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serting ‘‘, and’’, and by adding at the end the following
new paragraph:
‘‘(10) the vaccine research credit determined
under section 45G(a) (other than such credit deter-
mined under the rules of section 280C(d)(2)).’’.
(e) TECHNICAL AMENDMENTS.—
(1) Section 1324(b)(2) of title 31, United States
Code, is amended by inserting ‘‘or from section
45G(e) of such Code,’’ after ‘‘1978,’’.
(2) The table of sections for subpart D of part
IV of subchapter A of chapter 1, as amended by sec-
tion 620, is amended by adding at the end the fol-
lowing new item:
‘‘Sec. 45G. Credit for medical research related to developing vac-
cines against widespread diseases.’’.
(f) EFFECTIVE DATE.—The amendments made by this
section shall apply to taxable years ending after the date
of the enactment of this Act.
SEC. 812. ACCELERATION OF BENEFITS OF WAGE TAX CRED-
ITS FOR EMPOWERMENT ZONES.
Section 113(d) of the Community Renewal Tax Relief
Act of 2000 is amended by striking ‘‘December 31, 2001’’
and inserting ‘‘the earlier of—
‘‘(1) the date of the enactment of the Restoring
Earnings To Lift Individuals and Empower Families
(RELIEF) Act of 2001, or
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‘‘(2) July 1, 2001’’.
SEC. 813. TREATMENT OF CERTAIN HOSPITAL SUPPORT OR-
GANIZATIONS AS QUALIFIED ORGANIZATIONS
FOR PURPOSES OF DETERMINING ACQUISI-
TION INDEBTEDNESS.
(a) IN
GENERAL.—Subparagraph (C) of section
514(c)(9) (relating to real property acquired by a qualified
organization) is amended by striking ‘‘or’’ at the end of
clause (ii), by striking the period at the end of clause (iii)
and inserting ‘‘; or’’, and by adding at the end the following
new clause:
‘‘(iv) a qualified hospital support
organization (as defined in subpara-
graph (I)).’’.
(b) QUALIFIED
HOSPITAL
SUPPORT
ORGANIZA-
TIONS.—Paragraph (9) of section 514(c) is amended by
adding at the end the following new subparagraph:
‘‘(I) QUALIFIED HOSPITAL SUPPORT ORGA-
NIZATIONS.—For 
purposes 
of 
subparagraph
(C)(iv), the term ‘qualified hospital support or-
ganization’ means, with respect to any eligible
indebtedness (including any qualified refi-
nancing of such eligible indebtedness), a support
organization (as defined in section 509(a)(3))
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which supports a hospital described in section
119(d)(4)(B) and with respect to which—
‘‘(i) more than half of its assets
(by value) at any time since its
organization—
‘‘(I) were acquired, directly
or indirectly, by gift or devise,
and
‘‘(II) consisted of real prop-
erty, and
‘‘(ii) the fair market value of the
organization’s real estate acquired, di-
rectly or indirectly, by gift or devise,
exceeded 10 percent of the fair market
value of all investment assets held by
the organization immediately prior to
the time that the eligible indebtedness
was incurred.
For purposes of this subparagraph, the term ‘eli-
gible indebtedness’ means indebtedness secured by
real property acquired by the organization, di-
rectly or indirectly, by gift or devise, the pro-
ceeds of which are used exclusively to acquire
any leasehold interest in such real property or
for improvements on, or repairs to, such real
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property. A determination under clauses (i) and
(ii) of this subparagraph shall be made each
time such an eligible indebtedness (or the quali-
fied refinancing of such an eligible indebtedness)
is incurred. For purposes of this subparagraph,
a refinancing of such an eligible indebtedness
shall be considered qualified if such refinancing
does not exceed the amount of the refinanced eli-
gible indebtedness immediately before the refi-
nancing.’’.
(c) EFFECTIVE DATE.—The amendments made by this
section shall apply to indebtedness incurred after December
31, 2003.
SEC. 814. TAX-EXEMPT BOND AUTHORITY FOR TREATMENT
FACILITIES REDUCING ARSENIC LEVELS IN
DRINKING WATER.
(a) IN GENERAL.—Section 142(e) (relating to facilities
for the furnishing of water) is amended—
(1) by redesignating paragraphs (1) and (2) as
subparagraphs (A) and (B), respectively,
(2) by striking ‘‘For purposes’’ and inserting the
following:
‘‘(1) IN GENERAL.—For purposes’’, and
(3) by adding at the end the following:
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‘‘(2) FACILITIES REDUCING ARSENIC LEVELS IN-
CLUDED.—Such term includes improvements to facili-
ties in order to comply with the 10 parts per billion
arsenic standard recommended by the National Acad-
emy of Sciences.’’.
(b) FACILITIES NOT SUBJECT TO STATE CAP.—Sec-
tion 146(g) (relating to exception for certain bonds) is
amended—
(1) by striking ‘‘and’’ at the end of paragraph
(3),
(2) by striking the period at the end of para-
graph (4) and inserting ‘‘, and’’, and
(3) by inserting after paragraph (4), the fol-
lowing new paragraph:
‘‘(5) any exempt facility bond issued as part of
an issue described in section 142(a)(4) (relating to fa-
cilities for the furnishing of water), but only to the
extent the property to be financed by the net proceeds
of the issue is described in section 142(e)(2).’’.
(c) EXEMPT FROM AMT.—Section 57(a)(5)(C) (relat-
ing to tax-exempt interest of specified private activity
bonds) is amended by adding at the end the following new
clause:
‘‘(v) EXCEPTION FOR CERTAIN WATER
FACILITY
BONDS.—For purposes of clause