[Congressional Record Volume 159, Number 181 (Thursday, December 19, 2013)]
[Senate]
[Pages S9054-S9058]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. REID:
S. 1859. A bill to amend the Internal Revenue Code of 1986 to extend
certain expiring provisions, and for other purposes.
Mr. REID. Mr. President, I ask unanimous consent that the text of the
bill be printed in the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
S. 1859
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE, ETC.
(a) Short Title.--This Act may be cited as the ``Tax
Extenders Act of 2013''.
(b) Amendment of 1986 Code.--Except as otherwise expressly
provided, whenever in this Act an amendment or repeal is
expressed in terms of an amendment to, or repeal of, a
section or other provision, the reference shall be considered
to be made to a section or other provision of the Internal
Revenue Code of 1986.
(c) Table of Contents.--The table of contents for this Act
is as follows:
Sec. 1. Short title, etc.
TITLE I--INDIVIDUAL TAX EXTENDERS
Subtitle A--Extensions Relating to Certain Health Coverage
Sec. 101. Health care tax credit.
Sec. 102. TAA pre-certification rule for purposes of determining
whether there is a 63-day lapse in creditable coverage.
Sec. 103. Extension of COBRA benefits for certain TAA-eligible
individuals and PBGC recipients.
Subtitle B--General Extensions
Sec. 111. Extension of deduction for certain expenses of elementary and
secondary school teachers.
Sec. 112. Extension of exclusion from gross income of discharge of
qualified principal residence indebtedness.
Sec. 113. Extension of parity for exclusion from income for employer-
provided mass transit and parking benefits.
Sec. 114. Extension of mortgage insurance premiums treated as qualified
residence interest.
Sec. 115. Extension of deduction of State and local general sales
taxes.
Sec. 116. Extension of special rule for contributions of capital gain
real property made for conservation purposes.
Sec. 117. Extension of above-the-line deduction for qualified tuition
and related expenses.
Sec. 118. Extension of tax-free distributions from individual
retirement plans for charitable purposes.
TITLE II--BUSINESS TAX EXTENDERS
Sec. 201. Extension of research credit.
Sec. 202. Extension of temporary minimum low-income tax credit rate for
non-federally subsidized new buildings.
Sec. 203. Extension of housing allowance exclusion for determining area
median gross income for qualified residential rental
project exempt facility bonds.
Sec. 204. Extension of Indian employment tax credit.
Sec. 205. Extension of new markets tax credit.
Sec. 206. Extension of railroad track maintenance credit.
Sec. 207. Extension of mine rescue team training credit.
Sec. 208. Extension of employer wage credit for employees who are
active duty members of the uniformed services.
Sec. 209. Extension of work opportunity tax credit.
Sec. 210. Extension of qualified zone academy bonds.
Sec. 211. Extension of classification of certain race horses as 3-year
property.
Sec. 212. Extension of 15-year straight-line cost recovery for
qualified leasehold improvements, qualified restaurant
buildings and improvements, and qualified retail
improvements.
Sec. 213. Extension of 7-year recovery period for motorsports
entertainment complexes.
Sec. 214. Extension of accelerated depreciation for business property
on an Indian reservation.
Sec. 215. Extension of bonus depreciation.
Sec. 216. Extension of enhanced charitable deduction for contributions
of food inventory.
Sec. 217. Extension of increased expensing limitations and treatment of
certain real property as section 179 property.
Sec. 218. Extension of election to expense mine safety equipment.
Sec. 219. Extension of special expensing rules for certain film and
television productions.
Sec. 220. Extension of deduction allowable with respect to income
attributable to domestic production activities in Puerto
Rico.
Sec. 221. Extension of modification of tax treatment of certain
payments to controlling exempt organizations.
Sec. 222. Extension of treatment of certain dividends of regulated
investment companies.
Sec. 223. Extension of RIC qualified investment entity treatment under
FIRPTA.
Sec. 224. Extension of subpart F exception for active financing income.
Sec. 225. Extension of look-thru treatment of payments between related
controlled foreign corporations under foreign personal
holding company rules.
Sec. 226. Extension of temporary exclusion of 100 percent of gain on
certain small business stock.
Sec. 227. Extension of basis adjustment to stock of S corporations
making charitable contributions of property.
Sec. 228. Extension of reduction in S-corporation recognition period
for built-in gains tax.
Sec. 229. Extension of empowerment zone tax incentives.
[[Page S9055]]
Sec. 230. Extension of temporary increase in limit on cover over of rum
excise taxes to Puerto Rico and the Virgin Islands.
Sec. 231. Extension of American Samoa economic development credit.
TITLE III--ENERGY TAX EXTENDERS
Sec. 301. Extension of credit for energy-efficient existing homes.
Sec. 302. Extension of credit for alternative fuel vehicle refueling
property.
Sec. 303. Extension of credit for 2- or 3-wheeled plug-in electric
vehicles.
Sec. 304. Extension of second generation biofuel producer credit.
Sec. 305. Extension of incentives for biodiesel and renewable diesel.
Sec. 306. Extension of production credit for Indian coal facilities
placed in service before 2009.
Sec. 307. Extension of credits with respect to facilities producing
energy from certain renewable resources.
Sec. 308. Extension of credit for energy-efficient new homes.
Sec. 309. Extension of credits for energy-efficient appliances.
Sec. 310. Extension of special allowance for second generation biofuel
plant property.
Sec. 311. Extension of placed in service date for election to expense
certain refineries.
Sec. 312. Extension of energy efficient commercial buildings deduction.
Sec. 313. Extension of special rule for sales or dispositions to
implement FERC or State electric restructuring policy for
qualified electric utilities.
Sec. 314. Extension of alternative fuels excise tax credits.
Sec. 315. Extension of alternative fuels excise tax credits relating to
liquefied hydrogen.
TITLE I--INDIVIDUAL TAX EXTENDERS
Subtitle A--Extensions Relating to Certain Health Coverage
SEC. 101. HEALTH CARE TAX CREDIT.
(a) In General.--Subparagraph (B) of section 35(b)(1) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to coverage months beginning after December 31,
2013.
SEC. 102. TAA PRE-CERTIFICATION RULE FOR PURPOSES OF
DETERMINING WHETHER THERE IS A 63-DAY LAPSE IN
CREDITABLE COVERAGE.
(a) In General.--The following provisions are each amended
by striking ``January 1, 2014'' and inserting ``January 1,
2015'':
(1) Section 9801(c)(2)(D).
(2) Section 701(c)(2)(C) of the Employee Retirement Income
Security Act of 1974.
(3) Section 2701(c)(2)(C) of the Public Health Service Act
(as in effect for plan years beginning before January 1,
2014).
(4) Section 2704(c)(2)(C) of the Public Health Service Act
(as in effect for plan years beginning on or after January 1,
2014).
(b) Effective Date.--The amendments made by this section
shall apply to plan years beginning after December 31, 2013.
SEC. 103. EXTENSION OF COBRA BENEFITS FOR CERTAIN TAA-
ELIGIBLE INDIVIDUALS AND PBGC RECIPIENTS.
(a) In General.--The following provisions are each amended
by striking ``January 1, 2014'' and inserting ``January 1,
2015'':
(1) Section 4980B(f)(2)(B)(i)(V).
(2) Section 4980B(f)(2)(B)(i)(VI).
(3) Section 602(2)(A)(v) of the Employee Retirement Income
Security Act of 1974.
(4) Section 602(2)(A)(vi) of such Act.
(5) Section 2202(2)(A)(iv) of the Public Health Service
Act.
(b) Effective Date.--The amendments made by this section
shall apply to periods of coverage which would (without
regard to the amendments made by this section) end on or
after December 31, 2013.
Subtitle B--General Extensions
SEC. 111. EXTENSION OF DEDUCTION FOR CERTAIN EXPENSES OF
ELEMENTARY AND SECONDARY SCHOOL TEACHERS.
(a) In General.--Subparagraph (D) of section 62(a)(2) is
amended by striking ``or 2013'' and inserting ``2013, or
2014''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 112. EXTENSION OF EXCLUSION FROM GROSS INCOME OF
DISCHARGE OF QUALIFIED PRINCIPAL RESIDENCE
INDEBTEDNESS.
(a) In General.--Subparagraph (E) of section 108(a)(1) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to indebtedness discharged after December 31,
2013.
SEC. 113. EXTENSION OF PARITY FOR EXCLUSION FROM INCOME FOR
EMPLOYER-PROVIDED MASS TRANSIT AND PARKING
BENEFITS.
(a) In General.--Paragraph (2) of section 132(f) is amended
by striking ``January 1, 2014'' and inserting ``January 1,
2015''.
(b) Effective Date.--The amendment made by this section
shall apply to months after December 31, 2013.
SEC. 114. EXTENSION OF MORTGAGE INSURANCE PREMIUMS TREATED AS
QUALIFIED RESIDENCE INTEREST.
(a) In General.--Subclause (I) of section 163(h)(3)(E)(iv)
is amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to amounts paid or accrued after December 31,
2013.
SEC. 115. EXTENSION OF DEDUCTION OF STATE AND LOCAL GENERAL
SALES TAXES.
(a) In General.--Subparagraph (I) of section 164(b)(5) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 116. EXTENSION OF SPECIAL RULE FOR CONTRIBUTIONS OF
CAPITAL GAIN REAL PROPERTY MADE FOR
CONSERVATION PURPOSES.
(a) In General.--Clause (vi) of section 170(b)(1)(E) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Contributions by Certain Corporate Farmers and
Ranchers.--Clause (iii) of section 170(b)(2)(B) is amended by
striking ``December 31, 2013'' and inserting ``December 31,
2014''.
(c) Effective Date.--The amendments made by this section
shall apply to contributions made in taxable years beginning
after December 31, 2013.
SEC. 117. EXTENSION OF ABOVE-THE-LINE DEDUCTION FOR QUALIFIED
TUITION AND RELATED EXPENSES.
(a) In General.--Subsection (e) of section 222 is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 118. EXTENSION OF TAX-FREE DISTRIBUTIONS FROM INDIVIDUAL
RETIREMENT PLANS FOR CHARITABLE PURPOSES.
(a) In General.--Subparagraph (F) of section 408(d)(8) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to distributions made in taxable years beginning
after December 31, 2013.
TITLE II--BUSINESS TAX EXTENDERS
SEC. 201. EXTENSION OF RESEARCH CREDIT.
(a) In General.--Subparagraph (B) of section 41(h)(1) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Conforming Amendment.--Subparagraph (D) of section
45C(b)(1) is amended by striking ``December 31, 2013'' and
inserting ``December 31, 2014''.
(c) Effective Date.--The amendments made by this section
shall apply to amounts paid or incurred after December 31,
2013.
SEC. 202. EXTENSION OF TEMPORARY MINIMUM LOW-INCOME TAX
CREDIT RATE FOR NON-FEDERALLY SUBSIDIZED NEW
BUILDINGS.
(a) In General.--Subparagraph (A) of section 42(b)(2) is
amended by striking ``before January 1, 2014'' and inserting
``before January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall take effect on January 1, 2014.
SEC. 203. EXTENSION OF HOUSING ALLOWANCE EXCLUSION FOR
DETERMINING AREA MEDIAN GROSS INCOME FOR
QUALIFIED RESIDENTIAL RENTAL PROJECT EXEMPT
FACILITY BONDS.
(a) In General.--Subsection (b) of section 3005 of the
Housing Assistance Tax Act of 2008 is amended by striking
``January 1, 2014'' each place it appears and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall take effect as if included in the enactment of section
3005 of the Housing Assistance Tax Act of 2008.
SEC. 204. EXTENSION OF INDIAN EMPLOYMENT TAX CREDIT.
(a) In General.--Subsection (f) of section 45A is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 205. EXTENSION OF NEW MARKETS TAX CREDIT.
(a) In General.--Subparagraph (G) of section 45D(f)(1) is
amended by striking ``and 2013'' and inserting ``2013, and
2014''.
(b) Carryover of Unused Limitation.--Paragraph (3) of
section 45D(f) is amended by striking ``2018'' and inserting
``2019''.
(c) Effective Date.--The amendments made by this section
shall apply to calendar years beginning after December 31,
2013.
SEC. 206. EXTENSION OF RAILROAD TRACK MAINTENANCE CREDIT.
(a) In General.--Subsection (f) of section 45G is amended
by striking ``January 1, 2014'' and inserting ``January 1,
2015''.
(b) Effective Date.--The amendment made by this section
shall apply to expenditures paid or incurred in taxable years
beginning after December 31, 2013.
SEC. 207. EXTENSION OF MINE RESCUE TEAM TRAINING CREDIT.
(a) In General.--Subsection (e) of section 45N is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 208. EXTENSION OF EMPLOYER WAGE CREDIT FOR EMPLOYEES WHO
ARE ACTIVE DUTY MEMBERS OF THE UNIFORMED
SERVICES.
(a) In General.--Subsection (f) of section 45P is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
[[Page S9056]]
(b) Effective Date.--The amendment made by this section
shall apply to payments made after December 31, 2013.
SEC. 209. EXTENSION OF WORK OPPORTUNITY TAX CREDIT.
(a) In General.--Subparagraph (B) of section 51(c)(4) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to individuals who begin work for the employer
after December 31, 2013.
SEC. 210. EXTENSION OF QUALIFIED ZONE ACADEMY BONDS.
(a) Extension.--
(1) In general.--Paragraph (1) of section 54E(c) is amended
by striking ``and 2013'' and inserting ``2013, and 2014''.
(2) Effective date.--The amendment made by this subsection
shall apply to obligations issued after December 31, 2013.
(b) Technical Correction and Conforming Amendment.--
(1) In general.--Clause (iii) of section 6431(f)(3)(A) is
amended--
(A) by striking ``2011'' and inserting ``years after
2010'', and
(B) by striking ``of such allocation'' and inserting ``of
any such allocation''.
(2) Effective date.--The amendments made by this subsection
shall take effect as if included in section 310 of the
American Taxpayer Relief Act of 2012.
SEC. 211. EXTENSION OF CLASSIFICATION OF CERTAIN RACE HORSES
AS 3-YEAR PROPERTY.
(a) In General.--Clause (i) of section 168(e)(3)(A) is
amended--
(1) by striking ``January 1, 2014'' in subclause (I) and
inserting ``January 1, 2015'', and
(2) by striking ``December 31, 2013'' in subclause (II) and
inserting ``December 31, 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 212. EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY
FOR QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED
RESTAURANT BUILDINGS AND IMPROVEMENTS, AND
QUALIFIED RETAIL IMPROVEMENTS.
(a) In General.--Clauses (iv), (v), and (ix) of section
168(e)(3)(E) are each amended by striking ``January 1, 2014''
and inserting ``January 1, 2015''.
(b) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 213. EXTENSION OF 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS
ENTERTAINMENT COMPLEXES.
(a) In General.--Subparagraph (D) of section 168(i)(15) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 214. EXTENSION OF ACCELERATED DEPRECIATION FOR BUSINESS
PROPERTY ON AN INDIAN RESERVATION.
(a) In General.--Paragraph (8) of section 168(j) is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 215. EXTENSION OF BONUS DEPRECIATION.
(a) In General.--Paragraph (2) of section 168(k) is
amended--
(1) by striking ``January 1, 2015'' in subparagraph (A)(iv)
and inserting ``January 1, 2016'', and
(2) by striking ``January 1, 2014'' each place it appears
and inserting ``January 1, 2015''.
(b) Special Rule for Federal Long-Term Contracts.--Clause
(ii) of section 460(c)(6)(B) is amended by striking ``January
1, 2014 (January 1, 2015'' and inserting ``January 1, 2015
(January 1, 2016''.
(c) Extension of Election To Accelerate the AMT Credit in
Lieu of Bonus Depreciation.--
(1) In general.--Subclause (II) of section
168(k)(4)(D)(iii) is amended by striking ``2014'' and
inserting ``2015''.
(2) Round 4 extension property.--Paragraph (4) of section
168(k) is amended by adding at the end the following new
subparagraph:
``(K) Special rules for round 4 extension property.--
``(i) In general.--In the case of round 4 extension
property, this paragraph shall be applied without regard to--
``(I) the limitation described in subparagraph (B)(i)
thereof, and
``(II) the business credit increase amount under
subparagraph (E)(iii) thereof.
``(ii) Taxpayers previously electing acceleration.--In the
case of a taxpayer who made the election under subparagraph
(A) for its first taxable year ending after March 31, 2008, a
taxpayer who made the election under subparagraph (H)(ii) for
its first taxable year ending after December 31, 2008, a
taxpayer who made the election under subparagraph (I)(iii)
for its first taxable year ending after December 31, 2010, or
a taxpayer who made the election under subparagraph (J)(iii)
for its first taxable year ending after December 31, 2012--
``(I) the taxpayer may elect not to have this paragraph
apply to round 4 extension property, but
``(II) if the taxpayer does not make the election under
subclause (I), in applying this paragraph to the taxpayer the
bonus depreciation amount, maximum amount, and maximum
increase amount shall be computed and applied to eligible
qualified property which is round 4 extension property.
The amounts described in subclause (II) shall be computed
separately from any amounts computed with respect to eligible
qualified property which is not round 4 extension property.
``(iii) Taxpayers not previously electing acceleration.--In
the case of a taxpayer who neither made the election under
subparagraph (A) for its first taxable year ending after
March 31, 2008, nor made the election under subparagraph
(H)(ii) for its first taxable year ending after December 31,
2008, nor made the election under subparagraph (I)(iii) for
its first taxable year ending after December 31, 2010, nor
made the election under subparagraph (J)(iii) for its first
taxable year ending after December 31, 2012--
``(I) the taxpayer may elect to have this paragraph apply
to its first taxable year ending after December 31, 2013, and
each subsequent taxable year, and
``(II) if the taxpayer makes the election under subclause
(I), this paragraph shall only apply to eligible qualified
property which is round 4 extension property.
``(iv) Round 4 extension property.--For purposes of this
subparagraph, the term `round 4 extension property' means
property which is eligible qualified property solely by
reason of the extension of the application of the special
allowance under paragraph (1) pursuant to the amendments made
by section 215(a) of the Tax Extenders Act of 2013 (and the
application of such extension to this paragraph pursuant to
the amendment made by section 215(c) of such Act).''.
(d) Conforming Amendments.--
(1) The heading for subsection (k) of section 168 is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(2) The heading for clause (ii) of section 168(k)(2)(B) is
amended by striking ``pre-january 1, 2014'' and inserting
``pre-january 1, 2015''.
(3) Subparagraph (C) of section 168(n)(2) is amended by
striking ``January 1, 2014'' and inserting ``January 1,
2015''.
(4) Subparagraph (D) of section 1400L(b)(2) is amended by
striking ``January 1, 2014'' and inserting ``January 1,
2015''.
(5) Subparagraph (B) of section 1400N(d)(3) is amended by
striking ``January 1, 2014'' and inserting ``January 1,
2015''.
(e) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2013, in taxable years ending after such date.
SEC. 216. EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR
CONTRIBUTIONS OF FOOD INVENTORY.
(a) In General.--Clause (iv) of section 170(e)(3)(C) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to contributions made after December 31, 2013.
SEC. 217. EXTENSION OF INCREASED EXPENSING LIMITATIONS AND
TREATMENT OF CERTAIN REAL PROPERTY AS SECTION
179 PROPERTY.
(a) In General.--
(1) Dollar limitation.--Section 179(b)(1) is amended--
(A) by striking ``or 2013'' in subparagraph (B) and
inserting ``2013, or 2014'', and
(B) by striking ``2013'' in subparagraph (C) and inserting
``2014''.
(2) Reduction in limitation.--Section 179(b)(2) is
amended--
(A) by striking ``or 2013'' in subparagraph (B) and
inserting ``2013, or 2014'', and
(B) by striking ``2013'' in subparagraph (C) and inserting
``2014''.
(b) Computer Software.--Section 179(d)(1)(A)(ii) is amended
by striking ``2014'' and inserting ``2015''.
(c) Election.--Section 179(c)(2) is amended by striking
``2014'' and inserting ``2015''.
(d) Special Rules for Treatment of Qualified Real
Property.--
(1) In general.--Section 179(f)(1) is amended by striking
``or 2013'' and inserting ``2013, or 2014''.
(2) Carryover limitation.--
(A) In general.--Section 179(f)(4) is amended by striking
``2013'' each place it appears and inserting ``2014''.
(B) Conforming amendment.--The heading of subparagraph (C)
of section 179(f)(4) is amended by striking ``2011 and 2012''
and inserting ``2011, 2012, and 2013''.
(e) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 218. EXTENSION OF ELECTION TO EXPENSE MINE SAFETY
EQUIPMENT.
(a) In General.--Subsection (g) of section 179E is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 219. EXTENSION OF SPECIAL EXPENSING RULES FOR CERTAIN
FILM AND TELEVISION PRODUCTIONS.
(a) In General.--Subsection (f) of section 181 is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to productions commencing after December 31,
2013.
SEC. 220. EXTENSION OF DEDUCTION ALLOWABLE WITH RESPECT TO
INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION
ACTIVITIES IN PUERTO RICO.
(a) In General.--Subparagraph (C) of section 199(d)(8) is
amended--
(1) by striking ``first 8 taxable years'' and inserting
``first 9 taxable years'', and
[[Page S9057]]
(2) by striking ``January 1, 2014'' and inserting ``January
1, 2015''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 221. EXTENSION OF MODIFICATION OF TAX TREATMENT OF
CERTAIN PAYMENTS TO CONTROLLING EXEMPT
ORGANIZATIONS.
(a) In General.--Clause (iv) of section 512(b)(13)(E) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to payments received or accrued after December
31, 2013.
SEC. 222. EXTENSION OF TREATMENT OF CERTAIN DIVIDENDS OF
REGULATED INVESTMENT COMPANIES.
(a) In General.--Paragraphs (1)(C)(v) and (2)(C)(v) of
section 871(k) are each amended by striking ``December 31,
2013'' and inserting ``December 31, 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 223. EXTENSION OF RIC QUALIFIED INVESTMENT ENTITY
TREATMENT UNDER FIRPTA.
(a) In General.--Clause (ii) of section 897(h)(4)(A) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall take effect on January 1, 2014.
SEC. 224. EXTENSION OF SUBPART F EXCEPTION FOR ACTIVE
FINANCING INCOME.
(a) Exempt Insurance Income.--Paragraph (10) of section
953(e) is amended--
(1) by striking ``January 1, 2014'' and inserting ``January
1, 2015'', and
(2) by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Special Rule for Income Derived in the Active Conduct
of Banking, Financing, or Similar Businesses.--Paragraph (9)
of section 954(h) is amended by striking ``January 1, 2014''
and inserting ``January 1, 2015''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years of foreign corporations
beginning after December 31, 2013, and to taxable years of
United States shareholders with or within which any such
taxable year of such foreign corporation ends.
SEC. 225. EXTENSION OF LOOK-THRU TREATMENT OF PAYMENTS
BETWEEN RELATED CONTROLLED FOREIGN CORPORATIONS
UNDER FOREIGN PERSONAL HOLDING COMPANY RULES.
(a) In General.--Subparagraph (C) of section 954(c)(6) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years of foreign corporations
beginning after December 31, 2013, and to taxable years of
United States shareholders with or within which such taxable
years of foreign corporations end.
SEC. 226. EXTENSION OF TEMPORARY EXCLUSION OF 100 PERCENT OF
GAIN ON CERTAIN SMALL BUSINESS STOCK.
(a) In General.--Paragraph (4) of section 1202(a) is
amended--
(1) by striking ``January 1, 2014'' and inserting ``January
1, 2015'', and
(2) by striking ``and 2013'' in the heading and inserting
``2013, and 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to stock acquired after December 31, 2013.
SEC. 227. EXTENSION OF BASIS ADJUSTMENT TO STOCK OF S
CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF
PROPERTY.
(a) In General.--Paragraph (2) of section 1367(a) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to contributions made in taxable years beginning
after December 31, 2013.
SEC. 228. EXTENSION OF REDUCTION IN S-CORPORATION RECOGNITION
PERIOD FOR BUILT-IN GAINS TAX.
(a) In General.--Subparagraph (C) of section 1374(d)(7) is
amended--
(1) by striking ``2012 or 2013'' and inserting ``2012,
2013, or 2014'', and
(2) by striking ``2012 and 2013'' in the heading and
inserting ``2012, 2013, and 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
SEC. 229. EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES.
(a) In General.--Clause (i) of section 1391(d)(1)(A) is
amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Treatment of Certain Termination Dates Specified in
Nominations.--In the case of a designation of an empowerment
zone the nomination for which included a termination date
which is contemporaneous with the date specified in
subparagraph (A)(i) of section 1391(d)(1) of the Internal
Revenue Code of 1986 (as in effect before the enactment of
this Act), subparagraph (B) of such section shall not apply
with respect to such designation if, after the date of the
enactment of this section, the entity which made such
nomination amends the nomination to provide for a new
termination date in such manner as the Secretary of the
Treasury (or the Secretary's designee) may provide.
(c) Effective Date.--The amendment made by this section
shall apply to periods after December 31, 2013.
SEC. 230. EXTENSION OF TEMPORARY INCREASE IN LIMIT ON COVER
OVER OF RUM EXCISE TAXES TO PUERTO RICO AND THE
VIRGIN ISLANDS.
(a) In General.--Paragraph (1) of section 7652(f) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to distilled spirits brought into the United
States after December 31, 2013.
SEC. 231. EXTENSION OF AMERICAN SAMOA ECONOMIC DEVELOPMENT
CREDIT.
(a) In General.--Subsection (d) of section 119 of division
A of the Tax Relief and Health Care Act of 2006 is amended--
(1) by striking ``January 1, 2014'' each place it appears
and inserting ``January 1, 2015'',
(2) by striking ``first 8 taxable years'' in paragraph (1)
and inserting ``first 9 taxable years'', and
(3) by striking ``first 2 taxable years'' in paragraph (2)
and inserting ``first 3 taxable years''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
TITLE III--ENERGY TAX EXTENDERS
SEC. 301. EXTENSION OF CREDIT FOR ENERGY-EFFICIENT EXISTING
HOMES.
(a) In General.--Paragraph (2) of section 25C(g) is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 302. EXTENSION OF CREDIT FOR ALTERNATIVE FUEL VEHICLE
REFUELING PROPERTY.
(a) In General.--Subsection (g) of section 30C is amended
by striking ``placed in service'' and all that follows and
inserting ``placed in service after December 31, 2014.''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 303. EXTENSION OF CREDIT FOR 2- OR 3-WHEELED PLUG-IN
ELECTRIC VEHICLES.
(a) In General.--Subparagraph (E) of section 30D(g)(3) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendments made by this section
shall apply to vehicles acquired after December 31, 2013.
SEC. 304. EXTENSION OF SECOND GENERATION BIOFUEL PRODUCER
CREDIT.
(a) In General.--Clause (i) of section 40(b)(6)(J) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this subsection
shall apply to fuel sold or used after December 31, 2013.
SEC. 305. EXTENSION OF INCENTIVES FOR BIODIESEL AND RENEWABLE
DIESEL.
(a) Credits for Biodiesel and Renewable Diesel Used as
Fuel.--Subsection (g) of section 40A is amended by striking
``December 31, 2013'' and inserting ``December 31, 2014''.
(b) Excise Tax Credits and Outlay Payments for Biodiesel
and Renewable Diesel Fuel Mixtures.--
(1) Paragraph (6) of section 6426(c) is amended by striking
``December 31, 2013'' and inserting ``December 31, 2014''.
(2) Subparagraph (B) of section 6427(e)(6) is amended by
striking ``December 31, 2013'' and inserting ``December 31,
2014''.
(c) Effective Date.--The amendments made by this section
shall apply to fuel sold or used after December 31, 2013.
SEC. 306. EXTENSION OF PRODUCTION CREDIT FOR INDIAN COAL
FACILITIES PLACED IN SERVICE BEFORE 2009.
(a) In General.--Subparagraph (A) of section 45(e)(10) is
amended by striking ``8-year period'' each place it appears
and inserting ``9-year period''.
(b) Effective Date.--The amendment made by this section
shall apply to coal produced after December 31, 2013.
SEC. 307. EXTENSION OF CREDITS WITH RESPECT TO FACILITIES
PRODUCING ENERGY FROM CERTAIN RENEWABLE
RESOURCES.
(a) In General.--The following provisions of section 45(d)
are each amended by striking ``January 1, 2014'' each place
it appears and inserting ``January 1, 2015'':
(1) Paragraph (1).
(2) Paragraph (2)(A).
(3) Paragraph (3)(A).
(4) Paragraph (4)(B).
(5) Paragraph (6).
(6) Paragraph (7).
(7) Paragraph (9).
(8) Paragraph (11)(B).
(b) Extension of Election to Treat Qualified Facilities as
Energy Property.--Clause (ii) of section 48(a)(5)(C) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(c) Effective Dates.--The amendments made by this section
shall take effect on January 1, 2014.
SEC. 308. EXTENSION OF CREDIT FOR ENERGY-EFFICIENT NEW HOMES.
(a) In General.--Subsection (g) of section 45L is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to homes acquired after December 31, 2013.
SEC. 309. EXTENSION OF CREDITS FOR ENERGY-EFFICIENT
APPLIANCES.
(a) In General.--Subsection (b) of section 45M is amended
by striking ``or 2013'' each place it appears in paragraphs
(1)(E), (2)(F), and (3)(F) and inserting ``2013, or 2014''.
(b) Effective Date.--The amendments made by this section
shall apply to appliances produced after December 31, 2013.
[[Page S9058]]
SEC. 310. EXTENSION OF SPECIAL ALLOWANCE FOR SECOND
GENERATION BIOFUEL PLANT PROPERTY.
(a) In General.--Subparagraph (D) of section 168(l)(2) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 311. EXTENSION OF PLACED IN SERVICE DATE FOR ELECTION TO
EXPENSE CERTAIN REFINERIES.
(a) In General.--Subparagraph (B) of section 179C(c)(1) is
amended by striking ``January 1, 2014'' and inserting
``January 1, 2015''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 312. EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS
DEDUCTION.
(a) In General.--Subsection (h) of section 179D is amended
by striking ``December 31, 2013'' and inserting ``December
31, 2014''.
(b) Effective Date.--The amendment made by this section
shall apply to property placed in service after December 31,
2013.
SEC. 313. EXTENSION OF SPECIAL RULE FOR SALES OR DISPOSITIONS
TO IMPLEMENT FERC OR STATE ELECTRIC
RESTRUCTURING POLICY FOR QUALIFIED ELECTRIC
UTILITIES.
(a) In General.--Paragraph (3) of section 451(i) is amended
by striking ``January 1, 2014'' and inserting ``January 1,
2015''.
(b) Effective Date.--The amendment made by this section
shall apply to dispositions after December 31, 2013.
SEC. 314. EXTENSION OF ALTERNATIVE FUELS EXCISE TAX CREDITS.
(a) In General.--Sections 6426(d)(5) and 6426(e)(3) are
each amended by striking ``December 31, 2013'' and inserting
``December 31, 2014''.
(b) Outlay Payments for Alternative Fuels.--Subparagraph
(C) of section 6427(e)(6) is amended by striking ``December
31, 2013'' and inserting ``December 31, 2014''.
(c) Effective Date.--The amendments made by this section
shall apply to fuel sold or used after December 31, 2013.
SEC. 315. EXTENSION OF ALTERNATIVE FUELS EXCISE TAX CREDITS
RELATING TO LIQUEFIED HYDROGEN.
(a) In General.--Sections 6426(d)(5) and 6426(e)(3), as
amended by this Act, are each amended by striking ``2014
(September 30, 2014 in the case of any sale or use involving
liquefied hydrogen)'' and inserting ``2014''.
(b) Outlay Payments for Alternative Fuels.--Paragraph (6)
of section 6427(e) is amended--
(1) by striking ``except as provided in subparagraph (D),
any'' in subparagraph (C), as amended by this Act, and
inserting ``any'', and
(2) by striking subparagraph (D) and redesignating
subparagraph (E) as subparagraph (D).
(c) Effective Date.--The amendments made by this section
shall apply to fuels sold or used after September 30, 2014.
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