H. R. 5771—15 
of the Employee Retirement Income Security Act of 1974 after 
December 31, 2014. 
SEC. 172. EXTENSION OF SHORTFALL FUNDING METHOD AND ENDAN-
GERED AND CRITICAL RULES. 
(a) IN GENERAL.—Paragraphs (1) and (2) of section 221(c) of 
the Pension Protection Act of 2006 are each amended by striking 
‘‘December 31, 2014’’ and inserting ‘‘December 31, 2015’’. 
(b) CONFORMING AMENDMENT.—Paragraph (2) of section 221(c) 
of the Pension Protection Act of 2006 is amended by striking 
‘‘January 1, 2015’’ and inserting ‘‘January 1, 2016’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to plan years beginning after December 31, 2014. 
TITLE II—TECHNICAL CORRECTIONS 
SEC. 201. SHORT TITLE. 
This title may be cited as the ‘‘Tax Technical Corrections Act 
of 2014’’. 
SEC. 202. AMENDMENTS RELATING TO AMERICAN TAXPAYER RELIEF 
ACT OF 2012. 
(a) AMENDMENT RELATING TO SECTION 101(b).—Subclause (I) 
of 
section 
642(b)(2)(C)(i) 
is 
amended 
by 
striking 
‘‘section 
151(d)(3)(C)(iii)’’ and inserting ‘‘section 68(b)(1)(C)’’. 
(b) AMENDMENT RELATING TO SECTION 102.—Clause (ii) of sec-
tion 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 deter-
mined’’ and inserting ‘‘described in section 1(h)(1)(B), and the ref-
erence 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’’. 
(c) 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’’. 
(d) AMENDMENTS RELATING TO SECTION 310.—Clause (iii) of 
section 6431(f)(3)(A) is amended— 
(1) by striking ‘‘2011’’ and inserting ‘‘years after 2010’’, 
and 
(2) by striking ‘‘of such allocation’’ and inserting ‘‘of any 
such allocation’’. 
(e) AMENDMENT RELATING
TO SECTION 331.—Clause (iii) of 
section 168(k)(4)(J) is amended by striking ‘‘any taxable year’’ and 
inserting ‘‘its first taxable year’’. 
(f) 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. 203. 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)’’.
H. R. 5771—16 
(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. 204. AMENDMENT RELATING TO FAA MODERNIZATION AND 
REFORM ACT OF 2012. 
(a) AMENDMENT RELATING TO SECTION 1107.—Section 4281 is 
amended to read as follows: 
‘‘SEC. 4281. SMALL AIRCRAFT ON NONESTABLISHED LINES. 
‘‘(a) IN GENERAL.—The taxes imposed by sections 4261 and 
4271 shall not apply to transportation by an aircraft having a 
maximum certificated takeoff weight of 6,000 pounds or less, except 
when such aircraft is operated on an established line or when 
such aircraft is a jet aircraft. 
‘‘(b) MAXIMUM CERTIFICATED TAKEOFF WEIGHT.—For purposes 
of this section, the term ‘maximum certificated takeoff weight’ 
means the maximum such weight contained in the type certificate 
or airworthiness certificate. 
‘‘(c) SIGHTSEEING.—For purposes of this section, an aircraft 
shall not be considered as operated on an established line at any 
time during which such aircraft is being operated on a flight the 
sole purpose of which is sightseeing. 
‘‘(d) JET AIRCRAFT.—For purposes of this section, the term 
‘jet aircraft’ shall not include any aircraft which is a rotorcraft 
or propeller aircraft.’’. 
(b) EFFECTIVE DATE.—The amendment made by subsection (a) 
shall take effect as if included in section 1107 of the FAA Moderniza-
tion and Reform Act of 2012. 
SEC. 205. AMENDMENTS RELATING TO REGULATED INVESTMENT COM-
PANY MODERNIZATION ACT OF 2010. 
(a) AMENDMENTS RELATING TO SECTION 101.— 
(1) Subsection (c) of section 101 of the Regulated Invest-
ment 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 sub-
stituting ‘the 1-year periods taken into account under sub-
section (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
H. R. 5771—17 
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 redesig-
nating 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 attrib-
utable 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 tax-
able year after October 31, over 
‘‘(ii) the specified gains (as defined in section 
4982(e)(5)(B)(i)) attributable to such portion of the tax-
able 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 subpara-
graph (E)(i) and attributable to the portion of the tax-
able year after December 31, over 
‘‘(ii) the ordinary income not described in subpara-
graph (E)(ii) and attributable to such portion of the 
taxable year.’’. 
(2) Subparagraph (G) of section 852(b)(8), as so redesig-
nated, 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
H. R. 5771—18 
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 Mod-
ernization Act of 2010 to which they relate. 
(2) SAVINGS PROVISION.—In the case of an election by a 
regulated investment company under section 852(b)(8) of the 
Internal Revenue Code of 1986 with respect to any taxable 
year beginning before the date of the enactment of this Act, 
such company may treat the amendments made by paragraphs 
(1) and (2) of subsection (c) as not applying with respect to 
any such election. 
SEC. 206. AMENDMENTS RELATING TO TAX RELIEF, UNEMPLOYMENT 
INSURANCE REAUTHORIZATION, AND JOB CREATION ACT 
OF 2010. 
(a) AMENDMENT RELATING TO SECTION 103.—Clause (ii) of sec-
tion 32(b)(3)(B) is amended by striking ‘‘in 2010’’ and inserting 
‘‘after 2009’’. 
(b) CLERICAL AMENDMENTS RELATING TO SECTION 302.— 
(1) Paragraph (1) of section 2801(a) is amended by striking 
‘‘(or, if greater, the highest rate of tax specified in the table 
applicable under section 2502(a) as in effect on the date)’’. 
(2) 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) AMENDMENTS RELATING TO SECTION 753.—Subparagraph 
(A) of section 1397B(b)(1) is amended by striking ‘‘and’’ at the 
end of clause (ii), by striking the period at the end of clause 
(iii) and inserting ‘‘, and’’, and by adding at the end the following 
new clause: 
‘‘(iv) the day after the date set forth in section 
1391(d)(1)(A)(i) were substituted for ‘January 1, 2010’ 
each place it appears.’’. 
(d) 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. 207. 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’’.
H. R. 5771—19 
(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. 208. 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 Incen-
tives to Restore Employment Act to which it relates. 
SEC. 209. 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, para-
graph (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 min-
imum 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 sub-
section (c))’’ before the period at the end of paragraph 
(1), and 
(B) by inserting ‘‘(determined without regard to sub-
section (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), prop-
erty 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—
H. R. 5771—20 
(i) by inserting ‘‘(determined without regard to sub-
section (c))’’ before the period at the end of paragraph 
(1), and 
(ii) by inserting ‘‘(determined without regard to sub-
section (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), prop-
erty 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 invest-
ment’’ 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 sub-
section (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 distribu-
tions 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 propor-
tionate 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, sub-
ject 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 dis-
tribution of money received by a shareholder under subsection 
(b)(2)(A) (and as credits allowed to such shareholder under sub-
section (b)(2)(B)) shall not exceed the amount so reported by the
H. R. 5771—21 
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 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 Sec-
retary 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 govern-
ment 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 sec-
tion 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)’’.
H. R. 5771—22 
(3) AMENDMENT
RELATING
TO
SECTION 3001.—Subpara-
graph (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 para-
graphs (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. 210. 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 subpara-
graph: 
‘‘(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 sec-
tion 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 para-
graph (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’’.
H. R. 5771—23 
(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 sub-
section (c)(2) shall apply for purposes of this subsection. 
‘‘(B) AVERAGE BASIS METHOD.—Notwithstanding para-
graph (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 sub-
section, 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 AMENDMENTS.— 
(1) AMENDMENT RELATING TO SECTION 108.—Paragraph (2) 
of section 45(b) is amended by striking ‘‘$3 amount’’ and 
inserting ‘‘$2 amount’’. 
(2) AMENDMENT RELATING TO SECTION 306.— 
(A) Paragraph (5) of section 168(b) is amended by 
striking ‘‘(2)(C)’’ and inserting ‘‘(2)(D)’’. 
(B) The last sentence of section 168(k)(4)(C)(i) is 
amended by striking ‘‘(b)(2)(C)’’ and inserting ‘‘(b)(2)(D)’’. 
(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. 211. AMENDMENTS RELATING TO TAX EXTENDERS AND ALTER-
NATIVE 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 ENACT-
MENT.—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 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.’’.
H. R. 5771—24 
(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 ‘‘Prop-
erty described in this paragraph’’. 
(c) CLERICAL AMENDMENTS.— 
(1) 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’’. 
(2) AMENDMENT RELATING TO SECTION 709.—Subsection (k) 
of section 143 is amended by redesignating the second para-
graph (12) (relating to special rules for residences destroyed 
in Federally declared disasters) as paragraph (13). 
(3) 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. 212. CLERICAL AMENDMENTS RELATING TO HOUSING ASSIST-
ANCE 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. 213. 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)’’.
H. R. 5771—25 
(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. 214. 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 valid identification 
number 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.—Sub-
clause (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. 215. 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 coopera-
tives) 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. 216. 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.
H. R. 5771—26 
SEC. 217. 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, Account-
able, Flexible, Efficient Transportation Equity Act of 2005: A Legacy 
for Users to which it relates. 
SEC. 218. 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 with-
out 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. 219. 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 ‘‘, DISPOSI-
TIONS, AND SHORT TAXABLE YEARS’’. 
(c) CLERICAL AMENDMENT RELATING TO SECTION 413.—Para-
graph (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. 220. 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).
H. R. 5771—27 
(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 ‘‘in 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 ‘‘statu-
tory nontaxable benefits’’ each place it appears and inserting ‘‘quali-
fied 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) Section 527 is amended— 
(1) by striking ‘‘(2 U.S.C. 432(e))’’ in subsection (h)(2)(A)(i) 
and inserting ‘‘(52 U.S.C. 30102(e))’’, and 
(2) by striking ‘‘(2 U.S.C. 431 et seq.)’’ in subsections (i)(6) 
and (j)(5)(A) and inserting ‘‘(52 U.S.C. 30101 et seq.)’’. 
(m) Subsection (b) of section 858 is amended by striking 
‘‘857(b)(8)’’ and inserting ‘‘857(b)(9)’’. 
(n) Subparagraph (A) of section 1012(c)(2) is amended by 
striking ‘‘section 1012’’ and inserting ‘‘this section’’. 
(o) The heading for section 1394(f) is amended by striking 
‘‘DESIGNATED UNDER SECTION 1391(g)’’. 
(p) 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’’. 
(q) Clause (i) of section 1400N(c)(3)(A) is amended by striking 
‘‘section 42(d)(5)(C)(iii)’’ and inserting ‘‘section 42(d)(5)(B)(iii)’’. 
(r) Subsections (e)(3)(B) and (f)(7)(B) of section 4943 are each 
amended by striking ‘‘January 1, 1970’’ and inserting ‘‘January 
1, 1971’’. 
(s) Paragraph (2) of section 4982(f) is amended by adding a 
comma at the end. 
(t) Paragraph (3) of section 6011(e) is amended by striking 
‘‘shall require than’’ and inserting ‘‘shall require that’’. 
(u) Subsection (b) of section 6072 is amended by striking 
‘‘6011(e)(2)’’ and inserting ‘‘6011(c)(2)’’. 
(v) Subsection (d) of section 6104 is amended by redesignating 
the second paragraph (6) (relating to disclosure of reports by the 
Internal Revenue Service) and third paragraph (6) (relating to 
application to nonexempt charitable trusts and nonexempt private 
foundations) as paragraphs (7) and (8), respectively. 
(w) Subsection (c) of section 6662A is amended by striking 
‘‘section 6664(d)(2)(A)’’ and inserting ‘‘section 6664(d)(3)(A)’’. 
(x) Subparagraph (FF) of section 6724(d)(2) is amended by 
striking ‘‘section 6050W(c)’’ and inserting ‘‘section 6050W(f)’’. 
(y) Section 7122 is amended by redesignating the second sub-
section (f) (relating to frivolous submissions, etc.) as subsection 
(g).
H. R. 5771—28 
(z) Subsection (a) of section 9035 is amended by striking ‘‘section 
320(b)(1)(A)’’ and inserting ‘‘section 315(b)(1)(A)’’. 
(aa) Section 9802 is amended by redesignating the second sub-
section (f) (relating to genetic information of a fetus or embryo) 
as subsection (g). 
(bb) Paragraph (3) of section 13(e) of the Worker, Homeowner-
ship, and Business Assistance Act of 2009 is amended by striking 
‘‘subsection (d)’’ and inserting ‘‘subsection (c)’’. 
SEC. 221. 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 begin-
ning 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 
209(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), as 
amended by section 214(a)(2) of this Act, is amended by striking 
subparagraph (P). 
(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’’.
H. R. 5771—29 
(C) Section 6213(g)(2) is amended by striking subpara-
graph (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 sub-
section (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 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 subpara-
graph (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)’’.
H. R. 5771—30 
(I) Section 4611(e) is amended— 
(i) by striking ‘‘section 59A, this section,’’ in para-
graph (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) in subsections (e)(2)(A)(i) and (e)(2)(B)(i), by 
striking ‘‘taxable income, alternative minimum taxable 
income, and modified alternative minimum taxable 
income’’ and inserting ‘‘taxable income and alternative 
minimum taxable income’’, 
(ii) in subsection (e)(2)(B), by striking clause (iii), 
and 
(iii) 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 (c) 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 
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) by 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,’’.
H. R. 5771—31 
(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 redesig-
nating 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, as 
amended by section 209(c) of this Act, 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) and by redesignating paragraphs (4) and 
(5) as paragraphs (3) and (4), respectively. 
(B) Paragraph (3) of section 165(h), as so redesignated, 
is amended by striking ‘‘paragraphs (2) and (3)’’ and 
inserting ‘‘paragraph (2)’’. 
(C) 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 para-
graph:
H. R. 5771—32 
‘‘(5) FEDERALLY DECLARED DISASTERS.—For purposes of this 
subsection— 
‘‘(A) IN GENERAL.—The term ‘Federally declared dis-
aster’ means any disaster subsequently determined by the 
President of the United States to warrant assistance by 
the Federal Government under the Robert T. Stafford Dis-
aster Relief and Emergency Assistance Act. 
‘‘(B) DISASTER AREA.—The term ‘disaster area’ means 
the area so determined to warrant such assistance.’’. 
(D) 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 matu-
rity (or if it results in a smaller amortizable bond premium 
attributable to the period before the call date, with ref-
erence 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, as amended by section 211(c)(1)(B) 
of this Act, is amended— 
(i) by striking subparagraphs (D), (H), (I), and 
(J) of subsection (b)(1) and by redesignating subpara-
graphs (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 amended by section 211(c)(1)(B) of this Act and 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 sub-
section (b)(1)(E)(ii)(II) 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).
H. R. 5771—33 
(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) Subsection (d) of section 56 is amended by striking 
paragraph (3). 
(D) Paragraph (5) of section 382(l) is amended by 
striking subparagraph (F) and by redesignating subpara-
graphs (G) and (H) as subparagraphs (F) and (G), respec-
tively. 
(31) 
RESEARCH
AND
EXPERIMENTAL
EXPENDITURES.— 
Subparagraph (A) of section 174(a)(2) is amended to read as 
follows: 
‘‘(A) 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 expendi-
tures described in paragraph (1) are paid or incurred.’’. 
(32) AMORTIZATION
OF
CERTAIN
RESEARCH
AND
EXPERI-
MENTAL
EXPENDITURES.—Paragraph (2) of section 174(b) is 
amended by striking ‘‘beginning after December 31, 1953’’. 
(33) SOIL AND WATER CONSERVATION EXPENDITURES.—Para-
graph (1) of section 175(d) is amended to read as follows: 
‘‘(1) WITHOUT CONSENT.—A taxpayer may, without the con-
sent 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 ref-
erence 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 subpara-
graph (H). 
(E) Section 280F(a)(1) is amended by striking subpara-
graph (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.
H. R. 5771—34 
(37) DOMESTIC PRODUCTION ACTIVITIES.— 
(A) Subsection (a) of section 199 is amended— 
(i) by striking paragraph (2), 
(ii) by redesignating subparagraphs (A) and (B) 
of paragraph (1) as paragraphs (1) and (2), respectively, 
and by moving paragraphs (1) and (2) (as so redesig-
nated) 2 ems to the left, and 
(iii) by striking ‘‘ALLOWANCE
OF DEDUCTION.—’’ 
and all that follows through ‘‘There shall be allowed’’ 
and inserting the following: 
‘‘(a) ALLOWANCE OF DEDUCTION.—There shall be allowed’’. 
(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 as follows: 
‘‘(ii) APPLICABLE AMOUNT.—For purposes of clause 
(i), the applicable amount is $1,000.’’. 
(C) Paragraph (5) of section 219(b) is amended by 
striking subparagraph (C) and by redesignating subpara-
graph (D) as subparagraph (C). 
(D) Clause (ii) of section 219(g)(2)(A) is amended by 
striking ‘‘for a taxable year beginning after December 31, 
2006’’. 
(E) 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.’’. 
(F) 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
RETIRE-
MENT 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 sec-
tion 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.