[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.
                                 ______