114 S1946 PCS: Tax Relief Extension Act of 2015
U.S. Senate
2015-08-05
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.
(a)This Act may be cited as the Tax Relief Extension Act of 2015
. (b)Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.
(c)The table of contents for this Act is as follows:Sec. 1. Short title, etc. Sec. 2. Sense of the Senate. TITLE I—Provisions that expired in 2014 Subtitle A—Individual tax extenders Sec. 101. Extension and modification of deduction for certain expenses of elementary and secondary school teachers. Sec. 102. Extension and modification of exclusion from gross income of discharge of qualified principal residence indebtedness. Sec. 103. Extension of parity and modification of exclusion from income for employer-provided mass transit and parking benefits. Sec. 104. Extension of mortgage insurance premiums treated as qualified residence interest. Sec. 105. Extension of deduction of State and local general sales taxes. Sec. 106. Extension of special rule for contributions of capital gain real property made for conservation purposes. Sec. 107. Extension of above-the-line deduction for qualified tuition and related expenses. Sec. 108. Extension of tax-free distributions from individual retirement plans for charitable purposes. Subtitle B—Business tax extenders Sec. 111. Extension and modification of research credit. Sec. 112. Extension and modification of temporary minimum low-income housing tax credit rate for non-federally subsidized buildings. Sec. 113. Extension of military housing allowance exclusion for determining whether a tenant in certain counties is low-income. Sec. 114. Extension of Indian employment tax credit. Sec. 115. Extension and modification of new markets tax credit. Sec. 116. Extension and modification of railroad track maintenance credit. Sec. 117. Extension of mine rescue team training credit. Sec. 118. Extension and modification of employer wage credit for employees who are active duty members of the uniformed services. Sec. 119. Extension and modification of work opportunity tax credit. Sec. 120. Extension and modification of qualified zone academy bonds. Sec. 121. Extension of classification of certain race horses as 3-year property. Sec. 122. Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements. Sec. 123. Extension of 7-year recovery period for motorsports entertainment complexes. Sec. 124. Extension and modification of accelerated depreciation for business property on an Indian reservation. Sec. 125. Extension of bonus depreciation. Sec. 126. Extension of enhanced charitable deduction for contributions of food inventory. Sec. 127. Extension and modification of increased expensing limitations and treatment of certain real property as section 179 property. Sec. 128. Extension of election to expense mine safety equipment. Sec. 129. Extension of special expensing rules for certain film and television productions; special expensing for live theatrical productions. Sec. 130. Extension of deduction allowable with respect to income attributable to domestic production activities in Puerto Rico. Sec. 131. Extension of modification of tax treatment of certain payments to controlling exempt organizations. Sec. 132. Extension of treatment of certain dividends of regulated investment companies. Sec. 133. Extension of RIC qualified investment entity treatment under FIRPTA. Sec. 134. Extension of subpart F exception for active financing income. Sec. 135. Extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules. Sec. 136. Extension of temporary exclusion of 100 percent of gain on certain small business stock. Sec. 137. Extension of basis adjustment to stock of S corporations making charitable contributions of property. Sec. 138. Extension of reduction in S-corporation recognition period for built-in gains tax. Sec. 139. Extension and modification of empowerment zone tax incentives. Sec. 140. Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands. Sec. 141. Extension of American Samoa economic development credit. Subtitle C—Energy tax extenders Sec. 151. Extension and modification of credit for nonbusiness energy property. Sec. 152. Extension of credit for new qualified fuel cell motor vehicles. Sec. 153. Extension of credit for alternative fuel vehicle refueling property. Sec. 154. Extension of second generation biofuel producer credit. Sec. 155. Extension and reform of biodiesel tax incentives. Sec. 156. Extension of production credit for Indian coal facilities placed in service before 2009. Sec. 157. Extension of credits with respect to facilities producing energy from certain renewable resources. Sec. 158. Extension of credit for energy-efficient new homes. Sec. 159. Extension of special allowance for second generation biofuel plant property. Sec. 160. Extension and modification of energy efficient commercial buildings deduction. Sec. 161. Extension of special rule for sales or dispositions to implement FERC or State electric restructuring policy for qualified electric utilities. Sec. 162. Extension of excise tax credits relating to alternative fuels. TITLE II—Provision that expired in 2013 Sec. 201. Extension of credit for 2-wheeled plug-in electric vehicles. TITLE III—Revenue provisions Sec. 301. Exclusion from gross income of certain clean coal power grants to non-corporate taxpayers. Sec. 302. Treatment of certain persons as employers with respect to motion picture projects. Sec. 303. Equalization of excise tax and credits with respect to liquefied petroleum gas and liquefied natural gas. Sec. 304. Additional information on returns relating to mortgage interest. TITLE IV—Budgetary effects Sec. 401. Budgetary effects. 2.It is the sense of the Senate that—
(1)Congress should pursue a process of comprehensive tax reform; (2)Congress should endeavor, as part of such tax reform process, to eliminate temporary provisions from the Internal Revenue Code of 1986 by making permanent those provisions that merit permanency and allowing others to expire; and
(3)a major focus of such tax reform process should be fostering economic growth and lowering tax rates by broadening the tax base.
<enum>I</enum><header>Provisions that expired in 2014</header>
<subtitle id="HBAA457675C5B42F8A707D9F5B9B937E1"><enum>A</enum><header>Individual tax extenders</header>
<section id="H5FD202E846744BE4AEDC0C560B089510"><enum>101.</enum><header>Extension and modification of deduction for certain expenses of elementary and secondary school
teachers</header>
<subsection id="H763DCA45106F4713A995A777EF692B78"><enum>(a)</enum><header>In general</header><text>Subparagraph (D) of <external-xref legal-doc="usc" parsable-cite="usc/26/62">section 62(a)(2)</external-xref> is amended by striking <quote>or 2014</quote> and inserting <quote>2014, 2015, or 2016</quote>.</text> </subsection><subsection commented="no" id="id36BF4FCDBBC64CE1B9709B5D90A83ECC"><enum>(b)</enum><header>Adjustment for inflation</header><text>Subparagraph (D) of section 62(a)(2), as amended by subsection (a), is amended—</text>
<paragraph commented="no" id="id855F895087B14C5682EC278B398850BA"><enum>(1)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">teachers</header-in-text>.—In the case of</quote> and inserting “<header-in-text level="subparagraph" style="OLC">teachers</header-in-text>.—</text> <quoted-block display-inline="no-display-inline" id="id1F54AD39E32B4A9C9BEDD71A8B66E489" style="OLC"> <clause commented="no" id="idAC5A81BD379E4CA2809D8F9C6B1F1F27"><enum>(i)</enum><header>In general</header><text>In the case of</text></clause><after-quoted-block>, and</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="id747A0AD5D55845B9B59E525DF6503E15"><enum>(2)</enum><text>by adding at the end the following new clause:</text> <quoted-block act-name="" id="idB4AA08432EFF4CE2B6100CDEEF1D86AA" style="OLC"> <clause id="id2BD5768B782244578456CB5842B9D07C"><enum>(ii)</enum><header>Adjustment for inflation</header><text>In the case of any taxable year beginning after 2014, the $250 amount in clause (i) shall be increased by an amount equal to—</text>
<subclause id="idA468FAE4ACFC430D944CDD36EDCD39C8"><enum>(I)</enum><text>such dollar amount, multiplied by</text> </subclause><subclause id="idC59B1ADA2DB3445B9B576555F014C87B"><enum>(II)</enum><text>the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text>
</subclause><continuation-text continuation-text-level="clause">If any amount as increased under the preceding sentence is not a multiple of $25, such amount shall
be rounded to the nearest multiple of $25.</continuation-text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="idCFD801E190AA4D089D39A60B06304BAE"><enum>(c)</enum><header>Inclusion of professional development expenses</header><text>Clause (i) of section 62(a)(2)(D), as amended by subsections (a) and (b), is amended by striking the period at the end and inserting <quote>, and in connection with professional development activities of such educator.</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H908311DE364F4C358AF04432F564739E"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text> </subsection></section><section id="H0BD1B9424BC0444EA6F6099E0A0D6754" section-type="subsequent-section"><enum>102.</enum><header>Extension and modification of exclusion from gross income of discharge of qualified principal residence indebtedness</header> <subsection id="H40BAAE831029489D8F16A4B04140D8D9"><enum>(a)</enum><header>Extension</header> <text display-inline="yes-display-inline">Subparagraph (E) of <external-xref legal-doc="usc" parsable-cite="usc/26/108">section 108(a)(1)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id9FC91FAEBB26436BBFFAB14BCFE7201B"><enum>(b)</enum><header>Modification</header>
<text display-inline="yes-display-inline">Subparagraph (E) of section 108(a)(1), as amended by subsection (a), is amended by striking <quote>discharged before</quote> and all that follows and inserting “discharged—</text>
<quoted-block display-inline="no-display-inline" id="id64B55AD58B29449095B84B60B4FDED62" style="OLC">
<clause id="id2E601770416C4165A234E28333F43942"><enum>(i)</enum><text display-inline="yes-display-inline">before January 1, 2017, or</text> </clause><clause id="idAB7A6068B05446FFA007430A137E9FEE"><enum>(ii)</enum><text display-inline="yes-display-inline">subject to an arrangement that is entered into and evidenced in writing before January 1, 2017.</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id05A6C36A69724A61971D51673734743A"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to discharges of indebtedness after December 31, 2014.</text>
</subsection></section><section id="H1E3C22AB8DED4213A01524BA6697A60D"><enum>103.</enum><header>Extension of parity and modification of exclusion from income for employer-provided mass transit
and parking
benefits</header>
<subsection id="H0701ED58D4024F2F8AB8E7A28E932AF2"><enum>(a)</enum><header>Extension</header>
<paragraph id="idD09137F28834478E8E7A4349B41DF0F3"><enum>(1)</enum><header>In general</header><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/132">section 132(f)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="H92A12B76D1F145F5A877FF05479C4635"><enum>(2)</enum><header display-inline="yes-display-inline">Effective date</header><text display-inline="yes-display-inline">The amendment made by this subsection shall apply to months after December 31, 2014.</text>
</paragraph></subsection><subsection id="id8DE3E605EF434BFC99003EC065C2DA89"><enum>(b)</enum><header>Use of a bike share program as a qualified transportation fringe</header>
<paragraph id="H41F184A477F44285BC5FE19F0F14F91A"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/132">Section 132(f)(5)(F)</external-xref> is amended—</text> <subparagraph id="id937E23BA433F4AEDA53D44C81E0FD8C6"><enum>(A)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>repair, and storage, if such bicycle</quote> and inserting <quote>repair, and storage (or use of a bike sharing program, in the case of taxable years beginning before January 1, 2017), if such bicycle or bike sharing program</quote>, and</text>
</subparagraph><subparagraph id="idC23F4E628302415F930E9F0AE2064DE5"><enum>(B)</enum><text>in clause (iii)(I), by inserting <quote>or bike sharing program</quote> after <quote>bicycle</quote>.</text> </subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H7746D7427F7345C8A7F49A61C1C8F860"><enum>(2)</enum><header>Effective date</header><text>The amendments made by this subsection shall apply to months after December 31, 2014.</text>
</paragraph></subsection></section><section id="H764D5B9C4A8B451CA0BEAE8AB93D5073"><enum>104.</enum><header>Extension of mortgage insurance premiums treated as qualified residence interest</header>
<subsection id="HF082A09F7EE6423E934FF0F3D8C6E381"><enum>(a)</enum><header>In general</header><text>Subclause (I) of <external-xref legal-doc="usc" parsable-cite="usc/26/163">section 163(h)(3)(E)(iv)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H1BD2113A97F2413C8F2C4C1329FC283C"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to amounts paid or accrued after December 31, 2014.</text>
</subsection></section><section id="H97B73C3DB1A548C8B9F8A5396898597C"><enum>105.</enum><header>Extension of deduction of State and local general sales taxes</header>
<subsection id="HC6D76DE9EC214494B441A5F16C586F29"><enum>(a)</enum><header>In general</header><text>Subparagraph (I) of <external-xref legal-doc="usc" parsable-cite="usc/26/164">section 164(b)(5)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H5CF425A4C8504AA89F270C79B5FA3046"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section id="H8FF38B14C3D3442F83E9CB02C8666974"><enum>106.</enum><header>Extension of special rule for contributions of capital gain real property made for
conservation
purposes</header>
<subsection id="H3C01CEEAB63A40CEB5A33F76D493AC9B"><enum>(a)</enum><header>In general</header><text>Clause (vi) of <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170(b)(1)(E)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection id="HE83C7FA8EBDB457282E71927A974005E"><enum>(b)</enum><header>Contributions by certain corporate farmers and ranchers</header><text>Clause (iii) of <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170(b)(2)(B)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HFC6E259DDC444E16B1C4D6E24889DD90"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HE5431B44D3E4411F81C675BFB5E42751"><enum>107.</enum><header>Extension of above-the-line deduction for qualified tuition and related expenses</header>
<subsection id="H2B2BB52E25C7407A9310F8A174452C71"><enum>(a)</enum><header>In general</header><text>Subsection (e) of <external-xref legal-doc="usc" parsable-cite="usc/26/222">section 222</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H7493A80E7E6743A482D32946FD2A2DFC"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section id="H854DEF56A8D14AB5A29D61709BC0A02F"><enum>108.</enum><header>Extension of tax-free distributions from individual retirement plans for charitable purposes</header>
<subsection id="H3284083A238841DC900B6507F67BB624"><enum>(a)</enum><header>In general</header><text>Subparagraph (F) of <external-xref legal-doc="usc" parsable-cite="usc/26/408">section 408(d)(8)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H5D0B65032E8C4C2194D90CB284585284"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2014.</text>
</subsection></section></subtitle><subtitle commented="no" id="HD357BBE948CC45369CD8D0E9EF1989AD" level-type="subsequent"><enum>B</enum><header>Business tax extenders</header>
<section id="H03B657D6D0A344BA820ACED3EF97614D"><enum>111.</enum><header>Extension and modification of research credit</header>
<subsection id="id6BD4EE5BC647447FAE7D59C25C0C40AC"><enum>(a)</enum><header>Extension</header>
<paragraph id="HF62D914268254651B1AA6A6369404A32"><enum>(1)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/41">section 41(h)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="H090397DAA9B94D589C5CCA3B1FE777F5"><enum>(2)</enum><header display-inline="yes-display-inline">Effective date</header><text display-inline="yes-display-inline">The amendment made by this subsection shall apply to amounts paid or incurred after December 31, 2014.</text>
</paragraph></subsection><subsection id="id076D3A107E274885A1BE4003962A20D3"><enum>(b)</enum><header>Treatment of research
credit for certain startup companies</header>
<paragraph id="id477C191B742E4944BE68803E011E92B0"><enum>(1)</enum><header>In
general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/41">Section 41</external-xref> is amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="idCB3E84344DA0406DAB09F6A9678265C4" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id72E51450C5CB47B7B2C04694207CD621"><enum>(i)</enum><header>Treatment of
credit for qualified small businesses</header>
<paragraph commented="no" display-inline="no-display-inline" id="id2C39C53FA04342A2916B6906A0B72502"><enum>(1)</enum><header>In
general</header><text>At the election of a qualified small business for any taxable year, section 3111(f) shall apply to the payroll tax credit portion of the credit otherwise determined under subsection (a) for the taxable year and such portion shall not be treated (other than for purposes of section 280C) as a credit determined under subsection (a).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD3FE731297F3434D89FA1786279FBC07"><enum>(2)</enum><header>Payroll tax
credit portion</header><text>For purposes of this subsection, the payroll tax credit portion of the credit determined under subsection (a) with respect to any qualified small business for any taxable year is the least of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id6E1E738EA771448AB86104D508DACB87"><enum>(A)</enum><text>the amount specified in the election made under this subsection,</text> </subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id849E0E9049204488A6A1A849350157F7"><enum>(B)</enum><text>the credit determined under subsection (a) for the taxable year (determined before the application of this subsection), or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idFB154E7CBD1B4C6991DACF8A92BB8F37"><enum>(C)</enum><text>in the case of a qualified small business other than a partnership or S corporation, the amount of the business credit carryforward under section 39 carried from the taxable year (determined before the application of this subsection to the taxable year).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD002C79F78CF44E49E25AB0C68E1BA9C"><enum>(3)</enum><header>Qualified small
business</header><text>For purposes of this subsection—</text> <subparagraph commented="no" display-inline="no-display-inline" id="idB94947F789F2497DA733D70755A2576C"><enum>(A)</enum><header>In general</header><text>The term <term>qualified small business</term> means, with respect to any taxable year—</text>
<clause commented="no" display-inline="no-display-inline" id="id8FDB7F24E1534AD29AFB625CBACA40D2"><enum>(i)</enum><text>a corporation or partnership, if—</text>
<subclause commented="no" display-inline="no-display-inline" id="id3F1C91F558124391A5530E75379707C9"><enum>(I)</enum><text>the gross receipts (as determined under the rules of section 448(c)(3), without regard to subparagraph (A) thereof) of such entity for the taxable year is less than $5,000,000, and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id90B6484781FD4F37A8D19A3118B49F40"><enum>(II)</enum><text>such entity did not have gross receipts (as so determined) for any taxable year preceding the 5-taxable-year period ending with such taxable year, and</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="idD31451F5E66A46AC870C2D0D70D677A3"><enum>(ii)</enum><text>any person (other than a corporation or partnership) who meets the requirements of subclauses (I) and (II) of clause (i), determined—</text>
<subclause commented="no" display-inline="no-display-inline" id="id42C5E8B8CE7745139E72F0E7F27E6538"><enum>(I)</enum><text>by substituting <quote>person</quote> for <quote>entity</quote> each place it appears, and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id04BADBAE4CBA46418410F5D8D3FACCAA"><enum>(II)</enum><text>by only taking into account the aggregate gross receipts received by such person in carrying on all trades or businesses of such person.</text>
</subclause></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id99A9F6ADED564F26BA8AC174A190DF50"><enum>(B)</enum><header>Limitation</header><text>Such term shall not include an organization which is exempt from taxation under section 501.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id83E0C3A619CF49A382EAD649E6D1647B"><enum>(4)</enum><header>Election</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id4D9B4C7AFA58459CB441D58B4BC020B7"><enum>(A)</enum><header>In
general</header><text>Any election under this subsection for any taxable year—</text> <clause commented="no" display-inline="no-display-inline" id="id2E4F421492EB4719A2429ED8C0CAF0EB"><enum>(i)</enum><text>shall specify the amount of the credit to which such election applies,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idF0EF1C11515C47918F21627DECF5E9E8"><enum>(ii)</enum><text>shall be made on or before the due date (including extensions) of—</text> <subclause commented="no" display-inline="no-display-inline" id="id825698E60BA64780A04B79F23D46DE34"><enum>(I)</enum><text>in the case of a qualified small business which is a partnership, the return required to be filed under section 6031,</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idDF6CFC879319475CA7411686D8B6E41B"><enum>(II)</enum><text>in the case of a qualified small business which is an S corporation, the return required to be filed under section 6037, and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id584691A3CEFF4A4C9D8D7ED6D210D1B2"><enum>(III)</enum><text>in the case of any other qualified small business, the return of tax for the taxable year, and</text> </subclause></clause><clause commented="no" display-inline="no-display-inline" id="idFD01EE067FFD44C7BE1773107ADEE448"><enum>(iii)</enum><text>may be revoked only with the consent of the Secretary.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id44C34039E33747BB95F373038330C60F"><enum>(B)</enum><header>Limitations</header>
<clause commented="no" display-inline="no-display-inline" id="idCBE33D7765EE4361A8A4C75A860270B4"><enum>(i)</enum><header>Amount</header><text>The amount specified in any election made under this subsection shall not exceed $250,000.</text> </clause><clause commented="no" display-inline="no-display-inline" id="idC0929693443045DE9C1F0FA5F14C48EC"><enum>(ii)</enum><header>Number of taxable years</header><text>A person may not make an election under this subsection if such person (or any other person treated as a single taxpayer with such person under paragraph (5)(A)) has made an election under this subsection for 5 or more preceding taxable years.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id60141781B48241498B18128C5E963C9B"><enum>(C)</enum><header>Special rule for partnerships and S corporations</header><text>In the case of a qualified small business which is a partnership or S corporation, the election made under this subsection shall be made at the entity level.</text>
</subparagraph></paragraph><paragraph id="id202CCFD21763401592073866BA53E283"><enum>(5)</enum><header>Aggregation rules</header>
<subparagraph id="idDB0D4AD94E854E3A808F1100CA13DB44"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraph (B), all persons or entities treated as a single taxpayer under subsection (f)(1) shall be treated as a single taxpayer for purposes of this subsection.</text>
</subparagraph><subparagraph id="id4C1232D3D417426880392F4A334BB21C"><enum>(B)</enum><header>Special rules</header><text>For purposes of this subsection and section 3111(f)—</text> <clause id="idE404AF6BD8BF4F74AABFDE85740FF9FA"><enum>(i)</enum><text>each of the persons treated as a single taxpayer under subparagraph (A) may separately make the election under paragraph (1) for any taxable year, and</text>
</clause><clause id="id3B3D6B5AC3AB4711A071E23D0B5BCC51"><enum>(ii)</enum><text>the $250,000 amount under paragraph (4)(B)(i) shall be allocated among all persons treated as a single taxpayer under subparagraph (A) in the same manner as under subparagraph (A)(ii) or (B)(ii) of subsection (f)(1), whichever is applicable.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7E9C295542834C4C922F7A69C25133CD"><enum>(6)</enum><header>Regulations</header><text>The Secretary shall prescribe such regulations as may be necessary to carry out the purposes of this subsection, including—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idD96AAA9F2A9F4E9D9272756CB2CC1DFF"><enum>(A)</enum><text>regulations to prevent the avoidance of the purposes of the limitations and aggregation rules under this subsection through the use of successor companies or other means,</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5D2CD8A755BC4CF1BD28E4DD87BF331E"><enum>(B)</enum><text>regulations to minimize compliance and record-keeping burdens under this subsection, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id152692C19D214F2F8C5C725848035C97"><enum>(C)</enum><text>regulations for recapturing the benefit of credits determined under section 3111(f) in cases where there is a subsequent adjustment to the payroll tax credit portion of the credit determined under subsection (a), including requiring amended income tax returns in the cases where there is such an adjustment.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idDDBB1B5A9C8F409E98E93DB43F6F1003"><enum>(2)</enum><header>Credit allowed
against FICA taxes</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/3111">Section 3111</external-xref> is amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id39556C72F5CC43C3995F560F7940ED52" style="OLC">
<subsection id="idDE279EC7FCE14BEAA6E6D2FCFBE57372"><enum>(f)</enum><header>Credit for
research expenditures of qualified small businesses</header>
<paragraph id="idE9D74D0A5D3A4C558D1F1E61F9F01B83"><enum>(1)</enum><header>In
general</header><text>In the case of a taxpayer who has made an election under section 41(i) for a taxable year, there shall be allowed as a credit against the tax imposed by subsection (a) for the first calendar quarter which begins after the date on which the taxpayer files the return specified in section 41(i)(4)(A)(ii) an amount equal to the payroll tax credit portion determined under section 41(i)(2).</text>
</paragraph><paragraph id="id44e9e4d5a7214317bc292a1dcba4a2e7"><enum>(2)</enum><header>Limitation</header><text>The credit allowed by paragraph (1) shall not exceed the tax imposed by subsection (a) for any calendar quarter on the wages paid with respect to the employment of all individuals in the employ of the employer.</text>
</paragraph><paragraph id="ida796df5a1b5243b29ea6f7a1b1a7ccda"><enum>(3)</enum><header>Carryover of unused credit</header><text>If the amount of the credit under paragraph (1) exceeds the limitation of paragraph (2) for any calendar quarter, such excess shall be carried to the succeeding calendar quarter and allowed as a credit under paragraph (1) for such quarter.</text>
</paragraph><paragraph id="idD6694A9739654F318066B0D9A5CFDCAB"><enum>(4)</enum><header>Deduction allowed for credited amounts</header><text>The credit allowed under paragraph (1) shall not be taken into account for purposes of determining the amount of any deduction allowed under chapter 1 for taxes imposed under subsection (a).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HBBB4ACAC92714DC8A9B9A7A25F7C838B"><enum>(3)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to credits determined for taxable years beginning after December 31, 2014.</text>
</paragraph></subsection><subsection id="id3376F3FC1F07471DA4FE810D893B35B0"><enum>(c)</enum><header>Credit allowed against alternative minimum tax</header>
<paragraph id="id29BE517A3BB24E7BB59FE263E3BD83E9"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (B) of <external-xref legal-doc="usc" parsable-cite="usc/26/38">section 38(c)(4)</external-xref> is amended—</text> <subparagraph id="id7F041B266F144BA79B1DDDA250E95BA7"><enum>(A)</enum><text>by redesignating clauses (ii), (iii), (iv), (v), (vi), (vii), (viii), and (ix) as clauses (iii), (iv), (v), (vi), (vii), (viii), (ix), and (x), respectively, and</text>
</subparagraph><subparagraph id="id219A382DC13A42D8BCEF123E6A02AC02"><enum>(B)</enum><text>by inserting after clause (i) the following new clause:</text> <quoted-block act-name="" id="idADA234B9589A46F5B80EFEAE5FF2DD10" style="OLC"> <clause id="id8A936EEFD96D4723B9FE6A5103BA885B"><enum>(ii)</enum><text>the credit determined under section 41 with respect to an eligible small business (as defined in paragraph (5)(C), after application of rules similar to the rules of paragraph (5)(D)),</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEE9647ABDF2944E7BA742666AEC7DAB8"><enum>(2)</enum><header>Effective date</header><text>The amendments made by this subsection shall apply to credits determined for taxable years beginning after December 31, 2014, and to carrybacks of such credits.</text>
</paragraph></subsection></section><section commented="no" id="HE0DEA5181CA149FA8650BCD4480218C5"><enum>112.</enum><header>Extension and modification of temporary minimum low-income housing tax credit rate for
non-federally subsidized
buildings</header>
<subsection commented="no" id="H7DAC5932023340558B05A83D29DB2C40"><enum>(a)</enum><header>In general</header><text>Subparagraph (A) of <external-xref legal-doc="usc" parsable-cite="usc/26/42">section 42(b)(2)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" id="id5DAC20A930B84982BD094E3AF52D85EC"><enum>(b)</enum><header>Temporary minimum credit rate for non-federally subsidized existing buildings</header><text>Subsection (b) of <external-xref legal-doc="usc" parsable-cite="usc/26/42">section 42</external-xref> is amended by redesignating paragraph (3) as paragraph (4) and by inserting after paragraph (2) the following new paragraph:</text>
<quoted-block act-name="" id="id0C5237B88ADD440AA07FBEF8E2FC36FE" style="OLC">
<paragraph id="id773E0F1E461D405F959E1A7FA8C41E73"><enum>(3)</enum><header>Temporary minimum credit rate for non-federally subsidized existing buildings</header><text>In the case of any existing building—</text> <subparagraph id="idDC3E40D0857E43E59D0E5E3CF6A86634"><enum>(A)</enum><text>which is placed in service by the taxpayer after the date of the enactment of the <short-title>Tax Relief Extension Act of 2015</short-title> with respect to housing credit dollar amount allocations made before January 1, 2017, and</text>
</subparagraph><subparagraph id="id5E376BB7612F4889976AAA11DAEEA762"><enum>(B)</enum><text>which is not federally subsidized for the taxable year,</text> </subparagraph><continuation-text continuation-text-level="paragraph">the applicable percentage shall not be less than 4 percent.</continuation-text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subsection><subsection commented="no" display-inline="no-display-inline" id="HE4302F21AE3B43638A5B40C0C30A9955"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall take effect on January 1, 2015.</text>
</subsection></section><section id="H98917F0A3EBD4D4A829D80010D95BC95"><enum>113.</enum><header>Extension of military housing allowance exclusion for determining whether a tenant in certain
counties is low-income</header>
<subsection id="H9A03670B5CBA42F2816ECA69E1012DD1"><enum>(a)</enum><header>In general</header><text>Subsection (b) of section 3005 of the Housing Assistance Tax Act of 2008 is amended by striking <quote>January 1, 2015</quote> each place it appears and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection id="H850EBB9D839C4A7489C502241ECB5ACC"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall take effect as if included in the enactment of section 3005 of the Housing Assistance Tax Act of 2008.</text>
</subsection></section><section id="HCD3A213F105E4A5BA4A2151EC6DD676D"><enum>114.</enum><header>Extension of Indian employment tax credit</header>
<subsection id="HE97B594CB7794E888F68E4665526C9CB"><enum>(a)</enum><header>In general</header><text>Subsection (f) of <external-xref legal-doc="usc" parsable-cite="usc/26/45A">section 45A</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H30BCBB37A9904A52855CEB162DA354D7"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H969D9792891443C8B5DC75EF93202039"><enum>115.</enum><header>Extension and modification of new markets tax credit</header>
<subsection id="H62044615EA3749A596EF950C3EE7774F"><enum>(a)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/45D">section 45D(f)</external-xref> is amended by striking the period at the end of subparagraph (G) and inserting <quote>, and</quote> and by adding at the end the following new subparagraph:</text>
<quoted-block act-name="" id="id7DF58D17107A47C6BF3B47C5BF6D1BA1" style="OLC">
<subparagraph id="id6B5CA245BD11495491C428981589FB74"><enum>(H)</enum><text>$3,940,000,000 for 2015 and 2016.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subsection><subsection id="H1AC5653037324C7F9CA8D601263031BD"><enum>(b)</enum><header>Carryover of unused limitation</header><text>Paragraph (3) of <external-xref legal-doc="usc" parsable-cite="usc/26/45D">section 45D(f)</external-xref> is amended by striking <quote>2019</quote> and inserting <quote>2021</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H3F3401E495FA49DB954BF44E7F949292"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to calendar years beginning after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H71D11CE34F6B43959CCFA91CCECAE02A"><enum>116.</enum><header>Extension and modification of railroad track maintenance credit</header>
<subsection commented="no" display-inline="no-display-inline" id="HBEAF273C831F42E8894FA46374C2D075"><enum>(a)</enum><header>In general</header><text>Subsection (f) of <external-xref legal-doc="usc" parsable-cite="usc/26/45G">section 45G</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection id="H89FB9AD03BE24736998E57D32814A9D8"><enum>(b)</enum><header>Expenditures</header><text>Subsection (d) of <external-xref legal-doc="usc" parsable-cite="usc/26/45G">section 45G</external-xref> is amended by striking <quote>January 1, 2005,</quote> and inserting <quote>January 1, 2015 (January 1, 2005, in the case of expenditures in taxable years beginning after December 31, 2004, and before January 1, 2015)</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H244E453E3F2F4E02BE7F36A54B510744"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2014.</text>
</subsection></section><section id="H56E8D30D20DD4AA19EA6BDF3C3FA9B4E"><enum>117.</enum><header>Extension of mine rescue team training credit</header>
<subsection id="HC266F33E39D34627B4866CC9048009F8"><enum>(a)</enum><header>In general</header><text>Subsection (e) of <external-xref legal-doc="usc" parsable-cite="usc/26/45N">section 45N</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="HEF233C0CC539473C8AF337EAD9935C71"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H85B649F71DEE494482ED46C6E2742B78"><enum>118.</enum><header>Extension and modification of employer wage credit for employees who are active duty members of the
uniformed
services</header>
<subsection commented="no" display-inline="no-display-inline" id="HCAB8952EF69C4B968175F58AF19AB452"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subsection (f) of <external-xref legal-doc="usc" parsable-cite="usc/26/45P">section 45P</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="id15AB4C09B32C4E7D8DB78C8590A8F00C"><enum>(b)</enum><header>Applicability to all employers</header> <paragraph commented="no" display-inline="no-display-inline" id="id8260DD0EC7CA408C862F082BF0103721"><enum>(1)</enum><header>In general</header><text>Subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/45P">section 45P</external-xref> is amended by striking <quote>, in the case of an eligible small business employer</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id93520621E51343F9ACDE34483D17512F"><enum>(2)</enum><header>Conforming amendment</header><text>Paragraph (3) of <external-xref legal-doc="usc" parsable-cite="usc/26/45P">section 45P(b)</external-xref> is amended to read as follows:</text> <quoted-block act-name="" id="id2409A2444940496BAFA66379FE930351" style="OLC"> <paragraph id="idCC1DD6D98F504DCFB1E8D451FF6023B9"><enum>(3)</enum><header>Controlled groups</header><text>All persons treated as a single employer under subsection (b), (c), (m), or (o) of section 414 shall be treated as a single employer.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idE1BDF1C6E08B422AA61F8AEC442A5ECC"><enum>(c)</enum><header>Expansion to 100 percent of eligible differential wage payments</header><text>Subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/45P">section 45P</external-xref> is amended by striking <quote>20 percent of the sum</quote> and inserting <quote>the sum</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="HCD55FAFCA1A34CF4AE2FE8692B4E8FC6"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply to payments made after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HBA801EDC08434C0C98FBFDD246C40C3F"><enum>119.</enum><header>Extension and modification of work opportunity tax credit</header>
<subsection commented="no" display-inline="no-display-inline" id="H9F1ADB8EB5F4466389D9DAF23AAA1954"><enum>(a)</enum><header>In general</header><text>Paragraph (4) of <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51(c)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="id62741593E1714398A045AD92E4123D3F"><enum>(b)</enum><header>Credit for hiring long-term unemployment recipients</header> <paragraph commented="no" display-inline="no-display-inline" id="id20B2BC98E8F74B37B46AFEFBD556ED35"><enum>(1)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51(d)</external-xref> is amended by striking <quote>or</quote> at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting <quote>, or</quote>, and by adding at the end the following new subparagraph:</text>
<quoted-block act-name="" id="idC535E7E49B0B48D3833100BD0AFB51D2" style="OLC">
<subparagraph id="idDA52C176FA2B439AB70321EAFF8B66E1"><enum>(J)</enum><text>a qualified long-term unemployment recipient.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="id562178BCD3654F328EABF8FB9E0E5F7B"><enum>(2)</enum><header>Qualified long-term unemployment recipient</header><text>Subsection (d) of <external-xref legal-doc="usc" parsable-cite="usc/26/51">section 51</external-xref> is amended by adding at the end the following new paragraph:</text>
<quoted-block act-name="" id="id294023137C574413919A026FBB7D46BD" style="OLC">
<paragraph id="idB0F28A8BB39E4A75BD7A93BC8BD9A5FE"><enum>(15)</enum><header>Qualified long-term unemployment recipient</header><text>The term <term>qualified long-term unemployment recipient</term> means any individual who is certified by the designated local agency as being in a period of unemployment which—</text>
<subparagraph id="id1E55C9A190C8407CABF5406323130A00"><enum>(A)</enum><text>is not less than 27 consecutive weeks, and</text> </subparagraph><subparagraph id="id59DBA62465104863ACABB4134428EDB7"><enum>(B)</enum><text>includes a period in which the individual was receiving unemployment compensation under State or Federal law.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HF02666BED4D94BCE87BBBAF158CAE43B"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to individuals who begin work for the employer after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HBA5DAC5A66B14FEB8F747C29D027A025"><enum>120.</enum><header>Extension and modification of qualified zone academy bonds</header>
<subsection commented="no" display-inline="no-display-inline" id="H5E152A30D7034355BDF3FA2180C0C720"><enum>(a)</enum><header>Extension</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/54E">section 54E(c)</external-xref> is amended by striking <quote>and 2014</quote> and inserting <quote>2014, 2015, and 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="idE4128D57DBB4416381AAA0C612B221EC"><enum>(b)</enum><header>Reduction of private business contribution requirement</header><text>Subsection (b) of <external-xref legal-doc="usc" parsable-cite="usc/26/54E">section 54E</external-xref> is amended by striking <quote>10 percent</quote> and inserting <quote>5 percent</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HB9EFA94CCC674A9DBEBFD3AC523A40D0"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to obligations issued after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="idCE5AF7DBBE384366AD207C3D7960834E"><enum>121.</enum><header>Extension of classification of certain race horses as 3-year property</header>
<subsection commented="no" display-inline="no-display-inline" id="id198B643001AF4B5FBC0A6FAA6DF04F47"><enum>(a)</enum><header>In general</header><text>Clause (i) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(e)(3)(A)</external-xref> is amended—</text> <paragraph commented="no" display-inline="no-display-inline" id="id3232FB569D4149BAA391AD5A1D0A63F4"><enum>(1)</enum><text>by striking <quote>January 1, 2015</quote> in subclause (I) and inserting <quote>January 1, 2017</quote>, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEC48D82E43434EFA819A6A5209A27EAC"><enum>(2)</enum><text>by striking <quote>December 31, 2014</quote> in subclause (II) and inserting <quote>December 31, 2016</quote>.</text> </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA9FE024113434D28B38854D09B94305F"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section id="H28A21590EEFA4BFF97DC771BBF020DCE"><enum>122.</enum><header>Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified
restaurant buildings and improvements, and qualified retail improvements</header>
<subsection id="H4E35399CD5EA42228ECED918ED0D0FF9"><enum>(a)</enum><header>In general</header><text>Clauses (iv), (v), and (ix) of section 168(e)(3)(E) are each amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H3D82D94D82E243EFACC690596598FA0C"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section id="H27C3542DA6D1419CBB675D91A474CC09"><enum>123.</enum><header>Extension of 7-year recovery period for motorsports entertainment complexes</header>
<subsection id="H5C402EA92B6B4848BED9C4E0F4702795"><enum>(a)</enum><header>In general</header><text>Subparagraph (D) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(i)(15)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H5CAC53176FDE4F3CB22AE51D6D993C37"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section id="H4FC91879556C4259B1C6FC99501A4FF7"><enum>124.</enum><header>Extension and modification of accelerated depreciation for business property on an Indian
reservation</header>
<subsection id="H586DFBFFFA8A4530A15FE07CE1B9C9F9"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Paragraph (8) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(j)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection id="idBD3700F4DE664679BA0C22C61A0A6918"><enum>(b)</enum><header>Election to have special rules not apply</header><text>Subsection (j) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168</external-xref> is amended by redesignating paragraph (8), as amended by subsection (a), as paragraph (9), and by inserting after paragraph (7) the following new paragraph:</text>
<quoted-block act-name="" id="id0F317CFCC28240BA9D77EBE508F7F3B6" style="OLC">
<paragraph id="id347EADD08B1B4ECFA5F20C9DF5DE0C6F"><enum>(8)</enum><header>Election out</header><text>If a taxpayer makes an election under this paragraph with respect to any class of property for any taxable year, this subsection shall not apply to all property in such class placed in service during such taxable year. Such election, once made, shall be irrevocable.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HB7374D3355B3458C8A121A29240E4DA3"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section id="HECD16D2972C54A80A987AA47CE1A8948"><enum>125.</enum><header>Extension of bonus depreciation</header>
<subsection id="HBEB4C739AE1D492BB3AAE37152EFB2EE"><enum>(a)</enum><header>In general</header><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(k)</external-xref> is amended—</text> <paragraph id="H3A62FBB1D4C64E70935733E4C54591D6"><enum>(1)</enum><text>by striking <quote>January 1, 2016</quote> in subparagraph (A)(iv) and inserting <quote>January 1, 2018</quote>, and</text>
</paragraph><paragraph id="H21F72B51F7F0491EAB6F28E7D6AB9506"><enum>(2)</enum><text>by striking <quote>January 1, 2015</quote> each place it appears and inserting <quote>January 1, 2017</quote>.</text> </paragraph></subsection><subsection id="H578C5F4DA6B846CD8521EC26163654FF"><enum>(b)</enum><header>Special rule for Federal long-Term contracts</header><text>Clause (ii) of <external-xref legal-doc="usc" parsable-cite="usc/26/460">section 460(c)(6)(B)</external-xref> is amended by striking <quote>January 1, 2015 (January 1, 2016</quote> and inserting <quote>January 1, 2017 (January 1, 2018</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H178576BEA174440FAAD68BB51891F65B"><enum>(c)</enum><header>Extension of election To accelerate the AMT credit in lieu of bonus depreciation</header>
<paragraph commented="no" display-inline="no-display-inline" id="HE46F72D245794A8B80A32C7A27E939AA"><enum>(1)</enum><header>In general</header><text>Subclause (II) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(k)(4)(D)(iii)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEB9CEFB7C781421E8FD878DE93462478"><enum>(2)</enum><header>Round 5 extension property</header><text>Paragraph (4) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(k)</external-xref> is amended by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="id887df417537f4b38afd5431110284880" style="OLC">
<subparagraph commented="no" id="id0077402afc85489581828ba40550ed47"><enum>(L)</enum><header>Special rules for round 5 extension property</header>
<clause commented="no" id="idc4dea50b51c14edc907cd7413cdf1dae"><enum>(i)</enum><header>In general</header><text>In the case of round 5 extension property, in applying this paragraph to any taxpayer—</text> <subclause commented="no" id="idc6d032a6692e4d36be83439a73618b80"><enum>(I)</enum><text>the limitation described in subparagraph (B)(i) and the business credit increase amount under subparagraph (E)(iii) thereof shall not apply, and</text>
</subclause><subclause commented="no" id="iddae6675b59364ed784cd1ea0519a96e1"><enum>(II)</enum><text>the bonus depreciation amount, maximum amount, and maximum increase amount shall be computed separately from amounts computed with respect to eligible qualified property which is not round 5 extension property.</text>
</subclause></clause><clause commented="no" id="id8a88b75e5592449fb2c1b18aafae581b"><enum>(ii)</enum><header>Election</header>
<subclause commented="no" id="id5f01cd41c94c43dd8c105b4aef00915d"><enum>(I)</enum><text>A taxpayer who has an election in effect under this paragraph for round 4 extension property shall be treated as having an election in effect for round 5 extension property unless the taxpayer elects to not have this paragraph apply to round 5 extension property.</text>
</subclause><subclause commented="no" id="id1fb8085d4cde4a11a9f7b44f2628408d"><enum>(II)</enum><text>A taxpayer who does not have an election in effect under this paragraph for round 4 extension property may elect to have this paragraph apply to round 5 extension property.</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="idd789b7232cc1404bb71c56a01e0a4f52"><enum>(iii)</enum><header>Round 5 extension property</header><text>For purposes of this subparagraph, the term <term>round 5 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 <short-title>Tax Relief Extension Act of 2015</short-title> (and the application of such extension to this paragraph pursuant to the amendment made by section 125(c) of such Act).</text></clause></subparagraph><after-quoted-block>. </after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HBE1640A27FE3428DB425CC1C4B7A2659"><enum>(d)</enum><header>Conforming amendments</header>
<paragraph id="H108B720E12CD43E7A5F05BE8F5D75A0E"><enum>(1)</enum><text>The heading for subsection (k) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168</external-xref> is amended by striking <quote><header-in-text level="subsection" style="OLC">January 1, 2015</header-in-text></quote> and inserting <quote><header-in-text level="subsection" style="OLC">January 1, 2017</header-in-text></quote>.</text> </paragraph><paragraph id="H4F4FD649818D4232AD7EC7189CECBF9C"><enum>(2)</enum><text>The heading for clause (ii) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(k)(2)(B)</external-xref> is amended by striking <quote><header-in-text level="clause" style="OLC">pre-January 1, 2015</header-in-text></quote> and inserting <quote><header-in-text level="clause" style="OLC">pre-January 1, 2017</header-in-text></quote>.</text>
</paragraph><paragraph id="H89EEFD9EF07C44F0AD6823CC6AF2A12E"><enum>(3)</enum><text>Subparagraph (C) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(n)(2)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </paragraph><paragraph id="H449A63A2F2C249A6BF3B23D01EC150CC"><enum>(4)</enum><text>Subparagraph (D) of <external-xref legal-doc="usc" parsable-cite="usc/26/1400L">section 1400L(b)(2)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H409BE7FCD69546048458DE70B8085105"><enum>(5)</enum><text>Subparagraph (B) of <external-xref legal-doc="usc" parsable-cite="usc/26/1400N">section 1400N(d)(3)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H90807F4A518C4962B164716512580168"><enum>(e)</enum><header>Effective date</header><text>The amendments made by this section shall apply to property placed in service after December 31, 2014, in taxable years ending after such date.</text>
</subsection></section><section id="H26831CA66714465FAC937AF5046F93D2"><enum>126.</enum><header>Extension of enhanced charitable deduction for contributions of food inventory</header>
<subsection id="H4D248D70D5F44CD2B6FE20231D936168"><enum>(a)</enum><header>In general</header><text>Clause (iv) of <external-xref legal-doc="usc" parsable-cite="usc/26/170">section 170(e)(3)(C)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="HF9C4088828F64BB6B1AEF18B2D1A2266"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to contributions made after December 31, 2014.</text>
</subsection></section><section id="H7DD3D418B67C4C25ACB144625EB08283"><enum>127.</enum><header>Extension and modification of increased expensing limitations and treatment of certain
real property as section 179
property</header>
<subsection id="H105531FDDA7D4D4AA3000570C328FD8C"><enum>(a)</enum><header>In general</header>
<paragraph id="H798980BABF5247ED818F16B146785DC2"><enum>(1)</enum><header>Dollar limitation</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/179">Section 179(b)(1)</external-xref> is amended—</text> <subparagraph id="H0893ADFC196F442EB717E7A8DD4A76A1"><enum>(A)</enum><text>by striking <quote>2015</quote> in subparagraph (B) and inserting <quote>2017</quote>, and</text>
</subparagraph><subparagraph id="H4DC88B63D0F1463D897E013D55158B59"><enum>(B)</enum><text>by striking <quote>2014</quote> in subparagraph (C) and inserting <quote>2016</quote>.</text> </subparagraph></paragraph><paragraph id="H6041537FA1F140CB87997D69F83CABFD"><enum>(2)</enum><header>Reduction in limitation</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/179">Section 179(b)(2)</external-xref> is amended—</text>
<subparagraph id="HE591592723D34C7B8452937A02A74946"><enum>(A)</enum><text>by striking <quote>2015</quote> in subparagraph (B) and inserting <quote>2017</quote>, and</text> </subparagraph><subparagraph id="H813700ACD47346D7AD86FB126D6A37E1"><enum>(B)</enum><text>by striking <quote>2014</quote> in subparagraph (C) and inserting <quote>2016</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="HFCD45F73F3E94395AE7FD79F12FA253B"><enum>(b)</enum><header>Computer software</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/179">Section 179(d)(1)(A)(ii)</external-xref> is amended by striking <quote>2015</quote> and inserting <quote>2017</quote>.</text> </subsection><subsection id="HDF80E46B14F147BD8BD357BDE9C34C91"><enum>(c)</enum><header>Election</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/179">Section 179(c)(2)</external-xref> is amended by striking <quote>2015</quote> and inserting <quote>2017</quote>.</text>
</subsection><subsection id="HAD51EFF93D4C40A1BDD5E85B1E4A826C"><enum>(d)</enum><header>Special rules for treatment of qualified real property</header>
<paragraph id="H8A62B27206954190BDFD43AE97BCDD00"><enum>(1)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/179">Section 179(f)(1)</external-xref> is amended by striking <quote>2015</quote> and inserting <quote>2017</quote>.</text> </paragraph><paragraph id="H636299960B064CAD9C1311244F60D12B"><enum>(2)</enum><header>Carryover limitation</header> <subparagraph id="H57A86D1125C042A49C095DABBF10BDCD"><enum>(A)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/179">Section 179(f)(4)</external-xref> is amended by striking <quote>2014</quote> each place it appears and inserting <quote>2016</quote>.</text>
</subparagraph><subparagraph id="HBB1771D4BD924BE394F771ADE49EA127"><enum>(B)</enum><header>Conforming amendment</header><text>The heading of subparagraph (C) of <external-xref legal-doc="usc" parsable-cite="usc/26/179">section 179(f)(4)</external-xref> is amended by striking <quote><header-in-text level="subparagraph" style="OLC">and 2013</header-in-text></quote> and inserting <quote><header-in-text level="subparagraph" style="OLC">2013, 2014, and 2015</header-in-text></quote>.</text> </subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA82110A7F29B4604AF97622D0A5BD8EB"><enum>(e)</enum><header>Adjustment for inflation</header><text>Subsection (b) of <external-xref legal-doc="usc" parsable-cite="usc/26/179">section 179</external-xref> is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idC4173C6080334FB1B504318B1A2F869D" style="OLC">
<paragraph id="id1159A59151374F2A9BCEAB8EC310D4E0"><enum>(6)</enum><header>Inflation adjustment</header>
<subparagraph id="id44CD441A7A9C4559AE71FB0639FC18A8"><enum>(A)</enum><header>In general</header><text>In the case of any taxable year beginning after 2014, the $500,000 amount in paragraph (1)(B) and the $2,000,000 amount in paragraph (2)(B) shall each be increased by an amount equal to—</text>
<clause id="id24C14E40C5944052976ABA3837E9EF39"><enum>(i)</enum><text>such dollar amount, multiplied by</text> </clause><clause id="id47477F4971024A01AFD7D31936CDC75E"><enum>(ii)</enum><text>the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting <quote>calendar year 2013</quote> for <quote>calendar year 1992</quote> in subparagraph (B) thereof.</text>
</clause></subparagraph><subparagraph id="id289893F5059D4D3FA1F9834591A6F586"><enum>(B)</enum><header>Rounding</header>
<clause id="id91A243ACC169476B8C67677A82B87E49"><enum>(i)</enum><header>Dollar limitation</header><text>If the amount in paragraph (1)(B) as increased under subparagraph (A) is not a multiple of $1,000, such amount shall be rounded to the nearest multiple of $1,000.</text>
</clause><clause id="id24DAADC1D613402EB914A16985CD6578"><enum>(ii)</enum><header>Phaseout amount</header><text>If the amount in paragraph (2)(B) as increased under subparagraph (A) is not a multiple of $10,000, such amount shall be rounded to the nearest multiple of $10,000.</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id4D0301706A5444639B19D5399247517D"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HF93970A37DDF4272A1DFE8176B614464"><enum>128.</enum><header>Extension of election to expense mine safety equipment</header>
<subsection id="H6DBC842A8D7746BC8C9868B20F9773AC"><enum>(a)</enum><header>In general</header><text>Subsection (g) of <external-xref legal-doc="usc" parsable-cite="usc/26/179E">section 179E</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H8E1EDDD6F6534419916A6FD1AEB2DBC3"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H84CD15D6ACAC430BAD50B6B0EC2C70DA"><enum>129.</enum><header>Extension of special expensing rules for certain film and television productions; special expensing
for live theatrical productions</header>
<subsection id="HD5F285368E7D40F3B40C6FAB82FBF53E"><enum>(a)</enum><header>In general</header><text>Subsection (f) of <external-xref legal-doc="usc" parsable-cite="usc/26/181">section 181</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection id="id997F54FB40ED44B6B956FF6D22637298"><enum>(b)</enum><header>Application to live productions</header> <paragraph id="id75B933712DE04736B5D40B3F244C3C37"><enum>(1)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/181">section 181(a)</external-xref> is amended by inserting <quote>, and any qualified live theatrical production,</quote> after <quote>any qualified film or television production</quote>.</text>
</paragraph><paragraph id="id3BA4AC3C3B924021B6BE16DBEBADA805"><enum>(2)</enum><header>Conforming
amendments</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/181">Section 181</external-xref> is amended—</text> <subparagraph id="id764FC8761C1E46F5A3D58347B7FAA08F"><enum>(A)</enum><text>by inserting <quote>or any qualified live theatrical production</quote> after <quote>qualified film or television production</quote> each place it appears in subsections (a)(2), (b), and (c)(1),</text>
</subparagraph><subparagraph id="id8B63423C103948C9B8346FBB890D1775"><enum>(B)</enum><text>by inserting <quote>or qualified live theatrical productions</quote> after <quote>qualified film or television productions</quote> in subsection (f), and</text>
</subparagraph><subparagraph id="idC88095A5487B46E3A469B7BA2145E130"><enum>(C)</enum><text>by inserting <quote><header-in-text level="section" style="OLC">and live theatrical</header-in-text></quote> after <quote><header-in-text level="section" style="OLC">film and television</header-in-text></quote> in the heading.</text>
</subparagraph></paragraph><paragraph id="id4A8F317FC7AA423BB1D524B1CB2AF189"><enum>(3)</enum><header>Clerical amendment</header><text>The item relating to section 181 in the table of sections for part VI of subchapter B of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="id35AF3B08ABAD4C5DB1D327E26696A392" style="OLC"><toc><toc-entry bold="off" level="section">Sec. 181. Treatment of certain qualified film and television and live theatrical productions.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="id9C9BBE5E1B8A47D7ADC9F21245FB9FF6"><enum>(c)</enum><header>Qualified live
theatrical production</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/181">Section 181</external-xref> is amended—</text> <paragraph id="idB3E05AF5B97D48CF871B2C2C69F53995"><enum>(1)</enum><text>by redesignating subsections (e) and (f), as amended by subsections (a) and (b), as subsections (f) and (g), respectively, and</text>
</paragraph><paragraph id="id14C83F3DA8E64EF59B198062C04ECC1E"><enum>(2)</enum><text>by inserting after subsection (d) the following new subsection:</text>
<quoted-block act-name="" id="id2DEEDAEAEBB8478B87BFCA19FF7A1641" style="OLC">
<subsection id="id5475904561D04324BAD96DDC3DCECD90"><enum>(e)</enum><header>Qualified live
theatrical production</header><text>For purposes of this section—</text> <paragraph id="id10BC37A7A9E5438A88AD64CD59EAE5DD"><enum>(1)</enum><header>In general</header><text>The term <term>qualified live theatrical production</term> means any production described in paragraph (2) if 75 percent of the total compensation of the production is qualified compensation (as defined in subsection (d)(3)).</text>
</paragraph><paragraph id="id1DC7D16A72784CF19C9E24B8383ABC59"><enum>(2)</enum><header>Production</header>
<subparagraph id="id0EE974B80C3B4788B303FB153133D968"><enum>(A)</enum><header>In
general</header><text>A production is described in this paragraph if such production is a live staged production of a play (with or without music) which is derived from a written book or script and is produced or presented by a taxable entity in any venue which has an audience capacity of not more than 3,000 or a series of venues the majority of which have an audience capacity of not more than 3,000.</text>
</subparagraph><subparagraph commented="no" id="id99A0FB14355A4D7FB6C96E35F4DB8181"><enum>(B)</enum><header>Touring
companies, etc</header><text>In the case of multiple live staged productions—</text>
<clause commented="no" id="idE1660FF649CB4D5596F5A4D0BB7A3CDA"><enum>(i)</enum><text>for which the election under this section would be allowable to the same taxpayer, and</text>
</clause><clause commented="no" id="id6313C9B660A14247B48D3A968862F13B"><enum>(ii)</enum><text>which are—</text>
<subclause commented="no" id="id8CF3B4852B7D4F04AB2A404CF7F6E30C"><enum>(I)</enum><text>separate phases of a production, or</text>
</subclause><subclause commented="no" id="id5CF4721D66E54CD48B7B1B450526E2DE"><enum>(II)</enum><text>separate simultaneous stagings of the same production in different geographical locations (not including multiple performance locations of any one touring production),</text>
</subclause></clause><continuation-text commented="no" continuation-text-level="subparagraph">each such live staged production
shall be treated as a separate production.</continuation-text></subparagraph><subparagraph id="id4088213305154028B3F68EA46545F9A3"><enum>(C)</enum><header>Phase</header><text>For purposes of subparagraph (B), the term <term>phase</term> with respect to any qualified live theatrical production refers to each of the following, but only if each of the following is treated by the taxpayer as a separate activity for all purposes of this title:</text>
<clause id="idEAED9D53FF59453083C7BBFE27A2700E"><enum>(i)</enum><text>The initial staging of a live theatrical production.</text> </clause><clause id="id5329075D24EC4033AE439972D6D2AD97"><enum>(ii)</enum><text>Subsequent additional stagings or touring of such production which are produced by the same producer as the initial staging.</text>
</clause></subparagraph><subparagraph id="id3B3C773B56DC46419DC68F41DF6C3F6C"><enum>(D)</enum><header>Seasonal productions</header>
<clause id="idF6B9AA73DCE04940A3AD895874A6AE68"><enum>(i)</enum><header>In general</header><text>In the case of a live staged production not described in subparagraph (B) which is produced or presented by a taxable entity for not more than 10 weeks of the taxable year, subparagraph (A) shall be applied by substituting <quote>6,500</quote> for <quote>3,000</quote>.</text>
</clause><clause id="idD847CC31DC7E47A5A08F484DFD4B1AFF"><enum>(ii)</enum><header>Short taxable years</header><text>For purposes of clause (i), in the case of any taxable year of less than 12 months, the number of weeks for which a production is produced or presented shall be annualized by multiplying the number of weeks the production is produced or presented during such taxable year by 12 and dividing the result by the number of months in such taxable year.</text>
</clause></subparagraph><subparagraph id="idA840BD1FCD8E4D2A930D5DE8A130AA4C"><enum>(E)</enum><header>Exception</header><text>A production is not described in this paragraph if such production includes or consists of any performance of conduct described in section 2257(h)(1) of title 18, United States Code.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="id412B8787FB7A44B1A1E8E0C63B7982F8"><enum>(d)</enum><header>Effective
dates</header>
<paragraph id="id49CD08C2AB2E495EAA4D7B45462FBB95"><enum>(1)</enum><header>In
general</header><text>The amendments made by this section shall apply to productions commencing after December 31, 2014.</text> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="id702EF1DB47C443A884A852032437D115"><enum>(2)</enum><header>Commencement</header><text>For purposes of paragraph (1), the date on which a qualified live theatrical production commences is the date of the first public performance of such production for a paying audience.</text>
</paragraph></subsection></section><section id="H50586FFE2CEA4DF1AB1F870700911665"><enum>130.</enum><header>Extension of deduction allowable with respect to income attributable to domestic production
activities in Puerto Rico</header>
<subsection id="HE3ED2EB4AF0A46ACAAB7BD207DCB0E9D"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (C) of <external-xref legal-doc="usc" parsable-cite="usc/26/199">section 199(d)(8)</external-xref> is amended—</text> <paragraph id="H79A0D98C207246F2BA296976DEC1F0C7"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>first 9 taxable years</quote> and inserting <quote>first 11 taxable years</quote>, and</text>
</paragraph><paragraph id="HCF425F063F654220BF6FE8C604B1C3A6"><enum>(2)</enum><text>by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H6D76EDAA16594409B02E8954CB60B11C"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section id="H1D8DCE64D91540A1A89E4B500301B44D"><enum>131.</enum><header>Extension of modification of tax treatment of certain payments to controlling exempt organizations</header>
<subsection id="H12E14E6DFB3C40A1BA3A58AF6BBA7F21"><enum>(a)</enum><header>In general</header><text>Clause (iv) of <external-xref legal-doc="usc" parsable-cite="usc/26/512">section 512(b)(13)(E)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H50389D049FAA4548B4CFDBAD01304984"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to payments received or accrued after December 31, 2014.</text>
</subsection></section><section id="H0BA1556CE5C94FE99D4A4F3BE849DF3A"><enum>132.</enum><header>Extension of treatment of certain dividends of regulated investment companies</header>
<subsection id="HDE16ECA31CCA47D4B595830DDA4DFADB"><enum>(a)</enum><header>In general</header><text>Paragraphs (1)(C)(v) and (2)(C)(v) of section 871(k) are each amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H473830E053EA409A8B33D8C74F56F588"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H468BF1A70BAA41F0BA14FD238E6D478C"><enum>133.</enum><header>Extension of RIC qualified investment entity treatment under FIRPTA</header>
<subsection id="H316281B0A1F34CCB972035D2A09417AE"><enum>(a)</enum><header>In general</header><text>Clause (ii) of <external-xref legal-doc="usc" parsable-cite="usc/26/897">section 897(h)(4)(A)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H9C95D72553AD4CE9862A6A4A71D4EBF8"><enum>(b)</enum><header>Effective date</header> <paragraph commented="no" display-inline="no-display-inline" id="idE0C05776DE024567A0D0778AA242D747"><enum>(1)</enum><header>In general</header><text>The amendment made by this section shall take effect on January 1, 2015. Notwithstanding the preceding sentence, such amendment shall not apply with respect to the withholding requirement under <external-xref legal-doc="usc" parsable-cite="usc/26/1445">section 1445</external-xref> of the Internal Revenue Code of 1986 for any payment made before the date of the enactment of this Act.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFED5C4838696491CBA2CF29CBA874F55"><enum>(2)</enum><header>Amounts withheld on or before date of enactment</header><text>In the case of a regulated investment company—</text> <subparagraph commented="no" display-inline="no-display-inline" id="id23346112E68845B1AFF05566FF202E78"><enum>(A)</enum><text>which makes a distribution after December 31, 2014, and before the date of the enactment of this Act, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id70C0953FDED74987BDD349BC00A2622F"><enum>(B)</enum><text>which would (but for the second sentence of paragraph (1)) have been required to withhold with respect to such distribution under section 1445 of such Code,</text>
</subparagraph><continuation-text continuation-text-level="paragraph">such investment company shall not be liable to any person to whom such distribution was made for
any amount so withheld and paid over to the Secretary of the Treasury.</continuation-text></paragraph></subsection></section><section id="H7BF1B66D363A4799857AB5D5213E253C"><enum>134.</enum><header>Extension of subpart F exception for active financing income</header>
<subsection id="HDAA324F9DF9C449EB453388E77473D6C"><enum>(a)</enum><header>Exempt insurance income</header><text display-inline="yes-display-inline">Paragraph (10) of <external-xref legal-doc="usc" parsable-cite="usc/26/953">section 953(e)</external-xref> is amended—</text> <paragraph id="H1C801C038A9241F69C9BAE402C2949C0"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>, and</text>
</paragraph><paragraph id="HAADA3351AFAB46D69D2B9C29CB439784"><enum>(2)</enum><text>by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </paragraph></subsection><subsection id="H1AE766277FAD42E2A50DF68C01663128"><enum>(b)</enum><header>Special rule for income derived in the active conduct of banking, financing, or similar businesses</header><text>Paragraph (9) of <external-xref legal-doc="usc" parsable-cite="usc/26/954">section 954(h)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HDE33156A063F4606965B9367C95A9C43"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2014, and to taxable years of United States shareholders with or within which any such taxable year of such foreign corporation ends.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H3586C015FD284412860E6D416AB4AFE4"><enum>135.</enum><header>Extension of look-thru treatment of payments between related controlled foreign corporations under
foreign personal holding company rules</header>
<subsection commented="no" display-inline="no-display-inline" id="HE779E268B37440D3AADBA706B798BD01"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (C) of <external-xref legal-doc="usc" parsable-cite="usc/26/954">section 954(c)(6)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H48B7EFF9B31347A88F45F1BC63608644"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2014, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.</text>
</subsection></section><section id="H6C6E68BCA22B4E39B1F37503D7419ABB"><enum>136.</enum><header>Extension of temporary exclusion of 100 percent of gain on certain small business stock</header>
<subsection id="H1A512A0B3C9C4FABB1FC9A5B5A09CCD6"><enum>(a)</enum><header>In general</header><text>Paragraph (4) of <external-xref legal-doc="usc" parsable-cite="usc/26/1202">section 1202(a)</external-xref> is amended—</text> <paragraph id="HA83BEBBC1DCD47C4B68C8A1170D28D04"><enum>(1)</enum><text>by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>, and</text>
</paragraph><paragraph id="H681A4172D3CF4F298A40A2587A09EA3B"><enum>(2)</enum><text>by striking <quote><header-in-text level="paragraph" style="OLC">and 2014</header-in-text></quote> in the heading and inserting <quote><header-in-text level="paragraph" style="OLC">2014, 2015, and 2016</header-in-text></quote>.</text> </paragraph></subsection><subsection commented="no" id="HC1F7F7B6D3E7491EBBED8223CF44AE49"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to stock acquired after December 31, 2014.</text>
</subsection></section><section id="H4EF15C7591894140820E609929217AF2"><enum>137.</enum><header>Extension of basis adjustment to stock of S corporations making charitable contributions of
property</header>
<subsection id="HF6D6DE4321D24FCBAEE3E70C41519D9E"><enum>(a)</enum><header>In general</header><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/1367">section 1367(a)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H8519B9E9B79346BFB53B13815D36B4B4"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2014.</text>
</subsection></section><section id="H7B626D6EF193443493FA6C2556F01629"><enum>138.</enum><header>Extension of reduction in S-corporation recognition period for built-in gains tax</header>
<subsection id="H1402F778A85D42BAB6139B84496E9097"><enum>(a)</enum><header>In general</header><text>Subparagraph (C) of <external-xref legal-doc="usc" parsable-cite="usc/26/1374">section 1374(d)(7)</external-xref> is amended—</text> <paragraph id="id4EDDD87FC1A4496EB2FB5843FD9C815F"><enum>(1)</enum><text>by striking <quote>or 2014</quote> and inserting <quote>2014, 2015, or 2016</quote>, and</text>
</paragraph><paragraph id="idEF2D52E46D664D0EBC2B802561739295"><enum>(2)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">and 2014</header-in-text></quote> in the heading and inserting <quote><header-in-text level="subparagraph" style="OLC">2014, 2015, and 2016</header-in-text></quote>.</text> </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H759C1566251F4EB3B3D7494D3E9DD4EA"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section><section id="H8D225A8DE1E149CB968363B0300CE9E5"><enum>139.</enum><header>Extension and modification of empowerment zone tax incentives</header>
<subsection id="H9C5E0173B9904DF1B858AA0B75057588"><enum>(a)</enum><header>In general</header>
<paragraph id="idDDA0CB236829471E8282B6C2EF3C9153"><enum>(1)</enum><header>Extension</header><text>Clause (i) of <external-xref legal-doc="usc" parsable-cite="usc/26/1391">section 1391(d)(1)(A)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </paragraph><paragraph commented="no" id="H96D08775010B4A08BDF3575EA09AF453"><enum>(2)</enum><header>Treatment of certain termination dates specified in nominations</header><text>In the case of a designation of an empowerment zone the nomination for which included a termination date which is contemporaneous with the date specified in subparagraph (A)(i) of <external-xref legal-doc="usc" parsable-cite="usc/26/1391">section 1391(d)(1)</external-xref> of the Internal Revenue Code of 1986 (as in effect before the enactment of this Act), subparagraph (B) of such section shall not apply with respect to such designation if, after the date of the enactment of this section, the entity which made such nomination amends the nomination to provide for a new termination date in such manner as the Secretary of the Treasury (or the Secretary’s designee) may provide.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HDDB7CD13420C43F8BFA4BE18E001CF7F"><enum>(3)</enum><header>Effective date</header><text>The amendment made by this subsection shall apply to periods after December 31, 2014.</text> </paragraph></subsection><subsection id="idFABD82EE7B9D410C9F44F1C9E45A58F0"><enum>(b)</enum><header>Modification</header><text>Clause (i) of <external-xref legal-doc="usc" parsable-cite="usc/26/1394">section 1394(b)(3)(B)</external-xref> is amended—</text>
<paragraph id="idCA7BB50E8B544536858D4B1FB45B7C9D"><enum>(1)</enum><text>by striking <quote>References</quote> and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="id5F54A1A8A57C4F3A84A6361F2222E614" style="OLC"> <subclause id="idBF444A0E2A2140398D61C62B6186F47E"><enum>(I)</enum><header>In general</header><text>Except as provided in subclause (II), references</text></subclause><after-quoted-block>, and</after-quoted-block></quoted-block>
</paragraph><paragraph id="idE503080089B84A4C9FCEF54C59D6C5AD"><enum>(2)</enum><text>by adding at the end the following new subclause:</text> <quoted-block display-inline="no-display-inline" id="idEA83D5C00209430882841285248C9EE7" style="OLC"> <subclause id="id339B205D05C44189A1A8CA2F2083E0B4"><enum>(II)</enum><header>Special rule for employee residence test</header><text>For purposes of subsection (b)(6) and (c)(5) of section 1397C, an employee shall be treated as a resident of an empowerment zone if such employee is a resident of an empowerment zone, an enterprise community, or a qualified low-income community within an applicable nominating jurisdiction.</text></subclause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="id744267486E454F549F6C336E24AA23DA"><enum>(c)</enum><header>Definitions</header>
<paragraph id="id2781DA276B3049D7AC3438A7655A320A"><enum>(1)</enum><header>Qualified low-income community</header><text>Paragraph (3) of <external-xref legal-doc="usc" parsable-cite="usc/26/1394">section 1394(b)</external-xref> is amended by redesignating subparagraphs (C) and (D) as subparagraphs (D) and (E), respectively, and by inserting after subparagraph (B) the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="id8A56B9F33D33495F9604FA3AADDB1BB9" style="OLC">
<subparagraph id="id8F11F2842F2E4B6CB2C2C7D1EFFFBBC1"><enum>(C)</enum><header>Qualified low-income community</header><text>For purposes of subparagraph (B)—</text> <clause id="id9CB64BAAACE049EE99F4052F376BFD55"><enum>(i)</enum><header>In general</header><text>The term <term>qualified low-income community</term> means any population census tract if—</text>
<subclause id="id73ea8cd37a7740329489e1774476a1a1"><enum>(I)</enum><text>the poverty rate for such tract is at least 20 percent, or</text> </subclause><subclause id="idBDA3AB541B1344B2BB0B0992F43CDD74"><enum>(II)</enum><text>the median family income for such tract does not exceed 80 percent of statewide median family income (or, in the case of a tract located within a metropolitan area, metropolitan area median family income if greater).</text>
</subclause><continuation-text continuation-text-level="clause">Subclause (II) shall be applied using possessionwide median family income in the case of census
tracts located within a possession of the United States.</continuation-text></clause><clause id="ide1f2492801ee4c3085bf1ec2e6ad4644"><enum>(ii)</enum><header>Targeted populations</header><text>The Secretary shall prescribe regulations under which 1 or more targeted populations (within the meaning of section 103(20) of the Riegle Community Development and Regulatory Improvement Act of 1994) may be treated as qualified low-income communities.</text>
</clause><clause id="id9ade11d10867465bbe5602cf345e3d79"><enum>(iii)</enum><header>Areas not within census tracts</header><text>In the case of an area which is not tracted for population census tracts, the equivalent county divisions (as defined by the Bureau of the Census for purposes of defining poverty areas) shall be used for purposes of determining poverty rates and median family income.</text>
</clause><clause id="id31a86a50e337411c96da607649cd7f9c"><enum>(iv)</enum><header>Modification of income requirement for census tracts within high migration rural counties</header>
<subclause id="id869aa78baf674173860a25c6c7fc133b"><enum>(I)</enum><header>In general</header><text>In the case of a population census tract located within a high migration rural county, clause (i)(II) shall be applied to areas not located within a metropolitan area by substituting <quote>85 percent</quote> for <quote>80 percent</quote>.</text>
</subclause><subclause id="id3b4620f5ca784fb2ae8a4e1fbdbaf4ab"><enum>(II)</enum><header>High migration rural county</header><text>For purposes of this clause, the term <term>high migration rural county</term> means any county which, during the 20-year period ending with the year in which the most recent census was conducted, has a net out-migration of inhabitants from the county of at least 10 percent of the population of the county at the beginning of such period.</text></subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idED2A036FE1054864A11B9A31DDDB4359"><enum>(2)</enum><header>Applicable nominating jurisdiction</header><text>Subparagraph (D) of section 1394(b)(3), as redesignated by paragraph (1), is amended by adding at the end the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id49147DEBA0244E2C84DC350F525CAC86" style="OLC">
<clause id="idA573858CCE244549BCA7D1F97017233D"><enum>(iii)</enum><header>Applicable nominating jurisdiction</header><text>The term <term>applicable nominating jurisdiction</term> means, with respect to any empowerment zone or enterprise community, any local government that nominated such community for designation under section 1391.</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="id4A8EAA8E1EB04A229E590E5360F32A51"><enum>(d)</enum><header>Conforming amendments</header>
<paragraph id="id1238271993044BCDA669024E4A0F96C9"><enum>(1)</enum><text>Clause (iii) of <external-xref legal-doc="usc" parsable-cite="usc/26/1394">section 1394(b)(3)(B)</external-xref> is amended by striking <quote>or an enterprise community</quote> and inserting <quote>, an enterprise community, or a qualified low-income community within an applicable nominating jurisdiction</quote>.</text>
</paragraph><paragraph id="id08D0BF885C7B46529FE5E03F5137F8C2"><enum>(2)</enum><text>Subparagraph (D) of section 1394(b)(3), as redesignated by subsection (c)(1), is amended by striking <quote><header-in-text level="subparagraph" style="OLC">Definitions</header-in-text></quote> and inserting <quote><header-in-text level="subparagraph" style="OLC">Other definitions</header-in-text></quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id857CEE00BCC04762941BBABAECF51624"><enum>(e)</enum><header>Effective date</header><text>The amendments made by subsections (b), (c), and (d) shall apply to bonds issued before, on, or after the date of the enactment of this Act and not redeemed before the date of the enactment of this Act.</text>
</subsection></section><section id="H37310E15ACAC414DB0048F3AAE75B5D1"><enum>140.</enum><header>Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the
Virgin Islands</header>
<subsection id="HC267F7B505034C09B4BE07EF119D235E"><enum>(a)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/7652">section 7652(f)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="HE491632F10284717BBCBA0211F9572B7"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to distilled spirits brought into the United States after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H81DB0DACC83842C4937DCB0019F14DFC"><enum>141.</enum><header>Extension of American Samoa economic development credit</header>
<subsection commented="no" display-inline="no-display-inline" id="H477A45C01C13410AB512AEB61A471AE0"><enum>(a)</enum><header>In general</header><text>Subsection (d) of section 119 of division A of the Tax Relief and Health Care Act of 2006 is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idE8FE2D118E664107A5D4F94F62D90528"><enum>(1)</enum><text>by striking <quote>January 1, 2015</quote> each place it appears and inserting <quote>January 1, 2017</quote>,</text> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFF8A6499F7834B5FB9ABD5464749302B"><enum>(2)</enum><text>by striking <quote>first 9 taxable years</quote> in paragraph (1) and inserting <quote>first 11 taxable years</quote>, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idCF735B8018D149139A493A824AA30572"><enum>(3)</enum><text>by striking <quote>first 3 taxable years</quote> in paragraph (2) and inserting <quote>first 5 taxable years</quote>.</text> </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H2562D652FF65449380545DD499ED8996"><enum>(b)</enum><header>Effective date</header><text display-inline="yes-display-inline">The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text>
</subsection></section></subtitle><subtitle commented="no" id="HA1E8C2F34A724B7E8FEA7BC50DA1CCC6" level-type="subsequent"><enum>C</enum><header>Energy tax extenders</header>
<section commented="no" display-inline="no-display-inline" id="HA21EBA5C2AB547CBA784398BB136086E"><enum>151.</enum><header>Extension and modification of credit for nonbusiness energy property</header>
<subsection commented="no" display-inline="no-display-inline" id="H4837F65EC82F423CA2F518940E1A4D44"><enum>(a)</enum><header>In general</header><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C(g)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="idA2603A1BFC3A4AB0A1A53274B32BCAC0"><enum>(b)</enum><header>Updated Energy Star requirements for windows, doors, skylights, and roofing</header> <paragraph commented="no" display-inline="no-display-inline" id="id22040FA90C224A53B8D30A56E6A97158"><enum>(1)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C(c)</external-xref> is amended by striking <quote>which meets</quote> and all that follows through <quote>requirements)</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5917400B63F54A9999726B21E7B1690C"><enum>(2)</enum><header>Energy efficient building envelope component</header><text>Subsection (c) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C</external-xref> is amended by redesignating paragraphs (2) and (3) as paragraphs (3) and (4), respectively, and by inserting after paragraph (1) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id4E5A3EB5120F44A195657ACBB5632548" style="OLC">
<paragraph id="idC7601491AA944B1A9CDEDC7D274864E7"><enum>(2)</enum><header>Energy efficient building envelope component</header><text>The term <term>energy efficient building envelope component</term> means a building envelope component which meets—</text> <subparagraph commented="no" display-inline="no-display-inline" id="idEABAFD9329574EBFA102395C19A5BF31"><enum>(A)</enum><text>applicable Energy Star program requirements, in the case of a roof or roof products,</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id46FEFE5E92E64E3986E24BD3AAC9A876"><enum>(B)</enum><text>version 6.0 Energy Star program requirements, in the case of an exterior window, a skylight, or an exterior door, and</text>
</subparagraph><subparagraph id="id610CA3E0A7B04ED2B61388BF45FD3F4F"><enum>(C)</enum><text>the prescriptive criteria for such component established by the 2009 International Energy Conservation Code, as such Code (including supplements) is in effect on the date of the enactment of the American Recovery and Reinvestment Tax Act of 2009, in the case of any other component.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFD837205ECD64F7FA64C274EBD53D896"><enum>(3)</enum><header>Conforming amendment</header><text>Subparagraph (D) of section 25C(c)(3), as so redesignated, is amended to read as follows:</text> <quoted-block act-name="" id="id9EC96709E6F84FDF9DC7703BBEF74E57" style="OLC"> <subparagraph id="id92C300580FC14AF7AC633287596FD2C7"><enum>(D)</enum><text>any roof or roof products which are installed on a dwelling unit and are specifically and primarily designed to reduce the heat gain of such dwelling unit.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA8DFAAB9BF894F79A2DA8F4A1C8015AB"><enum>(c)</enum><header>Separate standards for tankless and storage water heaters</header>
<paragraph commented="no" display-inline="no-display-inline" id="idC3F71CC234464155A62ED4B4BAC04B25"><enum>(1)</enum><header>In general</header><text>Subparagraph (D) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C(d)(3)</external-xref> is amended by striking <quote>which has either</quote> and all that follows and inserting “which has either—</text> <quoted-block display-inline="no-display-inline" id="id7BBB0EA89A114E81BE385FDF5D57A88F" style="OLC"> <clause commented="no" display-inline="no-display-inline" id="idAD85F23002424C088ABB9AB1166583D8"><enum>(i)</enum><text>in the case of a storage water heater, an energy factor of at least 0.80 or a thermal efficiency of at least 90 percent, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id096F5B8073644233BB057993C1DA8FD7"><enum>(ii)</enum><text>in the case of any other water heater, an energy factor of at least 0.90 or a thermal efficiency of at least 90 percent, and</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idB2557A13FC5548B5A8CA55B5308A9AB4"><enum>(2)</enum><header>Storage water heaters</header><text>Paragraph (3) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C(d)</external-xref> is amended by adding at the end the following flush sentence:</text> <quoted-block display-inline="no-display-inline" id="id1A32623A7349456F96D6F121E92C4388" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">For purposes of subparagraph (D)(i), the term <term>storage water heater</term> means a water heater that has a water storage capacity of more than 20 gallons but not more than 55 gallons.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection><subsection id="idD7262B71F98043E4931BC716089EBDDB"><enum>(d)</enum><header>Modification of testing standards for biomass stoves</header><text>Subparagraph (E) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C(d)(3)</external-xref> is amended by inserting before the period the following: <quote>, when tested using the higher heating value of the fuel and in accordance with the Canadian Standards Administration B415.1 test protocol</quote>.</text>
</subsection><subsection id="id00015B2B7C904B18A9071DBFD542FD73"><enum>(e)</enum><header>Separate standard for oil hot water boilers</header><text>Paragraph (4) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C(d)</external-xref> is amended by striking <quote>95</quote> and inserting <quote>95 (90 in the case of an oil hot water boiler)</quote>.</text> </subsection><subsection id="idF91DDCAFE8C44F74A970F823CAD6FC4D"><enum>(f)</enum><header>Installation costs for qualified energy efficiency improvements</header><text>Paragraph (1) of subsection (c) of <external-xref legal-doc="usc" parsable-cite="usc/26/25C">section 25C</external-xref> is amended by adding at the end the following flush sentence:</text>
<quoted-block display-inline="no-display-inline" id="idE088783CDEC14C1F96D6CFBDB2B30228" style="OLC">
<quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">Such term includes expenditures for labor costs properly allocable to the onsite preparation,
assembly, or original installation of the component.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HD368A58D20124508A3E8FB931936066C"><enum>(g)</enum><header>Effective date</header><text>The amendments made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section commented="no" id="idAA0909152CFD423EB7237604138B38C3"><enum>152.</enum><header>Extension of credit for new qualified fuel cell motor vehicles</header>
<subsection commented="no" id="id8426B8BAB8F04FFFBE303D6F52910184"><enum>(a)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/30B">section 30B(k)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="id07C61C55EBB949AD96914E174C6C55FC"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to property purchased after December 31, 2014.</text>
</subsection></section><section id="idC6EF1831A5F249BA9328B326726866C8"><enum>153.</enum><header>Extension of credit for alternative fuel vehicle refueling property</header>
<subsection id="id9092A38DE9FD4AF485745396EA6CADF0"><enum>(a)</enum><header>In general</header><text>Subsection (g) of <external-xref legal-doc="usc" parsable-cite="usc/26/30C">section 30C</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="id0D8AD0B8532B4CFFB8325889BF91DADD"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section commented="no" id="H5E5E67EACCE94652981427EFEFC75210"><enum>154.</enum><header>Extension of second generation biofuel producer credit</header>
<subsection id="HB1700E0EF3134C3B98C90C17ED687E3C"><enum>(a)</enum><header>In general</header><text>Clause (i) of <external-xref legal-doc="usc" parsable-cite="usc/26/40">section 40(b)(6)(J)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" id="HF167BD05CF9248BE925C5B4CCD0F4F6E"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this subsection shall apply to qualified second generation biofuel production after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HFBD6B7724B1F4907BD0F70B56839616B" section-type="subsequent-section"><enum>155.</enum><header display-inline="yes-display-inline">Extension and reform of biodiesel tax
incentives</header>
<subsection commented="no" display-inline="no-display-inline" id="idD34F320EE13A44DF88104A1010735B47"><enum>(a)</enum><header display-inline="yes-display-inline">Income tax credit</header>
<paragraph commented="no" display-inline="no-display-inline" id="id008E2AFA9B4844B399C49247C2AA8021"><enum>(1)</enum><header display-inline="yes-display-inline">Extension</header>
<subparagraph id="idb8e7f85eaf4f4bc0b5a748721b97b42f"><enum>(A)</enum><header>Credits for biodiesel and renewable diesel used as fuel</header><text>Subsection (g) of <external-xref legal-doc="usc" parsable-cite="usc/26/40A">section 40A</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subparagraph><subparagraph id="idfe40069c6b174c47a4f55143fc18b02e"><enum>(B)</enum><header>Effective date</header><text>The amendment made by this paragraph shall apply to fuel sold or used after December 31, 2014.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H0CF986F76FD845F09F454B3B0D36265B"><enum>(2)</enum><header display-inline="yes-display-inline">Reform of income tax credit</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id01E8A60049A746BFA15F5EEDA4861FAE"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">So much of section 40A as precedes subsection (c) is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HD259948D48024460A9B9660B56C34B2F" style="OLC"> <section commented="no" display-inline="no-display-inline" id="H5D08ECA9DC414E4DB513561017AFCDE7" section-type="subsequent-section"><enum>40A.</enum><header display-inline="yes-display-inline">Biodiesel fuels credit</header> <subsection commented="no" display-inline="no-display-inline" id="HCE3FE6FC635448FEA8DC7DE945822257"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">For purposes of section 38, in the case of an eligible taxpayer, the biodiesel fuels credit determined under this section for the taxable year is $1.00 for each gallon of biodiesel produced by the taxpayer which during the taxable year—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HCF60281F14D548FE92174A001C4B66DA"><enum>(1)</enum><text display-inline="yes-display-inline">is sold by the producer of such biodiesel to another person—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="HDDBFF63DAC4144E98B140E349D90598A"><enum>(A)</enum><text display-inline="yes-display-inline">for use by such other person’s trade or business as a fuel or in the production of a biodiesel mixture (other than casual off-farm production), or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H35C5CB8F9ACD41F98B5814C9024D5FA2"><enum>(B)</enum><text display-inline="yes-display-inline">who sells such biodiesel at retail to another person and places such biodiesel in the fuel tank of such other person, or</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H906AEBF647AD499E80745E821DCD3648"><enum>(2)</enum><text display-inline="yes-display-inline">is used by such producer for any purpose described in paragraph (1).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H5D01C542FBE342AB816D047A9DABB15C"><enum>(b)</enum><header display-inline="yes-display-inline">Increased credit for small
producers</header>
<paragraph commented="no" display-inline="no-display-inline" id="H585A38A6C15B4CF59F560E0DF4893E01"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">In the case of any eligible small biodiesel producer, subsection (a) shall be applied by increasing the dollar amount contained therein by 10 cents.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HD8378506765844EEB72A61DCA60148FA"><enum>(2)</enum><header display-inline="yes-display-inline">Limitation</header><text display-inline="yes-display-inline">Paragraph (1) shall only apply with respect to the first 15,000,000 gallons of biodiesel produced by any eligible small biodiesel producer during any taxable year.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idC86FFC76F0C644BE82032E9F1CF92D95"><enum>(B)</enum><header>Definitions and special rules</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/40A">Section 40A(d)</external-xref> is amended by striking all that follows paragraph (1) and inserting the following</text> <quoted-block display-inline="no-display-inline" id="id34817D0A411641CE8811B41DFF82D5C6" style="OLC"> <paragraph commented="no" display-inline="no-display-inline" id="idD1F9BA1192A940FCA25E7A43F6AE8656"><enum>(2)</enum><header display-inline="yes-display-inline">Eligible taxpayer</header> <subparagraph commented="no" display-inline="no-display-inline" id="id1A50DD37D5354B6DA99A00D388EE39CD"><enum>(A)</enum><header>In general</header><text>The term <term>eligible taxpayer</term> means, with respect to any gallon of biodiesel, the producer of such gallon if such producer has paid the tax imposed by section 4081 on such biodiesel.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idB6578BEFF67B41D8BEFCC914F841D3D5"><enum>(B)</enum><header>Special rule for eligible discretionary blenders</header><text>For purposes of this section (other than subsection (b)), an eligible discretionary blender shall be treated as the producer of any gallon of biodiesel which is used to make a qualified biodiesel mixture if—</text>
<clause commented="no" display-inline="no-display-inline" id="id1C5A911D0B744B2DAD8DC1B854B3449C"><enum>(i)</enum><text>the producer of such biodiesel (determined without regard to this subparagraph)—</text> <subclause commented="no" display-inline="no-display-inline" id="idBA479F0B700544F78656A4A03589C30E"><enum>(I)</enum><text>did not pay the tax imposed under section 4081 with respect to such gallon, and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idA4DE5185812747D4AD565D5B4716F7F4"><enum>(II)</enum><text>assigns the credit allowed under this section to the eligible discretionary blender in such form and manner as provided by the Secretary, and</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="id8A82A804C22445FEB05299A26C01A504"><enum>(ii)</enum><text>such eligible discretionary blender pays the tax imposed under section 4081 with respect to such gallon.</text>
</clause><continuation-text continuation-text-level="subparagraph">For purposes of the preceding sentence, an eligible discretionary blender shall be treated as
producing a gallon of biodiesel in the taxable year in which the sale or
use of the qualified biodiesel mixture occurs.</continuation-text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id04BEB596DF774DD183AE68C1BBEB39E2"><enum>(C)</enum><header>Eligible discretionary blender</header><text>For purposes of subparagraph (B), the term <term>eligible discretionary blender</term> means any person who—</text> <clause commented="no" display-inline="no-display-inline" id="idA6C9028ED3EF4B07B86723787AE653B4"><enum>(i)</enum><text>is registered under section 4101 as a blender of qualified biodiesel mixtures, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id757C4DE96D6D4627B365874C5A82F927"><enum>(ii)</enum><text>has used 10,000,000 or more gallons of biodiesel in the production of qualified biodiesel mixtures in the preceding taxable year.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id533C9577399A4DCEB391CB8A9211857D"><enum>(3)</enum><header>Biodiesel mixture; qualified biodiesel mixture</header>
<subparagraph id="idB7188C62AA5F46AEB26B00B4DC7EE7A0"><enum>(A)</enum><header>Biodiesel mixture</header><text>The term <term>biodiesel mixture</term> means a mixture consists of biodiesel and diesel fuel (as defined in section 4083(a)(3)), determined without regard to any use of kerosene.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8315BAC24651410F9BB2C776D9755A6E"><enum>(B)</enum><header>Qualified biodiesel mixture</header>
<clause commented="no" display-inline="no-display-inline" id="id48936EC071894D0386D852C657700D94"><enum>(i)</enum><header>In general</header><text>The term <term>qualified biodiesel mixture</term> means a biodiesel mixture which is produced by an eligible discretionary blender and—</text> <subclause id="idA88EB857D30E439FBB2FD656242F5688"><enum>(I)</enum><text>sold by such eligible discretionary blender to any person for use as a fuel, or</text>
</subclause><subclause id="id454809e3a2044b7293a4cbec63952c89"><enum>(II)</enum><text>used by such eligible discretionary blender as a fuel.</text> </subclause></clause><clause id="idB26FEC4E371C4D2387F6E57BD4A99259"><enum>(ii)</enum><header>Sale or use must be in trade or business, etc</header><text>A biodiesel mixture shall not be treated as a qualified biodiesel mixture unless the sale or use described in clause (i) is in a trade or business of the eligible discretionary blender.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id32EB87FDCFC24942B7D078D93159D749"><enum>(4)</enum><header display-inline="yes-display-inline">Biodiesel not used for a qualified
purpose</header><text display-inline="yes-display-inline">If—</text> <subparagraph commented="no" display-inline="no-display-inline" id="id2EDDD855D2084D6F8D1018569D9FBBC4"><enum>(A)</enum><text display-inline="yes-display-inline">any credit was determined with respect to any biodiesel under this section, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id24D4A13770474DB699C8F498E4D73F1D"><enum>(B)</enum><text display-inline="yes-display-inline">any person uses such biodiesel for a purpose not described in subsection (a),</text>
</subparagraph><continuation-text commented="no" continuation-text-level="paragraph">then there is hereby imposed on such
person a tax equal to the product of the rate applicable under
subsection (a)
and the number of gallons of such biodiesel.</continuation-text></paragraph><paragraph id="idc5a2adb3dd3c4c759a700ea968968fe7"><enum>(5)</enum><header>Pass-thru in the case of estates and trusts</header><text>Under regulations prescribed by the Secretary, rules similar to the rules of subsection (d) of section 52 shall apply.</text>
</paragraph><paragraph id="idec296a0654c94abe9d0b8b3071cdfe4c"><enum>(6)</enum><header>Limitation to biodiesel with connection to the united states</header><text>No credit shall be determined under subsection (a) with respect to biodiesel unless such biodiesel is produced in the United States. For purposes of this paragraph, the term <quote>United States</quote> includes any possession of the United States.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="id908BC63EB3384C87A968931CC12FE7E5"><enum>(C)</enum><header>Rules for small biodiesel producers</header>
<clause id="idE1F80D4378814C1C96019CC8B490E7A8"><enum>(i)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/40A">Section 40A(e)</external-xref> is amended—</text> <subclause id="id706910DE77B24C66A13FF19E6DA42102"><enum>(I)</enum><text>by striking <quote>agri-biodiesel</quote> each place it appears in paragraphs (1) and (5)(A) and inserting <quote>biodiesel</quote>,</text>
</subclause><subclause id="id39EC171E228F4378AE89DB2F0A02952F"><enum>(II)</enum><text>by striking <quote>subsection (b)(4)(C)</quote> each place it appears in paragraphs (2) and (3) and inserting <quote>subsection (b)(2)</quote>, and</text> </subclause><subclause id="idEA42131C71C842FCABB6340870DD8ECA"><enum>(III)</enum><text>by striking <quote>subsection (a)(3)</quote> each place it appears in paragraphs (5)(A), (6)(A)(i), and (6)(B)(i) and inserting <quote>subsection (b)</quote>.</text>
</subclause></clause><clause id="id92E3B2B86B3E411F882B8AB9C1876D8A"><enum>(ii)</enum><text>The heading for subsection (e) of <external-xref legal-doc="usc" parsable-cite="usc/26/40A">section 40A</external-xref> is amended by striking <quote><header-in-text level="subsection" style="OLC">agri-biodiesel</header-in-text></quote> and inserting <quote><header-in-text level="subsection" style="OLC">biodiesel</header-in-text></quote>.</text> </clause><clause id="idB2BD3A2935D04DA5BDDED0C526EC5F21"><enum>(iii)</enum><text>The headings for paragraphs (1) and (6) of section 40A(e) are each amended by striking <quote><header-in-text level="paragraph" style="OLC">agri-biodiesel</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">biodiesel</header-in-text></quote>.</text>
</clause></subparagraph><subparagraph id="id2F0C68E27217421B83C7EDA12ECEAB08"><enum>(D)</enum><header>Conforming amendments related to renewable diesel</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/40A">Section 40A(f)</external-xref> is amended—</text> <clause id="idF2C6A9A592FE454E92F523EEEB12C9D3"><enum>(i)</enum><text>by striking <quote>Subsection (b)(4)</quote> and inserting <quote>Subsection (b)</quote>, and</text>
</clause><clause id="id368EF11B06524270BD8982571909E24B"><enum>(ii)</enum><text>by striking paragraph (4) and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="idA4B525C376D14C07A7E391699E7A005C" style="OLC"> <paragraph commented="no" display-inline="no-display-inline" id="idB7C866B8C44644EE9947B1F4B5C913E9"><enum>(4)</enum><header display-inline="yes-display-inline">Certain aviation fuel</header><text display-inline="yes-display-inline">Except as provided in the last 3 sentences of paragraph (2), the term <quote>renewable diesel</quote> shall include fuel derived from biomass which meets the requirements of a Department of Defense specification for military jet fuel or an American Society of Testing and Materials specification for aviation turbine fuel.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph id="id1F08F0B4AD2649D3AF44D003158F59C3"><enum>(E)</enum><header>Registration of eligible discretionary blenders</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/4101">Section 4101(a)(1)</external-xref> is amended—</text> <clause id="id7B274CF993FF496BA4689D50EACD415D"><enum>(i)</enum><text>by striking <quote>and</quote> before <quote>every person producing second generation biofuel</quote>, and</text>
</clause><clause id="id6C011FFA9BB046BA88714470D7F73AC8"><enum>(ii)</enum><text>by inserting <quote>, and every person producing qualified biodiesel mixtures (as defined in section 40A(d)(3))</quote> after <quote>section 40(b)(6)(E)) in excess of 10,000,000 gallons per year</quote>.</text> </clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H5A8859CA4234496A9F7737D8216374D6"><enum>(F)</enum><header>Clerical amendment</header><text display-inline="yes-display-inline">The table of sections for subpart D of part IV of subchapter A of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> is amended by striking the item relating to section 40A and inserting the following new item:</text>
<quoted-block display-inline="no-display-inline" id="HDD1E07A44BFD4AE7A39DAC24AF2ACEA3" style="OLC">
<toc container-level="quoted-block-container" idref="HD259948D48024460A9B9660B56C34B2F" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry bold="off" idref="H5D08ECA9DC414E4DB513561017AFCDE7" level="section">Sec. 40A. Biodiesel
fuels credit.</toc-entry></toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="id3B118EB795BF45E5ADE5E7E14B61A933"><enum>(G)</enum><header>Effective date</header><text>The amendments made by this paragraph shall apply to fuel sold or used after December 31, 2015.</text> </subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HB3B0B01B8CA141F192F2D05BC812ED5E"><enum>(b)</enum><header display-inline="yes-display-inline">Excise tax incentives</header> <paragraph commented="no" display-inline="no-display-inline" id="id8A3FC86DE653473C8A3818DB54E61AD9"><enum>(1)</enum><header display-inline="yes-display-inline">Extension</header> <subparagraph id="HE7996E8F2006423ABA7480C910393C5C"><enum>(A)</enum><header>In general</header><text>Paragraph (6) of <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426(c)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H63730E3AC8ED4DF899918DE2D2331B6D"><enum>(B)</enum><header>Payments</header><text>Subparagraph (B) of <external-xref legal-doc="usc" parsable-cite="usc/26/6427">section 6427(e)(6)</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5D6B5CFF9D2A4FAA983BBB027FAA4495"><enum>(C)</enum><header>Effective date</header><text>The amendments made by this paragraph shall apply to fuel sold or used after December 31, 2014.</text>
</subparagraph><subparagraph id="idF7C0879F5F08499A8435AFD951969134"><enum>(D)</enum><header>Special rule for certain periods during 2015</header><text>Notwithstanding any other provision of law, in the case of any biodiesel mixture credit properly determined under <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426(c)</external-xref> of the Internal Revenue Code of 1986 for periods after December 31, 2014, and on or before the last day of the first calendar quarter ending after the date of the enactment of this Act, such credit shall be allowed, and any refund or payment attributable to such credit (including any payment under section 6427(e) of such Code) shall be made, only in such manner as the Secretary of the Treasury (or the Secretary’s delegate) shall provide. Such Secretary shall issue guidance within 30 days after the date of the enactment of this Act providing for a one-time submission of claims covering periods described in the preceding sentence. Such guidance shall provide for a 180-day period for the submission of such claims (in such manner as prescribed by such Secretary) to begin not later than 30 days after such guidance is issued. Such claims shall be paid by such Secretary not later than 60 days after receipt. If such Secretary has not paid pursuant to a claim filed under this subsection within 60 days after the date of the filing of such claim, the claim shall be paid with interest from such date determined by using the overpayment rate and method under section 6621 of such Code.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="HAE9FA06BE1F547DB962EC68F7E188C30"><enum>(2)</enum><header display-inline="yes-display-inline">Reform of excise tax credit</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id22DD27E810F542F399138C7C9AB60816"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Subsection (c) of <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426</external-xref> is amended—</text> <clause commented="no" display-inline="no-display-inline" id="id2DB23CB60C9F4C8E81370710541B4C30"><enum>(i)</enum><text display-inline="yes-display-inline">by striking all that precedes paragraph (6) and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="H23608AA34ADC4FD0BFD80F6D1AB665E8" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="H6B8002A8A6094A3E84DFDF7F0A659A25"><enum>(c)</enum><header display-inline="yes-display-inline">Biodiesel production credit</header>
<paragraph commented="no" display-inline="no-display-inline" id="H333766E2468B46B9A289CC8D580DB469"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">For purposes of this section, in the case of an eligible taxpayer, the biodiesel production credit is $1.00 for each gallon of biodiesel produced by the taxpayer and which—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H103545144F87469781F6E5CE68A38781"><enum>(A)</enum><text display-inline="yes-display-inline">is sold by such producer to another person—</text>
<clause commented="no" display-inline="no-display-inline" id="H0B5F127D800E4E3EBE4B112EC5D646EB"><enum>(i)</enum><text display-inline="yes-display-inline">for use by such other person’s trade or business as a fuel or in the production of a biodiesel mixture (other than casual off-farm production), or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H60EABD2146C14BA4AAF03A5C45007FCF"><enum>(ii)</enum><text display-inline="yes-display-inline">who sells such biodiesel at retail to another person and places such biodiesel in the fuel tank of such other person, or</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HF5ED227B703F44F8BED518AB5268375C"><enum>(B)</enum><text display-inline="yes-display-inline">is used by such producer for any purpose described in subparagraph (A).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id865DDFFB33EE4F2CA4C2569C26E2C4C7"><enum>(2)</enum><header>Special rule for eligible discretionary blenders</header><text>For purposes of this subsection and section 6427(e)(3), an eligible discretionary blender shall be treated as the producer of any gallon of biodiesel which is used to make a qualified biodiesel mixture if—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idFC2A3593844545989A531FD7FEE5C713"><enum>(A)</enum><text>the producer of such biodiesel (determined without regard to this subparagraph)—</text> <clause commented="no" display-inline="no-display-inline" id="id05D9389ACF9548409599BB253273562B"><enum>(i)</enum><text>did not pay the tax imposed under section 4081 with respect to such gallon, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idEA9652A9583142C4870B7222F2306F3B"><enum>(ii)</enum><text>assigns the credit allowed under this section to the eligible discretionary blender in such form and manner as provided by the Secretary, and</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id10347095EFFF401C81BE360FFE89E793"><enum>(B)</enum><text>such eligible discretionary blender pays the tax imposed under section 4081 with respect to such gallon.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">For purposes of the preceding sentence, an eligible discretionary blender shall not be treated as
producing a gallon of biodiesel before the date on which the sale or use
of the qualified biodiesel mixture occurs.</continuation-text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H443A3D50762F4141A9EE4FF1715308F5"><enum>(3)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">Any term used in this subsection which is also used in section 40A shall have the meaning given such term by section 40A.</text>
</paragraph></subsection><after-quoted-block>, and</after-quoted-block></quoted-block>
</clause><clause commented="no" display-inline="no-display-inline" id="id3F2E3A64B4AD4811A112E1E6DA8F2E01"><enum>(ii)</enum><text>by redesignating paragraph (6), as amended by paragraph (1)(A), as paragraph (4).</text> </clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id86F3FB5354544D70B9B439AC69698CF4"><enum>(B)</enum><header display-inline="yes-display-inline">Producer registration requirement</header><text display-inline="yes-display-inline">Subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426</external-xref> is amended by striking <quote>subsections (d) and (e)</quote> in the flush sentence at the end and inserting <quote>subsections (c), (d), and (e)</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF666215B6CC049C4BD62895DDCE830BA"><enum>(C)</enum><header display-inline="yes-display-inline">Recapture</header>
<clause commented="no" display-inline="no-display-inline" id="id06B5D89354604CA8ABBE3D1922B5D939"><enum>(i)</enum><header>In general</header><text display-inline="yes-display-inline">Subsection (f) of <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426</external-xref> is amended—</text> <subclause commented="no" display-inline="no-display-inline" id="id071DF2CE0F9141FF8C1BCC4253FD1C41"><enum>(I)</enum><text display-inline="yes-display-inline">by striking <quote>or biodiesel</quote> each place it appears in subparagraphs (A) and (B)(i) of paragraph (1),</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idD994A73037494B7BA2815E426907F379"><enum>(II)</enum><text>by striking <quote>or biodiesel mixture</quote> in paragraph (1)(A), and</text> </subclause><subclause commented="no" display-inline="no-display-inline" id="id8416486E6268411B829F27DDBF90A254"><enum>(III)</enum><text>by redesignating paragraph (2) as paragraph (3) and by inserting after paragraph (1) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id930422E1F66E48D488C4A6452D75C8DA" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id00E7D999E2424446A1C8BA10D83BB6DF"><enum>(2)</enum><header display-inline="yes-display-inline">Biodiesel</header><text display-inline="yes-display-inline">If any credit was determined under this section or paid pursuant to section 6427(e) with respect to the production of any biodiesel and any person uses such biodiesel for a purpose not described in subsection (c)(1), then there is hereby imposed on such person a tax equal to $1 for each gallon of such biodiesel.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="id7806DCD6143C4EC0B43A7384AD04B4BB"><enum>(ii)</enum><header>Conforming amendments</header>
<subclause commented="no" display-inline="no-display-inline" id="idB042BED856054FBD853BB1D1F8CDF340"><enum>(I)</enum><text>Paragraph (3) of section 6426(f), as redesignated by clause (i)(III), is amended by inserting <quote>or (2)</quote> after <quote>paragraph (1)</quote>.</text> </subclause><subclause commented="no" display-inline="no-display-inline" id="idF10780EF92054632BD49B769629FF268"><enum>(II)</enum><text>The heading for paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426(f)</external-xref> is amended by striking <quote><header-in-text level="paragraph" style="OLC">Imposition of tax</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">In general</header-in-text></quote>.</text>
</subclause></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5CB955C952A3468EA90585CF02B3D2F2"><enum>(D)</enum><header>Limitation</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/6426">Section 6426(i)</external-xref> is amended—</text> <clause commented="no" display-inline="no-display-inline" id="id62726117410740E98A018083B7A275FB"><enum>(i)</enum><text>in paragraph (2)—</text>
<subclause commented="no" display-inline="no-display-inline" id="id080B7FF2C7F94F2D893448D9678EE6ED"><enum>(I)</enum><text>by striking <quote>biodiesel or</quote>, and</text> </subclause><subclause commented="no" display-inline="no-display-inline" id="id4E2DC2CDCBE74177AD862FBAFE16EFD7"><enum>(II)</enum><text>by striking <quote><header-in-text level="paragraph" style="OLC">Biodiesel and</header-in-text></quote> in the heading, and</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="id0A5FC0999C754AFCA7F7C9EACBE07ACA"><enum>(ii)</enum><text>by inserting after paragraph (2) the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="idFD198AE7984B4B2E9D96BA9862497480" style="OLC"> <paragraph commented="no" display-inline="no-display-inline" id="id7D5DB6EAFFAF46CDBFF9AD99F0261F14"><enum>(3)</enum><header>Biodiesel</header><text>No credit shall be determined under this section with respect to biodiesel unless such biodiesel is produced in the United States.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H9ECD6697B2BF4A3B849F768A13120054"><enum>(E)</enum><header display-inline="yes-display-inline">Clerical amendments</header>
<clause commented="no" display-inline="no-display-inline" id="id0E31A4321C4F41499721386A45FA1386"><enum>(i)</enum><text display-inline="yes-display-inline">The heading of <external-xref legal-doc="usc" parsable-cite="usc/26/6426">section 6426</external-xref> is amended by striking <quote><header-in-text level="section" style="OLC">alcohol fuel, biodiesel, and alternative fuel mixtures</header-in-text></quote> and inserting <quote><header-in-text level="section" style="OLC">alcohol fuel mixtures, biodiesel production, and alternative fuel mixtures</header-in-text></quote>.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idD89F2ACE520A4400A69717FF3B5B5A13"><enum>(ii)</enum><text display-inline="yes-display-inline">The item relating to section 6426 in the table of sections for subchapter B of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/65">chapter 65</external-xref> is amended by striking <quote>alcohol fuel, biodiesel, and alternative fuel mixtures</quote> and inserting <quote>alcohol fuel mixtures, biodiesel production, and alternative fuel mixtures</quote>.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5E0974A5ADAD4D5CBA3656E15DBE64C1"><enum>(F)</enum><header>Effective date</header><text>The amendments made by this paragraph shall apply to fuel sold or used after December 31, 2015.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H369CC7D396DB4F568AFA48811C9F93DA"><enum>(3)</enum><header display-inline="yes-display-inline">Reform of excise payments of credit</header>
<subparagraph commented="no" display-inline="no-display-inline" id="idBF746C1185C2482794FEC544C1A6B020"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Subsection (e) of <external-xref legal-doc="usc" parsable-cite="usc/26/6427">section 6427</external-xref>, as amended by paragraph (1)(B), is amended—</text> <clause commented="no" display-inline="no-display-inline" id="HB3D841AE74C048C8BB51DAD10E3CE11F"><enum>(i)</enum><text display-inline="yes-display-inline">by striking <quote>or the biodiesel mixture credit</quote> in paragraph (1),</text>
</clause><clause commented="no" display-inline="no-display-inline" id="HBFA16DAF5EB547F1A285A87D0B71439C"><enum>(ii)</enum><text display-inline="yes-display-inline">by redesignating paragraphs (3) through (6) as paragraphs (4) through (7), respectively, and by inserting after paragraph (2) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H1C2B5F3B89BB43D0A39B2A12AF34FA31" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="H1FA73F2645F54F789B3DC63E832CBB73"><enum>(3)</enum><header display-inline="yes-display-inline">Biodiesel production credit</header><text display-inline="yes-display-inline">If any person produces biodiesel and sells or uses such biodiesel as provided in section 6426(c)(1), the Secretary shall pay (without interest) to such person an amount equal to the biodiesel production credit with respect to such biodiesel.</text>
</paragraph><after-quoted-block>,</after-quoted-block></quoted-block>
</clause><clause commented="no" display-inline="no-display-inline" id="H8BC50FFF465D4DB9BEDB6C329367BAC9"><enum>(iii)</enum><text display-inline="yes-display-inline">by striking <quote>paragraph (1) or (2)</quote> each place it appears in paragraphs (4) and (6), as redesignated by paragraph (2), and inserting <quote>paragraph (1), (2), or (3)</quote>,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="HA5DC93047E6640218647E82BB56B5096"><enum>(iv)</enum><text display-inline="yes-display-inline">by striking <quote>alternative fuel</quote> each place it appears in paragraphs (4) and (6), as redesignated by paragraph (2), and inserting <quote>fuel</quote>, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H740009392E7549E4A327BE2B28DE9DC0"><enum>(v)</enum><text display-inline="yes-display-inline">by striking <quote>biodiesel mixture (as defined in section 6426(c)(3))</quote> in paragraph (7)(B), as so redesignated, and inserting <quote>biodiesel (within the meaning of section 40A)</quote>.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id079EB65BDB4F468D9E79FCAE7F2A4DFF"><enum>(B)</enum><header>Effective date</header><text>The amendments made by this paragraph shall apply to fuel sold or used after December 31, 2015.</text>
</subparagraph></paragraph></subsection><subsection id="id67EACE0E2BF34CF4B4E0A276814C5227"><enum>(c)</enum><header>Treatment of biodiesel as a taxable fuel</header>
<paragraph id="idA73E17571B81404C8FC9FE9976E06CBD"><enum>(1)</enum><header>In general</header>
<subparagraph id="id95D5EB044A6E4B6582BF7A24C45C297A"><enum>(A)</enum><header>Taxable fuel includes biodiesel</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/4083">section 4083(a)</external-xref> is amended by striking <quote>and</quote> at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting <quote>, and</quote>, and by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="id6B2B71107B044145B88B665AA23D9254" style="OLC">
<subparagraph id="id048DA3BA2610484B98AD6E7C61D8398B"><enum>(D)</enum><text>biodiesel.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph><subparagraph id="id4BA6EB3D00174BE7A9B9F1A318F99F97"><enum>(B)</enum><header>Biodiesel defined</header><text>Subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/4083">section 4083</external-xref> is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idF6443BD61D974A6A88F32CA203F7FB3A" style="OLC">
<paragraph id="id731FBE8B61FC4C85B06EDA54546FEC25"><enum>(4)</enum><header>Biodiesel</header><text>The term <term>biodiesel</term> has the meaning given such term under section 40A(d)(1), determined without regard to the last sentence thereof.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="idBF486F02FED4453EA62CEBCDA453D1F5"><enum>(2)</enum><header>Biodiesel production facilities treated as refineries</header>
<subparagraph id="idFDDF36307CFA49E38EC8700F7C4C1FA1"><enum>(A)</enum><header>In general</header><text>Subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/4081">section 4081</external-xref> is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idE5608BC2E07E4CA0B5B278D929F99A9E" style="OLC">
<paragraph id="idB95AF70919BE4CF8BBAEA6F305ABE9C5"><enum>(5)</enum><header>Biodiesel production facilities and blending facilities treated as refineries</header><text>For purposes of this part—</text> <subparagraph id="id2BECCF06E9DC4D62ACFE9A3B571D8BAF"><enum>(A)</enum><text>any facility which is used to produce biodiesel, and</text>
</subparagraph><subparagraph id="id56DC2E95016E4405A79F0A1A52F627B6"><enum>(B)</enum><text>any biodiesel blending facility,</text> </subparagraph><continuation-text continuation-text-level="paragraph">shall be treated as a refinery with respect to biodiesel.</continuation-text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph><subparagraph id="id267CF54ECBC347229B122A2AD969BA5C"><enum>(B)</enum><header>Biodiesel blending facility defined</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/4083">Section 4083</external-xref> is amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id465551D8DA0C45CCB10917CFCD2E576A" style="OLC">
<subsection id="idF7ED7FDACD25440F9697DB4AD39FFF78"><enum>(e)</enum><header>Biodiesel blending facility</header><text>For purposes of this subpart, the term <term>biodiesel blending facility</term> means any facility that is operated by an eligible discretionary blender (as defined in section 40A(d)(2)(C)).</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="id564D705382F24F2D9A0FCFF37E0809D0"><enum>(C)</enum><header>Bulk transfers</header><text>Subparagraph (B) of <external-xref legal-doc="usc" parsable-cite="usc/26/4081">section 4081(a)(1)</external-xref> is amended by adding at the end the following new clause:</text> <quoted-block display-inline="no-display-inline" id="id118AD8200D4C40E6BEE2C51D57CBFAA4" style="OLC"> <clause id="idE0A8300E680C46B98E416F967CD3E740"><enum>(iii)</enum><header>Special rules for biodiesel</header><text>The tax imposed by this paragraph shall not apply to the removal or entry of biodiesel to any refinery or terminal if the person removing or entering the biodiesel and the operator of the refinery or terminal are registered under section 4101.</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="id352F9FD61FCC42EEBC6CCD8790FBFAA0"><enum>(3)</enum><header>Rate of tax</header><text>Subparagraph (A)(iii) of <external-xref legal-doc="usc" parsable-cite="usc/26/4081">section 4081(a)(2)</external-xref> is amended by striking <quote>diesel fuel or kerosene</quote> and inserting <quote>diesel fuel, kerosene, or biodiesel</quote>.</text> </paragraph><paragraph id="id17319E36A90F4A35B71ED0DB7D9D53AD"><enum>(4)</enum><header>Exemptions</header> <subparagraph id="id8BC4CE7EAE8F402C91DEAC15AEFC9036"><enum>(A)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/4082">Section 4082</external-xref> is amended by striking <quote>diesel fuel and kerosene</quote> each place it appears in subsections (a), (c), and (g) and inserting <quote>diesel fuel, kerosene, and biodiesel</quote>.</text>
</subparagraph><subparagraph id="idB871C846A748459FAE19B1EA73415BCB"><enum>(B)</enum><header>Conforming amendment</header><text>Subparagraph (A) of <external-xref legal-doc="usc" parsable-cite="usc/26/4082">section 4082(d)(1)</external-xref> is amended by inserting <quote>biodiesel,</quote> after <quote>diesel fuel,</quote>.</text> </subparagraph></paragraph><paragraph id="id4E40CEEFBDE3481F9440697B7B3F248B"><enum>(5)</enum><header>Other conforming amendments</header> <subparagraph id="id73A15EE8717D451AB4FB46BC52756999"><enum>(A)</enum><text>The heading for paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/4041">section 4041(a)</external-xref> is amended by striking <quote><header-in-text level="paragraph" style="OLC">diesel fuel and kerosene</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">diesel fuel, kerosene, and biodiesel</header-in-text></quote>.</text>
</subparagraph><subparagraph id="id7360A6016DB54D6BAEBFBF4DCC6E138B"><enum>(B)</enum><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/6416">section 6416(b)</external-xref> is amended by striking <quote>diesel fuel or kerosene</quote> and inserting <quote>diesel fuel, kerosene, or biodiesel</quote>.</text> </subparagraph><subparagraph id="id9C09E571B9E942F686544E185EB706F9"><enum>(C)</enum><text><external-xref legal-doc="usc" parsable-cite="usc/26/6427">Section 6427(l)</external-xref> is amended—</text>
<clause id="id235F8897E2E14F35A52AAE5A9B37A7CE"><enum>(i)</enum><text>by striking <quote>diesel fuel or kerosene</quote> each place it appears in paragraph (1) and (5)(A) and inserting <quote>diesel fuel, kerosene, or biodiesel</quote>,</text> </clause><clause id="idBB9114DB581F4B2CB5785EB3F60D67D4"><enum>(ii)</enum><text>by striking <quote><header-in-text level="subsection" style="OLC">diesel fuel and kerosene</header-in-text></quote> in the heading and inserting <quote><header-in-text level="subsection" style="OLC">diesel fuel, kerosene, and biodiesel</header-in-text></quote>, and</text>
</clause><clause id="id445192F539E74F269553DC7D78B34805"><enum>(iii)</enum><text>by striking <quote><header-in-text level="paragraph" style="OLC">diesel fuel or kerosene</header-in-text></quote> in the heading of paragraph (5) and inserting <quote><header-in-text level="paragraph" style="OLC">diesel fuel, kerosene, or biodiesel</header-in-text></quote>.</text> </clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8FE488BEF83948FDB6152B48797BE342"><enum>(D)</enum><text><external-xref legal-doc="usc" parsable-cite="usc/26/6715">Section 6715(c)(1)</external-xref> is amended by striking <quote>diesel fuel or kerosene</quote> and inserting <quote>diesel fuel, kerosene, or biodiesel</quote>.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFEEE5A045322405EB74F97C7F687F9AD"><enum>(6)</enum><header display-inline="yes-display-inline">Effective
date</header><text display-inline="yes-display-inline">The amendments made by this subsection shall apply to biodiesel sold or used after December 31, 2015.</text>
</paragraph></subsection></section><section id="H22F5055778C74DDC8DA263548F4D9A2B"><enum>156.</enum><header>Extension of production credit for Indian coal facilities placed in service before
2009</header>
<subsection id="H404713F9882347F7ADE58D0F65281AC6"><enum>(a)</enum><header>In general</header><text>Subparagraph (A) of <external-xref legal-doc="usc" parsable-cite="usc/26/45">section 45(e)(10)</external-xref> is amended by striking <quote>9-year period</quote> each place it appears and inserting <quote>11-year period</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="H96DB0E22F624448BACA57F6288CDE14B"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to coal produced after December 31, 2014.</text>
</subsection></section><section commented="no" id="H98DE057010EF4E45837889BD02A40941"><enum>157.</enum><header>Extension of credits with respect to facilities producing energy from certain renewable resources</header>
<subsection commented="no" id="H89E4678E30B04C46A57033F1D47FCAF7"><enum>(a)</enum><header>In general</header><text>The following provisions of section 45(d) are each amended by striking <quote>January 1, 2015</quote> each place it appears and inserting <quote>January 1, 2017</quote>:</text> <paragraph commented="no" id="HEE544E66EECF4FEAB110E9A7067BD3AE"><enum>(1)</enum><text>Paragraph (1).</text>
</paragraph><paragraph commented="no" id="HC6ECEE8F9B27418698AC22E4252FF84D"><enum>(2)</enum><text>Paragraph (2)(A).</text> </paragraph><paragraph commented="no" id="HCCE27FA6DF434D9189AFC27061FA41F5"><enum>(3)</enum><text>Paragraph (3)(A).</text>
</paragraph><paragraph commented="no" id="id8E87053198FD449F9DACFA26D90E1030"><enum>(4)</enum><text>Paragraph (4)(B).</text> </paragraph><paragraph commented="no" id="H79FC2AA9FCDA43CDBC8D5980D01AACC4"><enum>(5)</enum><text>Paragraph (6).</text>
</paragraph><paragraph commented="no" id="HA4126B7AB03840D2A975C134A98AB520"><enum>(6)</enum><text>Paragraph (7).</text> </paragraph><paragraph commented="no" id="H2E0491CE6F89442495D5E35596B3C0B4"><enum>(7)</enum><text>Paragraph (9).</text>
</paragraph><paragraph commented="no" id="HBF4D4F3ABA2647A6BDAA9B8A817B8479"><enum>(8)</enum><text>Paragraph (11)(B).</text> </paragraph></subsection><subsection commented="no" id="H482F90454D6645BDBC87E3A3397F374E"><enum>(b)</enum><header>Extension of election to treat qualified facilities as energy property</header><text>Clause (ii) of <external-xref legal-doc="usc" parsable-cite="usc/26/48">section 48(a)(5)(C)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text>
</subsection><subsection commented="no" id="H24EE0ACD874241EA88F4E595D8DADFED"><enum>(c)</enum><header>Effective dates</header><text>The amendments made by this section shall take effect on January 1, 2015.</text> </subsection></section><section commented="no" display-inline="no-display-inline" id="H9E9CCFF7494E48B4AE39520F7E54B144"><enum>158.</enum><header>Extension of credit for energy-efficient new homes</header> <subsection commented="no" display-inline="no-display-inline" id="HF486386154254A97B724C139AF7F80F0"><enum>(a)</enum><header>In general</header><text>Subsection (g) of <external-xref legal-doc="usc" parsable-cite="usc/26/45L">section 45L</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HD17C5DA442DA47CB9F06F2DA863457E0"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to homes acquired after December 31, 2014.</text> </subsection></section><section commented="no" display-inline="no-display-inline" id="HC18546377B644884B96E7FBF19F6609B"><enum>159.</enum><header>Extension of special allowance for second generation biofuel plant property</header> <subsection commented="no" display-inline="no-display-inline" id="H9F2F3768CF834321996E974D0D921E27"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (D) of <external-xref legal-doc="usc" parsable-cite="usc/26/168">section 168(l)(2)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H8E0493205C934659A4472FC41A6D20AF"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id85198C8CC54040B3A86B8AC168C692CD"><enum>160.</enum><header>Extension and modification of energy efficient commercial buildings deduction</header>
<subsection commented="no" display-inline="no-display-inline" id="idED2B43FCABA249E19630C1D13EEA955D"><enum>(a)</enum><header>In general</header><text>Subsection (h) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="id3619012DF61944818F370110E1E7C7EC"><enum>(b)</enum><header>Allocations to Indian tribal governments</header><text>Paragraph (4) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D(d)</external-xref> is amended by striking <quote>or local</quote> and inserting <quote>local, or Indian tribal</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id5E25BDECD31E4F2AAA4C9EB45756138C"><enum>(c)</enum><header>Allocations to certain nonprofit organizations</header>
<paragraph commented="no" display-inline="no-display-inline" id="id9167EDBFC68140E2A87817D80DF0F47E"><enum>(1)</enum><header>In general</header><text>Paragraph (4) of section 179D(d), as amended by subsection (b), is amended by inserting <quote>, or by an organization that is described in section 501(c)(3) and exempt from tax under section 501(a)</quote> after <quote>political subdivision thereof</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1774B71500BC4E8EBF19C88F04DF616F"><enum>(2)</enum><header>Clerical amendment</header><text>The heading of paragraph (4) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D(d)</external-xref> is amended by inserting <quote><header-in-text level="paragraph" style="OLC">and property held by certain non-profits</header-in-text></quote> after <quote><header-in-text level="paragraph" style="OLC">public property</header-in-text></quote>.</text> </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id03119483EF84468AA4C4733ECDB2F9DD"><enum>(d)</enum><header>Updated ASHRAE standards for 2016</header> <paragraph commented="no" display-inline="no-display-inline" id="idC7F03E1B7C1E44948F2EE822942356BA"><enum>(1)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D(c)</external-xref> is amended by striking <quote>Standard 90.1-2001</quote> each place it appears and inserting <quote>Standard 90.1-2007</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idDEC2844B1E70479FB87878EBECFCC321"><enum>(2)</enum><header>Conforming amendments</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id01A2B7EC60A546C5B7AF4D2F0A4E34D2"><enum>(A)</enum><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D(c)</external-xref> is amended to read as follows:</text> <quoted-block act-name="" id="id51F85E850CBC49C0BF2A7FCA82550EFB" style="OLC"> <paragraph id="idF179E3228B344F7494EFEBDA6F84E78D"><enum>(2)</enum><header>Standard 90.1-2007</header><text>The term <term>Standard 90.1-2007</term> means Standard 90.1-2007 of the American Society of Heating, Refrigerating, and Air Conditioning Engineers and the Illuminating Engineering Society of North America (as in effect on the day before the date of the adoption of Standard 90.1-2010 of such Societies).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id61AEE2BCC5954EC58FFA8EB67B7D3758"><enum>(B)</enum><text>Subsection (f) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D</external-xref> is amended by striking <quote>Standard 90.1-2001</quote> each place it appears in paragraphs (1) and (2)(C)(i) and inserting <quote>Standard 90.1-2007</quote>.</text> </subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id3BE3828F702748FA9CC32E904A5B9F82"><enum>(C)</enum><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/179D">section 179D(f)</external-xref> is amended—</text>
<clause commented="no" display-inline="no-display-inline" id="idFA633CCE36CA46739DD0F4B8A02D1EEF"><enum>(i)</enum><text>by striking <quote>Table 9.3.1.1</quote> and inserting <quote>Table 9.5.1</quote>, and</text> </clause><clause commented="no" display-inline="no-display-inline" id="id579ADDFB9DE74ABE861FBDB7C24CADE1"><enum>(ii)</enum><text>by striking <quote>Table 9.3.1.2</quote> and inserting <quote>Table 9.6.1</quote>.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id16CAD659C27B4B3795A9463D59C6D38D"><enum>(3)</enum><header>Effective date</header><text>The amendments made by this subsection shall apply to property placed in service after December 31, 2015.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id36B13D1ED851498CA73C8B31D4AD96D5"><enum>(e)</enum><header>Effective date</header><text>Except as provided in subsection (d)(3), the amendments made by this section shall apply to property placed in service after December 31, 2014.</text>
</subsection></section><section id="HA7DEEACE019D405D9369CFCA2DBB0130"><enum>161.</enum><header>Extension of special rule for sales or dispositions to implement FERC or State electric
restructuring policy for qualified electric utilities</header>
<subsection id="H5ED35B8E90A54EA7971D716AE3EFD5C8"><enum>(a)</enum><header>In general</header><text>Paragraph (3) of <external-xref legal-doc="usc" parsable-cite="usc/26/451">section 451(i)</external-xref> is amended by striking <quote>January 1, 2015</quote> and inserting <quote>January 1, 2017</quote>.</text> </subsection><subsection commented="no" display-inline="no-display-inline" id="HE3594E2A33904A3E988FB84D10E84CE0"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to dispositions after December 31, 2014.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id103DB9B6CE6F4D4A8DC52FB5B8EDD445"><enum>162.</enum><header>Extension of excise tax credits relating to alternative fuels</header>
<subsection commented="no" display-inline="no-display-inline" id="HACDA3F50211C4202BE37A488D7A26136"><enum>(a)</enum><header>Extension of alternative fuels excise tax credits</header>
<paragraph commented="no" display-inline="no-display-inline" id="H9CB735D53C1C491F9512D93ECCE497E9"><enum>(1)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/6426">Sections 6426(d)(5)</external-xref> and <external-xref legal-doc="usc" parsable-cite="usc/26/6426"> 6426(e)(3)</external-xref> are each amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text> </paragraph><paragraph commented="no" display-inline="no-display-inline" id="HBA9EA9B6A0784C77BB3E6F237FF6840F"><enum>(2)</enum><header>Outlay payments for alternative fuels</header><text>Subparagraph (C) of section 6427(e)(7), as redesignated by <external-xref legal-doc="usc" parsable-cite="usc/26/155">section 155(b)(3)(A)(ii),</external-xref> is amended by striking <quote>December 31, 2014</quote> and inserting <quote>December 31, 2016</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id6C1E6600F2F242B6AAFD44D07FE15AF1"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to fuel sold or used after December 31, 2014.</text>
</subsection><subsection id="iddfa9b8432609442c932d9240c153ae02"><enum>(c)</enum><header>Special rule for certain periods during 2015</header><text>Notwithstanding any other provision of law, in the case of any alternative fuel credit properly determined under section 6426(d) of such Code for such periods, such credit shall be allowed, and any refund or payment attributable to such credit (including any payment under section 6427(e) of such Code) shall be made, only in such manner as the Secretary of the Treasury (or the Secretary’s delegate) shall provide. Such Secretary shall issue guidance within 30 days after the date of the enactment of this Act providing for a one-time submission of claims covering periods described in the preceding sentence. Such guidance shall provide for a 180-day period for the submission of such claims (in such manner as prescribed by such Secretary) to begin not later than 30 days after such guidance is issued. Such claims shall be paid by such Secretary not later than 60 days after receipt. If such Secretary has not paid pursuant to a claim filed under this subsection within 60 days after the date of the filing of such claim, the claim shall be paid with interest from such date determined by using the overpayment rate and method under section 6621 of such Code.</text>
</subsection></section></subtitle><enum>II</enum><header>Provision that expired in 2013</header>
<section commented="no" id="H7210A0A8AF314F4BA93F2655921E5CD4" section-type="subsequent-section"><enum>201.</enum><header>Extension of credit for 2-wheeled plug-in electric vehicles</header>
<subsection commented="no" id="H35BF8E087B3F4CDF8D212C854223F49C"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (E) of <external-xref legal-doc="usc" parsable-cite="usc/26/30D">section 30D(g)(3)</external-xref> is amended by striking <quote>acquired</quote> and all that follows and inserting “acquired—</text> <quoted-block display-inline="no-display-inline" id="idE503B887D78A4E2A955217B839B101A2" style="OLC"> <clause commented="no" id="id65C6059D53954501B43D4B16CE15A247"><enum>(i)</enum><text display-inline="yes-display-inline">after December 31, 2011, and before January 1, 2014, and</text>
</clause><clause commented="no" id="id0718CCA5C08148E783BC257C9DC69836"><enum>(ii)</enum><text>in the case of a vehicle that has 2 wheels—</text> <subclause commented="no" id="id7A5A5A92EA234C7486162D4F359743E0"><enum>(I)</enum><text>during the period described in clause (i), or</text>
</subclause><subclause commented="no" id="idCE786B0C520349148E0AA7C5C18F727A"><enum>(II)</enum><text>after December 31, 2014, and before January 1, 2017.</text></subclause></clause><after-quoted-block>.</after-quoted-block></quoted-block> </subsection><subsection commented="no" display-inline="no-display-inline" id="H9C1A1D51CFE249B785F723D8DC39C578"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to vehicles acquired after December 31, 2014.</text>
</subsection></section><enum>III</enum><header>Revenue provisions</header>
<section commented="no" display-inline="no-display-inline" id="id179342D25A294192BCC592A49871BF68"><enum>301.</enum><header>Exclusion from gross income of certain clean coal power grants to non-corporate taxpayers</header>
<subsection id="idF1EAE84895974A66978C66E2CEC825D4"><enum>(a)</enum><header>General rule</header><text>In the case of an eligible taxpayer other than a corporation, gross income for purposes of the Internal Revenue Code of 1986 shall not include any amount received under section 402 of the Energy Policy Act of 2005.</text>
</subsection><subsection id="idF3E7A7187B454C7894D74785C0136A95"><enum>(b)</enum><header>Reduction in basis</header><text>The basis of any property subject to the allowance for depreciation under the Internal Revenue Code of 1986 which is acquired with any amount to which subsection (a) applies during the 12-month period beginning on the day such amount is received shall be reduced by an amount equal to such amount. The excess (if any) of such amount over the amount of the reduction under the preceding sentence shall be applied to the reduction (as of the last day of the period specified in the preceding sentence) of the basis of any other property held by the taxpayer. The particular properties to which the reductions required by this subsection are allocated shall be determined by the Secretary of the Treasury (or the Secretary's delegate) under regulations similar to the regulations under section 362(c)(2) of such Code.</text>
</subsection><subsection id="id81CC0768EF8A41D3BC3A7260B3BA873A"><enum>(c)</enum><header>Limitation to amounts which would be contributions to capital</header><text>Subsection (a) shall not apply to any amount unless such amount, if received by a corporation, would be excluded from gross income under <external-xref legal-doc="usc" parsable-cite="usc/26/118">section 118</external-xref> of the Internal Revenue Code of 1986.</text>
</subsection><subsection id="id90A1079299E04BFB881A56A7ED2803E5"><enum>(d)</enum><header>Eligible taxpayer</header><text>For purposes of this section, with respect to any amount received under section 402 of the Energy Policy Act of 2005, the term <term>eligible taxpayer</term> means a taxpayer that makes a payment to the Secretary of the Treasury (or the Secretary's delegate) equal to 1.18 percent of the amount so received. Such payment shall be made at such time and in such manner as such Secretary (or the Secretary's delegate) shall prescribe. In the case of a partnership, such Secretary (or the Secretary's delegate) shall prescribe regulations to determine the allocation of such payment amount among the partners.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idCF141C13869342E5BA1A52448EC04301"><enum>(e)</enum><header>Effective date</header><text>This section shall apply to amounts received under section 402 of the Energy Policy Act of 2005 in taxable years beginning after December 31, 2011.</text>
</subsection></section><section id="H506BC7BD29F34662A41CAF40462E8B26" section-type="subsequent-section"><enum>302.</enum><header>Treatment of certain persons as employers with respect to motion picture projects</header>
<subsection id="H2ED852DFD6014A3098D41C3D7F944447"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Chapter 25 (relating to general provisions relating to employment taxes) is amended by adding at the end the following new section:</text>
<quoted-block display-inline="no-display-inline" id="H90342BF4C80649EF9A7FC8CC95978C7E" style="OLC">
<section id="H2D2670F1D04B4F31A46FCBCD89715E8C"><enum>3512.</enum><header>Treatment of certain persons as employers with respect to motion picture projects</header>
<subsection id="HFC625D2E62A54C5285EF5BF1B83A0F61"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">For purposes of sections 3121(a)(1) and 3306(b)(1), remuneration paid to a motion picture project worker by a motion picture project employer during a calendar year shall be treated as remuneration paid with respect to employment of such worker by such employer during the calendar year. The identity of such employer for such purposes shall be determined as set forth in this section and without regard to the usual common law rules applicable in determining the employer-employee relationship.</text>
</subsection><subsection id="HB5873C7092204E2BB1C3D5B897DF23B3"><enum>(b)</enum><header>Definitions</header><text>For purposes of this section—</text> <paragraph id="H3290726819984514A30552F40BF74EA9"><enum>(1)</enum><header>Motion picture project employer</header><text>The term <quote>motion picture project employer</quote> means any person if—</text>
<subparagraph id="H8A1DD44DF726467C933240CBCCC3498D"><enum>(A)</enum><text>such person (directly or through affiliates)—</text> <clause id="HE15AA548A61B4F7BA644ADBCCFF8565E"><enum>(i)</enum><text>is a party to a written contract covering the services of motion picture project workers with respect to motion picture projects in the course of a client's trade or business,</text>
</clause><clause id="H46B503796C0D40BCAB143052A4BA630D"><enum>(ii)</enum><text>is contractually obligated to pay remuneration to the motion picture project workers without regard to payment or reimbursement by any other person,</text>
</clause><clause id="HDE3A61C8A5AC44A69AFCBA237A6EE3FE"><enum>(iii)</enum><text>controls the payment (within the meaning of section 3401(d)(1)) of remuneration to the motion picture project workers and pays such remuneration from its own account or accounts,</text>
</clause><clause id="HCF4FD7C1CF7E4988B7F88A346CEC0B75"><enum>(iv)</enum><text>is a signatory to one or more collective bargaining agreements with a labor organization (as defined in <external-xref legal-doc="usc" parsable-cite="usc/29/152">29 U.S.C. 152(5)</external-xref>) that represents motion picture project workers, and</text>
</clause><clause id="H43399E072D6048BA99372B73D85AE832"><enum>(v)</enum><text>has treated substantially all motion picture project workers that such person pays as employees and not as independent contractors during such calendar year for purposes of determining employment taxes under this subtitle, and</text>
</clause></subparagraph><subparagraph id="H9E62FB3951F14761806FE0FA7B651CB7"><enum>(B)</enum><text>at least 80 percent of all remuneration (to which section 3121 applies) paid by such person in such calendar year is paid to motion picture project workers.</text>
</subparagraph></paragraph><paragraph id="H4D7431AD4495448DAE1C02BA3E909771"><enum>(2)</enum><header>Motion picture project worker</header><text>The term <quote>motion picture project worker</quote> means any individual who provides services on motion picture projects for clients who are not affiliated with the motion picture project employer.</text>
</paragraph><paragraph id="HCEC117D6C41C4F988F78EF3E98F2125D"><enum>(3)</enum><header>Motion picture project</header><text display-inline="yes-display-inline">The term <quote>motion picture project</quote> means the production of any property described in section 168(f)(3). Such term does not include property with respect to which records are required to be maintained under section 2257 of title 18, United States Code.</text>
</paragraph><paragraph id="idD192C162DF8C413289767EEF6CE6CB87"><enum>(4)</enum><header>Affiliate; affiliated</header><text display-inline="yes-display-inline">A person shall be treated as an affiliate of, or affiliated with, another person if such persons are treated as a single employer under subsection (b) or (c) of section 414.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HFAE2F648FBB54B588CFD84DC0CC1F59C"><enum>(b)</enum><header>Clerical amendment</header><text>The table of sections for such <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/25">chapter 25</external-xref> is amended by adding at the end the following new item:</text><toc regeneration="no-regeneration"><toc-entry level="section"><quote>Sec. 3512. Treatment of certain persons as employers with respect to motion picture projects.</quote>.</toc-entry></toc> </subsection><subsection display-inline="no-display-inline" id="H60AE74262FAE4D3EB554A1E0E0AEA981"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to remuneration paid after December 31, 2015.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HF86F9DA867F04FA3AF58313B2DF4C9EA"><enum>(d)</enum><header>No inference</header><text>Nothing in the amendments made by this section shall be construed to create any inference on the law before the date of the enactment of this Act.</text>
</subsection></section><section id="id603D21DAEC3A45908BF93B9E911E0F9B" section-type="subsequent-section"><enum>303.</enum><header>Equalization of excise tax and credits with respect to liquefied petroleum gas and liquefied
natural gas</header>
<subsection id="id034336C3BACF48609A5C3751D144A75A"><enum>(a)</enum><header>Liquefied petroleum gas</header>
<paragraph id="id110AFBC9C6F943D78D8B600F1E004DDF"><enum>(1)</enum><header>In general</header><text>Subparagraph (B) of <external-xref legal-doc="usc" parsable-cite="usc/26/4041">section 4041(a)(2)</external-xref> is amended by striking <quote>and</quote> at the end of clause (i), by redesignating clause (ii) as clause (iii), and by inserting after clause (i) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id41AB926BB9A64B8A9F172CBD25FE1C56" style="OLC">
<clause id="id3821BD4F29C94A03B36D8D06A2AD203C"><enum>(ii)</enum><text>in the case of liquefied petroleum gas, 18.3 cents per energy equivalent of a gallon of gasoline, and</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idCA330ADAD5814B40B4510E565CA33D49"><enum>(2)</enum><header display-inline="yes-display-inline">Energy
equivalent of a gallon of gasoline</header><text display-inline="yes-display-inline">Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/4041">section 4041(a)</external-xref> is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idFEFD7BD438D345F2B520565A06D6460D" style="OLC">
<subparagraph id="id8A2114C6D3F04AA88FA366E8F98B53C9"><enum>(C)</enum><header>Energy
equivalent of a gallon of gasoline</header><text>For purposes of this paragraph, the term energy equivalent of a gallon of gasoline means, with respect to a liquefied petroleum gas fuel, the amount of such fuel having a Btu content of 115,400 (lower heating value).</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="idFD51AF9438C44641A1E6C3F455277AB4"><enum>(b)</enum><header>Liquefied natural gas</header>
<paragraph id="idE18B17D664414EB1861179A45872ADC2"><enum>(1)</enum><header>In general</header><text>Subparagraph (B) of section 4041(a)(2), as amended by subsection (a)(1), is amended by striking <quote>and</quote> at the end of clause (ii), by striking the period at the end of clause (iii) and inserting <quote>, and</quote> and by inserting after clause (iii) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id6BBC6927B3FF4CDAA75A2781C97BCAC4" style="OLC">
<clause id="id1661BBC0E0BC4CAD986D7BA77B17F281"><enum>(iv)</enum><text>in the case of liquefied natural gas, 24.3 cents per energy equivalent of a gallon of diesel.</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id887DDDE1937340C598D535DA8E6E343F"><enum>(2)</enum><header>Energy
equivalent of a gallon of diesel</header><text>Paragraph (2) of section 4041(a), as amended by subsection (a)(2), is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idD642946EDB414930809D14C1FDA88C2B" style="OLC">
<subparagraph id="idC54FFFEF51DF4813A0F0ADD9113A8983"><enum>(D)</enum><header>Energy
equivalent of a gallon of diesel</header><text>For purposes of this paragraph, the term energy equivalent of a gallon of diesel means, with respect to a liquefied natural gas fuel, the amount of such fuel having a Btu content of 128,700 (lower heating value).</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idD42B7BBAD7C74946AFA4D0DE71FFF1BD"><enum>(3)</enum><header>Conforming amendments</header><text>Section 4041(a)(2)(B)(iii), as redesignated by subsection (a)(1), is amended—</text>
<subparagraph id="id9028F8B7E4BC424095FB0D697EB662F2"><enum>(A)</enum><text>by striking <quote>liquefied natural gas,</quote>, and</text> </subparagraph><subparagraph id="id55C3654014A74579939F20AD75E09B02"><enum>(B)</enum><text>by striking <quote>peat), and</quote> and inserting <quote>peat) and</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="id9C132A3F331B42388648CAEE407EC142"><enum>(c)</enum><header>Credits</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/6426">Section 6426</external-xref> is amended by adding at the end the following new subsection:</text> <quoted-block act-name="" id="id763645EE0610448DBAE7D61C8D2B0277" style="OLC"> <subsection id="idFB7D0A1A6ECF4B6D9D5601273FFF3B7A"><enum>(j)</enum><header>Energy equivalency determinations for liquefied petroleum gas and liquefied natural gas</header><text>For purposes of determining any credit under this section, any reference to the number of gallons of an alternative fuel or the gasoline gallon equivalent of such a fuel shall be treated as a reference to—</text>
<paragraph id="id34227C3E92EF4D08B72B379441EEFFF5"><enum>(1)</enum><text>in the case of liquefied petroleum gas, the energy equivalent of a gallon of gasoline, as defined in section 4041(a)(2)(C), and</text>
</paragraph><paragraph id="id386C545CFE6B4ED19A06E625E8E69805"><enum>(2)</enum><text>in the case of liquefied natural gas, the energy equivalent of a gallon of diesel, as defined in section 4041(a)(2)(D).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idADFDCB7F39F34BD580D337BE5E2BDB43"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply to fuel sold or used after December 31, 2014.</text>
</subsection></section><section id="idCEF4B3DDD86E46A4A9628D2993553B8A"><enum>304.</enum><header>Additional
information on returns relating to mortgage interest</header>
<subsection id="id2F73E916D9534A40A3AE22A3CAC9921F"><enum>(a)</enum><header>In
general</header><text>Paragraph (2) of <external-xref legal-doc="usc" parsable-cite="usc/26/6050H">section 6050H(b)</external-xref> is amended by striking <quote>and</quote> at the end of subparagraph (C), by redesignating subparagraph (D) as subparagraph (G), and by inserting after subparagraph (C) the following new subparagraphs:</text>
<quoted-block display-inline="no-display-inline" id="idC3AA6E3183874948A0376F7126307E34" style="OLC">
<subparagraph id="id0EFE63AA51A546EBA0EC49F711997F8A"><enum>(D)</enum><text>the amount of outstanding principal on the mortgage at the beginning of the calendar year,</text> </subparagraph><subparagraph id="id2310D18C883E47CDBE335BC62D0C2430"><enum>(E)</enum><text>the address of the property securing such mortgage,</text>
</subparagraph><subparagraph commented="no" id="idA3D0068224D146E8BCC0B21C0538D192"><enum>(F)</enum><text>the date of the origination of such mortgage, and</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subsection><subsection id="id2CE7F2906453424581612A69D5B40818"><enum>(b)</enum><header>Payee statements</header><text>Subsection (d) of <external-xref legal-doc="usc" parsable-cite="usc/26/6050H">section 6050H</external-xref> is amended by striking <quote>and</quote> at the end of paragraph (1), by striking the period at the end of paragraph (2) and inserting <quote>, and</quote>, and by inserting after paragraph (2) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id5EE330B39F6840679BB5B686FA642ECA" style="OLC">
<paragraph id="idAC4A78F388B84F67A8E68DEA9AF3D133"><enum>(3)</enum><text>the information required to be included on the return under subparagraphs (D), (E), and (F) of subsection (b)(2).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id8BDEBDF3C3AB4398B7FB3842FC7E94C1"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall apply to returns and statements the due date for which (determined without regard to extensions) is after December 31, 2016.</text>
</subsection></section><enum>IV</enum><header>Budgetary effects</header>
<section commented="no" id="idf412f4b2df464d54b5090d07e79d2b44"><enum>401.</enum><header>Budgetary effects</header>
<subsection commented="no" id="ida0fb095e79f44982a471215a691d1e66"><enum>(a)</enum><header>Paygo scorecard</header><text>The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idfd0d617fc3d545b2bd2578766d8f9616"><enum>(b)</enum><header>Senate paygo scorecard</header><text>The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 201 of S. Con. Res. 21 (110th Congress).</text></subsection></section>August 5, 2015Read twice and placed on the calendar