I 

113TH CONGRESS 

2D SESSION H. R. 5771 

To amend the Internal Revenue Code of 1986 to extend certain expiring 

provisions and make technical corrections, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 1, 2014 

Mr. CAMP introduced the following bill; which was referred to the Committee 

on Ways and Means, and in addition to the Committees on Education 

and the Workforce and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions 

as fall within the jurisdiction of the committee concerned 

A BILL 

To amend the Internal Revenue Code of 1986 to extend 

certain expiring provisions and 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, ETC. 

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

5 ‘‘Tax Increase Prevention Act of 2014’’. 

6 (b) AMENDMENT OF 1986 CODE.—Except as other7 wise expressly provided, whenever in this Act an amend8 ment or repeal is expressed in terms of an amendment 


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

2 shall be considered to be made to a section or other provi3 sion of the Internal Revenue Code of 1986. 

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

5 this Act is as follows: 

Sec. 1. Short title, etc. 

TITLE I—CERTAIN EXPIRING PROVISIONS 

Subtitle A—Individual Tax Extenders 

Sec. 101. Extension of deduction for certain expenses of elementary and secondary school teachers. 

Sec. 102. Extension of exclusion from gross income of discharge of qualified 

principal residence indebtedness. 

Sec. 103. Extension of parity for employer-provided mass transit and parking 

benefits. 

Sec. 104. Extension of mortgage insurance premiums treated as qualified residence interest. 

Sec. 105. Extension of deduction of State and local general sales taxes. 

Sec. 106. Extension of special rule for contributions of capital gain real property made for conservation purposes. 

Sec. 107. Extension of above-the-line deduction for qualified tuition and related 

expenses. 

Sec. 108. Extension of tax-free distributions from individual retirement plans 

for charitable purposes. 

Subtitle B—Business Tax Extenders 

Sec. 111. Extension of research credit. 

Sec. 112. Extension of temporary minimum low-income housing tax credit rate 

for non-federally subsidized buildings. 

Sec. 113. Extension of military housing allowance exclusion for determining 

whether a tenant in certain counties is low-income. 

Sec. 114. Extension of Indian employment tax credit. 

Sec. 115. Extension of new markets tax credit. 

Sec. 116. Extension of railroad track maintenance credit. 

Sec. 117. Extension of mine rescue team training credit. 

Sec. 118. Extension of employer wage credit for employees who are active duty 

members of the uniformed services. 

Sec. 119. Extension of work opportunity tax credit. 

Sec. 120. Extension of qualified zone academy bonds. 

Sec. 121. Extension of classification of certain race horses as 3-year property. 

Sec. 122. Extension of 15-year straight-line cost recovery for qualified leasehold 

improvements, qualified restaurant buildings and improvements, and qualified retail improvements. 

Sec. 123. Extension of 7-year recovery period for motorsports entertainment 

complexes. 

Sec. 124. Extension of accelerated depreciation for business property on an Indian reservation. 


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Sec. 125. Extension of bonus depreciation. 

Sec. 126. Extension of enhanced charitable deduction for contributions of food 

inventory. 

Sec. 127. Extension of increased expensing limitations and treatment of certain 

real property as section 179 property. 

Sec. 128. Extension of election to expense mine safety equipment. 

Sec. 129. Extension of special expensing rules for certain film and television 

productions. 

Sec. 130. Extension of deduction allowable with respect to income attributable 

to domestic production activities in Puerto Rico. 

Sec. 131. Extension of modification of tax treatment of certain payments to 

controlling exempt organizations. 

Sec. 132. Extension of treatment of certain dividends of regulated investment 

companies. 

Sec. 133. Extension of RIC qualified investment entity treatment under 

FIRPTA. 

Sec. 134. Extension of subpart F exception for active financing income. 

Sec. 135. Extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding 

company rules. 

Sec. 136. Extension of temporary exclusion of 100 percent of gain on certain 

small business stock. 

Sec. 137. Extension of basis adjustment to stock of S corporations making 

charitable contributions of property. 

Sec. 138. Extension of reduction in S-corporation recognition period for builtin gains tax. 

Sec. 139. Extension of empowerment zone tax incentives. 

Sec. 140. Extension of temporary increase in limit on cover over of rum excise 

taxes to Puerto Rico and the Virgin Islands. 

Sec. 141. Extension of American Samoa economic development credit. 

Subtitle C—Energy Tax Extenders 

Sec. 151. Extension of credit for nonbusiness energy property. 

Sec. 152. Extension of second generation biofuel producer credit. 

Sec. 153. Extension of incentives for biodiesel and renewable diesel. 

Sec. 154. Extension of production credit for Indian coal facilities placed in service before 2009. 

Sec. 155. Extension of credits with respect to facilities producing energy from 

certain renewable resources. 

Sec. 156. Extension of credit for energy-efficient new homes. 

Sec. 157. Extension of special allowance for second generation biofuel plant 

property. 

Sec. 158. Extension of energy efficient commercial buildings deduction. 

Sec. 159. Extension of special rule for sales or dispositions to implement FERC 

or State electric restructuring policy for qualified electric utilities. 

Sec. 160. Extension of excise tax credits relating to certain fuels. 

Subtitle D—Extenders Relating to Multiemployer Defined Benefit Pension 

Plans 

Sec. 171. Extension of automatic extension of amortization periods. 

Sec. 172. Extension of shortfall funding method and endangered and critical 

rules. 


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TITLE II—TECHNICAL CORRECTIONS 

Sec. 201. Short title. 

Sec. 202. Amendments relating to American Taxpayer Relief Act of 2012. 

Sec. 203. Amendment relating to Middle Class Tax Relief and Job Creation Act 

of 2012. 

Sec. 204. Amendment relating to FAA Modernization and Reform Act of 2012. 

Sec. 205. Amendments relating to Regulated Investment Company Modernization Act of 2010. 

Sec. 206. Amendments relating to Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. 

Sec. 207. Amendments relating to Creating Small Business Jobs Act of 2010. 

Sec. 208. Clerical amendment relating to Hiring Incentives to Restore Employment Act. 

Sec. 209. Amendments relating to American Recovery and Reinvestment Tax 

Act of 2009. 

Sec. 210. Amendments relating to Energy Improvement and Extension Act of 

2008. 

Sec. 211. Amendments relating to Tax Extenders and Alternative Minimum 

Tax Relief Act of 2008. 

Sec. 212. Clerical amendments relating to Housing Assistance Tax Act of 2008. 

Sec. 213. Amendments and provision relating to Heroes Earnings Assistance 

and Relief Tax Act of 2008. 

Sec. 214. Amendments relating to Economic Stimulus Act of 2008. 

Sec. 215. Amendments relating to Tax Technical Corrections Act of 2007. 

Sec. 216. Amendment relating to Tax Relief and Health Care Act of 2006. 

Sec. 217. Amendment relating to Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users. 

Sec. 218. Amendments relating to Energy Tax Incentives Act of 2005. 

Sec. 219. Amendments relating to American Jobs Creation Act of 2004. 

Sec. 220. Other clerical corrections. 

Sec. 221. Deadwood provisions. 

TITLE III—JOINT COMMITTEE ON TAXATION 

Sec. 301. Increased refund and credit threshold for Joint Committee on Taxation review of C corporation return. 

TITLE IV—BUDGETARY EFFECTS 

Sec. 401. Budgetary effects. 


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1 TITLE I—CERTAIN EXPIRING 

2 PROVISIONS 

3 Subtitle A—Individual Tax 

4 Extenders 

5 SEC. 101. EXTENSION OF DEDUCTION FOR CERTAIN EX6 PENSES OF ELEMENTARY AND SECONDARY 

7 SCHOOL TEACHERS. 

8 (a) IN GENERAL.—Subparagraph (D) of section 

9 62(a)(2) is amended by striking ‘‘or 2013’’ and inserting 

10 ‘‘2013, or 2014’’. 

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

12 this section shall apply to taxable years beginning after 

13 December 31, 2013. 

14 SEC. 102. EXTENSION OF EXCLUSION FROM GROSS INCOME 

15 OF DISCHARGE OF QUALIFIED PRINCIPAL 

16 RESIDENCE INDEBTEDNESS. 

17 (a) IN GENERAL.—Subparagraph (E) of section 

18 108(a)(1) is amended by striking ‘‘January 1, 2014’’ and 

19 inserting ‘‘January 1, 2015’’. 

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

21 this section shall apply to indebtedness discharged after 

22 December 31, 2013. 


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1 SEC. 103. EXTENSION OF PARITY FOR EMPLOYER-PRO2 VIDED MASS TRANSIT AND PARKING BENE3 FITS. 

4 (a) IN GENERAL.—Paragraph (2) of section 132(f) 

5 is amended by striking ‘‘January 1, 2014’’ and inserting 

6 ‘‘January 1, 2015’’. 

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

8 this section shall apply to months after December 31, 

9 2013. 

10 SEC. 104. EXTENSION OF MORTGAGE INSURANCE PRE11 MIUMS TREATED AS QUALIFIED RESIDENCE 

12 INTEREST. 

13 (a) IN GENERAL.—Subclause (I) of section 

14 163(h)(3)(E)(iv) is amended by striking ‘‘December 31, 

15 2013’’ and inserting ‘‘December 31, 2014’’. 

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

17 this section shall apply to amounts paid or accrued after 

18 December 31, 2013. 

19 SEC. 105. EXTENSION OF DEDUCTION OF STATE AND LOCAL 

20 GENERAL SALES TAXES. 

21 (a) IN GENERAL.—Subparagraph (I) of section 

22 164(b)(5) is amended by striking ‘‘January 1, 2014’’ and 

23 inserting ‘‘January 1, 2015’’. 

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

25 this section shall apply to taxable years beginning after 

26 December 31, 2013. 


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1 SEC. 106. EXTENSION OF SPECIAL RULE FOR CONTRIBU2 TIONS OF CAPITAL GAIN REAL PROPERTY 

3 MADE FOR CONSERVATION PURPOSES. 

4 (a) IN GENERAL.—Clause (vi) of section 

5 170(b)(1)(E) is amended by striking ‘‘December 31, 

6 2013’’ and inserting ‘‘December 31, 2014’’. 

7 (b) CONTRIBUTIONS BY CERTAIN CORPORATE FARM8 ERS AND RANCHERS.—Clause (iii) of section 170(b)(2)(B) 

9 is amended by striking ‘‘December 31, 2013’’ and insert10 ing ‘‘December 31, 2014’’. 

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

12 this section shall apply to contributions made in taxable 

13 years beginning after December 31, 2013. 

14 SEC. 107. EXTENSION OF ABOVE-THE-LINE DEDUCTION FOR 

15 QUALIFIED TUITION AND RELATED EX16 PENSES. 

17 (a) IN GENERAL.—Subsection (e) of section 222 is 

18 amended by striking ‘‘December 31, 2013’’ and inserting 

19 ‘‘December 31, 2014’’. 

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

21 this section shall apply to taxable years beginning after 

22 December 31, 2013. 


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1 SEC. 108. EXTENSION OF TAX-FREE DISTRIBUTIONS FROM 

2 INDIVIDUAL RETIREMENT PLANS FOR CHARI3 TABLE PURPOSES. 

4 (a) IN GENERAL.—Subparagraph (F) of section 

5 408(d)(8) is amended by striking ‘‘December 31, 2013’’ 

6 and inserting ‘‘December 31, 2014’’. 

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

8 this section shall apply to distributions made in taxable 

9 years beginning after December 31, 2013. 

10 Subtitle B—Business Tax 

11 Extenders 

12 SEC. 111. EXTENSION OF RESEARCH CREDIT. 

13 (a) IN GENERAL.—Paragraph (1) of section 41(h) is 

14 amended by striking ‘‘paid or incurred’’ and all that fol15 lows and inserting ‘‘paid or incurred after December 31, 

16 2014.’’. 

17 (b) CONFORMING AMENDMENT.—Subparagraph (D) 

18 of section 45C(b)(1) is amended to read as follows: 

19 ‘‘(D) SPECIAL RULE.—If section 41 is not 

20 in effect for any period, such section shall be 

21 deemed to remain in effect for such period for 

22 purposes of this paragraph.’’. 

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

24 this section shall apply to amounts paid or incurred after 

25 December 31, 2013. 


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1 SEC. 112. EXTENSION OF TEMPORARY MINIMUM LOW-IN2 COME HOUSING TAX CREDIT RATE FOR NON3 FEDERALLY SUBSIDIZED BUILDINGS. 

4 (a) IN GENERAL.—Subparagraph (A) of section 

5 42(b)(2) is amended by striking ‘‘January 1, 2014’’ and 

6 inserting ‘‘January 1, 2015’’. 

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

8 this section shall take effect on January 1, 2014. 

9 SEC. 113. EXTENSION OF MILITARY HOUSING ALLOWANCE 

10 EXCLUSION FOR DETERMINING WHETHER A 

11 TENANT IN CERTAIN COUNTIES IS LOW-IN12 COME. 

13 (a) IN GENERAL.—Subsection (b) of section 3005 of 

14 the Housing Assistance Tax Act of 2008 is amended by 

15 striking ‘‘January 1, 2014’’ each place it appears and in16 serting ‘‘January 1, 2015’’. 

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

18 this section shall take effect as if included in the enact19 ment of section 3005 of the Housing Assistance Tax Act 

20 of 2008. 

21 SEC. 114. EXTENSION OF INDIAN EMPLOYMENT TAX CRED22 IT. 

23 (a) IN GENERAL.—Subsection (f) of section 45A is 

24 amended by striking ‘‘December 31, 2013’’ and inserting 

25 ‘‘December 31, 2014’’. 


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

2 this section shall apply to taxable years beginning after 

3 December 31, 2013. 

4 SEC. 115. EXTENSION OF NEW MARKETS TAX CREDIT. 

5 (a) IN GENERAL.—Subparagraph (G) of section 

6 45D(f)(1) is amended by striking ‘‘and 2013’’ and insert7 ing ‘‘2013, and 2014’’. 

8 (b) CARRYOVER OF UNUSED LIMITATION.—Para9 graph (3) of section 45D(f) is amended by striking 

10 ‘‘2018’’ and inserting ‘‘2019’’. 

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

12 this section shall apply to calendar years beginning after 

13 December 31, 2013. 

14 SEC. 116. EXTENSION OF RAILROAD TRACK MAINTENANCE 

15 CREDIT. 

16 (a) IN GENERAL.—Subsection (f) of section 45G is 

17 amended by striking ‘‘January 1, 2014’’ and inserting 

18 ‘‘January 1, 2015’’. 

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

20 this section shall apply to expenditures paid or incurred 

21 in taxable years beginning after December 31, 2013. 


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1 SEC. 117. EXTENSION OF MINE RESCUE TEAM TRAINING 

2 CREDIT. 

3 (a) IN GENERAL.—Subsection (e) of section 45N is 

4 amended by striking ‘‘December 31, 2013’’ and inserting 

5 ‘‘December 31, 2014’’. 

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

7 this section shall apply to taxable years beginning after 

8 December 31, 2013. 

9 SEC. 118. EXTENSION OF EMPLOYER WAGE CREDIT FOR 

10 EMPLOYEES WHO ARE ACTIVE DUTY MEM11 BERS OF THE UNIFORMED SERVICES. 

12 (a) IN GENERAL.—Subsection (f) of section 45P is 

13 amended by striking ‘‘December 31, 2013’’ and inserting 

14 ‘‘December 31, 2014’’. 

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

16 this section shall apply to payments made after December 

17 31, 2013. 

18 SEC. 119. EXTENSION OF WORK OPPORTUNITY TAX CREDIT. 

19 (a) IN GENERAL.—Paragraph (4) of section 51(c) is 

20 amended by striking ‘‘for the employer’’ and all that fol21 lows and inserting ‘‘for the employer after December 31, 

22 2014’’. 

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

24 this section shall apply to individuals who begin work for 

25 the employer after December 31, 2013. 


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1 SEC. 120. EXTENSION OF QUALIFIED ZONE ACADEMY 

2 BONDS. 

3 (a) EXTENSION.—Paragraph (1) of section 54E(c) is 

4 amended by striking ‘‘and 2013’’ and inserting ‘‘2013, 

5 and 2014’’. 

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

7 this section shall apply to obligations issued after Decem8 ber 31, 2013. 

9 SEC. 121. EXTENSION OF CLASSIFICATION OF CERTAIN 

10 RACE HORSES AS 3-YEAR PROPERTY. 

11 (a) IN GENERAL.—Clause (i) of section 168(e)(3)(A) 

12 is amended— 

13 (1) by striking ‘‘January 1, 2014’’ in subclause 

14 (I) and inserting ‘‘January 1, 2015’’, and 

15 (2) by striking ‘‘December 31, 2013’’ in sub16 clause (II) and inserting ‘‘December 31, 2014’’. 

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

18 this section shall apply to property placed in service after 

19 December 31, 2013. 


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1 SEC. 122. EXTENSION OF 15-YEAR STRAIGHT-LINE COST RE2 COVERY FOR QUALIFIED LEASEHOLD IM3 PROVEMENTS, QUALIFIED RESTAURANT 

4 BUILDINGS AND IMPROVEMENTS, AND 

5 QUALIFIED RETAIL IMPROVEMENTS. 

6 (a) IN GENERAL.—Clauses (iv), (v), and (ix) of sec7 tion 168(e)(3)(E) are each amended by striking ‘‘January 

8 1, 2014’’ and inserting ‘‘January 1, 2015’’. 

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

10 this section shall apply to property placed in service after 

11 December 31, 2013. 

12 SEC. 123. EXTENSION OF 7-YEAR RECOVERY PERIOD FOR 

13 MOTORSPORTS ENTERTAINMENT COM14 PLEXES. 

15 (a) IN GENERAL.—Subparagraph (D) of section 

16 168(i)(15) is amended by striking ‘‘December 31, 2013’’ 

17 and inserting ‘‘December 31, 2014’’. 

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

19 this section shall apply to property placed in service after 

20 December 31, 2013. 

21 SEC. 124. EXTENSION OF ACCELERATED DEPRECIATION 

22 FOR BUSINESS PROPERTY ON AN INDIAN 

23 RESERVATION. 

24 (a) IN GENERAL.—Paragraph (8) of section 168(j) 

25 is amended by striking ‘‘December 31, 2013’’ and insert26 ing ‘‘December 31, 2014’’. 


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

2 this section shall apply to property placed in service after 

3 December 31, 2013. 

4 SEC. 125. EXTENSION OF BONUS DEPRECIATION. 

5 (a) IN GENERAL.—Paragraph (2) of section 168(k) 

6 is amended— 

7 (1) by striking ‘‘January 1, 2015’’ in subpara8 graph (A)(iv) and inserting ‘‘January 1, 2016’’, and 

9 (2) by striking ‘‘January 1, 2014’’ each place 

10 it appears and inserting ‘‘January 1, 2015’’. 

11 (b) SPECIAL RULE FOR FEDERAL LONG-TERM CON12 TRACTS.—Clause (ii) of section 460(c)(6)(B) is amended 

13 by striking ‘‘January 1, 2014 (January 1, 2015’’ and in14 serting ‘‘January 1, 2015 (January 1, 2016’’. 

15 (c) EXTENSION OF ELECTION TO ACCELERATE THE

16 AMT CREDIT IN LIEU OF BONUS DEPRECIATION.— 

17 (1) IN GENERAL.—Subclause (II) of section 

18 168(k)(4)(D)(iii) is amended by striking ‘‘January 

19 1, 2014’’ and inserting ‘‘January 1, 2015’’. 

20 (2) ROUND 4 EXTENSION PROPERTY.—Para21 graph (4) of section 168(k) is amended by adding at 

22 the end the following new subparagraph: 

23 ‘‘(K) SPECIAL RULES FOR ROUND 4 EX24 TENSION PROPERTY.— 


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1 ‘‘(i) IN GENERAL.—In the case of 

2 round 4 extension property, in applying 

3 this paragraph to any taxpayer— 

4 ‘‘(I) the limitation described in 

5 subparagraph (B)(i) and the business 

6 credit increase amount under sub7 paragraph (E)(iii) thereof shall not 

8 apply, and 

9 ‘‘(II) the bonus depreciation 

10 amount, maximum amount, and max11 imum increase amount shall be com12 puted separately from amounts com13 puted with respect to eligible qualified 

14 property which is not round 4 exten15 sion property. 

16 ‘‘(ii) ELECTION.— 

17 ‘‘(I) A taxpayer who has an elec18 tion in effect under this paragraph for 

19 round 3 extension property shall be 

20 treated as having an election in effect 

21 for round 4 extension property unless 

22 the taxpayer elects to not have this 

23 paragraph apply to round 4 extension 

24 property. 


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1 ‘‘(II) A taxpayer who does not 

2 have an election in effect under this 

3 paragraph for round 3 extension prop4 erty may elect to have this paragraph 

5 apply to round 4 extension property. 

6 ‘‘(iii) ROUND 4 EXTENSION PROP7 ERTY.—For purposes of this subpara8 graph, the term ‘round 4 extension prop9 erty’ means property which is eligible 

10 qualified property solely by reason of the 

11 extension of the application of the special 

12 allowance under paragraph (1) pursuant to 

13 the amendments made by section 125(a) of 

14 the Tax Increase Prevention Act of 2014 

15 (and the application of such extension to 

16 this paragraph pursuant to the amendment 

17 made by section 125(c) of such Act).’’. 

18 (d) CONFORMING AMENDMENTS.— 

19 (1) The heading for subsection (k) of section 

20 168 is amended by striking ‘‘JANUARY 1, 2014’’ and 

21 inserting ‘‘JANUARY 1, 2015’’. 

22 (2) The heading for clause (ii) of section 

23 168(k)(2)(B) is amended by striking ‘‘PRE-JANUARY

24 1, 2014’’ and inserting ‘‘PRE-JANUARY 1, 2015’’. 


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1 (3) Subparagraph (C) of section 168(n)(2) is 

2 amended by striking ‘‘January 1, 2014’’ and insert3 ing ‘‘January 1, 2015’’. 

4 (4) Subparagraph (D) of section 1400L(b)(2) is 

5 amended by striking ‘‘January 1, 2014’’ and insert6 ing ‘‘January 1, 2015’’. 

7 (5) Subparagraph (B) of section 1400N(d)(3) 

8 is amended by striking ‘‘January 1, 2014’’ and in9 serting ‘‘January 1, 2015’’. 

10 (e) EFFECTIVE DATE.—The amendments made by 

11 this section shall apply to property placed in service after 

12 December 31, 2013, in taxable years ending after such 

13 date. 

14 SEC. 126. EXTENSION OF ENHANCED CHARITABLE DEDUC15 TION FOR CONTRIBUTIONS OF FOOD INVEN16 TORY. 

17 (a) IN GENERAL.—Clause (iv) of section 

18 170(e)(3)(C) is amended by striking ‘‘December 31, 

19 2013’’ and inserting ‘‘December 31, 2014’’. 

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

21 this section shall apply to contributions made after De22 cember 31, 2013. 


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1 SEC. 127. EXTENSION OF INCREASED EXPENSING LIMITA2 TIONS AND TREATMENT OF CERTAIN REAL 

3 PROPERTY AS SECTION 179 PROPERTY. 

4 (a) IN GENERAL.— 

5 (1) DOLLAR LIMITATION.—Section 179(b)(1) is 

6 amended— 

7 (A) by striking ‘‘beginning in 2010, 2011, 

8 2012, or 2013’’ in subparagraph (B) and in9 serting ‘‘beginning after 2009 and before 

10 2015’’, and 

11 (B) by striking ‘‘2013’’ in subparagraph 

12 (C) and inserting ‘‘2014’’. 

13 (2) REDUCTION IN LIMITATION.—Section 

14 179(b)(2) is amended— 

15 (A) by striking ‘‘beginning in 2010, 2011, 

16 2012, or 2013’’ in subparagraph (B) and in17 serting ‘‘beginning after 2009 and before 

18 2015’’, and 

19 (B) by striking ‘‘2013’’ in subparagraph 

20 (C) and inserting ‘‘2014’’. 

21 (b) COMPUTER SOFTWARE.—Section 

22 179(d)(1)(A)(ii) is amended by striking ‘‘2014’’ and in23 serting ‘‘2015’’. 

24 (c) ELECTION.—Section 179(c)(2) is amended by 

25 striking ‘‘2014’’ and inserting ‘‘2015’’. 


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1 (d) SPECIAL RULES FOR TREATMENT OF QUALIFIED

2 REAL PROPERTY.— 

3 (1) IN GENERAL.—Section 179(f)(1) is amend4 ed by striking ‘‘beginning in 2010, 2011, 2012, or 

5 2013’’ and inserting ‘‘beginning after 2009 and be6 fore 2015’’. 

7 (2) CARRYOVER LIMITATION.— 

8 (A) IN GENERAL.—Section 179(f)(4) is 

9 amended by striking ‘‘2013’’ each place it ap10 pears and inserting ‘‘2014’’. 

11 (B) CONFORMING AMENDMENT.—The 

12 heading of subparagraph (C) of section 

13 179(f)(4) is amended by striking ‘‘2011 AND

14 2012’’ and inserting ‘‘2011, 2012, AND 2013’’. 

15 (e) EFFECTIVE DATE.—The amendments made by 

16 this section shall apply to taxable years beginning after 

17 December 31, 2013. 

18 SEC. 128. EXTENSION OF ELECTION TO EXPENSE MINE 

19 SAFETY EQUIPMENT. 

20 (a) IN GENERAL.—Subsection (g) of section 179E is 

21 amended by striking ‘‘December 31, 2013’’ and inserting 

22 ‘‘December 31, 2014’’. 

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

24 this section shall apply to property placed in service after 

25 December 31, 2013. 


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1 SEC. 129. EXTENSION OF SPECIAL EXPENSING RULES FOR 

2 CERTAIN FILM AND TELEVISION PRODUC3 TIONS. 

4 (a) IN GENERAL.—Subsection (f) of section 181 is 

5 amended by striking ‘‘December 31, 2013’’ and inserting 

6 ‘‘December 31, 2014’’. 

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

8 this section shall apply to productions commencing after 

9 December 31, 2013. 

10 SEC. 130. EXTENSION OF DEDUCTION ALLOWABLE WITH 

11 RESPECT TO INCOME ATTRIBUTABLE TO DO12 MESTIC PRODUCTION ACTIVITIES IN PUERTO 

13 RICO. 

14 (a) IN GENERAL.—Subparagraph (C) of section 

15 199(d)(8) is amended— 

16 (1) by striking ‘‘first 8 taxable years’’ and in17 serting ‘‘first 9 taxable years’’, and 

18 (2) by striking ‘‘January 1, 2014’’ and insert19 ing ‘‘January 1, 2015’’. 

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

21 this section shall apply to taxable years beginning after 

22 December 31, 2013. 


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1 SEC. 131. EXTENSION OF MODIFICATION OF TAX TREAT2 MENT OF CERTAIN PAYMENTS TO CONTROL3 LING EXEMPT ORGANIZATIONS. 

4 (a) IN GENERAL.—Clause (iv) of section 

5 512(b)(13)(E) is amended by striking ‘‘December 31, 

6 2013’’ and inserting ‘‘December 31, 2014’’. 

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

8 this section shall apply to payments received or accrued 

9 after December 31, 2013. 

10 SEC. 132. EXTENSION OF TREATMENT OF CERTAIN DIVI11 DENDS OF REGULATED INVESTMENT COMPA12 NIES. 

13 (a) IN GENERAL.—Paragraphs (1)(C)(v) and 

14 (2)(C)(v) of section 871(k) are each amended by striking 

15 ‘‘December 31, 2013’’ and inserting ‘‘December 31, 

16 2014’’. 

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

18 this section shall apply to taxable years beginning after 

19 December 31, 2013. 

20 SEC. 133. EXTENSION OF RIC QUALIFIED INVESTMENT EN21 TITY TREATMENT UNDER FIRPTA. 

22 (a) IN GENERAL.—Clause (ii) of section 

23 897(h)(4)(A) is amended by striking ‘‘December 31, 

24 2013’’ and inserting ‘‘December 31, 2014’’. 

25 (b) EFFECTIVE DATE.— 


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

2 this section shall take effect on January 1, 2014. 

3 Notwithstanding the preceding sentence, such 

4 amendment shall not apply with respect to the with5 holding requirement under section 1445 of the Inter6 nal Revenue Code of 1986 for any payment made 

7 before the date of the enactment of this Act. 

8 (2) AMOUNTS WITHHELD ON OR BEFORE DATE

9 OF ENACTMENT.—In the case of a regulated invest10 ment company— 

11 (A) which makes a distribution after De12 cember 31, 2013, and before the date of the en13 actment of this Act, and 

14 (B) which would (but for the second sen15 tence of paragraph (1)) have been required to 

16 withhold with respect to such distribution under 

17 section 1445 of such Code, 

18 such investment company shall not be liable to any 

19 person to whom such distribution was made for any 

20 amount so withheld and paid over to the Secretary 

21 of the Treasury. 

22 SEC. 134. EXTENSION OF SUBPART F EXCEPTION FOR AC23 TIVE FINANCING INCOME. 

24 (a) EXEMPT INSURANCE INCOME.—Paragraph (10) 

25 of section 953(e) is amended— 


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1 (1) by striking ‘‘January 1, 2014’’ and insert2 ing ‘‘January 1, 2015’’, and 

3 (2) by striking ‘‘December 31, 2013’’ and in4 serting ‘‘December 31, 2014’’. 

5 (b) SPECIAL RULE FOR INCOME DERIVED IN THE

6 ACTIVE CONDUCT OF BANKING, FINANCING, OR SIMILAR

7 BUSINESSES.—Paragraph (9) of section 954(h) is amend8 ed by striking ‘‘January 1, 2014’’ and inserting ‘‘January 

9 1, 2015’’. 

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

11 this section shall apply to taxable years of foreign corpora12 tions beginning after December 31, 2013, and to taxable 

13 years of United States shareholders with or within which 

14 any such taxable year of such foreign corporation ends. 

15 SEC. 135. EXTENSION OF LOOK-THRU TREATMENT OF PAY16 MENTS BETWEEN RELATED CONTROLLED 

17 FOREIGN CORPORATIONS UNDER FOREIGN 

18 PERSONAL HOLDING COMPANY RULES. 

19 (a) IN GENERAL.—Subparagraph (C) of section 

20 954(c)(6) is amended by striking ‘‘January 1, 2014’’ and 

21 inserting ‘‘January 1, 2015’’. 

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

23 this section shall apply to taxable years of foreign corpora24 tions beginning after December 31, 2013, and to taxable 


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1 years of United States shareholders with or within which 

2 such taxable years of foreign corporations end. 

3 SEC. 136. EXTENSION OF TEMPORARY EXCLUSION OF 100 

4 PERCENT OF GAIN ON CERTAIN SMALL BUSI5 NESS STOCK. 

6 (a) IN GENERAL.—Paragraph (4) of section 1202(a) 

7 is amended— 

8 (1) by striking ‘‘January 1, 2014’’ and insert9 ing ‘‘January 1, 2015’’, and 

10 (2) by striking ‘‘AND 2013’’ in the heading and 

11 inserting ‘‘2013, AND 2014’’. 

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

13 this section shall apply to stock acquired after December 

14 31, 2013. 

15 SEC. 137. EXTENSION OF BASIS ADJUSTMENT TO STOCK OF 

16 S CORPORATIONS MAKING CHARITABLE CON17 TRIBUTIONS OF PROPERTY. 

18 (a) IN GENERAL.—Paragraph (2) of section 1367(a) 

19 is amended by striking ‘‘December 31, 2013’’ and insert20 ing ‘‘December 31, 2014’’. 

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

22 this section shall apply to contributions made in taxable 

23 years beginning after December 31, 2013. 


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1 SEC. 138. EXTENSION OF REDUCTION IN S-CORPORATION 

2 RECOGNITION PERIOD FOR BUILT-IN GAINS 

3 TAX. 

4 (a) IN GENERAL.—Subparagraph (C) of section 

5 1374(d)(7) is amended— 

6 (1) by striking ‘‘2012 or 2013’’ and inserting 

7 ‘‘2012, 2013, or 2014’’, and 

8 (2) by striking ‘‘2012 AND 2013’’ in the heading 

9 and inserting ‘‘2012, 2013, AND 2014’’. 

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

11 this section shall apply to taxable years beginning after 

12 December 31, 2013. 

13 SEC. 139. EXTENSION OF EMPOWERMENT ZONE TAX INCEN14 TIVES. 

15 (a) IN GENERAL.—Clause (i) of section 

16 1391(d)(1)(A) is amended by striking ‘‘December 31, 

17 2013’’ and inserting ‘‘December 31, 2014’’. 

18 (b) TREATMENT OF CERTAIN TERMINATION DATES

19 SPECIFIED IN NOMINATIONS.—In the case of a designa20 tion of an empowerment zone the nomination for which 

21 included a termination date which is contemporaneous 

22 with the date specified in subparagraph (A)(i) of section 

23 1391(d)(1) of the Internal Revenue Code of 1986 (as in 

24 effect before the enactment of this Act), subparagraph (B) 

25 of such section shall not apply with respect to such des26 ignation if, after the date of the enactment of this section, 


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1 the entity which made such nomination amends the nomi2 nation to provide for a new termination date in such man3 ner as the Secretary of the Treasury (or the Secretary’s 

4 designee) may provide. 

5 (c) EFFECTIVE DATES.—The amendment made by 

6 this section shall apply to periods after December 31, 

7 2013. 

8 SEC. 140. EXTENSION OF TEMPORARY INCREASE IN LIMIT 

9 ON COVER OVER OF RUM EXCISE TAXES TO 

10 PUERTO RICO AND THE VIRGIN ISLANDS. 

11 (a) IN GENERAL.—Paragraph (1) of section 7652(f) 

12 is amended by striking ‘‘January 1, 2014’’ and inserting 

13 ‘‘January 1, 2015’’. 

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

15 this section shall apply to distilled spirits brought into the 

16 United States after December 31, 2013. 

17 SEC. 141. EXTENSION OF AMERICAN SAMOA ECONOMIC DE18 VELOPMENT CREDIT. 

19 (a) IN GENERAL.—Subsection (d) of section 119 of 

20 division A of the Tax Relief and Health Care Act of 2006 

21 is amended— 

22 (1) by striking ‘‘January 1, 2014’’ each place 

23 it appears and inserting ‘‘January 1, 2015’’, 

24 (2) by striking ‘‘first 8 taxable years’’ in para25 graph (1) and inserting ‘‘first 9 taxable years’’, and 


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1 (3) by striking ‘‘first 2 taxable years’’ in para2 graph (2) and inserting ‘‘first 3 taxable years’’. 

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

4 this section shall apply to taxable years beginning after 

5 December 31, 2013. 

6 Subtitle C—Energy Tax Extenders 

7 SEC. 151. EXTENSION OF CREDIT FOR NONBUSINESS EN8 ERGY PROPERTY. 

9 (a) IN GENERAL.—Paragraph (2) of section 25C(g) 

10 is amended by striking ‘‘December 31, 2013’’ and insert11 ing ‘‘December 31, 2014’’. 

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

13 this section shall apply to property placed in service after 

14 December 31, 2013. 

15 SEC. 152. EXTENSION OF SECOND GENERATION BIOFUEL 

16 PRODUCER CREDIT. 

17 (a) IN GENERAL.—Clause (i) of section 40(b)(6)(J) 

18 is amended by striking ‘‘January 1, 2014’’ and inserting 

19 ‘‘January 1, 2015’’. 

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

21 this section shall apply to qualified second generation 

22 biofuel production after December 31, 2013. 


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1 SEC. 153. EXTENSION OF INCENTIVES FOR BIODIESEL AND 

2 RENEWABLE DIESEL. 

3 (a) CREDITS FOR BIODIESEL AND RENEWABLE DIE4 SEL USED AS FUEL.—Subsection (g) of section 40A is 

5 amended by striking ‘‘December 31, 2013’’ and inserting 

6 ‘‘December 31, 2014’’. 

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

8 this section shall apply to fuel sold or used after December 

9 31, 2013. 

10 SEC. 154. EXTENSION OF PRODUCTION CREDIT FOR INDIAN 

11 COAL FACILITIES PLACED IN SERVICE BE12 FORE 2009. 

13 (a) IN GENERAL.—Subparagraph (A) of section 

14 45(e)(10) is amended by striking ‘‘8-year period’’ each 

15 place it appears and inserting ‘‘9-year period’’. 

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

17 this section shall apply to coal produced after December 

18 31, 2013. 

19 SEC. 155. EXTENSION OF CREDITS WITH RESPECT TO FA20 CILITIES PRODUCING ENERGY FROM CER21 TAIN RENEWABLE RESOURCES. 

22 (a) IN GENERAL.—The following provisions of sec23 tion 45(d) are each amended by striking ‘‘January 1, 

24 2014’’ each place it appears and inserting ‘‘January 1, 

25 2015’’: 

26 (1) Paragraph (1). 


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1 (2) Paragraph (2)(A). 

2 (3) Paragraph (3)(A). 

3 (4) Paragraph (4)(B). 

4 (5) Paragraph (6). 

5 (6) Paragraph (7). 

6 (7) Paragraph (9). 

7 (8) Paragraph (11)(B). 

8 (b) EXTENSION OF ELECTION TO TREAT QUALIFIED

9 FACILITIES AS ENERGY PROPERTY.—Clause (ii) of sec10 tion 48(a)(5)(C) is amended by striking ‘‘January 1, 

11 2014’’ and inserting ‘‘January 1, 2015’’. 

12 (c) EFFECTIVE DATES.—The amendments made by 

13 this section shall take effect on January 1, 2014. 

14 SEC. 156. EXTENSION OF CREDIT FOR ENERGY-EFFICIENT 

15 NEW HOMES. 

16 (a) IN GENERAL.—Subsection (g) of section 45L is 

17 amended by striking ‘‘December 31, 2013’’ and inserting 

18 ‘‘December 31, 2014’’. 

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

20 this section shall apply to homes acquired after December 

21 31, 2013. 


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1 SEC. 157. EXTENSION OF SPECIAL ALLOWANCE FOR SEC2 OND GENERATION BIOFUEL PLANT PROP3 ERTY. 

4 (a) IN GENERAL.—Subparagraph (D) of section 

5 168(l)(2) is amended by striking ‘‘January 1, 2014’’ and 

6 inserting ‘‘January 1, 2015’’. 

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

8 this section shall apply to property placed in service after 

9 December 31, 2013. 

10 SEC. 158. EXTENSION OF ENERGY EFFICIENT COMMERCIAL 

11 BUILDINGS DEDUCTION. 

12 (a) IN GENERAL.—Subsection (h) of section 179D is 

13 amended by striking ‘‘December 31, 2013’’ and inserting 

14 ‘‘December 31, 2014’’. 

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

16 this section shall apply to property placed in service after 

17 December 31, 2013. 

18 SEC. 159. EXTENSION OF SPECIAL RULE FOR SALES OR DIS19 POSITIONS TO IMPLEMENT FERC OR STATE 

20 ELECTRIC RESTRUCTURING POLICY FOR 

21 QUALIFIED ELECTRIC UTILITIES. 

22 (a) IN GENERAL.—Paragraph (3) of section 451(i) 

23 is amended by striking ‘‘January 1, 2014’’ and inserting 

24 ‘‘January 1, 2015’’. 


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

2 this section shall apply to dispositions after December 31, 

3 2013. 

4 SEC. 160. EXTENSION OF EXCISE TAX CREDITS RELATING 

5 TO CERTAIN FUELS. 

6 (a) EXCISE TAX CREDITS AND OUTLAY PAYMENTS

7 FOR BIODIESEL AND RENEWABLE DIESEL FUEL MIX8 TURES.— 

9 (1) Paragraph (6) of section 6426(c) is amend10 ed by striking ‘‘December 31, 2013’’ and inserting 

11 ‘‘December 31, 2014’’. 

12 (2) Subparagraph (B) of section 6427(e)(6) is 

13 amended by striking ‘‘December 31, 2013’’ and in14 serting ‘‘December 31, 2014’’. 

15 (b) EXTENSION OF ALTERNATIVE FUELS EXCISE

16 TAX CREDITS.— 

17 (1) IN GENERAL.—Sections 6426(d)(5) and 

18 6426(e)(3) are each amended by striking ‘‘December 

19 31, 2013’’ and inserting ‘‘December 31, 2014’’. 

20 (2) OUTLAY PAYMENTS FOR ALTERNATIVE

21 FUELS.—Subparagraph (C) of section 6427(e)(6) is 

22 amended by striking ‘‘December 31, 2013’’ and in23 serting ‘‘December 31, 2014’’. 

24 (c) EXTENSION OF ALTERNATIVE FUELS EXCISE

25 TAX CREDITS RELATING TO LIQUEFIED HYDROGEN.— 


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1 (1) IN GENERAL.—Sections 6426(d)(5) and 

2 6426(e)(3), as amended by subsection (b), are each 

3 amended by striking ‘‘(September 30, 2014 in the 

4 case of any sale or use involving liquefied hydro5 gen)’’. 

6 (2) OUTLAY PAYMENTS FOR ALTERNATIVE

7 FUELS.—Paragraph (6) of section 6427(e) is 

8 amended— 

9 (A) by striking ‘‘except as provided in sub10 paragraph (D), any’’ in subparagraph (C), as 

11 amended by this Act, and inserting ‘‘any’’, 

12 (B) by striking the comma at the end of 

13 subparagraph (C) and inserting ‘‘, and’’, and 

14 (C) by striking subparagraph (D) and re15 designating subparagraph (E) as subparagraph 

16 (D). 

17 (d) EFFECTIVE DATES.— 

18 (1) IN GENERAL.—Except as provided in para19 graph (2), the amendments made by this section 

20 shall apply to fuel sold or used after December 31, 

21 2013. 

22 (2) LIQUEFIED HYDROGEN.—The amendments 

23 made by subsection (c) shall apply to fuel sold or 

24 used after September 30, 2014. 


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1 (e) SPECIAL RULE FOR CERTAIN PERIODS DURING

2 2014.—Notwithstanding any other provision of law, in the 

3 case of— 

4 (1) any biodiesel mixture credit properly deter5 mined under section 6426(c) of the Internal Revenue 

6 Code of 1986 for periods after December 31, 2013, 

7 and before the date of the enactment of this Act, 

8 and 

9 (2) any alternative fuel credit properly deter10 mined under section 6426(d) of such Code for such 

11 periods, 

12 such credit shall be allowed, and any refund or payment 

13 attributable to such credit (including any payment under 

14 section 6427(e) of such Code) shall be made, only in such 

15 manner as the Secretary of the Treasury (or the Sec16 retary’s delegate) shall provide. Such Secretary shall issue 

17 guidance within 30 days after the date of the enactment 

18 of this Act providing for a one-time submission of claims 

19 covering periods described in the preceding sentence. Such 

20 guidance shall provide for a 180-day period for the sub21 mission of such claims (in such manner as prescribed by 

22 such Secretary) to begin not later than 30 days after such 

23 guidance is issued. Such claims shall be paid by such Sec24 retary not later than 60 days after receipt. If such Sec25 retary has not paid pursuant to a claim filed under this 


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1 subsection within 60 days after the date of the filing of 

2 such claim, the claim shall be paid with interest from such 

3 date determined by using the overpayment rate and meth4 od under section 6621 of such Code. 

5 Subtitle D—Extenders Relating to 

6 Multiemployer Defined Benefit 

7 Pension Plans 

8 SEC. 171. EXTENSION OF AUTOMATIC EXTENSION OF AMOR9 TIZATION PERIODS. 

10 (a) IN GENERAL.—Subparagraph (C) of section 

11 431(d)(1) is amended by striking ‘‘December 31, 2014’’ 

12 and inserting ‘‘December 31, 2015’’. 

13 (b) AMENDMENT TO EMPLOYEE RETIREMENT IN14 COME SECURITY ACT OF 1974.—Subparagraph (C) of sec15 tion 304(d)(1) of the Employee Retirement Income Secu16 rity Act of 1974 (29 U.S.C. 1084(d)(1)(C)) is amended 

17 by striking ‘‘December 31, 2014’’ and inserting ‘‘Decem18 ber 31, 2015’’. 

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

20 this section shall apply to applications submitted under 

21 section 431(d)(1)(A) of the Internal Revenue Code of 

22 1986 and section 304(d)(1)(C) of the Employee Retire23 ment Income Security Act of 1974 after December 31, 

24 2014. 


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1 SEC. 172. EXTENSION OF SHORTFALL FUNDING METHOD 

2 AND ENDANGERED AND CRITICAL RULES. 

3 (a) IN GENERAL.—Paragraphs (1) and (2) of section 

4 221(c) of the Pension Protection Act of 2006 are each 

5 amended by striking ‘‘December 31, 2014’’ and inserting 

6 ‘‘December 31, 2015’’. 

7 (b) CONFORMING AMENDMENT.—Paragraph (2) of 

8 section 221(c) of the Pension Protection Act of 2006 is 

9 amended by striking ‘‘January 1, 2015’’ and inserting 

10 ‘‘January 1, 2016’’. 

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

12 this section shall apply to plan years beginning after De13 cember 31, 2014. 

14 TITLE II—TECHNICAL 

15 CORRECTIONS 

16 SEC. 201. SHORT TITLE. 

17 This title may be cited as the ‘‘Tax Technical Correc18 tions Act of 2014’’. 

19 SEC. 202. AMENDMENTS RELATING TO AMERICAN TAX20 PAYER RELIEF ACT OF 2012. 

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

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

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

24 68(b)(1)(C)’’. 

25 (b) AMENDMENT RELATING TO SECTION 102.— 

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


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1 ‘‘described in section 1(h)(1)(B) shall be treated as a ref2 erence to such excess as determined’’ and inserting ‘‘de3 scribed in section 1(h)(1)(B), and the reference in section 

4 55(b)(3)(C)(ii) to the excess described in section 

5 1(h)(1)(C)(ii), shall each be treated as a reference to each 

6 such excess as determined’’. 

7 (c) AMENDMENTS RELATING TO SECTION 104.— 

8 (1) Clause (ii) of section 55(d)(4)(B) is amend9 ed by inserting ‘‘subparagraphs (A), (B), and (D) 

10 of’’ before ‘‘paragraph (1)’’. 

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

12 amended by striking ‘‘increase’’ and inserting ‘‘in13 creased amount’’. 

14 (d) AMENDMENTS RELATING TO SECTION 310.— 

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

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

17 after 2010’’, and 

18 (2) by striking ‘‘of such allocation’’ and insert19 ing ‘‘of any such allocation’’. 

20 (e) AMENDMENT RELATING TO SECTION 331.— 

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

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

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

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


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1 of the American Taxpayer Relief Act of 2012 to which 

2 they relate. 

3 SEC. 203. AMENDMENT RELATING TO MIDDLE CLASS TAX 

4 RELIEF AND JOB CREATION ACT OF 2012. 

5 (a) AMENDMENT RELATING TO SECTION 7001.— 

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

7 Relief and Job Creation Act of 2012 is amended by strik8 ing ‘‘201(b)’’ and inserting ‘‘202(b)’’. 

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

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

11 7001 of the Middle Class Tax Relief and Job Creation 

12 Act of 2012. 

13 SEC. 204. AMENDMENT RELATING TO FAA MODERNIZATION 

14 AND REFORM ACT OF 2012. 

15 (a) AMENDMENT RELATING TO SECTION 1107.— 

16 Section 4281 is amended to read as follows: 

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

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

19 4261 and 4271 shall not apply to transportation by an 

20 aircraft having a maximum certificated takeoff weight of 

21 6,000 pounds or less, except when such aircraft is oper22 ated on an established line or when such aircraft is a jet 

23 aircraft. 

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

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1 cated takeoff weight’ means the maximum such weight 

2 contained in the type certificate or airworthiness certifi3 cate. 

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

5 aircraft shall not be considered as operated on an estab6 lished line at any time during which such aircraft is being 

7 operated on a flight the sole purpose of which is sight8 seeing. 

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

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

11 is a rotorcraft or propeller aircraft.’’. 

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

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

14 1107 of the FAA Modernization and Reform Act of 2012. 

15 SEC. 205. AMENDMENTS RELATING TO REGULATED INVEST16 MENT COMPANY MODERNIZATION ACT OF 

17 2010. 

18 (a) AMENDMENTS RELATING TO SECTION 101.— 

19 (1) Subsection (c) of section 101 of the Regu20 lated Investment Company Modernization Act of 

21 2010 is amended— 

22 (A) by striking ‘‘paragraph (2)’’ in para23 graph (1) and inserting ‘‘paragraphs (2) and 

24 (3)’’, and 


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

2 paragraph: 

3 ‘‘(3) EXCISE TAX.— 

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

5 subparagraph (B), for purposes of section 4982 

6 of the Internal Revenue Code of 1986, para7 graphs (1) and (2) shall apply by substituting 

8 ‘the 1-year periods taken into account under 

9 subsection (b)(1)(B) of such section with re10 spect to calendar years beginning after Decem11 ber 31, 2010’ for ‘taxable years beginning after 

12 the date of the enactment of this Act’. 

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

14 company may elect to apply subparagraph (A) 

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

16 shall be made at such time and in such form 

17 and manner as the Secretary of the Treasury 

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

19 (2) The first sentence of paragraph (2) of sec20 tion 852(c) is amended— 

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

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

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

24 any capital loss arising on the first day of the 

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


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

2 the end. 

3 (b) AMENDMENT RELATING TO SECTION 304.— 

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

5 ‘‘on or’’ before ‘‘before’’. 

6 (c) AMENDMENTS RELATING TO SECTION 308.— 

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

8 by redesignating subparagraph (E) as subparagraph 

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

10 inserting the following new subparagraphs: 

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

12 purposes of this paragraph, the term ‘post-Oc13 tober capital loss’ means— 

14 ‘‘(i) any net capital loss attributable 

15 to the portion of the taxable year after Oc16 tober 31, or 

17 ‘‘(ii) if there is no such loss— 

18 ‘‘(I) any net long-term capital 

19 loss attributable to such portion of the 

20 taxable year, or 

21 ‘‘(II) any net short-term capital 

22 loss attributable to such portion of the 

23 taxable year. 

24 ‘‘(D) LATE-YEAR ORDINARY LOSS.—For 

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


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1 ordinary loss’ means the sum of any post-Octo2 ber specified loss and any post-December ordi3 nary loss. 

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

5 For purposes of this paragraph, the term ‘post6 October specified loss’ means the excess (if any) 

7 of— 

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

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

10 the portion of the taxable year after Octo11 ber 31, over 

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

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

14 such portion of the taxable year. 

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

16 For purposes of this paragraph, the term ‘post17 December ordinary loss’ means the excess (if 

18 any) of— 

19 ‘‘(i) the ordinary losses not described 

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

21 the portion of the taxable year after De22 cember 31, over 

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1 utable to such portion of the taxable 

2 year.’’. 

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

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

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

6 (3) The first sentence of paragraph (2) of sec7 tion 852(c), as amended by subsection (a), is amend8 ed— 

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

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

11 (B) by inserting ‘‘, and with such other ad12 justments as the Secretary may prescribe’’ be13 fore the period at the end. 

14 (d) AMENDMENTS RELATING TO SECTION 402.— 

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

16 amended by inserting before the period at the end 

17 the following: ‘‘or which determines income by ref18 erence to the value of an item on the last day of the 

19 taxable year’’. 

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

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

22 follows through ‘‘any net ordinary loss’’ and insert23 ing ‘‘such company may elect to determine its ordi24 nary income and net ordinary loss (as defined in 


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

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

3 (e) CLERICAL AMENDMENT RELATING TO SECTION

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

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

6 (B)(i)’’. 

7 (f) EFFECTIVE DATE.— 

8 (1) IN GENERAL.—Except as provided in para9 graph (2), the amendments made by this section 

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

11 Regulated Investment Company Modernization Act 

12 of 2010 to which they relate. 

13 (2) SAVINGS PROVISION.—In the case of an 

14 election by a regulated investment company under 

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

16 1986 with respect to any taxable year beginning be17 fore the date of the enactment of this Act, such com18 pany may treat the amendments made by para19 graphs (1) and (2) of subsection (c) as not applying 

20 with respect to any such election. 


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1 SEC. 206. 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) the day after the date set forth 

23 in section 1391(d)(1)(A)(i) were sub24 stituted for ‘January 1, 2010’ each place it 

25 appears.’’. 


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

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

3 of the Tax Relief, Unemployment Insurance Reauthoriza4 tion, and Job Creation Act of 2010 to which they relate. 

5 SEC. 207. AMENDMENTS RELATING TO CREATING SMALL 

6 BUSINESS JOBS ACT OF 2010. 

7 (a) AMENDMENTS RELATING TO SECTION 2102.— 

8 (1) Subsection (h) of section 2102 of the Cre9 ating Small Business Jobs Act of 2010 is amended 

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

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

12 be filed’’. 

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

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

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

16 inserting ‘‘the date prescribed for furnishing such 

17 statement’’. 

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

19 amended by striking ‘‘filed’’ and inserting ‘‘fur20 nished’’. 

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

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

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

24 they relate. 


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1 SEC. 208. 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. 209. AMENDMENTS RELATING TO AMERICAN RECOV12 ERY 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 

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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. 210. 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. 

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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 (A) Paragraph (5) of section 168(b) is 

24 amended by striking ‘‘(2)(C)’’ and inserting 

25 ‘‘(2)(D)’’. 


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1 (B) The last sentence of section 

2 168(k)(4)(C)(i) is amended by striking 

3 ‘‘(b)(2)(C)’’ and inserting ‘‘(b)(2)(D)’’. 

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

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

6 of the Energy Improvement and Extension Act of 2008 

7 to which they relate. 

8 SEC. 211. AMENDMENTS RELATING TO TAX EXTENDERS 

9 AND ALTERNATIVE MINIMUM TAX RELIEF 

10 ACT OF 2008. 

11 (a) AMENDMENT RELATING TO SECTION 208.—Sub12 section (b) of section 208 of the Tax Extenders and Alter13 native Minimum Tax Relief Act of 2008 is amended to 

14 read as follows: 

15 ‘‘(b) EFFECTIVE DATE.— 

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

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

18 Notwithstanding the preceding sentence, such 

19 amendment shall not apply with respect to the with20 holding requirement under section 1445 of the Inter21 nal Revenue Code of 1986 for any payment made 

22 before October 4, 2008. 

23 ‘‘(2) AMOUNTS WITHHELD ON OR BEFORE

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

25 investment company— 


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1 ‘‘(A) which makes a distribution after De2 cember 31, 2007, and before October 4, 2008, 

3 and 

4 ‘‘(B) which would (but for the second sen5 tence of paragraph (1)) have been required to 

6 withhold with respect to such distribution under 

7 section 1445 of such Code, 

8 such investment company shall not be liable to any 

9 person to whom such distribution was made for any 

10 amount so withheld and paid over to the Secretary 

11 of the Treasury.’’. 

12 (b) AMENDMENTS RELATING TO SECTION 305.— 

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

14 amended by inserting ‘‘which is not qualified leasehold im15 provement property’’ after ‘‘Property described in this 

16 paragraph’’. 

17 (c) CLERICAL AMENDMENTS.— 

18 (1) AMENDMENTS RELATING TO SECTION

19 706.— 

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

21 amended by inserting ‘‘is’’ before 

22 ‘‘compulsorily’’. 

23 (B) Subclause (II) of section 

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1 section (h)(3)(C)(i)’’ and inserting ‘‘section 

2 165(h)(3)(C)(i)’’. 

3 (C) The heading for paragraph (1) of sec4 tion 165(h) is amended by striking ‘‘$100’’ and 

5 inserting ‘‘DOLLAR’’. 

6 (2) AMENDMENT RELATING TO SECTION 709.— 

7 Subsection (k) of section 143 is amended by redesig8 nating the second paragraph (12) (relating to special 

9 rules for residences destroyed in Federally declared 

10 disasters) as paragraph (13). 

11 (3) AMENDMENT RELATING TO SECTION 712.— 

12 Section 712 of the Tax Extenders and Alternative 

13 Minimum Tax Relief Act of 2008 is amended by 

14 striking ‘‘section 702(c)(1)(A)’’ and inserting ‘‘sec15 tion 702(b)(1)(A)’’. 

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

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

18 of the Tax Extenders and Alternative Minimum Tax Relief 

19 Act of 2008 to which they relate. 

20 SEC. 212. CLERICAL AMENDMENTS RELATING TO HOUSING 

21 ASSISTANCE TAX ACT OF 2008. 

22 (a) AMENDMENT RELATING TO SECTION 3002.— 

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

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

25 following: ‘‘For purposes of this section— 


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1 ‘‘(A) IN GENERAL.—The term’’. 

2 (b) AMENDMENT RELATING TO SECTION 3081.— 

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

4 ‘‘adjusted minimum tax’’ and inserting ‘‘adjusted net min5 imum tax’’. 

6 (c) AMENDMENT RELATING TO SECTION 3092.— 

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

8 the second paragraph (4) (relating to exclusion of gain al9 located to nonqualified use) as paragraph (5). 

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

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

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

13 relate. 

14 SEC. 213. AMENDMENTS AND PROVISION RELATING TO HE15 ROES EARNINGS ASSISTANCE AND RELIEF 

16 TAX ACT OF 2008. 

17 (a) AMENDMENT RELATING TO SECTION 106.— 

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

19 Assistance and Relief Tax Act of 2008 is amended by 

20 striking ‘‘substituting for’’ and inserting ‘‘substituting 

21 ‘June 17, 2008’ for’’. 

22 (b) AMENDMENT RELATING TO SECTION 114.— 

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

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

25 plan)’’ before ‘‘merely’’. 


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1 (c) CLERICAL AMENDMENTS.— 

2 (1) AMENDMENT RELATING TO SECTION 110.— 

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

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

5 (2) AMENDMENT RELATING TO SECTION 301.— 

6 Paragraph (2) of section 877(e) is amended by strik7 ing ‘‘subparagraph (A) or (B) of’’. 

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

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

10 of the Heroes Earnings Assistance and Relief Tax Act of 

11 2008 to which they relate. 

12 SEC. 214. AMENDMENTS RELATING TO ECONOMIC STIM13 ULUS ACT OF 2008. 

14 (a) AMENDMENTS RELATING TO SECTION 101.— 

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

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

17 (L) and inserting ‘‘or 32’’, and 

18 (2) by striking ‘‘and’’ at the end of subpara19 graph (O), by striking the period at the end of sub20 paragraph (P) and inserting ‘‘, and’’, and by insert21 ing after subparagraph (P) the following new sub22 paragraph: 

23 ‘‘(Q) an omission of a correct valid identi24 fication number required under section 6428(h) 


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1 (relating to 2008 recovery rebates for individ2 uals) to be included on a return.’’. 

3 (b) CLERICAL AMENDMENT RELATING TO SECTION

4 103.—Subclause (IV) of section 168(k)(2)(B)(i) is amend5 ed by striking ‘‘clauses also apply’’ and inserting ‘‘clause 

6 also applies’’. 

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

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

9 of the Economic Stimulus Act of 2008 to which they re10 late. 

11 SEC. 215. AMENDMENTS RELATING TO TAX TECHNICAL 

12 CORRECTIONS ACT OF 2007. 

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

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

15 the end the following flush sentence: 

16 ‘‘For purposes of this paragraph, the amount ex17 cluded under subsection (a) shall be reduced by the 

18 aggregate amount of any deductions or exclusions 

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

20 such excluded amount.’’. 

21 (b) CLERICAL AMENDMENT RELATING TO SECTION

22 11(g).—Clause (iv) of section 56(g)(4)(C) is amended by 

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

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1 plies which is engaged in the marketing of agricultural or 

2 horticultural products’’. 

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

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

5 of the Tax Technical Corrections Act of 2007 to which 

6 they relate. 

7 SEC. 216. AMENDMENT RELATING TO TAX RELIEF AND 

8 HEALTH CARE ACT OF 2006. 

9 (a) AMENDMENT RELATING TO SECTION 105.—Sub10 paragraph (B) of section 45A(b)(1) is amended by adding 

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

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

13 51, the preceding sentence shall be applied by substituting 

14 ‘2-year period’ for ‘1-year period’.’’. 

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

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

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

18 it relates. 

19 SEC. 217. AMENDMENT RELATING TO SAFE, ACCOUNTABLE, 

20 FLEXIBLE, EFFICIENT TRANSPORTATION EQ21 UITY ACT OF 2005: A LEGACY FOR USERS. 

22 (a) AMENDMENT RELATING TO SECTION 11161.— 

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

24 before the period at the end the following: ‘‘and taxes re25 ceived under section 4081 shall be determined without reVerDate Sep 11 2014 00:01 Dec 02, 2014 Jkt 049200 PO 00000 Frm 00064 Fmt 6652 Sfmt 6201 E:\BILLS\H5771.IH H5771

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1 gard to tax receipts attributable to the rate specified in 

2 section 4081(a)(2)(C)’’. 

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

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

5 of the Safe, Accountable, Flexible, Efficient Transpor6 tation Equity Act of 2005: A Legacy for Users to which 

7 it relates. 

8 SEC. 218. AMENDMENTS RELATING TO ENERGY TAX INCEN9 TIVES ACT OF 2005. 

10 (a) AMENDMENT RELATING TO SECTION 1341.— 

11 Subparagraph (B) of section 30B(h)(5) is amended by in12 serting ‘‘(determined without regard to subsection (g))’’ 

13 before the period at the end. 

14 (b) AMENDMENT RELATING TO SECTION 1342.— 

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

16 follows: 

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

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

19 credit is allowable under subsection (a) shall be re20 duced by the amount of such credit so allowed (de21 termined without regard to subsection (d)).’’. 

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

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

24 of the Energy Tax Incentives Act of 2005 to which it re25 lates. 


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1 SEC. 219. AMENDMENTS RELATING TO AMERICAN JOBS 

2 CREATION 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. 220. 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 ‘‘in 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) Section 7122 is amended by redesignating the 

24 second subsection (f) (relating to frivolous submissions, 

25 etc.) as subsection (g). 


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1 (z) Subsection (a) of section 9035 is amended by 

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

3 315(b)(1)(A)’’. 

4 (aa) Section 9802 is amended by redesignating the 

5 second subsection (f) (relating to genetic information of 

6 a fetus or embryo) as subsection (g). 

7 (bb) Paragraph (3) of section 13(e) of the Worker, 

8 Homeownership, and Business Assistance Act of 2009 is 

9 amended by striking ‘‘subsection (d)’’ and inserting ‘‘sub10 section (c)’’. 

11 SEC. 221. DEADWOOD PROVISIONS. 

12 (a) IN GENERAL.— 

13 (1) ADJUSTMENTS IN TAX TABLES SO THAT IN14 FLATION WILL NOT RESULT IN TAX INCREASES.— 

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

16 follows: 

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

18 In prescribing tables under paragraph (1) which 

19 apply to taxable years beginning in a calendar year 

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

21 making adjustments to the dollar amounts at which 

22 the 36 percent rate bracket begins or at which the 

23 39.6 percent rate bracket begins shall be determined 

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

25 ‘1992’.’’. 


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

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

3 of chapter 1 is amended by striking section 30 

4 (and by striking the item relating to such sec5 tion in the table of sections for such subpart). 

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

7 amended by section 209(f)(1) of this Act, is 

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

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

10 and by redesignating paragraph (37) as para11 graph (36). 

12 (C) Subclause (VI) of section 

13 48C(c)(1)(A)(i) is amended by striking ‘‘, quali14 fied plug-in electric vehicles (as defined by sec15 tion 30(d)),’’. 

16 (D) Section 1016(a) is amended by strik17 ing paragraph (25). 

18 (E) Section 6501(m) is amended by strik19 ing ‘‘section 30(e)(6),’’. 

20 (3) EARNED INCOME CREDIT.— 

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

22 amended— 

23 (i) by striking subparagraphs (B) and 

24 (C), and 


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1 (ii) by striking ‘‘(A) IN GENERAL.— 

2 In the case of taxable years beginning 

3 after 1995:’’ in subparagraph (A) and 

4 moving the table 2 ems to the left. 

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

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

7 that follows and inserting ‘‘increased by 

8 $3,000.’’. 

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

10 6213(g)(2), as amended by section 214(a)(2) of this 

11 Act, is amended by striking subparagraph (P). 

12 (5) MAKING WORK PAY CREDIT.— 

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

14 of chapter 1 is amended by striking section 36A 

15 (and by striking the item relating to such sec16 tion in the table of sections for such subpart). 

17 (B) Subparagraph (A) of section 

18 6211(b)(4) is amended by striking ‘‘, 36A’’. 

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

20 striking subparagraph (N). 

21 (6) GENERAL BUSINESS CREDITS.—Subsection 

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

23 (3). 


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

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

3 ‘‘($1.50 for 2001)’’. 

4 (8) MINIMUM TAX CREDIT.— 

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

6 subsections (e) and (f). 

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

8 striking subsection (f) of section 53 of the In9 ternal Revenue Code of 1986 shall not be con10 strued to allow any tax abated by reason of sec11 tion 53(f)(1) of such Code (as in effect before 

12 such amendment) to be included in the amount 

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

14 Code. 

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

16 amended by striking ‘‘, 53(e)’’. 

17 (9) ADJUSTMENTS BASED ON ADJUSTED CUR18 RENT EARNINGS.—Clause (ii) of section 56(g)(4)(F) 

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

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

21 and inserting ‘‘Clause’’. 

22 (10) ITEMS OF TAX PREFERENCE; DEPLE23 TION.—Paragraph (1) of section 57(a) is amended 

24 by striking ‘‘Effective with respect to taxable years 


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1 beginning after December 31, 1992, this’’ and in2 serting ‘‘This’’. 

3 (11) INTANGIBLE DRILLING COSTS.— 

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

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

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

7 and inserting ‘‘This’’. 

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

9 amended by striking ‘‘(30 percent in case of 

10 taxable years beginning in 1993)’’. 

11 (12) ENVIRONMENTAL TAX.— 

12 (A) Subchapter A of chapter 1 is amended 

13 by striking part VII (and by striking the item 

14 relating to such part in the table of parts for 

15 such subchapter). 

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

17 amended by striking subparagraph (B). 

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

19 paragraph (1) and by redesignating paragraphs 

20 (2), (3), and (4) as paragraphs (1), (2), and 

21 (3), respectively. 

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

23 amended by striking paragraph (5). 

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

25 the last sentence. 


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1 (F) Section 882(a)(1) is amended by strik2 ing ‘‘, 59A’’. 

3 (G) Section 936(a)(3) is amended by strik4 ing subparagraph (A) and by redesignating sub5 paragraphs (B), (C), and (D) as subparagraphs 

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

7 (H) Section 1561(a) is amended— 

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

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

10 end of paragraph (3) and inserting a pe11 riod, and by striking paragraph (4), and 

12 (ii) by striking ‘‘, the amount speci13 fied in paragraph (3), and the amount 

14 specified in paragraph (4)’’ and inserting 

15 ‘‘and the amount specified in paragraph 

16 (3)’’. 

17 (I) Section 4611(e) is amended— 

18 (i) by striking ‘‘section 59A, this sec19 tion,’’ in paragraph (2)(B) and inserting 

20 ‘‘this section’’, and 

21 (ii) in paragraph (3)(A)— 

22 (I) by striking ‘‘section 59A,’’, 

23 and 

24 (II) by striking the comma after 

25 ‘‘rate)’’. 


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

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

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

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

5 (K) Section 6655 is amended— 

6 (i) in subsections (e)(2)(A)(i) and 

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

8 alternative minimum taxable income, and 

9 modified alternative minimum taxable in10 come’’ and inserting ‘‘taxable income and 

11 alternative minimum taxable income’’, 

12 (ii) in subsection (e)(2)(B), by strik13 ing clause (iii), and 

14 (iii) in subsection (g)(1)(A), by insert15 ing ‘‘plus’’ at the end of clause (ii), by 

16 striking clause (iii), and by redesignating 

17 clause (iv) as clause (iii). 

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

19 striking ‘‘59A,’’. 

20 (13) STANDARD DEDUCTION.— 

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

22 63(c) as follows ‘‘the sum of—’’ is amended to 

23 read as follows: 

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

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


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1 (B) Subsection (c) of section 63 is amend2 ed by striking paragraphs (7), (8), and (9). 

3 (14) ANNUITIES; CERTAIN PROCEEDS OF EN4 DOWMENT AND LIFE INSURANCE CONTRACTS.—Sec5 tion 72 is amended— 

6 (A) in subsection (c)(4), by striking ‘‘; ex7 cept that if such date was before January 1, 

8 1954, then the annuity starting date is January 

9 1, 1954’’, and 

10 (B) in subsection (g)(3), by striking ‘‘Jan11 uary 1, 1954, or’’ and ‘‘, whichever is later’’. 

12 (15) UNEMPLOYMENT COMPENSATION.—Sec13 tion 85 is amended by striking subsection (c). 

14 (16) ACCIDENT AND HEALTH PLANS.—Section 

15 105(f) is amended by striking ‘‘or (d)’’. 

16 (17) FLEXIBLE SPENDING ARRANGEMENTS.— 

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

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

19 ‘‘Gross’’. 

20 (18) CERTAIN COMBAT ZONE COMPENSATION

21 OF MEMBERS OF THE ARMED FORCES.—Subsection 

22 (c) of section 112 is amended— 

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

24 paragraph (2), and 


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

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

3 zone.’’. 

4 (19) LEGAL SERVICE PLANS.— 

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

6 is amended by striking section 120 (and by 

7 striking the item relating to such section in the 

8 table of sections for such subpart). 

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

10 striking ‘‘120,’’. 

11 (ii) Section 414(t)(2) is amended by strik12 ing ‘‘120,’’. 

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

14 paragraph (20). 

15 (iv) Section 3121(a) is amended by strik16 ing paragraph (17). 

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

18 paragraph (7). 

19 (vi) Section 3306(b) is amended by strik20 ing paragraph (12). 

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

22 striking ‘‘120,’’. 

23 (viii) Section 209(a)(14) of the Social Se24 curity Act is amended— 

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


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1 (II) by striking ‘‘(14)(A)’’ and insert2 ing ‘‘(14)’’. 

3 (20) PRINCIPAL RESIDENCE.—Section 

4 121(b)(3) is amended— 

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

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

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

8 the left. 

9 (21) CERTAIN REDUCED UNIFORMED SERVICES

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

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

12 (22) GREAT PLAINS CONSERVATION PRO13 GRAM.—Section 126(a) is amended by striking para14 graph (6) and by redesignating paragraphs (7), (8), 

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

16 respectively. 

17 (23) TREBLE DAMAGE PAYMENTS UNDER THE

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

19 striking the last sentence. 

20 (24) STATE LEGISLATORS’ TRAVEL EXPENSES

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

22 162(h) is amended by striking ‘‘For taxable years 

23 beginning after December 31, 1980, this’’ and in24 serting ‘‘This’’. 

25 (25) INTEREST.— 


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1 (A) Section 163 is amended— 

2 (i) by striking paragraph (6) of sub3 section (d), and 

4 (ii) by striking paragraph (5) of sub5 section (h). 

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

7 striking clause (ii) and by redesignating clauses 

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

9 respectively. 

10 (26) QUALIFIED MOTOR VEHICLE TAXES.—Sec11 tion 164, as amended by section 209(c) of this Act, 

12 is amended by striking subsections (a)(6) and (b)(6). 

13 (27) DISASTER LOSSES.— 

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

15 amended by striking paragraph (3) and by re16 designating paragraphs (4) and (5) as para17 graphs (3) and (4), respectively. 

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

19 redesignated, is amended by striking ‘‘para20 graphs (2) and (3)’’ and inserting ‘‘paragraph 

21 (2)’’. 

22 (C) Subsection (i) of section 165 is amend23 ed— 

24 (i) in paragraph (1)— 


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1 (I) by striking ‘‘(as defined by 

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

3 and 

4 (II) by striking ‘‘(as defined by 

5 clause (i) of such subsection)’’, 

6 (ii) by striking ‘‘(as defined by sub7 section (h)(3)(C)(i)’’ in paragraph (4), and 

8 (iii) by adding at the end the fol9 lowing new paragraph: 

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

11 purposes of this subsection— 

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

13 declared disaster’ means any disaster subse14 quently determined by the President of the 

15 United States to warrant assistance by the Fed16 eral Government under the Robert T. Stafford 

17 Disaster Relief and Emergency Assistance Act. 

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

19 area’ means the area so determined to warrant 

20 such assistance.’’. 

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

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

23 ‘‘section 165(i)(5)’’. 

24 (28) CHARITABLE, ETC., CONTRIBUTIONS AND

25 GIFTS.—Section 170 is amended— 


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

2 (b), 

3 (B) by striking paragraph (6) of sub4 section (e), and 

5 (C) by striking subsection (k). 

6 (29) AMORTIZABLE BOND PREMIUM.— 

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

8 is amended to read as follows: 

9 ‘‘(B)(i) with reference to the amount pay10 able on maturity (or if it results in a smaller 

11 amortizable bond premium attributable to the 

12 period before the call date, with reference to the 

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

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

15 and 

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

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

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

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

20 171(b) are each amended by striking ‘‘para21 graph (1)(B)(ii)’’ and inserting ‘‘paragraph 

22 (1)(B)(i)’’. 

23 (30) NET OPERATING LOSS CARRYBACKS, 

24 CARRYOVERS, AND CARRYFORWARDS.— 


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1 (A) Section 172, as amended by section 

2 211(c)(1)(B) of this Act, is amended— 

3 (i) by striking subparagraphs (D), 

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

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

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

7 (F), respectively, and 

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

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

10 and (k) as subsections (g), (h), and (i), re11 spectively. 

12 (B) Each of the following provisions of sec13 tion 172 (as amended by section 211(c)(1)(B) 

14 of this Act and as redesignated by subpara15 graph (A)) are amended as follows: 

16 (i) By striking ‘‘ending after August 

17 2, 1989’’ in subsection (b)(1)(D)(i)(II). 

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

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

20 ‘‘subsection (g)’’. 

21 (iii) By striking ‘‘section 

22 165(h)(3)(C)(i)’’ in subsection 

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

24 165(i)(5)’’. 


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

2 all that follows in the last sentence of sub3 section (b)(1)(E)(ii) and inserting ‘‘sub4 section (h)).’’. 

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

6 subsection (b)(1)(F) and inserting ‘‘sub7 section (h)’’. 

8 (vi) By striking subparagraph (F) of 

9 paragraph (2) of subsection (g). 

10 (vii) By striking ‘‘subsection 

11 (b)(1)(E)’’ each place it appears in sub12 section (g)(4) and inserting ‘‘subsection 

13 (b)(1)(D)’’. 

14 (viii) By striking the last sentence of 

15 subsection (h)(1). 

16 (ix) By striking ‘‘subsection 

17 (b)(1)(G)’’ each place it appears in sub18 section (h)(3) and inserting ‘‘subsection 

19 (b)(1)(F)’’. 

20 (C) Subsection (d) of section 56 is amend21 ed by striking paragraph (3). 

22 (D) Paragraph (5) of section 382(l) is 

23 amended by striking subparagraph (F) and by 

24 redesignating subparagraphs (G) and (H) as 

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


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1 (31) RESEARCH AND EXPERIMENTAL EXPENDI2 TURES.—Subparagraph (A) of section 174(a)(2) is 

3 amended to read as follows: 

4 ‘‘(A) WITHOUT CONSENT.—A taxpayer 

5 may, without the consent of the Secretary, 

6 adopt the method provided in this subsection 

7 for his first taxable year for which expenditures 

8 described in paragraph (1) are paid or in9 curred.’’. 

10 (32) AMORTIZATION OF CERTAIN RESEARCH

11 AND EXPERIMENTAL EXPENDITURES.—Paragraph 

12 (2) of section 174(b) is amended by striking ‘‘begin13 ning after December 31, 1953’’. 

14 (33) SOIL AND WATER CONSERVATION EXPEND15 ITURES.—Paragraph (1) of section 175(d) is amend16 ed to read as follows: 

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

18 without the consent of the Secretary, adopt the 

19 method provided in this section for the taxpayer’s 

20 first taxable year for which expenditures described in 

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

22 (34) CLEAN-FUEL VEHICLES.— 

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

24 is amended by striking section 179A (and by 


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1 striking the item relating to such section in the 

2 table of sections for such part). 

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

4 at the end the following: 

5 ‘‘(7) REFERENCE.—For purposes of this sec6 tion, any reference to section 179A shall be treated 

7 as a reference to such section as in effect imme8 diately before its repeal.’’. 

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

10 paragraph (14). 

11 (D) Section 263(a)(1) is amended by strik12 ing subparagraph (H). 

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

14 striking subparagraph (C). 

15 (F) Section 312(k)(3) is amended by strik16 ing ‘‘179A,’’ each place it appears. 

17 (G) Section 1016(a) is amended by strik18 ing paragraph (24). 

19 (H) Section 1245(a) is amended by strik20 ing ‘‘179A,’’ each place it appears in para21 graphs (2)(C) and (3)(C). 

22 (35) QUALIFIED DISASTER EXPENSES.—Part 

23 VI of subchapter A of chapter 1 is amended by 

24 striking section 198A (and by striking the item reVerDate Sep 11 2014 00:01 Dec 02, 2014 Jkt 049200 PO 00000 Frm 00086 Fmt 6652 Sfmt 6201 E:\BILLS\H5771.IH H5771

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1 lating to such section in the table of sections for 

2 such part). 

3 (36) ACTIVITIES NOT ENGAGED IN FOR PROF4 IT.—Section 183(e)(1) is amended by striking the 

5 last sentence. 

6 (37) DOMESTIC PRODUCTION ACTIVITIES.— 

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

8 amended— 

9 (i) by striking paragraph (2), 

10 (ii) by redesignating subparagraphs 

11 (A) and (B) of paragraph (1) as para12 graphs (1) and (2), respectively, and by 

13 moving paragraphs (1) and (2) (as so re14 designated) 2 ems to the left, and 

15 (iii) by striking ‘‘ALLOWANCE OF DE16 DUCTION.—’’ and all that follows through 

17 ‘‘There shall be allowed’’ and inserting the 

18 following: 

19 ‘‘(a) ALLOWANCE OF DEDUCTION.—There shall be 

20 allowed’’. 

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

22 199(d) are each amended by striking 

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

24 (38) RETIREMENT SAVINGS.— 


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

2 is amended to read as follows: 

3 ‘‘(A) IN GENERAL.—The deductible 

4 amount is $5,000.’’. 

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

6 amended to read as follows: 

7 ‘‘(ii) APPLICABLE AMOUNT.—For pur8 poses of clause (i), the applicable amount 

9 is $1,000.’’. 

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

11 amended by striking subparagraph (C) and by 

12 redesignating subparagraph (D) as subpara13 graph (C). 

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

15 amended by striking ‘‘for a taxable year begin16 ning after December 31, 2006’’. 

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

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

19 following: 

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

21 joint return, $80,000. 

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

23 (other than a married individual filing a 

24 separate return), $50,000.’’. 


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

2 amended by striking ‘‘the dollar amount in the 

3 last row of the table contained in paragraph 

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

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

6 the dollar amount contained in paragraph 

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

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

9 and (7)(A)’’. 

10 (39) REPORTS REGARDING QUALIFIED VOL11 UNTARY RETIREMENT CONTRIBUTIONS.— 

12 (A) Section 219 is amended by striking 

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

14 (h). 

15 (B) Section 6652 is amended by striking 

16 subsection (g). 

17 (40) INTEREST ON EDUCATION LOANS.—Para18 graph (1) of section 221(b) is amended by striking 

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

20 ‘‘shall not exceed $2,500.’’. 

21 (41) DIVIDENDS RECEIVED ON CERTAIN PRE22 FERRED STOCK; AND DIVIDENDS PAID ON CERTAIN

23 PREFERRED STOCK OF PUBLIC UTILITIES.— 

24 (A) Sections 244 and 247 are hereby re25 pealed, and the table of sections for part VIII 


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1 of subchapter B of chapter 1 is amended by 

2 striking the items relating to sections 244 and 

3 247. 

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

5 amended to read as follows: 

6 ‘‘(5) COMPUTATION OF DEDUCTION FOR DIVI7 DENDS RECEIVED.—The deductions allowed by sec8 tion 243 (relating to dividends received by corpora9 tions) and 245 (relating to dividends received from 

10 certain foreign corporations) shall be computed with11 out regard to section 246(b) (relating to limitation 

12 on aggregate amount of deductions).’’. 

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

14 amended to read as follows: 

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

16 received from a 20-percent owned corporation, sub17 section (a)(1) shall be applied by substituting ‘80 

18 percent’ for ‘70 percent’.’’. 

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

20 paragraph (4). 

21 (E) Section 246 is amended— 

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

23 (a)(1), 

24 (ii) in subsection (b)(1)— 


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1 (I) by striking ‘‘sections 

2 243(a)(1), 244(a),’’ and inserting 

3 ‘‘section 243(a)(1)’’, 

4 (II) by striking ‘‘244(a),’’ the 

5 second place it appears, and 

6 (III) by striking ‘‘subsection (a) 

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

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

9 section 245,’’, and 

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

11 (c)(1). 

12 (F) Section 246A is amended by striking 

13 ‘‘, 244,’’ both places it appears in subsections 

14 (a) and (e). 

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

16 301(e)(2), 469(e)(4), 512(a)(3)(A), subpara17 graphs (A), (C), and (D) of section 805(a)(4), 

18 805(b)(5), 812(e)(2)(A), 815(c)(2)(A)(iii), 

19 832(b)(5), 833(b)(3)(E), and 1059(b)(2)(B) are 

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

21 it appears. 

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

23 striking ‘‘244,’’. 

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

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


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

2 striking ‘‘244 (relating to dividends on certain 

3 preferred stock of public utilities),’’. 

4 (K) The amendments made by this para5 graph shall not apply to preferred stock issued 

6 before October 1, 1942 (determined in the same 

7 manner as under section 247 of the Internal 

8 Revenue Code of 1986 as in effect before its re9 peal by such amendments). 

10 (42) ORGANIZATION EXPENSES.—Section 

11 248(c) is amended by striking ‘‘beginning after De12 cember 31, 1953,’’ and by striking the last sentence. 

13 (43) BOND REPURCHASE PREMIUM.—Section 

14 249(b)(1) is amended by striking ‘‘, in the case of 

15 bonds or other evidences of indebtedness issued after 

16 February 28, 1913,’’. 

17 (44) AMOUNT OF GAIN WHERE LOSS PRE18 VIOUSLY DISALLOWED.—Section 267(d) is amended 

19 by striking ‘‘(or by reason of section 24(b) of the In20 ternal Revenue Code of 1939)’’ in paragraph (1), by 

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

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

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

24 Code of 1939’’ in the last sentence. 


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1 (45) ACQUISITIONS MADE TO EVADE OR AVOID

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

3 269(a) are each amended by striking ‘‘or acquired 

4 on or after October 8, 1940,’’. 

5 (46) MEALS AND ENTERTAINMENT.—Para6 graph (3) of section 274(n) is amended— 

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

8 (B) by striking ‘‘substituting ‘the applica9 ble percentage’ for’’ and inserting ‘‘substituting 

10 ‘80 percent’ for’’, and 

11 (C) by striking subparagraph (B). 

12 (47) INTEREST ON INDEBTEDNESS INCURRED

13 BY CORPORATIONS TO ACQUIRE STOCK OR ASSETS

14 OF ANOTHER CORPORATION.— 

15 (A) Section 279 is amended— 

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

17 1967,’’ in subsection (a)(2), 

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

19 1969,’’ in subsection (b), 

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

21 1969, and’’ in subsection (d)(5), and 

22 (iv) by striking subsection (i) and re23 designating subsection (j) as subsection (i). 

24 (B) The amendments made by this para25 graph shall not— 


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1 (i) apply to obligations issued on or 

2 before October 9, 1969 (determined in the 

3 same manner as under section 279 of the 

4 Internal Revenue Code of 1986 as in effect 

5 before such amendments), and 

6 (ii) be construed to require interest on 

7 obligations issued on or before December 

8 31, 1967, to be taken into account under 

9 section 279(a)(2) of such Code (as in ef10 fect after such amendments). 

11 (48) BANK HOLDING COMPANIES.— 

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

13 repealed. 

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

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

16 SPECIAL RULE’’. 

17 (49) EFFECT ON EARNINGS AND PROFITS.— 

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

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

20 paragraph (2). 

21 (50) DISQUALIFIED STOCK.—Paragraph (3) of 

22 section 355(d) is amended by striking ‘‘after Octo23 ber 9, 1990, and’’ each place it appears. 

24 (51) BASIS TO CORPORATIONS.—Section 362 is 

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


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

2 22, 1954,’’ each place it appears in subsection (c). 

3 (52) TEMPORARY WAIVER OF MINIMUM RE4 QUIRED DISTRIBUTION.—Section 401(a)(9) is 

5 amended by striking subparagraph (H). 

6 (53) INDIVIDUAL RETIREMENT ACCOUNTS.— 

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

8 read as follows: 

9 ‘‘(i) IN GENERAL.—For purposes of 

10 subparagraph (A)(ii), the applicable 

11 amount is $10,000.’’. 

12 (54) TAX CREDIT EMPLOYEE STOCK OWNER13 SHIP PLANS.—Section 409 is amended by striking 

14 subsection (q). 

15 (55) CATCH-UP CONTRIBUTIONS.—Clauses (i) 

16 and (ii) of section 414(v)(2)(B) are amended to read 

17 as follows: 

18 ‘‘(i) In the case of an applicable em19 ployer plan other than a plan described in 

20 section 401(k)(11) or 408(p), the applica21 ble dollar amount is $5,000. 

22 ‘‘(ii) In the case of an applicable em23 ployer plan described in section 401(k)(11) 

24 or 408(p), the applicable dollar amount is 

25 $2,500.’’. 


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1 (56) EMPLOYEE STOCK PURCHASE PLANS.— 

2 Section 423(a) is amended by striking ‘‘after De3 cember 31, 1963,’’. 

4 (57) PENSION RELATED TRANSITION RULES.— 

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

6 striking ‘‘shall be’’ and all that follows and in7 serting ‘‘is $15,000.’’. 

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

9 417(e)(3) is amended— 

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

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

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

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

14 and 

15 (III) by striking ‘‘described in such 

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

17 section.’’. 

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

19 the Employee Retirement Income Security Act 

20 of 1974 (29 U.S.C. 1055(g)(3)(B)) is amend21 ed— 

22 (I) by striking subclauses (II) and 

23 (III), 

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

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


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

2 and 

3 (III) by striking ‘‘described in such 

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

5 section.’’. 

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

7 amended by striking subparagraph (B) and by 

8 striking ‘‘(A) IN GENERAL.—’’. 

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

10 Employee Retirement Income Security Act of 

11 1974 (29 U.S.C. 1083(c)) is amended by strik12 ing subparagraph (B) and by striking ‘‘(A) IN

13 GENERAL.—’’. 

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

15 amended by striking subparagraph (G). 

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

17 Employee Retirement Income Security Act of 

18 1974 (29 U.S.C. 1083(h)) is amended by strik19 ing subparagraph (G). 

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

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

22 Protection Act of 2006, is amended by striking 

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

24 ‘‘(A) IN GENERAL.—’’. 


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

2 of the Employee Retirement Income Security 

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

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

5 ‘‘(i) IN GENERAL.—’’. 

6 (F)(i) Section 436(j) is amended by strik7 ing the paragraph (3) added by section 

8 203(a)(2) of the Preservation of Access to Care 

9 for Medicare Beneficiaries and Pension Relief 

10 Act of 2010. 

11 (ii) Section 206(g)(9) of the Employee Re12 tirement Income Security Act of 1974 (29 

13 U.S.C. 1056(g)(9)) is amended by striking sub14 paragraph (D). 

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

16 subsection (m). 

17 (ii) Section 206(g) of the Employee Retire18 ment Income Security Act of 1974 (29 U.S.C. 

19 1056(g)) is amended by striking paragraph 

20 (11). 

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

22 striking ‘‘shall be’’ and all that follows and in23 serting ‘‘is $15,000.’’. 

24 (58) LIMITATION ON DEDUCTIONS FOR CER25 TAIN FARMING.— 


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1 (A) Section 464 is amended by striking 

2 ‘‘any farming syndicate (as defined in sub3 section (c))’’ both places it appears in sub4 sections (a) and (b) and inserting ‘‘any tax5 payer to whom subsection (d) applies’’. 

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

7 hereby moved to the end of section 461 and re8 designated as subsection (j). 

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

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

11 section’’ in paragraph (1) and inserting 

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

13 (II) by adding at the end the fol14 lowing new paragraphs: 

15 ‘‘(3) FARMING.—For purposes of this sub16 section, the term ‘farming’ has the meaning given to 

17 such term by section 464(e). 

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

19 of this subsection, the term ‘limited entrepreneur’ 

20 means a person who— 

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

22 than as a limited partner, and 

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

24 management of such enterprise.’’. 


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

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

3 inserting ‘‘subsection (j)’’. 

4 (C) Section 464 is amended— 

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

6 and redesignating subsections (d) and (f) 

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

8 and 

9 (ii) by adding at the end the following 

10 new subsection: 

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

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

13 or harvesting of any agricultural or horticultural com14 modity including the raising, shearing, feeding, caring for, 

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

16 preceding sentence, trees (other than trees bearing fruit 

17 or nuts) shall not be treated as an agricultural or horti18 cultural commodity.’’. 

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

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

21 amended— 

22 (i) by striking paragraph (1) and re23 designating paragraphs (2), (3), and (4) as 

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

25 and 


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1 (ii) by striking ‘‘SUBSECTIONS (A) 

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

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

4 is amended by striking ‘‘section 464(c)’’ and in5 serting ‘‘section 461(j)’’. 

6 (59) DEDUCTIONS LIMITED TO AMOUNT AT

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

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

9 beginning after December 31, 1978, this’’ and in10 serting ‘‘This’’. 

11 (60) PASSIVE ACTIVITY LOSSES AND CREDITS

12 LIMITED.— 

13 (A) Section 469 is amended by striking 

14 subsection (m). 

15 (B) Subsection (b) of section 58 is amend16 ed by adding ‘‘and’’ at the end of paragraph 

17 (1), by striking paragraph (2), and by redesig18 nating paragraph (3) as paragraph (2). 

19 (61) ADJUSTMENTS REQUIRED BY CHANGES IN

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

21 amended by striking subparagraph (C). 

22 (62) EXEMPTION FROM TAX ON CORPORATIONS, 

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

24 striking subsection (s). 

25 (63) REQUIREMENTS FOR EXEMPTION.— 


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

2 as follows: 

3 ‘‘(1) GENERAL RULE.—An organization de4 scribed in paragraph (17) or (18) of section 501(c), 

5 or described in section 401(a) and referred to in sec6 tion 4975(g) (2) or (3), shall not be exempt from 

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

8 prohibited transaction.’’. 

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

10 amended by striking ‘‘described in section 

11 501(c)(17) or (18) or paragraph (a)(1)(B)’’ and 

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

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

14 amended by striking ‘‘described in section 

15 501(c)(17) or (18) or subsection (a)(1)(B)’’ and 

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

17 (64) ACCUMULATED TAXABLE INCOME.—Para18 graph (1) of section 535(b) and paragraph (1) of 

19 section 545(b) are each amended by striking ‘‘sec20 tion 531’’ and all that follows and inserting ‘‘section 

21 531 or the personal holding company tax imposed by 

22 section 541.’’. 

23 (65) DEFINITION OF PROPERTY.—Subsection 

24 (b) of section 614 is amended— 


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

2 and 

3 (B) in paragraph (4), by striking ‘‘which4 ever of the following years is later: The first 

5 taxable year beginning after December 31, 

6 1963, or’’. 

7 (66) AMOUNTS RECEIVED BY SURVIVING ANNU8 ITANT UNDER JOINT AND SURVIVOR ANNUITY CON9 TRACT.—Subparagraph (A) of section 691(d)(1) is 

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

11 and’’. 

12 (67) INCOME TAXES OF MEMBERS OF ARMED

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

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

15 (68) SPECIAL RULES FOR COMPUTING RE16 SERVES.—Paragraph (7) of section 807(e) is amend17 ed by striking subparagraph (B) and redesignating 

18 subparagraph (C) as subparagraph (B). 

19 (69) INSURANCE COMPANY TAXABLE INCOME.— 

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

21 ‘‘of taxable years beginning after December 31, 

22 1966,’’. 

23 (B) Section 832(e)(6) is amended by strik24 ing ‘‘In the case of any taxable year beginning 


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

2 ‘‘The’’. 

3 (70) CAPITALIZATION OF CERTAIN POLICY AC4 QUISITION EXPENSES.—Section 848 is amended by 

5 striking subsection (j). 

6 (71) TAX ON NONRESIDENT ALIEN INDIVID7 UALS.—Subparagraph (B) of section 871(a)(1) is 

8 amended to read as follows: 

9 ‘‘(B) gains described in subsection (b) or 

10 (c) of section 631,’’. 

11 (72) LIMITATION ON CREDIT.—Paragraph (2) 

12 of section 904(d) is amended by striking subpara13 graph (J). 

14 (73) FOREIGN EARNED INCOME.—Clause (i) of 

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

16 ‘‘(i) IN GENERAL.—The exclusion 

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

18 (74) BASIS OF PROPERTY ACQUIRED FROM DE19 CEDENT.— 

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

21 as follows: 

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

23 2032, its value at the applicable valuation date pre24 scribed by such section,’’. 


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1 (B) Section 1014(b) is amended by strik2 ing paragraphs (7) and (8). 

3 (75) ADJUSTED BASIS.—Section 1016(a) is 

4 amended by striking paragraph (12). 

5 (76) PROPERTY ON WHICH LESSEE HAS MADE

6 IMPROVEMENTS.—Section 1019 is amended by strik7 ing the last sentence. 

8 (77) INVOLUNTARY CONVERSION.—Section 

9 1033 is amended by striking subsection (j) and by 

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

11 (j) and (k), respectively. 

12 (78) PROPERTY ACQUIRED DURING AFFILI13 ATION.—Section 1051 is hereby repealed, and the 

14 table of sections for part IV of subchapter O of 

15 chapter 1 is amended by striking the item relating 

16 to section 1051. 

17 (79) CAPITAL GAINS AND LOSSES.—Section 

18 1222 is amended by striking the last sentence. 

19 (80) HOLDING PERIOD OF PROPERTY.— 

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

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

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

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

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

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


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

2 1223 are repealed. 

3 (81) PROPERTY USED IN THE TRADE OR BUSI4 NESS AND INVOLUNTARY CONVERSIONS.—Subpara5 graph (A) of section 1231(c)(2) is amended by strik6 ing ‘‘beginning after December 31, 1981’’. 

7 (82) SALE OR EXCHANGE OF PATENTS.—Sec8 tion 1235 is amended— 

9 (A) by striking subsection (c) and by re10 designating subsections (d) and (e) as sub11 sections (c) and (d), respectively, and 

12 (B) by striking ‘‘subsection (d)’’ in sub13 section (b)(2)(B) and inserting ‘‘subsection 

14 (c)’’. 

15 (83) DEALERS IN SECURITIES.—Subsection (b) 

16 of section 1236 is amended by striking ‘‘after No17 vember 19, 1951,’’. 

18 (84) SALE OF PATENTS.—Subsection (a) of sec19 tion 1249 is amended by striking ‘‘after December 

20 31, 1962,’’. 

21 (85) GAIN FROM DISPOSITION OF FARMLAND.— 

22 Paragraph (1) of section 1252(a) is amended— 

23 (A) by striking ‘‘after December 31, 1969’’ 

24 the first place it appears, and 


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1 (B) by striking ‘‘after December 31, 

2 1969,’’ in subparagraph (A). 

3 (86) TREATMENT OF AMOUNTS RECEIVED ON

4 RETIREMENT OR SALE OR EXCHANGE OF DEBT IN5 STRUMENTS.—Subsection (c) of section 1271 is 

6 amended to read as follows: 

7 ‘‘(c) SPECIAL RULE FOR CERTAIN OBLIGATIONS

8 WITH RESPECT TO WHICH ORIGINAL ISSUE DISCOUNT

9 NOT CURRENTLY INCLUDIBLE.— 

10 ‘‘(1) IN GENERAL.—On the sale or exchange of 

11 debt instruments issued by a government or political 

12 subdivision thereof after December 31, 1954, and 

13 before July 2, 1982, or by a corporation after De14 cember 31, 1954, and on or before May 27, 1969, 

15 any gain realized which does not exceed— 

16 ‘‘(A) an amount equal to the original issue 

17 discount, or 

18 ‘‘(B) if at the time of original issue there 

19 was no intention to call the debt instrument be20 fore maturity, an amount which bears the same 

21 ratio to the original issue discount as the num22 ber of complete months that the debt instru23 ment was held by the taxpayer bears to the 

24 number of complete months from the date of 


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1 original issue to the date of maturity, shall be 

2 considered as ordinary income. 

3 ‘‘(2) SUBSECTION (a)(2)(A) NOT TO APPLY.— 

4 Subsection (a)(2)(A) shall not apply to any debt in5 strument referred to in paragraph (1) of this sub6 section. 

7 ‘‘(3) CROSS REFERENCE.—For current inclu8 sion of original issue discount, see section 1272.’’. 

9 (87) AMOUNT AND METHOD OF ADJUST10 MENT.—Section 1314 is amended by striking sub11 section (d) and by redesignating subsection (e) as 

12 subsection (d). 

13 (88) ELECTION; REVOCATION; TERMINATION.— 

14 Clause (iii) of section 1362(d)(3)(A) is amended by 

15 striking ‘‘unless’’ and all that follows and inserting 

16 ‘‘unless the corporation was an S corporation for 

17 such taxable year.’’. 

18 (89) OLD-AGE, SURVIVORS, AND DISABILITY IN19 SURANCE.—Subsection (a) of section 1401 is amend20 ed by striking ‘‘the following percent’’ and all that 

21 follows and inserting ‘‘12.4 percent of the amount of 

22 the self-employment income for such taxable year.’’. 

23 (90) HOSPITAL INSURANCE.—Paragraph (1) of 

24 section 1401(b) is amended by striking: ‘‘the fol25 lowing percent’’ and all that follows and inserting 


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1 ‘‘2.9 percent of the amount of the self-employment 

2 income for such taxable year.’’. 

3 (91) MINISTERS, MEMBERS OF RELIGIOUS OR4 DERS, AND CHRISTIAN SCIENCE PRACTITIONERS.— 

5 Paragraph (3) of section 1402(e) is amended— 

6 (A) by striking ‘‘whichever of the following 

7 dates is later: (A)’’, and 

8 (B) by striking ‘‘;or (B)’ ’’ and all that fol9 lows and inserting a period. 

10 (92) WITHHOLDING OF TAX ON NONRESIDENT

11 ALIENS.—The first sentence of subsection (b) of sec12 tion 1441 and the first sentence of paragraph (5) of 

13 section 1441(c) are each amended by striking ‘‘gains 

14 subject to tax’’ and all that follows through ‘‘Octo15 ber 4, 1966’’ and inserting ‘‘and gains subject to tax 

16 under section 871(a)(1)(D)’’. 

17 (93) AFFILIATED GROUP DEFINED.—Subpara18 graph (A) of section 1504(a)(3) is amended by strik19 ing ‘‘for a taxable year which includes any period 

20 after December 31, 1984’’ in clause (i) and by strik21 ing ‘‘in a taxable year beginning after December 31, 

22 1984’’ in clause (ii). 

23 (94) DISALLOWANCE OF THE BENEFITS OF

24 THE GRADUATED CORPORATE RATES AND ACCUMU25 LATED EARNINGS CREDIT.— 


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1 (A) Subsection (a) of section 1551 is 

2 amended— 

3 (i) by striking paragraph (1) and by 

4 redesignating paragraphs (2) and (3) as 

5 paragraphs (1) and (2), respectively, and 

6 (ii) by striking ‘‘after June 12, 1963,’’ 

7 each place it appears. 

8 (B) Section 1551(b) is amended— 

9 (i) by striking ‘‘or (2)’’ in paragraph 

10 (1), and 

11 (ii) by striking ‘‘(a)(3)’’ in paragraph 

12 (2) and inserting ‘‘(a)(2)’’. 

13 (95) CREDIT FOR STATE DEATH TAXES.— 

14 (A)(i) Part II of subchapter A of chapter 

15 11 is amended by striking section 2011 (and by 

16 striking the item relating to such section in the 

17 table of sections for such subpart). 

18 (ii) Section 2106(a)(4) is amended by 

19 striking ‘‘section 2011(a)’’ and inserting 

20 ‘‘2058(a)’’. 

21 (B)(i) Subchapter A of chapter 13 is 

22 amended by striking section 2604 (and by strik23 ing the item relating to such section in the 

24 table of sections for such subpart). 


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1 (ii) Clause (ii) of section 164(b)(4)(A) is 

2 amended by inserting ‘‘(as in effect before its 

3 repeal)’’ after ‘‘section 2604’’. 

4 (iii) Section 2654(a)(1) is amended by 

5 striking ‘‘(computed without regard to section 

6 2604)’’. 

7 (96) GROSS ESTATE.—Subsection (c) of section 

8 2031 is amended by striking paragraph (3) and by 

9 amending paragraph (1)(B) to read as follows: 

10 ‘‘(II) $500,000.’’. 

11 (97)(A) Part IV of subchapter A of chapter 11 

12 is amended by striking section 2057 (and by striking 

13 the item relating to such section in the table of sec14 tions for such subpart). 

15 (B) Paragraph (10) of section 2031(c) is 

16 amended by inserting ‘‘(as in effect before its re17 peal)’’ immediately before the period at the end 

18 thereof. 

19 (98) PROPERTY WITHIN THE UNITED

20 STATES.—Subsection (c) of section 2104 is amended 

21 by striking ‘‘With respect to estates of decedents 

22 dying after December 31, 1969, deposits’’ and in23 serting ‘‘Deposits’’. 

24 (99) FICA TAXES.— 


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1 (A) Subsection (a) of section 3101 is 

2 amended by striking ‘‘the following percent3 ages’’ and all that follows and inserting ‘‘6.2 

4 percent of the wages (as defined in section 

5 3121(a)) received by the individual with respect 

6 to employment (as defined in section 3121(b))’’. 

7 (B)(i) Subsection (a) of section 3111 is 

8 amended by striking ‘‘the following percent9 ages’’ and all that follows and inserting ‘‘6.2 

10 percent of the wages (as defined in section 

11 3121(a)) paid by the employer with respect to 

12 employment (as defined in section 3121(b)).’’. 

13 (ii) Subsection (b) of section 3111 is 

14 amended by striking ‘‘the following percent15 ages’’ and all that follows and inserting ‘‘1.45 

16 percent of the wages (as defined in section 

17 3121(a)) paid by the employer with respect to 

18 employment (as defined in section 3121(b)).’’. 

19 (C)(i) Section 3121(b) is amended by 

20 striking paragraph (17). 

21 (ii) Section 210(a) of the Social Security 

22 Act is amended by striking paragraph (17). 

23 (100) RAILROAD RETIREMENT.— 

24 (A) Subsection (b) of section 3201 is 

25 amended to read as follows: 


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1 ‘‘(b) TIER 2 TAX.—In addition to other taxes, there 

2 is hereby imposed on the income of each employee a tax 

3 equal to the percentage determined under section 3241 for 

4 any calendar year of the compensation received during 

5 such calendar year by such employee for services rendered 

6 by such employee.’’. 

7 (B) Subsection (b) of section 3211 is 

8 amended to read as follows: 

9 ‘‘(b) TIER 2 TAX.—In addition to other taxes, there 

10 is hereby imposed on the income of each employee rep11 resentative a tax equal to the percentage determined under 

12 section 3241 for any calendar year of the compensation 

13 received during such calendar year by such employee rep14 resentative for services rendered by such employee rep15 resentative.’’. 

16 (C) Subsection (b) of section 3221 is 

17 amended to read as follows: 

18 ‘‘(b) TIER 2 TAX.—In addition to other taxes, there 

19 is hereby imposed on every employer an excise tax, with 

20 respect to having individuals in his employ, equal to the 

21 percentage determined under section 3241 for any cal22 endar year of the compensation paid during such calendar 

23 year by such employer for services rendered to such em24 ployer.’’. 


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1 (D) Subsection (b) of section 3231 is 

2 amended— 

3 (i) by striking ‘‘compensation; except’’ 

4 and all that follows in the first sentence 

5 and inserting ‘‘compensation.’’, and 

6 (ii) by striking the second sentence. 

7 (101) CREDITS AGAINST FEDERAL UNEMPLOY8 MENT TAX.— 

9 (A) Paragraph (4) of section 3302(f) is 

10 amended— 

11 (i) by striking ‘‘subsection—’’ and all 

12 that follows through ‘‘(A) IN GENERAL.— 

13 The’’ and inserting ‘‘subsection, the’’, 

14 (ii) by striking subparagraph (B), 

15 (iii) by redesignating clauses (i) and 

16 (ii) as subparagraphs (A) and (B), respec17 tively, and 

18 (iv) by moving the text of such sub19 paragraphs (as so redesignated) 2 ems to 

20 the left. 

21 (B) Paragraph (5) of section 3302(f) is 

22 amended by striking subparagraph (D) and by 

23 redesignating subparagraph (E) as subpara24 graph (D). 


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1 (102) DOMESTIC SERVICE EMPLOYMENT

2 TAXES.—Section 3510(b) is amended by striking 

3 paragraph (4). 

4 (103) LUXURY PASSENGER AUTOMOBILES.— 

5 (A) Chapter 31 is amended by striking 

6 subchapter A (and by striking the item relating 

7 to such subchapter in the table of subchapters 

8 for such chapter). 

9 (B)(i) Section 4221 is amended— 

10 (I) in subsections (a) and (d)(1), by 

11 striking ‘‘subchapter A or’’ and inserting 

12 ‘‘subchapter’’, 

13 (II) in subsection (a), by striking ‘‘In 

14 the case of taxes imposed by subchapter A 

15 of chapter 31, paragraphs (1), (3), (4), 

16 and (5) shall not apply.’’, and 

17 (III) in subsection (c), by striking 

18 ‘‘4001(c), 4001(d), or’’. 

19 (ii) Section 4222 is amended by striking 

20 ‘‘4001(c), 4001(d),’’. 

21 (iii) Section 4293 is amended by striking 

22 ‘‘subchapter A of chapter 31,’’. 

23 (104) TAX ON FUEL USED IN COMMERCIAL

24 TRANSPORTATION ON INLAND WATERWAYS.—Section 

25 4042(b)(2)(A) is amended to read as follows: 


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1 ‘‘(A) The Inland Waterways Trust Fund 

2 financing rate is 20 cents per gallon.’’. 

3 (105) TRANSPORTATION BY AIR.—Section 

4 4261(e) is amended— 

5 (A) in paragraph (1), by striking subpara6 graph (C), and 

7 (B) by striking paragraph (5). 

8 (106) TAXES ON FAILURE TO DISTRIBUTE IN9 COME.— 

10 (A) Subsection (g) of section 4942 is 

11 amended by striking ‘‘For all taxable years be12 ginning on or after January 1, 1975, subject’’ 

13 in paragraph (2)(A) and inserting ‘‘Subject’’. 

14 (B) Section 4942(i)(2) is amended by 

15 striking ‘‘beginning after December 31, 1969, 

16 and’’. 

17 (107) TAXES ON TAXABLE EXPENDITURES.— 

18 Section 4945(f) is amended by striking ‘‘(excluding 

19 therefrom any preceding taxable year which begins 

20 before January 1, 1970)’’. 

21 (108) DEFINITIONS AND SPECIAL RULES.—Sec22 tion 4682(h) is amended— 

23 (A) by striking paragraph (1) and redesig24 nating paragraphs (2), (3), and (4) as para25 graphs (1), (2), and (3), respectively, and 


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1 (B) in paragraph (1) (as so redesig2 nated)— 

3 (i) by striking the heading and insert4 ing ‘‘IN GENERAL’’, and 

5 (ii) by striking ‘‘after 1991’’ in sub6 paragraph (C). 

7 (109) RETURNS.—Subsection (a) of section 

8 6039D is amended by striking ‘‘beginning after De9 cember 31, 1984,’’. 

10 (110) INFORMATION RETURNS.—Subsection (c) 

11 of section 6060 is amended by striking ‘‘ ‘year’ ’’ and 

12 all that follows and inserting ‘‘year.’’. 

13 (111) COLLECTION.—Section 6302 is amend14 ed— 

15 (A) in subsection (e)(2), by striking ‘‘im16 posed by’’ and all that follows through ‘‘with re17 spect to’’ and inserting ‘‘imposed by sections 

18 4251, 4261, or 4271 with respect to’’, 

19 (B) by striking the last sentence of sub20 section (f)(1), and 

21 (C) in subsection (h)— 

22 (i) by striking paragraph (2) and re23 designating paragraphs (3) and (4) as 

24 paragraphs (2) and (3), respectively, and 


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1 (ii) by amending paragraph (3) (as so 

2 redesignated) to read as follows: 

3 ‘‘(3) COORDINATION WITH OTHER ELECTRONIC

4 FUND TRANSFER REQUIREMENTS.—Under regula5 tions, any tax required to be paid by electronic fund 

6 transfer under section 5061(e) or 5703(b) shall be 

7 paid in such a manner as to ensure that the require8 ments of the second sentence of paragraph (1)(A) of 

9 this subsection are satisfied.’’. 

10 (112) ABATEMENTS.—Section 6404(f) is 

11 amended by striking paragraph (3). 

12 (113) 2008 RECOVERY REBATE FOR INDIVID13 UALS.— 

14 (A) Subchapter B of chapter 65 is amend15 ed by striking section 6428 (and by striking the 

16 item relating to such section in the table of sec17 tions for such subchapter). 

18 (B) Subparagraph (A) of section 

19 6211(b)(4) is amended by striking ‘‘6428,’’. 

20 (C) Paragraph (2) of section 6213(g), as 

21 amended by section 214(a)(2) of this Act and 

22 paragraphs (4) and (5)(C) of this subsection, is 

23 amended by striking subparagraph (Q), by re24 designating subparagraph (O) as subparagraph 

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1 graph (M), and by striking the comma at the 

2 end of subparagraph (N) (as so redesignated) 

3 and inserting a period. 

4 (D) Paragraph (2) of section 1324(b) of 

5 title 31, United States Code, is amended by 

6 striking ‘‘6428, or 6431,’’ and inserting ‘‘or 

7 6431’’. 

8 (114) ADVANCE PAYMENT OF PORTION OF IN9 CREASED CHILD CREDIT FOR 2003.—Subchapter B 

10 of chapter 65 is amended by striking section 6429 

11 (and by striking the item relating to such section in 

12 the table of sections for such subchapter). 

13 (115) FAILURE BY CORPORATION TO PAY ESTI14 MATED INCOME TAX.—Clause (i) of section 

15 6655(g)(4)(A) is amended by striking ‘‘(or the cor16 responding provisions of prior law)’’. 

17 (116) RETIREMENT.—Section 7447(i)(3)(B)(ii) 

18 is amended by striking ‘‘at 4 percent per annum to 

19 December 31, 1947, and 3 percent per annum there20 after’’, and inserting ‘‘at 3 percent per annum’’. 

21 (117) ANNUITIES TO SURVIVING SPOUSES AND

22 DEPENDENT CHILDREN OF JUDGES.— 

23 (A) Paragraph (2) of section 7448(a) is 

24 amended— 


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1 (i) by striking ‘‘or under section 1106 

2 of the Internal Revenue Code of 1939’’, 

3 and 

4 (ii) by striking ‘‘or pursuant to sec5 tion 1106(d) of the Internal Revenue Code 

6 of 1939’’. 

7 (B) Subsection (g) of section 7448 is 

8 amended by striking ‘‘or other than pursuant to 

9 section 1106 of the Internal Revenue Code of 

10 1939’’. 

11 (C) Subsections (g), (j)(1), and (j)(2) of 

12 section 7448 are each amended by striking ‘‘at 

13 4 percent per annum to December 31, 1947, 

14 and 3 percent per annum thereafter’’ and in15 serting ‘‘at 3 percent per annum’’. 

16 (118) MERCHANT MARINE CAPITAL CONSTRUC17 TION FUNDS.—Paragraph (4) of section 7518(g) is 

18 amended by striking ‘‘any nonqualified withdrawal’’ 

19 and all that follows through ‘‘ ‘shall be determined’’ 

20 and inserting ‘‘any nonqualified withdrawal shall be 

21 determined’’. 

22 (119) VALUATION TABLES.— 

23 (A) Subsection (c) of section 7520 is 

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


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1 (B) Paragraph (2) of section 7520(c) (as 

2 redesignated by subparagraph (A)) is amend3 ed— 

4 (i) by striking ‘‘Not later than Decem5 ber 31, 1989, the’’ and inserting ‘‘The’’, 

6 and 

7 (ii) by striking ‘‘thereafter’’ in the last 

8 sentence thereof. 

9 (120) DEFINITION OF EMPLOYEE.—Section 

10 7701(a)(20) is amended by striking ‘‘chapter 21’’ 

11 and all that follows and inserting ‘‘chapter 21.’’. 

12 (b) EFFECTIVE DATE.— 

13 (1) GENERAL RULE.—Except as otherwise pro14 vided in subsection (a) or paragraph (2) of this sub15 section, the amendments made by this section shall 

16 take effect on the date of enactment of this Act. 

17 (2) SAVINGS PROVISION.—If— 

18 (A) any provision amended or repealed by 

19 the amendments made by this section applied 

20 to— 

21 (i) any transaction occurring before 

22 the date of the enactment of this Act, 

23 (ii) any property acquired before such 

24 date of enactment, or 


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1 (iii) any item of income, loss, deduc2 tion, or credit taken into account before 

3 such date of enactment, and 

4 (B) the treatment of such transaction, 

5 property, or item under such provision would 

6 (without regard to the amendments or repeals 

7 made by this section) affect the liability for tax 

8 for periods ending after date of enactment, 

9 nothing in the amendments or repeals made by 

10 this section shall be construed to affect the 

11 treatment of such transaction, property, or item 

12 for purposes of determining liability for tax for 

13 periods ending after such date of enactment. 

14 TITLE III—JOINT COMMITTEE 

15 ON TAXATION 

16 SEC. 301. INCREASED REFUND AND CREDIT THRESHOLD 

17 FOR JOINT COMMITTEE ON TAXATION RE18 VIEW OF C CORPORATION RETURN. 

19 (a) IN GENERAL.—Subsections (a) and (b) of section 

20 6405 are each amended by inserting ‘‘($5,000,000 in the 

21 case of a C corporation)’’ after ‘‘$2,000,000’’. 

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

23 this section shall take effect on the date of the enactment 

24 of this Act, except that such amendment shall not apply 

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1 port that has been made before such date under section 

2 6405 of the Internal Revenue Code of 1986. 

3 TITLE IV—BUDGETARY EFFECTS 

4 SEC. 401. BUDGETARY EFFECTS. 

5 (a) PAYGO SCORECARD.—The budgetary effects of 

6 this Act shall not be entered on either PAYGO scorecard 

7 maintained pursuant to section 4(d) of the Statutory Pay8 As-You-Go Act of 2010. 

9 (b) SENATE PAYGO SCORECARD.—The budgetary ef10 fects of this Act shall not be entered on any PAYGO score11 card maintained for purposes of section 201 of S. Con. 

12 Res. 21 (110th Congress). 

Æ 


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