I 

113TH CONGRESS 

2D SESSION H. R. 5528 

To amend the Internal Revenue Code of 1986 to make technical corrections, 

and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 18, 2014 

Mr. CAMP (for himself and Mr. LEVIN) introduced the following bill; which 

was referred to the Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to make 

technical corrections, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE; 

4 TABLE OF CONTENTS. 

5 (a) SHORT TITLE.—This Act may be cited as the 

6 ‘‘Tax Technical Corrections Act of 2014’’. 

7 (b) AMENDMENT OF 1986 CODE.—Except as other8 wise expressly provided, whenever in this Act an amend9 ment or repeal is expressed in terms of an amendment 

10 to, or repeal of, a section or other provision, the reference 


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1 shall be considered to be made to a section or other provi2 sion of the Internal Revenue Code of 1986. 

3 (c) TABLE OF CONTENTS.—The table of contents of 

4 this Act is as follows: 

Sec. 1. Short title; amendment of 1986 code; table of contents. 

Sec. 2. Amendments relating to American Taxpayer Relief Act of 2012. 

Sec. 3. Amendment relating to Middle Class Tax Relief and Job Creation Act 

of 2012. 

Sec. 4. Amendment relating to FAA Modernization and Reform Act of 2012. 

Sec. 5. Amendments relating to Regulated Investment Company Modernization 

Act of 2010. 

Sec. 6. Amendments relating to Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. 

Sec. 7. Amendments relating to Creating Small Business Jobs Act of 2010. 

Sec. 8. Clerical amendment relating to Hiring Incentives to Restore Employment Act. 

Sec. 9. Amendments relating to American Recovery and Reinvestment Tax Act 

of 2009. 

Sec. 10. Amendments relating to Energy Improvement and Extension Act of 

2008. 

Sec. 11. Amendments relating to Tax Extenders and Alternative Minimum Tax 

Relief Act of 2008. 

Sec. 12. Clerical amendments relating to Housing Assistance Tax Act of 2008. 

Sec. 13. Amendments and provision relating to Heroes Earnings Assistance and 

Relief Tax Act of 2008. 

Sec. 14. Amendments relating to Economic Stimulus Act of 2008. 

Sec. 15. Amendments relating to Tax Technical Corrections Act of 2007. 

Sec. 16. Amendment relating to Tax Relief and Health Care Act of 2006. 

Sec. 17. Amendment relating to Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users. 

Sec. 18. Amendments relating to Energy Tax Incentives Act of 2005. 

Sec. 19. Amendments relating to American Jobs Creation Act of 2004. 

Sec. 20. Other clerical corrections. 

Sec. 21. Deadwood provisions. 

5 SEC. 2. AMENDMENTS RELATING TO AMERICAN TAXPAYER 

6 RELIEF ACT OF 2012. 

7 (a) AMENDMENT RELATING TO SECTION 101(b).— 

8 Subclause (I) of section 642(b)(2)(C)(i) is amended by 

9 striking ‘‘section 151(d)(3)(C)(iii)’’ and inserting ‘‘section 

10 68(b)(1)(C)’’. 


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1 (b) AMENDMENT RELATING TO SECTION 102.— 

2 Clause (ii) of section 911(f)(2)(B) is amended by striking 

3 ‘‘described in section 1(h)(1)(B) shall be treated as a ref4 erence to such excess as determined’’ and inserting ‘‘de5 scribed in section 1(h)(1)(B), and the reference in section 

6 55(b)(3)(C)(ii) to the excess described in section 

7 1(h)(1)(C)(ii), shall each be treated as a reference to each 

8 such excess as determined’’. 

9 (c) AMENDMENTS RELATING TO SECTION 104.— 

10 (1) Clause (ii) of section 55(d)(4)(B) is amend11 ed by inserting ‘‘subparagraphs (A), (B), and (D) 

12 of’’ before ‘‘paragraph (1)’’. 

13 (2) Subparagraph (C) of section 55(d)(4) is 

14 amended by striking ‘‘increase’’ and inserting ‘‘in15 creased amount’’. 

16 (d) AMENDMENTS RELATING TO SECTION 310.— 

17 Clause (iii) of section 6431(f)(3)(A) is amended— 

18 (1) by striking ‘‘2011’’ and inserting ‘‘years 

19 after 2010’’, and 

20 (2) by striking ‘‘of such allocation’’ and insert21 ing ‘‘of any such allocation’’. 

22 (e) AMENDMENT RELATING TO SECTION 331.— 

23 Clause (iii) of section 168(k)(4)(J) is amended by striking 

24 ‘‘any taxable year’’ and inserting ‘‘its first taxable year’’. 


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1 (f) EFFECTIVE DATE.—The amendments made by 

2 this section shall take effect as if included in the provision 

3 of the American Taxpayer Relief Act of 2012 to which 

4 they relate. 

5 SEC. 3. AMENDMENT RELATING TO MIDDLE CLASS TAX RE6 LIEF AND JOB CREATION ACT OF 2012. 

7 (a) AMENDMENT RELATING TO SECTION 7001.— 

8 Paragraph (1) of section 7001 of the Middle Class Tax 

9 Relief and Job Creation Act of 2012 is amended by strik10 ing ‘‘201(b)’’ and inserting ‘‘202(b)’’. 

11 (b) EFFECTIVE DATE.—The amendment made by 

12 subsection (a) shall take effect as if included in section 

13 7001 of the Middle Class Tax Relief and Job Creation 

14 Act of 2012. 

15 SEC. 4. AMENDMENT RELATING TO FAA MODERNIZATION 

16 AND REFORM ACT OF 2012. 

17 (a) AMENDMENT RELATING TO SECTION 1107.— 

18 Section 4281 is amended to read as follows: 

19 ‘‘SEC. 4281. SMALL AIRCRAFT ON NONESTABLISHED LINES. 

20 ‘‘(a) IN GENERAL.—The taxes imposed by sections 

21 4261 and 4271 shall not apply to transportation by an 

22 aircraft having a maximum certificated takeoff weight of 

23 6,000 pounds or less, except when such aircraft is oper24 ated on an established line or when such aircraft is a jet 

25 aircraft. 


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1 ‘‘(b) MAXIMUM CERTIFICATED TAKEOFF WEIGHT.— 

2 For purposes of this section, the term ‘maximum certifi3 cated takeoff weight’ means the maximum such weight 

4 contained in the type certificate or airworthiness certifi5 cate. 

6 ‘‘(c) SIGHTSEEING.—For purposes of this section, an 

7 aircraft shall not be considered as operated on an estab8 lished line at any time during which such aircraft is being 

9 operated on a flight the sole purpose of which is sight10 seeing. 

11 ‘‘(d) JET AIRCRAFT.—For purposes of this section, 

12 the term ‘jet aircraft’ shall not include any aircraft which 

13 is a rotorcraft or propeller aircraft.’’. 

14 (b) EFFECTIVE DATE.—The amendment made by 

15 subsection (a) shall take effect as if included in section 

16 1107 of the FAA Modernization and Reform Act of 2012. 

17 SEC. 5. AMENDMENTS RELATING TO REGULATED INVEST18 MENT COMPANY MODERNIZATION ACT OF 

19 2010. 

20 (a) AMENDMENTS RELATING TO SECTION 101.— 

21 (1) Subsection (c) of section 101 of the Regu22 lated Investment Company Modernization Act of 

23 2010 is amended— 


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1 (A) by striking ‘‘paragraph (2)’’ in para2 graph (1) and inserting ‘‘paragraphs (2) and 

3 (3)’’, and 

4 (B) by adding at the end the following new 

5 paragraph: 

6 ‘‘(3) EXCISE TAX.— 

7 ‘‘(A) IN GENERAL.—Except as provided in 

8 subparagraph (B), for purposes of section 4982 

9 of the Internal Revenue Code of 1986, para10 graphs (1) and (2) shall apply by substituting 

11 ‘the 1-year periods taken into account under 

12 subsection (b)(1)(B) of such section with re13 spect to calendar years beginning after Decem14 ber 31, 2010’ for ‘taxable years beginning after 

15 the date of the enactment of this Act’. 

16 ‘‘(B) ELECTION.—A regulated investment 

17 company may elect to apply subparagraph (A) 

18 by substituting ‘2011’ for ‘2010’. Such election 

19 shall be made at such time and in such form 

20 and manner as the Secretary of the Treasury 

21 (or the Secretary’s delegate) shall prescribe.’’. 

22 (2) The first sentence of paragraph (2) of sec23 tion 852(c) is amended— 

24 (A) by striking ‘‘and without regard to’’ 

25 and inserting ‘‘, without regard to’’, and 


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1 (B) by inserting ‘‘, and without regard to 

2 any capital loss arising on the first day of the 

3 taxable year by reason of clauses (ii) and (iii) 

4 of section 1212(a)(3)(A)’’ before the period at 

5 the end. 

6 (b) AMENDMENT RELATING TO SECTION 304.— 

7 Paragraph (1) of section 855(a) is amended by inserting 

8 ‘‘on or’’ before ‘‘before’’. 

9 (c) AMENDMENTS RELATING TO SECTION 308.— 

10 (1) Paragraph (8) of section 852(b) is amended 

11 by redesignating subparagraph (E) as subparagraph 

12 (G) and by striking subparagraphs (C) and (D) and 

13 inserting the following new subparagraphs: 

14 ‘‘(C) POST-OCTOBER CAPITAL LOSS.—For 

15 purposes of this paragraph, the term ‘post-Oc16 tober capital loss’ means— 

17 ‘‘(i) any net capital loss attributable 

18 to the portion of the taxable year after Oc19 tober 31, or 

20 ‘‘(ii) if there is no such loss— 

21 ‘‘(I) any net long-term capital 

22 loss attributable to such portion of the 

23 taxable year, or 


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1 ‘‘(II) any net short-term capital 

2 loss attributable to such portion of the 

3 taxable year. 

4 ‘‘(D) LATE-YEAR ORDINARY LOSS.—For 

5 purposes of this paragraph, the term ‘late-year 

6 ordinary loss’ means the sum of any post-Octo7 ber specified loss and any post-December ordi8 nary loss. 

9 ‘‘(E) POST-OCTOBER SPECIFIED LOSS.— 

10 For purposes of this paragraph, the term ‘post11 October specified loss’ means the excess (if any) 

12 of— 

13 ‘‘(i) the specified losses (as defined in 

14 section 4982(e)(5)(B)(ii)) attributable to 

15 the portion of the taxable year after Octo16 ber 31, over 

17 ‘‘(ii) the specified gains (as defined in 

18 section 4982(e)(5)(B)(i)) attributable to 

19 such portion of the taxable year. 

20 ‘‘(F) POST-DECEMBER ORDINARY LOSS.— 

21 For purposes of this paragraph, the term ‘post22 December ordinary loss’ means the excess (if 

23 any) of— 

24 ‘‘(i) the ordinary losses not described 

25 in subparagraph (E)(i) and attributable to 


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1 the portion of the taxable year after De2 cember 31, over 

3 ‘‘(ii) the ordinary income not de4 scribed in subparagraph (E)(ii) and attrib5 utable to such portion of the taxable 

6 year.’’. 

7 (2) Subparagraph (G) of section 852(b)(8), as 

8 so redesignated, is amended by striking ‘‘, (D)(i)(I), 

9 and (D)(ii)(I)’’ and inserting ‘‘and (E)’’. 

10 (3) The first sentence of paragraph (2) of sec11 tion 852(c), as amended by subsection (a), is amend12 ed— 

13 (A) by striking ‘‘, and without regard to’’ 

14 and inserting ‘‘, without regard to’’, and 

15 (B) by inserting ‘‘, and with such other ad16 justments as the Secretary may prescribe’’ be17 fore the period at the end. 

18 (d) AMENDMENTS RELATING TO SECTION 402.— 

19 (1) Subparagraph (B) of section 4982(e)(6) is 

20 amended by inserting before the period at the end 

21 the following: ‘‘or which determines income by ref22 erence to the value of an item on the last day of the 

23 taxable year’’. 

24 (2) Subparagraph (A) of section 4982(e)(7) is 

25 amended by striking ‘‘such company’’ and all that 


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1 follows through ‘‘any net ordinary loss’’ and insert2 ing ‘‘such company may elect to determine its ordi3 nary income and net ordinary loss (as defined in 

4 paragraph (2)(C)(ii)) for the calendar year without 

5 regard to any portion of any net ordinary loss’’. 

6 (e) CLERICAL AMENDMENT RELATING TO SECTION

7 201.—Subparagraph (A) of section 851(d)(2) is amended 

8 by inserting ‘‘of this paragraph’’ after ‘‘subparagraph 

9 (B)(i)’’. 

10 (f) EFFECTIVE DATE.— 

11 (1) IN GENERAL.—Except as provided in para12 graph (2), the amendments made by this section 

13 shall take effect as if included in the provision of the 

14 Regulated Investment Company Modernization Act 

15 of 2010 to which they relate. 

16 (2) SAVINGS PROVISION.—In the case of a reg17 ulated investment company which, before the date of 

18 the enactment of this Act, elected under paragraph 

19 (8) of section 852(b) of the Internal Revenue Code 

20 of 1986 (as in effect on the date of such election) 

21 for any taxable year ending before such date of en22 actment to treat any loss as arising in the following 

23 taxable year, the amendments made by paragraphs 

24 (1) and (2) of subsection (c) shall not apply with re25 spect to such election. 


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1 SEC. 6. AMENDMENTS RELATING TO TAX RELIEF, UNEM2 PLOYMENT INSURANCE REAUTHORIZATION, 

3 AND JOB CREATION ACT OF 2010. 

4 (a) AMENDMENT RELATING TO SECTION 103.— 

5 Clause (ii) of section 32(b)(3)(B) is amended by striking 

6 ‘‘in 2010’’ and inserting ‘‘after 2009’’. 

7 (b) CLERICAL AMENDMENTS RELATING TO SECTION

8 302.— 

9 (1) Paragraph (1) of section 2801(a) is amend10 ed by striking ‘‘(or, if greater, the highest rate of 

11 tax specified in the table applicable under section 

12 2502(a) as in effect on the date)’’. 

13 (2) Subsection (f) of section 302 of the Tax Re14 lief, Unemployment Insurance Reauthorization, and 

15 Job Creation Act of 2010 is amended by striking 

16 ‘‘subsection’’ and inserting ‘‘section’’. 

17 (c) AMENDMENTS RELATING TO SECTION 753.— 

18 Subparagraph (A) of section 1397B(b)(1) is amended by 

19 striking ‘‘and’’ at the end of clause (ii), by striking the 

20 period at the end of clause (iii) and inserting ‘‘, and’’, and 

21 by adding at the end the following new clause: 

22 ‘‘(iv) ‘January 1, 2014’ were sub23 stituted for ‘January 1, 2010’ each place it 

24 appears.’’. 

25 (d) EFFECTIVE DATE.—The amendments made by 

26 this section shall take effect as if included in the provisions 


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1 of the Tax Relief, Unemployment Insurance Reauthoriza2 tion, and Job Creation Act of 2010 to which they relate. 

3 SEC. 7. AMENDMENTS RELATING TO CREATING SMALL 

4 BUSINESS JOBS ACT OF 2010. 

5 (a) AMENDMENTS RELATING TO SECTION 2102.— 

6 (1) Subsection (h) of section 2102 of the Cre7 ating Small Business Jobs Act of 2010 is amended 

8 by inserting ‘‘, and payee statements required to be 

9 furnished,’’ after ‘‘information returns required to 

10 be filed’’. 

11 (2) Paragraphs (1) and (2) of subsection (b), 

12 and subsection (c)(1)(C), of section 6722 are each 

13 amended by striking ‘‘the required filing date’’ and 

14 inserting ‘‘the date prescribed for furnishing such 

15 statement’’. 

16 (3) Subparagraph (B) of section 6722(c)(2) is 

17 amended by striking ‘‘filed’’ and inserting ‘‘fur18 nished’’. 

19 (b) EFFECTIVE DATE.—The amendments made by 

20 this section shall take effect as if included in the provision 

21 of the Creating Small Business Jobs Act of 2010 to which 

22 they relate. 


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1 SEC. 8. CLERICAL AMENDMENT RELATING TO HIRING IN2 CENTIVES TO RESTORE EMPLOYMENT ACT. 

3 (a) AMENDMENT RELATING TO SECTION 512.— 

4 Paragraph (1) of section 512(a) of the Hiring Incentives 

5 to Restore Employment Act is amended by striking ‘‘after 

6 paragraph (6)’’ and inserting ‘‘after paragraph (5)’’. 

7 (b) EFFECTIVE DATE.—The amendment made by 

8 this section shall take effect as if included in the provision 

9 of the Hiring Incentives to Restore Employment Act to 

10 which it relates. 

11 SEC. 9. AMENDMENTS RELATING TO AMERICAN RECOVERY 

12 AND REINVESTMENT TAX ACT OF 2009. 

13 (a) AMENDMENT RELATING TO SECTION 1003.— 

14 Paragraph (4) of section 24(d) is amended to read as fol15 lows: 

16 ‘‘(4) SPECIAL RULE FOR CERTAIN YEARS.—In 

17 the case of any taxable year beginning after 2008 

18 and before 2018, paragraph (1)(B)(i) shall be ap19 plied by substituting ‘$3,000’ for ‘$10,000’.’’. 

20 (b) AMENDMENT RELATING TO SECTION 1004.— 

21 Paragraph (3) of section 25A(i) is amended by striking 

22 ‘‘Subsection (f)(1)(A) shall be applied’’ and inserting ‘‘For 

23 purposes of determining the Hope Scholarship Credit, sub24 section (f)(1)(A) shall be applied’’. 

25 (c) AMENDMENTS RELATING TO SECTION 1008.— 


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1 (1) Paragraph (6) of section 164(b) is amended 

2 by striking subparagraph (E) and by redesignating 

3 subparagraphs (F) and (G) as subparagraphs (E) 

4 and (F), respectively. 

5 (2) Subparagraphs (E) and (F) of section 

6 164(b)(6), as so redesignated, are each amended by 

7 striking ‘‘This paragraph’’ and inserting ‘‘Subsection 

8 (a)(6)’’. 

9 (d) AMENDMENT RELATING TO SECTION 1104.— 

10 Subparagraph (A) of section 48(d)(3) is amended by in11 serting ‘‘or alternative minimum taxable income’’ after 

12 ‘‘includible in the gross income’’. 

13 (e) AMENDMENTS RELATING TO SECTION 1141.— 

14 (1) Subsection (f) of section 30D is amended— 

15 (A) by inserting ‘‘(determined without re16 gard to subsection (c))’’ before the period at the 

17 end of paragraph (1), and 

18 (B) by inserting ‘‘(determined without re19 gard to subsection (c))’’ before the period at the 

20 end of paragraph (2). 

21 (2) Paragraph (3) of section 30D(f) is amended 

22 by adding at the end the following: ‘‘For purposes 

23 of subsection (c), property to which this paragraph 

24 applies shall be treated as of a character subject to 

25 an allowance for depreciation.’’. 


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1 (f) AMENDMENTS RELATING TO SECTION 1142.— 

2 (1) Subsection (b) of section 38 is amended by 

3 striking ‘‘plus’’ at the end of paragraph (35), by re4 designating paragraph (36) as paragraph (37), and 

5 by inserting after paragraph (35) the following new 

6 paragraph: 

7 ‘‘(36) the portion of the qualified plug-in elec8 tric vehicle credit to which section 30(c)(1) applies, 

9 plus’’. 

10 (2)(A) Subsection (e) of section 30 is amend11 ed— 

12 (i) by inserting ‘‘(determined without re13 gard to subsection (c))’’ before the period at the 

14 end of paragraph (1), and 

15 (ii) by inserting ‘‘(determined without re16 gard to subsection (c))’’ before the period at the 

17 end of paragraph (2). 

18 (B) Paragraph (3) of section 30(e) is amended 

19 by adding at the end the following: ‘‘For purposes 

20 of subsection (c), property to which this paragraph 

21 applies shall be treated as of a character subject to 

22 an allowance for depreciation.’’. 

23 (g) AMENDMENT RELATING TO SECTION 1302.— 

24 Paragraph (3) of section 48C(b) is amended by inserting 


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1 ‘‘as the qualified investment’’ after ‘‘The amount which 

2 is treated’’. 

3 (h) AMENDMENTS RELATED TO SECTION 1541.— 

4 (1) Paragraph (2) of section 853A(a) is amend5 ed by inserting ‘‘(determined after the application of 

6 this section)’’ before the comma at the end. 

7 (2) Subsection (a) of section 853A is amend8 ed— 

9 (A) by striking ‘‘with respect to credits’’ 

10 and inserting ‘‘with respect to some or all of 

11 the credits’’, and 

12 (B) by inserting ‘‘(determined without re13 gard to this section and sections 54(c), 

14 54A(c)(1), 54AA(c)(1), and 1397E(c))’’ after 

15 ‘‘credits allowable’’. 

16 (3) Subsection (b) of section 853A is amended 

17 to read as follows: 

18 ‘‘(b) EFFECT OF ELECTION.—If the election provided 

19 in subsection (a) is in effect with respect to any credits 

20 for any taxable year— 

21 ‘‘(1) the regulated investment company— 

22 ‘‘(A) shall not be allowed such credits, 

23 ‘‘(B) shall include in gross income (as in24 terest) for such taxable year the amount which 

25 would have been so included with respect to 


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1 such credits had the application of this section 

2 not been elected, 

3 ‘‘(C) shall include in earnings and profits 

4 the amount so included in gross income, and 

5 ‘‘(D) shall be treated as making one or 

6 more distributions of money with respect to its 

7 stock equal to the amount of such credits on 

8 the date or dates (on or after the applicable 

9 date for any such credit) during such taxable 

10 year (or following the close of the taxable year 

11 pursuant to section 855) selected by the 

12 company, and 

13 ‘‘(2) each shareholder of such investment com14 pany shall— 

15 ‘‘(A) be treated as receiving such share16 holder’s proportionate share of any distribution 

17 of money which is treated as made by such in18 vestment company under paragraph (1)(D), and 

19 ‘‘(B) be allowed credits against the tax im20 posed by this chapter equal to the amount of 

21 such distribution, subject to the provisions of 

22 this title applicable to the credit involved.’’. 

23 (4) Subsection (c) of section 853A is amended 

24 to read as follows: 


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1 ‘‘(c) NOTICE TO SHAREHOLDERS.—The amount 

2 treated as a distribution of money received by a share3 holder under subsection (b)(2)(A) (and as credits allowed 

4 to such shareholder under subsection (b)(2)(B)) shall not 

5 exceed the amount so reported by the regulated invest6 ment company in a written statement furnished to such 

7 shareholder.’’. 

8 (5) Clause (ii) of section 853A(e)(1)(A) is 

9 amended by inserting ‘‘other than a qualified bond 

10 described in section 54AA(g)’’ after ‘‘as defined in 

11 section 54AA(d))’’. 

12 (i) AMENDMENTS RELATING TO SECTION 2202.— 

13 (1) Subparagraph (A) of section 2202(b)(1) of 

14 division B of the American Recovery and Reinvest15 ment Act of 2009 is amended by inserting ‘‘political 

16 subdivision of a State,’’ after ‘‘any State,’’. 

17 (2) Section 2202 of division B of the American 

18 Recovery and Reinvestment Act of 2009 is amended 

19 by adding at the end the following new subsection: 

20 ‘‘(e) TREATMENT OF POSSESSIONS.— 

21 ‘‘(1) PAYMENTS TO MIRROR CODE POSSES22 SIONS.—The Secretary of the Treasury shall pay to 

23 each possession of the United States with a mirror 

24 code tax system amounts equal to the loss to that 

25 possession by reason of credits allowed under subVerDate Sep 11 2014 03:05 Sep 25, 2014 Jkt 039200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\H5528.IH H5528

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1 section (a) with respect to taxable years beginning in 

2 2009. Such amounts shall be determined by the Sec3 retary of the Treasury based on information pro4 vided by the government of the respective possession. 

5 ‘‘(2) COORDINATION WITH CREDIT ALLOWED

6 AGAINST UNITED STATES INCOME TAXES.—No cred7 it shall be allowed against United States income 

8 taxes for any taxable year under this section to any 

9 person to whom a credit is allowed against taxes im10 posed by the possession by reason of the credit al11 lowed under subsection (a) for such taxable year. 

12 ‘‘(3) DEFINITIONS AND SPECIAL RULES.— 

13 ‘‘(A) POSSESSION OF THE UNITED

14 STATES.—For purposes of this subsection, the 

15 term ‘possession of the United States’ includes 

16 the Commonwealth of the Northern Mariana Is17 lands. 

18 ‘‘(B) MIRROR CODE TAX SYSTEM.—For 

19 purposes of this subsection, the term ‘mirror 

20 code tax system’ means, with respect to any 

21 possession of the United States, the income tax 

22 system of such possession if the income tax li23 ability of the residents of such possession under 

24 such system is determined by reference to the 


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1 income tax laws of the United States as if such 

2 possession were the United States. 

3 ‘‘(C) TREATMENT OF PAYMENTS.—For 

4 purposes of section 1324(b)(2) of title 31, 

5 United States Code, the payments under this 

6 subsection shall be treated in the same manner 

7 as a refund due from the credit allowed under 

8 section 36A of the Internal Revenue Code of 

9 1986 (as added by this Act).’’. 

10 (j) CLERICAL AMENDMENTS.— 

11 (1) AMENDMENT RELATING TO SECTION

12 1131.—Paragraph (2) of section 45Q(d) is amended 

13 by striking ‘‘Administrator of the Environmental 

14 Protection Agency’’ and all that follows through 

15 ‘‘shall establish’’ and inserting ‘‘Administrator of the 

16 Environmental Protection Agency, the Secretary of 

17 Energy, and the Secretary of the Interior, shall es18 tablish’’. 

19 (2) AMENDMENT RELATING TO SECTION

20 1141.—Paragraph (37) of section 1016(a) is amend21 ed by striking ‘‘section 30D(e)(4)’’ and inserting 

22 ‘‘section 30D(f)(1)’’. 

23 (3) AMENDMENT RELATING TO SECTION

24 3001.—Subparagraph (A) of section 3001(a)(14) of 

25 the American Recovery and Reinvestment Act of 


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1 2009 is amended by striking ‘‘is amended by redes2 ignating paragraph (9) as paragraph (10)’’ and in3 serting ‘‘, as amended by this Act, is amended by re4 designating paragraphs (9) and (10) as paragraphs 

5 (10) and (11), respectively,’’. 

6 (k) EFFECTIVE DATE.—The amendments made by 

7 this section shall take effect as if included in the provisions 

8 of the American Recovery and Reinvestment Tax Act of 

9 2009 to which they relate. 

10 SEC. 10. AMENDMENTS RELATING TO ENERGY IMPROVE11 MENT AND EXTENSION ACT OF 2008. 

12 (a) AMENDMENT RELATING TO SECTION 108.—Sub13 paragraph (E) of section 45K(g)(2) is amended to read 

14 as follows: 

15 ‘‘(E) COORDINATION WITH SECTION 45.— 

16 No credit shall be allowed with respect to any 

17 coke or coke gas which is produced using steel 

18 industry fuel (as defined in section 45(c)(7)) as 

19 feedstock if a credit is allowed to any taxpayer 

20 under section 45 with respect to the production 

21 of such steel industry fuel.’’. 

22 (b) AMENDMENT RELATING TO SECTION 113.— 

23 Paragraph (1) of section 113(b) of the Energy Improve24 ment and Extension Act of 2008 is amended by adding 

25 at the end the following new subparagraph: 


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1 ‘‘(F) TRUST FUND.—The term ‘Trust 

2 Fund’ means the Black Lung Disability Trust 

3 Fund established under section 9501 of the In4 ternal Revenue Code of 1986.’’. 

5 (c) AMENDMENTS RELATING TO SECTION 306.— 

6 (1) Clause (ii) of section 168(i)(18)(A) is 

7 amended by striking ‘‘10 years’’ and inserting ‘‘16 

8 years’’. 

9 (2) Clause (ii) of section 168(i)(19)(A) is 

10 amended by striking ‘‘10 years’’ and inserting ‘‘16 

11 years’’. 

12 (d) AMENDMENT RELATING TO SECTION 308.— 

13 Clause (i) of section 168(m)(2)(B) is amended by striking 

14 ‘‘section 168(k)’’ and inserting ‘‘subsection (k) (deter15 mined without regard to paragraph (4) thereof)’’. 

16 (e) AMENDMENT RELATING TO SECTION 402.—Sub17 paragraph (A) of section 907(f)(4) is amended by striking 

18 ‘‘this subsection shall be applied’’ and all that follows 

19 through the period at the end and inserting the following: 

20 ‘‘this subsection, as in effect on the day before the date 

21 of the enactment of the Energy Improvement and Exten22 sion Act of 2008, shall apply to unused oil and gas extrac23 tion taxes carried from such unused credit year to a tax24 able year beginning after December 31, 2008.’’. 

25 (f) AMENDMENTS RELATING TO SECTION 403.— 


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1 (1) Subsection (c) of section 1012 is amend2 ed— 

3 (A) by striking ‘‘FUNDS’’ in the heading 

4 for paragraph (2) and inserting ‘‘REGULATED

5 INVESTMENT COMPANIES’’, 

6 (B) by striking ‘‘FUND’’ in the heading for 

7 paragraph (2)(B), and 

8 (C) by striking ‘‘fund’’ each place it ap9 pears in paragraph (2) and inserting ‘‘regulated 

10 investment company’’. 

11 (2) Paragraph (1) of section 1012(d) is amend12 ed— 

13 (A) by striking ‘‘December 31, 2010’’ and 

14 inserting ‘‘December 31, 2011’’, and 

15 (B) by striking ‘‘an open-end fund’’ and 

16 inserting ‘‘a regulated investment company’’. 

17 (3) Paragraph (3) of section 1012(d) is amend18 ed to read as follows: 

19 ‘‘(3) SEPARATE ACCOUNTS; ELECTION FOR

20 TREATMENT AS SINGLE ACCOUNT.— 

21 ‘‘(A) IN GENERAL.—Rules similar to the 

22 rules of subsection (c)(2) shall apply for pur23 poses of this subsection. 

24 ‘‘(B) AVERAGE BASIS METHOD.—Notwith25 standing paragraph (1), in the case of an elecVerDate Sep 11 2014 03:05 Sep 25, 2014 Jkt 039200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6201 E:\BILLS\H5528.IH H5528

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1 tion under rules similar to the rules of sub2 section (c)(2)(B) with respect to stock held in 

3 connection with a dividend reinvestment plan, 

4 the average basis method is permissible with re5 spect to all such stock without regard to the 

6 date of the acquisition of such stock.’’. 

7 (4) Subsection (g) of section 6045 is amended 

8 by adding at the end the following new paragraph: 

9 ‘‘(6) SPECIAL RULE FOR CERTAIN STOCK HELD

10 IN CONNECTION WITH DIVIDEND REINVESTMENT

11 PLAN.—For purposes of this subsection, stock ac12 quired before January 1, 2012, in connection with a 

13 dividend reinvestment plan shall be treated as stock 

14 described in clause (ii) of paragraph (3)(C) (unless 

15 the broker with respect to such stock elects not to 

16 have this paragraph apply with respect to such 

17 stock).’’. 

18 (g) CLERICAL AMENDMENTS.— 

19 (1) AMENDMENT RELATING TO SECTION 108.— 

20 Paragraph (2) of section 45(b) is amended by strik21 ing ‘‘$3 amount’’ and inserting ‘‘$2 amount’’. 

22 (2) AMENDMENT RELATING TO SECTION 306.— 

23 Paragraph (5) of section 168(b) is amended by 

24 striking ‘‘(2)(C)’’ and inserting ‘‘(2)(D)’’. 


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1 (h) EFFECTIVE DATE.—The amendments made by 

2 this section shall take effect as if included in the provisions 

3 of the Energy Improvement and Extension Act of 2008 

4 to which they relate. 

5 SEC. 11. AMENDMENTS RELATING TO TAX EXTENDERS AND 

6 ALTERNATIVE MINIMUM TAX RELIEF ACT OF 

7 2008. 

8 (a) AMENDMENT RELATING TO SECTION 208.—Sub9 section (b) of section 208 of the Tax Extenders and Alter10 native Minimum Tax Relief Act of 2008 is amended to 

11 read as follows: 

12 ‘‘(b) EFFECTIVE DATE.— 

13 ‘‘(1) IN GENERAL.—The amendment made by 

14 subsection (a) shall take effect on January 1, 2008. 

15 Notwithstanding the preceding sentence, such 

16 amendment shall not apply with respect to the with17 holding requirement under section 1445 of the Inter18 nal Revenue Code of 1986 for any payment made 

19 before October 4, 2008. 

20 ‘‘(2) AMOUNTS WITHHELD ON OR BEFORE

21 DATE OF ENACTMENT.—In the case of a regulated 

22 investment company— 

23 ‘‘(A) which makes a distribution after De24 cember 31, 2007, and before October 4, 2008, 

25 and 


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1 ‘‘(B) which would (but for the second sen2 tence of paragraph (1)) have been required to 

3 withhold with respect to such distribution under 

4 section 1445 of such Code, 

5 such investment company shall not be liable to any 

6 person to whom such distribution was made for any 

7 amount so withheld and paid over to the Secretary 

8 of the Treasury.’’. 

9 (b) AMENDMENTS RELATING TO SECTION 305.— 

10 Paragraphs (7)(B) and (8)(D) of section 168(e) are each 

11 amended by inserting ‘‘which is not qualified leasehold im12 provement property’’ after ‘‘Property described in this 

13 paragraph’’. 

14 (c) CLERICAL AMENDMENTS.— 

15 (1) AMENDMENTS RELATING TO SECTION

16 706.— 

17 (A) Paragraph (2) of section 1033(h) is 

18 amended by inserting ‘‘is’’ before 

19 ‘‘compulsorily’’. 

20 (B) Subclause (II) of section 

21 172(b)(1)(F)(ii) is amended by striking ‘‘sub22 section (h)(3)(C)(i)’’ and inserting ‘‘section 

23 165(h)(3)(C)(i)’’. 


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1 (C) The heading for paragraph (1) of sec2 tion 165(h) is amended by striking ‘‘$100’’ and 

3 inserting ‘‘DOLLAR’’. 

4 (2) AMENDMENT RELATING TO SECTION 709.— 

5 Subsection (k) of section 143 is amended by redesig6 nating the second paragraph (12) (relating to special 

7 rules for residences destroyed in Federally declared 

8 disasters) as paragraph (13). 

9 (3) AMENDMENT RELATING TO SECTION 712.— 

10 Section 712 of the Tax Extenders and Alternative 

11 Minimum Tax Relief Act of 2008 is amended by 

12 striking ‘‘section 702(c)(1)(A)’’ and inserting ‘‘sec13 tion 702(b)(1)(A)’’. 

14 (d) EFFECTIVE DATE.—The amendments made by 

15 this section shall take effect as if included in the provisions 

16 of the Tax Extenders and Alternative Minimum Tax Relief 

17 Act of 2008 to which they relate. 

18 SEC. 12. CLERICAL AMENDMENTS RELATING TO HOUSING 

19 ASSISTANCE TAX ACT OF 2008. 

20 (a) AMENDMENT RELATING TO SECTION 3002.— 

21 Paragraph (1) of section 42(b) is amended by striking 

22 ‘‘For purposes of this section, the term’’ and inserting the 

23 following: ‘‘For purposes of this section— 

24 ‘‘(A) IN GENERAL.—The term’’. 


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1 (b) AMENDMENT RELATING TO SECTION 3081.— 

2 Clause (iv) of section 168(k)(4)(E) is amended by striking 

3 ‘‘adjusted minimum tax’’ and inserting ‘‘adjusted net min4 imum tax’’. 

5 (c) AMENDMENT RELATING TO SECTION 3092.— 

6 Subsection (b) of section 121 is amended by redesignating 

7 the second paragraph (4) (relating to exclusion of gain al8 located to nonqualified use) as paragraph (5). 

9 (d) EFFECTIVE DATE.—The amendments made by 

10 this section shall take effect as if included in the provisions 

11 of the Housing Assistance Tax Act of 2008 to which they 

12 relate. 

13 SEC. 13. AMENDMENTS AND PROVISION RELATING TO HE14 ROES EARNINGS ASSISTANCE AND RELIEF 

15 TAX ACT OF 2008. 

16 (a) AMENDMENT RELATING TO SECTION 106.— 

17 Paragraph (2) of section 106(c) of the Heroes Earnings 

18 Assistance and Relief Tax Act of 2008 is amended by 

19 striking ‘‘substituting for’’ and inserting ‘‘substituting 

20 ‘June 17, 2008’ for’’. 

21 (b) AMENDMENT RELATING TO SECTION 114.— 

22 Paragraph (1) of section 125(h) is amended by inserting 

23 ‘‘(and shall not fail to be treated as an accident or health 

24 plan)’’ before ‘‘merely’’. 

25 (c) CLERICAL AMENDMENTS.— 


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1 (1) AMENDMENT RELATING TO SECTION 110.— 

2 Subparagraph (B) of section 121(d)(12) is amended 

3 by inserting ‘‘of paragraph (9)’’ after ‘‘and (D)’’. 

4 (2) AMENDMENT RELATING TO SECTION 301.— 

5 Paragraph (2) of section 877(e) is amended by strik6 ing ‘‘subparagraph (A) or (B) of’’. 

7 (d) EFFECTIVE DATE.—The amendments made by 

8 this section shall take effect as if included in the provisions 

9 of the Heroes Earnings Assistance and Relief Tax Act of 

10 2008 to which they relate. 

11 SEC. 14. AMENDMENTS RELATING TO ECONOMIC STIMULUS 

12 ACT OF 2008. 

13 (a) AMENDMENTS RELATING TO SECTION 101.— 

14 Paragraph (2) of section 6213(g) is amended— 

15 (1) by striking ‘‘32, or 6428’’ in subparagraph 

16 (L) and inserting ‘‘or 32’’, and 

17 (2) by striking ‘‘and’’ at the end of subpara18 graph (O), by striking the period at the end of sub19 paragraph (P) and inserting ‘‘, and’’, and by insert20 ing after subparagraph (P) the following new sub21 paragraph: 

22 ‘‘(Q) an omission of a correct valid identi23 fication number required under section 6428(h) 

24 (relating to 2008 recovery rebates for individ25 uals) to be included on a return.’’. 


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1 (b) CLERICAL AMENDMENT RELATING TO SECTION

2 103.—Subclause (IV) of section 168(k)(2)(B)(i) is amend3 ed by striking ‘‘clauses also apply’’ and inserting ‘‘clause 

4 also applies’’. 

5 (c) EFFECTIVE DATE.—The amendments made by 

6 this section shall take effect as if included in the provisions 

7 of the Economic Stimulus Act of 2008 to which they re8 late. 

9 SEC. 15. AMENDMENTS RELATING TO TAX TECHNICAL COR10 RECTIONS ACT OF 2007. 

11 (a) AMENDMENT RELATING TO SECTION 4(c).— 

12 Paragraph (1) of section 911(f) is amended by adding at 

13 the end the following flush sentence: 

14 ‘‘For purposes of this paragraph, the amount ex15 cluded under subsection (a) shall be reduced by the 

16 aggregate amount of any deductions or exclusions 

17 disallowed under subsection (d)(6) with respect to 

18 such excluded amount.’’. 

19 (b) CLERICAL AMENDMENT RELATING TO SECTION

20 11(g).—Clause (iv) of section 56(g)(4)(C) is amended by 

21 striking ‘‘a cooperative described in section 927(a)(4)’’ 

22 and inserting ‘‘an organization to which part I of sub23 chapter T (relating to tax treatment of cooperatives) ap24 plies which is engaged in the marketing of agricultural or 

25 horticultural products’’. 


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1 (c) EFFECTIVE DATE.—The amendments made by 

2 this section shall take effect as if included in the provisions 

3 of the Tax Technical Corrections Act of 2007 to which 

4 they relate. 

5 SEC. 16. AMENDMENT RELATING TO TAX RELIEF AND 

6 HEALTH CARE ACT OF 2006. 

7 (a) AMENDMENT RELATING TO SECTION 105.—Sub8 paragraph (B) of section 45A(b)(1) is amended by adding 

9 at the end the following: ‘‘If any portion of wages are 

10 taken into account under subsection (e)(1)(A) of section 

11 51, the preceding sentence shall be applied by substituting 

12 ‘2-year period’ for ‘1-year period’.’’. 

13 (b) EFFECTIVE DATE.—The amendment made by 

14 this section shall take effect as if included in the provision 

15 of the Tax Relief and Health Care Act of 2006 to which 

16 it relates. 

17 SEC. 17. AMENDMENT RELATING TO SAFE, ACCOUNTABLE, 

18 FLEXIBLE, EFFICIENT TRANSPORTATION EQ19 UITY ACT OF 2005: A LEGACY FOR USERS. 

20 (a) AMENDMENT RELATING TO SECTION 11161.— 

21 Paragraph (1) of section 9503(b) is amended by inserting 

22 before the period at the end the following: ‘‘and taxes re23 ceived under section 4081 shall be determined without re24 gard to tax receipts attributable to the rate specified in 

25 section 4081(a)(2)(C)’’. 


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1 (b) EFFECTIVE DATE.—The amendment made by 

2 this section shall take effect as if included in the provision 

3 of the Safe, Accountable, Flexible, Efficient Transpor4 tation Equity Act of 2005: A Legacy for Users to which 

5 it relates. 

6 SEC. 18. AMENDMENTS RELATING TO ENERGY TAX INCEN7 TIVES ACT OF 2005. 

8 (a) AMENDMENT RELATING TO SECTION 1341.— 

9 Subparagraph (B) of section 30B(h)(5) is amended by in10 serting ‘‘(determined without regard to subsection (g))’’ 

11 before the period at the end. 

12 (b) AMENDMENT RELATING TO SECTION 1342.— 

13 Paragraph (1) of section 30C(e) is amended to read as 

14 follows: 

15 ‘‘(1) REDUCTION IN BASIS.—For purposes of 

16 this subtitle, the basis of any property for which a 

17 credit is allowable under subsection (a) shall be re18 duced by the amount of such credit so allowed (de19 termined without regard to subsection (d)).’’. 

20 (c) EFFECTIVE DATE.—The amendments made by 

21 this section shall take effect as if included in the provision 

22 of the Energy Tax Incentives Act of 2005 to which it re23 lates. 


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1 SEC. 19. AMENDMENTS RELATING TO AMERICAN JOBS CRE2 ATION ACT OF 2004. 

3 (a) AMENDMENT RELATING TO SECTION 101.—Sub4 section (d) of section 101 of the American Jobs Creation 

5 Act of 2004 is amended by adding at the end the following 

6 new paragraph: 

7 ‘‘(3) COORDINATION WITH SECTION 199.—This 

8 subsection shall be applied without regard to any de9 duction allowable under section 199.’’. 

10 (b) AMENDMENTS RELATING TO SECTION 102.— 

11 Paragraph (3) of section 199(b) is amended— 

12 (1) by inserting ‘‘of a short taxable year or’’ 

13 after ‘‘in cases’’, and 

14 (2) by striking ‘‘AND DISPOSITIONS’’ and insert15 ing ‘‘, DISPOSITIONS, AND SHORT TAXABLE YEARS’’. 

16 (c) CLERICAL AMENDMENT RELATING TO SECTION

17 413.—Paragraph (7) of section 904(h) is amended by 

18 striking ‘‘as ordinary income under section 1246 or’’. 

19 (d) EFFECTIVE DATE.—The amendments made by 

20 this section shall take effect as if included in the provision 

21 of the American Jobs Creation Act of 2004 to which they 

22 relate. 

23 SEC. 20. OTHER CLERICAL CORRECTIONS. 

24 (a) Paragraph (8) of section 30B(h) is amended by 

25 striking ‘‘vehicle)., except that’’ and inserting ‘‘vehicle), 

26 except that’’. 


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1 (b) Subparagraph (A) of section 38(c)(2) is amended 

2 by striking ‘‘credit credit’’ and inserting ‘‘credit’’. 

3 (c) Section 46 is amended by adding a comma at the 

4 end of paragraph (4). 

5 (d) Subparagraph (E) of section 50(a)(2) is amended 

6 by inserting ‘‘, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 

7 48D(b)(4)’’ after ‘‘under section 48(b)’’. 

8 (e) Clause (i) of section 54A(d)(2)(A) is amended by 

9 striking ‘‘100 percent or more’’ and inserting ‘‘100 per10 cent’’. 

11 (f) Paragraph (2) of section 125(b) is amended by 

12 striking ‘‘statutory nontaxable benefits’’ each place it ap13 pears and inserting ‘‘qualified benefits’’. 

14 (g) Paragraph (2) of section 125(h) is amended by 

15 striking ‘‘means, any’’ and inserting ‘‘means any’’. 

16 (h) Subparagraph (F) of section 163(h)(4) is amend17 ed by striking ‘‘Veterans Administration or the Rural 

18 Housing Administration’’ and inserting ‘‘Department of 

19 Veterans Affairs or the Rural Housing Service’’. 

20 (i) Subsection (a) of section 249 is amended by strik21 ing ‘‘1563(a)(1)’’ and inserting ‘‘1563(a)(1))’’. 

22 (j) Paragraphs (8) and (10) of section 280F(d) are 

23 each amended by striking ‘‘subsection (a)(2)’’ and insert24 ing ‘‘subsection (a)(1)’’. 


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1 (k) Clause (iii) of section 402A(c)(4)(E) is amended 

2 by striking ‘‘403(b)(7)(A)(i)’’ and inserting 

3 ‘‘403(b)(7)(A)(ii)’’. 

4 (l) Section 527 is amended— 

5 (1) by striking ‘‘(2 U.S.C. 432(e))’’ in sub6 section (h)(2)(A)(i) and inserting ‘‘(52 U.S.C. 

7 30102(e))’’, and 

8 (2) by striking ‘‘(2 U.S.C. 431 et seq.)’’ in sub9 sections (i)(6) and (j)(5)(A) and inserting ‘‘(52 

10 U.S.C. 30101 et seq.)’’. 

11 (m) Subsection (b) of section 858 is amended by 

12 striking ‘‘857(b)(8)’’ and inserting ‘‘857(b)(9)’’. 

13 (n) Subparagraph (A) of section 1012(c)(2) is 

14 amended by striking ‘‘section 1012’’ and inserting ‘‘this 

15 section’’. 

16 (o) The heading for section 1394(f) is amended by 

17 striking ‘‘DESIGNATED UNDER SECTION 1391(g)’’. 

18 (p) Paragraphs (1) and (2)(A) of section 1394(f) are 

19 each amended by striking ‘‘a new empowerment zone facil20 ity bond’’ and inserting ‘‘an empowerment zone facility 

21 bond’’. 

22 (q) Clause (i) of section 1400N(c)(3)(A) is amended 

23 by striking ‘‘section 42(d)(5)(C)(iii)’’ and inserting ‘‘sec24 tion 42(d)(5)(B)(iii)’’. 


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1 (r) Subsections (e)(3)(B) and (f)(7)(B) of section 

2 4943 are each amended by striking ‘‘January 1, 1970’’ 

3 and inserting ‘‘January 1, 1971’’. 

4 (s) Paragraph (2) of section 4982(f) is amended by 

5 adding a comma at the end. 

6 (t) Paragraph (3) of section 6011(e) is amended by 

7 striking ‘‘shall require than’’ and inserting ‘‘shall require 

8 that’’. 

9 (u) Subsection (b) of section 6072 is amended by 

10 striking ‘‘6011(e)(2)’’ and inserting ‘‘6011(c)(2)’’. 

11 (v) Subsection (d) of section 6104 is amended by re12 designating the second paragraph (6) (relating to disclo13 sure of reports by the Internal Revenue Service) and third 

14 paragraph (6) (relating to application to nonexempt chari15 table trusts and nonexempt private foundations) as para16 graphs (7) and (8), respectively. 

17 (w) Subsection (c) of section 6662A is amended by 

18 striking ‘‘section 6664(d)(2)(A)’’ and inserting ‘‘section 

19 6664(d)(3)(A)’’. 

20 (x) Subparagraph (FF) of section 6724(d)(2) is 

21 amended by striking ‘‘section 6050W(c)’’ and inserting 

22 ‘‘section 6050W(f)’’. 

23 (y) Subsection (a) of section 9035 is amended by 

24 striking ‘‘section 320(b)(1)(A)’’ and inserting 

25 ‘‘315(b)(1)(A)’’. 


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1 (z) Section 9802 is amended by redesignating the sec2 ond subsection (f) (relating to genetic information of a 

3 fetus or embryo) as subsection (g). 

4 (aa) Paragraph (3) of section 13(e) of the Worker, 

5 Homeownership, and Business Assistance Act of 2009 is 

6 amended by striking ‘‘subsection (d)’’ and inserting ‘‘sub7 section (c)’’. 

8 SEC. 21. DEADWOOD PROVISIONS. 

9 (a) IN GENERAL.— 

10 (1) ADJUSTMENTS IN TAX TABLES SO THAT IN11 FLATION WILL NOT RESULT IN TAX INCREASES.— 

12 Paragraph (7) of section 1(f) is amended to read as 

13 follows: 

14 ‘‘(7) SPECIAL RULE FOR CERTAIN BRACKETS.— 

15 In prescribing tables under paragraph (1) which 

16 apply to taxable years beginning in a calendar year 

17 after 1994, the cost-of-living adjustment used in 

18 making adjustments to the dollar amounts at which 

19 the 36 percent rate bracket begins or at which the 

20 39.6 percent rate bracket begins shall be determined 

21 under paragraph (3) by substituting ‘1993’ for 

22 ‘1992’.’’. 

23 (2) CERTAIN PLUG-IN ELECTRIC VEHICLES.— 

24 (A) Subpart B of part IV of subchapter A 

25 of chapter 1 is amended by striking section 30 


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1 (and by striking the item relating to such sec2 tion in the table of sections for such subpart). 

3 (B) Subsection (b) of section 38, as 

4 amended by section 9(f)(1) of this Act, is 

5 amended by inserting ‘‘plus’’ at the end of 

6 paragraph (35), by striking paragraph (36), 

7 and by redesignating paragraph (37) as para8 graph (36). 

9 (C) Subclause (VI) of section 

10 48C(c)(1)(A)(i) is amended by striking ‘‘, quali11 fied plug-in electric vehicles (as defined by sec12 tion 30(d)),’’. 

13 (D) Section 1016(a) is amended by strik14 ing paragraph (25). 

15 (E) Section 6501(m) is amended by strik16 ing ‘‘section 30(e)(6),’’. 

17 (3) EARNED INCOME CREDIT.— 

18 (A) Paragraph (1) of section 32(b) is 

19 amended— 

20 (i) by striking subparagraphs (B) and 

21 (C), and 

22 (ii) by striking ‘‘(a) IN GENERAL.—In 

23 the case of taxable years beginning after 

24 1995:’’ in subparagraph (A) and moving 

25 the table 2 ems to the left. 


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1 (B) Subparagraph (B) of section 32(b)(2) 

2 is amended by striking ‘‘increased by’’ and all 

3 that follows and inserting ‘‘increased by 

4 $3,000.’’. 

5 (4) FIRST-TIME HOMEBUYER CREDIT.—Section 

6 6213(g)(2), as amended by section 14(a)(2), is 

7 amended by striking subparagraph (P). 

8 (5) MAKING WORK PAY CREDIT.— 

9 (A) Subpart C of part IV of subchapter A 

10 of chapter 1 is amended by striking section 36A 

11 (and by striking the item relating to such sec12 tion in the table of sections for such subpart). 

13 (B) Subparagraph (A) of section 

14 6211(b)(4) is amended by striking ‘‘, 36A’’. 

15 (C) Section 6213(g)(2) is amended by 

16 striking subparagraph (N). 

17 (6) GENERAL BUSINESS CREDITS.—Subsection 

18 (d) of section 38 is amended by striking paragraph 

19 (3). 

20 (7) LOW-INCOME HOUSING CREDIT.—Subclause 

21 (I) of section 42(h)(3)(C)(ii) is amended by striking 

22 ‘‘($1.50 for 2001)’’. 

23 (8) MINIMUM TAX CREDIT.— 

24 (A)(i) Section 53 is amended by striking 

25 subsections (e) and (f). 


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1 (ii) The amendment made by clause (i) 

2 striking subsection (f) of section 53 of the In3 ternal Revenue Code of 1986 shall not be con4 strued to allow any tax abated by reason of sec5 tion 53(f)(1) of such Code (as in effect before 

6 such amendment) to be included in the amount 

7 determined under section 53(b)(1) of such 

8 Code. 

9 (B) Paragraph (4) of section 6211(b)(4) is 

10 amended by striking ‘‘, 53(e)’’. 

11 (9) ADJUSTMENTS BASED ON ADJUSTED CUR12 RENT EARNINGS.—Clause (ii) of section 56(g)(4)(F) 

13 is amended by striking ‘‘In the case of any taxable 

14 year beginning after December 31, 1992, clause’’ 

15 and inserting ‘‘Clause’’. 

16 (10) ITEMS OF TAX PREFERENCE; DEPLE17 TION.—Paragraph (1) of section 57(a) is amended 

18 by striking ‘‘Effective with respect to taxable years 

19 beginning after December 31, 1992, this’’ and in20 serting ‘‘This’’. 

21 (11) INTANGIBLE DRILLING COSTS.— 

22 (A) Clause (i) of section 57(a)(2)(E) is 

23 amended by striking ‘‘In the case of any taxable 

24 year beginning after December 31, 1992, this’’ 

25 and inserting ‘‘This’’. 


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1 (B) Clause (ii) of section 57(a)(2)(E) is 

2 amended by striking ‘‘(30 percent in the case of 

3 taxable years beginning in 1993)’’. 

4 (12) ENVIRONMENTAL TAX.— 

5 (A) Subchapter A of chapter 1 is amended 

6 by striking part VII (and by striking the item 

7 relating to such part in the table of parts for 

8 such subchapter). 

9 (B) Paragraph (2) of section 26(b) is 

10 amended by striking subparagraph (B). 

11 (C) Section 30A(c) is amended by striking 

12 paragraph (1) and by redesignating paragraphs 

13 (2), (3), and (4) as paragraphs (1), (2), and 

14 (3), respectively. 

15 (D) Subsection (a) of section 164 is 

16 amended by striking paragraph (5). 

17 (E) Section 275(a) is amended by striking 

18 the last sentence. 

19 (F) Section 882(a)(1) is amended by strik20 ing ‘‘, 59A’’. 

21 (G) Section 936(a)(3) is amended by strik22 ing subparagraph (A) and by redesignating sub23 paragraphs (B), (C), and (D) as subparagraphs 

24 (A), (B), and (C), respectively. 

25 (H) Section 1561(a) is amended— 


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1 (i) by inserting ‘‘and’’ at the end of 

2 paragraph (2), by striking ‘‘, and’’ at the 

3 end of paragraph (3) and inserting a pe4 riod, and by striking paragraph (4), and 

5 (ii) by striking ‘‘, the amount speci6 fied in paragraph (3), and the amount 

7 specified in paragraph (4)’’ and inserting 

8 ‘‘and the amount specified in paragraph 

9 (3)’’. 

10 (I) Section 4611(e) is amended— 

11 (i) by striking ‘‘section 59A, this sec12 tion,’’ in paragraph (2)(B) and inserting 

13 ‘‘this section’’, and 

14 (ii) in paragraph (3)(A)— 

15 (I) by striking ‘‘section 59A,’’, 

16 and 

17 (II) by striking the comma after 

18 ‘‘rate)’’. 

19 (J) Section 6425(c)(1)(A) is amended by 

20 inserting ‘‘plus’’ at end of clause (i), by striking 

21 ‘‘plus’’ and inserting ‘‘over’’ at the end of 

22 clause (ii), and by striking clause (iii). 

23 (K) Section 6655 is amended— 

24 (i) in subsection (e)(2)(A)(i) and 

25 (e)(2)(B)(i), by striking ‘‘taxable income, 


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1 alternative minimum taxable income, and 

2 modified alternative minimum taxable in3 come’’ and inserting ‘‘taxable income and 

4 alternative minimum taxable income’’, 

5 (ii) in subsection (e)(2)(B), by strik6 ing clause (iii), and 

7 (iii) in subsection (g)(1)(A), by insert8 ing ‘‘plus’’ at the end of clause (ii), by 

9 striking clause (iii), and by redesignating 

10 clause (iv) as clause (iii). 

11 (L) Section 9507(b)(1) is amended by 

12 striking ‘‘59A,’’. 

13 (13) STANDARD DEDUCTION.— 

14 (A) So much of paragraph (1) of section 

15 63(c) as follows ‘‘the sum of—’’ is amended to 

16 read as follows: 

17 ‘‘(A) the basic standard deduction, and 

18 ‘‘(B) the additional standard deduction.’’. 

19 (B) Subsection (e) of section 63 is amend20 ed by striking paragraphs (7), (8), and (9). 

21 (14) ANNUITIES; CERTAIN PROCEEDS OF EN22 DOWMENT AND LIFE INSURANCE CONTRACTS.—Sec23 tion 72 is amended— 

24 (A) in subsection (c)(4), by striking ‘‘; ex25 cept that if such date was before January 1, 


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1 1954, then the annuity starting date is January 

2 1, 1954’’, and 

3 (B) in subsection (g)(3), by striking ‘‘Jan4 uary 1, 1954, or’’ and ‘‘, whichever is later’’. 

5 (15) UNEMPLOYMENT COMPENSATION.—Sec6 tion 85 is amended by striking subsection (c). 

7 (16) ACCIDENT AND HEALTH PLANS.—Section 

8 105(f) is amended by striking ‘‘or (d)’’. 

9 (17) FLEXIBLE SPENDING ARRANGEMENTS.— 

10 Section 106(c)(1) is amended by striking ‘‘Effective 

11 on and after January 1, 1997, gross’’ and inserting 

12 ‘‘Gross’’. 

13 (18) CERTAIN COMBAT ZONE COMPENSATION

14 OF MEMBERS OF THE ARMED FORCES.—Subsection 

15 (c) of section 112 is amended— 

16 (A) by striking ‘‘(after June 24, 1950)’’ in 

17 paragraph (2), and 

18 (B) by striking ‘‘such zone;’’ and all that 

19 follows in paragraph (3) and inserting ‘‘such 

20 zone.’’. 

21 (19) LEGAL SERVICE PLANS.— 

22 (A) Part III of subchapter B of chapter 1 

23 is amended by striking section 120 (and by 

24 striking the item relating to such section in the 

25 table of sections for such subpart). 


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1 (B)(i) Section 414(n)(3)(C) is amended by 

2 striking ‘‘120,’’. 

3 (ii) Section 414(t)(2) is amended by strik4 ing ‘‘120,’’. 

5 (iii) Section 501(c) is amended by striking 

6 paragraph (20). 

7 (iv) Section 3121(a) is amended by strik8 ing paragraph (17). 

9 (v) Section 3231(e) is amended by striking 

10 paragraph (7). 

11 (vi) Section 3306(b) is amended by strik12 ing paragraph (12). 

13 (vii) Section 6039D(d)(1) is amended by 

14 striking ‘‘120,’’. 

15 (viii) Section 209(a)(14) of the Social Se16 curity Act is amended— 

17 (I) by striking subparagraph (B), and 

18 (II) by striking ‘‘(14)(A)’’ and insert19 ing ‘‘(14)’’. 

20 (20) PRINCIPAL RESIDENCE.—Section 

21 121(b)(3) is amended— 

22 (A) by striking subparagraph (B), and 

23 (B) in subparagraph (A), by striking ‘‘(A) 

24 IN GENERAL.—’’ and moving the text 2 ems to 

25 the left. 


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1 (21) CERTAIN REDUCED UNIFORMED SERVICES

2 RETIREMENT PAY.—Section 122(b)(1) is amended 

3 by striking ‘‘after December 31, 1965,’’. 

4 (22) GREAT PLAINS CONSERVATION PRO5 GRAM.—Section 126(a) is amended by striking para6 graph (6) and by redesignating paragraphs (7), (8), 

7 (9), and (10) as paragraphs (6), (7), (8), and (9), 

8 respectively. 

9 (23) BENEFITS PROVIDED TO VOLUNTEER

10 FIREFIGHTERS AND EMERGENCY MEDICAL RE11 SPONDERS.— 

12 (A) Part III of subchapter B of chapter 1 

13 is amended by striking section 139B (and by 

14 striking the item relating to such section in the 

15 table of sections for such part). 

16 (B) Section 3121(a) is amended— 

17 (i) by adding ‘‘or’’ at the end of para18 graph (21), 

19 (ii) by striking ‘‘; or’’ at the end of 

20 paragraph (22) and inserting a period, and 

21 (iii) by striking paragraph (23). 

22 (C) Section 3306(b) is amended— 

23 (i) by adding ‘‘or’’ at the end of para24 graph (18), 


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1 (ii) by striking ‘‘; or’’ at the end of 

2 paragraph (19) and inserting a period, and 

3 (iii) by striking paragraph (20). 

4 (D) Section 3401(a) is amended— 

5 (i) by adding ‘‘or’’ at the end of para6 graph (21), 

7 (ii) by striking ‘‘; or’’ at the end of 

8 paragraph (22) and inserting a period, and 

9 (iii) by striking paragraph (23). 

10 (24) TREBLE DAMAGE PAYMENTS UNDER THE

11 ANTITRUST LAW.—Section 162(g) is amended by 

12 striking the last sentence. 

13 (25) STATE LEGISLATORS’ TRAVEL EXPENSES

14 AWAY FROM HOME.—Paragraph (4) of section 

15 162(h) is amended by striking ‘‘For taxable years 

16 beginning after December 31, 1980, this’’ and in17 serting ‘‘This’’. 

18 (26) INTEREST.— 

19 (A) Section 163 is amended— 

20 (i) by striking paragraph (6) of sub21 section (d), and 

22 (ii) by striking paragraph (5) of sub23 section (h). 

24 (B) Section 56(b)(1)(C) is amended by 

25 striking clause (ii) and by redesignating clauses 


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1 (iii), (iv), and (v) as clauses (ii), (iii), and (iv), 

2 respectively. 

3 (27) QUALIFIED MOTOR VEHICLE TAXES.—Sec4 tion 164, as amended by section 9(c) of this Act, is 

5 amended by striking subsections (a)(6) and (b)(6). 

6 (28) DISASTER LOSSES.— 

7 (A) Subsection (h) of section 165 is 

8 amended by striking paragraph (3) and by re9 designating paragraphs (4) and (5) as para10 graphs (3) and (4), respectively. 

11 (B) Paragraph (3) of section 165(h), as so 

12 redesignated, is amended by striking ‘‘para13 graphs (2) and (3)’’ and inserting ‘‘paragraph 

14 (2)’’. 

15 (C) Subsection (i) of section 165 is amend16 ed— 

17 (i) in paragraph (1)— 

18 (I) by striking ‘‘(as defined by 

19 clause (ii) of subsection (h)(3)(C))’’, 

20 and 

21 (II) by striking ‘‘(as defined by 

22 clause (i) of such subsection)’’, 

23 (ii) by striking ‘‘(as defined by sub24 section (h)(3)(C)(i)’’ in paragraph (4), and 


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1 (iii) by adding at the end the fol2 lowing new paragraph: 

3 ‘‘(5) FEDERALLY DECLARED DISASTERS.—For 

4 purposes of this subsection— 

5 ‘‘(A) IN GENERAL.—The term ‘Federally 

6 declared disaster’ means any disaster subse7 quently determined by the President of the 

8 United States to warrant assistance by the Fed9 eral Government under the Robert T. Stafford 

10 Disaster Relief and Emergency Assistance Act. 

11 ‘‘(B) DISASTER AREA.—The term ‘disaster 

12 area’ means the area so determined to warrant 

13 such assistance.’’. 

14 (D) Section 1033(h)(3) is amended by 

15 striking ‘‘section 165(h)(3)(C)’’ and inserting 

16 ‘‘section 165(i)(5)’’. 

17 (29) CHARITABLE, ETC., CONTRIBUTIONS AND

18 GIFTS.—Section 170 is amended— 

19 (A) by striking paragraph (3) of subsection 

20 (b), 

21 (B) by striking paragraph (6) of sub22 section (e), and 

23 (C) by striking subsection (k). 

24 (30) AMORTIZABLE BOND PREMIUM.— 


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1 (A) Subparagraph (B) of section 171(b)(1) 

2 is amended to read as follows: 

3 ‘‘(B)(i) with reference to the amount pay4 able on maturity (or if it results in a smaller 

5 amortizable bond premium attributable to the 

6 period before the call date, with reference to the 

7 amount payable on the earlier call date), in the 

8 case of a bond described in subsection (a)(1), 

9 and 

10 ‘‘(ii) with reference to the amount payable 

11 on maturity or on an earlier call date, in the 

12 case of a bond described in subsection (a)(2).’’. 

13 (B) Paragraphs (2) and (3)(B) of section 

14 171(b) are each amended by striking ‘‘para15 graph (1)(B)(ii)’’ and inserting ‘‘paragraph 

16 (1)(B)(i)’’. 

17 (31) NET OPERATING LOSS CARRYBACKS, 

18 CARRYOVERS, AND CARRYFORWARDS.— 

19 (A) Section 172, as amended by section 

20 11(c)(1)(B) of this Act, is amended— 

21 (i) by striking subparagraphs (D), 

22 (H), (I), and (J) of subsection (b)(1) and 

23 by redesignating subparagraphs (E), (F), 

24 and (G) as subparagraphs (D), (E), and 

25 (F), respectively, and 


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1 (ii) by striking subsections (g) and (j) 

2 and by redesignating subsections (h), (i), 

3 and (k) as subsections (g), (h), and (i), re4 spectively. 

5 (B) Each of the following provisions of sec6 tion 172 (as amended by section 11(c)(1)(B) 

7 and as redesignated by subparagraph (A)) are 

8 amended as follows: 

9 (i) By striking ‘‘ending after August 

10 2, 1989’’ in subsection (b)(1)(D)(i)(II). 

11 (ii) By striking ‘‘subsection (h)’’ in 

12 subsection (b)(1)(D)(ii) and inserting 

13 ‘‘subsection (g)’’. 

14 (iii) By striking ‘‘section 

15 165(h)(3)(C)(i)’’ in subsection 

16 (b)(1)(E)(ii)(II) and inserting ‘‘section 

17 165(i)(5)’’. 

18 (iv) By striking ‘‘subsection (i)’’ and 

19 all that follows in the last sentence of sub20 section (b)(1)(E)(ii) and inserting ‘‘sub21 section (h)).’’. 

22 (v) By striking ‘‘subsection (i)’’ in 

23 subsection (b)(1)(F) and inserting ‘‘sub24 section (h)’’. 


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1 (vi) By striking subparagraph (F) of 

2 paragraph (2) of subsection (g). 

3 (vii) By striking ‘‘subsection 

4 (b)(1)(E)’’ each place it appears in sub5 section (g)(4) and inserting ‘‘subsection 

6 (b)(1)(D)’’. 

7 (viii) By striking the last sentence of 

8 subsection (h)(1). 

9 (ix) By striking ‘‘subsection 

10 (b)(1)(G)’’ each place it appears in sub11 section (h)(3) and inserting ‘‘subsection 

12 (b)(1)(F)’’. 

13 (C) Paragraph (5) of section 382(l) is 

14 amended by striking subparagraph (F) and by 

15 redesignating subparagraphs (G) and (H) as 

16 subparagraphs (F) and (G), respectively. 

17 (32) RESEARCH AND EXPERIMENTAL EXPENDI18 TURES.—Subparagraph (A) of section 174(a)(2) is 

19 amended to read as follows: 

20 ‘‘(I) WITHOUT CONSENT.—A taxpayer 

21 may, without the consent of the Secretary, 

22 adopt the method provided in this subsection 

23 for his first taxable year for which expenditures 

24 described in paragraph (1) are paid or in25 curred.’’. 


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1 (33) AMORTIZATION OF CERTAIN RESEARCH

2 AND EXPERIMENTAL EXPENDITURES.—Paragraph 

3 (2) of section 174(b) is amended by striking ‘‘begin4 ning after December 31, 1953’’. 

5 (34) SOIL AND WATER CONSERVATION EXPEND6 ITURES.—Paragraph (1) of section 175(d) is amend7 ed to read as follows: 

8 ‘‘(1) WITHOUT CONSENT.—A taxpayer may, 

9 without the consent of the Secretary, adopt the 

10 method provided in this section for the taxpayer’s 

11 first taxable year for which expenditures described in 

12 subsection (a) are paid or incurred.’’. 

13 (35) CLEAN-FUEL VEHICLES.— 

14 (A) Part VI of subchapter A of chapter 1 

15 is amended by striking section 179A (and by 

16 striking the item relating to such section in the 

17 table of sections for such part). 

18 (B) Section 30C(e) is amended by adding 

19 at the end the following: 

20 ‘‘(7) REFERENCE.—For purposes of this sec21 tion, any reference to section 179A shall be treated 

22 as a reference to such section as in effect imme23 diately before its repeal.’’. 

24 (C) Section 62(a) is amended by striking 

25 paragraph (14). 


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1 (D) Section 263(a)(1) is amended by strik2 ing subparagraph (H). 

3 (E) Section 280F(a)(1) is amended by 

4 striking subparagraph (C). 

5 (F) Section 312(k)(3) is amended by strik6 ing ‘‘179A,’’ each place it appears. 

7 (G) Section 1016(a) is amended by strik8 ing paragraph (24). 

9 (H) Section 1245(a) is amended by strik10 ing ‘‘179A,’’ each place it appears in para11 graphs (2)(C) and (3)(C). 

12 (36) QUALIFIED DISASTER EXPENSES.—Part 

13 VI of subchapter A of chapter 1 is amended by 

14 striking section 198A (and by striking the item re15 lating to such section in the table of sections for 

16 such part). 

17 (37) ACTIVITIES NOT ENGAGED IN FOR PROF18 IT.—Section 183(e)(1) is amended by striking the 

19 last sentence. 

20 (38) DOMESTIC PRODUCTION ACTIVITIES.— 

21 (A) Subsection (a) of section 199 is 

22 amended by striking paragraph (2) and by 

23 striking ‘‘IN GENERAL.—’’, by redesignating 

24 subparagraphs (A) and (B) of paragraph (1) as 

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1 graphs (1) and (2) (as so redesignated) 2 ems 

2 to the left. 

3 (B) Paragraphs (2) and (6)(B) of section 

4 199(d) are each amended by striking 

5 ‘‘(a)(1)(B)’’ and inserting ‘‘(a)(2)’’. 

6 (39) RETIREMENT SAVINGS.— 

7 (A) Subparagraph (A) of section 219(b)(5) 

8 is amended to read as follows: 

9 ‘‘(A) IN GENERAL.—The deductible 

10 amount is $5,000.’’. 

11 (B) Clause (ii) of section 219(b)(5)(B) is 

12 amended to read as follows: 

13 ‘‘(ii) APPLICABLE AMOUNT.—For pur14 poses of clause (i), the applicable amount 

15 is $1,000.’’. 

16 (C) Paragraph (5) of section 219(b) is 

17 amended by striking subparagraph (C) and by 

18 redesignating subparagraph (D) as subpara19 graph (C). 

20 (D) Clause (ii) of section 219(g)(2)(A) is 

21 amended by striking ‘‘for a taxable year begin22 ning after December 31, 2006’’. 

23 (E) Section 219(g)(3)(B) is amended by 

24 striking clauses (i) and (ii) and inserting the 

25 following: 


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1 ‘‘(i) In the case of a taxpayer filing a 

2 joint return, $80,000. 

3 ‘‘(ii) In the case of any other taxpayer 

4 (other than a married individual filing a 

5 separate return), $50,000.’’. 

6 (F) Paragraph (8) of section 219(g) is 

7 amended by striking ‘‘the dollar amount in the 

8 last row of the table contained in paragraph 

9 (3)(B)(i), the dollar amount in the last row of 

10 the table contained in paragraph (3)(B)(ii), and 

11 the dollar amount contained in paragraph 

12 (7)(A),’’ and inserting ‘‘each of the dollar 

13 amounts in paragraphs (3)(B)(i), (3)(B)(ii), 

14 and (7)(A)’’. 

15 (40) REPORTS REGARDING QUALIFIED VOL16 UNTARY RETIREMENT CONTRIBUTIONS.— 

17 (A) Section 219 is amended by striking 

18 paragraph (4) of subsection (f) and subsection 

19 (h). 

20 (B) Section 6652 is amended by striking 

21 subsection (g). 

22 (41) INTEREST ON EDUCATION LOANS.—Para23 graph (1) of section 221(b) is amended by striking 

24 ‘‘shall not exceed’’ and all that follows and inserting 

25 ‘‘shall not exceed $2,500.’’. 


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1 (42) DIVIDENDS RECEIVED ON CERTAIN PRE2 FERRED STOCK; AND DIVIDENDS PAID ON CERTAIN

3 PREFERRED STOCK OF PUBLIC UTILITIES.— 

4 (A) Sections 244 and 247 are hereby re5 pealed, and the table of sections for part VIII 

6 of subchapter B of chapter 1 is amended by 

7 striking the items relating to sections 244 and 

8 247. 

9 (B) Paragraph (5) of section 172(d) is 

10 amended to read as follows: 

11 ‘‘(5) COMPUTATION OF DEDUCTION FOR DIVI12 DENDS RECEIVED.—The deductions allowed by sec13 tion 243 (relating to dividends received by corpora14 tions) and 245 (relating to dividends received from 

15 certain foreign corporations) shall be computed with16 out regard to section 246(b) (relating to limitation 

17 on aggregate amount of deductions).’’. 

18 (C) Paragraph (1) of section 243(c) is 

19 amended to read as follows: 

20 ‘‘(1) IN GENERAL.—In the case of any dividend 

21 received from a 20-percent owned corporation, sub22 section (a)(1) shall be applied by substituting ‘80 

23 percent’ for ‘70 percent’.’’. 

24 (D) Section 243(d) is amended by striking 

25 paragraph (4). 


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1 (E) Section 246 is amended— 

2 (i) by striking ‘‘, 244,’’ in subsection 

3 (a)(1), 

4 (ii) in subsection (b)(1)— 

5 (I) by striking ‘‘sections 

6 243(a)(1), and 244(a),’’ the first 

7 place it appears and inserting ‘‘section 

8 243(a)(1)’’, 

9 (II) by striking ‘‘244(a),’’ the 

10 second place it appears, and 

11 (III) by striking ‘‘subsection (a) 

12 or (b) of section 245, and 247,’’ and 

13 inserting ‘‘and subsection (a) or (b) of 

14 section 245,’’, and 

15 (iii) by striking ‘‘, 244,’’ in subsection 

16 (c)(1). 

17 (F) Section 246A is amended by striking 

18 ‘‘, 244,’’ both places it appears in subsections 

19 (a) and (e). 

20 (G) Sections 263(g)(2)(B)(iii), 277(a), 

21 301(e)(2), 469(e)(4), 512(a)(3)(A), subpara22 graphs (A), (C), and (D) of section 805(a)(4), 

23 805(b)(5), 812(e)(2)(A), 815(c)(2)(A)(iii), 

24 832(b)(5), 833(b)(3)(E), and 1059(b)(2)(B) are 


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1 each amended by striking ‘‘, 244,’’ each place 

2 it appears. 

3 (H) Section 1244(c)(2)(C) is amended by 

4 striking ‘‘244,’’. 

5 (I) Section 805(a)(4)(B) is amended by 

6 striking ‘‘, 244(a),’’ each place it appears. 

7 (J) Section 810(c)(2)(B) is amended by 

8 striking ‘‘244 (relating to dividends on certain 

9 preferred stock of public utilities),’’. 

10 (K) The amendments made by this para11 graph shall not apply to preferred stock issued 

12 before October 1, 1942 (determined in the same 

13 manner as under section 247 of the Internal 

14 Revenue Code of 1986 as in effect before its re15 peal by such amendments). 

16 (43) ORGANIZATION EXPENSES.—Section 

17 248(c) is amended by striking ‘‘beginning after De18 cember 31, 1953,’’ and by striking the last sentence. 

19 (44) BOND REPURCHASE PREMIUM.—Section 

20 249(b)(1) is amended by striking ‘‘, in the case of 

21 bonds or other evidences of indebtedness issued after 

22 February 28, 1913,’’. 

23 (45) AMOUNT OF GAIN WHERE LOSS PRE24 VIOUSLY DISALLOWED.—Section 267(d) is amended 

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1 ternal Revenue Code of 1939)’’ in paragraph (1), by 

2 striking ‘‘after December 31, 1953,’’ in paragraph 

3 (2), by striking the second sentence, and by striking 

4 ‘‘or by reason of section 118 of the Internal Revenue 

5 Code of 1939’’ in the last sentence. 

6 (46) ACQUISITIONS MADE TO EVADE OR AVOID

7 INCOME TAX.—Paragraphs (1) and (2) of section 

8 269(a) are each amended by striking ‘‘or acquired 

9 on or after October 8, 1940,’’. 

10 (47) MEALS AND ENTERTAINMENT.—Para11 graph (3) of section 274(n) is amended— 

12 (A) by striking ‘‘(A) IN GENERAL.—’’, 

13 (B) by striking ‘‘substituting ‘the applica14 ble percentage’ for’’ and inserting ‘‘substituting 

15 ‘80 percent’ for’’, and 

16 (C) by striking subparagraph (B). 

17 (48) INTEREST ON INDEBTEDNESS INCURRED

18 BY CORPORATIONS TO ACQUIRE STOCK OR ASSETS

19 OF ANOTHER CORPORATION.— 

20 (A) Section 279 is amended— 

21 (i) by striking ‘‘after December 31, 

22 1967,’’ in subsection (a)(2), 

23 (ii) by striking ‘‘after October 9, 

24 1969,’’ in subsection (b), 


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1 (iii) by striking ‘‘after October 9, 

2 1969, and’’ in subsection (d)(5), and 

3 (iv) by striking subsection (i) and re4 designating subsection (j) as subsection (i). 

5 (B) The amendments made by this para6 graph shall not— 

7 (i) apply to obligations issued on or 

8 before October 9, 1969 (determined in the 

9 same manner as under section 279 of the 

10 Internal Revenue Code of 1986 as in effect 

11 before such amendments), and 

12 (ii) be construed to require interest on 

13 obligations issued on or before December 

14 31, 1967, to be taken into account under 

15 section 279(a)(2) of such Code (as in ef16 fect after such amendments). 

17 (49) BANK HOLDING COMPANIES.— 

18 (A) Clause (iii) of section 304(b)(3)(D) is 

19 repealed. 

20 (B) The heading of subparagraph (D) of 

21 section 304(b)(3) is amended by striking ‘‘AND

22 SPECIAL RULE’’. 

23 (50) EFFECT ON EARNINGS AND PROFITS.— 

24 Subsection (d) of section 312 is amended by striking 


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1 paragraph (2) and redesignating paragraph (3) as 

2 paragraph (2). 

3 (51) DISQUALIFIED STOCK.—Paragraph (3) of 

4 section 355(d) is amended by striking ‘‘after Octo5 ber 9, 1990, and’’ each place it appears. 

6 (52) BASIS TO CORPORATIONS.—Section 362 is 

7 amended by striking ‘‘on or after June 22, 1954’’ in 

8 subsection (a) and by striking ‘‘, on or after June 

9 22, 1954,’’ each place it appears in subsection (c). 

10 (53) TEMPORARY WAIVER OF MINIMUM RE11 QUIRED DISTRIBUTION.—Section 401(a)(9) is 

12 amended by striking subparagraph (H). 

13 (54) INDIVIDUAL RETIREMENT ACCOUNTS.— 

14 Clause (i) of section 408(p)(2)(E) is amended to 

15 read as follows: 

16 ‘‘(i) IN GENERAL.—For purposes of 

17 subparagraph (A)(ii), the applicable 

18 amount is $10,000.’’. 

19 (55) TAX CREDIT EMPLOYEE STOCK OWNER20 SHIP PLANS.—Section 409 is amended by striking 

21 subsection (q). 

22 (56) CATCH-UP CONTRIBUTIONS.—Subpara23 graph (B) of section 414(v)(2) is amended to read 

24 as follows: 


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1 ‘‘(II)(i) In the case of an applicable em2 ployer plan other than a plan described in sec3 tion 401(k)(11) or 408(p), the applicable dollar 

4 amount is $5,000. 

5 ‘‘(ii) In the case of an applicable employer 

6 plan described in section 401(k)(11) or 408(p), 

7 the applicable dollar amount is $2,500.’’. 

8 (57) EMPLOYEE STOCK PURCHASE PLANS.— 

9 Section 423(a) is amended by striking ‘‘after De10 cember 31, 1963,’’. 

11 (58) PENSION RELATED TRANSITION RULES.— 

12 (A) Section 402(g)(1)(B) is amended by 

13 striking ‘‘shall be’’ and all that follows and in14 serting ‘‘is $15,000.’’. 

15 (B)(i) Subparagraph (D) of section 

16 417(e)(3) is amended— 

17 (I) by striking clauses (ii) and (iii), 

18 (II) by striking ‘‘if—’’ and all that 

19 follows through ‘‘section 430(h)(2)(D)’’ 

20 and inserting ‘‘if section 430(h)(2)(D)’’, 

21 and 

22 (III) by striking ‘‘described in such 

23 section,’’ and inserting ‘‘described in such 

24 section.’’. 


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1 (ii) Clause (iii) of section 205(g)(3)(B) of 

2 the Employee Retirement Income Security Act 

3 of 1974 (29 U.S.C. 1055(g)(3)(B)) is amend4 ed— 

5 (I) by striking subclauses (II) and 

6 (III), 

7 (II) by striking ‘‘if—’’ and all that 

8 follows through ‘‘section 303(h)(2)(D)’’ 

9 and inserting ‘‘if section 303(h)(2)(D)’’, 

10 and 

11 (III) by striking ‘‘described in such 

12 section,’’ and inserting ‘‘described in such 

13 section.’’. 

14 (C)(i) Paragraph (5) of section 430(c) is 

15 amended by striking subparagraph (B) and by 

16 striking ‘‘(A) IN GENERAL.—’’. 

17 (ii) Paragraph (5) of section 303(c) of the 

18 Employee Retirement Income Security Act of 

19 1974 (29 U.S.C. 1082(c)) is amended by strik20 ing subparagraph (B) and by striking ‘‘(A) IN

21 GENERAL.—’’. 

22 (D)(i) Paragraph (2) of section 430(h) is 

23 amended by striking subparagraph (G). 

24 (ii) Paragraph (2) of section 303(h) of the 

25 Employee Retirement Income Security Act of 


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1 1974 (29 U.S.C. 1082(h)) is amended by strik2 ing subparagraph (G). 

3 (E)(i) Paragraph (3) of section 436(j), as 

4 added by section 113(a)(1)(B) of the Pension 

5 Protection Act of 2006, is amended by striking 

6 subparagraphs (B) and (C) and by striking 

7 ‘‘(A) IN GENERAL.—’’. 

8 (ii) Subparagraph (C) of section 206(g)(9) 

9 of the Employee Retirement Income Security 

10 Act of 1974 (29 U.S.C. 1056(g)(9)) is amended 

11 by striking clauses (ii) and (iii) and by striking 

12 ‘‘(i) IN GENERAL.—’’. 

13 (F)(i) Section 436(j) is amended by strik14 ing the paragraph (3) added by section 

15 203(a)(2) of the Preservation of Access to Care 

16 for Medicare Beneficiaries and Pension Relief 

17 Act of 2010. 

18 (ii) Section 206(g)(9) of the Employee Re19 tirement Income Security Act of 1974 (29 

20 U.S.C. 1056(g)(9)) is amended by striking sub21 paragraph (D). 

22 (G)(i) Section 436 is amended by striking 

23 subsection (m). 

24 (ii) Section 206(g) of the Employee Retire25 ment Income Security Act of 1974 (29 U.S.C. 


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1 1056(g)) is amended by striking paragraph 

2 (11). 

3 (H) Section 457(e)(15)(A) is amended by 

4 striking ‘‘shall be’’ and all that follows and in5 serting ‘‘is $15,000.’’. 

6 (59) LIMITATION ON DEDUCTIONS FOR CER7 TAIN FARMING.— 

8 (A) Section 464 is amended by striking 

9 ‘‘any farming syndicate (as defined in sub10 section (c))’’ both places it appears in sub11 sections (a) and (b) and inserting ‘‘any tax12 payer to whom subsection (d) applies’’. 

13 (B)(i) Subsection (c) of section 464 is 

14 hereby moved to the end of section 461 and re15 designated as subsection (j). 

16 (ii) Such subsection (j) is amended— 

17 (I) by striking ‘‘For purposes of this 

18 section’’ in paragraph (1) and inserting 

19 ‘‘For purposes of subsection (i)(4)’’, and 

20 (II) by adding at the end the fol21 lowing new paragraphs: 

22 ‘‘(3) FARMING.—For purposes of this sub23 section, the term ‘farming’ has the meaning given to 

24 such term by section 464(e). 


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1 ‘‘(4) LIMITED ENTREPRENEUR.—For purposes 

2 of this subsection, the term ‘limited entrepreneur’ 

3 means a person who— 

4 ‘‘(A) has an interest in an enterprise other 

5 than as a limited partner, and 

6 ‘‘(B) does not actively participate in the 

7 management of such enterprise.’’. 

8 (iii) Paragraph (4) of section 461(i) is 

9 amended by striking ‘‘section 464(c)’’ and 

10 inserting ‘‘subsection (j)’’. 

11 (C) Section 464 is amended— 

12 (i) by striking subsections (e) and (g) 

13 and redesignating subsections (d) and (f) 

14 as subsections (c) and (d), respectively, 

15 and 

16 (ii) by adding at the end the following 

17 new subsection: 

18 ‘‘(e) FARMING.—For purposes of this section, the 

19 term ‘farming’ means the cultivation of land or the raising 

20 or harvesting of any agricultural or horticultural com21 modity including the raising, shearing, feeding, caring for, 

22 training, and management of animals. For purposes of the 

23 preceding sentence, trees (other than trees bearing fruit 

24 or nuts) shall not be treated as an agricultural or horti25 cultural commodity.’’. 


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1 (D) Subsection (d) of section 464 of such 

2 Code (as redesignated by subparagraph (C)) is 

3 amended— 

4 (i) by striking paragraph (1) and re5 designating paragraphs (2), (3), and (4) as 

6 paragraphs (1), (2), and (3), respectively, 

7 and 

8 (ii) by striking ‘‘SUBSECTIONS (A) 

9 AND (B) TO APPLY TO’’ in the heading. 

10 (E) Subparagraph (A) of section 58(a)(2) 

11 is amended by striking ‘‘section 464(c)’’ and in12 serting ‘‘section 461(j)’’. 

13 (60) DEDUCTIONS LIMITED TO AMOUNT AT

14 RISK.—Subparagraph (A) of section 465(c)(3) is 

15 amended by striking ‘‘In the case of taxable years 

16 beginning after December 31, 1978, this’’ and in17 serting ‘‘This’’. 

18 (61) PASSIVE ACTIVITY LOSSES AND CREDITS

19 LIMITED.— 

20 (A) Section 469 is amended by striking 

21 subsection (m). 

22 (B) Subsection (b) of section 58 is amend23 ed by adding ‘‘and’’ at the end of paragraph 

24 (1), by striking paragraph (2), and by redesig25 nating paragraph (3) as paragraph (2). 


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1 (62) ADJUSTMENTS REQUIRED BY CHANGES IN

2 METHOD OF ACCOUNTING.—Section 481(b)(3) is 

3 amended by striking subparagraph (C). 

4 (63) EXEMPTION FROM TAX ON CORPORATIONS, 

5 CERTAIN TRUSTS, ETC.—Section 501 is amended by 

6 striking subsection (s). 

7 (64) REQUIREMENTS FOR EXEMPTION.— 

8 (A) Section 503(a)(1) is amended to read 

9 as follows: 

10 ‘‘(1) GENERAL RULE.—An organization de11 scribed in paragraph (17) or (18) of section 501(c), 

12 or described in section 401(a) and referred to in sec13 tion 4975(g) (2) or (3), shall not be exempt from 

14 taxation under section 501(a) if it has engaged in a 

15 prohibited transaction.’’. 

16 (B) Paragraph (2) of section 503(a) is 

17 amended by striking ‘‘described in section 

18 501(c)(17) or (18) or paragraph (a)(1)(B)’’ and 

19 inserting ‘‘described in paragraph (1)’’. 

20 (C) Subsection (c) of section 503 is 

21 amended by striking ‘‘described in section 

22 501(c)(17) or (18) or subsection (a)(1)(B)’’ and 

23 inserting ‘‘described in subsection (a)(1)’’. 

24 (65) ACCUMULATED TAXABLE INCOME.—Para25 graph (1) of section 535(b) and paragraph (1) of 


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1 section 545(b) are each amended by striking ‘‘sec2 tion 531’’ and all that follows and inserting ‘‘section 

3 531 or the personal holding company tax imposed by 

4 section 541.’’. 

5 (66) DEFINITION OF PROPERTY.—Subsection 

6 (b) of section 614 is amended— 

7 (A) by striking paragraphs (3)(C) and (5), 

8 and 

9 (B) in paragraph (4), by striking ‘‘which10 ever of the following years is later: The first 

11 taxable year beginning after December 31, 

12 1963, or’’. 

13 (67) AMOUNTS RECEIVED BY SURVIVING ANNU14 ITANT UNDER JOINT AND SURVIVOR ANNUITY CON15 TRACT.—Subparagraph (A) of section 691(d)(1) is 

16 amended by striking ‘‘after December 31, 1953, 

17 and’’. 

18 (68) INCOME TAXES OF MEMBERS OF ARMED

19 FORCES ON DEATH.—Section 692(a)(1) is amended 

20 by striking ‘‘after June 24, 1950’’. 

21 (69) SPECIAL RULES FOR COMPUTING RE22 SERVES.—Paragraph (7) of section 807(e) is amend23 ed by striking subparagraph (B) and redesignating 

24 subparagraph (C) as subparagraph (B). 

25 (70) INSURANCE COMPANY TAXABLE INCOME.— 


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1 (A) Section 832(e) is amended by striking 

2 ‘‘of taxable years beginning after December 31, 

3 1966,’’. 

4 (B) Section 832(e)(6) is amended by strik5 ing ‘‘In the case of any taxable year beginning 

6 after December 31, 1970, the’’ and inserting 

7 ‘‘The’’. 

8 (71) CAPITALIZATION OF CERTAIN POLICY AC9 QUISITION EXPENSES.—Section 848 is amended by 

10 striking subsection (j). 

11 (72) TAX ON NONRESIDENT ALIEN INDIVID12 UALS.—Subparagraph (B) of section 871(a)(1) is 

13 amended to read as follows: 

14 ‘‘(II) gains described in subsection (b) or 

15 (c) of section 631,’’. 

16 (73) LIMITATION ON CREDIT.—Paragraph (2) 

17 of section 904(d) is amended by striking subpara18 graph (J). 

19 (74) FOREIGN EARNED INCOME.—Clause (i) of 

20 section 911(b)(2)(D) is amended to read as follows: 

21 ‘‘(i) IN GENERAL.—The exclusion 

22 amount for any calendar year is $80,000.’’. 

23 (75) BASIS OF PROPERTY ACQUIRED FROM DE24 CEDENT.— 


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1 (A) Section 1014(a)(2) is amended to read 

2 as follows: 

3 ‘‘(2) in the case of an election under section 

4 2032, its value at the applicable valuation date pre5 scribed by such section,’’. 

6 (B) Section 1014(b) is amended by strik7 ing paragraphs (7) and (8). 

8 (76) ADJUSTED BASIS.—Section 1016(a) is 

9 amended by striking paragraph (12). 

10 (77) PROPERTY ON WHICH LESSEE HAS MADE

11 IMPROVEMENTS.—Section 1019 is amended by strik12 ing the last sentence. 

13 (78) INVOLUNTARY CONVERSION.—Section 

14 1033 is amended by striking subsection (j) and by 

15 redesignating subsections (k) and (l) as subsections 

16 (j) and (k), respectively. 

17 (79) PROPERTY ACQUIRED DURING AFFILI18 ATION.—Section 1051 is hereby repealed, and the 

19 table of sections for part IV of subchapter O of 

20 chapter 1 is amended by striking the item relating 

21 to section 1051. 

22 (80) CAPITAL GAINS AND LOSSES.—Section 

23 1222 is amended by striking the last sentence. 

24 (81) HOLDING PERIOD OF PROPERTY.— 


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1 (A) Paragraph (1) of section 1223 is 

2 amended by striking ‘‘after March 1, 1954,’’. 

3 (B) Paragraph (4) of section 1223 is 

4 amended by striking ‘‘ ‘(or under so much of 

5 section 1052(c) as refers to section 113(a)(23) 

6 of the Internal Revenue Code of 1939)’ ’’. 

7 (C) Paragraphs (6) and (8) of section 

8 1223 are repealed. 

9 (82) PROPERTY USED IN THE TRADE OR BUSI10 NESS AND INVOLUNTARY CONVERSIONS.—Subpara11 graph (A) of section 1231(c)(2) is amended by strik12 ing ‘‘beginning after December 31, 1981’’. 

13 (83) SALE OR EXCHANGE OF PATENTS.—Sec14 tion 1235 is amended— 

15 (A) by striking subsection (c) and by re16 designating subsections (d) and (e) as sub17 sections (c) and (d), respectively, and 

18 (B) by striking ‘‘subsection (d)’’ in sub19 section (b)(2)(B) and inserting ‘‘subsection 

20 (c)’’. 

21 (84) DEALERS IN SECURITIES.—Subsection (b) 

22 of section 1236 is amended by striking ‘‘after No23 vember 19, 1951,’’. 


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1 (85) SALE OF PATENTS.—Subsection (a) of sec2 tion 1249 is amended by striking ‘‘after December 

3 31, 1962,’’. 

4 (86) GAIN FROM DISPOSITION OF FARMLAND.— 

5 Paragraph (1) of section 1252(a) is amended— 

6 (A) by striking ‘‘after December 31, 1969’’ 

7 the first place it appears, and 

8 (B) by striking ‘‘after December 31, 

9 1969,’’ in subparagraph (A). 

10 (87) TREATMENT OF AMOUNTS RECEIVED ON

11 RETIREMENT OR SALE OR EXCHANGE OF DEBT IN12 STRUMENTS.—Subsection (c) of section 1271 is 

13 amended to read as follows: 

14 ‘‘(c) SPECIAL RULE FOR CERTAIN OBLIGATIONS

15 WITH RESPECT TO WHICH ORIGINAL ISSUE DISCOUNT

16 NOT CURRENTLY INCLUDIBLE.— 

17 ‘‘(1) IN GENERAL.—On the sale or exchange of 

18 debt instruments issued by a government or political 

19 subdivision thereof after December 31, 1954, and 

20 before July 2, 1982, or by a corporation after De21 cember 31, 1954, and on or before May 27, 1969, 

22 any gain realized which does not exceed— 

23 ‘‘(A) an amount equal to the original issue 

24 discount, or 


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1 ‘‘(B) if at the time of original issue there 

2 was no intention to call the debt instrument be3 fore maturity, an amount which bears the same 

4 ratio to the original issue discount as the num5 ber of complete months that the debt instru6 ment was held by the taxpayer bears to the 

7 number of complete months from the date of 

8 original issue to the date of maturity, shall be 

9 considered as ordinary income. 

10 ‘‘(2) SUBSECTION (a)(2)(A) NOT TO APPLY.— 

11 Subsection (a)(2)(A) shall not apply to any debt in12 strument referred to in paragraph (1) of this sub13 section. 

14 ‘‘(3) CROSS REFERENCE.—For current inclu15 sion of original issue discount, see section 1272.’’. 

16 (88) AMOUNT AND METHOD OF ADJUST17 MENT.—Section 1314 is amended by striking sub18 section (d) and by redesignating subsection (e) as 

19 subsection (d). 

20 (89) ELECTION; REVOCATION; TERMINATION.— 

21 Clause (iii) of section 1362(d)(3)(A) is amended by 

22 striking ‘‘unless’’ and all that follows and inserting 

23 ‘‘unless the corporation was an S corporation for 

24 such taxable year.’’. 


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1 (90) OLD-AGE, SURVIVORS, AND DISABILITY IN2 SURANCE.—Subsection (a) of section 1401 is amend3 ed by striking ‘‘the following percent’’ and all that 

4 follows and inserting ‘‘12.4 percent of the amount of 

5 the self-employment income for such taxable year.’’. 

6 (91) HOSPITAL INSURANCE.—Paragraph (1) of 

7 section 1401(b) is amended by striking: ‘‘the fol8 lowing percent’’ and all that follows and inserting 

9 ‘‘2.9 percent of the amount of the self-employment 

10 income for such taxable year.’’. 

11 (92) MINISTERS, MEMBERS OF RELIGIOUS OR12 DERS, AND CHRISTIAN SCIENCE PRACTITIONERS.— 

13 Paragraph (3) of section 1402(e) is amended— 

14 (A) by striking ‘‘whichever of the following 

15 dates is later: (A)’’, and 

16 (B) by striking ‘‘;or (B)’ ’’ and all that fol17 lows and inserting a period. 

18 (93) WITHHOLDING OF TAX ON NONRESIDENT

19 ALIENS.—The first sentence of subsection (b) of sec20 tion 1441 and the first sentence of paragraph (5) of 

21 section 1441(c) are each amended by striking ‘‘gains 

22 subject to tax’’ and all that follows through ‘‘Octo23 ber 4, 1966’’ and inserting ‘‘and gains subject to tax 

24 under section 871(a)(1)(D)’’. 


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1 (94) AFFILIATED GROUP DEFINED.—Subpara2 graph (A) of section 1504(a)(3) is amended by strik3 ing ‘‘for a taxable year which includes any period 

4 after December 31, 1984’’ in clause (i) and by strik5 ing ‘‘in a taxable year beginning after December 31, 

6 1984’’ in clause (ii). 

7 (95) DISALLOWANCE OF THE BENEFITS OF

8 THE GRADUATED CORPORATE RATES AND ACCUMU9 LATED EARNINGS CREDIT.— 

10 (A) Subsection (a) of section 1551 is 

11 amended— 

12 (i) by striking paragraph (1) and by 

13 redesignating paragraphs (2) and (3) as 

14 paragraphs (1) and (2), respectively, and 

15 (ii) by striking ‘‘after June 12, 1963,’’ 

16 each place it appears. 

17 (B) Section 1551(b) is amended— 

18 (i) by striking ‘‘or (2)’’ in paragraph 

19 (1), and 

20 (ii) by striking ‘‘(a)(3)’’ in paragraph 

21 (2) and inserting ‘‘(a)(2)’’. 

22 (96) CREDIT FOR STATE DEATH TAXES.— 

23 (A)(i) Part II of subchapter A of chapter 

24 11 is amended by striking section 2011 (and by 


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1 striking the item relating to such section in the 

2 table of sections for such subpart). 

3 (ii) Section 2106(a)(4) is amended by 

4 striking ‘‘section 2011(a)’’ and inserting 

5 ‘‘2058(a)’’. 

6 (B)(i) Subchapter A of chapter 13 is 

7 amended by striking section 2604 (and by strik8 ing the item relating to such section in the 

9 table of sections for such subpart). 

10 (ii) Clause (ii) of section 164(b)(4)(A) is 

11 amended by inserting ‘‘(as in effect before its 

12 repeal)’’ after ‘‘section 2604’’. 

13 (iii) Section 2654(a)(1) is amended by 

14 striking ‘‘(computed without regard to section 

15 2604)’’. 

16 (97) GROSS ESTATE.—Subsection (c) of section 

17 2031 is amended by striking paragraph (3) and by 

18 amending paragraph (1)(B) to read as follows: 

19 ‘‘(II) $500,000.’’. 

20 (98)(A) Part IV of subchapter A of chapter 11 

21 is amended by striking section 2057 (and by striking 

22 the item relating to such section in the table of sec23 tions for such subpart). 

24 (B) Paragraph (10) of section 2031(c) is 

25 amended by inserting ‘‘(as in effect before its reVerDate Sep 11 2014 03:05 Sep 25, 2014 Jkt 039200 PO 00000 Frm 00078 Fmt 6652 Sfmt 6201 E:\BILLS\H5528.IH H5528

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1 peal)’’ immediately before the period at the end 

2 thereof. 

3 (99) PROPERTY WITHIN THE UNITED

4 STATES.—Subsection (c) of section 2104 is amended 

5 by striking ‘‘With respect to estates of decedents 

6 dying after December 31, 1969, deposits’’ and in7 serting ‘‘Deposits’’. 

8 (100) FICA TAXES.— 

9 (A) Subsection (a) of section 3101 is 

10 amended by striking ‘‘the following percent11 ages’’ and all that follows and inserting ‘‘6.2 

12 percent of the wages (as defined in section 

13 3121(a)) received by the individual with respect 

14 to employment (as defined in section 3121(b))’’. 

15 (B)(i) Subsection (a) of section 3111 is 

16 amended by striking ‘‘the following percent17 ages’’ and all that follows and inserting ‘‘6.2 

18 percent of the wages (as defined in section 

19 3121(a)) paid by the employer with respect to 

20 employment (as defined in section 3121(b)).’’. 

21 (ii) Subsection (b) of section 3111 is 

22 amended by striking ‘‘the following percent23 ages’’ and all that follows and inserting ‘‘1.45 

24 percent of the wages (as defined in section 


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1 3121(a)) paid by the employer with respect to 

2 employment (as defined in section 3121(b)).’’. 

3 (C)(i) Section 3121(b) is amended by 

4 striking paragraph (17). 

5 (ii) Section 210(a) of the Social Security 

6 Act is amended by striking paragraph (17). 

7 (101) RAILROAD RETIREMENT.— 

8 (A) Subsection (b) of section 3201 is 

9 amended to read as follows: 

10 ‘‘(b) TIER 2 TAX.—In addition to other taxes, there 

11 is hereby imposed on the income of each employee a tax 

12 equal to the percentage determined under section 3241 for 

13 any calendar year of the compensation received during 

14 such calendar year by such employee for services rendered 

15 by such employee.’’. 

16 (B) Subsection (b) of section 3211 is 

17 amended to read as follows: 

18 ‘‘(b) TIER 2 TAX.—In addition to other taxes, there 

19 is hereby imposed on the income of each employee rep20 resentative a tax equal to the percentage determined under 

21 section 3241 for any calendar year of the compensation 

22 received during such calendar year by such employee rep23 resentative for services rendered by such employee rep24 resentative.’’. 


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1 (C) Subsection (b) of section 3221 is 

2 amended to read as follows: 

3 ‘‘(b) TIER 2 TAX.—In addition to other taxes, there 

4 is hereby imposed on every employer an excise tax, with 

5 respect to having individuals in his employ, equal to the 

6 percentage determined under section 3241 for any cal7 endar year of the compensation paid during such calendar 

8 year by such employer for services rendered to such em9 ployer.’’. 

10 (D) Subsection (b) of section 3231 is 

11 amended— 

12 (i) by striking ‘‘compensation; except’’ 

13 and all that follows in the first sentence 

14 and inserting ‘‘compensation.’’, and 

15 (ii) by striking the second sentence. 

16 (102) CREDITS AGAINST FEDERAL UNEMPLOY17 MENT TAX.— 

18 (A) Paragraph (4) of section 3302(f) is 

19 amended— 

20 (i) by striking ‘‘subsection—’’ and all 

21 that follows through ‘‘(A) IN GENERAL.— 

22 The’’ and inserting ‘‘subsection, the’’, 

23 (ii) by striking subparagraph (B), 


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1 (iii) by redesignating clauses (i) and 

2 (ii) as subparagraphs (A) and (B), respec3 tively, and 

4 (iv) by moving the text of such sub5 paragraphs (as so redesignated) 2 ems to 

6 the left. 

7 (B) Paragraph (5) of section 3302(f) is 

8 amended by striking subparagraph (D) and by 

9 redesignating subparagraph (E) as subpara10 graph (D). 

11 (103) DOMESTIC SERVICE EMPLOYMENT

12 TAXES.—Section 3510(b) is amended by striking 

13 paragraph (4). 

14 (104) LUXURY PASSENGER AUTOMOBILES.— 

15 (A) Chapter 31 is amended by striking 

16 subchapter A (and by striking the item relating 

17 to such subchapter in the table of subchapters 

18 for such chapter). 

19 (B)(i) Section 4221 is amended— 

20 (I) in subsections (a) and (d)(1), by 

21 striking ‘‘subchapter A or’’ and inserting 

22 ‘‘subchapter’’, 

23 (II) in subsection (a), by striking ‘‘In 

24 the case of taxes imposed by subchapter A 


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1 of chapter 31, paragraphs (1), (3), (4), 

2 and (5) shall not apply.’’, and 

3 (III) in subsection (c), by striking 

4 ‘‘4001(c), 4001(d), or’’. 

5 (ii) Section 4222 is amended by striking 

6 ‘‘4001(c), 4001(d),’’. 

7 (iii) Section 4293 is amended by striking 

8 ‘‘subchapter A of chapter 31,’’. 

9 (105) TAX ON FUEL USED IN COMMERCIAL

10 TRANSPORTATION ON INLAND WATERWAYS.—Section 

11 4042(b)(2)(A) is amended to read as follows: 

12 ‘‘(I) The Inland Waterways Trust Fund fi13 nancing rate is 20 cents per gallon.’’. 

14 (106) TRANSPORTATION BY AIR.—Section 

15 4261(e) is amended— 

16 (A) in paragraph (1), by striking subpara17 graph (C), and 

18 (B) by striking paragraph (5). 

19 (107) TAXES ON FAILURE TO DISTRIBUTE IN20 COME.— 

21 (A) Subsection (g) of section 4942 is 

22 amended by striking ‘‘For all taxable years be23 ginning on or after January 1, 1975, subject’’ 

24 in paragraph (2)(A) and inserting ‘‘Subject’’. 


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1 (B) Section 4942(i)(2) is amended by 

2 striking ‘‘beginning after December 31, 1969, 

3 and’’. 

4 (108) TAXES ON TAXABLE EXPENDITURES.— 

5 Section 4945(f) is amended by striking ‘‘(excluding 

6 therefrom any preceding taxable year which begins 

7 before January 1, 1970)’’. 

8 (109) DEFINITIONS AND SPECIAL RULES.—Sec9 tion 4682(h) is amended— 

10 (A) by striking paragraph (1) and redesig11 nating paragraphs (2), (3), and (4) as para12 graphs (1), (2), and (3), respectively, and 

13 (B) in paragraph (1) (as so redesig14 nated)— 

15 (i) by striking the heading and insert16 ing ‘‘IN GENERAL’’, and 

17 (ii) by striking ‘‘after 1991’’ in sub18 paragraph (C). 

19 (110) RETURNS.—Subsection (a) of section 

20 6039D is amended by striking ‘‘beginning after De21 cember 31, 1984,’’. 

22 (111) INFORMATION RETURNS.—Subsection (c) 

23 of section 6060 is amended by striking ‘‘ ‘year’ ’’ and 

24 all that follows and inserting ‘‘year.’’. 


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1 (112) COLLECTION.—Section 6302 is amend2 ed— 

3 (A) in subsection (e)(2), by striking ‘‘im4 posed by’’ and all that follows through ‘‘with re5 spect to’’ and inserting ‘‘imposed by sections 

6 4251, 4261, or 4271 with respect to’’, 

7 (B) by striking the last sentence of sub8 section (f)(1), and 

9 (C) in subsection (h)— 

10 (i) by striking paragraph (2) and re11 designating paragraphs (3) and (4) as 

12 paragraphs (2) and (3), respectively, and 

13 (ii) by amending paragraph (3) (as so 

14 redesignated) to read as follows: 

15 ‘‘(3) COORDINATION WITH OTHER ELECTRONIC

16 FUND TRANSFER REQUIREMENTS.—Under regula17 tions, any tax required to be paid by electronic fund 

18 transfer under section 5061(e) or 5703(b) shall be 

19 paid in such a manner as to ensure that the require20 ments of the second sentence of paragraph (1)(A) of 

21 this subsection are satisfied.’’. 

22 (113) ABATEMENTS.—Section 6404(f) is 

23 amended by striking paragraph (3). 

24 (114) 2008 RECOVERY REBATE FOR INDIVID25 UALS.— 


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1 (A) Subchapter B of chapter 65 is amend2 ed by striking section 6428 (and by striking the 

3 item relating to such section in the table of sec4 tions for such subchapter). 

5 (B) Subparagraph (A) of section 

6 6211(b)(4) is amended by striking ‘‘6428,’’. 

7 (C) Paragraph (2) of section 6213(g), as 

8 amended by section 14(a)(2) and paragraphs 

9 (4) and (5)(C) of this subsection, is amended 

10 by striking subparagraph (Q), by redesignating 

11 subparagraph (O) as subparagraph (N), by in12 serting ‘‘and’’ at the end of subparagraph (M), 

13 and by striking the comma at the end of sub14 paragraph (N) (as so redesignated) and insert15 ing a period. 

16 (D) Paragraph (2) of section 1324(b) of 

17 title 31, United States Code, is amended by 

18 striking ‘‘6428, or 6431,’’ and inserting ‘‘or 

19 6431’’. 

20 (115) ADVANCE PAYMENT OF PORTION OF IN21 CREASED CHILD CREDIT FOR 2003.—Subchapter B 

22 of chapter 65 is amended by striking section 6429 

23 (and by striking the item relating to such section in 

24 the table of sections for such subchapter). 


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1 (116) FAILURE BY CORPORATION TO PAY ESTI2 MATED INCOME TAX.—Clause (i) of section 

3 6655(g)(4)(A) is amended by striking ‘‘(or the cor4 responding provisions of prior law)’’. 

5 (117) RETIREMENT.—Section 7447(i)(3)(B)(ii) 

6 is amended by striking ‘‘at 4 percent per annum to 

7 December 31, 1947, and 3 percent per annum there8 after’’, and inserting ‘‘at 3 percent per annum’’. 

9 (118) ANNUITIES TO SURVIVING SPOUSES AND

10 DEPENDENT CHILDREN OF JUDGES.— 

11 (A) Paragraph (2) of section 7448(a) is 

12 amended— 

13 (i) by striking ‘‘or under section 1106 

14 of the Internal Revenue Code of 1939’’, 

15 and 

16 (ii) by striking ‘‘or pursuant to sec17 tion 1106(d) of the Internal Revenue Code 

18 of 1939’’. 

19 (B) Subsection (g) of section 7448 is 

20 amended by striking ‘‘or other than pursuant to 

21 section 1106 of the Internal Revenue Code of 

22 1939’’. 

23 (C) Subsections (g), (j)(1), and (j)(2) of 

24 section 7448 are each amended by striking ‘‘at 

25 4 percent per annum to December 31, 1947, 


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1 and 3 percent per annum thereafter’’ and in2 serting ‘‘at 3 percent per annum’’. 

3 (119) MERCHANT MARINE CAPITAL CONSTRUC4 TION FUNDS.—Paragraph (4) of section 7518(g) is 

5 amended by striking ‘‘any nonqualified withdrawal’’ 

6 and all that follows through ‘‘ ‘shall be determined’’ 

7 and inserting ‘‘any nonqualified withdrawal shall be 

8 determined’’. 

9 (120) VALUATION TABLES.— 

10 (A) Subsection (c) of section 7520 is 

11 amended by striking paragraph (2) and redesig12 nating paragraph (3) as paragraph (2). 

13 (B) Paragraph (2) of section 7520(c) (as 

14 redesignated by subparagraph (A)) is amend15 ed— 

16 (i) by striking ‘‘Not later than Decem17 ber 31, 1989, the’’ and inserting ‘‘The’’, 

18 and 

19 (ii) by striking ‘‘thereafter’’ in the last 

20 sentence thereof. 

21 (121) DEFINITION OF EMPLOYEE.—Section 

22 7701(a)(20) is amended by striking ‘‘chapter 21’’ 

23 and all that follows and inserting ‘‘chapter 21.’’. 

24 (b) EFFECTIVE DATE.— 


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1 (1) GENERAL RULE.—Except as otherwise pro2 vided in subsection (a) or paragraph (2) of this sub3 section, the amendments made by this section shall 

4 take effect on the date of enactment of this Act. 

5 (2) SAVINGS PROVISION.—If— 

6 (A) any provision amended or repealed by 

7 the amendments made by this section applied 

8 to— 

9 (i) any transaction occurring before 

10 the date of the enactment of this Act, 

11 (ii) any property acquired before such 

12 date of enactment, or 

13 (iii) any item of income, loss, deduc14 tion, or credit taken into account before 

15 such date of enactment, and 

16 (B) the treatment of such transaction, 

17 property, or item under such provision would 

18 (without regard to the amendments or repeals 

19 made by this section) affect the liability for tax 

20 for periods ending after date of enactment, 

21 nothing in the amendments or repeals made by 

22 this section shall be construed to affect the 

23 treatment of such transaction, property, or item 


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1 for purposes of determining liability for tax for 

2 periods ending after such date of enactment. 

Æ 


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