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[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2261 Placed on Calendar Senate (PCS)]

                                                       Calendar No. 367
113th CONGRESS
  2d Session
                                S. 2261

                          [Report No. 113-155]

     To amend the Internal Revenue Code of 1986 to make technical 
 corrections, to remove provisions that are no longer applicable, and 
                          for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             April 28, 2014

   Mr. Wyden, from the Committee on Finance, reported the following 
     original bill; which was read twice and placed on the calendar

_______________________________________________________________________

                                 A BILL

 
     To amend the Internal Revenue Code of 1986 to make technical 
 corrections, to remove provisions that are no longer applicable, and 
                          for other purposes.

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

SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Tax Technical 
Corrections Act of 2014''.
    (b) Amendment of 1986 Code.--Except as otherwise expressly 
provided, whenever in this Act an amendment or repeal is expressed in 
terms of an amendment to, or repeal of, a section or other provision, 
the reference shall be considered to be made to a section or other 
provision of the Internal Revenue Code of 1986.
    (c) Table of Contents.--The table of contents of this Act is as 
follows:

Sec. 1. Short title; amendment of 1986 Code; table of contents.
Sec. 2. Amendment relating to Middle Class Tax Relief and Job Creation 
                            Act of 2012.
Sec. 3. Amendments relating to American Taxpayer Relief Act of 2012.
Sec. 4. Amendments relating to Regulated Investment Company 
                            Modernization Act of 2010.
Sec. 5. Amendments relating to Tax Relief, Unemployment Insurance 
                            Reauthorization, and Job Creation Act of 
                            2010.
Sec. 6. Amendments relating to Creating Small Business Jobs Act of 
                            2010.
Sec. 7. Clerical amendment relating to Hiring Incentives to Restore 
                            Employment Act.
Sec. 8. Amendments relating to American Recovery and Reinvestment Tax 
                            Act of 2009.
Sec. 9. Amendments relating to Energy Improvement and Extension Act of 
                            2008.
Sec. 10. Amendments relating to Tax Extenders and Alternative Minimum 
                            Tax Relief Act of 2008.
Sec. 11. Clerical amendments relating to Housing Assistance Tax Act of 
                            2008.
Sec. 12. Amendments and provision relating to Heroes Earnings 
                            Assistance and Relief Tax Act of 2008.
Sec. 13. Amendments relating to Economic Stimulus Act of 2008.
Sec. 14. Amendments relating to Tax Technical Corrections Act of 2007.
Sec. 15. Amendment relating to Tax Relief and Health Care Act of 2006.
Sec. 16. Amendment relating to Safe, Accountable, Flexible, Efficient 
                            Transportation Equity Act of 2005: A Legacy 
                            for Users.
Sec. 17. Amendments relating to Energy Tax Incentives Act of 2005.
Sec. 18. Amendments relating to American Jobs Creation Act of 2004.
Sec. 19. Other clerical corrections.
Sec. 20. Deadwood provisions.

SEC. 2. AMENDMENT RELATING TO MIDDLE CLASS TAX RELIEF AND JOB CREATION 
              ACT OF 2012.

    (a) Amendment Relating to Section 7001.--Paragraph (1) of section 
7001 of the Middle Class Tax Relief and Job Creation Act of 2012 is 
amended by striking ``201(b)'' and inserting ``202(b)''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect as if included in section 7001 of the Middle Class Tax 
Relief and Job Creation Act of 2012.

SEC. 3. AMENDMENTS RELATING TO AMERICAN TAXPAYER RELIEF ACT OF 2012.

    (a) Amendment Relating to Section 102.--Clause (ii) of section 
911(f)(2)(B) is amended by striking ``described in section 1(h)(1)(B) 
shall be treated as a reference to such excess as determined'' and 
inserting ``described in section 1(h)(1)(B), and the reference in 
section 55(b)(3)(C)(ii) to the excess described in section 
1(h)(1)(C)(ii), shall each be treated as a reference to each such 
excess as determined''.
    (b) Amendments Relating to Section 104.--
            (1) Clause (ii) of section 55(d)(4)(B) is amended by 
        inserting ``subparagraphs (A), (B), and (D) of'' before 
        ``paragraph (1)''.
            (2) Subparagraph (C) of section 55(d)(4) is amended by 
        striking ``increase'' and inserting ``increased amount''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provision of the American Taxpayer Relief 
Act of 2012 to which they relate.

SEC. 4. AMENDMENTS RELATING TO REGULATED INVESTMENT COMPANY 
              MODERNIZATION ACT OF 2010.

    (a) Amendments Relating to Section 101.--
            (1) Subsection (c) of section 101 of the Regulated 
        Investment Company Modernization Act of 2010 is amended--
                    (A) by striking ``paragraph (2)'' in paragraph (1) 
                and inserting ``paragraphs (2) and (3)'', and
                    (B) by adding at the end the following new 
                paragraph:
            ``(3) Excise tax.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), for purposes of section 4982 of the 
                Internal Revenue Code of 1986, paragraphs (1) and (2) 
                shall apply by substituting `the 1-year periods taken 
                into account under subsection (b)(1)(B) of such section 
                with respect to calendar years beginning after December 
                31, 2010' for `taxable years beginning after the date 
                of the enactment of this Act'.
                    ``(B) Election.--A regulated investment company may 
                elect to apply subparagraph (A) by substituting `2011' 
                for `2010'. Such election shall be made at such time 
                and in such form and manner as the Secretary of the 
                Treasury (or the Secretary's delegate) shall 
                prescribe.''.
            (2) The first sentence of paragraph (2) of section 852(c) 
        is amended--
                    (A) by striking ``and without regard to'' and 
                inserting ``, without regard to'', and
                    (B) by inserting ``, and without regard to any 
                capital loss arising on the first day of the taxable 
                year by reason of clauses (ii) and (iii) of section 
                1212(a)(3)(A)'' before the period at the end.
    (b) Amendment Relating to Section 304.--Paragraph (1) of section 
855(a) is amended by inserting ``on or'' before ``before''.
    (c) Amendments Relating to Section 308.--
            (1) Paragraph (8) of section 852(b) is amended by 
        redesignating subparagraph (E) as subparagraph (G) and by 
        striking subparagraphs (C) and (D) and inserting the following 
        new subparagraphs:
                    ``(C) Post-october capital loss.--For purposes of 
                this paragraph, the term `post-October capital loss' 
                means--
                            ``(i) any net capital loss attributable to 
                        the portion of the taxable year after October 
                        31, or
                            ``(ii) if there is no such loss--
                                    ``(I) any net long-term capital 
                                loss attributable to such portion of 
                                the taxable year, or
                                    ``(II) any net short-term capital 
                                loss attributable to such portion of 
                                the taxable year.
                    ``(D) Late-year ordinary loss.--For purposes of 
                this paragraph, the term `late-year ordinary loss' 
                means the sum of any post-October specified loss and 
                any post-December ordinary loss.
                    ``(E) Post-october specified loss.--For purposes of 
                this paragraph, the term `post-October specified loss' 
                means the excess (if any) of--
                            ``(i) the specified losses (as defined in 
                        section 4982(e)(5)(B)(ii)) attributable to the 
                        portion of the taxable year after October 31, 
                        over
                            ``(ii) the specified gains (as defined in 
                        section 4982(e)(5)(B)(i)) attributable to such 
                        portion of the taxable year.
                    ``(F) Post-december ordinary loss.--For purposes of 
                this paragraph, the term `post-December ordinary loss' 
                means the excess (if any) of--
                            ``(i) the ordinary losses not described in 
                        subparagraph (E)(i) and attributable to the 
                        portion of the taxable year after December 31, 
                        over
                            ``(ii) the ordinary income not described in 
                        subparagraph (E)(ii) and attributable to such 
                        portion of the taxable year.''.
            (2) Subparagraph (G) of section 852(b)(8), as so 
        redesignated, is amended by striking ``, (D)(i)(I), and 
        (D)(ii)(I)'' and inserting ``and (E)''.
            (3) The first sentence of paragraph (2) of section 852(c), 
        as amended by subsection (a), is amended--
                    (A) by striking ``, and without regard to'' and 
                inserting ``, without regard to'', and
                    (B) by inserting ``, and with such other 
                adjustments as the Secretary may prescribe'' before the 
                period at the end.
    (d) Amendments Relating to Section 402.--
            (1) Subparagraph (B) of section 4982(e)(6) is amended by 
        inserting before the period at the end the following: ``or 
        which determines income by reference to the value of an item on 
        the last day of the taxable year''.
            (2) Subparagraph (A) of section 4982(e)(7) is amended by 
        striking ``such company'' and all that follows through ``any 
        net ordinary loss'' and inserting ``such company may elect to 
        determine its ordinary income and net ordinary loss (as defined 
        in paragraph (2)(C)(ii)) for the calendar year without regard 
        to any portion of any net ordinary loss''.
    (e) Clerical Amendment Relating to Section 201.--Subparagraph (A) 
of section 851(d)(2) is amended by inserting ``of this paragraph'' 
after ``subparagraph (B)(i)''.
    (f) Effective Date.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall take effect as if 
        included in the provision of the Regulated Investment Company 
        Modernization Act of 2010 to which they relate.
            (2) Savings provision.--In the case of a regulated 
        investment company which, before the date of the enactment of 
        this Act, elected under paragraph (8) of section 852(b) of the 
        Internal Revenue Code of 1986 (as in effect on the date of such 
        election) for any taxable year ending before such date of 
        enactment to treat any loss as arising in the following taxable 
        year, the amendments made by paragraphs (1) and (2) of 
        subsection (c) shall not apply with respect to such election.

SEC. 5. AMENDMENTS RELATING TO TAX RELIEF, UNEMPLOYMENT INSURANCE 
              REAUTHORIZATION, AND JOB CREATION ACT OF 2010.

    (a) Amendment Relating to Section 103.--Clause (ii) of section 
32(b)(3)(B) is amended by striking ``in 2010'' and inserting ``after 
2009''.
    (b) Clerical Amendment Relating to Section 302.--Subsection (f) of 
section 302 of the Tax Relief, Unemployment Insurance Reauthorization, 
and Job Creation Act of 2010 is amended by striking ``subsection'' and 
inserting ``section''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Tax Relief, Unemployment 
Insurance Reauthorization, and Job Creation Act of 2010 to which they 
relate.

SEC. 6. AMENDMENTS RELATING TO CREATING SMALL BUSINESS JOBS ACT OF 
              2010.

    (a) Amendments Relating to Section 2102.--
            (1) Subsection (h) of section 2102 of the Creating Small 
        Business Jobs Act of 2010 is amended by inserting ``, and payee 
        statements required to be furnished,'' after ``information 
        returns required to be filed''.
            (2) Paragraphs (1) and (2) of subsection (b), and 
        subsection (c)(1)(C), of section 6722 are each amended by 
        striking ``the required filing date'' and inserting ``the date 
        prescribed for furnishing such statement''.
            (3) Subparagraph (B) of section 6722(c)(2) is amended by 
        striking ``filed'' and inserting ``furnished''.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in the provision of the Creating Small Business 
Jobs Act of 2010 to which they relate.

SEC. 7. CLERICAL AMENDMENT RELATING TO HIRING INCENTIVES TO RESTORE 
              EMPLOYMENT ACT.

    (a) Amendment Relating to Section 512.--Paragraph (1) of section 
512(a) of the Hiring Incentives to Restore Employment Act is amended by 
striking ``after paragraph (6)'' and inserting ``after paragraph (5)''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the provision of the Hiring Incentives to 
Restore Employment Act to which it relates.

SEC. 8. AMENDMENTS RELATING TO AMERICAN RECOVERY AND REINVESTMENT TAX 
              ACT OF 2009.

    (a) Amendment Relating to Section 1003.--Paragraph (4) of section 
24(d) is amended to read as follows:
            ``(4) Special rule for certain years.--In the case of any 
        taxable year beginning after 2008 and before 2018, paragraph 
        (1)(B)(i) shall be applied by substituting `$3,000' for 
        `$10,000'.''.
    (b) Amendment Relating to Section 1004.--Paragraph (3) of section 
25A(i) is amended by striking ``Subsection (f)(1)(A) shall be applied'' 
and inserting ``For purposes of determining the Hope Scholarship 
Credit, subsection (f)(1)(A) shall be applied''.
    (c) Amendments Relating to Section 1008.--
            (1) Paragraph (6) of section 164(b) is amended by striking 
        subparagraph (E) and by redesignating subparagraphs (F) and (G) 
        as subparagraphs (E) and (F), respectively.
            (2) Subparagraphs (E) and (F) of section 164(b)(6), as so 
        redesignated, are each amended by striking ``This paragraph'' 
        and inserting ``Subsection (a)(6)''.
    (d) Amendment Relating to Section 1104.--Subparagraph (A) of 
section 48(d)(3) is amended by inserting ``or alternative minimum 
taxable income'' after ``includible in the gross income''
    (e) Amendments Relating to Section 1141.--
            (1) Subsection (f) of section 30D is amended--
                    (A) by inserting ``(determined without regard to 
                subsection (c))'' before the period at the end of 
                paragraph (1), and
                    (B) by inserting ``(determined without regard to 
                subsection (c))'' before the period at the end of 
                paragraph (2).
            (2) Paragraph (3) of section 30D(f) is amended by adding at 
        the end the following: ``For purposes of subsection (c), 
        property to which this paragraph applies shall be treated as of 
        a character subject to an allowance for depreciation.''
    (f) Amendments Relating to Section 1142.--
            (1) Subsection (b) of section 38 is amended by striking 
        ``plus'' at the end of paragraph (35), by redesignating 
        paragraph (36) as paragraph (37), and by inserting after 
        paragraph (35) the following new paragraph:
            ``(36) the portion of the qualified plug-in electric 
        vehicle credit to which section 30(c)(1) applies, plus''.
            (2)(A) Subsection (e) of section 30 is amended--
                    (i) by inserting ``(determined without regard to 
                subsection (c))'' before the period at the end of 
                paragraph (1), and
                    (ii) by inserting ``(determined without regard to 
                subsection (c))'' before the period at the end of 
                paragraph (2).
            (B) Paragraph (3) of section 30(e) is amended by adding at 
        the end the following: ``For purposes of subsection (c), 
        property to which this paragraph applies shall be treated as of 
        a character subject to an allowance for depreciation.''
    (g) Amendment Relating to Section 1302.--Paragraph (3) of section 
48C(b) is amended by inserting ``as the qualified investment'' after 
``The amount which is treated''.
    (h) Amendments Related to Section 1541.--
            (1) Paragraph (2) of section 853A(a) is amended by 
        inserting ``(determined after the application of this 
        section)'' before the comma at the end.
            (2) Subsection (a) of section 853A is amended--
                    (A) by striking ``with respect to credits'' and 
                inserting ``with respect to some or all of the 
                credits'', and
                    (B) by inserting ``(determined without regard to 
                this section and sections 54(c), 54A(c)(1), 54AA(c)(1), 
                and 1397E(c))'' after ``credits allowable''.
            (3) Subsection (b) of section 853A is amended to read as 
        follows:
    ``(b) Effect of Election.--If the election provided in subsection 
(a) is in effect with respect to any credits for any taxable year--
            ``(1) the regulated investment company--
                    ``(A) shall not be allowed such credits,
                    ``(B) shall include in gross income (as interest) 
                for such taxable year the amount which would have been 
                so included with respect to such credits had the 
                application of this section not been elected,
                    ``(C) shall include in earnings and profits the 
                amount so included in gross income, and
                    ``(D) shall be treated as making one or more 
                distributions of money with respect to its stock equal 
                to the amount of such credits on the date or dates (on 
                or after the applicable date for any such credit) 
                during such taxable year (or following the close of the 
                taxable year pursuant  to section 855)  selected by the 
                company, and
            ``(2) each shareholder of such investment company shall--
                    ``(A) be treated as receiving such shareholder's 
                proportionate share of any distribution of money which 
                is treated as made by such investment company under 
                paragraph (1)(D), and
                    ``(B) be allowed credits against the tax imposed by 
                this chapter equal to the amount of such distribution, 
                subject to the provisions of this title applicable to 
                the credit involved.''.
            (4) Subsection (c) of section 853A is amended to read as 
        follows:
    ``(c) Notice to Shareholders.--The amount treated as a distribution 
of money received by a shareholder under subsection (b)(2)(A) (and as 
credits allowed to such shareholder under subsection (b)(2)(B)) shall 
not exceed the amount so reported by the regulated investment company 
in a written statement furnished to such shareholder.''.
            (5) Clause (ii) of section 853A(e)(1)(A) is amended by 
        inserting ``other than a qualified bond described in section 
        54AA(g)'' after ``as defined in section 54AA(d))''.
    (i) Amendments Relating to Section 2202.--
            (1) Subparagraph (A) of section 2202(b)(1) of the division 
        B of the American Recovery and Reinvestment Act of 2009 is 
        amended by inserting ``political subdivision of a State,'' 
        after ``any State,''.
            (2) Section 2202 of division B of the American Recovery and 
        Reinvestment Act of 2009 is amended by adding at the end the 
        following new subsection:
    ``(e) Treatment of Possessions.--
            ``(1) Payments to mirror code possessions.--The Secretary 
        of the Treasury shall pay to each possession of the United 
        States with a mirror code tax system amounts equal to the loss 
        to that possession by reason of credits allowed under 
        subsection (a) with respect to taxable years beginning in 2009. 
        Such amounts shall be determined by the Secretary of the 
        Treasury based on information provided by the government of the 
        respective possession.
            ``(2) Coordination with credit allowed against united 
        states income taxes.--No credit shall be allowed against United 
        States income taxes for any taxable year under this section to 
        any person to whom a credit is allowed against taxes imposed by 
        the possession by reason of the credit allowed under subsection 
        (a) for such taxable year.
            ``(3) Definitions and special rules.--
                    ``(A) Possession of the united states.--For 
                purposes of this subsection, the term `possession of 
                the United States' includes the Commonwealth of the 
                Northern Mariana Islands.
                    ``(B) Mirror code tax system.--For purposes of this 
                subsection, the term `mirror code tax system' means, 
                with respect to any possession of the United States, 
                the income tax system of such possession if the income 
                tax liability of the residents of such possession under 
                such system is determined by reference to the income 
                tax laws of the United States as if such possession 
                were the United States.
                    ``(C) Treatment of payments.--For purposes of 
                section 1324(b)(2) of title 31, United States Code, the 
                payments under this subsection shall be treated in the 
                same manner as a refund due from the credit allowed 
                under section 36A of the Internal Revenue Code of 1986 
                (as added by this Act).''.
    (j) Clerical Amendments.--
            (1) Amendment relating to section 1131.--Paragraph (2) of 
        section 45Q(d) is amended by striking ``Administrator of the 
        Environmental Protection Agency'' and all that follows through 
        ``shall establish'' and inserting ``Administrator of the 
        Environmental Protection Agency, the Secretary of Energy, and 
        the Secretary of the Interior, shall establish''.
            (2) Amendment relating to section 1141.--Paragraph (37) of 
        section 1016(a) is amended by striking ``section 30D(e)(4)'' 
        and inserting ``section 30D(f)(1)''.
            (3) Amendment relating to section 3001.--Subparagraph (A) 
        of section 3001(a)(14) of the American Recovery and 
        Reinvestment Act of 2009 is amended by striking ``is amended by 
        redesignating paragraph (9) as paragraph (10)'' and inserting 
        ``, as amended by this Act, is amended by redesignating 
        paragraphs (9) and (10) as paragraphs (10) and (11), 
        respectively,''.
    (k) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the American Recovery and 
Reinvestment Tax Act of 2009 to which they relate.

SEC. 9. AMENDMENTS RELATING TO ENERGY IMPROVEMENT AND EXTENSION ACT OF 
              2008.

    (a) Amendment Relating to Section 108.--Subparagraph (E) of section 
45K(g)(2) is amended to read as follows:
                    ``(E) Coordination with section 45.--No credit 
                shall be allowed with respect to any coke or coke gas 
                which is produced using steel industry fuel (as defined 
                in section 45(c)(7)) as feedstock if a credit is 
                allowed to any taxpayer under section 45 with respect 
                to the production of such steel industry fuel.''.
    (b) Amendment Relating to Section 113.--Paragraph (1) of section 
113(b) of the Energy Improvement and Extension Act of 2008 is amended 
by adding at the end the following new subparagraph:
                    ``(F) Trust fund.--The term `Trust Fund' means the 
                Black Lung Disability Trust Fund established under 
                section 9501 of the Internal Revenue Code of 1986.''.
    (c) Amendments Relating to Section 306.--
            (1) Clause (ii) of section 168(i)(18)(A) is amended by 
        striking ``10 years'' and inserting ``16 years''.
            (2) Clause (ii) of section 168(i)(19)(A) is amended by 
        striking ``10 years'' and inserting ``16 years''.
    (d) Amendment Relating to Section 308.--Clause (i) of section 
168(m)(2)(B) is amended by striking ``section 168(k)'' and inserting 
``subsection (k) (determined without regard to paragraph (4) 
thereof)''.
    (e) Amendment Relating to Section 402.--Subparagraph (A) of section 
907(f)(4) is amended by striking ``this subsection shall be applied'' 
and all that follows through the period at the end and inserting the 
following: ``this subsection, as in effect on the day before the date 
of the enactment of the Energy Improvement and Extension Act of 2008, 
shall apply to unused oil and gas extraction taxes carried from such 
unused credit year to a taxable year beginning after December 31, 
2008.''.
    (f) Amendments Relating to Section 403.--
            (1) Subsection (c) of section 1012 is amended--
                    (A) by striking ``funds'' in the heading for 
                paragraph (2) and inserting ``regulated investment 
                companies'',
                    (B) by striking ``fund'' in the heading for 
                paragraph (2)(B), and
                    (C) by striking ``fund'' each place it appears in 
                paragraph (2) and inserting ``regulated investment 
                company''.
            (2) Paragraph (1) of section 1012(d) is amended--
                    (A) by striking ``December 31, 2010'' and inserting 
                ``December 31, 2011'', and
                    (B) by striking ``an open-end fund'' and inserting 
                ``a regulated investment company''.
            (3) Paragraph (3) of section 1012(d) is amended to read as 
        follows:
            ``(3) Separate accounts; election for treatment as single 
        account.--
                    ``(A) In general.--Rules similar to the rules of 
                subsection (c)(2) shall apply for purposes of this 
                subsection.
                    ``(B) Average basis for pre-2012 stock.--
                Notwithstanding paragraph (1), in the case of an 
                election under rules similar to the rules of subsection 
                (c)(2)(B) with respect to stock held in connection with 
                a dividend reinvestment plan, the average basis method 
                is permissible with respect to all such stock without 
                regard to the date of the acquisition of such stock.''.
            (4) Subsection (g) of section 6045 is amended by adding at 
        the end the following new paragraph:
            ``(6) Special rule for certain stock held in connection 
        with dividend reinvestment plan.--For purposes of this 
        subsection, stock acquired before January 1, 2012, in 
        connection with a dividend reinvestment plan shall be treated 
        as stock described in clause (ii) of paragraph (3)(C) (unless 
        the broker with respect to such stock elects not to have this 
        paragraph apply with respect to such stock).''.
    (g) Clerical Amendment Relating to Section 108.--Paragraph (2) of 
section 45(b) is amended by striking ``$3 amount'' and inserting ``$2 
amount''.
    (h) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Energy Improvement and 
Extension Act of 2008 to which they relate.

SEC. 10. AMENDMENTS RELATING TO TAX EXTENDERS AND ALTERNATIVE MINIMUM 
              TAX RELIEF ACT OF 2008.

    (a) Amendment Relating to Section 208.--Subsection (b) of section 
208 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 
is amended to read as follows:
    ``(b) Effective Date.--
            ``(1) In general.--The amendment made by subsection (a) 
        shall take effect on January 1, 2008. Notwithstanding the 
        preceding sentence, such amendment shall not apply with respect 
        to the withholding requirement under section 1445 of the 
        Internal Revenue Code of 1986 for any payment made before 
        October 4, 2008.
            ``(2) Amounts withheld on or before date of enactment.--In 
        the case of a regulated investment company--
                    ``(A) which makes a distribution after December 31, 
                2007, and before October 4, 2008, and
                    ``(B) which would (but for the second sentence of 
                paragraph (1)) have been required to withhold with 
                respect to such distribution under section 1445 of such 
                Code,
        such investment company shall not be liable to any person to 
        whom such distribution was made for any amount so withheld and 
        paid over to the Secretary of the Treasury.''.
    (b) Amendments Relating to Section 305.--Paragraphs (7)(B) and 
(8)(D) of section 168(e) are each amended by inserting ``which is not 
qualified leasehold improvement property'' after ``Property described 
in this paragraph''.
    (c) Clerical Amendments.--
            (1) Amendment relating to section 306.--Paragraph (5) of 
        section 168(b) is amended by striking ``(2)(C)'' and inserting 
        ``(2)(D)''.
            (2) Amendments relating to section 706.--
                    (A) Paragraph (2) of section 1033(h) is amended by 
                inserting ``is'' before ``compulsorily''.
                    (B) Subclause (II) of section 172(b)(1)(F)(ii) is 
                amended by striking ``subsection (h)(3)(C)(i)'' and 
                inserting ``section 165(h)(3)(C)(i)''.
                    (C) The heading for paragraph (1) of section 165(h) 
                is amended by striking ``$100'' and inserting 
                ``Dollar''.
            (3) Amendment relating to section 709.--Subsection (k) of 
        section 143 is amended by redesignating the second paragraph 
        (12) (relating to special rules for residences destroyed in 
        Federally declared disasters) as paragraph (13).
            (4) Amendment relating to section 712.--Section 712 of the 
        Tax Extenders and Alternative Minimum Tax Relief Act of 2008 is 
        amended by striking ``section 702(c)(1)(A)'' and inserting 
        ``section 702(b)(1)(A)''.
    (d) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Tax Extenders and 
Alternative Minimum Tax Relief Act of 2008 to which they relate.

SEC. 11. CLERICAL AMENDMENTS RELATING TO HOUSING ASSISTANCE TAX ACT OF 
              2008.

    (a) Amendment Relating to Section 3002.--Paragraph (1) of section 
42(b) is amended by striking ``For purposes of this section, the term'' 
and inserting the following: ``For purposes of this section--
                    ``(A) In general.--The term''.
    (b) Amendment Relating to Section 3081.--Clause (iv) of section 
168(k)(4)(E) is amended by striking ``adjusted minimum tax'' and 
inserting ``adjusted net minimum tax''.
    (c) Amendment Relating to Section 3092.--Subsection (b) of section 
121 is amended by redesignating the second paragraph (4) (relating to 
exclusion of gain allocated to nonqualified use) as paragraph (5).
    (d) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Housing Assistance Tax 
Act of 2008 to which they relate.

SEC. 12. AMENDMENTS AND PROVISION RELATING TO HEROES EARNINGS 
              ASSISTANCE AND RELIEF TAX ACT OF 2008.

    (a) Amendment Relating to Section 106.--Paragraph (2) of section 
106(c) of the Heroes Earnings Assistance and Relief Tax Act of 2008 is 
amended by striking ``substituting for'' and inserting ``substituting 
`June 17, 2008' for''.
    (b) Amendment Relating to Section 114.--Paragraph (1) of section 
125(h) is amended by inserting ``(and shall not fail to be treated as 
an accident or health plan)'' before ``merely''.
    (c) Clerical Amendments.--
            (1) Amendment relating to section 110.--Subparagraph (B) of 
        section 121(d)(12) is amended by inserting ``of paragraph (9)'' 
        after ``and (D)''.
            (2) Amendment relating to section 301.--Paragraph (2) of 
        section 877(e) is amended by striking ``subparagraph (A) or (B) 
        of''.
    (d) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Heroes Earnings 
Assistance and Relief Tax Act of 2008 to which they relate.

SEC. 13. AMENDMENTS RELATING TO ECONOMIC STIMULUS ACT OF 2008.

    (a) Amendments Relating to Section 101.--Paragraph (2) of section 
6213(g) is amended--
            (1) by striking ``32, or 6428'' in subparagraph (L) and 
        inserting ``or 32'', and
            (2) by striking ``and'' at the end of subparagraph (O), by 
        striking the period at the end of subparagraph (P) and 
        inserting ``, and'', and by inserting after subparagraph (P) 
        the following new subparagraph:
                    ``(Q) an omission of a correct TIN required under 
                section 6428(h) (relating to 2008 recovery rebates for 
                individuals) to be included on a return.''.
    (b) Clerical Amendment Relating to Section 103.--Subclause (IV) of 
section 168(k)(2)(B)(i) is amended by striking ``clauses also apply'' 
and inserting ``clause also applies''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Economic Stimulus Act of 
2008 to which they relate.

SEC. 14. AMENDMENTS RELATING TO TAX TECHNICAL CORRECTIONS ACT OF 2007.

    (a) Amendment Relating to Section 4(c).--Paragraph (1) of section 
911(f) is amended by adding at the end the following flush sentence:
        ``For purposes of this paragraph, the amount excluded under 
        subsection (a) shall be reduced by the aggregate amount of any 
        deductions or exclusions disallowed under subsection (d)(6) 
        with respect to such excluded amount.''.
    (b) Clerical Amendment Relating to Section 11(g).--Clause (iv) of 
section 56(g)(4)(C) is amended by striking ``a cooperative described in 
section 927(a)(4)'' and inserting ``an organization to which part I of 
subchapter T (relating to tax treatment of cooperatives) applies which 
is engaged in the marketing of agricultural or horticultural 
products''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the Tax Technical 
Corrections Act of 2007 to which they relate.

SEC. 15. AMENDMENT RELATING TO TAX RELIEF AND HEALTH CARE ACT OF 2006.

    (a) Amendment Relating to Section 105.--Subparagraph (B) of section 
45A(b)(1) is amended by adding at the end the following: ``If any 
portion of wages are taken into account under subsection (e)(1)(A) of 
section 51, the preceding sentence shall be applied by substituting `2-
year period' for `1-year period'.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the provision of the Tax Relief and Health 
Care Act of 2006 to which it relates.

SEC. 16. AMENDMENT RELATING TO SAFE, ACCOUNTABLE, FLEXIBLE, EFFICIENT 
              TRANSPORTATION EQUITY ACT OF 2005: A LEGACY FOR USERS.

    (a) Amendment Relating to Section 11161.--Paragraph (1) of section 
9503(b) is amended by inserting before the period at the end the 
following: ``and taxes received under section 4081 shall be determined 
without regard to tax receipts attributable to the rate specified in 
section 4081(a)(2)(C)''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the provision of the Safe, Accountable, 
Flexible, Efficient Transportation Equity Act of 2005: A Legacy for 
Users to which it relates.

SEC. 17. AMENDMENTS RELATING TO ENERGY TAX INCENTIVES ACT OF 2005.

    (a) Amendment Relating to Section 1341.--Subparagraph (B) of 
section 30B(h)(5) is amended by inserting ``(determined without regard 
to subsection (g))'' before the period at the end.
    (b) Amendment Relating to Section 1342.--Paragraph (1) of section 
30C(e) is amended to read as follows:
            ``(1) Reduction in basis.--For purposes of this subtitle, 
        the basis of any property for which a credit is allowable under 
        subsection (a) shall be reduced by the amount of such credit so 
        allowed (determined without regard to subsection (d)).''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provision of the Energy Tax Incentives Act 
of 2005 to which it relates.

SEC. 18. AMENDMENTS RELATING TO AMERICAN JOBS CREATION ACT OF 2004.

    (a) Amendment Relating to Section 101.--Subsection (d) of section 
101 of the American Jobs Creation Act of 2004 is amended by adding at 
the end the following new paragraph:
            ``(3) Coordination with section 199.--This subsection shall 
        be applied without regard to any deduction allowable under 
        section 199.''.
    (b) Amendments Relating to Section 102.--Paragraph (3) of section 
199(b) is amended--
            (1) by inserting ``of a short taxable year or'' after ``in 
        cases'', and
            (2) by striking ``and dispositions'' and inserting ``, 
        dispositions, and short taxable years''.
    (c) Clerical Amendment Relating to Section 413.--Paragraph (7) of 
section 904(h) is amended by striking ``as ordinary income under 
section 1246 or''.
    (d) Effective Date.--The amendments made by this section shall take 
effect as if included in the provision of the American Jobs Creation 
Act of 2004 to which they relate.

SEC. 19. OTHER CLERICAL CORRECTIONS.

    (a) Paragraph (8) of section 30B(h) is amended by striking 
``vehicle)., except that'' and inserting ``vehicle), except that''.
    (b) Subparagraph (A) of section 38(c)(2) is amended by striking 
``credit credit'' and inserting ``credit''.
    (c) Section 46 is amended by adding a comma at the end of paragraph 
(4).
    (d) Subparagraph (E) of section 50(a)(2) is amended by inserting 
``, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 48D(b)(4)'' after ``under 
section 48(b)''.
    (e) Clause (i) of section 54A(d)(2)(A) is amended by striking ``100 
percent or more'' and inserting ``100 percent''.
    (f) Paragraph (2) of section 125(b) is amended by striking 
``statutory nontaxable benefits'' each place it appears and inserting 
``qualified benefits''.
    (g) Paragraph (2) of section 125(h) is amended by striking ``means, 
any'' and inserting ``means any''.
    (h) Subparagraph (F) of section 163(h)(4) is amended by striking 
``Veterans Administration or the Rural Housing Administration'' and 
inserting ``Department of Veterans Affairs or the Rural Housing 
Service''.
    (i) Subsection (a) of section 249 is amended by striking 
``1563(a)(1)'' and inserting ``1563(a)(1))''.
    (j) Paragraphs (8) and (10) of section 280F(d) are each amended by 
striking ``subsection (a)(2)'' and inserting ``subsection (a)(1)''.
    (k) Clause (iii) of section 402A(c)(4)(E) is amended by striking 
``403(b)(7)(A)(i)'' and inserting ``403(b)(7)(A)(ii)''.
    (l) Subsection (b) of section 858 is amended by striking 
``857(b)(8)'' and inserting ``857(b)(9)''.
    (m) Subparagraph (A) of section 1012(c)(2) is amended by striking 
``section 1012'' and inserting ``this section''.
    (n) The heading for section 1394(f) is amended by striking 
``Designated Under Section 1391(g)''.
    (o) Paragraphs (1) and (2)(A) of section 1394(f) are each amended 
by striking ``a new empowerment zone facility bond'' and inserting ``an 
empowerment zone facility bond''.
    (p) Subsections (e)(3)(B) and (f)(7)(B) of section 4943 are each 
amended by striking ``January 1, 1970'' and inserting ``January 1, 
1971''.
    (q) Paragraph (2) of section 4982(f) is amended by adding a comma 
at the end.
    (r) Paragraph (3) of section 6011(e) is amended by striking ``shall 
require than'' and inserting ``shall require that''.
    (s) Subsection (b) of section 6072 is amended by striking 
``6011(e)(2)'' and inserting ``6011(c)(2)''.
    (t) Subsection (d) of section 6104 is amended by redesignating the 
second paragraph (6) (relating to disclosure of reports by Internal 
Revenue Service) and third paragraph (6) (relating to application to 
nonexempt charitable trusts and nonexempt private foundations) as 
paragraphs (7) and (8), respectively.
    (u) Subsection (c) of section 6662A is amended by striking 
``section 6664(d)(2)(A)'' and inserting ``section 6664(d)(3)(A)''.
    (v) Subparagraph (FF) of section 6724(d)(2) is amended by striking 
``section 6050W(c)'' and inserting ``section 6050W(f)''.
    (w) Section 9802 is amended by redesignating the second subsection 
(f) (relating to genetic information of a fetus or embryo) as 
subsection (g).
    (x) Paragraph (3) of section 13(e) of the Worker, Homeownership, 
and Business Assistance Act of 2009 is amended by striking ``subsection 
(d)'' and inserting ``subsection (c)''.

SEC. 20. DEADWOOD PROVISIONS.

    (a) In General.--
            (1) Adjustments in tax tables so that inflation will not 
        result in tax increases.--Paragraph (7) of section 1(f) is 
        amended to read as follows:
            ``(7) Special rule for certain brackets.--In prescribing 
        tables under paragraph (1) which apply to taxable years 
        beginning in a calendar year after 1994, the cost-of-living 
        adjustment used in making adjustments to the dollar amounts at 
        which the 36 percent rate bracket begins or at which the 39.6 
        percent rate bracket begins shall be determined under paragraph 
        (3) by substituting `1993' for `1992'.''.
            (2) Certain plug-in electric vehicles.--
                    (A) Subpart B of part IV of subchapter A of chapter 
                1 is amended by striking section 30 (and by striking 
                the item relating to such section in the table of 
                sections for such subpart).
                    (B) Subsection (b) of section 38, as amended by 
                section 8(f)(1) of this Act, is amended by inserting 
                ``plus'' at the end of paragraph (35), by striking 
                paragraph (36), and by redesignating paragraph (37) as 
                paragraph (36).
                    (C) Subclause (VI) of section 48C(c)(1)(A)(i) is 
                amended by striking ``, qualified plug-in electric 
                vehicles (as defined by section 30(d)),''.
                    (D) Section 1016(a) is amended by striking 
                paragraph (25).
                    (E) Section 6501(m) is amended by striking 
                ``section 30(e)(6),''.
            (3) Earned income credit.--
                    (A) Paragraph (1) of section 32(b) is amended--
                            (i) by striking subparagraphs (B) and (C), 
                        and
                            (ii) by striking ``(a) In General.--In the 
                        case of taxable years beginning after 1995:'' 
                        in subparagraph (A) and moving the table 2 ems 
                        to the left.
                    (B) Subparagraph (B) of section 32(b)(2) is amended 
                by striking ``increased by'' and all that follows and 
                inserting ``increased by $3,000.''.
            (4) First-time homebuyer credit.--Section 6213(g)(2) is 
        amended by striking subparagraph (P), as amended by section 
        13(a)(2).
            (5) Making work pay credit.--
                    (A) Subpart C of part IV of subchapter A of chapter 
                1 is amended by striking section 36A (and by striking 
                the item relating to such section in the table of 
                sections for such subpart).
                    (B) Subparagraph (A) of section 6211(b)(4) is 
                amended by striking ``, 36A''.
                    (C) Section 6213(g)(2) is amended by striking 
                subparagraph (N).
            (6) General business credits.--Subsection (d) of section 38 
        is amended by striking paragraph (3).
            (7) Low-income housing credit.--Subclause (I) of section 
        42(h)(3)(C)(ii) is amended by striking ``($1.50 for 2001)''.
            (8) Minimum tax credit.--
                    (A)(i) Section 53 is amended by striking 
                subsections (e) and (f).
                    (ii) The amendment made by clause (i) striking 
                subsection (f) of section 53 of the Internal Revenue 
                Code of 1986 shall not be construed to allow any tax 
                abated by reason of section 53(f)(1) of such Code (as 
                in effect before such amendment) to be included in the 
                amount determined under section 53(b)(1) of such Code.
                    (B) Paragraph (4) of section 6211(b)(4) is amended 
                by striking ``, 53(e)''.
            (9) Adjustments based on adjusted current earnings.--Clause 
        (ii) of section 56(g)(4)(F) is amended by striking ``In the 
        case of any taxable year beginning after December 31, 1992, 
        clause'' and inserting ``Clause''.
            (10) Items of tax preference; depletion.--Paragraph (1) of 
        section 57(a) is amended by striking ``Effective with respect 
        to taxable years beginning after December 31, 1992, this'' and 
        inserting ``This''.
            (11) Intangible drilling costs.--
                    (A) Clause (i) of section 57(a)(2)(E) is amended by 
                striking ``In the case of any taxable year beginning 
                after December 31, 1992, this'' and inserting ``This''.
                    (B) Clause (ii) of section 57(a)(2)(E) is amended 
                by striking ``(30 percent in the case of taxable years 
                beginning in 1993)''.
            (12) Environmental tax.--
                    (A) Subchapter A of chapter 1 is amended by 
                striking part VII (and by striking the item relating to 
                such part in the table of parts for such subchapter).
                    (B) Paragraph (2) of section 26(b) is amended by 
                striking subparagraph (B).
                    (C) Section 30A(c) is amended by striking paragraph 
                (1) and by redesignating paragraphs (2), (3), and (4) 
                as paragraphs (1), (2), and (3), respectively.
                    (D) Subsection (a) of section 164 is amended by 
                striking paragraph (5).
                    (E) Section 275(a) is amended by striking the last 
                sentence.
                    (F) Section 882(a)(1) is amended by striking ``, 
                59A''.
                    (G) Section 936(a)(3) is amended by striking 
                subparagraph (A) and by redesignating subparagraphs 
                (B), (C), and (D) as subparagraphs (A), (B), and (C), 
                respectively.
                    (H) Section 1561(a) is amended--
                            (i) by inserting ``and'' at the end of 
                        paragraph (2), by striking ``, and'' at the end 
                        of paragraph (3) and inserting a period, and by 
                        striking paragraph (4), and
                            (ii) by striking ``, the amount specified 
                        in paragraph (3), and the amount specified in 
                        paragraph (4)'' and inserting ``and the amount 
                        specified in paragraph (3)''.
                    (I) Section 4611(e) is amended--
                            (i) by striking ``section 59A, this 
                        section,'' in paragraph (2)(B) and inserting 
                        ``this section'', and
                            (ii) in paragraph (3)(A)--
                                    (I) by striking ``section 59A,'', 
                                and
                                    (II) by striking the comma after 
                                ``rate)''.
                    (J) Section 6425(c)(1)(A) is amended by inserting 
                ``plus'' at end of clause (i), by striking ``plus'' and 
                inserting ``over'' at the end of clause (ii), and by 
                striking clause (iii).
                    (K) Section 6655 is amended--
                            (i) by striking clause (iii) of subsection 
                        (e)(2)(B) and inserting:
                            ``(iii) Modified alternative minimum 
                        taxable income.--The term `modified alternative 
                        minimum taxable income' means alternative 
                        minimum taxable income (as defined in section 
                        55(b)(2)) but determined without regard to the 
                        alternative tax net operating loss deduction 
                        (as defined in section 56(d)).'', and
                            (ii) in subsection (g)(1)(A), by inserting 
                        ``plus'' at the end of clause (ii), by striking 
                        clause (iii), and by redesignating clause (iv) 
                        as clause (iii).
                    (L) Section 9507(b)(1) is amended by striking `` 
                59A,''.
            (13) Standard deduction.--
                    (A) So much of paragraph (1) of section 63(c) as 
                follows ``the sum of--`` is amended to read as follows:
                    ``(A) the basic standard deduction, and
                    ``(B) the additional standard deduction.''.
                    (B) Subsection (e) of section 63 is amended by 
                striking paragraphs (7), (8), and (9).
            (14) Annuities; certain proceeds of endowment and life 
        insurance contracts.--Section 72 is amended--
                    (A) in subsection (c)(4), by striking ``; except 
                that if such date was before January 1, 1954, then the 
                annuity starting date is January 1, 1954'', and
                    (B) in subsection (g)(3), by striking ``January 1, 
                1954, or'' and ``, whichever is later''.
            (15) Unemployment compensation.--Section 85 is amended by 
        striking subsection (c).
            (16) Accident and health plans.--Section 105(f) is amended 
        by striking ``or (d)''.
            (17) Flexible spending arrangements.--Section 106(c)(1) is 
        amended by striking ``Effective on and after January 1, 1997, 
        gross'' and inserting ``Gross''.
            (18) Certain combat zone compensation of members of the 
        armed forces.--Subsection (c) of section 112 is amended--
                    (A) by striking ``(after June 24, 1950)'' in 
                paragraph (2), and
                    (B) striking ``such zone;'' and all that follows in 
                paragraph (3) and inserting ``such zone.''.
            (19) Legal service plans.--
                    (A) Part III of subchapter B of chapter 1 is 
                amended by striking section 120 (and by striking the 
                item relating to such section in the table of sections 
                for such subpart).
                    (B)(i) Section 414(n)(3)(C) is amended by striking 
                ``120,''.
                    (ii) Section 414(t)(2) is amended by striking 
                ``120,''.
                    (iii) Section 501(c) is amended by striking 
                paragraph (20).
                    (iv) Section 3121(a) is amended by striking 
                paragraph (17).
                    (v) Section 3231(e) is amended by striking 
                paragraph (7).
                    (vi) Section 3306(b) is amended by striking 
                paragraph (12).
                    (vii) Section 6039D(d)(1) is amended by striking 
                ``120,''.
                    (viii) Section 209(a)(14) of the Social Security 
                Act is amended--
                            (I) by striking subparagraph (B), and
                            (II) by striking ``(14)(A)'' and inserting 
                        ``(14)''.
            (20) Principal residence.--Section 121(b)(3) is amended--
                    (A) by striking subparagraph (B), and
                    (B) in subparagraph (A), by striking ``(A) In 
                general.--'' and moving the text 2 ems to the left.
            (21) Certain reduced uniformed services retirement pay.--
        Section 122(b)(1) is amended by striking ``after December 31, 
        1965,''.
            (22) Great plains conservation program.--Section 126(a) is 
        amended by striking paragraph (6) and by redesignating 
        paragraphs (7), (8), (9), and (10) as paragraphs (6), (7), (8), 
        and (9), respectively.
            (23) Treble damage payments under the antitrust law.--
        Section 162(g) is amended by striking the last sentence.
            (24) State legislators' travel expenses away from home.--
        Paragraph (4) of section 162(h) is amended by striking ``For 
        taxable years beginning after December 31, 1980, this'' and 
        inserting ``This''.
            (25) Interest.--
                    (A) Section 163 is amended--
                            (i) by striking paragraph (6) of subsection 
                        (d), and
                            (ii) by striking paragraph (5) of 
                        subsection (h).
                    (B) Section 56(b)(1)(C) is amended by striking 
                clause (ii) and by redesignating clauses (iii), (iv), 
                and (v) as clauses (ii), (iii), and (iv), respectively.
            (26) Qualified motor vehicle taxes.--Section 164 is amended 
        by striking subsections (a)(6) and (b)(6).
            (27) Disaster losses.--
                    (A) Subsection (h) of section 165 is amended by 
                striking paragraph (3).
                    (B) Subsection (i) of section 165 is amended--
                            (i) in paragraph (1)--
                                    (I) by striking ``(as defined by 
                                clause (ii) of subsection (h)(3)(C))'', 
                                and
                                    (II) by striking ``(as defined by 
                                clause (i) of such subsection)'',
                            (ii) by striking ``(as defined by 
                        subsection (h)(3)(C)(i)'' in paragraph (4), and
                            (iii) by adding at the end the following 
                        new paragraph:
            ``(5) Federally declared disasters.--For purposes of this 
        subsection--
                    ``(A) In general.--The term `Federally declared 
                disaster' means any disaster subsequently determined by 
                the President of the United States to warrant 
                assistance by the Federal Government under the Robert 
                T. Stafford Disaster Relief and Emergency Assistance 
                Act.
                    ``(B) Disaster area.--The term `disaster area' 
                means the area so determined to warrant such 
                assistance.''.
                    (C) Section 1033(h)(3) is amended by striking 
                ``section 165(h)(3)(C)'' and inserting ``section 
                165(i))(5)''.
            (28) Charitable, etc., contributions and gifts.--Section 
        170 is amended--
                    (A) by striking paragraph (3) of subsection (b),
                    (B) by striking paragraph (6) of subsection (e), 
                and
                    (C) by striking subsection (k).
            (29) Amortizable bond premium.--
                    (A) Subparagraph (B) of section 171(b)(1) is 
                amended to read as follows:
                    ``(B)(i) with reference to the amount payable on 
                maturity (or if it results in a smaller amortizable 
                bond premium attributable to the period before the call 
                date, with reference to the amount payable on the 
                earlier call date), in the case of a bond described in 
                subsection (a)(1), and
                    ``(ii) with reference to the amount payable on 
                maturity or on an earlier call date, in the case of a 
                bond described in subsection (a)(2).''.
                    (B) Paragraphs (2) and (3)(B) of section 171(b) are 
                each amended by striking ``paragraph (1)(B)(ii)'' and 
                inserting ``paragraph (1)(B)(i)''.
            (30) Net operating loss carrybacks, carryovers, and 
        carryforwards.--
                    (A) Section 172 is amended--
                            (i) by striking subparagraphs (D), (H), (I) 
                        and (J) of subsection (b)(1) and by 
                        redesignating subparagraphs (E), (F), and (G) 
                        as subparagraphs (D), (E), and (F), 
                        respectively, and
                            (ii) by striking subsections (g) and (j) 
                        and by redesignating subsections (h), (i), and 
                        (k) as subsections (g), (h), and (i), 
                        respectively.
                    (B) Each of the following provisions of section 172 
                (as redesignated by subparagraph (A)) are amended as 
                follows:
                            (i) By striking ``ending after August 2, 
                        1989'' in subsection (b)(1)(D)(i)(II).
                            (ii) By striking ``subsection (h)'' in 
                        subsection (b)(1)(D)(ii) and inserting 
                        ``subsection (g)''.
                            (iii) By striking ``section 
                        165(h)(3)(C)(i)'' in subsection 
                        (b)(1)(E)(ii)(II), as amended by this Act, and 
                        inserting ``section 165(i)(5)''.
                            (iv) By striking ``subsection (i)'' and all 
                        that follows in the last sentence of subsection 
                        (b)(1)(E)(ii) and inserting ``subsection 
                        (h)).''.
                            (v) By striking ``subsection (i)'' in 
                        subsection (b)(1)(F) and inserting ``subsection 
                        (h)''.
                            (vi) By striking subparagraph (F) of 
                        paragraph (2) of subsection (g).
                            (vii) By striking ``subsection (b)(1)(E)'' 
                        each place it appears in subsection (g)(4) and 
                        inserting ``subsection (b)(1)(D)''.
                            (viii) By striking the last sentence of 
                        subsection (h)(1).
                            (ix) By striking ``subsection (b)(1)(G)'' 
                        each place it appears in subsection (h)(3) and 
                        inserting ``subsection (b)(1)(F)''.
                    (C) Paragraph (5) of section 382(l) is amended by 
                striking subparagraph (F) and by redesignating 
                subparagraphs (G) and (H) as subparagraphs (F) and (G), 
                respectively.
            (31) Research and experimental expenditures.--Subparagraph 
        (A) of section 174(a)(2) is amended to read as follows:
                    ``(I) Without consent.--A taxpayer may, without the 
                consent of the Secretary, adopt the method provided in 
                this subsection for his first taxable year for which 
                expenditures described in paragraph (1) are paid or 
                incurred.''.
            (32) Amortization of certain research and experimental 
        expenditures.--Paragraph (2) of section 174(b) is amended by 
        striking ``beginning after December 31, 1953''.
            (33) Soil and water conservation expenditures.--Paragraph 
        (1) of section 175(d) is amended to read as follows:
            ``(1) Without consent.--A taxpayer may, without the consent 
        of the Secretary, adopt the method provided in this section for 
        the taxpayer's first taxable year for which expenditures 
        described in subsection (a) are paid or incurred.''.
            (34) Clean-fuel vehicles.--
                    (A) Part VI of subchapter A of chapter 1 is amended 
                by striking section 179A (and by striking the item 
                relating to such section in the table of sections for 
                such part).
                    (B) Section 30C(e) is amended by adding at the end 
                the following:
            ``(7) Reference.--For purposes of this section, any 
        reference to section 179A shall be treated as a reference to 
        such section as in effect immediately before its repeal.''.
                    (C) Section 62(a) is amended by striking paragraph 
                (14).
                    (D) Section 263(a)(1) is amended by striking 
                subparagraph (H).
                    (E) Section 280F(a)(1) is amended by striking 
                subparagraph (C).
                    (F) Section 312(k)(3) is amended by striking 
                ``179A,'' each place it appears.
                    (G) Section 1016(a) is amended by striking 
                paragraph (24).
                    (H) Section 1245(a) is amended by striking 
                ``179A,'' each place it appears in paragraphs (2)(C) 
                and (3)(C).
            (35) Qualified disaster expenses.--Part VI of subchapter A 
        of chapter 1 is amended by striking section 198A (and by 
        striking the item relating to such section in the table of 
        sections for such part).
            (36) Activities not engaged in for profit.--Section 
        183(e)(1) is amended by striking the last sentence.
            (37) Domestic production activities.--
                    (A) Subsection (a) of section 199 is amended by 
                striking paragraph (2) and by striking ``In general.--
                '', by redesignating subparagraphs (A) and (B) of 
                paragraph (1) as paragraphs (1) and (2), and by moving 
                paragraphs (1) and (2) (as so redesignated) 2 ems to 
                the left.
                    (B) Paragraphs (2) and (6)(B) of section 199(d) are 
                each amended by striking ``(a)(1)(B)'' and inserting 
                ``(a)(2)''.
            (38) Retirement savings.--
                    (A) Subparagraph (A) of section 219(b)(5) is 
                amended to read as follows:
                    ``(A) In general.--The deductible amount is 
                $5,000.''.
                    (B) Clause (ii) of section 219(b)(5)(B) is amended 
                to read:
                            ``(ii) Applicable amount.--For purposes of 
                        clause (i), the applicable amount is $1,000.''.
                    (C) Clause (ii) of section 219(g)(2)(A) is amended 
                by striking ``for a taxable year beginning after 
                December 31, 2006''.
                    (D) Section 219(g)(3)(B) is amended by striking 
                clauses (i) and (ii) and inserting the following:
                            ``(i) In the case of a taxpayer filing a 
                        joint return, $80,000.
                            ``(ii) In the case of any other taxpayer 
                        (other than a married individual filing a 
                        separate return), $50,000.''.
                    (E) Paragraph (8) of section 219(g) is amended by 
                striking ``the dollar amount in the last row of the 
                table contained in paragraph (3)(B)(i), the dollar 
                amount in the last row of the table contained in 
                paragraph (3)(B)(ii), and the dollar amount contained 
                in paragraph (7)(A),'' and inserting ``each of the 
                dollar amounts in paragraphs (3)(B)(i), (3)(B)(ii), and 
                (7)(A)''.
            (39) Reports regarding qualified voluntary retirement 
        contributions.--
                    (A) Section 219 is amended by striking paragraph 
                (4) of subsection (f) and subsection (h).
                    (B) Section 6652 is amended by striking subsection 
                (g).
            (40) Interest on education loans.--Paragraph (1) of section 
        221(b) is amended by striking ``shall not exceed'' and all that 
        follows and inserting ``shall not exceed $2,500.''.
            (41) Dividends received on certain preferred stock; and 
        dividends paid on certain preferred stock of public 
        utilities.--
                    (A) Sections 244 and 247 are hereby repealed, and 
                the table of sections for part VIII of subchapter B of 
                chapter 1 is amended by striking the items relating to 
                sections 244 and 247.
                    (B) Paragraph (5) of section 172(d) is amended to 
                read as follows:
            ``(5) Computation of deduction for dividends received.--The 
        deductions allowed by section 243 (relating to dividends 
        received by corporations) and 245 (relating to dividends 
        received from certain foreign corporations) shall be computed 
        without regard to section 246(b) (relating to limitation on 
        aggregate amount of deductions).''.
                    (C) Paragraph (1) of section 243(c) is amended to 
                read as follows:
            ``(1) In general.--In the case of any dividend received 
        from a 20-percent owned corporation, subsection (a)(1) shall be 
        applied by substituting '80 percent' for `70 percent'.''.
                    (D) Section 243(d) is amended by striking paragraph 
                (4).
                    (E) Section 246 is amended--
                            (i) by striking ``, 244,'' in subsection 
                        (a)(1),
                            (ii) in subsection (b)(1)--
                                    (I) by striking ``sections 
                                243(a)(1), and 244(a),'' the first 
                                place it appears and inserting 
                                ``section 243(a)(1)'',
                                    (II) by striking ``244(a),'' the 
                                second place it appears, and
                                    (III) by striking ``subsection (a) 
                                or (b) of section 245, and 247,'' and 
                                inserting ``and subsection (a) or (b) 
                                of section 245,'', and
                            (iii) by striking ``, 244,'' in subsection 
                        (c)(1).
                    (F) Section 246A is amended by striking ``, 244,'' 
                both places it appears in subsections (a) and (e).
                    (G) Sections 263(g)(2)(B)(iii), 277(a), 301(e)(2), 
                469(e)(4), 512(a)(3)(A), subparagraphs (A), (C), and 
                (D) of section 805(a)(4), 805(b)(5), 812(e)(2)(A), 
                815(c)(2)(A)(iii), 832(b)(5), 833(b)(3)(E), and 
                1059(b)(2)(B) are each amended by striking ``, 244,'' 
                each place it appears.
                    (H) Section 1244(c)(2)(C) is amended by striking 
                ``244,''.
                    (I) Section 805(a)(4)(B) is amended by striking ``, 
                244(a),'' each place it appears.
                    (J) Section 810(c)(2)(B) is amended by striking 
                ``244 (relating to dividends on certain preferred stock 
                of public utilities),''.
                    (K) The amendments made by this paragraph shall not 
                apply to preferred stock issued before October 1, 1942 
                (determined in the same manner as under section 247 of 
                the Internal Revenue Code of 1986 as in effect before 
                its repeal by such amendments).
            (42) Organization expenses.--Section 248(c) is amended by 
        striking ``beginning after December 31, 1953,'' and by striking 
        the last sentence.
            (43) Bond repurchase premium.--Section 249(b)(1) is amended 
        by striking ``, in the case of bonds or other evidences of 
        indebtedness issued after February 28, 1913,''.
            (44) Amount of gain where loss previously disallowed.--
        Section 267(d) is amended by striking ``(or by reason of 
        section 24(b) of the Internal Revenue Code of 1939)'' in 
        paragraph (1), by striking ``after December 31, 1953,'' in 
        paragraph (2), by striking the second sentence, and by striking 
        ``or by reason of section 118 of the Internal Revenue Code of 
        1939'' in the last sentence.
            (45) Acquisitions made to evade or avoid income tax.--
        Paragraphs (1) and (2) of section 269(a) are each amended by 
        striking ``or acquired on or after October 8, 1940,''.
            (46) Meals and entertainment.--Paragraph (3) of section 
        274(n) is amended--
                    (A) by striking ``(A) In general.--'',
                    (B) by striking ``substituting `the applicable 
                percentage' for'' and inserting ``substituting `80 
                percent' for'', and
                    (C) by striking subparagraph (B).
            (47) Interest on indebtedness incurred by corporations to 
        acquire stock or assets of another corporation.--
                    (A) Section 279 is amended--
                            (i) by striking ``after December 31, 
                        1967,'' in subsection (a)(2),
                            (ii) by striking ``after October 9, 1969,'' 
                        in subsection (b),
                            (iii) by striking ``after October 9, 1969, 
                        and'' in subsection (d)(5), and
                            (iv) by striking subsection (i) and 
                        redesignating subsection (j) as subsection (i).
                    (B) The amendments made by this paragraph shall 
                not--
                            (i) apply to obligations issued on or 
                        before October 9, 1969 (determined in the same 
                        manner as under section 279 of the Internal 
                        Revenue Code of 1986 as in effect before such 
                        amendments), and
                            (ii) be construed to require interest on 
                        obligations issued on or before December 31, 
                        1967, to be taken into account under section 
                        279(a)(2) of such Code (as in effect after such 
                        amendments).
            (48) Bank holding companies.--
                    (A) Clause (iii) of section 304(b)(3)(D) is 
                repealed.
                    (B) The heading of subparagraph (D) of section 
                304(b)(3) is amended by striking ``and special rule.''
            (49) Effect on earnings and profits.--Subsection (d) of 
        section 312 is amended by striking paragraph (2) and 
        redesignating paragraph (3) as paragraph (2).
            (50) Disqualified stock.--Paragraph (3) of section 355(d) 
        is amended by striking ``after October 9, 1990, and'' each 
        place it appears.
            (51) Basis to corporations.--Section 362 is amended by 
        striking ``on or after June 22, 1954'' in subsection (a) and by 
        striking ``, on or after June 22, 1954,'' each place it appears 
        in subsection (c).
            (52) Individual retirement accounts.--Clause (i) of section 
        408(p)(2)(E) is amended to read as follows:
                            ``(i) In general.--For purposes of 
                        subparagraph (A)(ii), the applicable amount is 
                        $10,000.''.
            (53) Tax credit employee stock ownership plans.--Section 
        409 is amended by striking subsection (q).
            (54) Catch-up contributions.--Subparagraph (B) of section 
        414(v)(2) is amended to read as follows:
                    ``(II)(i) In the case of an applicable employer 
                plan other than a plan described in section 401(k)(11) 
                or 408(p), the applicable dollar amount is $5,000.
                    ``(ii) In the case of an applicable employer plan 
                described in section 401(k)(11) or 408(p), the 
                applicable dollar amount is $2,500.''.
            (55) Employee stock purchase plans.--Section 423(a) is 
        amended by striking ``after December 31, 1963,''.
            (56) Transition rules.--
                    (A)(i) Paragraph (5) of section 430(c) is amended 
                by striking subparagraph (B) and by striking ``(A) In 
                general.--''
                    (ii) Paragraph (5) of section 303(c) of the 
                Employee Retirement Income Security Act of 1974 (29 
                U.S.C.1082(c)) is amended by striking subparagraph (B) 
                and by striking ``(A) In general.--''
                    (B)(i) Paragraph (2) of section 430(h) is amended 
                by striking subparagraph (G).
                    (ii) Paragraph (2) of section 303(h) of the 
                Employee Retirement Income Security Act of 1974 (29 
                U.S.C.1082(h)) is amended by striking subparagraph (G).
                    (C)(i) Paragraph (3) of section 436(j) is amended 
                by striking subparagraphs (B) and (C) and by striking 
                ``(A) In general.--''.
                    (ii) Subparagraph (C) of section 206(g)(9) of the 
                Employee Retirement Income Security Act of 1974 (29 
                U.S.C. 1056(g)(9)) is amended by striking clauses (ii) 
                and (iii) and by striking ``(i) In general.--''.
                    (D)(i) Section 436 is amended by striking 
                subsection (m).
                    (ii) Section 206(g) of the Employee Retirement 
                Income Security Act of 1974 (29 U.S.C. 1056(g)) is 
                amended by striking paragraph (10).
            (57) Limitation on deductions for certain farming.--
                    (A) Section 464 is amended by striking ``any 
                farming syndicate (as defined in subsection (c))'' both 
                places it appears in subsections (a) and (b) and 
                inserting ``any taxpayer to whom subsection (d) 
                applies''.
                    (B)(i) Subsection (c) of section 464 is hereby 
                moved to the end of section 461 and redesignated as 
                subsection (j).
                    (ii) Such subsection (j) is amended--
                            (I) by striking ``For purposes of this 
                        section'' in paragraph (1) and inserting ``For 
                        purposes of subsection (i)(4)'', and
                            (II) by adding at the end the following new 
                        paragraphs:
            ``(3) Farming.--For purposes of this subsection, the term 
        `farming' has the meaning given to such term by section 464(e).
            ``(4) Limited entrepreneur.--For purposes of this 
        subsection, the term `limited entrepreneur' means a person 
        who--
                    ``(A) has an interest in an enterprise other than 
                as a limited partner, and
                    ``(B) does not actively participate in the 
                management of such enterprise.''.
                            (iii) Paragraph (4) of section 461(i) is 
                        amended by striking ``section 464(c)'' and 
                        inserting ``subsection (j)''.
                    (C) Section 464 is amended--
                            (i) by striking subsections (e) and (g) and 
                        redesignating subsections (d) and (f) as 
                        subsections (c) and (d), respectively, and
                            (ii) by adding at the end the following new 
                        subsection:
    ``(e) Farming.--For purposes of this section, the term `farming' 
means the cultivation of land or the raising or harvesting of any 
agricultural or horticultural commodity including the raising, 
shearing, feeding, caring for, training, and management of animals. For 
purposes of the preceding sentence, trees (other than trees bearing 
fruit or nuts) shall not be treated as an agricultural or horticultural 
commodity.''.
                    (D) Subsection (d) of section 464 of such Code (as 
                redesignated by subparagraph (C)) is amended--
                            (i) by striking paragraph (1) and 
                        redesignating paragraphs (2), (3), and (4) as 
                        paragraphs (1), (2), and (3), respectively, and
                            (ii) by striking ``Subsections (a) and (b) 
                        to Apply to'' in the heading.
                    (E) Subparagraph (A) of section 58(a)(2) is amended 
                by striking ``section 464(c)'' and inserting ``section 
                461(j)''.
            (58) Deductions limited to amount at risk.--Subparagraph 
        (A) of section 465(c)(3) is amended by striking ``In the case 
        of taxable years beginning after December 31, 1978, this'' and 
        inserting ``This''.
            (59) Passive activity losses and credits limited.--
                    (A) Section 469 is amended by striking subsection 
                (m).
                    (B) Subsection (b) of section 58 is amended by 
                adding ``and'' at the end of paragraph (1), by striking 
                paragraph (2), and by redesignating paragraph (3) as 
                paragraph (2).
            (60) Adjustments required by changes in method of 
        accounting.--Section 481(b)(3) is amended by striking 
        subparagraph (C).
            (61) Exemption from tax on corporations, certain trusts, 
        etc.--Section 501 is amended by striking subsection (s).
            (62) Requirements for exemption.--
                    (A) Section 503(a)(1) is amended to read as 
                follows:
            ``(1) General rule.--An organization described in paragraph 
        (17) or (18) of section 501(c), or described in section 401(a) 
        and referred to in section 4975(g)(2) or (3), shall not be 
        exempt from taxation under section 501(a) if it has engaged in 
        a prohibited transaction.''.
                    (B) Paragraph (2) of section 503(a) is amended by 
                striking ``described in section 501(c)(17) or (18) or 
                paragraph (a)(1)(B)'' and inserting ``described in 
                paragraph (1)''.
                    (C) Subsection (c) of section 503 is amended by 
                striking ``described in section 501(c)(17) or (18) or 
                subsection (a)(1)(B)'' and inserting ``described in 
                subsection (a)(1)''.
            (63) Accumulated taxable income.--Paragraph (1) of section 
        535(b) and paragraph (1) of section 545(b) are each amended by 
        striking ``section 531'' and all that follows and inserting 
        ``section 531 or the personal holding company tax imposed by 
        section 541.''.
            (64) Definition of property.--Subsection (b) of section 614 
        is amended--
                    (A) by striking paragraphs (3)(C) and (5), and
                    (B) in paragraph (4), by striking ``whichever of 
                the following years is later: The first taxable year 
                beginning after December 31, 1963, or''.
            (65) Amounts received by surviving annuitant under joint 
        and survivor annuity contract.--Subparagraph (A) of section 
        691(d)(1) is amended by striking ``after December 31, 1953, 
        and''.
            (66) Income taxes of members of armed forces on death.--
        Section 692(a)(1) is amended by striking ``after June 24, 
        1950''.
            (67) Special rules for computing reserves.--Paragraph (7) 
        of section 807(e) is amended by striking subparagraph (B) and 
        redesignating subparagraph (C) as subparagraph (B).
            (68) Insurance company taxable income.--
                    (A) Section 832(e) is amended by striking ``of 
                taxable years beginning after December 31, 1966,''.
                    (B) Section 832(e)(6) is amended by striking ``In 
                the case of any taxable year beginning after December 
                31, 1970, the'' and inserting ``The''.
            (69) Capitalization of certain policy acquisition 
        expenses.--Section 848 is amended by striking subsection (j).
            (70) Tax on nonresident alien individuals.--Subparagraph 
        (B) of section 871(a)(1) is amended to read as follows:
                    ``(II) gains described in subsection (b) or (c) of 
                section 631,''.
            (71) Limitation on credit.--Paragraph (2) of section 904(d) 
        is amended by striking subparagraph (J).
            (72) Foreign earned income.--Clause (i) of section 
        911(b)(2)(D) is amended to read as follows:
                            ``(i) In general.--The exclusion amount for 
                        any calendar year is $80,000.''.
            (73) Basis of property acquired from decedent.--Section 
        1014 is amended--
                    (A) by striking ``or section 811(j) of the Internal 
                Revenue Code of 1939 where the decedent died after 
                October 21, 1942'' in subsection (a)(2), and
                    (B) by striking paragraphs (7) and (8) of 
                subsection (b).
            (74) Adjusted basis.--Section 1016(a) is amended by 
        striking paragraph (12).
            (75) Property on which lessee has made improvements.--
        Section 1019 is amended by striking the last sentence.
            (76) Involuntary conversion.--Section 1033 is amended by 
        striking subsection (j) and by redesignating subsections (k) 
        and (l) as subsections (j) and (k), respectively.
            (77) Property acquired during affiliation.--Section 1051 is 
        hereby repealed, and the table of sections for part IV of 
        subchapter O of chapter 1 is amended by striking the item 
        relating to section 1051.
            (78) Capital gains and losses.--Section 1222 is amended by 
        striking the last sentence.
            (79) Holding period of property.--
                    (A) Paragraph (1) of section 1223 is amended by 
                striking ``after March 1, 1954,''.
                    (B) Paragraph (4) of section 1223 is amended by 
                striking ```(or under so much of section 1052(c) as 
                refers to section 113(a)(23) of the Internal Revenue 
                Code of 1939)'''.
                    (C) Paragraphs (6) and (8) of section 1223 are 
                repealed.
            (80) Property used in the trade or business and involuntary 
        conversions.--Subparagraph (A) of section 1231(c)(2) is amended 
        by striking ``beginning after December 31, 1981''.
            (81) Sale or exchange of patents.--Section 1235 is 
        amended--
                    (A) by striking subsection (c) and by redesignating 
                subsections (d) and (e) as subsections (c) and (d), 
                respectively, and
                    (B) by striking ``subsection (d)'' in subsection 
                (b)(2)(B) and inserting ``subsection (c)''.
            (82) Dealers in securities.--Subsection (b) of section 1236 
        is amended by striking ``after November 19, 1951,''.
            (83) Sale of patents.--Subsection (a) of section 1249 is 
        amended by striking ``after December 31, 1962,''.
            (84) Gain from disposition of farmland.--Paragraph (1) of 
        section 1252(a) is amended--
                    (A) by striking ``after December 31, 1969'' the 
                first place it appears, and
                    (B) by striking ``after December 31, 1969,'' in 
                subparagraph (A).
            (85) Treatment of amounts received on retirement or sale or 
        exchange of debt instruments.--Subsection (c) of section 1271 
        is amended to read as follows:
    ``(c) Special Rule for Certain Obligations With Respect to Which 
Original Issue Discount Not Currently Includible.--
            ``(1) In general.--On the sale or exchange of debt 
        instruments issued by a government or political subdivision 
        thereof after December 31, 1954, and before July 2, 1982, or by 
        a corporation after December 31, 1954, and on or before May 27, 
        1969, any gain realized which does not exceed--
                    ``(A) an amount equal to the original issue 
                discount, or
                    ``(B) if at the time of original issue there was no 
                intention to call the debt instrument before maturity, 
                an amount which bears the same ratio to the original 
                issue discount as the number of complete months that 
                the debt instrument was held by the taxpayer bears to 
                the number of complete months from the date of original 
                issue to the date of maturity, shall be considered as 
                ordinary income.
            ``(2) Subsection (a)(2)(a) not to apply.--Subsection 
        (a)(2)(A) shall not apply to any debt instrument referred to in 
        paragraph (1) of this subsection.
            ``(3) Cross reference.--For current inclusion of original 
        issue discount, see section 1272.''.
            (86) Amount and method of adjustment.--Section 1314 is 
        amended by striking subsection (d) and by redesignating 
        subsection (e) as subsection (d).
            (87) Election; revocation; termination.--Clause (iii) of 
        section 1362(d)(3)(A) is amended by striking ``unless'' and all 
        that follows and inserting ``unless the corporation was an S 
        corporation for such taxable year.''.
            (88) Old-age, survivors, and disability insurance.--
        Subsection (a) of section 1401 is amended by striking ``the 
        following percent'' and all that follows and inserting ``12.4 
        percent of the amount of the self-employment income for such 
        taxable year.''.
            (89) Hospital insurance.--Paragraph (1) of section 1401(b) 
        is amended by striking: ``the following percent'' and all that 
        follows and inserting ``2.9 percent of the amount of the self-
        employment income for such taxable year.''.
            (90) Ministers, members of religious orders, and christian 
        science practitioners.--Paragraph (3) of section 1402(e) is 
        amended--
                    (A) by striking ``whichever of the following dates 
                is later: (A)'' and
                    (B) by striking ``;or (B)''' and all that follows 
                and inserting a period.
            (91) Withholding of tax on nonresident aliens.--The first 
        sentence of subsection (b) of section 1441 and the first 
        sentence of paragraph (5) of section 1441(c) are each amended 
        by striking ``gains subject to tax'' and all that follows 
        through ``October 4, 1966'' and inserting ``and gains subject 
        to tax under section 871(a)(1)(D)''.
            (92) Affiliated group defined.--Subparagraph (A) of section 
        1504(a)(3) is amended by striking ``for a taxable year which 
        includes any period after December 31, 1984'' in clause (i) and 
        by striking ``in a taxable year beginning after December 31, 
        1984'' in clause (ii).
            (93) Disallowance of the benefits of the graduated 
        corporate rates and accumulated earnings credit.--
                    (A) Subsection (a) of section 1551 is amended--
                            (i) by striking paragraph (1) and by 
                        redesignating paragraphs (2) and (3) as 
                        paragraphs (1) and (2), respectively, and
                            (ii) by striking ``after June 12, 1963,'' 
                        each place it appears.
                    (B) Section 1551(b) is amended--
                            (i) by striking ``or (2)'' in paragraph 
                        (1), and
                            (ii) by striking ``(a)(3)'' in paragraph 
                        (2) and inserting ``(a)(2)''.
            (94) Credit for state death taxes.--
                    (A)(i) Part II of subchapter A of chapter 11 is 
                amended by striking section 2011 (and by striking the 
                item relating to such section in the table of sections 
                for such subpart).
                    (ii) Section 2106(a)(4) is amended by striking 
                ``section 2011(a)'' and inserting ``2058(a)''.
                    (B)(i) Subchapter A of chapter 13 is amended by 
                striking section 2604 (and by striking the item 
                relating to such section in the table of sections for 
                such subpart).
                    (ii) Clause (ii) of section 164(b)(4)(A) is amended 
                by inserting ``(as in effect before its repeal)'' after 
                ``section 2604''.
                    (iii) Section 2654(a)(1) is amended by striking 
                ``(computed without regard to section 2604)''.
            (95) Gross estate.--Subsection (c) of section 2031 is 
        amended by striking paragraph (3) and by amending paragraph 
        (1)(B) to read as follows:
                    ``(II) $500,000.''.
            (96)(A) Part IV of subchapter A of chapter 11 is amended by 
        striking section 2057 (and by striking the item relating to 
        such section in the table of sections for such subpart).
            (B) Paragraph (10) of section 2031(c) is amended by 
        inserting ``(as in effect before its repeal)'' immediately 
        before the period at the end thereof.
            (97) Property within the united states.--Subsection (c) of 
        section 2104 is amended by striking ``With respect to estates 
        of decedents dying after December 31, 1969, deposits'' and 
        inserting ``Deposits''.
            (98) FICA taxes.--
                    (A) Subsection (a) of section 3101 is amended by 
                striking ``the following percentages'' and all that 
                follows and inserting ``6.2 percent of the wages (as 
                defined in section 3121(a)) received by the individual 
                with respect to employment (as defined in section 
                3121(b))''.
                    (B)(i) Subsection (a) of section 3111 is amended by 
                striking ``the following percentages'' and all that 
                follows and inserting ``6.2 percent of the wages (as 
                defined in section 3121(a)) paid by the employer with 
                respect to employment (as defined in section 
                3121(b)).''
                    (ii) Subsection (b) of section 3111 is amended by 
                striking ``the following percentages'' and all that 
                follows and inserting ``1.45 percent of the wages (as 
                defined in section 3121(a)) paid by the employer with 
                respect to employment (as defined in section 
                3121(b)).''
                    (C)(i) Section 3121(b) is amended by striking 
                paragraph (17).
                    (ii) Section 210(a) of the Social Security Act is 
                amended by striking paragraph (17).
            (99) Railroad retirement.--
                    (A) Subsection (b) of section 3201 is amended to 
                read as follows:
    ``(b) Tier 2 Tax.--In addition to other taxes, there is hereby 
imposed on the income of each employee a tax equal to the percentage 
determined under section 3241 for any calendar year of the compensation 
received during such calendar year by such employee for services 
rendered by such employee.''.
                    (B) Subsection (b) of section 3211 is amended to 
                read as follows:
    ``(b) Tier 2 Tax.--In addition to other taxes, there is hereby 
imposed on the income of each employee representative a tax equal to 
the percentage determined under section 3241 for any calendar year of 
the compensation received during such calendar year by such employee 
representative for services rendered by such employee 
representative.''.
                    (C) Subsection (b) of section 3221 is amended to 
                read as follows:
    ``(b) Tier 2 Tax.--In addition to other taxes, there is hereby 
imposed on the income of each employer a tax equal to the percentage 
determined under section 3241 for any calendar year of the compensation 
paid during such calendar year by such employer for services rendered 
for such employer.''.
                    (D) Subsection (b) of section 3231 is amended--
                            (i) by striking ``compensation; except'' 
                        and all that follows in the first sentence and 
                        inserting ``compensation.'', and
                            (ii) by striking the second sentence.
            (100) Credits against federal unemployment tax.--
                    (A) Paragraph (4) of section 3302(f) is amended--
                            (i) by striking ``subsection--'' and all 
                        that follows through ``(A) In general.--The'' 
                        and inserting ``subsection, the''
                            (ii) by striking subparagraph (B),
                            (iii) by redesignating clauses (i) and (ii) 
                        as subparagraphs (A) and (B), respectively, and
                            (iv) by moving the text of such 
                        subparagraphs (as so redesignated) 2 ems to the 
                        left.
                    (B) Paragraph (5) of section 3302(f) is amended by 
                striking subparagraph (D) and by redesignating 
                subparagraph (E) as subparagraph (D).
            (101) Domestic service employment taxes.--Section 3510(b) 
        is amended by striking paragraph (4).
            (102) Luxury passenger automobiles.--
                    (A) Chapter 31 is amended by striking subchapter A 
                (and by striking the item relating to such subchapter 
                in the table of subchapters for such chapter).
                    (B)(i) Section 4221 is amended--
                            (I) in subsections (a) and (d)(1), by 
                        striking ``subchapter A or'' and inserting 
                        ``subchapter'',
                            (II) in subsection (a), by striking ``In 
                        the case of taxes imposed by subchapter A of 
                        chapter 31, paragraphs (1), (3), (4), and (5) 
                        shall not apply.'', and
                            (III) in subsection (c), by striking 
                        ``4001(c), 4001(d), or''.
                    (ii) Section 4222 is amended by striking ``4001(c), 
                4001(d),''.
                    (iii) Section 4293 is amended by striking 
                ``subchapter A of chapter 31,''.
            (103) Tax on fuel used in commercial transportation on 
        inland waterways.--Section 4042(b)(2)(A) is amended to read as 
        follows:
                    ``(I) The Inland Waterways Trust Fund financing 
                rate is 20 cents per gallon.''.
            (104) Transportation by air.--Section 4261(e) is amended--
                    (A) in paragraph (1), by striking subparagraph (C), 
                and
                    (B) by striking paragraph (5).
            (105) Taxes on failure to distribute income.--
                    (A) Subsection (g) of section 4942 is amended by 
                striking ``For all taxable years beginning on or after 
                January 1, 1975, subject'' in paragraph (2)(A) and 
                inserting ``Subject''.
                    (B) Section 4942(i)(2) is amended by striking 
                ``beginning after December 31, 1969, and''.
            (106) Taxes on taxable expenditures.--Section 4945(f) is 
        amended by striking ``(excluding therefrom any preceding 
        taxable year which begins before January 1, 1970)''.
            (107) Definitions and special rules.--Section 4682(h) is 
        amended--
                    (A) by striking paragraph (1) and redesignating 
                paragraphs (2), (3), and (4) as paragraphs (1), (2), 
                and (3), respectively, and
                    (B) in paragraph (1) (as so redesignated)--
                            (i) by striking the heading and inserting 
                        ``In general'', and
                            (ii) by striking ``after 1991'' in 
                        subparagraph (C).
            (108) Returns.--Subsection (a) of section 6039D is amended 
        by striking ``beginning after December 31, 1984,''.
            (109) Information returns.--Subsection (c) of section 6060 
        is amended by striking ```year''' and all that follows and 
        inserting ``year.''.
            (110) Collection.--Section 6302 is amended--
                    (A) in subsection (e)(2), by striking ``imposed 
                by'' and all that follows through ``with respect to'' 
                and inserting ``imposed by sections 4251, 4261, or 4271 
                with respect to'',
                    (B) by striking the last sentence of subsection 
                (f)(1), and
                    (C) in subsection (h)--
                            (i) by striking paragraph (2) and 
                        redesignating paragraphs (3) and (4) as 
                        paragraphs (2) and (3), respectively, and
                            (ii) by amending paragraph (3) (as so 
                        redesignated) to read as follows:
            ``(3) Coordination with other electronic fund transfer 
        requirements.--Under regulations, any tax required to be paid 
        by electronic fund transfer under section 5061(e) or 5703(b) 
        shall be paid in such a manner as to ensure that the 
        requirements of the second sentence of paragraph (1)(A) of this 
        subsection are satisfied.''.
            (111) Abatements.--Section 6404(f) is amended by striking 
        paragraph (3).
            (112) 2008 recovery rebate for individuals.--
                    (A) Subchapter B of chapter 65 is amended by 
                striking section 6428 (and by striking the item 
                relating to such section in the table of sections for 
                such subchapter).
                    (B) Subparagraph (A) of section 6211(b)(4) is 
                amended by striking ``6428,''.
                    (C) Paragraph (2) of section 6213(g), as amended by 
                section 13(a)(2) and paragraphs (4) and (5)(C) of this 
                subsection, is amended by striking subparagraph (Q), by 
                redesignating subparagraph (O) as subparagraph (N), by 
                inserting ``and'' at the end of subparagraph (M), and 
                by striking the comma at the end of subparagraph (N) 
                (as so redesignated) and inserting a period.
                    (D) Paragraph (2) of section 1324(b) of title 31, 
                United States Code, is amended by striking ``6428, or 
                6431,'' and inserting ``or 6431''.
            (113) Advance payment of portion of increased child credit 
        for 2003.--Subchapter B of chapter 65 is amended by striking 
        section 6429 (and by striking the item relating to such section 
        in the table of sections for such subchapter).
            (114) Failure by corporation to pay estimated income tax.--
        Clause (i) of section 6655(g)(4)(A) is amended by striking 
        ``(or the corresponding provisions of prior law)''.
            (115) Retirement.--Section 7447(i)(3)(B)(ii) is amended by 
        striking ``at 4 percent per annum to December 31, 1947, and at 
        3 percent per annum thereafter'', and inserting ``at 3 percent 
        per annum''.
            (116) Annuities to surviving spouses and dependent children 
        of judges.--
                    (A) Paragraph (2) of section 7448(a) is amended--
                            (i) by striking ``or under section 1106 of 
                        the Internal Revenue Code of 1939'' and,
                            (ii) by striking ``or pursuant to section 
                        1106(d) of the Internal Revenue Code of 1939''.
                    (B) Subsection (g) of section 7448 is amended by 
                striking ``or other than pursuant to section 1106 of 
                the Internal Revenue Code of 1939''.
                    (C) Subsections (g), (j)(1), and (j)(2) of section 
                7448 are each amended by striking ``at 4 percent per 
                annum to December 31, 1947, and at 3 percent per annum 
                thereafter'' and inserting ``at 3 percent per annum''.
            (117) Merchant marine capital construction funds.--
        Paragraph (4) of section 7518(g) is amended by striking ``any 
        nonqualified withdrawal'' and all that follows through ```shall 
        be determined'' and inserting ``any nonqualified withdrawal 
        shall be determined''.
            (118) Valuation tables.--
                    (A) Subsection (c) of section 7520 is amended by 
                striking paragraph (2) and redesignating paragraph (3) 
                as paragraph (2).
                    (B) Paragraph (2) of section 7520(c) (as 
                redesignated by subparagraph (A)) is amended--
                            (i) by striking ``Not later than December 
                        31, 1989, the'' and inserting ``The'', and
                            (ii) by striking ``thereafter'' in the last 
                        sentence thereof.
            (119) Definition of employee.--Section 7701(a)(20) is 
        amended by striking ``chapter 21'' and all that follows and 
        inserting ``chapter 21.''.
    (b) Effective Date.--
            (1) General rule.--Except as otherwise provided in 
        subsection (a) or paragraph (2) of this subsection, the 
        amendments made by this section shall take effect on the date 
        of enactment of this Act.
            (2) Savings provision.--If--
                    (A) any provision amended or repealed by the 
                amendments made by this section applied to--
                            (i) any transaction occurring before the 
                        date of the enactment of this Act,
                            (ii) any property acquired before such date 
                        of enactment, or
                            (iii) any item of income, loss, deduction, 
                        or credit taken into account before such date 
                        of enactment, and
                    (B) the treatment of such transaction, property, or 
                item under such provision would (without regard to the 
                amendments or repeals made by this section) affect the 
                liability for tax for periods ending after date of 
                enactment, nothing in the amendments or repeals made by 
                this section shall be construed to affect the treatment 
                of such transaction, property, or item for purposes of 
                determining liability for tax for periods ending after 
                such date of enactment.
                                                       Calendar No. 367

113th CONGRESS

  2d Session

                                S. 2261

                          [Report No. 113-155]

_______________________________________________________________________

                                 A BILL

     To amend the Internal Revenue Code of 1986 to make technical 
 corrections, to remove provisions that are no longer applicable, and 
                          for other purposes.

_______________________________________________________________________

                             April 28, 2014

                 Read twice and placed on the calendar
```