[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3506 Introduced in Senate (IS)]

<DOC>






114th CONGRESS
  2d Session
                                S. 3506

     To amend the Internal Revenue Code of 1986 to make technical 
                  corrections, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            December 6, 2016

 Mr. Hatch (for himself and Mr. Wyden) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
     To amend the Internal Revenue Code of 1986 to make technical 
                  corrections, and for other purposes.

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

SECTION 1. SHORT TITLE; TABLE OF CONTENTS; ETC.

    (a) Short Title.--This Act may be cited as the ``Tax Technical 
Corrections Act of 2016''.
    (b) Amendment of Internal Revenue Code of 1986.--Except as 
otherwise expressly provided, whenever in this Act an amendment or 
repeal is expressed in terms of an amendment to, or repeal of, a 
section or other provision, the reference shall be considered to be 
made to a section or other provision of the Internal Revenue Code of 
1986.
    (c) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents; etc.
                   TITLE I--TAX TECHNICAL CORRECTIONS

Sec. 101. Amendments relating to Protecting Americans from Tax Hikes 
                            Act of 2015.
Sec. 102. Amendment relating to Consolidated Appropriations Act, 2016.
Sec. 103. Amendments relating to Fixing America's Surface 
                            Transportation Act.
Sec. 104. Amendments relating to Surface Transportation and Veterans 
                            Health Care Choice Improvement Act of 2015.
Sec. 105. Amendments relating to Stephen Beck, Jr., ABLE Act of 2014.
Sec. 106. Amendment relating to American Taxpayer Relief Act of 2012.
Sec. 107. Amendment relating to United States-Korea Free Trade 
                            Agreement Implementation Act.
Sec. 108. Amendment relating to SAFETEA-LU.
Sec. 109. Amendment relating to the American Jobs Creation Act of 2004.
   TITLE II--TECHNICAL CORRECTIONS RELATED TO PARTNERSHIP AUDIT RULES

Sec. 201. Scope of adjustments subject to partnership audit rules.
Sec. 202. Determination of imputed underpayments.
Sec. 203. Alternative procedure to filing amended returns for purposes 
                            of modifying imputed underpayment.
Sec. 204. Treatment of passthrough partners in tiered structures.
Sec. 205. Treatment of failure of partnership to pay imputed 
                            underpayment.
Sec. 206. Other technical corrections related to partnership audit 
                            rules.
Sec. 207. Effective date.
                      TITLE III--OTHER CORRECTIONS

Sec. 301. Amendments relating to the Bipartisan Budget Act of 2015.
Sec. 302. Amendments relating to the Energy Policy Act of 2005.
              TITLE IV--CLERICAL CORRECTIONS AND DEADWOOD

Sec. 401. Clerical corrections and deadwood-related provisions.

                   TITLE I--TAX TECHNICAL CORRECTIONS

SEC. 101. AMENDMENTS RELATING TO PROTECTING AMERICANS FROM TAX HIKES 
              ACT OF 2015.

    (a) Amendment Relating to Section 105.--Section 132(f)(6)(A) is 
amended by striking the second sentence.
    (b) Amendments Relating to Section 121.--Section 41(c) is amended--
            (1) by striking paragraph (4),
            (2) by redesignating paragraphs (5), (6), and (7) as 
        paragraphs (4), (5), and (6), respectively, and
            (3) by striking the last sentence of paragraph (4)(C) (as 
        so redesignated).
    (c) Amendments Relating to Section 143.--
            (1) Section 168(k)(2)(B)(i)(III) is amended by inserting 
        ``binding'' before ``contract''.
            (2) Section 168(k)(5)(B)(ii) is amended--
                    (A) by inserting ``crop or'' after ``more than 
                one'', and
                    (B) by inserting ``a marketable crop or yield of'' 
                after ``begins bearing''.
            (3) Section 168(k)(5)(F) is amended--
                    (A) by striking ``(or is grafted to a plant that 
                has already been planted before such date)'',
                    (B) by inserting ``or grafted'' after ``which is 
                planted'', and
                    (C) by striking ``(or so grafted)'' in clauses (i) 
                and (ii) and inserting ``or grafted''.
            (4) Section 168(k)(6) is amended to read as follows:
            ``(6) Phase-down.--In the case of qualified property placed 
        in service by the taxpayer after December 31, 2017 (December 
        31, 2018, in the case of property described in subparagraph (B) 
        or (C) of paragraph (2)), paragraph (1)(A) shall be applied by 
        substituting for `50 percent'--
                    ``(A) `40 percent' in the case of--
                            ``(i) property placed in service in 2018 
                        (other than property described in subparagraph 
                        (B) or (C) of paragraph (2)), and
                            ``(ii) property described in subparagraph 
                        (B) or (C) of paragraph (2) which is placed in 
                        service in 2019, and
                    ``(B) `30 percent' in the case of--
                            ``(i) property placed in service in 2019 
                        (other than property described in subparagraph 
                        (B) or (C) of paragraph (2)), and
                            ``(ii) property described in subparagraph 
                        (B) or (C) of paragraph (2) which is placed in 
                        service in 2020.''.
            (5) Section 168(k)(7) is amended by striking ``paragraphs 
        (1) and (2)(F)'' and inserting ``paragraphs (1), (2)(F), and 
        (4)''.
    (d) Amendments Relating to Section 167.--
            (1) Section 168(j)(3) is amended by striking ``property to 
        which paragraph (1) applies'' and inserting ``qualified Indian 
        reservation property''.
            (2) Section 168(j)(8) is amended by striking ``this 
        subsection'' and inserting ``paragraph (1)''.
    (e) Amendments Relating to Section 202.--
            (1) Section 6722(c)(3)(A) is amended--
                    (A) by striking ``any information return'' in 
                clause (iii) and inserting ``such payee statement'', 
                and
                    (B) by striking ``filed'' in the flush matter at 
                the end and inserting ``furnished''.
            (2) Section 202(e) of the Protecting Americans from Tax 
        Hikes Act of 2015 is amended by striking ``provided'' and 
        inserting ``furnished''.
    (f) Amendments Relating to Section 203.--
            (1) Section 6109(i)(1)(A)(i) is amended by striking 
        ``community-based certified acceptance agent'' and inserting 
        ``community-based certifying acceptance agent''.
            (2) Section 6109(i)(1)(B) is amended by striking ``Internal 
        Revenue Service'' and inserting ``Internal Revenue Service, a 
        community-based certifying acceptance agent approved by the 
        Secretary,''.
            (3) Section 6109(i)(3) is amended--
                    (A) in subparagraph (A)--
                            (i) by inserting ``ending after the 
                        issuance of such number'' before the period at 
                        the end of the first sentence, and
                            (ii) by striking ``on the last day of such 
                        third consecutive taxable year'' and inserting 
                        ``on the day after the due date for the return 
                        of tax for such third consecutive taxable 
                        year'', and
                    (B) by striking subparagraph (B)(ii) and inserting 
                the following:
                            ``(ii) if the individual does not file a 
                        return of tax (or is not included as a 
                        dependent on the return of tax of another 
                        taxpayer) for 3 consecutive taxable years at 
                        least one of which ends after December 18, 
                        2015, the due date for the return of tax for 
                        such third consecutive taxable year.''.
            (4) Section 203(c) of the Protecting Americans from Tax 
        Hikes Act of 2015 is amended--
                    (A) by striking ``section 6109(i)(1)(A)(i)'' and 
                inserting ``section 6109(i)(1)'',
                    (B) by striking ``community-based certified 
                acceptance agents'' and inserting ``community-based 
                certifying acceptance agents'', and
                    (C) by striking ``Certified'' in the heading 
                thereof and inserting ``Certifying''.
            (5) Section 203(f) of the Protecting Americans from Tax 
        Hikes Act of 2015 is amended by striking ``The amendments'' and 
        inserting ``Except to the extent provided in section 6109(i)(3) 
        of the Internal Revenue Code of 1986, the amendments''.
    (g) Amendments Relating to Section 204.--Section 204(b) of the 
Protecting Americans from Tax Hikes Act of 2015 is amended--
            (1) by striking paragraph (2), and
            (2) by striking so much as precedes ``amendment made by 
        this section'' and inserting the following: ``(b) Effective 
        Date.--The''.
    (h) Amendments Relating to Section 205.--
            (1) Section 24(e)(2) is amended by striking ``identifying 
        number'' and inserting ``taxpayer identification number''.
            (2) Section 205(c) of the Protecting Americans from Tax 
        Hikes Act of 2015 is amended--
                    (A) by striking paragraph (2), and
                    (B) by striking so much as precedes ``shall apply 
                to any return of tax'' and inserting the following: 
                ``(c) Effective Date.--The amendments made by this 
                section''.
    (i) Amendments Relating to Section 206.--Section 206(b) of the 
Protecting Americans from Tax Hikes Act of 2015 is amended--
            (1) by striking ``Except as provided in paragraph (2), the 
        amendment'' in paragraph (1) and inserting ``The amendment'', 
        and
            (2) by striking paragraph (2) and redesignating paragraph 
        (3) as paragraph (2).
    (j) Amendment Relating to Section 209.--Section 209(d)(2) of the 
Protecting Americans from Tax Hikes Act of 2015 is amended by striking 
``amendment made by subsection (b)'' and inserting ``amendments made by 
subsections (b) and (c)''.
    (k) Amendments Related to Sections 102, 206, 207, 208, and 211.--
            (1) Section 25A(b)(1) is amended--
                    (A) in subparagraph (A) by striking ``$1,000'' and 
                inserting ``$2,000'', and
                    (B) in subparagraph (B)--
                            (i) by striking ``50 percent'' and 
                        inserting ``25 percent'',
                            (ii) by striking ``$1,000'' and inserting 
                        ``$2,000'', and
                            (iii) by striking ``the applicable limit'' 
                        and inserting ``$4,000''.
            (2) Subparagraphs (A) and (C) of section 25A(b)(2) are 
        amended by striking ``2'' in the heading and text of each 
        subparagraph and inserting ``4''.
            (3) Section 25A(b)(4) is amended to read as follows:
            ``(4) Restrictions on taxpayers who improperly claimed 
        american opportunity tax credit in prior years.--
                    ``(A) Taxpayers making prior fraudulent or reckless 
                claims.--
                            ``(i) In general.--No American Opportunity 
                        Tax Credit shall be allowed under this section 
                        for any taxable year in the disallowance 
                        period.
                            ``(ii) Disallowance period.--For purposes 
                        of subparagraph (A), the disallowance period 
                        is--
                                    ``(I) the period of 10 taxable 
                                years after the most recent taxable 
                                year for which there was a final 
                                determination that the taxpayer's claim 
                                of the American Opportunity Tax Credit 
                                under this section was due to fraud, 
                                and
                                    ``(II) the period of 2 taxable 
                                years after the most recent taxable 
                                year for which there was a final 
                                determination that the taxpayer's claim 
                                of the American Opportunity Tax Credit 
                                under this section was due to reckless 
                                or intentional disregard of rules and 
                                regulations (but not due to fraud).
                    ``(B) Taxpayers making improper prior claims.--In 
                the case of a taxpayer who is denied the American 
                Opportunity Tax Credit under this section for any 
                taxable year as a result of the deficiency procedures 
                under subchapter B of chapter 63, no American 
                Opportunity Tax Credit shall be allowed under this 
                section for any subsequent taxable year unless the 
                taxpayer provides such information as the Secretary may 
                require to demonstrate eligibility for such credit.''.
            (4) Section 25A(d) is amended to read as follows:
    ``(d) Limitations Based on Modified Adjusted Gross Income.--
            ``(1) American opportunity tax credit.--The American 
        Opportunity Tax Credit (determined without regard to this 
        paragraph) shall be reduced (but not below zero) by the amount 
        which bears the same ratio to such credit (as so determined) 
        as--
                    ``(A) the excess of--
                            ``(i) the taxpayer's modified adjusted 
                        gross income for such taxable year, over
                            ``(ii) $80,000 ($160,000 in the case of a 
                        joint return), bears to
                    ``(B) $10,000 ($20,000 in the case of a joint 
                return).
            ``(2) Lifetime learning credit.--The Lifetime Learning 
        Credit (determined without regard to this paragraph) shall be 
        reduced (but not below zero) by the amount which bears the same 
        ratio to such credit (as so determined) as--
                    ``(A) the excess of--
                            ``(i) the taxpayer's modified adjusted 
                        gross income for such taxable year, over
                            ``(ii) $40,000 ($80,000 in the case of a 
                        joint return), bears to
                    ``(B) $10,000 ($20,000 in the case of a joint 
                return).
            ``(3) Modified adjusted gross income.--For purposes of this 
        subsection, the term `modified adjusted gross income' means the 
        adjusted gross income of the taxpayer for the taxable year 
        increased by any amount excluded from gross income under 
        section 911, 931, or 933.''.
            (5) Section 25A(f)(1) is amended by adding at the end the 
        following new subparagraph:
                    ``(D) Required course materials taken into account 
                for american opportunity tax credit.--For purposes of 
                determining the American Opportunity Tax Credit, 
                subparagraph (A) shall be applied by substituting 
                `tuition, fees, and course materials' for `tuition and 
                fees'.''.
            (6) Section 25A(g)(1) is amended--
                    (A) by striking ``No credit'' and inserting the 
                following:
                    ``(A) In general.--No credit'', and
                    (B) by adding at the end the following new 
                subparagraph:
                    ``(B) Additional identification requirements with 
                respect to american opportunity tax credit.--
                            ``(i) Student.--The requirements of 
                        subparagraph (A) shall not be treated as met 
                        with respect to the American Opportunity Tax 
                        Credit unless the individual's taxpayer 
                        identification number was issued on or before 
                        the due date for filing the return of tax for 
                        the taxable year.
                            ``(ii) Taxpayer.--No American Opportunity 
                        Tax Credit shall be allowed under this section 
                        if the taxpayer identification number of the 
                        taxpayer was issued after the due date for 
                        filing the return for the taxable year.
                            ``(iii) Institution.--No American 
                        Opportunity Tax Credit shall be allowed under 
                        this section unless the taxpayer includes the 
                        employer identification number of any 
                        institution to which qualified tuition and 
                        related expenses were paid with respect to the 
                        individual.''.
            (7) Section 25A(h) is amended to read as follows:
    ``(h) Inflation Adjustment.--
            ``(1) In general.--In the case of a taxable year beginning 
        after 2001, the $40,000 and $80,000 amounts in subsection 
        (d)(2) shall each be increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins, determined by substituting 
                `calendar year 2000' for `calendar year 1992' in 
                subparagraph (B) thereof.
            ``(2) Rounding.--If any amount as adjusted under paragraph 
        (1) is not a multiple of $1,000, such amount shall be rounded 
        to the next lowest multiple of $1,000.''.
            (8) Section 25A(i) is amended to read as follows:
    ``(i) Portion of American Opportunity Tax Credit Made Refundable.--
Forty percent of so much of the credit allowed under subsection (a) as 
is attributable to the American Opportunity Tax Credit (determined 
after application of subsection (d) and without regard to this 
paragraph and section 26(a)) shall be treated as a credit allowable 
under subpart C (and not allowed under subsection (a)). The preceding 
sentence shall not apply to any taxpayer for any taxable year if such 
taxpayer is a child to whom subsection (g) of section 1 applies for 
such taxable year.''.
            (9) The heading of section 25A is amended by striking 
        ``hope'' and inserting ``american opportunity''.
            (10) The item relating to section 25A in the table of 
        contents for subpart A of part IV of subchapter A of chapter 1 
        is amended to read as follows:

``Sec. 25A. American Opportunity and Lifetime Learning credits.''.
            (11) The heading of section 25A(b) is amended by striking 
        ``Hope Scholarship Credit'' and inserting ``American 
        Opportunity Tax Credit''.
            (12) The heading of section 25A(b)(2) is amended by 
        striking ``hope scholarship credit'' and inserting ``american 
        opportunity tax credit''.
            (13) The heading of section 25A(c)(2)(A) is amended by 
        striking ``hope scholarship'' and inserting ``american 
        opportunity tax credit''.
            (14) Section 25A, as amended by the preceding provisions of 
        this Act, is amended by striking ``Hope Scholarship Credit'' 
        each place it appears in the text and inserting ``American 
        Opportunity Tax Credit''.
            (15) The heading of section 529(c)(3)(B)(v) is amended by 
        striking ``hope'' and inserting ``american opportunity''.
            (16) The heading of section 530(d)(2)(C) is amended by 
        striking ``hope'' and inserting ``american opportunity''.
            (17) Section 6211(b)(4)(A), as amended by this Act, is 
        amended by striking ``subsection (i)(5)'' and inserting 
        ``subsection (i)''.
            (18) Section 6213(g)(2)(Q) is amended to read as follows:
                    ``(Q) an omission of information required by 
                section 25A(b)(4)(B) or an entry on the return claiming 
                the American Opportunity Tax Credit for a taxable year 
                for which such credit is disallowed under section 
                25A(b)(4)(A).''.
            (19) Section 207(b)(1) of the Protecting Americans from Tax 
        Hikes Act of 2015 is amended by striking ``the American 
        opportunity tax credit under section 25A(i) of such Code'' and 
        inserting ``the American Opportunity Tax Credit under section 
        25A of such Code''.
    (l) Amendment Relating to Section 311.--
            (1) The last sentence of section 355(h)(2)(B) is amended by 
        striking ``80 percent'' both places it appears and inserting 
        ``at least 80 percent''.
            (2) Section 355(h)(2) is amended--
                    (A) by striking ``spinoffs'' in the heading of such 
                paragraph and inserting ``distributions'', and
                    (B) by striking ``Spinoffs'' in the headings of 
                subparagraphs (A) and (B) and inserting 
                ``Distributions''.
    (m) Amendment Relating to Section 318.--
            (1) Section 856(c)(9)(A) is amended--
                    (A) by striking ``Personal property'' and inserting 
                the following:
                            ``(i) In general.--Personal property'', and
                    (B) by adding at the end the following new clause:
                            ``(ii) Treatment of gain on disposition.--
                        If--
                                    ``(I) personal property is leased 
                                under, or in connection with, a lease 
                                of real property, for a period of not 
                                less than 1 year, and rents 
                                attributable to such personal property 
                                are treated as rents from real property 
                                under subsection (d)(1)(C),
                                    ``(II) any portion of such personal 
                                property and any portion of such real 
                                property are sold, or otherwise 
                                disposed of, in a single disposition 
                                (or contemporaneously in separate 
                                dispositions), and
                                    ``(III) the fair market value of 
                                the personal property so sold or 
                                contemporaneously disposed of 
                                (determined at the time of disposition) 
                                does not exceed 15 percent of the total 
                                fair market value of all of the 
                                personal and real property so sold or 
                                contemporaneously disposed of 
                                (determined at the time of 
                                disposition),
                        any gain from such dispositions shall be 
                        treated for purposes of paragraphs (2)(H) and 
                        (3)(H) as gain from the disposition of a real 
                        estate asset.''.
            (2) Section 856(c)(9)(B) is amended to read as follows:
                    ``(B) Certain personal property mortgaged in 
                connection with real property.--
                            ``(i) In general.--In the case of an 
                        obligation secured by a mortgage on both real 
                        property and personal property, if the fair 
                        market value of such personal property does not 
                        exceed 15 percent of the total fair market 
                        value of all such property, such obligation 
                        shall be treated--
                                    ``(I) for purposes of paragraph 
                                (3)(B), as an obligation described 
                                therein,
                                    ``(II) for purposes of paragraph 
                                (4)(A), as a real estate asset, and
                                    ``(III) for purposes of paragraphs 
                                (2)(D) and (3)(C), as a mortgage on 
                                real property.
                            ``(ii) Determination of fair market 
                        value.--
                                    ``(I) In general.--Except as 
                                provided in subclause (II), the fair 
                                market value of all such property shall 
                                be determined for purposes of clause 
                                (i) in the same manner as the fair 
                                market value of real property is 
                                determined for purposes of apportioning 
                                interest income between real property 
                                and personal property under paragraph 
                                (3)(B).
                                    ``(II) Gain on disposition.--For 
                                purposes of applying clause (i)(III), 
                                fair market value shall be determined 
                                at the time of sale or other 
                                disposition.''.
    (n) Amendments Relating to Section 322.--
            (1) Section 897(k)(2) is amended--
                    (A) by striking so much of subparagraph (B) as 
                precedes ``amounts realized by the qualified 
                shareholder'' and inserting the following:
                    ``(B) Exception.--In the case of a qualified 
                shareholder with one or more applicable investors--
                            ``(i) subparagraph (A)(i) shall not apply 
                        to the applicable percentage of the stock of 
                        the real estate investment trust held by the 
                        qualified shareholder, and
                            ``(ii) the applicable percentage of the'', 
                        and
                    (B) by adding at the end the following new 
                subparagraph:
                    ``(F) Applicable percentage.--For purposes of 
                subparagraph (B), the term `applicable percentage' 
                means the percentage of the value of the interests 
                (other than interests held solely as a creditor) in the 
                qualified shareholder held by applicable investors.''.
            (2) Section 897(k)(2)(D) is amended by striking 
        ``paragraph'' and inserting ``subsection''.
            (3) Section 897(k)(2)(E) is amended by striking ``and (C) 
        and paragraph (4)'' and inserting ``and (D)''.
            (4) Section 897(k)(3)(B)(i) is amended by striking so much 
        as precedes ``for a reduced rate of withholding'' and inserting 
        the following:
                            ``(i) which--
                                    ``(I) is eligible for benefits 
                                under the comprehensive income tax 
                                treaty described in subparagraph 
                                (A)(i)(I), but only if the dividends 
                                article of such treaty imposes 
                                conditions on the benefits allowable in 
                                the case of dividends paid by a real 
                                estate investment trust, and
                                    ``(II) is eligible under such 
                                treaty''.
            (5) Section 897(k)(3)(B)(ii) is amended--
                    (A) by adding ``and'' at the end of subclause (II), 
                and
                    (B) by striking ``United States corporation'' in 
                subclause (III) and inserting ``domestic corporation''.
            (6) Section 322 of the Protecting Americans from Tax Hikes 
        Act of 2015 is amended by striking subsections (b)(2) and 
        (c)(3), and the Internal Revenue Code of 1986 shall be applied 
        as if such subsections, and amendments made thereby, had never 
        been enacted.
            (7) Section 322(c)(2) of such Act is amended by striking 
        ``take effect on'' and inserting the following: ``apply with 
        respect to testing periods (as defined in section 897(h)(4)(D) 
        of the Internal Revenue Code of 1986) ending on or after''.
    (o) Amendments Related to Section 323.--
            (1) So much of subsection (l) of section 897 as precedes 
        paragraph (2) thereof is amended to read as follows:
    ``(l) Exception for Qualified Foreign Pension Funds.--
            ``(1) In general.--For purposes of this section, a 
        qualified foreign pension fund shall not be treated as a 
        nonresident alien individual or a foreign corporation. For 
        purposes of the preceding sentence, an entity all the interests 
        of which are held by a qualified foreign pension fund shall be 
        treated as such a fund.''.
            (2) Subparagraph (B) of section 897(l)(2) is amended to 
        read as follows:
                    ``(B) which is established--
                            ``(i) by such country (or one or more 
                        political subdivisions thereof) to provide 
                        retirement or pension benefits to participants 
                        or beneficiaries that are current or former 
                        employees (including self-employed individuals) 
                        or persons designated by such employees, as a 
                        result of services rendered by such employees 
                        to their employers, or
                            ``(ii) by one or more employers to provide 
                        retirement or pension benefits to participants 
                        or beneficiaries that are current or former 
                        employees (including self-employed individuals) 
                        or persons designated by such employees in 
                        consideration for services rendered by such 
                        employees to such employers,''.
            (3) Section 897(l)(2)(D) is amended by striking ``provides 
        annual information reporting about its beneficiaries to the 
        relevant tax authorities'' and inserting ``with respect to 
        which annual information about its beneficiaries is provided, 
        or is otherwise available, to the relevant tax authorities''.
            (4) Section 897(l)(2)(E) is amended--
                    (A) by striking ``such entity'' in clause (i) and 
                inserting ``such entity or arrangement'', and
                    (B) by striking ``or such income is taxed at a 
                reduced rate'' in clause (ii) and inserting ``, or such 
                income is excluded from the gross income of such entity 
                or arrangement or is taxed at a reduced rate''.
    (p) Amendments Relating to Section 333.--
            (1) Section 831(b)(2) is amended by redesignating 
        subparagraph (D) as subparagraph (E) and by inserting after 
        subparagraph (C) the following new subparagraph:
                    ``(D) Look-through of reinsurance and fronting 
                arrangements.--In the case of reinsurance or any 
                fronting, intermediary, or similar arrangement, the 
                term `policyholder' means each policyholder of the 
                underlying direct written insurance with respect to 
                such reinsurance or arrangement.''.
            (2)(A) Subclause (II) of section 831(b)(2)(B)(i) is amended 
        by striking ``specified assets'' and inserting ``relevant 
        specified assets''.
            (B) Section 831(b)(2)(B)(ii) is amended by redesignating 
        subclauses (II), (III), and (IV) as subclauses (III), (IV), and 
        (V), respectively, and by inserting after subclause (I) the 
        following new subclause:
                                    ``(II) Relevant specified assets.--
                                The term `relevant specified assets' 
                                means, with respect to any specified 
                                holder with respect to any insurance 
                                company, the aggregate amount of the 
                                specified assets, with respect to such 
                                insurance company, any interest in 
                                which is held (directly or indirectly) 
                                by any spouse or specified relation of 
                                such specified holder. Such term shall 
                                not include any specified asset solely 
                                by reason of an interest in such asset 
                                which was acquired by such spouse or 
                                specified relation by bequest, devise, 
                                or inheritance from a decedent during 
                                the taxable year of the insurance 
                                company or the preceding taxable year. 
                                For purposes of this subclause, the 
                                term `specified relation' means any 
                                individual with respect to whom the 
                                specified holder bears a relationship 
                                described in subclause (I).''.
    (q) Effective Date.--The amendments made by this section shall take 
effect as if included in the provision of the Protecting Americans from 
Tax Hikes Act of 2015 to which they relate.

SEC. 102. AMENDMENT RELATING TO CONSOLIDATED APPROPRIATIONS ACT, 2016.

    (a) Amendment Relating to Section 305 of Division P.--Section 
199(c)(3)(C)(i) is amended--
            (1) by inserting ``who elects the application of this 
        clause for any taxable year,'' after ``In the case of any 
        taxpayer'',
            (2) by striking ``and who'' and inserting ``, and who'',
            (3) by striking ``the taxable year'' and inserting ``such 
        taxable year'', and
            (4) by striking ``under subsection (d)(9)(B)'' and 
        inserting ``(as defined in subsection (d)(9)(B))''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 305 of division P of the Consolidated 
Appropriations Act, 2016.

SEC. 103. AMENDMENTS RELATING TO FIXING AMERICA'S SURFACE 
              TRANSPORTATION ACT.

    (a) Amendments Relating to Section 32101.--
            (1) Section 7345(e)(1) is amended--
                    (A) by striking ``or the Tax Court'' and inserting 
                ``, or against the Commissioner in the Tax Court,'', 
                and
                    (B) by adding at the end the following: ``For 
                purposes of the preceding sentence, the court first 
                acquiring jurisdiction over such an action shall have 
                sole jurisdiction.''.
            (2) Section 7345(f) is amended by striking ``subsection 
        (a)'' and inserting ``subsection (b)(1)(B)''.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in section 32101 of the Fixing America's Surface 
Transportation Act.

SEC. 104. AMENDMENTS RELATING TO SURFACE TRANSPORTATION AND VETERANS 
              HEALTH CARE CHOICE IMPROVEMENT ACT OF 2015.

    (a) Amendment Relating to Section 2004.--Section 6662(k) is amended 
to read as follows:
    ``(k) Inconsistent Estate Basis Reporting.--For purposes of this 
section, there is an `inconsistent estate basis' if the adjusted basis 
of property (to which section 1014(f) applies) claimed on a return 
exceeds the amount that would have been so claimed if the basis of such 
property had been properly determined under such section.''.
    (b) Amendments Relating to Section 2008.--Section 9503(e)(2) is 
amended--
            (1) by striking ``per gallon'' in subparagraph (C) and 
        inserting ``per energy equivalent of a gallon of diesel (as 
        defined in section 4041(a)(2)(D))'', and
            (2) by striking ``per gallon'' in subparagraph (D) and 
        inserting ``per energy equivalent of a gallon of gasoline (as 
        defined in section 4041(a)(2)(C))''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provision of the Surface Transportation 
and Veterans Health Care Choice Improvement Act of 2015 to which they 
relate.

SEC. 105. AMENDMENTS RELATING TO STEPHEN BECK, JR., ABLE ACT OF 2014.

    (a) Amendments Relating to Section 208.--Section 208(h) of the 
Stephen Beck, Jr., ABLE Act of 2014 is amended--
            (1) by striking so much as precedes ``made by this 
        section'' and inserting the following:
    ``(h) Effective Date.--
            ``(1) In general.--Except as provided in paragraph (2), the 
        amendments'',
            (2) by inserting ``, and statements required to be 
        furnished,'' after ``returns required to be filed'', and
            (3) by adding at the end the following new paragraph:
            ``(2) Subsection (c).--The amendment made by subsection (c) 
        shall apply to returns or claims for refund filed after 
        December 31, 2014.''.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in section 208 of the Stephen Beck, Jr., ABLE Act 
of 2014.

SEC. 106. AMENDMENT RELATING TO AMERICAN TAXPAYER RELIEF ACT OF 2012.

    (a) Amendment Relating to Section 104.--Section 6211(b)(4)(A) is 
amended by striking ``subsection (i)(6)'' and inserting ``subsection 
(i)(5)''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 104 of the American Taxpayer Relief 
Act of 2012.

SEC. 107. AMENDMENT RELATING TO UNITED STATES-KOREA FREE TRADE 
              AGREEMENT IMPLEMENTATION ACT.

    (a) Amendment Relating to Section 501.--Section 501(b) of the 
United States-Korea Free Trade Agreement Implementation Act is amended 
by striking ``returns required to be filed'' and inserting ``documents 
prepared''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 501 of the United States-Korea Free 
Trade Agreement Implementation Act.

SEC. 108. AMENDMENT RELATING TO SAFETEA-LU.

    (a) Amendment Relating to Section 11125.--Section 5681(b) is 
amended by striking ``who has paid the special tax (or who is exempt 
from payment of such special tax by reason of the provisions of section 
5113(a))'' and inserting ``who meets the requirements of section 
5121(a) and section 5124 (or who is exempt from such requirements by 
reason of section 5121(b))''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 11125 of the Safe, Accountable, 
Flexible, Efficient Transportation Equity Act: A Legacy for Users.

SEC. 109. AMENDMENT RELATING TO THE AMERICAN JOBS CREATION ACT OF 2004.

    (a) Amendment Relating to Section 319.--Section 501(c)(12)(E) is 
amended by striking ``means the Federal Energy Regulatory Commission'' 
and all that follows and inserting: ``means--
                            ``(i) the Federal Energy Regulatory 
                        Commission, and
                            ``(ii) in the case of any utility with 
                        respect to which all of the electricity 
                        generated, transmitted, or distributed by such 
                        utility is generated, transmitted, distributed, 
                        and consumed in the same State, the State 
                        agency of such State with the authority to 
                        regulate electric utilities.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 319 of the American Jobs Creation Act 
of 2004.

   TITLE II--TECHNICAL CORRECTIONS RELATED TO PARTNERSHIP AUDIT RULES

SEC. 201. SCOPE OF ADJUSTMENTS SUBJECT TO PARTNERSHIP AUDIT RULES.

    (a) In General.--Section 6241(2) is amended to read as follows:
            ``(2) Partnership adjustment.--
                    ``(A) In general.--The term `partnership 
                adjustment' means any adjustment to a partnership-
                related item.
                    ``(B) Partnership-related item.--The term 
                `partnership-related item' means--
                            ``(i) any item or amount with respect to 
                        the partnership (without regard to whether or 
                        not such item or amount appears on the 
                        partnership's return and including any item or 
                        amount relating to any transaction with, basis 
                        in, or liability of, the partnership) which is 
                        relevant (determined without regard to this 
                        subchapter) in determining the tax liability of 
                        any person under chapter 1, and
                            ``(ii) any partner's distributive share of 
                        any item or amount described in clause (i).''.
    (b) Coordination With Other Chapters.--Section 6241 is amended by 
adding at the end the following new paragraph:
            ``(9) Coordination with other chapters.--This subchapter 
        shall not apply with respect to any tax imposed (or any amount 
        required to be deducted or withheld) under chapter 2, 2A, 3, or 
        4, except that any partnership adjustment determined under this 
        subchapter for purposes of chapter 1 shall be taken into 
        account for purposes of determining any such tax to the extent 
        that such adjustment is relevant to such determination.''.
    (c) Conforming Amendments.--
            (1) Section 6211(c) is amended to read as follows:
    ``(c) Coordination With Subchapter C.--In determining the amount of 
any deficiency for purposes of this subchapter, adjustments to 
partnership-related items shall be made only as provided in subchapter 
C.''.
            (2) Section 6221(a) is amended to read as follows:
    ``(a) In General.--Any adjustment to a partnership-related item 
shall be determined, and any tax attributable thereto shall be assessed 
and collected, and the applicability of any penalty, addition to tax, 
or additional amount which relates to an adjustment to any such item 
shall be determined, at the partnership level, except to the extent 
otherwise provided in this subchapter.''.
            (3) Section 6222(a) is amended to read as follows:
    ``(a) In General.--A partner shall, on the partner's return, treat 
any partnership-related item in a manner which is consistent with the 
treatment of such item on the partnership return.''.
            (4) Section 6226(a)(2) is amended by striking ``any 
        adjustment to income, gain, loss, deduction, or credit'' and 
        inserting ``any adjustment to a partnership-related item''.
            (5) Section 6227(a) is amended by striking ``items of 
        income, gain, loss, deduction, or credit of the partnership'' 
        and inserting ``partnership-related items''.
            (6) Section 6231(a)(1) is amended by striking ``any item of 
        income, gain, loss, deduction, or credit of a partnership for a 
        partnership taxable year'' and inserting ``any partnership-
        related item for any partnership taxable year''.
            (7) Section 6234(c) is amended by striking ``all items of 
        income, gain, loss, deduction, or credit of the partnership'' 
        and inserting ``all partnership-related items''.

SEC. 202. DETERMINATION OF IMPUTED UNDERPAYMENTS.

    (a) In General.--Section 6225(b) is amended to read as follows:
    ``(b) Determination of Imputed Underpayments.--For purposes of this 
subchapter--
            ``(1) In general.--Except as otherwise provided in this 
        section, any imputed underpayment with respect to any reviewed 
        year shall be determined by the Secretary by--
                    ``(A) appropriately netting all partnership 
                adjustments with respect to such reviewed year, and
                    ``(B) applying the highest rate of tax in effect 
                for the reviewed year under section 1 or 11.
            ``(2) Adjustments to distributive shares of partners not 
        netted.--In the case of any adjustment which reallocates the 
        distributive share of any item from one partner to another, 
        such adjustment shall be taken into account by disregarding so 
        much of such adjustment as results in a decrease in the amount 
        of the imputed underpayment.
            ``(3) Adjustments separately netted by category.--For 
        purposes of paragraph (1)(A), partnership adjustments for any 
        reviewed year shall first be separately determined (and netted 
        as appropriate) within each category of items that are required 
        to be taken into account separately under section 702(a) or 
        other provision of this title.
            ``(4) Limitation on adjustments that may be taken into 
        account.--If any adjustment would (but for this paragraph)--
                    ``(A) result in a decrease in the amount of the 
                imputed underpayment, and
                    ``(B) could be subject to any additional limitation 
                under the provisions of this title (or not allowed, in 
                whole or in part, against ordinary income) if such 
                adjustment were taken into account by any person,
        such adjustment shall not be taken into account under paragraph 
        (1)(A) except to the extent otherwise provided by the 
        Secretary.''.
    (b) Conforming Amendments.--
            (1) Section 6225(a) is amended to read as follows:
    ``(a) In General.--In the case of any adjustments by the Secretary 
to any partnership-related items with respect to any reviewed year of a 
partnership--
            ``(1) if such adjustments result in an imputed 
        underpayment, the partnership shall pay an amount equal to such 
        imputed underpayment in the adjustment year as provided in 
        section 6232, and
            ``(2) if such adjustments do not result in an imputed 
        underpayment, such adjustments shall be taken into account by 
        the partnership in the adjustment year.''.
            (2) Section 6225(c) is amended by adding at the end the 
        following new paragraph:
            ``(9) Modification of adjustments not resulting in an 
        imputed underpayment.--The Secretary shall establish procedures 
        under which the adjustments described in subsection (a)(2) may 
        be modified in such manner as the Secretary determines 
        appropriate.''.

SEC. 203. ALTERNATIVE PROCEDURE TO FILING AMENDED RETURNS FOR PURPOSES 
              OF MODIFYING IMPUTED UNDERPAYMENT.

    (a) In General.--Section 6225(c)(2) is amended to read as follows:
            ``(2) Procedures for partners to take adjustments into 
        account.--
                    ``(A) Amended returns of partners.--Such procedures 
                shall provide that if--
                            ``(i) one or more partners file returns for 
                        the taxable year of the partners which includes 
                        the end of the reviewed year of the partnership 
                        (and for any taxable year with respect to which 
                        any tax attribute is affected by reason of any 
                        adjustment referred to in clause (ii)),
                            ``(ii) such returns take into account all 
                        adjustments under subsection (a) properly 
                        allocable to such partners (and the effect of 
                        such adjustments on any tax attributes), and
                            ``(iii) payment of any tax due is included 
                        with such returns,
                then the imputed underpayment amount shall be 
                determined without regard to the portion of the 
                adjustments so taken into account.
                    ``(B) Alternative procedure to filing amended 
                returns.--Such procedures shall provide that, with 
                respect to any partner referred to in subparagraph (A), 
                the requirements of subparagraph (A) shall be treated 
                as satisfied with respect to adjustments properly 
                allocable to such partner if, in lieu of filing the 
                returns described in such subparagraph--
                            ``(i) the amounts described in subparagraph 
                        (A)(iii) are paid by the partner,
                            ``(ii) the adjustments to the tax 
                        attributes of such partner referred to in 
                        subparagraph (A)(ii) are binding with respect 
                        to all subsequent taxable years of the partner, 
                        and
                            ``(iii) such partner provides, in the form 
                        and manner specified by the Secretary 
                        (including, if the Secretary so specifies, in 
                        the same form as on an amended return), such 
                        information as the Secretary may require to 
                        carry out this subparagraph.
                    ``(C) Reallocation of distributive share.--In the 
                case of any adjustment which reallocates the 
                distributive share of any item from one partner to 
                another, this paragraph shall apply with respect to any 
                such partner only if the requirements of subparagraph 
                (A) or (B) are satisfied with respect to all partners 
                affected by such adjustment.
                    ``(D) Application of statute of limitations.--
                Sections 6501 and 6511 shall not apply with respect to 
                any return filed for purposes of subparagraph (A)(i) or 
                any amount paid under subparagraph (A)(iii) or (B)(i), 
                but only with respect to adjustments referred to in 
                subparagraph (A)(ii).
                    ``(E) Application to tiered partnerships.--In the 
                case of any partnership any partner of which is a 
                partnership, except as otherwise provided by the 
                Secretary, subparagraph (B) shall apply with respect to 
                any partner in the chain of ownership of such 
                partnerships. For purposes of applying the preceding 
                sentence, an S corporation and its shareholders shall 
                be treated in the same manner as a partnership and its 
                partners.''.
    (b) Conforming Amendment.--Section 6201(a)(1) is amended by 
inserting ``(or payments under section 6225(c)(2)(B)(i))'' after 
``returns or lists''.

SEC. 204. TREATMENT OF PASSTHROUGH PARTNERS IN TIERED STRUCTURES.

    (a) In General.--Section 6226(b) is amended by adding at the end 
the following new paragraph:
            ``(4) Treatment of partnerships in tiered structures.--
                    ``(A) In general.--If a partner which receives a 
                statement under subsection (a)(2) is a partnership or 
                an S corporation, such partner shall, with respect to 
                the partner's share of the adjustment--
                            ``(i) file with the Secretary a partnership 
                        adjustment tracking report which includes such 
                        information as the Secretary may require, and
                            ``(ii) either--
                                    ``(I) pay the imputed underpayment 
                                under rules similar to the rules of 
                                section 6225 (other than paragraphs 
                                (2)(A), (6), (7), and (9) of subsection 
                                (c) thereof), or
                                    ``(II) furnish statements under 
                                rules similar to the rules of 
                                subsection (a)(2).
                    ``(B) Due date.--For purposes of subparagraph (A), 
                with respect to a partner's share of the adjustment, 
                the partnership adjustment tracking report shall be 
                filed, and the imputed underpayment shall be paid or 
                statements shall be furnished, not later than the due 
                date for the return for the taxable year of the audited 
                partnership which includes the date the final 
                determination was made with respect to such 
                partnership.
                    ``(C) Partnership payment of tax not permitted if 
                elected out of subchapter.--In the case of a 
                partnership which has elected the application of 
                section 6221(b) with respect to the taxable year of the 
                partnership which includes the end of the reviewed year 
                of the audited partnership, this paragraph shall apply 
                notwithstanding such election, except that subparagraph 
                (A) shall be applied without regard to clause (ii)(I) 
                thereof.
                    ``(D) Audited partnership.--For purposes of this 
                paragraph, the term `audited partnership' means, with 
                respect to any partner described in subparagraph (A), 
                the partnership in the chain of ownership originally 
                electing the application of this section.''.
    (b) Conforming Amendments.--
            (1) Section 6226(b)(1) is amended by striking ``Each 
        partner's'' and inserting ``Except as provided in paragraph 
        (4), each partner's''.
            (2) Section 6226(c)(2) is amended by inserting ``or which 
        is described in subsection (b)(4)(A)(ii)(I),'' after ``is 
        elected,''.

SEC. 205. TREATMENT OF FAILURE OF PARTNERSHIP TO PAY IMPUTED 
              UNDERPAYMENT.

    Section 6232 is amended by adding at the end the following new 
subsection:
    ``(f) Failure To Pay Imputed Underpayment.--
            ``(1) In general.--If any amount of any imputed 
        underpayment to which section 6225 applies or which is 
        described in section 6226(b)(4)(A)(ii)(I) (or any interest or 
        penalties with respect to any such amount) has not been paid by 
        the date which is 10 days after the date on which the Secretary 
        provides notice and demand for such payment--
                    ``(A) section 6621(a)(2)(B) shall be applied by 
                substituting `5 percentage points' for `3 percentage 
                points' with respect to such amount, and
                    ``(B) the Secretary may assess upon each partner of 
                the partnership (determined as of the close of the 
                adjustment year) a tax equal to such partner's 
                proportionate share of such amount (including any such 
                interest or penalties, determined after application of 
                subparagraph (A)).
            ``(2) Proportionate share.--For purposes of paragraph (1), 
        a partner's proportionate share is such percentage as the 
        Secretary may determine on the basis of such partner's 
        distributive share of items under section 702. The Secretary 
        shall make determinations under the preceding sentence such 
        that the aggregate proportionate shares so determined total 100 
        percent.
            ``(3) Coordination with partnership liability.--The 
        liability of the partnership for any amount with respect to 
        which a partner is made liable under paragraph (1) shall be 
        reduced upon payment by the partner of such amount. Paragraph 
        (1)(B) shall not apply with respect to any amount after the 
        date on which such amount is paid by the partnership.
            ``(4) S corporations.--For purposes of this subsection, an 
        S corporation and its shareholders shall be treated in the same 
        manner as a partnership and its partners.
            ``(5) Rules related to assessment and collection.--
                    ``(A) Deficiency procedures not applicable.--
                Subchapter B shall not apply to any assessment or 
                collection under this paragraph.
                    ``(B) Limitation on assessment.--Except as 
                otherwise provided in this chapter, no assessment may 
                be made with respect to any partner with respect to an 
                amount under paragraph (1) (and no levy or proceeding 
                in any court for the collection of such amount may 
                begin) after the date which is 2 years after the date 
                on which the Secretary provides notice and demand to 
                the partnership with respect to such amount.''.

SEC. 206. OTHER TECHNICAL CORRECTIONS RELATED TO PARTNERSHIP AUDIT 
              RULES.

    (a) Limitation on Amendment of Statements Furnished to Partners Not 
Applicable to Partnerships Electing Out of Partnership Audit Rules.--
Section 6031(b) is amended by striking the last sentence and inserting 
the following: ``Information required to be furnished by the 
partnership under this subsection may not be amended after the due date 
of the return under subsection (a) to which such information relates, 
except--
            ``(1) in the case of a partnership which has elected the 
        application of section 6221(b) for the taxable year,
            ``(2) as provided in the procedures under section 6225(c),
            ``(3) with respect to statements under section 6226, or
            ``(4) as otherwise provided by the Secretary.''.
    (b) Administrative Adjustment Request and Partnership Adjustment 
Tracking Report Not Treated as Amended Return for Purposes of 
Modification of Imputed Underpayments.--Section 6225(c)(2), as amended 
by the preceding provisions of this Act, is amended by adding at the 
end the following new subparagraph:
                    ``(F) Adjustments not treated as amended return.--
                An administrative adjustment request under section 6227 
                and a partnership adjustment tracking report under 
                section 6226(b)(4)(A) shall not be treated as a return 
                for purposes of this paragraph.''.
    (c) Clarification of Final Determination With Respect to 
Partnership Adjustment.--
            (1) In general.--Section 6226(a)(2) is amended by striking 
        ``in the notice of final partnership adjustment'' and inserting 
        ``by reference to the final determination with respect to such 
        adjustment''.
            (2) Final determination.--Section 6225(d) is amended by 
        adding at the end the following new paragraph:
            ``(3) Final determination.--The final determination is made 
        with respect to an adjustment on the date on which--
                    ``(A) in the case of an adjustment pursuant to the 
                decision of a court in a proceeding brought under 
                section 6234, such decision becomes final,
                    ``(B) in the case of an administrative adjustment 
                request under section 6227, such administrative 
                adjustment request is filed, or
                    ``(C) in any other case, 90 days after the date on 
                which the notice of the final partnership adjustment is 
                mailed under section 6231.''.
            (3) Conforming amendments.--
                    (A) Section 6225(d)(2) is amended by striking ``in 
                which--'' and all that follows and inserting ``in which 
                the final determination is made with respect to the 
                adjustment.''.
                    (B) Section 6227(b) is amended by striking ``is 
                made'' both places it appears and inserting ``is 
                filed''.
    (d) Clarification of Assessment Authority.--Section 6226(a) is 
amended by inserting ``(and no assessment of tax, levy, or proceeding 
in any court for the collection of such underpayment shall be made 
against such partnership)'' after ``section 6225 shall not apply with 
respect to such underpayment''.
    (e) Treatment of Partnership Adjustments That Result in Decrease in 
Tax in Case of Election To Push Out Adjustments.--Section 6226(b) is 
amended--
            (1) by striking ``increased'' in paragraph (1) and 
        inserting ``adjusted'',
            (2) by striking ``adjustment amounts'' each place it 
        appears in paragraphs (1) and (2) and inserting ``correction 
        amounts'',
            (3) by striking ``increase'' each place it appears in 
        subparagraphs (A) and (B) of paragraph (2) and inserting 
        ``increase or decrease'',
            (4) by striking ``plus'' at the end of paragraph (2)(A) and 
        inserting ``and'', and
            (5) by striking ``Adjustment amounts'' in the heading of 
        paragraph (2) and inserting ``Correction amounts''.
    (f) Time Limitation for Notice of Proposed Adjustment.--
            (1) In general.--Section 6231 is amended by redesignating 
        subsections (b) and (c) as subsections (c) and (d), 
        respectively, and by inserting after subsection (a) the 
        following new subsection:
    ``(b) Timing of Notices.--
            ``(1) Notice of proposed partnership adjustment.--Any 
        notice of a proposed partnership adjustment shall not be mailed 
        later than the date determined under section 6235 (determined 
        without regard to paragraphs (2) and (3) of subsection (a) 
        thereof).
            ``(2) Notice of final partnership adjustment.--
                    ``(A) In general.--Except to the extent that the 
                partnership elects to waive the application of this 
                subparagraph, any notice of a final partnership 
                adjustment shall not be mailed earlier than 270 days 
                after the date on which the notice of the proposed 
                partnership adjustment is mailed.
                    ``(B) Statute of limitations on adjustment.--For 
                the period of limitations on making adjustments, see 
                section 6235.''.
            (2) Conforming amendment.--Section 6231(a) is amended by 
        striking ``Any notice of a final partnership adjustment'' and 
        all that follows through ``Such notices'' and inserting ``Any 
        notice of a final partnership adjustment''.
    (g) Deposit To Suspend Interest on Imputed Underpayment.--Section 
6233 is amended by adding at the end the following new subsection:
    ``(c) Deposit To Suspend Interest.--For rules allowing deposits to 
suspend running of interest on potential underpayments, see section 
6603.''.
    (h) Treatment of Special Enforcement Matters.--Section 6241, as 
amended by the preceding provisions of this Act, is amended by adding 
at the end the following new paragraph:
            ``(10) Treatment of special enforcement matters.--
                    ``(A) In general.--In the case of partnership-
                related items which involve special enforcement 
                matters, the Secretary may prescribe regulations 
                pursuant to which--
                            ``(i) this subchapter (or any portion 
                        thereof) does not apply to such items, and
                            ``(ii) such items are subject to such 
                        special rules (including rules related to 
                        assessment and collection) as the Secretary 
                        determines to be necessary for the effective 
                        and efficient enforcement of this title.
                    ``(B) Special enforcement matters.--For purposes of 
                subparagraph (A), the term `special enforcement 
                matters' means--
                            ``(i) failure to comply with the 
                        requirements of section 6226(b)(4)(A)(ii),
                            ``(ii) assessments under section 6851 
                        (relating to termination assessments of income 
                        tax) or section 6861 (relating to jeopardy 
                        assessments of income, estate, gift, and 
                        certain excise taxes),
                            ``(iii) criminal investigations,
                            ``(iv) indirect methods of proof of income,
                            ``(v) foreign partnerships, and
                            ``(vi) other matters that the Secretary 
                        determines by regulation present special 
                        enforcement considerations.''.
    (i) Penalties Related to Administrative Adjustment Requests and 
Partnership Adjustment Tracking Reports.--
            (1) Failure to pay.--Section 6651 is amended by 
        redesignating subsection (i) as subsection (j) and by inserting 
        after subsection (h) the following new subsection:
    ``(i) Application to Imputed Underpayment.--For purposes of this 
section, any failure to comply with section 6226(b)(4)(A)(ii) shall be 
treated as a failure to pay the amount described in subclause (I) 
thereof and such amount shall be treated for purposes of this section 
as an amount shown as tax on a return specified in subsection 
(a)(1).''.
            (2) Failure to file partnership adjustment tracking 
        report.--Section 6698(a) is amended--
                    (A) in the matter preceding paragraph (1) by 
                inserting ``, or a partnership adjustment tracking 
                report under section 6226(b)(4)(A),'' after ``under 
                section 6031'',
                    (B) in paragraph (1) by inserting ``, or such 
                report,'' after ``such return'', and
                    (C) in paragraph (2)--
                            (i) by inserting ``or a report'' after ``a 
                        return'', and
                            (ii) by inserting ``or 6226(b)(4)(A), 
                        respectively'' before the comma at the end.
            (3) Tax return preparer related penalties.--Section 
        6696(e)(1) is amended by inserting ``, any administrative 
        adjustment request under section 6227, and any partnership 
        adjustment tracking report under section 6226(b)(4)(A)'' before 
        the period at the end.
            (4) Frivolous tax submissions.--Section 6702 is amended by 
        adding at the end the following new subsection:
    ``(f) Partnership Adjustments.--An administrative adjustment 
request under section 6227 and a partnership adjustment tracking report 
under section 6226(b)(4)(A) shall be treated as a return for purposes 
of this section.''.
    (j) Adjusted Schedule K-1 Treated as Payee Statement.--Section 
6724(d)(2) is amended by striking ``or'' at the end of subparagraph 
(HH), by striking the period at the end of subparagraph (II) and 
inserting ``, or'', and by inserting after subparagraph (II) the 
following new subparagraph:
                    ``(JJ) section 6226(a)(2) (relating to statements 
                relating to alternative to payment of imputed 
                underpayment by partnership) or under any other 
                provision of this title which provides for the 
                application of rules similar to such section.''.
    (k) Clerical Corrections.--
            (1) Section 6232(d)(1)(A) is amended by striking ``a item'' 
        and inserting ``an item''.
            (2) Section 6232(e) is amended by striking ``thereof''.
            (3) Section 6235(a) is amended by striking ``subpart'' and 
        inserting ``subchapter''.
            (4) Section 6235(a)(3) is amended by striking ``section 
        6225(c)(7)'' and inserting ``section 6225(c)(7))''.
            (5) Section 6241(5) is amended by striking ``sections 
        6234'' and inserting ``section 6234''.
            (6) The heading of the first part of subchapter C of 
        chapter 63 is amended to read as follows:

                        ``PART I--IN GENERAL''.

            (7) The heading of the second part of subchapter C of 
        chapter 63 is amended to read as follows:

                 ``PART II--PARTNERSHIP ADJUSTMENTS''.

            (8) The heading of the third part of subchapter C of 
        chapter 63 is amended to read as follows:

                        ``PART III--PROCEDURE''.

            (9) The heading of the fourth part of subchapter C of 
        chapter 63 is amended to read as follows:

              ``PART IV--DEFINITIONS AND SPECIAL RULES''.

SEC. 207. EFFECTIVE DATE.

    The amendments made by this title shall take effect as if included 
in section 1101 of the Bipartisan Budget Act of 2015.

                      TITLE III--OTHER CORRECTIONS

SEC. 301. AMENDMENTS RELATING TO THE BIPARTISAN BUDGET ACT OF 2015.

    (a) Amendments Relating to Section 1101.--
            (1) Section 6011(e) is amended by adding at the end the 
        following new paragraph:
            ``(5) Special rules for partnerships.--
                    ``(A) Partnerships permitted to be required to file 
                on magnetic media.--In the case of a partnership, 
                paragraph (2)(A) shall be applied by substituting for 
                `250' the following amount:
                            ``(i) In the case of returns and statements 
                        relating to calendar year 2018, `200'.
                            ``(ii) In the case of returns and 
                        statements relating to calendar year 2019, 
                        `150'.
                            ``(iii) In the case of returns and 
                        statements relating to calendar year 2020, 
                        `100'.
                            ``(iv) In the case of returns and 
                        statements relating to calendar year 2021, 
                        `50'.
                            ``(v) In the case of returns and statements 
                        relating to calendar years after 2021, `20'.
                    ``(B) Partnerships required to file on magnetic 
                media.--Notwithstanding subparagraph (A) and paragraph 
                (2)(A), the Secretary shall require partnerships having 
                more than 100 partners to file returns on magnetic 
                media.''.
            (2) Section 6011(e)(2) is amended by striking the last 
        sentence.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in section 1101 of the Bipartisan Budget Act of 
2015.

SEC. 302. AMENDMENTS RELATING TO THE ENERGY POLICY ACT OF 2005.

    (a) Amendments Relating to Section 1253.--
            (1) Subclause (II) of section 168(e)(3)(B)(vi) is amended 
        by striking ``is a qualifying small power production facility'' 
        and all that follows and inserting ``has a power production 
        capacity of not greater than 80 megawatts, or''.
            (2) The last sentence of section 168(e)(3)(B) is amended by 
        striking ``clause (vi)(I)'' and all that follows and inserting 
        ``subclause (I) or (II) of clause (vi) by reason of being 
        public utility property.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.

              TITLE IV--CLERICAL CORRECTIONS AND DEADWOOD

SEC. 401. CLERICAL CORRECTIONS AND DEADWOOD-RELATED PROVISIONS.

    (a) Clerical Corrections.--
            (1) The table of subchapters for chapter 1 is amended by 
        moving the item relating to subchapter R before the item 
        relating to subchapter S.
            (2)(A) Sections 22(c)(3)(A)(i)(III), 104(b)(2)(D), 
        140(a)(3), and 149(b)(3)(A)(i) are each amended by striking 
        ``Veterans' Administration'' and inserting ``Department of 
        Veterans Affairs''.
            (B) The heading of section 4980H(c)(2)(F) is amended by 
        striking ``Veterans administration'' and inserting ``Department 
        of veterans affairs''.
            (C) Section 6050H(h)(3)(B)(i) is amended by striking 
        ``Veterans Administration'' and inserting ``Department of 
        Veterans Affairs''.
            (3) Section 24(d) is amended by redesignating paragraph (5) 
        as paragraph (3).
            (4) Section 25C(b)(2) is amended by striking ``subsection 
        (c)(2)(B)'' and inserting ``subsection (c)(3)(B)''.
            (5) Section 25C(d)(3) is amended--
                    (A) by striking the period at the end of 
                subparagraph (B) and inserting a comma, and
                    (B) by striking the period at the end of 
                subparagraph (D) and inserting ``, and''.
            (6) Section 25C(g)(2) is amended by striking ``2016..'' and 
        inserting ``2016.''.
            (7) The table of sections for subpart D of part IV of 
        subchapter A of chapter 1 is amended--
                    (A) by striking the item relating to section 41 
                which relates to the employee stock ownership credit, 
                and
                    (B) by moving the item relating to section 45K 
                after the item relating to section 45J.
            (8) Section 38(b)(34) is amended by adding a comma at the 
        end.
            (9) The heading of section 40(g)(2) is amended by striking 
        ``Aggregration'' and inserting ``Aggregation''.
            (10) The heading of section 42(e)(2)(B) is amended by 
        striking ``etc,'' and inserting ``etc.,''.
            (11)(A) Section 42(d)(4)(C)(i) is amended by striking ``as 
        defined in paragraph (5)(C)'' and inserting ``as defined in 
        paragraph (5)(B)(ii)''.
            (B) Section 42(f)(5)(B)(ii)(I) is amended by striking 
        ``(d)(6)(C)'' and inserting ``(d)(6)(B)''.
            (C) Section 42(k)(2)(B) is amended--
                    (i) by striking ``(d)(6)(B)'' and inserting 
                ``(d)(6)(C)'', and
                    (ii) by striking ``building..'' in clause (ii) and 
                inserting ``building.''.
            (D) Section 42(m)(1)(B)(ii)(III) is amended by striking 
        ``as defined in subsection (d)(5)(C)'' and inserting ``as 
        defined in subsection (d)(5)(B)(ii)''.
            (12) Section 42(h)(5)(C)(ii) is amended by striking ``; 
        and'' and inserting ``, and''.
            (13) Section 42(i)(3)(D)(ii)(I) is amended by striking the 
        period at the end.
            (14) Section 45(c)(6) is amended by striking ``section 
        2(27)'' and inserting ``section 1004(27)''.
            (15) Section 45(c)(7)(A)(i)(II) is amended by striking 
        ``for purpose'' and inserting ``for the purpose''.
            (16) Section 45(c)(7)(A)(i)(III) is amended by striking the 
        period at the end and inserting ``, or''.
            (17) Section 45C(b)(2)(A)(ii)(II) is amended by striking 
        ``; and'' and inserting ``, and''.
            (18) Section 45D(f)(1)(F) is amended by adding ``, and'' at 
        the end.
            (19) Section 45H(d) is amended by striking ``purposes 
        this'' and inserting ``purposes of this''.
            (20) Section 48(a)(1) is amended by striking ``(3)(B), and 
        (4)(B)'' and inserting ``and (3)(B)''.
            (21) Section 48(a)(6)(B) is amended by striking ``property 
        energy property'' and inserting ``energy property''.
            (22) Section 48(c)(2)(B) is amended by striking ``equal 
        $200'' and inserting ``equal to $200''.
            (23) Section 48(d)(3) is amended--
                    (A) by striking ``shall'' in the matter that 
                precedes subparagraph (A), and
                    (B) by inserting ``shall'' before ``not'' in 
                subparagraph (A).
            (24) Section 49(a)(1)(D)(iii) is amended by striking 
        ``share-holder'' in the last sentence and inserting 
        ``shareholder''.
            (25) Section 50(b)(2)(A) is amended by striking the period 
        at the end and inserting a semicolon.
            (26) Section 51(c)(4) is amended by adding a period at the 
        end.
            (27) Section 51(d)(3)(A)(ii)(II) is amended by adding a 
        comma at the end.
            (28) Section 51(d)(8) is amended by striking ``food stamp 
        recipient'' in the heading thereof and inserting ``supplemental 
        nutrition assistance program benefits recipient''.
            (29) Section 51(i)(1)(A) is amended by striking ``entity,'' 
        and inserting ``entity''.
            (30) The item relating to section 54C in the table of 
        sections for subpart I of part IV of subchapter A of chapter 1 
        is amended to read as follows:

``Sec. 54C. New clean renewable energy bonds.''.
            (31) Section 58(a)(2)(A) is amended by striking ``461(j)'' 
        and inserting ``461(k)''.
            (32) Section 62(a)(20) is amended by inserting a comma 
        after ``United States Code''.
            (33) Section 62(e)(1) is amended by striking ``(2 U.S.C. 
        1202)'' and inserting ``(42 U.S.C. 2000e-16b)''.
            (34) Section 68(b)(2) is amended by striking ``shall be 
        shall be'' and inserting ``shall be''.
            (35) The heading of section 82 is amended by striking ``for 
        expenses of moving'' and inserting ``of moving expenses''.
            (36) The heading of section 84 is amended by striking 
        ``political organization'' and inserting ``political 
        organizations''.
            (37) Section 105(h)(7)(B) is amended by striking 
        ``subparagraph (A)'' and inserting ``subparagraph (A))''.
            (38) Section 125(e)(2) is amended by striking 
        ``subparagraphs'' and inserting ``subparagraph''.
            (39) Section 132(c)(4) is amended by striking ``peforming'' 
        and inserting ``performing''.
            (40) Section 134(b)(6) is amended by striking ``an combat'' 
        and inserting ``a combat''.
            (41) Section 139(c)(2) is amended by striking ``federally'' 
        and inserting ``a federally''.
            (42) Section 139E(c)(1) is amended by striking ``(43 U.S.C. 
        1601, et seq.)'' and inserting ``(43 U.S.C. 1601 et seq.)''.
            (43) Section 139E(c)(3) is amended by striking ``2013'' and 
        inserting ``2014''.
            (44) The item relating to section 143 in the table of 
        sections for subpart A of part IV of subchapter B of chapter 1 
        is amended to read as follows:

``Sec. 143. Mortgage revenue bonds; qualified mortgage bond and 
                            qualified veterans' mortgage bond.''.
            (45) Section 141(e)(2) is amended by striking ``, and'' and 
        inserting a period.
            (46) Section 142(d)(2)(C) is amended by inserting 
        ``section'' before ``42(i)(3)(D)''.
            (47) Section 148(f)(4)(C)(xiv) is amended by striking 
        ``subpargraph'' and inserting ``subparagraph''.
            (48) Section 163(e)(5)(C)(ii) is amended by inserting 
        ``in'' before ``subsection (i)(1)(B)''.
            (49) Section 168(d)(3)(B)(i) is amended by inserting a 
        comma after ``real property''.
            (50) Section 168(e)(3)(C)(i) is amended by striking 
        ``and''.
            (51) Section 169(d)(5)(B) is amended by inserting ``a'' 
        before ``facility''.
            (52) Section 170(b)(1)(A)(ix) is amended by inserting 
        ``National'' before ``Agricultural''.
            (53) Section 172(d)(5) is amended by striking ``section 
        243'' and inserting ``sections 243''.
            (54) Section 179D(d)(1)(B) is amended by striking ``which'' 
        and inserting ``such that''.
            (55) Section 199 is amended by striking so much of 
        subsection (a) as precedes ``There shall be allowed'' and 
        inserting ``(a) Allowance of Deduction.--''.
            (56) Section 219(f)(1) is amended by striking ``term 
        compensation includes'' in the last sentence and inserting 
        ``term `compensation' includes''.
            (57) Section 219(g)(8) is amended by striking ``shall each 
        be'' and inserting ``shall be''.
            (58) Section 223(d)(2)(A) is amended by striking ``section 
        213(d)'' and inserting ``section 213(d))''.
            (59) The item relating to section 280H in the table of 
        sections for part IX of subchapter B of chapter 1 is amended to 
        read as follows:

``Sec. 280H. Limitation on certain amounts paid to employee-owners by 
                            personal service corporations electing 
                            alternative taxable years.''.
            (60) Subparagraphs (F) and (G) of section 263(a)(1) are 
        each amended by striking the semicolon at the end and inserting 
        a comma.
            (61) Section 263(a)(1) is amended by redesignating 
        subparagraphs (I) through (L) as subparagraphs (H) through (K), 
        respectively.
            (62) Section 280C(a) is amended by striking ``and 
        1396(a),'' and inserting ``1396(a),''.
            (63) Section 280F(d)(4)(A)(iv) is amended by striking 
        ```and''' at the end and inserting ``and''.
            (64) The heading of section 331 is amended by striking 
        ``shareholders'' and inserting ``shareholder''.
            (65) Section 338(h)(3)(A)(iii) is amended by striking 
        ``paragaraph'' and inserting ``paragraph''.
            (66) The second sentence of section 355(h)(2)(B) is amended 
        by striking ``of assets''.
            (67) The heading of subpart C of part III of subchapter C 
        of chapter 1 is amended by striking ``Corporation'' and 
        inserting ``Corporations''.
            (68) Section 362(a) is amended by striking the comma after 
        ``acquired''.
            (69) Section 368(a)(2)(F)(vii) is amended by striking ``(15 
        U.S.C. 80a-2(36))'' and inserting ``(15 U.S.C. 80a-2(a)(36))''.
            (70) Section 401(a)(2) is amended by striking 
        ``determination).;'' and inserting ``determination));''.
            (71) Section 401(a)(15) is amended by striking ``a trust'' 
        and inserting ``A trust''.
            (72) Section 401(a)(32)(A) is amended by striking ``section 
        section'' both places it appears and inserting ``section''.
            (73) Section 401(c)(2)(A)(iii) is amended by striking 
        ``sections 3121(d)(3)(A), (C), or (D), without regard to 
        paragraph (2) of section 1402(c)'' and inserting ``subparagraph 
        (A), (C), or (D) of section 3121(d)(3), without regard to 
        section 1402(c)(2)''.
            (74) Section 402(i) is amended by striking ``subparagraph 
        (A) of subsection (d)(4)'' and inserting ``subsection 
        (e)(4)(D)(i)''.
            (75) Section 404A(c)(4)(B) is amended by striking ``and'' 
        at the end.
            (76) Section 408(a)(1) is amended by inserting ``or'' after 
        ``subsection (d)(3)''.
            (77) Section 408(m)(3)(B) is amended by striking ``section 
        7'' and inserting ``section 5''.
            (78) Section 408A(d)(3)(B) is amended by adding a period at 
        the end.
            (79) Section 408A(e)(2)(B) is amended by striking ``the 
        subparagraph (A)'' and inserting ``subparagraph (A)''.
            (80) Section 409(n)(1)(A)(i) is amended by striking 
        ``securities,,,'' and inserting ``securities,''.
            (81) Section 409A(b)(3)(B)(i) is amended by striking the 
        semicolon at the end and inserting a comma.
            (82) The item relating to section 413 in the table of 
        sections for subpart B of part I of subchapter D of chapter 1 
        is amended to read as follows:

``Sec. 413. Collectively bargained plans, etc.''.
            (83) Section 411(a)(4)(A) is amended by striking the comma 
        at the end and inserting a semicolon.
            (84) Section 411(b)(5)(B)(iv) is amended by striking 
        ``similar amount'' and inserting ``similar account''.
            (85) Section 412(c)(1)(A) is amended by adding a period at 
        the end.
            (86) Section 412(c)(4)(B) is amended by inserting 
        ``section'' before ``433(d)''.
            (87) Section 412(c)(7)(B)(iii) is amended by striking the 
        comma after ``subchapter D''.
            (88) Section 414(l)(2)(G) is amended by striking ``banks'' 
        in the heading thereof and inserting ``depository 
        institutions''.
            (89) Section 414(u)(6) is amended by striking ``section 
        403(b)'' and inserting ``section 403(b))''.
            (90) Section 414(x)(1) is amended by striking ``are'' and 
        inserting ``is''.
            (91) Section 414(y)(1)(C)(i) is amended by striking ``of 
        such Code''.
            (92) Section 414(y)(2) is amended by striking 
        ``subparagraph'' and inserting ``subparagraphs''.
            (93) Section 418E is amended by striking ``subsection 
        432(b)(2)'' each place it appears and inserting ``section 
        432(b)(2)''.
            (94) Section 418E(d)(1), as amended by the preceding 
        paragraph, is amended--
                    (A) by striking ``section 432(b)(2),,'' and 
                inserting ``section 432(b)(2),'', and
                    (B) by striking ``section 432(b)(2),)'' and 
                inserting ``section 432(b)(2))''.
            (95) Section 418E(e)(1)(A) is amended to read as follows:
                    ``(A) notify the Secretary and the parties 
                described in section 101(f)(1) of the Employee 
                Retirement Income Security Act of 1974 of that 
                determination, and''.
            (96) Section 419A(c)(6)(B) is amended by striking ``(42 
        U.S.C. 300gg-91(d)(3))'' and inserting ``(42 U.S.C. 300gg-
        91(d)(3)))''.
            (97) Section 420(c)(1)(A) is amended by striking 
        ``subsection (e)(1)(D)'' and inserting ``subsection 
        (e)(1)(E)''.
            (98) Section 424(g) is amended by striking ``section 
        422(a)(2)'' and inserting ``sections 422(a)(2)''.
            (99) Section 430(c)(7)(E)(v)(II) is amended by inserting 
        ``the'' after ``title I of''.
            (100) Section 430(h)(2)(F) is amended by striking ``section 
        417(e)(3)(D)(i)'' and inserting ``section 417(e)(3)(D)''.
            (101) Section 431(d)(2)(B)(i) is amended by striking ``this 
        Act'' and inserting ``the Pension Protection Act of 2006''.
            (102) Section 432(b)(3)(A)(i) is amended by striking 
        ``paragraph (5),,'' and inserting ``paragraph (5),''.
            (103) Section 432(b)(3)(B) is amended by redesignating the 
        clause (iv) relating to projections of critical and declining 
        status as clause (v).
            (104) Section 432(b)(3)(D)(iv) is amended by inserting a 
        comma after ``Labor''.
            (105) Section 432(e)(8)(C)(iii) is amended by striking 
        ``the Secretary shall'' and inserting ``The Secretary shall''.
            (106) Section 432(g)(1) is amended by striking ``subsection 
        (e)(9))'' and inserting ``subsection (e)(9)''.
            (107) Section 433(c)(5)(C)(ii)(II) is amended by inserting 
        ``of such Act'' after ``title IV''.
            (108) The item relating to section 436 in the table of 
        sections for subpart B of part III of subchapter D of chapter 1 
        is amended to read as follows:

``Sec. 436. Funding-based limits on benefits and benefit accruals under 
                            single-employer plans.''.
            (109) Section 447(h)(2)(A) is amended by striking 
        ``employes'' and inserting ``employees''.
            (110) Section 447(i)(5)(B) is amended by redesignating 
        clause (iv) as clause (iii).
            (111) The heading of section 453B is amended by striking 
        ``loss disposition'' and inserting ``loss on disposition''.
            (112) Section 457(f)(4)(C)(i) is amended--
                    (A) by striking ``section 9101'' and inserting 
                ``section 8101'', and
                    (B) by striking ``7801),'' and inserting 
                ``7801)),''.
            (113) Section 457A(d)(4) is amended--
                    (A) by striking ``case a foreign'' and inserting 
                ``case of a foreign'', and
                    (B) by striking ``had been'' and inserting 
                ``been''.
            (114) Section 458(b)(9) is amended by striking 
        ``Repurchased'' in the heading thereof and inserting 
        ``Repurchase''.
            (115) Section 458(c)(1) is amended by striking 
        ``regulations prescribed'' and inserting ``regulations 
        prescribe''.
            (116) Section 460(b)(2)(A) is amended by inserting a comma 
        after ``first''.
            (117)(A) Section 461 is amended by redesignating the second 
        subsection (j) (relating to farming syndicate defined) as 
        subsection (k).
            (B) Section 461(i)(4) is amended by striking ``subsection 
        (j)'' and inserting ``subsection (k)''.
            (118) The heading of section 464 is amended by inserting 
        ``expenses'' after ``farming''.
            (119) Section 464(d)(2)(B)(iii) is amended by striking 
        ``subsection (c)(2)(E)'' and inserting ``section 
        461(k)(2)(E)''.
            (120) Section 470(d)(2)(B) is amended by striking ``clause 
        (ii)'' and inserting ``subparagraph (A)(ii)''.
            (121) The item relating to part VIII in the table of parts 
        for subchapter F of chapter 1 is amended to read as follows:

                ``Part VIII. Certain Savings Entities''.

            (122) Section 501(c)(14)(B)(iv) is amended by adding a 
        period at the end.
            (123) Section 501(c)(19)(B) is amended by striking 
        ``widows,,'' and inserting ``widows,''.
            (124) Section 501(f)(3)(B) is amended by striking ``section 
        115(a)'' and inserting ``section 115''.
            (125) The item relating to section 511 in the table of 
        sections for part III of subchapter F of chapter 1 is amended 
        to read as follows:

``Sec. 511. Imposition of tax on unrelated business income of 
                            charitable, etc., organizations.''.
            (126) Section 512(b)(19)(H)(iii) is amended by striking 
        ``clause (i)(II)'' and inserting ``clause (i)''.
            (127) Section 529(c)(6) is amended by striking ``an 
        Coverdell'' and inserting ``a Coverdell''.
            (128) Section 529(e)(3)(A) is amended--
                    (A) by striking the semicolon at the end of clause 
                (i) and inserting a comma, and
                    (B) by adding ``, and'' at the end of clause (ii).
            (129) Section 529A(d)(4) is amended by striking ``Achieving 
        a Better Life Experience Act of 2014'' and inserting ``Stephen 
        Beck, Jr., ABLE Act of 2014''.
            (130) Section 529A(e)(4) is amended by striking 
        ``subparagraph section'' and inserting ``section''.
            (131) Section 530(d)(9)(B) is amended by striking ``by 
        the'' and inserting ``by''.
            (132) Section 542(c)(5) is amended by striking the comma at 
        the end and inserting a semicolon.
            (133) Section 542(c)(7) is amended by striking ``A small'' 
        and inserting ``a small''.
            (134) Section 543(a)(2)(B)(ii) is amended by striking 
        ``section 563(d)'' and inserting ``section 563(c)''.
            (135) Section 543(d)(5)(A)(ii) is amended by striking 
        ``section 563(d)'' and inserting ``section 563(c)''.
            (136) Section 613A(c)(7)(B) is amended by striking 
        ``taxpayers'' and inserting ``taxpayer's''.
            (137) Section 642(c)(1) is amended by striking ``other 
        then'' and inserting ``other than''.
            (138) The item relating to section 661 in the table of 
        sections for subpart C of part I of subchapter J of chapter 1 
        is amended to read as follows:

``Sec. 661. Deduction for estates and trusts accumulating income or 
                            distributing corpus.''.
            (139) Section 706(b)(5) is amended by striking ``section 
        584(h)'' and inserting ``section 584(i)''.
            (140) Section 751(c) is amended by striking ``and, 
        sections'' both places it appears and inserting ``and 
        sections''.
            (141) Section 807(e)(7)(A)(i) is amended by striking 
        ``subparagraph (C)'' and inserting ``subparagraph (B)''.
            (142) Section 810(c)(2)(B) is amended by striking 
        ``corporations),'' and inserting ``corporations)''.
            (143) Section 810(d)(1) is amended by striking ``paragraphs 
        (2) and (3) of section 804) or'' and inserting ``paragraph (2) 
        of section 804) for''.
            (144) Section 810(f) is amended by striking ``section 
        805(b)(5)'' and inserting ``section 805(b)(4)''.
            (145) Section 831(c) is amended by striking ``section 
        816(a)).'' and inserting ``section 816(a).''.
            (146) Section 832(b)(7)(E)(ii)(II) is amended by striking 
        the comma at the end and inserting a period.
            (147) Section 852(a)(1)(B) is amended by striking ``265,'' 
        and inserting ``265 and''.
            (148) Section 852(b)(2)(D) is amended by striking ``the 
        deduction'' and inserting ``The deduction''.
            (149) Subparagraphs (A) and (B) of section 856(c)(7) are 
        each amended by striking ``paragraph (4)(B)(iii)'' and 
        inserting ``paragraph (4)(B)(iv)''.
            (150) Paragraphs (1), (3), (4), and (5) of section 856(m) 
        are each amended by striking ``subsection (c)(4)(B)(iii)'' and 
        inserting ``subsection (c)(4)(B)(iv)''.
            (151) Section 857(b)(6)(J) is amended by striking ``section 
        856(c)(8)'' and inserting ``section 856(c)(10)''.
            (152) Section 860(f)(2)(A)(ii) is amended by striking 
        ``decreased'' and inserting ``decrease''.
            (153) Section 860(i) is amended by striking ``willfull'' 
        and inserting ``willful''.
            (154) Section 860G(a)(3)(A)(iii)(III) is amended by 
        striking the period at the end and inserting a comma.
            (155) Section 864(d)(8) is amended by striking ``section 
        956(b)(3)'' and inserting ``section 956(c)(3)''.
            (156) Section 877(d)(4)(B)(i) is amended by striking ``in 
        957'' and inserting ``in section 957''.
            (157) Section 877A(g)(6) is amended by striking 
        ``220(e)(4)'' and inserting ``220(f)(4)''.
            (158) Section 897(a)(1)(A) is amended by striking ``section 
        871(B)(1)'' and inserting ``section 871(b)(1)''.
            (159) The heading of section 897(k)(2) is amended by 
        striking ``usrpi'' and inserting ``united states real property 
        interest''.
            (160) Section 904(d)(2)(B)(ii) is amended by striking 
        ``subparagraph (E)(iii) or paragraph (3)(I)'' and inserting 
        ``subparagraph (E)(ii) or paragraph (3)(H)''.
            (161) Section 907(c)(3)(C) is amended by striking the 
        period after ``partnerships'' and inserting a comma.
            (162) Section 907(f)(1) is amended by striking ``year,'' 
        and inserting ``years,''.
            (163) Section 911(d)(8)(B)(i) is amended by striking ``(50 
        U.S.C. App. 1 et seq.)'' and inserting ``(50 U.S.C. 4301 et 
        seq.)''.
            (164) Section 912(1)(B) is amended by striking ``(50 
        U.S.C., sec. 403e)'' and inserting ``(50 U.S.C. 3505)''.
            (165) Section 936(h)(5)(C)(i)(III)(a) is amended by 
        striking ``corporations'' and inserting ``corporation's''.
            (166) Section 954(b)(5) is amended by striking ``income,,'' 
        and inserting ``income,''.
            (167) Section 954(b)(6) is amended by striking the comma 
        after ``paragraph (2)''.
            (168) Section 956(c)(2)(E) is amended by striking ``section 
        953(a)(1)'' and inserting ``section 953(e)(2)''.
            (169) Section 956(e) is amended by striking ``provisons'' 
        and inserting ``provisions''.
            (170) Section 957(b) is amended by striking ``section 
        953(a)(1)'' and inserting ``section 953(e)(2)''.
            (171) Section 960(b)(3) is amended by striking 
        ``Reconcilation'' and inserting ``Reconciliation''.
            (172) The heading of section 993 is amended by inserting 
        ``and special rules'' after ``definitions''.
            (173) Section 1016(a)(3)(D) is amended by inserting ``as in 
        effect prior to its repeal by the Tax Reform Act of 1986'' 
        before ``(or the corresponding provisions of prior income tax 
        laws)''.
            (174) Section 1033(h)(2) is amended by inserting ``is'' 
        before ``located''.
            (175) Section 1035(a)(1) is amended by striking ``; or'' 
        and inserting a semicolon.
            (176) Section 1059(d)(3) is amended by striking ``; except 
        that'' and all that follows and inserting ``and there shall not 
        be taken into account any day which is more than 2 years after 
        the date on which such share becomes ex-dividend.''.
            (177) Section 1092(a)(2)(B) is amended by striking ``with 
        respect other'' in the last sentence and inserting ``with 
        respect to other''.
            (178) Section 1092(c)(4)(E) is amended by striking ``(other 
        than subparagraph (B) thereof)''.
            (179) The item relating to section 1222 in the table of 
        sections for part III of subchapter P of chapter 1 is amended 
        to read as follows:

``Sec. 1222. Other terms relating to capital gains and losses.''.
            (180) The item relating to section 1252 in the table of 
        sections for part IV of subchapter P of chapter 1 is amended to 
        read as follows:

``Sec. 1252. Gain from disposition of farm land.''.
            (181) Section 1250(d)(3) is amended by striking ``paragraph 
        (9)'' and inserting ``paragraph (6)''.
            (182) Section 1255(b)(2) is amended by striking ``170(e),'' 
        and inserting ``170(e)''.
            (183)(A) Subparagraphs (B) and (C) of section 1256(e)(3) 
        are each amended by striking ``section 464(e)(2)'' and 
        inserting ``section 461(k)(4)''.
            (B) Section 1258(d)(5)(C) is amended by striking ``section 
        464(e)(2)'' and inserting ``section 461(k)(4)''.
            (184) Section 1257(c)(1) is amended--
                    (A) by striking ``section 1201(4)'' and inserting 
                ``section 1201(a)(7)'', and
                    (B) by striking ``16 U.S.C. 3801(4)'' and inserting 
                ``16 U.S.C. 3801(7)''.
            (185) Section 1257(c)(2) is amended--
                    (A) by striking ``section 1201(6)'' and inserting 
                ``section 1201(a)(10)'', and
                    (B) by striking ``16 U.S.C. 3801(6)'' and inserting 
                ``16 U.S.C. 3801(10)''.
            (186) Section 1274(b)(3)(B)(i) is amended by striking 
        ``section 6662(d)(2)(C)(iii)'' and inserting ``section 
        6662(d)(2)(C)(ii)''.
            (187) Section 1276(a)(4) is amended by striking 
        ``871(a),,'' and inserting ``871(a),''.
            (188) Section 1278(b)(1) is amended by striking 
        ``871(a),,'' and inserting ``871(a),''.
            (189) Section 1286(f) is amended by striking ``and 
        305(e),'' and inserting ``and section 305(e),''.
            (190) Section 1291(e) is amended by striking ``subsections 
        (c) and (d) (e),'' and inserting ``subsections (c), (d), and 
        (e)''.
            (191) Section 1298(b)(5)(B) is amended by striking 
        ``section 951(f)'' and inserting ``section 951(c)''.
            (192) Section 1298(d)(2)(A) is amended by striking 
        ``section 1296(a)(2)'' and inserting ``section 1297(a)(2)''.
            (193) Section 1298(e)(2)(B)(ii) is amended by striking 
        ``provisons'' and inserting ``provisions''.
            (194) Section 1355(f)(3) is amended by striking ``of 
        which'' and inserting ``on which''.
            (195) Section 1358(b)(1) is amended by striking ``section 
        1352(a)(2)'' and inserting ``section 1352(2)''.
            (196) Section 1358(c)(2) is amended by striking ``an 
        person's'' and inserting ``a person's''.
            (197) Sections 1361(f)(2), 1362(d)(3)(C)(v), and 
        4975(d)(16)(A) are each amended by striking ``1813(w)(1)),'' 
        and inserting ``1813(w)(1))),''.
            (198) Section 1362(f) is amended by striking ``may be 
        during'' and inserting ``may be, during''.
            (199) Section 1366(e) is amended by striking ``section 
        704(e)(3)'' and inserting ``section 704(e)(2)''.
            (200) Section 1368(f)(2) is amended by striking ``in 
        included'' and inserting ``is included''.
            (201) Section 1391(g)(3)(E)(ii) is amended by striking 
        ``Interior'' and inserting ``the Interior''.
            (202) Section 1394(b)(3)(B)(i)(II) is amended by striking 
        ``subsection'' and inserting ``subsections''.
            (203) Section 1397C(d)(5)(B) is amended by striking 
        ``subparagraphs (A) or (B)'' and inserting ``subparagraph (A) 
        or (B)''.
            (204) Section 1402(a)(1) is amended--
                    (A) by striking ``section 1233(2)'' and inserting 
                ``section 1233(a)(2)'', and
                    (B) by striking ``16 U.S.C. 3833(2)'' and inserting 
                ``16 U.S.C. 3833(a)(2)''.
            (205) Section 1402(b) is amended by striking ``3211,.'' and 
        inserting ``3211.''.
            (206) The heading of section 1446 is amended by striking 
        ``withholding tax'' in the heading and inserting ``withholding 
        of tax''.
            (207) Section 2031(c)(1) is amended by striking all that 
        follows subparagraph (A) and inserting the following:
                    ``(B) $500,000.''.
            (208) Section 2031(c)(2) is amended by striking ``paragraph 
        (5)).'' and inserting ``paragraph (5))).''.
            (209) Section 2055(e)(3)(G) is amended by striking 
        ``subparagraph (J)'' and inserting ``subparagraph (J))''.
            (210) Section 2106(a)(4) is amended by inserting 
        ``section'' before ``2058(a)''.
            (211) Section 2522(c)(1) is amended by striking ``to of 
        for'' and inserting ``to or for''.
            (212) Section 2523(g)(1) is amended by striking 
        ``noncharitable beneficiary'' and inserting ``beneficiary who 
        is not a charitable beneficiary''.
            (213) Section 2523(g)(2) is amended by striking 
        ``noncharitable'' and inserting ``charitable''.
            (214) Section 3101(a) is amended by adding a period at the 
        end.
            (215) Section 3111(e)(5)(B) is amended by inserting ``the'' 
        before ``meaning''.
            (216) Section 3121(b)(5)(B)(i)(V) is amended by striking 
        ``section 105(e)(2)'' and inserting ``section 104(e)(2)''.
            (217) Section 3121(b)(5)(H)(i) is amended by striking 
        ``1997'' and inserting ``1997,''.
            (218) Section 3304(a)(4)(G)(ii) is amended by striking 
        ``section 6402(f)(4)(B)'' and inserting ``section 
        6402(f)(4)(C)''.
            (219) Section 3306(b)(5)(F) is amended by striking the 
        semicolon at the end and inserting a comma.
            (220) Section 3306(c)(19) is amended by striking 
        ``Service'' and inserting ``service''.
            (221) Section 3306(u) is amended by striking ``25 U.S.C. 
        450b(e)'' and inserting ``25 U.S.C. 5304(e)''.
            (222) Section 3306(v) is amended by striking ``this part'' 
        and inserting ``this section''.
            (223) Section 3309(d) is amended by striking ``25 U.S.C. 
        450b(e)'' and inserting ``25 U.S.C. 5304(e)''.
            (224)(A) Paragraphs (1), (2), (3), (4)(B), (5), (6), 
        (8)(A)(ii), (8)(B), (8)(D), (9), (10)(B), (11), (12)(A), 
        (12)(B), (12)(C), (13), (14), and (15) of section 3401(a) are 
        each amended by striking ``; or'' at the end and inserting a 
        comma.
            (B) Paragraphs (4)(A), (8)(A)(i), (8)(C), (10)(A), (12)(D), 
        and (22) of section 3401(a) are each amended by striking ``; 
        or'' at the end and inserting ``, or''.
            (C) Section 3401(a)(12)(E) is amended by striking ``, or'' 
        at the end and inserting a comma.
            (D) Paragraphs (16)(A), (16)(B), (17), (18), (19), (20), 
        and (21) of section 3401(a) are each amended by striking the 
        semicolon at the end and inserting a comma.
            (225) Section 3509(d)(1)(C) is amended by striking 
        ``sections'' and inserting ``section''.
            (226) Section 4051(a)(3) is amended by striking 
        ``Secretary.'' and inserting ``Secretary).''.
            (227) Section 4104(a)(1) is amended by striking ``section'' 
        and inserting ``sections''.
            (228) Section 4221(a) is amended by striking ``section 
        4051,'' and inserting ``section 4051''.
            (229) The item relating to part III in the table of parts 
        for subchapter C of chapter 33 is amended by striking 
        ``relating'' and inserting ``applicable''.
            (230) Section 4612(e)(2)(B)(ii)(I) is amended by striking 
        ``tranferred'' and inserting ``transferred''.
            (231) Section 4958(f)(1)(D) is amended by striking the 
        period at the end and inserting a comma.
            (232) Section 4971(c)(3) is amended by striking 
        ``applicable and'' and inserting ``applicable, and''.
            (233) Section 4971(f) is amended by striking ``applicable 
        for'' and inserting ``applicable, for''.
            (234) Section 4971(g)(4)(C)(ii) is amended by striking 
        ``section 432(i)(9)'' and inserting ``section 432(j)(9)''.
            (235) Section 4975(d)(3) is amended by striking ``an 
        leveraged'' and inserting ``a leveraged''.
            (236) Section 4975(d)(17) is amended by striking ``Any'' 
        and inserting ``any''.
            (237) Section 4975(d)(21) is amended by striking ``person 
        person'' and inserting ``person''.
            (238) Section 4975(f)(8)(C)(iv)(II) is amended by inserting 
        ``subsection'' before ``(d)(17)(A)(ii)''.
            (239) Section 4975(f)(8)(F)(i)(I) is amended by striking 
        ``adviser,'' and inserting ``adviser''.
            (240) Section 4975(f)(8)(F)(i)(V) is amended by inserting 
        ``of'' before ``the manner''.
            (241) Section 4980B(f)(1) is amended by striking ``section 
        2162 of the Public Health Service Act'' and inserting ``section 
        1928(h)(6) of the Social Security Act (42 U.S.C. 
        1396s(h)(6))''.
            (242) Section 4980B(f)(5)(C)(iii) is amended by striking 
        ``section 2701(c)(2)'' and inserting ``section 2704(c)(2)''.
            (243) Section 4980I(b)(3)(C)(iv) is amended by striking the 
        comma at the end and inserting a period.
            (244) Section 4980I(b)(3)(C)(v) is amended by striking 
        ``for for'' and inserting ``for''.
            (245) Section 5054(a)(3)(B) is amended by striking 
        ``sections'' and inserting ``section''.
            (246) Section 5066(d) is amended by striking ``section 
        5001(a)(5)'' and inserting ``section 5001(a)(4)''.
            (247) The item relating to subpart C in the table of 
        subparts for part II of subchapter A of chapter 51 is amended 
        to read as follows:

       ``subpart c. recordkeeping and registration by dealers''.

            (248) The item relating to section 5178 in the table of 
        sections for subchapter B of chapter 51 is amended to read as 
        follows:

``Sec. 5178. Premises of distilled spirits plants.''.
            (249) Section 5182 is amended by striking ``section 5112'' 
        and inserting ``section 5121''.
            (250) Section 5273(e)(2) is amended by striking ``section 
        5001(a)(6)'' and inserting ``section 5001(a)(5)''.
            (251) Section 5314(a)(2) is amended by striking ``section 
        5001(a)(10)'' and inserting ``section 5001(a)(9)''.
            (252) Section 5392(f) is amended by striking ``section 
        17(a)(5)'' and inserting ``section 117(a)(5)''.
            (253) Section 5512 is amended by striking ``section 
        5001(a)(7)'' and inserting ``section 5001(a)(6)''.
            (254) Section 5601(a)(15) is amended by striking 
        ``Withdraws,'' and inserting ``withdraws,''.
            (255) The heading of section 5603 is amended by inserting a 
        comma after ``returns''.
            (256) Section 5701(e) is amended by striking 
        ``manufacturered'' and inserting ``manufactured''.
            (257) The item relating to section 5847 in the table of 
        sections for part I of subchapter B of chapter 53 is amended to 
        read as follows:

``Sec. 5847. Effect on other laws.''.
            (258) Section 5847 is amended by striking ``section 414 of 
        the Mutual Security Act of 1954'' and inserting ``section 38 of 
        the Arms Export Control Act (22 U.S.C. 2778)''.
            (259) The item relating to section 5852 in the table of 
        sections for part II of subchapter B of chapter 53 is amended 
        to read as follows:

``Sec. 5852. General transfer and making tax exemption.''.
            (260) The item relating to section 5853 in the table of 
        sections for part II of subchapter B of chapter 53 is amended 
        to read as follows:

``Sec. 5853. Transfer and making tax exemption available to certain 
                            governmental entities.''.
            (261) Section 6012(a)(6) is amended by striking ``and'' at 
        the end.
            (262) Section 6012(a)(7) is amended by striking the period 
        at the end and inserting ``; and''.
            (263) Section 6012(a)(8) is amended by striking ``section 
        63(c)(2)(D).'' and inserting ``section 63(c)(2)(C);''.
            (264) Section 6033(b)(15) is amended by striking the period 
        at the end and inserting ``, and''.
            (265) Section 6039(d)(2) is amended to read as follows:
            ``(2) the term `employee stock purchase plan', see section 
        423(b).''.
            (266) The table of sections for subpart B of part III of 
        subchapter A of chapter 61 is amended by inserting after the 
        item relating to section 6041 the following new item:

``Sec. 6041A. Returns regarding payments of remuneration for services 
                            and direct sales.''.
            (267) The item relating to section 6050I in the table of 
        sections for subpart B of part III of subchapter A of chapter 
        61 is amended to read as follows:

``Sec. 6050I. Returns relating to cash received in trade or business, 
                            etc.''.
            (268) The item relating to section 6050W in the table of 
        sections for subpart B of part III of subchapter A of chapter 
        61 is amended to read as follows:

``Sec. 6050W. Returns relating to payments made in settlement of 
                            payment card and third party network 
                            transactions.''.
            (269) Section 6050H(h)(3)(B)(i) is amended by striking 
        ``Rural Housing Administration'' and inserting ``Rural Housing 
        Service''.
            (270) Section 6058(e) is amended by striking paragraph (1) 
        and by redesignating paragraphs (2) and (3) as paragraphs (1) 
        and (2), respectively.
            (271) Section 6059(b)(3)(B) is amended--
                    (A) by striking ``the requirements'' and inserting 
                ``that the requirements'', and
                    (B) by striking the period at the end and inserting 
                a comma.
            (272) Section 6091(b)(2)(B)(ii) is amended by striking 
        ``and'' at the end.
            (273) Section 6103(l)(7) is amended by striking ``of 1977'' 
        in the heading thereof.
            (274) Section 6103(l)(10)(A) is amended by striking 
        ``request made under subsection (f)(5)'' and inserting ``notice 
        submitted under subsection (f)(5)(C)''.
            (275) Section 6103(l)(10) is amended by striking so much of 
        subparagraph (B) as precedes ``Any'' and inserting the 
        following:
                    ``(B) Restriction on use of disclosed 
                information.--(i)''.
            (276) Section 6103(l)(16)(A) is amended by striking 
        ``subsection 6103(b)(6)'' and inserting ``section 6103(b)(6)''.
            (277) Section 6103(p)(3)(A) is amended by striking 
        ``subsections'' and inserting ``subsection''.
            (278) Section 6103(p)(3)(C)(ii) is amended by striking the 
        comma at the end and inserting a period.
            (279) Section 6103(p)(4) is amended by striking 
        ``7(a)(ii)'' in the flush matter before subparagraph (A) and 
        inserting ``(7)(A)(ii)''.
            (280) Section 6103(p)(4)(F)(ii) is amended--
                    (A) by striking ``subsections'' and inserting 
                ``subsection'', and
                    (B) by striking ``subsection (l)(21),,,'' and 
                inserting ``subsection (l)(21),''.
            (281) Section 6103(p)(4) is amended by striking 
        ``subsection (l)(21),,'' both places it appears in the flush 
        matter at the end and inserting ``subsection (l)(21),''.
            (282) Section 6109(f) is amended by striking ``of 1977'' in 
        the heading thereof.
            (283) Section 6213(g)(2)(O) is amended by adding a comma at 
        the end.
            (284) Section 6213(g)(2)(P) is amended--
                    (A) by striking ``section 24(h)(2)'' and inserting 
                ``section 24(g)(2)'', and
                    (B) by striking ``subsection (h)(1)'' and inserting 
                ``subsection (g)(1)''.
            (285) Section 6302(e)(2)(A) is amended by striking 
        ``sections'' and inserting ``section''.
            (286) Section 6311(d)(3)(D) is amended--
                    (A) by striking ``section 103(f)'' and inserting 
                ``section 103(g)'', and
                    (B) by striking ``1602(f)'' and inserting 
                ``1602(g)''.
            (287) Section 6330(d)(2) is amended by striking ``, and'' 
        at the end and inserting a period.
            (288) Section 6334(a)(10)(A) is amended by striking ``V,,'' 
        and inserting ``V,''.
            (289) Section 6342(a) is amended by striking ``subsection 
        (c)(2)'' and inserting ``subsection (d)(2)''.
            (290) Section 6402(a) is amended by striking ``(f) refund'' 
        and inserting ``(f), refund''.
            (291) Section 6402(c) is amended by striking ``of of'' and 
        inserting ``of''.
            (292) Section 6402(d)(2) is amended by striking ``section 
        402(a)(26) of the Social Security Act'' and inserting ``section 
        408(a)(3) of the Social Security Act (42 U.S.C. 608(a)(3))''.
            (293) Section 6404(g)(2)(E) is amended by striking 
        ``section 6664(d)(2)(A)'' and inserting ``section 
        6664(d)(3)(A)''.
            (294) Section 6420(i)(4) is amended by striking ``State 
        and'' and inserting ``State (and''.
            (295) Section 6421(c) is amended by striking ``(4) (5)'' 
        and inserting ``(4), (5)''.
            (296) Section 6421(j)(3) is amended by striking ``State 
        and'' and inserting ``State (and''.
            (297) Section 6422 is amended--
                    (A) by striking paragraph (7),
                    (B) by redesignating paragraphs (8) through (12) as 
                paragraphs (7) through (11), respectively, and
                    (C) by striking ``for credit'' in paragraph (10) as 
                so redesignated and inserting ``For credit''.
            (298) Section 6425(c)(1)(A) is amended by striking ``The 
        sum'' and inserting ``the sum''.
            (299) Section 6426(b)(2)(A)(ii) is amended by striking 
        ``cents..'' and inserting ``cents.''.
            (300) Section 6501(m) is amended by striking ``any 
        election'' and all that follows through ``(or any'' and 
        inserting the following: ``any election under section 
        30B(h)(9), 30C(e)(4), 30D(e)(4), 35(g)(11), 40(f), 43, 45B, 
        45C(d)(4), 45H(g), or 51(j) (or any''.
            (301) Section 6503(a)(1) is amended by striking ``section 
        6230(a)).'' and inserting ``section 6230(a))''.
            (302) Section 6612(c) is amended--
                    (A) by inserting ``sections'' before ``2014(e)'', 
                and
                    (B) by striking ``and 6420'' and inserting 
                ``6420''.
            (303) The item relating to section 6651 in the table of 
        sections for part I of subchapter A of chapter 68 is amended to 
        read as follows:

``Sec. 6651. Failure to file tax return or to pay tax.''.
            (304) Each of the following sections are amended by 
        inserting ``an amount equal to'' after ``increased by'' and by 
        inserting ``for the calendar year'' after ``section 1(f)(3)'':
                    (A) Section 6651(i).
                    (B) Section 6652(c)(7)(A).
                    (C) Section 6695(h)(1).
                    (D) Section 6698(e)(1).
                    (E) Section 6699(e)(1).
                    (F) Section 6721(f)(1).
                    (G) Section 6722(f)(1).
            (305) Section 6654(a) is amended by striking ``chapter 1 
        the tax'' and inserting ``chapter 1, the tax''.
            (306) Section 6654(f)(3) is amended by striking ``taxes'' 
        and inserting ``tax''.
            (307) Section 6662(d)(3) is amended by striking ``section 
        6664(d)(2)'' and inserting ``section 6664(d)(3)''.
            (308) Section 6662 is amended by moving subsection (i) 
        before subsection (j).
            (309) The heading of section 6676(c) is amended by striking 
        ``Reasonable Basis'' and inserting ``Reasonable Cause''.
            (310) The item relating to section 6684 in the table of 
        sections for part I of subchapter B of chapter 68 is amended to 
        read as follows:

``Sec. 6684. Assessable penalties with respect to liability for tax 
                            under chapter 42.''.
            (311) The item relating to section 6686 in the table of 
        sections for part I of subchapter B of chapter 68 is amended to 
        read as follows:

``Sec. 6686. Failure to file returns or supply information by DISC or 
                            former FSC.''.
            (312) Section 6679(a)(1) is amended by striking ``section 
        6046 and 6046A'' and inserting ``section 6046 or 6046A''.
            (313) Section 6695(h)(2) is amended by striking 
        ``subparagraph (A)'' and inserting ``paragraph (1)''.
            (314) Section 6695(h)(2)(B) is amended by striking ``clause 
        (i)'' and inserting ``subparagraph (A)''.
            (315) Section 6696(a) is amended by striking ``section 
        6694,'' and inserting ``sections 6694,''.
            (316) Section 6696(d)(1) is amended by striking ``section 
        6695,'' and inserting ``6695,''.
            (317) Section 6698(b)(2) is amended by adding a period at 
        the end.
            (318) Section 6700(a) is amended by striking ``the $1,000'' 
        and inserting ``$1,000''.
            (319) Section 6724(d)(1)(B)(xx) is amended by striking 
        ``or'' at the end.
            (320) Section 6724(d)(1)(B)(xxi) is amended by striking 
        ``and'' at the end.
            (321) Section 6724(d)(1) is amended by striking ``Such term 
        also includes'' and inserting the following:
``Such term also includes''.
            (322) Section 6724(d)(2)(F) is amended by striking the 
        period at the end and inserting a comma.
            (323) Section 6724(d)(2)(M) is amended by striking ``(h)(2) 
        relating'' and inserting ``(h)(2) (relating''.
            (324) Section 6724(d)(2)(DD) is amended by adding a comma 
        at the end.
            (325) Section 6863(a) is amended by striking ``6852,,'' and 
        inserting ``6852,''.
            (326) Section 6901(a)(1)(B) is amended by striking ``Code 
        in'' and inserting ``Code, in''.
            (327) Section 7275(b)(2) is amended by striking ``taxes, 
        shall'' and inserting ``taxes,''.
            (328) Section 7421(b)(2) is amended by striking ``Code in'' 
        and inserting ``Code, in''.
            (329)(A) Subsections (e) and (i) of section 7422 and 
        sections 3121(b)(5)(E), 6110(j)(1)(B), 7428(a), and 7430(c)(6) 
        are each amended by striking ``United States Claims Court'' and 
        inserting ``United States Court of Federal Claims''.
            (B) Subsections (a), (b), and (c)(1)(C)(iii) of section 
        7428 are each amended by striking ``Claims Court'' and 
        inserting ``Court of Federal Claims''.
            (C) The heading of section 4961(c)(1) is amended by 
        striking ``united states claims court'' and inserting ``united 
        states court of federal claims''.
            (D) Section 6672(c)(2) is amended by striking ``Court of 
        Claims'' and inserting ``Court of Federal Claims''.
            (330) The item relating to section 7448 in the table of 
        sections for part I of subchapter C of chapter 76 is amended to 
        read as follows:

``Sec. 7448. Annuities to surviving spouses and dependent children of 
                            judges and special trial judges.''.
            (331) Section 7448(j)(1)(A) is amended by striking 
        ``Code,),'' and inserting ``Code),''.
            (332) Section 7448(m) is amended by striking ``Code,'' and 
        inserting ``Code),''.
            (333) Section 7454(b) is amended by striking ``4955),,'' 
        and inserting ``4955),''.
            (334) Section 7654(d)(1) is amended by striking ``50 App. 
        U.S.C. 501 et seq.'' and inserting ``50 U.S.C. 3901 et seq.''.
            (335) Section 7701(a)(36)(B) is amended by striking ``an 
        `tax'' and inserting ``a `tax''.
            (336) Section 7701(e)(5)(B) is amended by striking 
        ``Reconcilation'' and inserting ``Reconciliation''.
            (337) Section 7801(a)(2)(B) is amended--
                    (A) by striking ``this Act'' and inserting ``the 
                Homeland Security Act of 2002'', and
                    (B) by striking ``effective date of the Homeland 
                Security Act of 2002'' and inserting ``effective date 
                of such Act''.
            (338) Section 7809(c)(1) is amended by striking ``Work'' 
        and inserting ``work''.
            (339) Section 7851(a)(1)(A) is amended by striking ``, 4''.
            (340) Section 7851(a)(1)(B) is amended by striking 
        ``Chapters 3 and 5'' and inserting ``Chapter 3''.
            (341) Section 7871(c)(3)(D)(ii)(II) is amended by striking 
        ``calender'' and inserting ``calendar''.
            (342) Section 9003(b)(2) is amended by striking ``section 
        9006(d)'' and inserting ``section 9006(c)''.
            (343) Section 9011(b)(1) is amended by striking ``contrue'' 
        and inserting ``construe''.
            (344) Section 9502(d)(2) is amended by striking ``farms,'' 
        and inserting ``farms),''.
            (345) Section 9503(c)(5) is amended by striking ``and 
        before October 1, 2011,''.
            (346) Section 9508(c)(1) is amended by striking ``the 
        Public'' and inserting ``Public''.
            (347) Section 9701(a)(4) is amended by striking ``section 
        9713A'' and inserting ``section 9712''.
            (348) Section 9704(d)(2)(B) is amended by striking 
        ``1232)),'' and inserting ``1232),''.
            (349) Section 9704(h) is amended by striking ``Secretary'' 
        and inserting ``Commissioner''.
            (350) Section 9705(b)(1) is amended by striking ``1232(h)'' 
        and inserting ``1232''.
            (351) Section 9705(b)(2) is amended by striking ``Acts'' 
        and inserting ``Act''.
            (352) Section 9711(c)(4)(B) is amended by striking 
        ``paragraph (4)(C)'' and inserting ``paragraph (3)(C)''.
            (353) Section 9712(a)(4)(A) is amended by inserting 
        ``section 402 of'' after ``subsections (h) and (i) of''.
            (354) Section 9812(a)(3)(B)(i) is amended by striking the 
        comma at the end and inserting a period.
            (355) Section 302 of division P of the Consolidated 
        Appropriations Act, 2016 is amended--
                    (A) in subsection (a), by inserting ``of the 
                Internal Revenue Code of 1986'' after ``section 
                48(a)(5)(C)'', and
                    (B) in subsection (b), by inserting ``of such 
                Code'' after ``section 48(a)''.
            (356) Section 32103(a) of the Fixing America's Surface 
        Transportation Act is amended by striking ``section 52106'' and 
        inserting ``section 32102''.
    (b) General Deadwood-Related Provisions.--
            (1) Section 25A(c)(1) is amended by striking ``($5,000 in 
        the case of taxable years beginning before January 1, 2003)''.
            (2) Section 26(b)(2) is amended by striking subparagraph 
        (P).
            (3) Section 32(l) is amended by striking ``, and any 
        payment made to such individual (or such spouse) by an employer 
        under section 3507,''.
            (4)(A) Section 38(c)(5) is amended--
                    (i) by striking all that precedes subparagraph (C) 
                thereof and inserting the following:
            ``(5) Rules related to eligible small businesses.--'',
                    (ii) by redesignating subparagraphs (C) and (D) as 
                subparagraphs (A) and (B), respectively, and
                    (iii) by amending subparagraph (B) (as so 
                redesignated) to read as follows:
                    ``(B) Treatment of partners and s corporation 
                shareholders.--For purposes of paragraph (4)(B)(ii), 
                any credit determined under section 41 with respect to 
                a partnership or S corporation shall not be treated as 
                a specified credit by any partner or shareholder unless 
                such partner or shareholder meets the gross receipts 
                test under subparagraph (A) for the taxable year in 
                which such credit is treated as a current year business 
                credit.''.
            (B) Section 38(c)(2)(A)(ii)(II) is amended by striking 
        ``the eligible small business credits,''.
            (C) Section 38(c)(4)(A)(ii)(II) is amended by striking 
        ``the eligible small business credits and''.
            (D) Section 38(c)(4)(B)(ii) is amended by striking ``(as 
        defined in paragraph (5)(C), after application of rules similar 
        to the rules of paragraph (5)(D))'' and inserting ``(as defined 
        in paragraph (5)(A) after application of the rules of paragraph 
        (5)(B))''.
            (5) Section 56(d)(1)(A)(ii)(I) is amended by inserting 
        ``(as in effect before its repeal by the Tax Increase 
        Prevention Act of 2014)'' after ``section 172(b)(1)(H)''.
            (6)(A) Section 139(c)(2) is amended by striking ``section 
        165(h)(3)(C)(i)'' and inserting ``section 165(i)(5)(A)''.
            (B) Section 7508A(a) is amended by striking ``section 
        165(h)(3)(C)(i)'' and inserting ``section 165(i)(5)(A)''.
            (7) Section 140(a) is amended by striking paragraph (2) and 
        by redesignating paragraphs (3) through (6) as paragraphs (2) 
        through (5), respectively.
            (8) Section 163(d)(4) is amended by striking subparagraph 
        (E).
            (9) Section 168 is amended by striking subsection (n).
            (10) Section 172(b)(1)(D)(iv) is amended by striking 
        ``subsection (h)'' and inserting ``subsection (g)''.
            (11) Section 246A(b)(1) is amended by striking ``without 
        regard to section 243(d)(4)''.
            (12) Section 409 is amended by striking subsection (m).
            (13) Section 411(a)(3)(F)(i) is amended by striking ``under 
        section 418D or''.
            (14) Section 413(b)(6) is amended by striking ``and the 
        last sentence of section 4971(a)'' in the last sentence.
            (15) Section 415(g) is amended by striking ``subsection 
        (f)(3)'' and inserting ``subsection (f)(2)''.
            (16)(A) Section 419(e)(3)(A) is amended by striking ``(17), 
        or (20)'' and inserting ``or (17)''.
            (B) Section 419A(g)(1) is amended by striking ``(17), or 
        (20)'' and inserting ``or (17)''.
            (C) Section 419A(g)(2) is amended by striking ``(17), or 
        (20)'' and inserting ``or (17)''.
            (D) Section 505 is amended--
                    (i) in the heading thereof, by striking ``paragraph 
                (9), (17), or (20)'' and inserting ``paragraph (9) or 
                (17)'',
                    (ii) in the heading of subsection (a), by striking 
                ``Paragraph (9) or (20) of Section 501(c)'' and 
                inserting ``Section 501(c)(9)'',
                    (iii) in subsection (a)(1), by striking ``paragraph 
                (9) or (20) of subsection (c) of section 501'' and 
                inserting ``section 501(c)(9)'', and
                    (iv) in subsection (c)(1), by striking ``paragraph 
                (9), (17), or (20)'' and inserting ``paragraph (9) or 
                (17)''.
            (E) Subparagraphs (A), (C), and (D) of section 512(a)(3) 
        are each amended in the text thereof by striking ``(17), or 
        (20)'' and inserting ``or (17)''.
            (F) Subparagraphs (B)(ii) and (E) of section 512(a)(3) are 
        each amended in the text thereof by striking ``, (17), or 
        (20)'' and inserting ``or (17)''.
            (G) The heading of section 512(a)(3) is amended by striking 
        ``(17), or (20)'' and inserting ``or (17)''.
            (H) The heading of section 512(a)(3)(E) is amended by 
        striking ``, (17), or (20)'' and inserting ``or (17)''.
            (I) The item relating to section 505 in the table of 
        sections for part I of subchapter F of chapter 1 is amended to 
        read as follows:

``Sec. 505. Additional requirements for organizations described in 
                            paragraph (9) or (17) of section 501(c).''.
            (17) Section 501(p)(4) is amended by striking ``, 
        556(b)(2)''.
            (18) Section 530(b)(3) is amended--
                    (A) by striking ``(as defined in section 
                170(e)(6)(F)(i))'' in subparagraph (A)(iii), and
                    (B) by adding at the end the following new 
                subparagraph:
                    ``(C) Computer technology or equipment.--The term 
                `computer technology or equipment' means computer 
                software (as defined by section 197(e)(3)(B)), computer 
                or peripheral equipment (as defined by section 
                168(i)(2)(B)), and fiber optic cable related to 
                computer use.''.
            (19) Section 593(b)(2)(D)(iv) is amended by striking 
        ``(determined without regard to section 596)''.
            (20) Section 597(c)(1) is amended by striking ``or section 
        21A of the Federal Home Loan Bank Act''.
            (21) Section 664(g)(3)(E) is amended by striking 
        ``limitations under sections 415(c) and (e)'' and inserting 
        ``limitation under section 415(c)''.
            (22) Section 810(b) is amended by striking paragraph (4).
            (23) Section 856(m) is amended by striking paragraph (6).
            (24) Section 871(a)(3) is amended by striking the last 
        sentence thereof.
            (25) Section 992(d) is amended by striking paragraph (6) 
        and by redesignating paragraph (7) as paragraph (6).
            (26) Section 1245(a)(3)(C) is amended by striking ``, 
        185''.
            (27)(A) Section 1252(a)(1) is amended by striking ``during 
        a taxable year beginning''.
            (B) Section 1252(a)(1)(A) is amended--
                    (i) by striking ``sections'' and inserting 
                ``section'', and
                    (ii) by striking ``and 182'' and all that follows 
                through ``for expenditures'' and inserting ``for 
                expenditures''.
            (C) Section 1252(a)(2) is amended--
                    (i) by striking ``sections'' and inserting 
                ``section'', and
                    (ii) by striking ``or 182'' and all that follows 
                and inserting a period.
            (28) Section 3111 is amended by striking subsection (d).
            (29) Section 3127(b)(3) is amended by striking ``or 
        222(b)''.
            (30) Section 3221 is amended by striking subsection (c) and 
        by redesignating subsection (d) as subsection (c).
            (31) Section 4481(d) is amended to read as follows:
    ``(d) One Tax Liability Per Period.--To the extent that the tax 
imposed by this section is paid with respect to any highway motor 
vehicle for any taxable period, no further tax shall be imposed by this 
section for such taxable period with respect to such vehicle.''.
            (32) Section 4971(d) is amended by striking the last 
        sentence.
            (33) Section 6050G(a)(2) is amended by striking ``(to the 
        extent not previously taken into account under section 
        72(d)(1))''.
            (34) Section 6215(b) is amended by striking paragraph (5) 
        and by redesignating paragraphs (6) and (7) as paragraphs (5) 
        and (6), respectively.
            (35) Section 6601(b) is amended by striking paragraph (2) 
        and by redesignating paragraphs (3) through (5) as paragraphs 
        (2) through (4), respectively.
            (36) Section 6654(d)(1)(C)(i) is amended by striking ``by 
        substituting'' and all that follows and inserting ``by 
        substituting `110 percent' for `100 percent'.''.
            (37) Section 6654(d)(1) is amended by striking subparagraph 
        (D).
            (38) Part II of subchapter C of chapter 75 is amended by 
        striking section 7326 (and by striking the item relating to 
        such section in the table of sections for such part).
            (39) Section 7448(a)(5) is amended by striking ``, whether 
        or not performing judicial duties under section 7443B''.
            (40) Section 7448(a)(6) is amended by striking ``, and 
        compensation received under section 7443B''.
            (41) Section 7448(d) is amended by striking ``at 4 percent 
        per annum to December 31, 1947, and 3 percent per annum 
        thereafter'' and inserting ``at 3 percent per annum''.
            (42) Section 7701(a)(19)(A) is amended by striking ``either 
        (i)'' and all that follows through ``(ii)''.
            (43) Section 7701(a)(32)(A) is amended to read as follows:
                    ``(A) is subject by law to supervision and 
                examination by State or Federal authority having 
                supervision over such institutions, and''.
    (c) Repeal of Certain Obsolete Bond Provisions.--
            (1) Certain rules with respect to bonds issued before july 
        2, 1982.--
                    (A) Section 1271 is amended--
                            (i) by striking subsection (c) and by 
                        redesignating subsection (d) as subsection (c), 
                        and
                            (ii) by striking ``(and paragraph (2) of 
                        subsection (c))'' in subsection (a)(2)(B).
                    (B) Section 1272 is amended by striking subsection 
                (b) and by redesignating subsections (c) and (d) as 
                subsections (b) and (c), respectively.
                    (C) Section 163(e)(1) is amended by striking ``In 
                the case of any debt instrument issued after July 1, 
                1982, the portion of the original issue discount with 
                respect to such debt instrument which is'' and 
                inserting ``The portion of the original issue discount 
                with respect to any debt instrument which is''.
                    (D) Section 163(j)(2)(C)(ii) is amended by striking 
                ``or (b)(4)''.
                    (E) Section 1271(a)(2)(A)(ii) is amended by 
                striking ``subsection (a)(7) or (b)(4) of section 
                1272'' and inserting ``section 1272(a)(7)''.
                    (F) Section 1271(b)(1) is amended to read as 
                follows:
            ``(1) In general.--This section shall not apply to any 
        obligation issued by a natural person before June 9, 1997.''.
                    (G) Section 1272(a) is amended--
                            (i) by striking ``on Debt Instruments 
                        Issued After July 1, 1982,'' in the heading, 
                        and
                            (ii) by striking ``issued after July 1, 
                        1982'' in paragraph (1).
                    (H) Section 1278(a)(4)(B) is amended by striking 
                ``or (b)(4)''.
                    (I) The amendments made by this paragraph shall 
                apply to debt instruments issued on or after July 2, 
                1982.
            (2) Certain rules with respect to stripped bonds purchased 
        before july 2, 1982.--
                    (A) Section 1286 is amended by striking subsection 
                (c).
                    (B) Subsections (a) and (b) of section 1286 are 
                each amended by striking ``after July 1, 1982,''.
                    (C) Section 1286(e)(5) is amended by striking the 
                last sentence.
                    (D) The amendments made by this paragraph shall 
                apply to bonds purchased on or after July 2, 1982.
            (3) Certain rules with respect to obligations issued before 
        march 2, 1984.--
                    (A) Section 1272(a)(2) is amended by striking 
                subparagraph (D) and by redesignating subparagraph (E) 
                as subparagraph (D).
                    (B) Section 163(e)(4) is amended to read as 
                follows:
            ``(4) Exception.--This subsection shall not apply to any 
        debt instrument described in section 1272(a)(2)(D) (relating to 
        loans between natural persons).''.
                    (C) The amendments made by this paragraph shall 
                apply to obligations issued on or after March 2, 1984.
    (d) Deadwood Provisions Involving Repeal of One or More Sections.--
            (1) Energy efficient appliance credit.--
                    (A) In general.--Subpart D of part IV of subchapter 
                A of chapter 1 is amended by striking section 45M (and 
                by striking the item relating to such section in the 
                table of sections for such subpart).
                    (B) Conforming amendment.--Section 38(b), as 
                amended by the preceding provisions of this Act, is 
                amended by striking paragraph (24) and by redesignating 
                paragraphs (25) through (36) as paragraphs (24) through 
                (35), respectively.
            (2) Qualifying therapeutic discovery project credit.--
                    (A) In general.--Subpart E of part IV of subchapter 
                A of chapter 1 is amended by striking section 48D (and 
                by striking the item relating to such section in the 
                table of sections for such subpart).
                    (B) Conforming amendments.--
                            (i) Section 49(a)(1)(C) is amended by 
                        adding ``and'' at the end of clause (iv), by 
                        striking ``, and'' at the end of clause (v) and 
                        inserting a period, and by striking clause 
                        (vi).
                            (ii) Section 50(a)(2)(E) is amended by 
                        striking ``48C(b)(2), or 48D(b)(4)'' and 
                        inserting ``or 48C(b)(2)''.
                            (iii) Section 280C is amended by striking 
                        the subsection (g) which relates to the 
                        qualifying therapeutic discovery project 
                        credit.
                    (C) Savings provision.--In the case of the repeal 
                of section 48D(e)(1) of the Internal Revenue Code of 
                1986, the amendments made by this paragraph shall not 
                apply to expenditures made in taxable years beginning 
                before January 1, 2011.
            (3) DC zone provisions.--
                    (A) In general.--Chapter 1 is amended by striking 
                subchapter W (and by striking the item relating to such 
                subchapter in the table of subchapters for such 
                chapter).
                    (B) Conforming amendments.--
                            (i) Section 23(c)(1) is amended by striking 
                        ``sections 25D and 1400C'' and inserting 
                        ``section 25D''.
                            (ii) Section 25(e)(1)(C) is amended by 
                        striking ``sections 23, 25D, and 1400C'' and 
                        inserting ``sections 23 and 25D''.
                            (iii) Section 45D(h) is amended by striking 
                        ``sections 1202, 1400B, and 1400F'' and 
                        inserting ``section 1202''.
                            (iv) Section 1016(a) is amended by striking 
                        paragraph (27).
                            (v) Section 1202(a)(2)(B) is amended by 
                        inserting ``(as in effect before its repeal)'' 
                        after ``1400B(b)''.
                            (vi) Section 1223(13) is amended by 
                        striking ``sections 1202(a)(2), 1202(c)(2)(A), 
                        1400B(b), and 1400F(b)'' and inserting 
                        ``subsections (a)(2) and (c)(2)(A) of section 
                        1202''.
                            (vii) Section 1397B(b)(1) is amended by 
                        striking subparagraph (B).
                    (C) Savings provisions.--The amendments made by 
                this paragraph shall not apply to--
                            (i) in the case of the repeal of section 
                        1400A of the Internal Revenue Code of 1986, 
                        obligations described in section 1394 of such 
                        Code (as in effect before its repeal) which 
                        were issued before January 1, 2012,
                            (ii) in the case of the repeal of section 
                        1400B of such Code, DC Zone assets (as defined 
                        in such section, as in effect before its 
                        repeal) which were acquired by the taxpayer 
                        before January 1, 2012, and
                            (iii) in the case of the repeal of section 
                        1400C of such Code, principal residences 
                        acquired before January 1, 2012.
            (4) Renewal community provisions.--
                    (A) In general.--Chapter 1 is amended by striking 
                subchapter X (and by striking the item relating to such 
                subchapter in the table of subchapters for such 
                chapter).
                    (B) Conforming amendments.--
                            (i)(I) Section 469(i)(3) is amended by 
                        striking subparagraph (C) and by redesignating 
                        subparagraphs (D), (E), and (F) as 
                        subparagraphs (C), (D), and (E), respectively.
                            (II) Section 469(i)(3)(D), as so 
                        redesignated, is amended to read as follows:
                    ``(D) Ordering rule.--Paragraph (1) shall be 
                applied for any taxable year--
                            ``(i) first, to the passive activity loss,
                            ``(ii) second, to the portion of the 
                        passive activity credit to which subparagraph 
                        (B) and (C) does not apply,
                            ``(iii) third, to the portion of such 
                        credit to which subparagraph (B) applies, and
                            ``(iv) then, to the portion of such credit 
                        to which subparagraph (C) applies.''.
                            (III) Section 469(i)(6)(B) is amended--
                                    (aa) by striking ``, rehabilitation 
                                credit, or commercial revitalization 
                                deduction'' in the heading and 
                                inserting ``or rehabilitation credit'',
                                    (bb) by adding ``or'' at the end of 
                                clause (i),
                                    (cc) by striking ``, or'' at the 
                                end of clause (ii) and inserting a 
                                comma, and
                                    (dd) by striking clause (iii).
                            (IV) Section 1397B(b)(1), as amended by the 
                        preceding provisions of this Act, is amended by 
                        adding at the end the following new 
                        subparagraph:
                    ``(B) References.--Any reference in this paragraph 
                to section 1400F shall be treated as reference to such 
                section before its repeal.''.
                    (C) Savings provisions.--The amendments made by 
                this paragraph shall not apply to--
                            (i) in the case of the repeal of section 
                        1400F of the Internal Revenue Code of 1986, 
                        qualified community assets (as defined in such 
                        section, as in effect before its repeal) which 
                        were acquired by the taxpayer before January 1, 
                        2010,
                            (ii) in the case of the repeal section 
                        1400H of such Code, wages paid or incurred 
                        before January 1, 2010,
                            (iii) in the case of the repeal of section 
                        1400I of such Code, qualified revitalization 
                        buildings (as defined in such section, as in 
                        effect before its repeal) which were placed in 
                        service before January 1, 2010, and
                            (iv) in the case of the repeal of section 
                        1400J of such Code, property acquired before 
                        January 1, 2010.
            (5) Short-term regional benefits.--
                    (A) In general.--Chapter 1 is amended by striking 
                subchapter Y (and by striking the item relating to such 
                subchapter in the table of subchapters for such 
                chapter).
                    (B) Conforming amendments.--
                            (i) Section 38(b), as amended by the 
                        preceding provisions of this Act, is amended by 
                        striking paragraphs (26), (27), (28), and (29) 
                        and by redesignating paragraphs (30) through 
                        (35) as paragraphs (26) through (31), 
                        respectively.
                            (ii) Section 38(c)(2)(A)(ii)(II), as 
                        amended by the preceding provisions of this 
                        Act, is amended by striking ``, the New York 
                        Liberty Zone business employee credit,''.
                            (iii) Section 38(c) is amended by striking 
                        paragraph (3).
                            (iv) Section 54(c)(2) is amended by 
                        striking ``section 1400N(l),''.
                            (v) Section 280C(a), as amended by the 
                        preceding provisions of this Act, is amended by 
                        striking ``1396(a), 1400P(b), and 1400R'' and 
                        inserting ``and 1396(a)''.
                            (vi) Section 6033(b)(14) is amended by 
                        striking ``including the amount and use of 
                        qualified contributions to which section 
                        1400S(a) applies,''.
                            (vii) Section 6049(d)(8)(A) is amended--
                                    (I) by striking ``or 1400N(l)(6)'', 
                                and
                                    (II) by striking ``or 
                                1400N(l)(2)(D), as the case may be''.
                    (C) Savings provisions.--The amendments made by 
                this paragraph shall not apply to--
                            (i) in the case of the repeal of section 
                        1400L(a) of the Internal Revenue Code of 1986, 
                        qualified wages (as defined in such section, as 
                        in effect before its repeal) which were paid or 
                        incurred before January 1, 2004,
                            (ii) in the case of the repeal of 
                        subsections (b) and (f) of section 1400L of 
                        such Code, qualified New York Liberty Zone 
                        property (as defined in section 1400L(b) of 
                        such Code, as in effect before its repeal) 
                        placed in service before January 1, 2010,
                            (iii) in the case of the repeal of section 
                        1400L(c) of such Code, qualified New York 
                        Liberty Zone leasehold improvement property (as 
                        defined in such section, as in effect before 
                        its repeal) placed in service before January 1, 
                        2007,
                            (iv) in the case of the repeal of section 
                        1400L(d) of such Code, qualified New York 
                        Liberty bonds (as defined in such section, as 
                        in effect before its repeal) issued before 
                        January 1, 2014,
                            (v) in the case of the repeal of section 
                        1400L(e) of such Code, advanced refundings 
                        before January 1, 2006,
                            (vi) in the case of the repeal of section 
                        1400L(g) of such Code, property which is 
                        compulsorily or involuntarily converted as a 
                        result of the terrorist attacks on September 
                        11, 2001,
                            (vii) in the case of the repeal of section 
                        1400N(a) of such Code, obligations issued 
                        before January 1, 2012,
                            (viii) in the case of the repeal of section 
                        1400N(b) of such Code, advanced refundings 
                        before January 1, 2011,
                            (ix) in the case of the repeal of section 
                        1400N(d) of such Code, property placed in 
                        service before January 1, 2012,
                            (x) in the case of the repeal of section 
                        1400N(e) of such Code, property placed in 
                        service before January 1, 2009,
                            (xi) in the case of the repeal of 
                        subsections (f) and (g) of section 1400N of 
                        such Code, amounts paid or incurred before 
                        January 1, 2008,
                            (xii) in the case of the repeal of section 
                        1400N(h) of such Code, amounts paid or incurred 
                        before January 1, 2012,
                            (xiii) in the case of the repeal of section 
                        1400N(k)(1)(B) of such Code, losses arising in 
                        taxable years beginning before January 1, 2008,
                            (xiv) in the case of the repeal of section 
                        1400N(l) of such Code, bonds issued before 
                        January 1, 2007,
                            (xv) in the case of the repeal of section 
                        1400Q(a) of such Code, distributions before 
                        January 1, 2007,
                            (xvi) in the case of the repeal of section 
                        1400Q(b) of such Code, contributions before 
                        March 1, 2006,
                            (xvii) in the case of the repeal of section 
                        1400Q(c) of such Code, loans made before 
                        January 1, 2007,
                            (xviii) in the case of the repeal of 
                        section 1400R of such Code, wages paid or 
                        incurred before January 1, 2006,
                            (xix) in the case of the repeal of section 
                        1400S(a) of such Code, contributions paid 
                        before January 1, 2006,
                            (xx) in the case of the repeal of section 
                        1400T of such Code, financing provided before 
                        January 1, 2011, and
                            (xxi) in the case of the repeal of part III 
                        of subchapter Y of chapter 1 of such Code, 
                        obligations issued before January 1, 2011.
            (6) Provisions related to cobra premium assistance.--
                    (A) In general.--Subchapter B of chapter 65 is 
                amended by striking section 6432 (and by striking the 
                item relating to such section in the table of sections 
                for such subchapter).
                    (B) Notification requirement.--Part I of subchapter 
                B of chapter 68 is amended by striking section 6720C 
                (and by striking the item relating to such section in 
                the table of sections for such part).
                    (C) Exclusion from gross income.--Part III of 
                subchapter B of chapter 1 is amended by striking 
                section 139C (and by striking the item relating to such 
                section in the table of sections for such part).
    (e) General Savings Provision With Respect to Deadwood 
Provisions.--If--
            (1) any provision amended or repealed by the amendments 
        made by subsection (b) or (d) applied to--
                    (A) any transaction occurring before the date of 
                the enactment of this Act,
                    (B) any property acquired before such date of 
                enactment, or
                    (C) any item of income, loss, deduction, or credit 
                taken into account before such date of enactment, and
            (2) the treatment of such transaction, property, or item 
        under such provision would (without regard to the amendments or 
        repeals made by such subsection) affect the liability for tax 
        for periods ending after such date of enactment,
nothing in the amendments or repeals made by this section shall be 
construed to affect the treatment of such transaction, property, or 
item for purposes of determining liability for tax for periods ending 
after such date of enactment.
                                 <all>