H. R. 4853—27 
(A) IN GENERAL.—Paragraph (2) of section 1400B(e) 
is amended— 
(i) by striking ‘‘December 31, 2014’’ and inserting 
‘‘December 31, 2016’’; and 
(ii) by striking ‘‘2014’’ in the heading and inserting 
‘‘2016’’. 
(B) PARTNERSHIPS AND S-CORPS.—Paragraph (2) of sec-
tion 1400B(g) is amended by striking ‘‘December 31, 2014’’ 
and inserting ‘‘December 31, 2016’’. 
(d) FIRST-TIME HOMEBUYER CREDIT.—Subsection (i) of section 
1400C is amended by striking ‘‘January 1, 2010’’ and inserting 
‘‘January 1, 2012’’. 
(e) EFFECTIVE DATES.— 
(1) IN GENERAL.—Except as otherwise provided in this sub-
section, the amendments made by this section shall apply to 
periods after December 31, 2009. 
(2) TAX-EXEMPT
DC
EMPOWERMENT
ZONE
BONDS.—The 
amendment made by subsection (b) shall apply to bonds issued 
after December 31, 2009. 
(3) ACQUISITION DATES FOR ZERO-PERCENT CAPITAL GAINS 
RATE.—The amendments made by subsection (c) shall apply 
to property acquired or substantially improved after December 
31, 2009. 
(4) HOMEBUYER CREDIT.—The amendment made by sub-
section (d) shall apply to homes purchased after December 
31, 2009. 
SEC. 755. TEMPORARY INCREASE IN LIMIT ON COVER OVER OF RUM 
EXCISE TAXES TO PUERTO RICO AND THE VIRGIN ISLANDS. 
(a) IN GENERAL.—Paragraph (1) of section 7652(f) is amended 
by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2012’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to distilled spirits brought into the United States after 
December 31, 2009. 
SEC. 756. AMERICAN SAMOA ECONOMIC DEVELOPMENT CREDIT. 
(a) IN GENERAL.—Subsection (d) of section 119 of division A 
of the Tax Relief and Health Care Act of 2006 is amended— 
(1) by striking ‘‘first 4 taxable years’’ and inserting ‘‘first 
6 taxable years’’, and 
(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. 757. WORK OPPORTUNITY CREDIT. 
(a) IN
GENERAL.—Subparagraph (B) of section 51(c)(4) is 
amended by striking ‘‘August 31, 2011’’ and inserting ‘‘December 
31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to individuals who begin work for the employer after 
the date of the enactment of this Act. 
SEC. 758. QUALIFIED ZONE ACADEMY BONDS. 
(a) IN GENERAL.—Section 54E(c)(1) is amended— 
(1) by striking ‘‘2008 and’’ and inserting ‘‘2008,’’, and 
(2) by inserting ‘‘and $400,000,000 for 2011’’ after ‘‘2010,’’.
H. R. 4853—28 
(b) REPEAL OF REFUNDABLE CREDIT FOR QZABS.—Paragraph 
(3) of section 6431(f) is amended by inserting ‘‘determined without 
regard to any allocation relating to the national zone academy 
bond limitation for 2011 or any carryforward of such allocation’’ 
after ‘‘54E)’’ in subparagraph (A)(iii). 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to obligations issued after December 31, 2010. 
SEC. 759. MORTGAGE INSURANCE PREMIUMS. 
(a) IN GENERAL.—Clause (iv) of section 163(h)(3)(E) is amended 
by striking ‘‘December 31, 2010’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to amounts paid or accrued after December 31, 2010. 
SEC. 760. TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CER-
TAIN SMALL BUSINESS STOCK. 
(a) IN GENERAL.—Paragraph (4) of section 1202(a) is amended— 
(1) by striking ‘‘January 1, 2011’’ and inserting ‘‘January 
1, 2012’’, and 
(2) by inserting ‘‘AND
2011’’ after ‘‘2010’’ in the heading 
thereof. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply to stock acquired after December 31, 2010. 
Subtitle D—Temporary Disaster Relief 
Provisions 
PART 
Subpart A—New York Liberty Zone 
SEC. 761. TAX-EXEMPT BOND FINANCING. 
(a) IN GENERAL.—Subparagraph (D) of section 1400L(d)(2) is 
amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 
1, 2012’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to bonds issued after December 31, 2009. 
Subpart B—GO Zone 
SEC. 762. INCREASE IN REHABILITATION CREDIT. 
(a) IN GENERAL.—Subsection (h) of section 1400N is amended 
by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to amounts paid or incurred after December 31, 2009. 
SEC. 763. LOW-INCOME HOUSING CREDIT RULES FOR BUILDINGS IN 
GO ZONES. 
Section 1400N(c)(5) is amended by striking ‘‘January 1, 2011’’ 
and inserting ‘‘January 1, 2012’’.
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SEC. 764. TAX-EXEMPT BOND FINANCING. 
(a) IN GENERAL.—Paragraphs (2)(D) and (7)(C) of section 
1400N(a) are each amended by striking ‘‘January 1, 2011’’ and 
inserting ‘‘January 1, 2012’’. 
(b) CONFORMING AMENDMENTS.—Sections 702(d)(1) and 704(a) 
of the Heartland Disaster Tax Relief Act of 2008 are each amended 
by striking ‘‘January 1, 2011’’ each place it appears and inserting 
‘‘January 1, 2012’’. 
SEC. 765. BONUS DEPRECIATION DEDUCTION APPLICABLE TO THE 
GO ZONE. 
(a) IN
GENERAL.—Paragraph (6) of section 1400N(d) is 
amended— 
(1) by striking ‘‘December 31, 2010’’ both places it appears 
in subparagraph (B) and inserting ‘‘December 31, 2011’’, and 
(2) by striking ‘‘January 1, 2010’’ in the heading and the 
text of subparagraph (D) and inserting ‘‘January 1, 2012’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to property placed in service after December 31, 2009. 
TITLE VIII—BUDGETARY PROVISIONS 
SEC. 801. DETERMINATION OF BUDGETARY EFFECTS. 
The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined 
by reference to the latest statement titled ‘‘Budgetary Effects of 
PAYGO Legislation’’ for this Act, jointly submitted for printing 
in the Congressional Record by the Chairmen of the House and 
Senate Budget Committees, provided that such statement has been 
submitted prior to the vote on passage in the House acting first 
on this conference report or amendment between the Houses. 
SEC. 802. EMERGENCY DESIGNATIONS. 
(a) STATUTORY PAYGO.—This Act is designated as an emergency 
requirement pursuant to section 4(g) of the Statutory Pay-As-You- 
Go Act of 2010 (Public Law 111–139; 2 U.S.C. 933(g)) except to 
the extent that the budgetary effects of this Act are determined 
to be subject to the current policy adjustments under sections 
4(c) and 7 of the Statutory Pay-As-You-Go Act. 
(b) SENATE.—In the Senate, this Act is designated as an emer-
gency requirement pursuant to section 403(a) of S. Con. Res. 13 
(111th Congress), the concurrent resolution on the budget for fiscal 
year 2010.
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(c) HOUSE OF REPRESENTATIVES.—In the House of Representa-
tives, every provision of this Act is expressly designated as an 
emergency for purposes of pay-as-you-go principles except to the 
extent that any such provision is subject to the current policy 
adjustments under section 4(c) of the Statutory Pay-As-You-Go 
Act of 2010. 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.