" id="yf00d56b2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/73" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="73">(73) </num><heading class="fontsize10"><inline class="smallCaps">Foreign earned income</inline>.—</heading><content>Clause (i) of section 911(b)(2)(D) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><clause class="indentUp2 fontsize10" id="yf00d56b3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The exclusion amount for any calendar year is $80,000.”</content></clause> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00d56b4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/74" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="74">(74) </num><heading class="fontsize10"><inline class="smallCaps">Basis of property acquired from decedent</inline>.—</heading><subparagraph class="fontsize10" id="yf00d56b5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/74/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Section 1014(a)(2) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><paragraph class="indentDown1 fontsize10" id="yf00d7dc6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><content>in the case of an election under section 2032, its value at the applicable valuation date prescribed by such section,”</content></paragraph> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d7dc7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/74/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 1014(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraphs (7) and (8).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d7dc8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/75" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="75">(75) </num><heading class="fontsize10"><inline class="smallCaps">Adjusted basis</inline>.—</heading><content>Section 1016(a) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (12).</content></paragraph> <paragraph class="fontsize10" id="yf00d7dc9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/76" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="76">(76) </num><heading class="fontsize10"><inline class="smallCaps">Property on which lessee has made improvements</inline>.—</heading><content>Section 1019 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the last sentence.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dca-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/77" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="77">(77) </num><heading class="fontsize10"><inline class="smallCaps">Involuntary conversion</inline>.—</heading><content>Section 1033 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (j) and by <amendingAction type="redesignate">redesignating</amendingAction> subsections (k) and (l) as subsections (j) and (k), respectively.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dcb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/78" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="78">(78) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00d7dcc-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00d7dcd-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 1051.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Property acquired during affiliation</inline>.—</heading><content>Section 1051 is hereby <amendingAction type="repeal">repealed</amendingAction>, and the table of sections for part IV of subchapter O of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the item relating to section 1051.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dce-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/79" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="79">(79) </num><heading class="fontsize10"><inline class="smallCaps">Capital gains and losses</inline>.—</heading><content>Section 1222 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the last sentence.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dcf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/80" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="80">(80) </num><heading class="fontsize10"><inline class="smallCaps">Holding period of property</inline>.—</heading><subparagraph class="fontsize10" id="yf00d7dd0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/80/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Paragraph (1) of section 1223 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after March 1, 1954,</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d7dd1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/80/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (4) of section 1223 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText> ‘(or under so much of section 1052(c) as refers to section 113(a)(23) of the Internal Revenue Code of 1939)’ </quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00d7dd2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/80/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Paragraphs (6) and (8) of section 1223 are <amendingAction type="repeal">repealed</amendingAction>.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d7dd3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/81" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="81">(81) </num><heading class="fontsize10"><inline class="smallCaps">Property used in the trade or business and involuntary conversions</inline>.—</heading><content>Subparagraph (A) of section 1231(c)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning after December 31, 1981</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dd4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/82" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="82">(82) </num><heading class="fontsize10"><inline class="smallCaps">Sale or exchange of patents</inline>.—</heading><chapeau>Section 1235 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00d7dd5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/82/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> subsection (c) and by <amendingAction type="redesignate">redesignating</amendingAction> subsections (d) and (e) as subsections (c) and (d), respectively, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00d7dd6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/82/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection (d)</quotedText>” in subsection (b)(2)(B) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection (c)</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d7dd7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/83" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="83">(83) </num><heading class="fontsize10"><inline class="smallCaps">Dealers in securities</inline>.—</heading><content>Subsection (b) of section 1236 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after November 19, 1951,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dd8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/84" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="84">(84) </num><heading class="fontsize10"><inline class="smallCaps">Sale of patents</inline>.—</heading><content>Subsection (a) of section 1249 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1962,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00d7dd9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/85" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="85">(85) </num><heading class="fontsize10"><inline class="smallCaps">Gain from disposition of farmland</inline>.—</heading><chapeau>Paragraph (1) of section 1252(a) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00d7dda-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/85/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1969</quotedText>” the first place it appears, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00d7ddb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/85/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after December 31, 1969,</quotedText>” in subparagraph (A).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00d7ddc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/86" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="86">(86) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of amounts received on retirement or sale or exchange of debt instruments</inline>.—</heading><content>Subsection (c) of section 1271 <amendingAction type="amend">is amended</amendingAction> to read as follows:<page identifier="/us/stat/128/4050">128 STAT. 4050</page> <quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yf00da4ed-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">“(c) </num><heading class="fontsize10"><inline class="smallCaps">Special Rule for Certain Obligations With Respect to Which Original Issue Discount Not Currently Includible</inline>.—</heading><paragraph class="fontsize10" id="yf00da4ee-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>On the sale or exchange of debt instruments issued by a government or political subdivision thereof after December 31, 1954, and before July 2, 1982, or by a corporation after December 31, 1954, and on or before May 27, 1969, any gain realized which does not exceed—</chapeau><subparagraph class="fontsize10" id="yf00da4ef-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>an amount equal to the original issue discount, or</content></subparagraph> <subparagraph class="fontsize10" id="yf00da4f0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>if at the time of original issue there was no intention to call the debt instrument before maturity, an amount which bears the same ratio to the original issue discount as the number of complete months that the debt instrument was held by the taxpayer bears to the number of complete months from the date of original issue to the date of maturity, shall be considered as ordinary income.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00da4f1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Subsection </inline>(a)(2)(A)<inline class="smallCaps"> not to apply</inline>.—</heading><content>Subsection (a)(2)(A) shall not apply to any debt instrument referred to in paragraph (1) of this subsection.</content></paragraph> <paragraph class="fontsize10" id="yf00da4f2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Cross reference</inline>.—</heading><content>For current inclusion of original issue discount, see section 1272.”</content></paragraph> </subsection> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00da4f3-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/87" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="87">(87) </num><heading class="fontsize10"><inline class="smallCaps">Amount and method of adjustment</inline>.—</heading><content>Section<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00da4f4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1314">26 USC 1314</ref>.</p></sidenote> 1314 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subsection (d) and by <amendingAction type="redesignate">redesignating</amendingAction> subsection (e) as subsection (d).</content></paragraph> <paragraph class="fontsize10" id="yf00da4f5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/88" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="88">(88) </num><heading class="fontsize10"><inline class="smallCaps">Election; revocation; termination</inline>.—</heading><content>Clause (iii) of section 1362(d)(3)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>unless</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>unless the corporation was an S corporation for such taxable year.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00da4f6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/89" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="89">(89) </num><heading class="fontsize10"><inline class="smallCaps">Old-age, survivors, and disability insurance</inline>.—</heading><content>Subsection (a) of section 1401 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the following percent</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>12.4 percent of the amount of the self-employment income for such taxable year.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00da4f7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/90" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="90">(90) </num><heading class="fontsize10"><inline class="smallCaps">Hospital insurance</inline>.—</heading><content>Paragraph (1) of section 1401(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction>: “<quotedText>the following percent</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2.9 percent of the amount of the self-employment income for such taxable year.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00da4f8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/91" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="91">(91) </num><heading class="fontsize10"><inline class="smallCaps">Ministers, members of religious orders, and christian science practitioners</inline>.—</heading><chapeau>Paragraph (3) of section 1402(e) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00da4f9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/91/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>whichever of the following dates is later: (A)</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00da4fa-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/91/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>;or (B)’ </quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> a period.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00da4fb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/92" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="92">(92) </num><heading class="fontsize10"><inline class="smallCaps">Withholding of tax on nonresident aliens</inline>.—</heading><content>The first sentence of subsection (b) of section 1441 and the first sentence of paragraph (5) of section 1441(c) are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>gains subject to tax</quotedText>” and all that follows through “<quotedText>October 4, 1966</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>and gains subject to tax under section 871(a)(1)(D)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00da4fc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/93" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="93">(93) </num><heading class="fontsize10"><inline class="smallCaps">Affiliated group defined</inline>.—</heading><content>Subparagraph (A) of section 1504(a)(3) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>for a taxable year which includes any period after December 31, 1984</quotedText>” in clause (i) and by <amendingAction type="delete">striking</amendingAction> “<quotedText>in a taxable year beginning after December 31, 1984</quotedText>” in clause (ii).<page identifier="/us/stat/128/4051">128 STAT. 4051</page></content></paragraph> <paragraph class="fontsize10" id="yf00da4fd-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="94">(94) </num><heading class="fontsize10"><inline class="smallCaps">Disallowance of the benefits of the graduated corporate rates and accumulated earnings credit</inline>.—</heading><subparagraph class="fontsize10" id="yf00da4fe-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Subsection (a) of section 1551<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00da4ff-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1551">26 USC 1551</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00da500-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (1) and by <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (2) and (3) as paragraphs (1) and (2), respectively, and</content></clause> <clause class="fontsize10" id="yf00da501-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after June 12, 1963,</quotedText>” each place it appears.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00da502-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><chapeau>Section 1551(b) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00da503-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94/B/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>or (2)</quotedText>” in paragraph (1), and</content></clause> <clause class="fontsize10" id="yf00da504-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/94/B/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>(a)(3)</quotedText>” in paragraph (2) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>(a)(2)</quotedText>”.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00da505-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="95">(95) </num><heading class="fontsize10"><inline class="smallCaps">Credit for state death taxes</inline>.—</heading><subparagraph class="fontsize10" id="yf00da506-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A)</num><clause class="inline" id="yf00da507-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/A/i" role="instruction"><num value="i">(i) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00da508-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00da509-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 2010.</p></sidenote><content>Part II of subchapter A of chapter 11 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 2011 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subpart).</content></clause> <clause class="indentUp0 fontsize10" id="yf00da50a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/A/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Section 2106(a)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>section 2011(a)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2058(a)</quotedText>”.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00da50b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B)</num><clause class="inline" id="yf00da50c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/B/i" role="instruction"><num value="i">(i) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00da50d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00da50e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 2601.</p></sidenote><content>Subchapter A of chapter 13 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 2604 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subpart).</content></clause> <clause class="indentUp0 fontsize10" id="yf00da50f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/B/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Clause (ii) of section 164(b)(4)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(as in effect before its repeal)</quotedText>” after “<quotedText>section 2604</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00da510-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/95/B/iii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>Section 2654(a)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(computed without regard to section 2604)</quotedText>”.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00da511-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/96" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="96">(96) </num><heading class="fontsize10"><inline class="smallCaps">Gross estate</inline>.—</heading><content>Subsection (c) of section 2031 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (3) and by <amendingAction type="amend">amending</amendingAction> paragraph (1)(B) to read as follows:<quotedContent><subparagraph class="fontsize10" id="yf00da512-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">“(II) </num><content>$500,000.”</content></subparagraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf00da513-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/97" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="97">(97)</num><subparagraph class="inline" id="yf00da514-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/97/A" role="instruction"><num value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00da515-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00da516-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 2051.</p></sidenote><content>Part IV of subchapter A of chapter 11 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 2057 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subpart).</content></subparagraph> <subparagraph class="indentUp0 fontsize10" id="yf00da517-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/97/B" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (10) of section 2031(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(as in effect before its repeal)</quotedText>” immediately before the period at the end thereof.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00da518-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/98" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="98">(98) </num><heading class="fontsize10"><inline class="smallCaps">Property within the united states</inline>.—</heading><content>Subsection (c) of section 2104 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>With respect to estates of decedents dying after December 31, 1969, deposits</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Deposits</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00da519-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="99">(99) </num><heading class="fontsize10"><inline class="smallCaps">FICA taxes</inline>.—</heading><subparagraph class="fontsize10" id="yf00da51a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subsection (a) of section 3101 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the following percentages</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>6.2 percent of the wages (as defined in section 3121(a)) received by the individual with respect to employment (as defined in section 3121(b))</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00da51b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B)</num><clause class="inline" id="yf00da51c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/B/i" role="instruction"><num value="i">(i) </num><content>Subsection (a) of section 3111 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the following percentages</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>6.2 percent of the wages (as defined in section 3121(a)) paid by the employer with respect to employment (as defined in section 3121(b)).</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00da51d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/B/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Subsection (b) of section 3111 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the following percentages</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>1.45 percent of the wages (as defined in section 3121(a)) paid by the employer with respect to employment (as defined in section 3121(b)).</quotedText>”.<page identifier="/us/stat/128/4052">128 STAT. 4052</page></content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00dcc2e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C)</num><clause class="inline" id="yf00dcc2f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/C/i" role="instruction"><num value="i">(i) </num><content>Section 3121(b)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00dcc30-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s3121">26 USC 3121</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (17).</content></clause> <clause class="indentUp0 fontsize10" id="yf00dcc31-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/99/C/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Section 210(a) of the Social Security Act<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00dcc32-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t42/s410">42 USC 410</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (17).</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00dcc33-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="100">(100) </num><heading class="fontsize10"><inline class="smallCaps">Railroad retirement</inline>.—</heading><subparagraph class="fontsize10" id="yf00dcc34-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subsection (b) of section 3201 <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="indentDown2 firstIndent0 fontsize10" id="yf00dcc35-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Tier 2 Tax</inline>.—</heading><content>In addition to other taxes, there is hereby imposed on the income of each employee a tax equal to the percentage determined under section 3241 for any calendar year of the compensation received during such calendar year by such employee for services rendered by such employee.”</content></subsection> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00dcc36-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subsection (b) of section 3211 <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="indentDown2 firstIndent0 fontsize10" id="yf00dcc37-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Tier 2 Tax</inline>.—</heading><content>In addition to other taxes, there is hereby imposed on the income of each employee representative a tax equal to the percentage determined under section 3241 for any calendar year of the compensation received during such calendar year by such employee representative for services rendered by such employee representative.”</content></subsection> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00dcc38-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Subsection (b) of section 3221 <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subsection class="indentDown2 firstIndent0 fontsize10" id="yf00dcc39-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Tier 2 Tax</inline>.—</heading><content>In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to the percentage determined under section 3241 for any calendar year of the compensation paid during such calendar year by such employer for services rendered to such employer.”</content></subsection> </quotedContent>.</content></subparagraph> <subparagraph class="fontsize10" id="yf00dcc3a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><chapeau>Subsection (b) of section 3231 <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00dcc3b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100/D/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>compensation; except</quotedText>” and all that follows in the first sentence and <amendingAction type="insert">inserting</amendingAction> “<quotedText>compensation.</quotedText>”, and</content></clause> <clause class="fontsize10" id="yf00dcc3c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/100/D/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> the second sentence.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00dcc3d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="101">(101) </num><heading class="fontsize10"><inline class="smallCaps">Credits against federal unemployment tax</inline>.—</heading><subparagraph class="fontsize10" id="yf00dcc3e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Paragraph (4) of section 3302(f) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00dcc3f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>subsection—</quotedText>” and all that follows through “<quotedText>(A) <headingText class="smallCaps">In general</headingText>.—The</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subsection, the</quotedText>”,</content></clause> <clause class="fontsize10" id="yf00dcc40-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> subparagraph (B),</content></clause> <clause class="fontsize10" id="yf00dcc41-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101/A/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>by <amendingAction type="redesignate">redesignating</amendingAction> clauses (i) and (ii) as subparagraphs (A) and (B), respectively, and</content></clause> <clause class="fontsize10" id="yf00dcc42-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101/A/iv" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iv">(iv) </num><content>by moving the text of such subparagraphs (as so redesignated) 2 ems to the left.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00dcc43-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/101/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Paragraph (5) of section 3302(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (D) and by <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (E) as subparagraph (D).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00dcc44-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/102" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="102">(102) </num><heading class="fontsize10"><inline class="smallCaps">Domestic service employment taxes</inline>.—</heading><content>Section 3510(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (4).</content></paragraph> <paragraph class="fontsize10" id="yf00dcc45-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="103">(103) </num><heading class="fontsize10"><inline class="smallCaps">Luxury passenger automobiles</inline>.—</heading><subparagraph class="fontsize10" id="yf00dcc46-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00dcc47-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00dcc48-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 4001,</p><p class="leftAlign firstIndent0 fontsize8" id="xf00dcc49-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">4001–4003.</p></sidenote><content>Chapter 31 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subchapter A (and by <amendingAction type="delete">striking</amendingAction> the item relating to such subchapter in the table of subchapters for such chapter).</content></subparagraph> <subparagraph class="fontsize10" id="yf00dcc4a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B)</num><clause class="inline" id="yf00dcc4b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B/i" role="instruction"><num value="i">(i) </num><chapeau>Section 4221 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subclause class="fontsize10" id="yf00dcc4c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B/i/I" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">(I) </num><content>in subsections (a) and (d)(1), by <amendingAction type="delete">striking</amendingAction> “<quotedText>subchapter A or</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>subchapter</quotedText>”,<page identifier="/us/stat/128/4053">128 STAT. 4053</page></content></subclause> <subclause class="fontsize10" id="yf00dcc4d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B/i/II" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">(II) </num><content>in subsection (a), by <amendingAction type="delete">striking</amendingAction> “<quotedText>In the case of taxes imposed by subchapter A of chapter 31, paragraphs (1), (3), (4), and (5) shall not apply.</quotedText>”, and</content></subclause> <subclause class="fontsize10" id="yf00df35e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B/i/III" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="III">(III) </num><content>in subsection (c), by <amendingAction type="delete">striking</amendingAction> “<quotedText>4001(c), 4001(d), or</quotedText>”.</content></subclause> </clause> <clause class="indentUp0 fontsize10" id="yf00df35f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B/ii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>Section 4222<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00df360-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4222">26 USC 4222</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>4001(c), 4001(d),</quotedText>”.</content></clause> <clause class="indentUp0 fontsize10" id="yf00df361-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/103/B/iii" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>Section 4293 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>subchapter A of chapter 31,</quotedText>”.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df362-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/104" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="104">(104) </num><heading class="fontsize10"><inline class="smallCaps">Transportation by air</inline>.—</heading><chapeau>Section 4261(e) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00df363-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/104/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>in paragraph (1), by <amendingAction type="delete">striking</amendingAction> subparagraph (C), and</content></subparagraph> <subparagraph class="fontsize10" id="yf00df364-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/104/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (5).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df365-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/105" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="105">(105) </num><heading class="fontsize10"><inline class="smallCaps">Taxes on failure to distribute income</inline>.—</heading><subparagraph class="fontsize10" id="yf00df366-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/105/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subsection (g) of section 4942 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>For all taxable years beginning on or after January 1, 1975, subject</quotedText>” in paragraph (2)(A) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>Subject</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00df367-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/105/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 4942(i)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning after December 31, 1969, and</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df368-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/106" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="106">(106) </num><heading class="fontsize10"><inline class="smallCaps">Taxes on taxable expenditures</inline>.—</heading><content>Section 4945(f) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(excluding therefrom any preceding taxable year which begins before January 1, 1970)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00df369-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/107" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="107">(107) </num><heading class="fontsize10"><inline class="smallCaps">Definitions and special rules</inline>.—</heading><chapeau>Section 4682(h) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00df36a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/107/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (1) and <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (2), (3), and (4) as paragraphs (1), (2), and (3), respectively, and</content></subparagraph> <subparagraph class="fontsize10" id="yf00df36b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/107/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><chapeau>in paragraph (1) (as so redesignated)—</chapeau><clause class="fontsize10" id="yf00df36c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/107/B/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> the heading and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">In general</headingText></quotedText>”, and</content></clause> <clause class="fontsize10" id="yf00df36d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/107/B/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>after 1991</quotedText>” in subparagraph (C).</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df36e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/108" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="108">(108) </num><heading class="fontsize10"><inline class="smallCaps">Returns</inline>.—</heading><content>Subsection (a) of section 6039D <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>beginning after December 31, 1984,</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00df36f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/109" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="109">(109) </num><heading class="fontsize10"><inline class="smallCaps">Information returns</inline>.—</heading><content>Subsection (c) of section 6060 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText> ‘year’ </quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>year.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00df370-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/110" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="110">(110) </num><heading class="fontsize10"><inline class="smallCaps">Collection</inline>.—</heading><chapeau>Section 6302 <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf00df371-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/110/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>in subsection (e)(2), by <amendingAction type="delete">striking</amendingAction> “<quotedText>imposed by</quotedText>” and all that follows through “<quotedText>with respect to</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>imposed by sections 4251, 4261, or 4271 with respect to</quotedText>”,</content></subparagraph> <subparagraph class="fontsize10" id="yf00df372-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/110/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="delete">striking</amendingAction> the last sentence of subsection (f)(1), and</content></subparagraph> <subparagraph class="fontsize10" id="yf00df373-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/110/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><chapeau>in subsection (h)—</chapeau><clause class="fontsize10" id="yf00df374-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/110/C/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> paragraph (2) and <amendingAction type="redesignate">redesignating</amendingAction> paragraphs (3) and (4) as paragraphs (2) and (3), respectively, and</content></clause> <clause class="fontsize10" id="yf00df375-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/110/C/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="amend">amending</amendingAction> paragraph (3) (as so redesignated) to read as follows:<quotedContent><paragraph class="indentDown2 fontsize10" id="yf00df376-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Coordination with other electronic fund transfer requirements</inline>.—</heading><content>Under regulations, any tax required to be paid by electronic fund transfer under section 5061(e) or 5703(b) shall be paid in such a manner as to ensure that the requirements of the second sentence of paragraph (1)(A) of this subsection are satisfied.”</content></paragraph> </quotedContent>.<page identifier="/us/stat/128/4054">128 STAT. 4054</page></content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df377-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/111" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="111">(111) </num><heading class="fontsize10"><inline class="smallCaps">Abatements</inline>.—</heading><content>Section 6404(f)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00df378-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6404">26 USC 6404</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (3).</content></paragraph> <paragraph class="fontsize10" id="yf00df379-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/112" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="112">(112) </num><heading class="fontsize10 smallCaps">2008 recovery rebate for individuals<inline class="noSmallCaps">.—</inline></heading><subparagraph class="fontsize10" id="yf00df37a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/112/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00df37b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00df37c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 6428,</p><p class="leftAlign firstIndent0 fontsize8" id="xf00df37d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 6411.</p></sidenote><content>Subchapter B of chapter 65 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 6428 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subchapter).</content></subparagraph> <subparagraph class="fontsize10" id="yf00df37e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/112/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subparagraph (A) of section 6211(b)(4) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>6428,</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00df37f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/112/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Paragraph (2) of section 6213(g), as amended by section 214(a)(2) of this Act and paragraphs (4) and (5)(C) of this subsection, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> subparagraph (Q), by <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (O) as subparagraph (N), by <amendingAction type="insert">inserting</amendingAction> “<quotedText>and</quotedText>” at the end of subparagraph (M), and by <amendingAction type="delete">striking</amendingAction> the comma at the end of subparagraph (N) (as so redesignated) and <amendingAction type="insert">inserting</amendingAction> a period.</content></subparagraph> <subparagraph class="fontsize10" id="yf00df380-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/112/D" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">(D) </num><content>Paragraph (2) of <ref href="/us/usc/t31/s1324/b">section 1324(b) of title 31, United States Code</ref>, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>6428, or 6431,</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>or 6431</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df381-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/113" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="113">(113) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00df382-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf00df383-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 6411.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Advance payment of portion of increased child credit for 2003</inline>.—</heading><content>Subchapter B of chapter 65 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> section 6429 (and by <amendingAction type="delete">striking</amendingAction> the item relating to such section in the table of sections for such subchapter).</content></paragraph> <paragraph class="fontsize10" id="yf00df384-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/114" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="114">(114) </num><heading class="fontsize10"><inline class="smallCaps">Failure by corporation to pay estimated income tax</inline>.—</heading><content>Clause (i) of section 6655(g)(4)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>(or the corresponding provisions of prior law)</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00df385-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/115" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="115">(115) </num><heading class="fontsize10"><inline class="smallCaps">Retirement</inline>.—</heading><content>Section 7447(i)(3)(B)(ii) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>at 4 percent per annum to December 31, 1947, and 3 percent per annum thereafter</quotedText>”, and <amendingAction type="insert">inserting</amendingAction> “<quotedText>at 3 percent per annum</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00df386-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/116" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="116">(116) </num><heading class="fontsize10"><inline class="smallCaps">Annuities to surviving spouses and dependent children of judges</inline>.—</heading><subparagraph class="fontsize10" id="yf00df387-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/116/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>Paragraph (2) of section 7448(a) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00df388-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/116/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>or under section 1106 of the Internal Revenue Code of 1939</quotedText>”, and</content></clause> <clause class="fontsize10" id="yf00df389-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/116/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>or pursuant to section 1106(d) of the Internal Revenue Code of 1939</quotedText>”.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00df38a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/116/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Subsection (g) of section 7448 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>or other than pursuant to section 1106 of the Internal Revenue Code of 1939</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf00df38b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/116/C" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>Subsections (g), (j)(1), and (j)(2) of section 7448 are each amended by <amendingAction type="delete">striking</amendingAction> “<quotedText>at 4 percent per annum to December 31, 1947, and 3 percent per annum thereafter</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>at 3 percent per annum</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df38c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/117" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="117">(117) </num><heading class="fontsize10"><inline class="smallCaps">Merchant marine capital construction funds</inline>.—</heading><content>Paragraph (4) of section 7518(g) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>any nonqualified withdrawal</quotedText>” and all that follows through “<quotedText> ‘shall be determined</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>any nonqualified withdrawal shall be determined</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf00df38d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/118" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="118">(118) </num><heading class="fontsize10"><inline class="smallCaps">Valuation tables</inline>.—</heading><subparagraph class="fontsize10" id="yf00df38e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/118/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>Subsection (c) of section 7520 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> paragraph (2) and <amendingAction type="redesignate">redesignating</amendingAction> paragraph (3) as paragraph (2).</content></subparagraph> <subparagraph class="fontsize10" id="yf00df38f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/118/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><chapeau>Paragraph (2) of section 7520(c) (as redesignated by subparagraph (A)) <amendingAction type="amend">is amended</amendingAction>—</chapeau><clause class="fontsize10" id="yf00df390-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/118/B/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>Not later than December 31, 1989, the</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>The</quotedText>”, and<page identifier="/us/stat/128/4055">128 STAT. 4055</page></content></clause> <clause class="fontsize10" id="yf00df391-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/118/B/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>thereafter</quotedText>” in the last sentence thereof.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf00df392-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/a/119" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="119">(119) </num><heading class="fontsize10"><inline class="smallCaps">Definition of employee</inline>.—</heading><content>Section<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00df393-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s7701">26 USC 7701</ref>.</p></sidenote> 7701(a)(20) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>chapter 21</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>chapter 21.</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf00df394-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00df395-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s1">26 USC 1 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><paragraph class="fontsize10" id="yf00df396-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">General rule</inline>.—</heading><content>Except as otherwise provided in subsection (a) or paragraph (2) of this subsection, the amendments made by this section shall take effect on the date of enactment of this Act.</content></paragraph> <paragraph class="fontsize10" id="yf00df397-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Savings provision</inline>.—</heading><chapeau>If—</chapeau><subparagraph class="fontsize10" id="yf00df398-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/2/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><chapeau>any provision amended or <amendingAction type="repeal">repealed</amendingAction> by the amendments made by this section applied to—</chapeau><clause class="fontsize10" id="yf00df399-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/2/A/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>any transaction occurring before the date of the enactment of this Act,</content></clause> <clause class="fontsize10" id="yf00df39a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/2/A/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>any property acquired before such date of enactment, or</content></clause> <clause class="fontsize10" id="yf00df39b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/2/A/iii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">(iii) </num><content>any item of income, loss, deduction, or credit taken into account before such date of enactment, and</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf00df39c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tII/s221/b/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>the treatment of such transaction, property, or item under such provision would (without regard to the amendments or repeals made by this section) affect the liability for tax for periods ending after date of enactment, nothing in the amendments or repeals made by this section shall be construed to affect the treatment of such transaction, property, or item for purposes of determining liability for tax for periods ending after such date of enactment.</content></subparagraph> </paragraph> </subsection> </section> <num value="III">TITLE III—</num><heading>JOINT COMMITTEE ON TAXATION</heading> <section id="d270244e12244" identifier="/us/pl/113/295/dA/tIII/s301" style="-uslm-lc:I658143"><num class="fontsize12" value="301">SEC. 301. </num><heading>INCREASED REFUND AND CREDIT THRESHOLD FOR JOINT COMMITTEE ON TAXATION REVIEW OF C CORPORATION RETURN.</heading><subsection class="firstIndent0 fontsize10" id="yf00e19ad-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tIII/s301/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subsections (a) and (b) of section 6405 are each amended by <amendingAction type="insert">inserting</amendingAction> “<quotedText>($5,000,000 in the case of a C corporation)</quotedText>” after “<quotedText>$2,000,000</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf00e19ae-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tIII/s301/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00e19af-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6405">26 USC 6405 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall take effect on the date of the enactment of this Act, except that such amendment shall not apply with respect to any refund or credit with respect to a report that has been made before such date under section 6405 of the Internal Revenue Code of 1986.</content></subsection> </section> <num value="IV">TITLE IV—</num><heading>BUDGETARY EFFECTS</heading> <section id="d270244e12283" identifier="/us/pl/113/295/dA/tIV/s401" style="-uslm-lc:I658143"><num class="fontsize12" value="401">SEC. 401. </num><heading>BUDGETARY EFFECTS.</heading><subsection class="firstIndent0 fontsize10" id="yf00e40c0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tIV/s401/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Paygo Scorecard</inline>.—</heading><content>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.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf00e40c1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dA/tIV/s401/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Senate Paygo Scorecard</inline>.—</heading><content>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).<page identifier="/us/stat/128/4056">128 STAT. 4056</page></content></subsection> </section> DIVISION B—

Stephen Beck, Jr., Achieving a Better Life Experience

Act of 2014.

ACHIEVING A BETTER LIFE EXPERIENCE ACT OF 2014
SEC. 1. SHORT TITLE; ETC.(a)

26 USC 1 note.

Short Title.—This division may be cited as the “Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014” or the “Stephen Beck, Jr., ABLE Act of 2014”. (b) Amendment of 1986 Code.—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.
<num value="I">TITLE I—</num><heading>QUALIFIED ABLE PROGRAMS</heading> <section id="d270244e12362" identifier="/us/pl/113/295/dB/tI/s101" style="-uslm-lc:I658143"><num class="fontsize12" value="101">SEC. 101. </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf00e67d7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s529A">26 USC 529A note</ref>.</p></sidenote><heading>PURPOSES.</heading><chapeau class="indentUp0 firstIndent0 fontsize10" id="xf00e8ee8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120">  The purposes of this title are as follows:</chapeau><paragraph class="fontsize10" id="yf00e8ee9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s101/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>To encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities to maintain health, independence, and quality of life.</content></paragraph> <paragraph class="fontsize10" id="yf00e8eea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s101/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>To provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, the Medicaid program under title XIX of the Social Security Act, the supplemental security income program under title XVI of such Act, the beneficiary’s employment, and other sources.</content></paragraph> </section> <section id="d270244e12384" identifier="/us/pl/113/295/dB/tI/s102" style="-uslm-lc:I658143"><num class="fontsize12" value="102">SEC. 102. </num><heading>QUALIFIED ABLE PROGRAMS.</heading><subsection class="firstIndent0 fontsize10" id="yf0108abb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Subchapter F of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> after section 529 the following new section:<quotedContent><section class="indentUp2 firstIndent-2" id="yf012386c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658144"><num class="bold" value="529A">“SEC. 529A. </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012386d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s529A">26 USC 529A</ref>.</p></sidenote><heading class="bold">QUALIFIED ABLE PROGRAMS.</heading><subsection class="indentDown2 firstIndent0 fontsize10" id="yf012386e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">“(a) </num><heading class="fontsize10"><inline class="smallCaps">General Rule</inline>.—</heading><content>A qualified ABLE program shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, such program shall be subject to the taxes imposed by section 511 (relating to imposition of tax on unrelated business income of charitable organizations).</content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf012386f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Qualified ABLE Program</inline>.—</heading><chapeau>For purposes of this section—</chapeau><paragraph class="fontsize10" id="yf0123870-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0123871-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Definition.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>The term ‘<term>qualified ABLE program</term>’ means a program established and maintained by a State, or agency or instrumentality thereof—</chapeau><subparagraph class="fontsize10" id="yf0123872-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>under which a person may make contributions for a taxable year, for the benefit of an individual who is an eligible individual for such taxable year, to an ABLE account which is established for the purpose of meeting the qualified disability expenses of the designated beneficiary of the account,</content></subparagraph> <subparagraph class="fontsize10" id="yf0123873-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>which limits a designated beneficiary to 1 ABLE account for purposes of this section,</content></subparagraph> <subparagraph class="fontsize10" id="yf0123874-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><content>which allows for the establishment of an ABLE account only for a designated beneficiary who is a resident of such State or a resident of a contracting State, and<page identifier="/us/stat/128/4057">128 STAT. 4057</page></content></subparagraph> <subparagraph class="fontsize10" id="yf0123875-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><content>which meets the other requirements of this section.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0123876-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Cash contributions</inline>.—</heading><chapeau>A program shall not be treated as a qualified ABLE program unless it provides that no contribution will be accepted—</chapeau><subparagraph class="fontsize10" id="yf0123877-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>unless it is in cash, or</content></subparagraph> <subparagraph class="fontsize10" id="yf0123878-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>except in the case of contributions under subsection (c)(1)(C), if such contribution to an ABLE account would result in aggregate contributions from all contributors to the ABLE account for the taxable year exceeding the amount in effect under section 2503(b) for the calendar year in which the taxable year begins.</content></subparagraph> </paragraph> </subsection> </section> <continuation class="indentUp1 firstIndent1 fontsize10" id="xf0123879-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122">For<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012387a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote> purposes of this paragraph, rules similar to the rules of section 408(d)(4) (determined without regard to subparagraph (B) thereof) shall apply.</continuation><paragraph class="fontsize10" id="yf012387b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Separate accounting</inline>.—</heading><content>A program shall not be treated as a qualified ABLE program unless it provides separate accounting for each designated beneficiary.</content></paragraph> <paragraph class="fontsize10" id="yf012387c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Limited investment direction</inline>.—</heading><content>A program shall not be treated as a qualified ABLE program unless it provides that any designated beneficiary under such program may, directly or indirectly, direct the investment of any contributions to the program (or any earnings thereon) no more than 2 times in any calendar year.</content></paragraph> <paragraph class="fontsize10" id="yf012387d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><heading class="fontsize10"><inline class="smallCaps">No pledging of interest as security</inline>.—</heading><content>A program shall not be treated as a qualified ABLE program if it allows any interest in the program or any portion thereof to be used as security for a loan.</content></paragraph> <paragraph class="fontsize10" id="yf012387e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><heading class="fontsize10"><inline class="smallCaps">Prohibition on excess contributions</inline>.—</heading><chapeau>A program shall not be treated as a qualified ABLE program unless it provides adequate safeguards to prevent aggregate contributions on behalf of a designated beneficiary in excess of the limit established by the State under section 529(b)(6). For purposes of the preceding sentence, aggregate contributions include contributions under any prior qualified ABLE program of any State or agency or instrumentality thereof.</chapeau><subsection class="indentDown1 firstIndent0 fontsize10" id="yf012387f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">“(c) </num><heading class="fontsize10"><inline class="smallCaps">Tax Treatment</inline>.—</heading><paragraph class="fontsize10" id="yf0123880-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">Distributions</inline>.—</heading><subparagraph class="fontsize10" id="yf0123881-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Any distribution under a qualified ABLE program shall be includible in the gross income of the distributee in the manner as provided under section 72 to the extent not excluded from gross income under any other provision of this chapter.</content></subparagraph> <subparagraph class="fontsize10" id="yf0123882-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Distributions for qualified disability expenses</inline>.—</heading><chapeau>For purposes of this paragraph, if distributions from a qualified ABLE program—</chapeau><clause class="fontsize10" id="yf0123883-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>do not exceed the qualified disability expenses of the designated beneficiary, no amount shall be includible in gross income, and</content></clause> <clause class="fontsize10" id="yf0123884-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>in any other case, the amount otherwise includible in gross income shall be reduced by an amount which bears the same ratio to such amount as such expenses bear to such distributions.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf0123885-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><heading class="fontsize10"><inline class="smallCaps">Change in designated beneficiaries or programs</inline>.—</heading><page identifier="/us/stat/128/4058">128 STAT. 4058</page> <clause class="fontsize10" id="yf0123886-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><heading class="fontsize10"><inline class="smallCaps">Rollovers from able accounts</inline>.—</heading><content>Subparagraph (A) shall not apply to any amount paid or distributed from an ABLE account to the extent that the amount received is paid, not later than the 60th day after the date of such payment or distribution, into another ABLE account for the benefit of the same designated beneficiary or an eligible individual who is a family member of the designated beneficiary.</content></clause> <clause class="fontsize10" id="yf0123887-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><heading class="fontsize10"><inline class="smallCaps">Change in designated beneficiaries</inline>.—</heading><content>Any change in the designated beneficiary of an interest in a qualified ABLE program during a taxable year shall not be treated as a distribution for purposes of subparagraph (A) if the new beneficiary is an eligible individual for such taxable year and a member of the family of the former beneficiary.</content></clause> <clause class="fontsize10" id="yf0123888-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="iii">“(iii) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0123889-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Deadline.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Limitation on certain rollovers</inline>.—</heading><content>Clause (i) shall not apply to any transfer if such transfer occurs within 12 months from the date of a previous transfer to any qualified ABLE program for the benefit of the designated beneficiary.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf012388a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><heading class="fontsize10"><inline class="smallCaps">Operating rules</inline>.—</heading><chapeau>For purposes of applying section 72—</chapeau><clause class="fontsize10" id="yf012388b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>except to the extent provided by the Secretary, all distributions during a taxable year shall be treated as one distribution, and</content></clause> <clause class="fontsize10" id="yf012388c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>except to the extent provided by the Secretary, the value of the contract, income on the contract, and investment in the contract shall be computed as of the close of the calendar year in which the taxable year begins.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf012388d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Gift tax rules</inline>.—</heading><chapeau>For purposes of chapters 12 and 13—</chapeau><subparagraph class="fontsize10" id="yf012388e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">Contributions</inline>.—</heading><chapeau>Any contribution to a qualified ABLE program on behalf of any designated beneficiary—</chapeau><clause class="fontsize10" id="yf012388f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>shall be treated as a completed gift to such designated beneficiary which is not a future interest in property, and</content></clause> <clause class="fontsize10" id="yf0123890-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>shall not be treated as a qualified transfer under section 2503(e).</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf0123891-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of distributions</inline>.—</heading><content>In no event shall a distribution from an ABLE account to such account’s designated beneficiary be treated as a taxable gift.</content></subparagraph> <subparagraph class="fontsize10" id="yf0123892-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of transfer to new designated beneficiary</inline>.—</heading><content>The taxes imposed by chapters 12 and 13 shall not apply to a transfer by reason of a change in the designated beneficiary under subsection (c)(1)(C).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0123893-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Additional tax for distributions not used for disability expenses</inline>.—</heading><subparagraph class="fontsize10" id="yf0123894-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The tax imposed by this chapter for any taxable year on any taxpayer who receives a distribution from a qualified ABLE program which is includible in gross income shall be increased by 10 percent of the amount which is so includible.</content></subparagraph> <subparagraph class="fontsize10" id="yf0123895-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Exception</inline>.—</heading><content>Subparagraph (A) shall not apply if the payment or distribution is made to a beneficiary (or to the estate of the designated beneficiary) on or after the death of the designated beneficiary.<page identifier="/us/stat/128/4059">128 STAT. 4059</page></content></subparagraph> <subparagraph class="fontsize10" id="yf0123896-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><heading class="fontsize10"><inline class="smallCaps">Contributions returned before certain date</inline>.—</heading><chapeau>Subparagraph (A) shall not apply to the distribution of any contribution made during a taxable year on behalf of the designated beneficiary if—</chapeau><clause class="fontsize10" id="yf0123897-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>such distribution is received on or before the day prescribed by law (including extensions of time) for filing such designated beneficiary’s return for such taxable year, and</content></clause> <clause class="fontsize10" id="yf0123898-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>such distribution is accompanied by the amount of net income attributable to such excess contribution.</content></clause> <continuation class="firstIndent1 fontsize10" id="xf0123899-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124">Any net income described in clause (ii) shall be included in gross income for the taxable year in which such excess contribution was made.</continuation></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf012389a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Loss of able account treatment</inline>.—</heading><content>If an ABLE account is established for a designated beneficiary, no account subsequently established for such beneficiary shall be treated as an ABLE account. The preceding sentence shall not apply in the case of an account established for purposes of a rollover described in paragraph (1)(C)(i) of this section if the transferor account is closed as of the end of the 60th day referred to in paragraph (1)(C)(i).</content></paragraph> </subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf012389b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">“(d) </num><heading class="fontsize10"><inline class="smallCaps">Reports</inline>.—</heading><paragraph class="fontsize10" id="yf012389c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Each officer or employee having control of the qualified ABLE program or their designee shall make such reports regarding such program to the Secretary and to designated beneficiaries with respect to contributions, distributions, the return of excess contributions, and such other matters as the Secretary may require.</content></paragraph> <paragraph class="fontsize10" id="yf012389d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012389e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Public information.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Certain aggregated information</inline>.—</heading><content>For research purposes, the Secretary shall make available to the public reports containing aggregate information, by diagnosis and other relevant characteristics, on contributions and distributions from the qualified ABLE program. In carrying out the preceding sentence an item may not be made available to the public if such item can be associated with, or otherwise identify, directly or indirectly, a particular individual.</content></paragraph> <paragraph class="fontsize10" id="yf0125faf-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Notice of establishment of able account</inline>.—</heading><content>A qualified ABLE program shall submit a notice to the Secretary upon the establishment of an ABLE account. Such notice shall contain the name and State of residence of the designated beneficiary and such other information as the Secretary may require.</content></paragraph> <paragraph class="fontsize10" id="yf0125fb0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Electronic distribution statements</inline>.—</heading><content>For purposes of section 4 of the Achieving a Better Life Experience Act of 2014, States shall submit electronically on a monthly basis to the Commissioner of Social Security, in the manner specified by the Commissioner, statements on relevant distributions and account balances from all ABLE accounts.</content></paragraph> <paragraph class="fontsize10" id="yf0125fb1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><heading class="fontsize10"><inline class="smallCaps">Requirements</inline>.—</heading><content>The reports and notices required by paragraphs (1), (2), and (3) shall be filed at such time and in such manner and furnished to such individuals at such time and in such manner as may be required by the Secretary.</content></paragraph> </subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0125fb2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Other Definitions and Special Rules</inline>.—</heading><chapeau>For purposes of this section—</chapeau><paragraph class="fontsize10" id="yf0125fb3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">Eligible individual</inline>.—</heading><chapeau>An individual is an eligible individual for a taxable year if during such taxable year—<page identifier="/us/stat/128/4060">128 STAT. 4060</page></chapeau><subparagraph class="fontsize10" id="yf0125fb4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>the individual is entitled to benefits based on blindness or disability under title II or XVI of the Social Security Act, and such blindness or disability occurred before the date on which the individual attained age 26, or</content></subparagraph> <subparagraph class="fontsize10" id="yf0125fb5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>a disability certification with respect to such individual is filed with the Secretary for such taxable year.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0125fb6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Disability certification</inline>.—</heading><subparagraph class="fontsize10" id="yf0125fb7-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>The term ‘<term>disability certification</term>’ means, with respect to an individual, a certification to the satisfaction of the Secretary by the individual or the parent or guardian of the individual that—</chapeau><clause class="fontsize10" id="yf0125fb8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><chapeau>certifies that—</chapeau><subclause class="fontsize10" id="yf0125fb9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">“(I) </num><content>the individual has a medically determinable physical or mental impairment, which results in marked and severe functional limitations, and which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, or is blind (within the meaning of section 1614(a)(2) of the Social Security Act), and</content></subclause> <subclause class="fontsize10" id="yf0125fba-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658128"><num class="fontsize10" style="-uslm-lc:emspace2" value="II">“(II) </num><content>such blindness or disability occurred before the date on which the individual attained age 26, and</content></subclause> </clause> <clause class="fontsize10" id="yf0125fbb-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>includes a copy of the individual’s diagnosis relating to the individual’s relevant impairment or impairments, signed by a physician meeting the criteria of section 1861(r)(1) of the Social Security Act.</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf0125fbc-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Restriction on use of certification</inline>.—</heading><content>No inference may be drawn from a disability certification for purposes of establishing eligibility for benefits under title II, XVI, or XIX of the Social Security Act.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0125fbd-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Designated beneficiary</inline>.—</heading><content>The term ‘<term>designated beneficiary</term>’ in connection with an ABLE account established under a qualified ABLE program means the eligible individual who established an ABLE account and is the owner of such account.</content></paragraph> <paragraph class="fontsize10" id="yf0125fbe-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Member of family</inline>.—</heading><content>The term ‘<term>member of the family</term>’ means, with respect to any designated beneficiary, an individual who bears a relationship to such beneficiary which is described in subparagraph section 152(d)(2)(B). For purposes of the preceding sentence, a rule similar to the rule of section 152(f)(1)(B) shall apply.</content></paragraph> <paragraph class="fontsize10" id="yf0125fbf-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><heading class="fontsize10"><inline class="smallCaps">Qualified disability expenses</inline>.—</heading><content>The term ‘<term>qualified disability expenses</term>’ means any expenses related to the eligible individual’s blindness or disability which are made for the benefit of an eligible individual who is the designated beneficiary, including the following expenses: education, housing, transportation, employment training and support, assistive technology and personal support services, health, prevention and wellness, financial management and administrative services, legal fees, expenses for oversight and monitoring, funeral and burial expenses, and other expenses, which are approved by the Secretary under regulations and consistent with the purposes of this section.</content></paragraph> <paragraph class="fontsize10" id="yf0125fc0-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><heading class="fontsize10"><inline class="smallCaps">ABLE account</inline>.—</heading><content>The term ‘<term>ABLE account</term>’ means an account established by an eligible individual, owned by such <page identifier="/us/stat/128/4061">128 STAT. 4061</page> eligible individual, and maintained under a qualified ABLE program.</content></paragraph> <paragraph class="fontsize10" id="yf0125fc1-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">“(7) </num><heading class="fontsize10"><inline class="smallCaps">Contracting state</inline>.—</heading><content>The term ‘<term>contracting State</term>’ means a State without a qualified ABLE program which has entered into a contract with a State with a qualified ABLE program to provide residents of the contracting State access to a qualified ABLE program.</content></paragraph> </subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0125fc2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">“(f) </num><heading class="fontsize10"><inline class="smallCaps">Transfer to State</inline>.—</heading><content>Subject to any outstanding payments due for qualified disability expenses, upon the death of the designated beneficiary, all amounts remaining in the qualified ABLE account not in excess of the amount equal to the total medical assistance paid for the designated beneficiary after the establishment of the account, net of any premiums paid from the account or paid by or on behalf of the beneficiary to a Medicaid Buy-In program under any State Medicaid plan established under title XIX of the Social Security Act, shall be distributed to such State upon filing of a claim for payment by such State. For purposes of this paragraph, the State shall be a creditor of an ABLE account and not a beneficiary. Subsection (c)(3) shall not apply to a distribution under the preceding sentence.</content></subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0125fc3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">“(g) </num><heading class="fontsize10"><inline class="smallCaps">Regulations</inline>.—</heading><chapeau>The Secretary shall prescribe such regulations or other guidance as the Secretary determines necessary or appropriate to carry out the purposes of this section, including regulations—</chapeau><paragraph class="fontsize10" id="yf0125fc4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>to enforce the 1 ABLE account per eligible individual limit,</content></paragraph> <paragraph class="fontsize10" id="yf0125fc5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><content>providing for the information required to be presented to open an ABLE account,</content></paragraph> <paragraph class="fontsize10" id="yf0125fc6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><content>to generally define qualified disability expenses,</content></paragraph> <paragraph class="fontsize10" id="yf0125fc7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><content>developed in consultation with the Commissioner of Social Security, relating to disability certifications and determinations of disability, including those conditions deemed to meet the requirements of subsection (e)(1)(B),</content></paragraph> <paragraph class="fontsize10" id="yf0125fc8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><content>to prevent fraud and abuse with respect to amounts claimed as qualified disability expenses,</content></paragraph> <paragraph class="fontsize10" id="yf0125fc9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><content>under chapters 11, 12, and 13 of this title, and</content></paragraph> <paragraph class="fontsize10" id="yf0125fca-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">“(7) </num><content>to allow for transfers from one ABLE account to another ABLE account.”</content></paragraph> </subsection> </paragraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf0125fcb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Tax on Excess Contributions</inline>.—</heading><paragraph class="fontsize10" id="yf0125fcc-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/b/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Subsection (a) of section 4973<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0125fcd-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4973">26 USC 4973</ref>.</p></sidenote> (relating to tax on excess contributions to certain tax-favored accounts and annuities) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>or</quotedText>” at the end of paragraph (4), by <amendingAction type="insert">inserting</amendingAction> “<quotedText>or</quotedText>” at the end of paragraph (5), and by <amendingAction type="insert">inserting</amendingAction> after paragraph (5) the following new paragraph:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf0125fce-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><content>an ABLE account (within the meaning of section 529A),”</content></paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf0125fcf-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/b/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Excess contribution</inline>.—</heading><content>Section 4973 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yf01286e0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">“(h) </num><heading class="fontsize10"><inline class="smallCaps">Excess Contributions to ABLE Account</inline>.—</heading><chapeau>For purposes of this section—</chapeau><paragraph class="fontsize10" id="yf01286e1-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>In the case of an ABLE account (within the meaning of section 529A), the term ‘<term>excess contributions</term>’ means the amount by which the amount contributed for the taxable year to such account (other than contributions under section 529A(c)(1)(C)) exceeds the contribution limit under section 529A(b)(2)(B).<page identifier="/us/stat/128/4062">128 STAT. 4062</page></content></paragraph> <paragraph class="fontsize10" id="yf01286e2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01286e3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Special rule</inline>.—</heading><content>For purposes of this subsection, any contribution which is distributed out of the ABLE account in a distribution to which the last sentence of section 529A(b)(2) applies shall be treated as an amount not contributed.”</content></paragraph> </subsection> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf01286e4-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01286e5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6693">26 USC 6693</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Penalty for Failure to File Reports</inline>.—</heading><content>Section 6693(a)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>and</quotedText>” at the end of subparagraph (D), by <amendingAction type="redesignate">redesignating</amendingAction> subparagraph (E) as subparagraph (F), and by <amendingAction type="insert">inserting</amendingAction> after subparagraph (D) the following:<quotedContent><subparagraph class="indentUp2 fontsize10" id="yf01286e6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">“(E) </num><content>section 529A(d) (relating to qualified ABLE programs), and”</content></subparagraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01286e7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/d" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Records</inline>.—</heading><chapeau><ref href="/us/usc/t5/s552a/a/8/B">Section 552a(a)(8)(B) of title 5, United States Code</ref>, <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yf01286e8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/d/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>in clause (viii), by <amendingAction type="delete">striking</amendingAction> “<quotedText>or</quotedText>” at the end;</content></paragraph> <paragraph class="fontsize10" id="yf01286e9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/d/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>in clause (ix), by <amendingAction type="add">adding</amendingAction> “<quotedText>or</quotedText>” at the end; and</content></paragraph> <paragraph class="fontsize10" id="yf01286ea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/d/3" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>by <amendingAction type="add">adding</amendingAction> at the end the following new clause:<quotedContent><clause class="indentUp2 fontsize10" id="yf01286eb-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="x">“(x) </num><content>matches performed pursuant to section 3(d)(4) of the Achieving a Better Life Experience Act of 2014;”</content></clause> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf01286ec-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><heading class="fontsize10"><inline class="smallCaps">Other Conforming Amendments</inline>.—</heading><paragraph class="fontsize10" id="yf01286ed-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Section 26(b)(2) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>and</quotedText>” at the end of subparagraph (W), by <amendingAction type="delete">striking</amendingAction> the period at the end of subparagraph (X) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, and</quotedText>”, and by <amendingAction type="insert">inserting</amendingAction> after subparagraph (X) the following:<quotedContent><subparagraph class="fontsize10" id="yf01286ee-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="Y">“(Y) </num><content>section 529A(c)(3)(A) (relating to additional tax on ABLE account distributions not used for qualified disability expenses).”</content></subparagraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf01286ef-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><chapeau>Section 877A <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf01286f0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>in subsection (e)(2) by <amendingAction type="insert">inserting</amendingAction> “<quotedText>a qualified ABLE program (as defined in section 529A),</quotedText>” after “<quotedText>529),</quotedText>”, and</content></subparagraph> <subparagraph class="fontsize10" id="yf01286f1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>in subsection (g)(6) by <amendingAction type="insert">inserting</amendingAction> “<quotedText>529A(c)(3),</quotedText>” after “<quotedText>529(c)(6),</quotedText>”.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf01286f2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Section 4965(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>or</quotedText>” at the end of paragraph (6), by <amendingAction type="delete">striking</amendingAction> the period at the end of paragraph (7) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>, or</quotedText>”, and by <amendingAction type="insert">inserting</amendingAction> after paragraph (7) the following new paragraph:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf012ae03-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="8">“(8) </num><content>a program described in section 529A.”</content></paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf012ae04-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/4" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012ae05-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf012ae06-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 529.</p></sidenote><content>The heading for part VIII of subchapter F of chapter 1 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>higher education</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>certain</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf012ae07-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/5" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">(5) </num><content>The item in the table of parts for subchapter F of chapter 1 relating to part VIII<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012ae08-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf012ae09-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 501.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><toc> <headingItem role="section" style="-uslm-lc:I658274"> <designator>“Part VIII. Certain Savings Entities.”.<?GPOvSpace 04?></designator> </headingItem> </toc> </quotedContent></content></paragraph> <paragraph class="fontsize10" id="yf012ae0a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/6" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">(6) </num><content>The table of sections for part VIII of subchapter F of chapter 1<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012ae0b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf012ae0c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 529.<?GPOvSpace 04?></p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> after the item relating to section 529 the following new item:<quotedContent><toc> <referenceItem role="section" style="-uslm-lc:I658242"> <designator>“Sec. 529A. </designator> <label>Qualified ABLE programs.”.<?GPOvSpace 04?></label> </referenceItem></toc> </quotedContent></content></paragraph> <paragraph class="fontsize10" id="yf012ae0d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/e/7" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="7">(7) </num><content>Paragraph (4) of section 1027(g) of the Consumer Financial Protection Act of 2010 (<ref href="/us/usc/t12/s5517/g/4">12 U.S.C. 5517(g)(4)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>, 529A</quotedText>” after “<quotedText>529</quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf012ae0e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/f" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012ae0f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t5/s552a">5 USC 552a note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><paragraph class="fontsize10" id="yf012ae10-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/f/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</content></paragraph> <paragraph class="fontsize10" id="yf012ae11-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s102/f/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012ae12-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s529A">26 USC 529A note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Regulations</inline>.—</heading><content>The Secretary of the Treasury (or the Secretary’s designee) shall promulgate the regulations or other <page identifier="/us/stat/128/4063">128 STAT. 4063</page> guidance required under section 529A(g) of the Internal Revenue Code of 1986, as added by subsection (a), not later than 6 months after the date of the enactment of this Act.</content></paragraph> </subsection> </section> <section id="d270244e13382" identifier="/us/pl/113/295/dB/tI/s103" style="-uslm-lc:I658143"><num class="fontsize12" value="103">SEC. 103. </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf012ae13-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s529A">26 USC 529A note</ref>.</p></sidenote><heading>TREATMENT OF ABLE ACCOUNTS UNDER CERTAIN FEDERAL PROGRAMS.</heading><subsection class="firstIndent0 fontsize10" id="yf012fc34-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Account Funds Disregarded for Purposes of Certain Other Means-Tested Federal Programs</inline>.—</heading><chapeau>Notwithstanding any other provision of Federal law that requires consideration of 1 or more financial circumstances of an individual, for the purpose of determining eligibility to receive, or the amount of, any assistance or benefit authorized by such provision to be provided to or for the benefit of such individual, any amount (including earnings thereon) in the ABLE account (within the meaning of section 529A of the Internal Revenue Code of 1986) of such individual, any contributions to the ABLE account of the individual, and any distribution for qualified disability expenses (as defined in subsection (e)(5) of such section) shall be disregarded for such purpose with respect to any period during which such individual maintains, makes contributions to, or receives distributions from such ABLE account, except that, in the case of the supplemental security income program under title XVI of the Social Security Act—</chapeau><paragraph class="fontsize10" id="yf0132345-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>a distribution for housing expenses (within the meaning of such subsection) shall not be so disregarded, and</content></paragraph> <paragraph class="fontsize10" id="yf0132346-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>in the case of such program, any amount (including such earnings) in such ABLE account shall be considered a resource of the designated beneficiary to the extent that such amount exceeds $100,000.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf0132347-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Suspension of SSI Benefits During Periods of Excessive Account Funds</inline>.—</heading><paragraph class="fontsize10" id="yf0132348-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/b/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The benefits of an individual under the supplemental security income program under title XVI of the Social Security Act shall not be terminated, but shall be suspended, by reason of excess resources of the individual attributable to an amount in the ABLE account (within the meaning of section 529A of the Internal Revenue Code of 1986) of the individual not disregarded under subsection (a) of this section.</content></paragraph> <paragraph class="fontsize10" id="yf0132349-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/b/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">No impact on medicaid eligibility</inline>.—</heading><content>An individual who would be receiving payment of such supplemental security income benefits but for the application of paragraph (1) shall be treated for purposes of title XIX of the Social Security Act as if the individual continued to be receiving payment of such benefits.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf013234a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s103/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>This section shall take effect on the date of the enactment of this Act.</content></subsection> </section> <section id="d270244e13446" identifier="/us/pl/113/295/dB/tI/s104" style="-uslm-lc:I658143"><num class="fontsize12" value="104">SEC. 104. </num><heading>TREATMENT OF ABLE ACCOUNTS IN BANKRUPTCY.</heading><subsection class="firstIndent0 fontsize10" id="yf013716b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Exclusion From Property of the Estate</inline>.—</heading><chapeau>Section 541(b) of the <ref href="/us/usc/t11">title 11, United States Code</ref>, <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yf013716c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/a/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>in paragraph (8), by <amendingAction type="delete">striking</amendingAction> “<quotedText>or</quotedText>” at the end;</content></paragraph> <paragraph class="fontsize10" id="yf013716d-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/a/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>in paragraph (9), by <amendingAction type="delete">striking</amendingAction> the period at the end and <amendingAction type="insert">inserting</amendingAction> a semicolon and “<quotedText>or</quotedText>”; and</content></paragraph> <paragraph class="fontsize10" id="yf013716e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/a/3" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>by <amendingAction type="insert">inserting</amendingAction> after paragraph (9) the following:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf013987f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="10">“(10) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0139880-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Deadline.</p></sidenote><chapeau>funds placed in an account of a qualified ABLE program (as defined in section 529A(b) of the Internal Revenue Code of 1986) not later than 365 days before the date of the filing of the petition in a case under this title, but—</chapeau><page identifier="/us/stat/128/4064">128 STAT. 4064</page> <subparagraph class="fontsize10" id="yf0139881-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>only if the designated beneficiary of such account was a child, stepchild, grandchild, or stepgrandchild of the debtor for the taxable year for which funds were placed in such account;</content></subparagraph> <subparagraph class="fontsize10" id="yf0139882-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><chapeau>only to the extent that such funds—</chapeau><clause class="fontsize10" id="yf0139883-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>are not pledged or promised to any entity in connection with any extension of credit; and</content></clause> <clause class="fontsize10" id="yf0139884-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>are not excess contributions (as described in section 4973(h) of the Internal Revenue Code of 1986); and</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf0139885-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0139886-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Deadlines.</p></sidenote><content>in the case of funds placed in all such accounts having the same designated beneficiary not earlier than 720 days nor later than 365 days before such date, only so much of such funds as does not exceed $6,225.”</content></subparagraph> </paragraph> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf0139887-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Debtor’s Monthly Expenses</inline>.—</heading><content><ref href="/us/usc/t11/s707/b/2/A/ii/II">Section 707(b)(2)(A)(ii)(II) of title 11, United States Code</ref>, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end “<quotedText>Such monthly expenses may include, if applicable, contributions to an account of a qualified ABLE program to the extent such contributions are not excess contributions (as described in section 4973(h) of the Internal Revenue Code of 1986) and if the designated beneficiary of such account is a child, stepchild, grandchild, or stepgrandchild of the debtor.</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf0139888-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Record of Debtor’s Interest</inline>.—</heading><content><ref href="/us/usc/t11/s521/c">Section 521(c) of title 11, United States Code</ref>, <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> “<quotedText>, an interest in an account in a qualified ABLE program (as defined in section 529A(b) of such Code,</quotedText>” after “<quotedText>Internal Revenue Code of 1986)</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf0139889-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s104/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf013988a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t11/s521">11 USC 521 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply with respect to cases commenced under <ref href="/us/usc/t11">title 11, United States Code</ref>, on or after the date of the enactment of this Act.</content></subsection> </section> <section id="d270244e13593" identifier="/us/pl/113/295/dB/tI/s105" style="-uslm-lc:I658143"><num class="fontsize12" value="105">SEC. 105. </num><heading>INVESTMENT DIRECTION RULE FOR 529 PLANS.</heading><subsection class="firstIndent0 fontsize10" id="yf013e6ab-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s105/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Amendments Relating to Investment Direction Rule for 529 Plans</inline>.—</heading><paragraph class="fontsize10" id="yf013e6ac-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s105/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Paragraph (4) of section 529(b)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf013e6ad-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s529">26 USC 529</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>may not directly or indirectly</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>may, directly or indirectly, direct the investment of any contributions to the program (or any earnings thereon) no more than 2 times in any calendar year.</quotedText>”.</content></paragraph> <paragraph class="fontsize10" id="yf013e6ae-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s105/a/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>The heading of paragraph (4) of section 529(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText><headingText class="smallCaps">No</headingText></quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText><headingText class="smallCaps">Limited</headingText></quotedText>”.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf013e6af-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tI/s105/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf013e6b0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s529">26 USC 529 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</content></subsection> </section> <num value="II">TITLE II—</num><heading>OFFSETS</heading> <section id="d270244e13668" identifier="/us/pl/113/295/dB/tII/s201" style="-uslm-lc:I658143"><num class="fontsize12" value="201">SEC. 201. </num><heading>CORRECTION TO WORKERS COMPENSATION OFFSET AGE.</heading><subsection class="firstIndent0 fontsize10" id="yf0140dc1-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s201/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Retirement Age</inline>.—</heading><content>Section 224(a) of the Social Security Act (<ref href="/us/usc/t42/s424a/a">42 U.S.C. 424a(a)</ref>) <amendingAction type="amend">is amended</amendingAction>, in the matter preceding paragraph (1), by <amendingAction type="delete">striking</amendingAction> “<quotedText>the age of 65</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>retirement age (as defined in section 216(l)(1))</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf0140dc2-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s201/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0140dc3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s424a">26 USC 424a note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by subsection (a) shall apply with respect to any individual who attains 65 years of age on or after the date that is 12 months after the date of the enactment of this Act.<page identifier="/us/stat/128/4065">128 STAT. 4065</page></content></subsection> </section> <section id="d270244e13712" identifier="/us/pl/113/295/dB/tII/s202" role="instruction" style="-uslm-lc:I658143"><num class="fontsize12" value="202">SEC. 202. </num><heading>ACCELERATED APPLICATION OF RELATIVE VALUE TARGETS FOR MISVALUED SERVICES IN THE MEDICARE PHYSICIAN FEE SCHEDULE.</heading><chapeau class="indentUp0 firstIndent0 fontsize10" id="xf0145be4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120">  Section 1848(c) of the Social Security Act (<ref href="/us/usc/t42/s1395w–4/c">42 U.S.C. 1395w–4(c)</ref>) <amendingAction type="amend">is amended</amendingAction>—</chapeau><paragraph class="fontsize10" id="yf0145be5-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><chapeau>in subclause (VIII) of paragraph (2)(B)(v), as added by section 220(d)(2) of the Protecting Access to Medicare Act of 2014 (<ref href="/us/pl/113/93">Public Law 113–93</ref>)—</chapeau><subparagraph class="fontsize10" id="yf0145be6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/1/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>2017</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2016</quotedText>”; and</content></subparagraph> <subparagraph class="fontsize10" id="yf0145be7-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/1/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>by <amendingAction type="redesignate">redesignating</amendingAction> such subclause as subclause (IX);</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0145be8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><chapeau>in paragraph (2)(O)—</chapeau><subparagraph class="fontsize10" id="yf0145be9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>in the matter preceding clause (i), by <amendingAction type="delete">striking</amendingAction> “<quotedText>2017 through 2020</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2016 through 2018</quotedText>”;</content></subparagraph> <subparagraph class="fontsize10" id="yf0145bea-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>in clause (iii), by <amendingAction type="delete">striking</amendingAction> “<quotedText>2017</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2016</quotedText>”; and</content></subparagraph> <subparagraph class="fontsize10" id="yf0145beb-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/2/C" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">(C) </num><content>in clause (v), by <amendingAction type="insert">inserting</amendingAction> “<quotedText>(or, for 2016, 1.0 percent)</quotedText>” after “<quotedText>0.5 percent</quotedText>”; and</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0145bec-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s202/3" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>in paragraph (7), by <amendingAction type="delete">striking</amendingAction> “<quotedText>2017</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2016</quotedText>”.</content></paragraph> </section> <section id="d270244e13805" identifier="/us/pl/113/295/dB/tII/s203" role="instruction" style="-uslm-lc:I658143"><num class="fontsize12" value="203">SEC. 203. </num><heading>CONSISTENT TREATMENT OF VACUUM ERECTION SYSTEMS IN MEDICARE PARTS B AND D.</heading><content class="firstIndent0 fontsize10" id="xf0145bed-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120">   Section 1834(a)(1) of the Social Security Act (<ref href="/us/usc/t42/s1395m/a/1">42 U.S.C. 1395m(a)(1)</ref>) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subparagraph:<quotedContent><subparagraph class="indentUp2 fontsize10" id="yf0145bee-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="I">“(I) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0145bef-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Effective date.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Treatment of vacuum erection systems</inline>.—</heading><content>Effective for items and services furnished on and after July 1, 2015, vacuum erection systems described as prosthetic devices described in section 1861(s)(8) shall be treated in the same manner as erectile dysfunction drugs are treated for purposes of section 1860D-2(e)(2)(A).”</content></subparagraph> </quotedContent>.</content></section> <section id="d270244e13836" identifier="/us/pl/113/295/dB/tII/s204" role="instruction" style="-uslm-lc:I658143"><num class="fontsize12" value="204">SEC. 204. </num><heading>ONE-YEAR DELAY OF IMPLEMENTATION OF ORAL-ONLY POLICY UNDER MEDICARE ESRD PROSPECTIVE PAYMENT SYSTEM.</heading><content style="-uslm-lc:I658120">  Section 632(b)(1) of the American Taxpayer Relief Act of 2012 (<ref href="/us/usc/t42/s1395rr">42 U.S.C. 1395rr note</ref>), as amended by section 217(a)(1) of the Protecting Access to Medicare Act of 2014 (<ref href="/us/pl/113/93">Public Law 113–93</ref>), <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>2024</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>2025</quotedText>”.</content></section> <section id="d270244e13859" identifier="/us/pl/113/295/dB/tII/s205" style="-uslm-lc:I658143"><num class="fontsize12" value="205">SEC. 205. </num><heading>MODIFICATION RELATING TO INLAND WATERWAYS TRUST FUND FINANCING RATE.</heading><subsection class="firstIndent0 fontsize10" id="yf0148300-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s205/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0148301-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4042">26 USC 4042</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Section 4042(b)(2)(A) <amendingAction type="amend">is amended</amendingAction> to read as follows:<quotedContent><subparagraph class="indentUp2 fontsize10" id="yf014aa12-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>The Inland Waterways Trust Fund financing rate is 29 cents per gallon.”</content></subparagraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf014aa13-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s205/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf014aa14-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s4042">26 USC 4042 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to fuel used after March 31, 2015.</content></subsection> </section> <section id="d270244e13903" identifier="/us/pl/113/295/dB/tII/s206" style="-uslm-lc:I658143"><num class="fontsize12" value="206">SEC. 206. </num><heading>CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS.</heading><subsection class="firstIndent0 fontsize10" id="yf0176935-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Employment Taxes</inline>.—</heading><content>Chapter 25 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new section:<quotedContent><section class="indentUp2 firstIndent-2" id="yf0182c86-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658144"><num class="bold" value="3511">“SEC. 3511. </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0182c87-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s3511">26 USC 3511</ref>.</p></sidenote><heading class="bold">CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS.</heading><subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182c88-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">“(a) </num><heading class="fontsize10"><inline class="smallCaps">General Rules</inline>.—</heading><chapeau>For purposes of the taxes, and other obligations, imposed by this subtitle—</chapeau><paragraph class="fontsize10" id="yf0182c89-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>a certified professional employer organization shall be treated as the employer (and no other person shall be <page identifier="/us/stat/128/4066">128 STAT. 4066</page> treated as the employer) of any work site employee performing services for any customer of such organization, but only with respect to remuneration remitted by such organization to such work site employee, and</content></paragraph> <paragraph class="fontsize10" id="yf0182c8a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0182c8b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote><content>the exemptions, exclusions, definitions, and other rules which are based on type of employer and which would (but for paragraph (1)) apply shall apply with respect to such taxes imposed on such remuneration.</content></paragraph> </subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182c8c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0182c8d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Contracts.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Successor Employer Status</inline>.—</heading><chapeau>For purposes of sections 3121(a)(1), 3231(e)(2)(C), and 3306(b)(1)—</chapeau><paragraph class="fontsize10" id="yf0182c8e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>a certified professional employer organization entering into a service contract with a customer with respect to a work site employee shall be treated as a successor employer and the customer shall be treated as a predecessor employer during the term of such service contract, and</content></paragraph> <paragraph class="fontsize10" id="yf0182c8f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><content>a customer whose service contract with a certified professional employer organization is terminated with respect to a work site employee shall be treated as a successor employer and the certified professional employer organization shall be treated as a predecessor employer.</content></paragraph> </subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182c90-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">“(c) </num><heading class="fontsize10"><inline class="smallCaps">Liability of Certified Professional Employer Organization</inline>.—</heading><chapeau>Solely for purposes of its liability for the taxes and other obligations imposed by this subtitle—</chapeau><paragraph class="fontsize10" id="yf0182c91-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>a certified professional employer organization shall be treated as the employer of any individual (other than a work site employee or a person described in subsection (f)) who is performing services covered by a contract meeting the requirements of section 7705(e)(2), but only with respect to remuneration remitted by such organization to such individual, and</content></paragraph> <paragraph class="fontsize10" id="yf0182c92-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0182c93-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote><content>the exemptions, exclusions, definitions, and other rules which are based on type of employer and which would (but for paragraph (1)) apply shall apply with respect to such taxes imposed on such remuneration.</content></paragraph> </subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182c94-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">“(d) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of Credits</inline>.—</heading><paragraph class="fontsize10" id="yf0182c95-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>For purposes of any credit specified in paragraph (2)—</chapeau><subparagraph class="fontsize10" id="yf0182c96-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>such credit with respect to a work site employee performing services for the customer applies to the customer, not the certified professional employer organization,</content></subparagraph> <subparagraph class="fontsize10" id="yf0182c97-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><chapeau>the customer, and not the certified professional employer organization, shall take into account wages and employment taxes—</chapeau><clause class="fontsize10" id="yf0182c98-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>paid by the certified professional employer organization with respect to the work site employee, and</content></clause> <clause class="fontsize10" id="yf0182c99-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>for which the certified professional employer organization receives payment from the customer, and</content></clause> </subparagraph> <subparagraph class="fontsize10" id="yf0182c9a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><content>the certified professional employer organization shall furnish the customer and the Secretary with any information necessary for the customer to claim such credit.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0182c9b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Credits specified</inline>.—</heading><chapeau>A credit is specified in this paragraph if such credit is allowed under—</chapeau><subparagraph class="fontsize10" id="yf0182c9c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>section 41 (credit for increasing research activity),</content></subparagraph> <subparagraph class="fontsize10" id="yf0182c9d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>section 45A (Indian employment credit),</content></subparagraph> <subparagraph class="fontsize10" id="yf0182c9e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><content>section 45B (credit for portion of employer social security taxes paid with respect to employee cash tips),<page identifier="/us/stat/128/4067">128 STAT. 4067</page></content></subparagraph> <subparagraph class="fontsize10" id="yf0182c9f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><content>section 45C (clinical testing expenses for certain drugs for rare diseases or conditions),</content></subparagraph> <subparagraph class="fontsize10" id="yf0182ca0-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">“(E) </num><content>section 45R (employee health insurance expenses of small employers),</content></subparagraph> <subparagraph class="fontsize10" id="yf0182ca1-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">“(F) </num><content>section 51 (work opportunity credit),</content></subparagraph> <subparagraph class="fontsize10" id="yf0182ca2-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="G">“(G) </num><content>section 1396 (empowerment zone employment credit), and</content></subparagraph> <subparagraph class="fontsize10" id="yf0182ca3-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="H">“(H) </num><content>any other section as provided by the Secretary.</content></subparagraph> </paragraph> </subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182ca4-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Special Rule for Related Party</inline>.—</heading><content>This section shall not apply in the case of a customer which bears a relationship to a certified professional employer organization described in section 267(b) or 707(b). <sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0182ca5-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote>For purposes of the preceding sentence, such sections shall be applied by substituting ‘10 percent’ for ‘50 percent’.</content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182ca6-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">“(f) </num><heading class="fontsize10"><inline class="smallCaps">Special Rule for Certain Individuals</inline>.—</heading><content>For purposes of the taxes imposed under this subtitle, an individual with net earnings from self-employment derived from the customer’s trade or business (including a partner in a partnership that is a customer) is not a work site employee with respect to remuneration paid by a certified professional employer organization.</content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0182ca7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">“(g) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0182ca8-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Records.</p><p class="leftAlign firstIndent0 fontsize8" id="xf0182ca9-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Regulations.</p><p class="leftAlign firstIndent0 fontsize8" id="xf0182caa-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Procedures.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Reporting Requirements and Obligations</inline>.—</heading><chapeau>The Secretary shall develop such reporting and recordkeeping rules, regulations, and procedures as the Secretary determines necessary or appropriate to ensure compliance with this title by certified professional employer organizations or persons that have been so certified. Such rules shall include—</chapeau><paragraph class="fontsize10" id="yf0182cab-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>notification of the Secretary in such manner as the Secretary shall prescribe in the case of the commencement or termination of a service contract described in section 7705(e)(2) between such a person and a customer, and the employer identification number of such customer,</content></paragraph> <paragraph class="fontsize10" id="yf0182cac-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><content>such information as the Secretary determines necessary for the customer to claim the credits identified in subsection (d) and the manner in which such information is to be provided, as prescribed by the Secretary, and</content></paragraph> <paragraph class="fontsize10" id="yf0182cad-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><content>such other information as the Secretary determines is essential to promote compliance with respect to the credits identified in subsection (d) and section 3302, and</content></paragraph> </subsection> </section> <continuation class="fontsize10" id="xf0182cae-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120">shall be designed in a manner which streamlines, to the extent possible, the application of requirements of this section and section 7705, the exchange of information between a certified professional employer organization and its customers, and the reporting and recordkeeping obligations of the certified professional employer organization.</continuation><subsection class="firstIndent0 fontsize10" id="yf0182caf-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">“(h) </num><heading class="fontsize10"><inline class="smallCaps">Regulations</inline>.—</heading><content>The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section.”</content></subsection> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf0182cb0-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/b" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Certified Professional Employer Organization Defined</inline>.—</heading><content>Chapter 79 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new section:<quotedContent><section class="indentUp2 firstIndent-2" id="yf0191611-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658144"><num class="bold" value="7705">“SEC. 7705. </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0191612-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s7705">26 USC 7705</ref>.</p></sidenote><heading class="bold">CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS.</heading><subsection class="indentDown2 firstIndent0 fontsize10" id="yf0191613-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">“(a) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0191614-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Definition.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>For purposes of this title, the term ‘<term>certified professional employer organization</term>’ means a person who applies to be treated as a certified professional employer organization for purposes of section 3511 and has been certified by the Secretary as meeting the requirements of subsection (b).<page identifier="/us/stat/128/4068">128 STAT. 4068</page></content></subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf0191615-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">“(b) </num><heading class="fontsize10"><inline class="smallCaps">Certification Requirements</inline>.—</heading><chapeau>A person meets the requirements of this subsection if such person—</chapeau><paragraph class="fontsize10" id="yf0191616-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>demonstrates that such person (and any owner, officer, and other persons as may be specified in regulations) meets such requirements as the Secretary shall establish, including requirements with respect to tax status, background, experience, business location, and annual financial audits,</content></paragraph> <paragraph class="fontsize10" id="yf0191617-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><content>agrees that it will satisfy the bond and independent financial review requirements of subsection (c) on an ongoing basis,</content></paragraph> <paragraph class="fontsize10" id="yf0191618-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><content>agrees that it will satisfy such reporting obligations as may be imposed by the Secretary,</content></paragraph> <paragraph class="fontsize10" id="yf0191619-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><content>computes its taxable income using an accrual method of accounting unless the Secretary approves another method,</content></paragraph> <paragraph class="fontsize10" id="yf019161a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><content>agrees to verify on such periodic basis as the Secretary may prescribe that it continues to meet the requirements of this subsection, and</content></paragraph> <paragraph class="fontsize10" id="yf019161b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019161c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Notification.</p></sidenote><content>agrees to notify the Secretary in writing within such time as the Secretary may prescribe of any change that materially affects the continuing accuracy of any agreement or information that was previously made or provided under this subsection.</content></paragraph> </subsection> <subsection class="indentDown2 firstIndent0 fontsize10" id="yf019161d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">“(c) </num><heading class="fontsize10"><inline class="smallCaps">Bond and Independent Financial Review</inline>.—</heading><paragraph class="fontsize10" id="yf019161e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>An organization meets the requirements of this paragraph if such organization—</chapeau><subparagraph class="fontsize10" id="yf019161f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>meets the bond requirements of paragraph (2), and</content></subparagraph> <subparagraph class="fontsize10" id="yf0191620-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>meets the independent financial review requirements of paragraph (3).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0191621-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Bond</inline>.—</heading><subparagraph class="fontsize10" id="yf0191622-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>A certified professional employer organization meets the requirements of this paragraph if the organization has posted a bond for the payment of taxes under subtitle C (in a form acceptable to the Secretary) that is in an amount at least equal to the amount specified in subparagraph (B).</content></subparagraph> <subparagraph class="fontsize10" id="yf0191623-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Amount of bond</inline>.—</heading><chapeau>For the period April 1 of any calendar year through March 31 of the following calendar year, the amount of the bond required is equal to the greater of—</chapeau><clause class="fontsize10" id="yf0191624-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>5 percent of the organization’s liability under section 3511 for taxes imposed by subtitle C during the preceding calendar year (but not to exceed $1,000,000), or</content></clause> <clause class="fontsize10" id="yf0191625-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>$50,000.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0191626-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Independent financial review requirements</inline>.—</heading><chapeau>A certified professional employer organization meets the requirements of this paragraph if such organization—</chapeau><subparagraph class="fontsize10" id="yf0191627-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>has, as of the most recent audit date, caused to be prepared and provided to the Secretary (in such manner as the Secretary may prescribe) an opinion of an independent certified public accountant as to whether the certified professional employer organization’s financial statements are presented fairly in accordance with generally accepted accounting principles, and</content></subparagraph> <subparagraph class="fontsize10" id="yf0191628-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>provides to the Secretary an assertion regarding Federal employment tax payments and an examination <page identifier="/us/stat/128/4069">128 STAT. 4069</page> level attestation on such assertion from an independent certified public accountant not later than the last day of the second month beginning after the end of each calendar quarter.</content></subparagraph> </paragraph> </subsection> </section> <continuation class="indentUp1 firstIndent1 fontsize10" id="xf0191629-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122">Such assertion shall state that the organization has withheld and made deposits of all taxes imposed by chapters 21, 22, and 24 in accordance with regulations imposed by the Secretary for such calendar quarter and such examination level attestation shall state that such assertion is fairly stated, in all material respects.</continuation><paragraph class="fontsize10" id="yf019162a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Controlled group rules</inline>.—</heading><content>For purposes of the requirements of paragraphs (2) and (3), all certified professional employer organizations that are members of a controlled group within the meaning of sections 414(b) and (c) shall be treated as a single organization.</content></paragraph> <paragraph class="fontsize10" id="yf019162b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="5">“(5) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019162c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Failure to file assertion and attestation</inline>.—</heading><content>If the certified professional employer organization fails to file the assertion and attestation required by paragraph (3) with respect to any calendar quarter, then the requirements of paragraph (3) with respect to such failure shall be treated as not satisfied for the period beginning on the due date for such attestation.</content></paragraph> <paragraph class="fontsize10" id="yf019162d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><heading class="fontsize10"><inline class="smallCaps">Audit date</inline>.—</heading><chapeau>For purposes of paragraph (3)(A), the audit date shall be six months after the completion of the organization’s fiscal year.</chapeau><subsection class="indentDown1 firstIndent0 fontsize10" id="yf019162e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">“(d) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019162f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Determination.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Suspension and Revocation Authority</inline>.—</heading><content>The Secretary may suspend or revoke a certification of any person under subsection (b) for purposes of section 3511 if the Secretary determines that such person is not satisfying the agreements or requirements of subsections (b) or (c), or fails to satisfy applicable accounting, reporting, payment, or deposit requirements.</content></subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0191630-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Work Site Employee</inline>.—</heading><chapeau>For purposes of this title—</chapeau><paragraph class="fontsize10" id="yf0191631-e87c-11f0-a1e4-69761a48a15a" role="definitions" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0191632-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Definition.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><chapeau>The term ‘<term>work site employee</term>’ means, with respect to a certified professional employer organization, an individual who—</chapeau><subparagraph class="fontsize10" id="yf0191633-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>performs services for a customer pursuant to a contract which is between such customer and the certified professional employer organization and which meets the requirements of paragraph (2), and</content></subparagraph> <subparagraph class="fontsize10" id="yf0191634-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>performs services at a work site meeting the requirements of paragraph (3).</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0191635-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Service contract requirements</inline>.—</heading><chapeau>A contract meets the requirements of this paragraph with respect to an individual performing services for a customer if such contract is in writing and provides that the certified professional employer organization shall—</chapeau><subparagraph class="fontsize10" id="yf0193d46-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>assume responsibility for payment of wages to such individual, without regard to the receipt or adequacy of payment from the customer for such services,</content></subparagraph> <subparagraph class="fontsize10" id="yf0193d47-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>assume responsibility for reporting, withholding, and paying any applicable taxes under subtitle C, with respect to such individual’s wages, without regard to the receipt or adequacy of payment from the customer for such services,</content></subparagraph> <subparagraph class="fontsize10" id="yf0193d48-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><content>assume responsibility for any employee benefits which the service contract may require the certified professional employer organization to provide, without regard <page identifier="/us/stat/128/4070">128 STAT. 4070</page> to the receipt or adequacy of payment from the customer for such benefits,</content></subparagraph> <subparagraph class="fontsize10" id="yf0193d49-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="D">“(D) </num><content>assume responsibility for recruiting, hiring, and firing workers in addition to the customer’s responsibility for recruiting, hiring, and firing workers,</content></subparagraph> <subparagraph class="fontsize10" id="yf0193d4a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="E">“(E) </num><content>maintain employee records relating to such individual, and</content></subparagraph> <subparagraph class="fontsize10" id="yf0193d4b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="F">“(F) </num><content>agree to be treated as a certified professional employer organization for purposes of section 3511 with respect to such individual.</content></subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0193d4c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">“(3) </num><heading class="fontsize10"><inline class="smallCaps">Work site coverage requirement</inline>.—</heading><content>The requirements of this paragraph are met with respect to an individual if at least 85 percent of the individuals performing services for the customer at the work site where such individual performs services are subject to 1 or more contracts with the certified professional employer organization which meet the requirements of paragraph (2) (but not taking into account those individuals who are excluded employees within the meaning of section 414(q)(5)).</content></paragraph> </subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0193d4d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">“(f) </num><heading class="fontsize10"><inline class="smallCaps">Public Disclosure</inline>.—</heading><chapeau>The Secretary shall make available to the public the name and address of—</chapeau><paragraph class="fontsize10" id="yf0193d4e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><content>each person certified as a professional employer organization under subsection (a), and</content></paragraph> <paragraph class="fontsize10" id="yf0193d4f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><content>each person whose certification as a professional employer organization is suspended or revoked under subsection (d).</content></paragraph> </subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0193d50-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">“(g) </num><heading class="fontsize10"><inline class="smallCaps">Determination of Employment Status</inline>.—</heading><content>Except to the extent necessary for purposes of section 3511, nothing in this section shall be construed to affect the determination of who is an employee or employer for purposes of this title.</content></subsection> <subsection class="indentDown1 firstIndent0 fontsize10" id="yf0193d51-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">“(h) </num><heading class="fontsize10"><inline class="smallCaps">Regulations</inline>.—</heading><content>The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section.”</content></subsection> </paragraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf0193d52-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Conforming Amendments</inline>.—</heading><paragraph class="fontsize10" id="yf0193d53-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>Section 3302<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0193d54-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s3302">26 USC 3302</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yf0193d55-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">“(h) </num><heading class="fontsize10"><inline class="smallCaps">Treatment of Certified Professional Employer Organizations</inline>.—</heading><content>If a certified professional employer organization (as defined in section 7705), or a customer of such organization, makes a contribution to the State’s unemployment fund with respect to wages paid to a work site employee, such certified professional employer organization shall be eligible for the credits available under this section with respect to such contribution.”</content></subsection> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf0193d56-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><chapeau>Section 3303(a) <amendingAction type="amend">is amended</amendingAction>—</chapeau><subparagraph class="fontsize10" id="yf0193d57-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/2/A" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>by <amendingAction type="delete">striking</amendingAction> the period at the end of paragraph (3) and <amendingAction type="insert">inserting</amendingAction> “<quotedText>; and</quotedText>” and by <amendingAction type="insert">inserting</amendingAction> after paragraph (3) the following new paragraph:<quotedContent><paragraph class="indentDown1 fontsize10" id="yf0193d58-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><content>if the taxpayer is a certified professional employer organization (as defined in section 7705) that is treated as the employer under section 3511, such certified professional employer organization is permitted to collect and remit, in accordance with paragraphs (1), (2), and (3), contributions during the taxable year to the State unemployment fund with respect to a work site employee.”</content></paragraph> </quotedContent>, and</content></subparagraph> <subparagraph class="fontsize10" id="yf0193d59-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/2/B" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><chapeau>in the last sentence—</chapeau><clause class="fontsize10" id="yf0193d5a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/2/B/i" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">(i) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>paragraphs (1), (2), and (3)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>paragraphs (1), (2), (3), and (4)</quotedText>”, and<page identifier="/us/stat/128/4071">128 STAT. 4071</page></content></clause> <clause class="fontsize10" id="yf0193d5b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/2/B/ii" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">(ii) </num><content>by <amendingAction type="delete">striking</amendingAction> “<quotedText>paragraph (1), (2), or (3)</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>paragraph (1), (2), (3), or (4)</quotedText>”.</content></clause> </subparagraph> </paragraph> <paragraph class="fontsize10" id="yf0193d5c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/3" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="3">(3) </num><content>Section 6053(c)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0193d5d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6053">26 USC 6053</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf019646e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="8">“(8) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019646f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Deadline.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Certified professional employer organizations</inline>.—</heading><content>For purposes of any report required by this subsection, in the case of a certified professional employer organization that is treated under section 3511 as the employer of a work site employee, the customer with respect to whom a work site employee performs services shall be the employer for purposes of reporting under this section and the certified professional employer organization shall furnish to the customer and the Secretary any information the Secretary prescribes as necessary to complete such reporting no later than such time as the Secretary shall prescribe.”</content></paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf0196470-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/c/4" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">(4) </num><content>Section 6652 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="indentDown1 firstIndent0 fontsize10" id="yf0196471-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="n">“(n) </num><heading class="fontsize10"><inline class="smallCaps">Failure to Make Reports Required Under Sections </inline>3511<inline class="smallCaps">, </inline>6053(c)(8)<inline class="smallCaps">, and </inline>7705.—</heading><content>In the case of a failure to make a report required under section 3511, 6053(c)(8), or 7705 which contains the information required by such section on the date prescribed therefor (determined with regard to any extension of time for filing), there shall be paid (on notice and demand by the Secretary and in the same manner as tax) by the person failing to make such report, an amount equal to $50 for each report with respect to which there was such a failure.<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0196472-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote> In the case of any failure due to negligence or intentional disregard the preceding sentence shall be applied by substituting ‘$100’ for ‘$50’.”</content></subsection> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf0196473-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/d" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Clerical Amendments</inline>.—</heading><paragraph class="fontsize10" id="yf0196474-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/d/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>The table of sections for chapter 25<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0196475-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf0196476-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 3501.<?GPOvSpace 04?></p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new item:<quotedContent><toc> <referenceItem role="section" style="-uslm-lc:I658242"> <designator>“Sec. 3511. </designator> <label>Certified professional employer organizations.”.<?GPOvSpace 04?></label> </referenceItem></toc> </quotedContent></content></paragraph> <paragraph class="fontsize10" id="yf0196477-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/d/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>The table of sections for chapter 79<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0196478-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">26 USC</p><p class="leftAlign firstIndent0 fontsize8" id="xf0196479-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">prec. 7701.<?GPOvSpace 04?></p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="insert">inserting</amendingAction> after the item relating to section 7704 the following new item:<quotedContent><toc> <referenceItem role="section" style="-uslm-lc:I658242"> <designator>“Sec. 7705. </designator> <label>Certified professional employer organizations.”.<?GPOvSpace 04?></label> </referenceItem></toc> </quotedContent></content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf019647a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/f" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><heading class="fontsize10"><inline class="smallCaps">User Fees</inline>.—</heading><content>Section 7528(b) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<quotedContent><paragraph class="fontsize10" id="yf019647b-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="4">“(4) </num><heading class="fontsize10"><inline class="smallCaps">Certified professional employer organizations</inline>.—</heading><content>The fee charged under the program in connection with the certification by the Secretary of a professional employer organization under section 7705 shall be an annual fee not to exceed $1,000 per year.”</content></paragraph> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf019647c-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/g" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">(g) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019647d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s3302">26 USC 3302 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Dates</inline>.—</heading><paragraph class="fontsize10" id="yf019647e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/g/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>The amendments made by this section shall apply with respect to wages for services performed on or after January 1 of the first calendar year beginning more than 12 months after the date of the enactment of this Act.</content></paragraph> <paragraph class="fontsize10" id="yf019647f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/g/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0196480-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Deadline.</p><p class="leftAlign firstIndent0 fontsize8" id="xf0196481-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s27705">26 USC 27705 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Certification program</inline>.—</heading><content>The Secretary of the Treasury shall establish the certification program described in section 7705(b) of the Internal Revenue Code of 1986, as added by subsection (b), not later than 6 months before the effective date determined under paragraph (1).</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf0196482-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/h" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">(h) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf0196483-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s3302">26 USC 3302 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">No Inference</inline>.—</heading><chapeau>Nothing contained in this section or the amendments made by this section shall be construed to create <page identifier="/us/stat/128/4072">128 STAT. 4072</page> any inference with respect to the determination of who is an employee or employer—</chapeau><paragraph class="fontsize10" id="yf0196484-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/h/1" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>for Federal tax purposes (other than the purposes set forth in the amendments made by this section), or</content></paragraph> <paragraph class="fontsize10" id="yf0196485-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s206/h/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>for purposes of any other provision of law.</content></paragraph> </subsection> </section> <section id="d270244e14834" identifier="/us/pl/113/295/dB/tII/s207" style="-uslm-lc:I658143"><num class="fontsize12" value="207">SEC. 207. </num><heading>EXCLUSION OF DIVIDENDS FROM CONTROLLED FOREIGN CORPORATIONS FROM THE DEFINITION OF PERSONAL HOLDING COMPANY INCOME FOR PURPOSES OF THE PERSONAL HOLDING COMPANY RULES.</heading><subsection class="firstIndent0 fontsize10" id="yf019b2a6-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s207/a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><chapeau>Section 543(a)(1) is<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019b2a7-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s543">26 USC 543</ref>.</p></sidenote> amended—</chapeau><paragraph class="fontsize10" id="yf019b2a8-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s207/a/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><content>by <amendingAction type="redesignate">redesignating</amendingAction> subparagraphs (C) and (D) as subparagraphs (D) and (E), respectively, and</content></paragraph> <paragraph class="fontsize10" id="yf019b2a9-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s207/a/2" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><content>by <amendingAction type="insert">inserting</amendingAction> after subparagraph (B) the following:<quotedContent><subparagraph class="fontsize10" id="yf019b2aa-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="C">“(C) </num><content>dividends received by a United States shareholder (as defined in section 951(b)) from a controlled foreign corporation (as defined in section 957(a)),”</content></subparagraph> </quotedContent>.</content></paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf019b2ab-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s207/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf019b2ac-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s543">26 USC 543 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this Act shall apply to taxable years ending on or after the date of the enactment of this Act.</content></subsection> </section> <section id="d270244e14894" identifier="/us/pl/113/295/dB/tII/s208" style="-uslm-lc:I658143"><num class="fontsize12" value="208">SEC. 208. </num><heading>INFLATION ADJUSTMENT FOR CERTAIN CIVIL PENALTIES UNDER THE INTERNAL REVENUE CODE OF 1986.</heading><subsection class="firstIndent0 fontsize10" id="yf01a4eed-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">Failure To File Tax Return or Pay Tax</inline>.—</heading><content>Section 6651 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="firstIndent0 fontsize10" id="yf01a75fe-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><heading class="fontsize10"><inline class="smallCaps">Adjustment for Inflation</inline>.—</heading><paragraph class="fontsize10" id="yf01a75ff-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01a7600-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>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 ‘calendar year 2013’ for ‘calendar year 1992’ in subparagraph (B) thereof.</content></paragraph> <paragraph class="fontsize10" id="yf01a7601-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Rounding</inline>.—</heading><content>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.”</content></paragraph> </subsection> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01a7602-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><heading class="fontsize10"><inline class="smallCaps">Failure To File Certain Information Returns, Registration Statements, ETC</inline>.—</heading><paragraph class="fontsize10" id="yf01a7603-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/b/1" role="instruction" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">(1) </num><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>Section 6652(c) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new paragraph:<quotedContent><paragraph class="indentUp0 fontsize10" id="yf01a9d14-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="6">“(6) </num><heading class="fontsize10"><inline class="smallCaps">Adjustment for inflation</inline>.—</heading><subparagraph class="fontsize10" id="yf01a9d15-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01a9d16-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>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 ‘calendar year 2013’ for ‘calendar year 1992’ in subparagraph (B) thereof.</content></subparagraph> <subparagraph class="fontsize10" id="yf01a9d17-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><heading class="fontsize10"><inline class="smallCaps">Rounding</inline>.—</heading><chapeau>If any amount adjusted under subparagraph (A)—</chapeau><clause class="fontsize10" id="yf01a9d18-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="i">“(i) </num><content>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</content></clause> <clause class="fontsize10" id="yf01a9d19-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658126"><num class="fontsize10" style="-uslm-lc:emspace2" value="ii">“(ii) </num><content>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.”</content></clause> </subparagraph> </paragraph> </quotedContent>.</content></paragraph> <paragraph class="fontsize10" id="yf01a9d1a-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/b/2" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">(2) </num><heading class="fontsize10"><inline class="smallCaps">Conforming amendments</inline>.—</heading><page identifier="/us/stat/128/4073">128 STAT. 4073</page> <subparagraph class="fontsize10" id="yf01a9d1b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/b/2/A" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">(A) </num><content>The last sentence of section<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01a9d1c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6652">26 USC 6652</ref>.</p><p class="leftAlign firstIndent0 fontsize8" id="xf01a9d1d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Applicability.</p></sidenote> 6652(c)(1)(A) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the first sentence of this subparagraph shall be applied by substituting ‘$100’ for ‘$20’ and</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>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</quotedText>”.</content></subparagraph> <subparagraph class="fontsize10" id="yf01a9d1e-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/b/2/B" role="instruction" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">(B) </num><content>Section 6652(c)(2)(C)(ii) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>the first sentence of paragraph (1)(A)</quotedText>” and all that follows and <amendingAction type="insert">inserting</amendingAction> “<quotedText>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</quotedText>”.</content></subparagraph> </paragraph> </subsection> <subsection class="firstIndent0 fontsize10" id="yf01a9d1f-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/c" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="c">(c) </num><heading class="fontsize10"><inline class="smallCaps">Other Assessable Penalties With Respect to the Preparation of Tax Returns for Other Persons</inline>.—</heading><content>Section 6695 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="firstIndent0 fontsize10" id="yf01ac430-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">“(h) </num><heading class="fontsize10"><inline class="smallCaps">Adjustment for Inflation</inline>.—</heading><paragraph class="fontsize10" id="yf01ac431-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01ac432-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>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 ‘calendar year 2013’ for ‘calendar year 1992’ in subparagraph (B) thereof.</content></paragraph> <paragraph class="fontsize10" id="yf01ac433-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Rounding</inline>.—</heading><chapeau>If any amount adjusted under subparagraph (A)—</chapeau><subparagraph class="fontsize10" id="yf01ac434-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="A">“(A) </num><content>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</content></subparagraph> <subparagraph class="fontsize10" id="yf01ac435-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658124"><num class="fontsize10" style="-uslm-lc:emspace2" value="B">“(B) </num><content>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.”</content></subparagraph> </paragraph> </subsection> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01ac436-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/d" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="d">(d) </num><heading class="fontsize10"><inline class="smallCaps">Failure To File Partnership Return</inline>.—</heading><content>Section 6698 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="firstIndent0 fontsize10" id="yf01aeb47-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Adjustment for Inflation</inline>.—</heading><paragraph class="fontsize10" id="yf01aeb48-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01aeb49-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>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 ‘calendar year 2013’ for ‘calendar year 1992’ in subparagraph (B) thereof.</content></paragraph> <paragraph class="fontsize10" id="yf01aeb4a-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Rounding</inline>.—</heading><content>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.”</content></paragraph> </subsection> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01aeb4b-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/e" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">(e) </num><heading class="fontsize10"><inline class="smallCaps">Failure To File S Corporation Return</inline>.—</heading><content>Section 6699 <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="add">adding</amendingAction> at the end the following new subsection:<quotedContent><subsection class="firstIndent0 fontsize10" id="yf01aeb4c-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="e">“(e) </num><heading class="fontsize10"><inline class="smallCaps">Adjustment for Inflation</inline>.—</heading><paragraph class="fontsize10" id="yf01aeb4d-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="1">“(1) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01aeb4e-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180">Time period.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">In general</inline>.—</heading><content>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 ‘calendar year 2013’ for ‘calendar year 1992’ in subparagraph (B) thereof.<page identifier="/us/stat/128/4074">128 STAT. 4074</page></content></paragraph> <paragraph class="fontsize10" id="yf01aeb4f-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658122"><num class="fontsize10" style="-uslm-lc:emspace2" value="2">“(2) </num><heading class="fontsize10"><inline class="smallCaps">Rounding</inline>.—</heading><content>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.”</content></paragraph> </subsection> </quotedContent>.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01aeb50-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/f" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="f">(f) </num><heading class="fontsize10"><inline class="smallCaps">Failure To File Correct Information Returns</inline>.—</heading><content>Section 6721(f)(1)<sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01aeb51-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6721">26 USC 6721</ref>.</p></sidenote> <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>For each fifth calendar year beginning after 2012</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>In the case of any failure relating to a return required to be filed in a calendar year beginning after 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01aeb52-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/g" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="g">(g) </num><heading class="fontsize10"><inline class="smallCaps">Failure To Furnish Correct Payee Statements</inline>.—</heading><content>Section 6722(f)(1) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> “<quotedText>For each fifth calendar year beginning after 2012</quotedText>” and <amendingAction type="insert">inserting</amendingAction> “<quotedText>In the case of any failure relating to a statement required to be furnished in a calendar year beginning after 2014</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01aeb53-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s208/h" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="h">(h) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01aeb54-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6651">26 USC 6651 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendments made by this section shall apply to returns required to be filed after December 31, 2014.</content></subsection> </section> <section id="d270244e15273" identifier="/us/pl/113/295/dB/tII/s209" style="-uslm-lc:I658143"><num class="fontsize12" value="209">SEC. 209. </num><heading>INCREASE IN CONTINUOUS LEVY.</heading><subsection class="firstIndent0 fontsize10" id="yf01b1265-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s209/a" role="instruction" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="a">(a) </num><heading class="fontsize10"><inline class="smallCaps">In General</inline>.—</heading><content>Paragraph (3) of section 6331(h) <amendingAction type="amend">is amended</amendingAction> by <amendingAction type="delete">striking</amendingAction> the period at the end and <amendingAction type="insert">inserting</amendingAction> “<quotedText>and by substituting ‘30 percent’ for ‘15 percent’ in the case of any specified payment due to a Medicare provider or supplier under title XVIII of the Social Security Act.</quotedText>”.</content></subsection> <subsection class="firstIndent0 fontsize10" id="yf01b1266-e87c-11f0-a1e4-69761a48a15a" identifier="/us/pl/113/295/dB/tII/s209/b" style="-uslm-lc:I658120"><num class="fontsize10" style="-uslm-lc:emspace2" value="b">(b) </num><sidenote><p class="leftAlign firstIndent0 fontsize8" id="xf01b1267-e87c-11f0-a1e4-69761a48a15a" style="-uslm-lc:I658180"><ref href="/us/usc/t26/s6331">26 USC 6331 note</ref>.</p></sidenote><heading class="fontsize10"><inline class="smallCaps">Effective Date</inline>.—</heading><content>The amendment made by this section shall apply to payments made after 180 days after the date of the enactment of this Act.</content></subsection> </section> Approved December 19, 2014.
LEGISLATIVE HISTORY—H.R. 5771: CONGRESSIONAL RECORD, Vol. 160 (2014):

Dec. 3, considered and passed House.

Dec. 16, considered and passed Senate.

 ○