H. R. 4853—22 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to estates of decedents dying after December 31, 2009. 
SEC. 727. PARITY FOR EXCLUSION FROM INCOME FOR EMPLOYER- 
PROVIDED MASS TRANSIT AND PARKING BENEFITS. 
(a) IN GENERAL.—Paragraph (2) of section 132(f) is amended 
by striking ‘‘January 1, 2011’’ and inserting ‘‘January 1, 2012’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to months after December 31, 2010. 
SEC. 728. REFUNDS DISREGARDED IN THE ADMINISTRATION OF FED-
ERAL PROGRAMS AND FEDERALLY ASSISTED PROGRAMS. 
(a) IN GENERAL.—Subchapter A of chapter 65 is amended by 
adding at the end the following new section: 
‘‘SEC. 6409. REFUNDS DISREGARDED IN THE ADMINISTRATION OF FED-
ERAL PROGRAMS AND FEDERALLY ASSISTED PROGRAMS. 
‘‘(a) IN GENERAL.—Notwithstanding any other provision of law, 
any refund (or advance payment with respect to a refundable credit) 
made to any individual under this title shall not be taken into 
account as income, and shall not be taken into account as resources 
for a period of 12 months from receipt, for purposes of determining 
the eligibility of such individual (or any other individual) for benefits 
or assistance (or the amount or extent of benefits or assistance) 
under any Federal program or under any State or local program 
financed in whole or in part with Federal funds. 
‘‘(b) TERMINATION.—Subsection (a) shall not apply to any 
amount received after December 31, 2012.’’. 
(b) CLERICAL AMENDMENT.—The table of sections for such sub-
chapter is amended by adding at the end the following new item: 
‘‘Sec. 6409. Refunds disregarded in the administration of Federal programs and 
federally assisted programs.’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to amounts received after December 31, 2009. 
Subtitle C—Business Tax Relief 
SEC. 731. RESEARCH CREDIT. 
(a) IN GENERAL.—Subparagraph (B) of section 41(h)(1) is 
amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 
31, 2011’’. 
(b) CONFORMING AMENDMENT.—Subparagraph (D) of section 
45C(b)(1) is amended by striking ‘‘December 31, 2009’’ and inserting 
‘‘December 31, 2011’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to amounts paid or incurred after December 31, 2009. 
SEC. 732. INDIAN EMPLOYMENT TAX CREDIT. 
(a) IN GENERAL.—Subsection (f) of section 45A is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to taxable years beginning after December 31, 2009. 
SEC. 733. NEW MARKETS TAX CREDIT. 
(a) IN GENERAL.—Paragraph (1) of section 45D(f) is amended— 
(1) by striking ‘‘and’’ at the end of subparagraph (E),
H. R. 4853—23 
(2) by striking the period at the end of subparagraph (F), 
and 
(3) by adding at the end the following new subparagraph: 
‘‘(G) $3,500,000,000 for 2010 and 2011.’’. 
(b) CONFORMING AMENDMENT.—Paragraph (3) of section 45D(f) 
is amended by striking ‘‘2014’’ and inserting ‘‘2016’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to calendar years beginning after 2009. 
SEC. 734. RAILROAD TRACK MAINTENANCE CREDIT. 
(a) IN GENERAL.—Subsection (f) of section 45G is amended 
by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2012’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to expenditures paid or incurred in taxable years begin-
ning after December 31, 2009. 
SEC. 735. MINE RESCUE TEAM TRAINING CREDIT. 
(a) IN GENERAL.—Subsection (e) of section 45N is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to taxable years beginning after December 31, 2009. 
SEC. 736. EMPLOYER WAGE CREDIT FOR EMPLOYEES WHO ARE ACTIVE 
DUTY MEMBERS OF THE UNIFORMED SERVICES. 
(a) IN GENERAL.—Subsection (f) of section 45P is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to payments made after December 31, 2009. 
SEC. 737. 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED 
LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT 
BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL 
IMPROVEMENTS. 
(a) IN
GENERAL.—Clauses (iv), (v), and (ix) of section 
168(e)(3)(E) are each amended by striking ‘‘January 1, 2010’’ and 
inserting ‘‘January 1, 2012’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Clause (i) of section 168(e)(7)(A) is amended by striking 
‘‘if such building is placed in service after December 31, 2008, 
and before January 1, 2010,’’. 
(2) Paragraph (8) of section 168(e) is amended by striking 
subparagraph (E). 
(3) Section 179(f)(2) is amended— 
(A) by striking ‘‘(without regard to the dates specified 
in subparagraph (A)(i) thereof)’’ in subparagraph (B), and 
(B) by striking ‘‘(without regard to subparagraph (E) 
thereof)’’ in subparagraph (C). 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to property placed in service after December 31, 2009. 
SEC. 738. 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAIN-
MENT COMPLEXES. 
(a) IN GENERAL.—Subparagraph (D) of section 168(i)(15) is 
amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 
31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to property placed in service after December 31, 2009.
H. R. 4853—24 
SEC. 739. ACCELERATED DEPRECIATION FOR BUSINESS PROPERTY 
ON AN INDIAN RESERVATION. 
(a) IN GENERAL.—Paragraph (8) of section 168(j) is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to property placed in service after December 31, 2009. 
SEC. 740. ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS 
OF FOOD INVENTORY. 
(a) IN GENERAL.—Clause (iv) of section 170(e)(3)(C) is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to contributions made after December 31, 2009. 
SEC. 741. ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS 
OF BOOK INVENTORIES TO PUBLIC SCHOOLS. 
(a) IN GENERAL.—Clause (iv) of section 170(e)(3)(D) is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to contributions made after December 31, 2009. 
SEC. 742. ENHANCED CHARITABLE DEDUCTION FOR CORPORATE CON-
TRIBUTIONS 
OF 
COMPUTER 
INVENTORY 
FOR 
EDU-
CATIONAL PURPOSES. 
(a) IN GENERAL.—Subparagraph (G) of section 170(e)(6) is 
amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 
31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to contributions made in taxable years beginning after 
December 31, 2009. 
SEC. 743. ELECTION TO EXPENSE MINE SAFETY EQUIPMENT. 
(a) IN GENERAL.—Subsection (g) of section 179E is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to property placed in service after December 31, 2009. 
SEC. 744. SPECIAL EXPENSING RULES FOR CERTAIN FILM AND TELE-
VISION PRODUCTIONS. 
(a) IN GENERAL.—Subsection (f) of section 181 is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to productions commencing after December 31, 2009. 
SEC. 745. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS. 
(a) IN GENERAL.—Subsection (h) of section 198 is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to expenditures paid or incurred after December 31, 
2009. 
SEC. 746. DEDUCTION ALLOWABLE WITH RESPECT TO INCOME ATTRIB-
UTABLE 
TO 
DOMESTIC 
PRODUCTION 
ACTIVITIES 
IN 
PUERTO RICO. 
(a) IN GENERAL.—Subparagraph (C) of section 199(d)(8) is 
amended— 
(1) by striking ‘‘first 4 taxable years’’ and inserting ‘‘first 
6 taxable years’’; and
H. R. 4853—25 
(2) by striking ‘‘January 1, 2010’’ and inserting ‘‘January 
1, 2012’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply to taxable years beginning after December 31, 2009. 
SEC. 747. MODIFICATION OF TAX TREATMENT OF CERTAIN PAYMENTS 
TO CONTROLLING EXEMPT ORGANIZATIONS. 
(a) IN
GENERAL.—Clause (iv) of section 512(b)(13)(E) is 
amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 
31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to payments received or accrued after December 31, 
2009. 
SEC. 748. TREATMENT OF CERTAIN DIVIDENDS OF REGULATED 
INVESTMENT COMPANIES. 
(a) IN GENERAL.—Paragraphs (1)(C) and (2)(C) of section 871(k) 
are each amended by striking ‘‘December 31, 2009’’ and inserting 
‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply to taxable years beginning after December 31, 2009. 
SEC. 749. RIC QUALIFIED INVESTMENT ENTITY TREATMENT UNDER 
FIRPTA. 
(a) IN GENERAL.—Clause (ii) of section 897(h)(4)(A) is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendment made by subsection (a) 
shall take effect on January 1, 2010. Notwithstanding the pre-
ceding 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 
the date of the enactment of this Act. 
(2) AMOUNTS WITHHELD ON OR BEFORE DATE OF ENACT-
MENT.—In the case of a regulated investment company— 
(A) which makes a distribution after December 31, 
2009, and before the date of the enactment of this Act; 
and 
(B) which would (but for the second sentence of para-
graph (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 with-
held and paid over to the Secretary of the Treasury. 
SEC. 750. EXCEPTIONS FOR ACTIVE FINANCING INCOME. 
(a) IN GENERAL.—Sections 953(e)(10) and 954(h)(9) are each 
amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 
1, 2012’’. 
(b) CONFORMING AMENDMENT.—Section 953(e)(10) is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to taxable years of foreign corporations beginning after 
December 31, 2009, and to taxable years of United States share-
holders with or within which any such taxable year of such foreign 
corporation ends.
H. R. 4853—26 
SEC. 751. LOOK-THRU TREATMENT OF PAYMENTS BETWEEN RELATED 
CONTROLLED FOREIGN CORPORATIONS UNDER FOREIGN 
PERSONAL HOLDING COMPANY RULES. 
(a) IN GENERAL.—Subparagraph (C) of section 954(c)(6) is 
amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 
1, 2012’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to taxable years of foreign corporations beginning after 
December 31, 2009, and to taxable years of United States share-
holders with or within which any such taxable year of such foreign 
corporation ends. 
SEC. 752. BASIS ADJUSTMENT TO STOCK OF S CORPS MAKING CHARI-
TABLE CONTRIBUTIONS OF PROPERTY. 
(a) IN GENERAL.—Paragraph (2) of section 1367(a) is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to contributions made in taxable years beginning after 
December 31, 2009. 
SEC. 753. EMPOWERMENT ZONE TAX INCENTIVES. 
(a) IN GENERAL.—Section 1391 is amended— 
(1) by striking ‘‘December 31, 2009’’ in subsection 
(d)(1)(A)(i) and inserting ‘‘December 31, 2011’’; and 
(2) by striking the last sentence of subsection (h)(2). 
(b) INCREASED EXCLUSION OF GAIN ON STOCK OF EMPOWERMENT 
ZONE
BUSINESSES.—Subparagraph (C) of section 1202(a)(2) is 
amended— 
(1) by striking ‘‘December 31, 2014’’ and inserting 
‘‘December 31, 2016’’; and 
(2) by striking ‘‘2014’’ in the heading and inserting ‘‘2016’’. 
(c) TREATMENT OF CERTAIN TERMINATION DATES SPECIFIED IN 
NOMINATIONS.—In the case of a designation of an empowerment 
zone the nomination for which included a termination date which 
is contemporaneous with the date specified in subparagraph (A)(i) 
of section 1391(d)(1) of the Internal Revenue Code of 1986 (as 
in effect before the enactment of this Act), subparagraph (B) of 
such section shall not apply with respect to such designation if, 
after the date of the enactment of this section, the entity which 
made such nomination amends the nomination to provide for a 
new termination date in such manner as the Secretary of the 
Treasury (or the Secretary’s designee) may provide. 
(d) EFFECTIVE DATE.—The amendments made by this section 
shall apply to periods after December 31, 2009. 
SEC. 754. TAX INCENTIVES FOR INVESTMENT IN THE DISTRICT OF 
COLUMBIA. 
(a) IN GENERAL.—Subsection (f) of section 1400 is amended 
by striking ‘‘December 31, 2009’’ each place it appears and inserting 
‘‘December 31, 2011’’. 
(b) TAX-EXEMPT DC EMPOWERMENT ZONE BONDS.—Subsection 
(b) of section 1400A is amended by striking ‘‘December 31, 2009’’ 
and inserting ‘‘December 31, 2011’’. 
(c) ZERO-PERCENT CAPITAL GAINS RATE.— 
(1) 
ACQUISITION
DATE.—Paragraphs 
(2)(A)(i), 
(3)(A), 
(4)(A)(i), and (4)(B)(i)(I) of section 1400B(b) are each amended 
by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2012’’. 
(2) LIMITATION ON PERIOD OF GAINS.—