HR 2014 RDS
Sec. 984. Temporary provisions to provide NAFTA parity to partnership coun-
tries.
Sec. 985. Effect of NAFTA on sugar imports from beneficiary countries.
Sec. 986. Duty-free treatment for certain beverages made with Caribbean rum.
Sec. 987. Meetings of trade ministers and USTR.
Sec. 988. Report on economic development and market oriented reforms in the
Caribbean.
TITLE X—REVENUES
Subtitle A—Financial Products
Sec. 1001. Constructive sales treatment for appreciated financial positions.
Sec. 1002. Limitation on exception for investment companies under section
351.
Sec. 1003. Modification of rules for allocating interest expense to tax-exempt
interest.
Sec. 1004. Gains and losses from certain terminations with respect to property.
Sec. 1005. Determination of original issue discount where pooled debt obliga-
tions subject to acceleration.
Sec. 1006. Denial of interest deductions on certain debt instruments.
Subtitle B—Corporate Organizations and Reorganizations
Sec. 1011. Tax treatment of certain extraordinary dividends.
Sec. 1012. Application of section 355 to distributions followed by acquisitions
and to intragroup transactions.
Sec. 1013. Tax treatment of redemptions involving related corporations.
Sec. 1014. Modification of holding period applicable to dividends received de-
duction.
Subtitle C—Other Corporate Provisions
Sec. 1021. Registration and other provisions relating to confidential corporate
tax shelters.
Sec. 1022. Certain preferred stock treated as boot.
Subtitle D—Administrative Provisions
Sec. 1031. Reporting of certain payments made to attorneys.
Sec. 1032. Decrease of threshold for reporting payments to corporations per-
forming services for Federal agencies.
Sec. 1033. Disclosure of return information for administration of certain veter-
ans programs.
Sec. 1034. Continuous levy on certain payments.
Sec. 1035. Modification of levy exemption.
Sec. 1036. Confidentiality and disclosure of returns and return information.
Sec. 1037. Returns of beneficiaries of estates and trusts required to file returns
consistent with estate or trust return or to notify secretary of
inconsistency.
Subtitle E—Excise Tax Provisions
Sec. 1041. Extension and modification of Airport and Airway Trust Fund
taxes.
Sec. 1042. Kerosene taxed as diesel fuel.
Sec. 1043. Restoration of Leaking Underground Storage Tank Trust Fund
taxes.
HR 2014 RDS
Sec. 1044. Application of communications tax to long-distance prepaid tele-
phone cards.
Subtitle F—Provisions Relating to Tax-Exempt Entities
Sec. 1051. Expansion of look-thru rule for interest, annuities, royalties, and
rents derived by subsidiaries of tax-exempt organizations.
Sec. 1052. Limitation on increase in basis of property resulting from sale by
tax-exempt entity to a related person.
Sec. 1053. Modifications to exception from reporting, etc. of lobbying activities.
Sec. 1054. Termination of certain exceptions from rules relating to exempt or-
ganizations which provide commercial-type insurance.
Subtitle G—Other Revenue Provisions
Sec. 1061. Termination of suspense accounts for family corporations required
to use accrual method of accounting.
Sec. 1062. Modification of taxable years to which net operating losses may be
carried.
Sec. 1063. Expansion of denial of deduction for certain amounts paid in con-
nection with insurance.
Sec. 1064. Allocation of basis among properties distributed by partnership.
Sec. 1065. Repeal of requirement that inventory be substantially appreciated.
Sec. 1066. Extension of time for taxing precontribution gain.
Sec. 1067. Restrictions on availability of earned income credit for taxpayers
who improperly claimed credit in prior year.
Sec. 1068. Limitation on property for which income forecast method may be
used.
Sec. 1069. Repeal of special rule for rental use of vacation homes, etc., for less
than 15 days.
Sec. 1070. Expansion of requirement that involuntarily converted property be
replaced with property acquired from an unrelated person.
Sec. 1071. Treatment of exception from installment sales rules for sales of
property by a manufacturer to a dealer.
TITLE XI—SIMPLIFICATION AND OTHER FOREIGN-RELATED
PROVISIONS
Subtitle A—General Provisions
Sec. 1101. Treatment of computer software as FSC export property.
Sec. 1102. Adjustment of dollar limitation on section 911 exclusion.
Sec. 1103. Certain individuals exempt from foreign tax credit limitation.
Sec. 1104. Exchange rate used in translating foreign taxes.
Sec. 1105. Election to use simplified section 904 limitation for alternative mini-
mum tax.
Sec. 1106. Treatment of personal transactions by individuals under foreign cur-
rency rules.
Sec. 1107. All noncontrolled section 902 corporations which are not passive for-
eign investment companies in one foreign tax limitation basket.
Subtitle B—Treatment of Controlled Foreign Corporations
Sec. 1111. Gain on certain stock sales by controlled foreign corporations treat-
ed as dividends.
Sec. 1112. Miscellaneous modifications to subpart F.
Sec. 1113. Indirect foreign tax credit allowed for certain lower tier companies.
HR 2014 RDS
Subtitle C—Treatment of Passive Foreign Investment Companies
Sec. 1121. United States shareholders of controlled foreign corporations not
subject to PFIC inclusion.
Sec. 1122. Election of mark to market for marketable stock in passive foreign
investment company.
Sec. 1123. Effective date.
Subtitle D—Repeal of Excise Tax on Transfers to Foreign Entities
Sec. 1131. Repeal of excise tax on transfers to foreign entities; recognition of
gain on certain transfers to foreign trusts and estates.
Subtitle E—Information Reporting
Sec. 1141. Clarification of application of return requirement to foreign partner-
ships.
Sec. 1142. Controlled foreign partnerships subject to information reporting
comparable to information reporting for controlled foreign cor-
porations.
Sec. 1143. Modifications relating to returns required to be filed by reason of
changes in ownership interests in foreign partnership.
Sec. 1144. Transfers of property to foreign partnerships subject to information
reporting comparable to information reporting for such trans-
fers to foreign corporations.
Sec. 1145. Extension of statute of limitation for foreign transfers.
Sec. 1146. Increase in filing thresholds for returns as to organization of foreign
corporations and acquisitions of stock in such corporations.
Subtitle F—Determination of Foreign or Domestic Status of Partnerships
Sec. 1151. Determination of foreign or domestic status of partnerships.
Subtitle G—Other Simplification Provisions
Sec. 1161. Transition rule for certain trusts.
Sec. 1162. Repeal of stock and securities safe harbor requirement that principal
office be outside the United States.
Subtitle H—Other Provisions
Sec. 1171. Definition of foreign personal holding company income.
Sec. 1172. Personal property used predominantly in the United States treated
as not property of a like kind with respect to property used
predominantly outside the United States.
Sec. 1173. Holding period requirement for certain foreign taxes.
Sec. 1174. Penalties for failure to disclose position that certain international
transportation income is not includible in gross income.
Sec. 1175. Denial of treaty benefits for certain payments through hybrid enti-
ties.
Sec. 1176. Interest on underpayments not reduced by foreign tax credit
carrybacks.
Sec. 1177. Clarification of period of limitations on claim for credit or refund
attributable to foreign tax credit carryforward.
Sec. 1178. Miscellaneous clarifications.
TITLE XII—SIMPLIFICATION PROVISIONS RELATING TO
INDIVIDUALS AND BUSINESSES
HR 2014 RDS
Subtitle A—Provisions Relating to Individuals
Sec. 1201. Basic standard deduction and minimum tax exemption amount for
certain dependents.
Sec. 1202. Increase in amount of tax exempt from estimated tax requirements.
Sec. 1203. Optional methods for computing SECA tax combined.
Sec. 1204. Treatment of certain reimbursed expenses of rural mail carriers.
Sec. 1205. Treatment of traveling expenses of certain Federal employees en-
gaged in criminal investigations.
Sec. 1206. Payment of tax by commercially acceptable means.
Subtitle B—Provisions Relating to Businesses Generally
Sec. 1211. Modifications to look-back method for long-term contracts.
Sec. 1212. Minimum tax treatment of certain property and casualty insurance
companies.
Subtitle C—Simplification Relating to Electing Large Partnerships
PART I—GENERAL PROVISIONS
Sec. 1221. Simplified flow-through for electing large partnerships.
Sec. 1222. Simplified audit procedures for electing large partnerships.
Sec. 1223. Due date for furnishing information to partners of electing large
partnerships.
Sec. 1224. Returns may be required on magnetic media.
Sec. 1225. Treatment of partnership items of individual retirement accounts.
Sec. 1226. Effective date.
PART II—PROVISIONS RELATED TO TEFRA PARTNERSHIP PROCEEDINGS
Sec. 1231. Treatment of partnership items in deficiency proceedings.
Sec. 1232. Partnership return to be determinative of audit procedures to be fol-
lowed.
Sec. 1233. Provisions relating to statute of limitations.
Sec. 1234. Expansion of small partnership exception.
Sec. 1235. Exclusion of partial settlements from 1-year limitation on assess-
ment.
Sec. 1236. Extension of time for filing a request for administrative adjustment.
Sec. 1237. Availability of innocent spouse relief in context of partnership pro-
ceedings.
Sec. 1238. Determination of penalties at partnership level.
Sec. 1239. Provisions relating to court jurisdiction, etc.
Sec. 1240. Treatment of premature petitions filed by notice partners or 5-per-
cent groups.
Sec. 1241. Bonds in case of appeals from certain proceeding.
Sec. 1242. Suspension of interest where delay in computational adjustment re-
sulting from certain settlements.
Sec. 1243. Special rules for administrative adjustment requests with respect to
bad debts or worthless securities.
PART III—PROVISION RELATING TO CLOSING OF PARTNERSHIP TAXABLE
YEAR WITH RESPECT TO DECEASED PARTNER, ETC.
Sec. 1246. Closing of partnership taxable year with respect to deceased partner,
etc.
Subtitle D—Provisions Relating to Real Estate Investment Trusts
HR 2014 RDS
Sec. 1251. Clarification of limitation on maximum number of shareholders.
Sec. 1252. De minimis rule for tenant services income.
Sec. 1253. Attribution rules applicable to tenant ownership.
Sec. 1254. Credit for tax paid by REIT on retained capital gains.
Sec. 1255. Repeal of 30-percent gross income requirement.
Sec. 1256. Modification of earnings and profits rules for determining whether
REIT has earnings and profits from non-REIT year.
Sec. 1257. Treatment of foreclosure property.
Sec. 1258. Payments under hedging instruments.
Sec. 1259. Excess noncash income.
Sec. 1260. Prohibited transaction safe harbor.
Sec. 1261. Shared appreciation mortgages.
Sec. 1262. Wholly owned subsidiaries.
Sec. 1263. Effective date.
Subtitle E—Provisions Relating to Regulated Investment Companies
Sec. 1271. Repeal of 30-percent gross income limitation.
Subtitle F—Taxpayer Protections
Sec. 1281. Reasonable cause exception for certain penalties.
Sec. 1282. Clarification of period for filing claims for refunds.
Sec. 1283. Repeal of authority to disclose whether prospective juror has been
audited.
Sec. 1284. Clarification of statute of limitations.
Sec. 1285. Awarding of administrative costs.
Sec. 1286. Penalty for unauthorized inspection of tax returns or tax return in-
formation.
Sec. 1287. Civil damages for unauthorized inspection of returns and return in-
formation; notification of unlawful inspection or disclosure.
TITLE XIII—SIMPLIFICATION PROVISIONS RELATING TO ESTATE
AND GIFT TAXES
Sec. 1301. Gifts to charities exempt from gift tax filing requirements.
Sec. 1302. Clarification of waiver of certain rights of recovery.
Sec. 1303. Transitional rule under section 2056A.
Sec. 1304. Clarifications relating to disclaimers.
Sec. 1305. Increase of amount of lapse of general power of appointment not
treated as release for purposes of estate and gift tax (5 or 5
power).
Sec. 1306. Treatment for estate tax purposes of short-term obligations held by
nonresident aliens.
Sec. 1307. Certain revocable trusts treated as part of estate.
Sec. 1308. Distributions during first 65 days of taxable year of estate.
Sec. 1309. Separate share rules available to estates.
Sec. 1310. Executor of estate and beneficiaries treated as related persons for
disallowance of losses, etc.
Sec. 1311. Limitation on taxable year of estates.
Sec. 1312. Treatment of funeral trusts.
Sec. 1313. Adjustments for gifts within 3 years of decedent’s death.
Sec. 1314. Clarification of treatment of survivor annuities under qualified ter-
minable interest rules.
Sec. 1315. Treatment under qualified domestic trust rules of forms of owner-
ship which are not trusts.
HR 2014 RDS
Sec. 1316. Opportunity to correct certain failures under section 2032A.
Sec. 1317. Authority to waive requirement of United States trustee for quali-
fied domestic trusts.
TITLE XIV—SIMPLIFICATION PROVISIONS RELATING TO EXCISE
TAXES, TAX-EXEMPT BONDS, AND OTHER MATTERS
Subtitle A—Excise Tax Simplification
PART I—EXCISE TAXES ON HEAVY TRUCKS AND LUXURY CARS
Sec. 1401. Increase in de minimis limit for after-market alterations for heavy
trucks and luxury cars.
Sec. 1402. Credit for tire tax in lieu of exclusion of value of tires in computing
price.
PART II—PROVISIONS RELATED TO DISTILLED SPIRITS, WINES, AND BEER
Sec. 1411. Credit or refund for imported bottled distilled spirits returned to
distilled spirits plant.
Sec. 1412. Authority to cancel or credit export bonds without submission of
records.
Sec. 1413. Repeal of required maintenance of records on premises of distilled
spirits plant.
Sec. 1414. Fermented material from any brewery may be received at a distilled
spirits plant.
Sec. 1415. Repeal of requirement for wholesale dealers in liquors to post sign.
Sec. 1416. Refund of tax to wine returned to bond not limited to
unmerchantable wine.
Sec. 1417. Use of additional ameliorating material in certain wines.
Sec. 1418. Domestically produced beer may be withdrawn free of tax for use
of foreign embassies, legations, etc.
Sec. 1419. Beer may be withdrawn free of tax for destruction.
Sec. 1420. Authority to allow drawback on exported beer without submission of
records.
Sec. 1421. Transfer to brewery of beer imported in bulk without payment of
tax.
Sec. 1422. Transfer to bonded wine cellars of wine imported in bulk without
payment of tax.
PART III—OTHER EXCISE TAX PROVISIONS
Sec. 1431. Authority to grant exemptions from registration requirements.
Sec. 1432. Repeal of expired provisions.
Subtitle B—Tax-Exempt Bond Provisions
Sec. 1441. Repeal of $100,000 limitation on unspent proceeds under 1-year ex-
ception from rebate.
Sec. 1442. Exception from rebate for earnings on bona fide debt service fund
under construction bond rules.
Sec. 1443. Repeal of debt service-based limitation on investment in certain non-
purpose investments.
Sec. 1444. Repeal of expired provisions.
Sec. 1445. Effective date.
Subtitle C—Tax Court Procedures
HR 2014 RDS
Sec. 1451. Overpayment determinations of Tax Court.
Sec. 1452. Redetermination of interest pursuant to motion.
Sec. 1453. Application of net worth requirement for awards of litigation costs.
Sec. 1454. Proceedings for determination of employment status.
Subtitle D—Other Provisions
Sec. 1461. Extension of due date of first quarter estimated tax payment by pri-
vate foundations.
Sec. 1462. Clarification of authority to withhold Puerto Rico income taxes from
salaries of Federal employees.
Sec. 1463. Certain notices disregarded under provision increasing interest rate
on large corporate underpayments.
TITLE XV—TECHNICAL AMENDMENTS RELATED TO SMALL BUSI-
NESS JOB PROTECTION ACT OF 1996 AND OTHER LEGISLATION
Sec. 1501. Amendments related to Small Business Job Protection Act of 1996.
Sec. 1502. Amendments related to Health Insurance Portability and Account-
ability Act of 1996.
Sec. 1503. Amendments related to Taxpayer Bill of Rights 2.
Sec. 1504. Miscellaneous provisions.
TITLE 
I—CHILD 
TAX 
CREDIT;
MODIFICATION OF DEPEND-
ENT CARE CREDIT
SEC. 101. CHILD TAX CREDIT.
(a) IN GENERAL.—Subpart A of part IV of sub-
chapter A of chapter 1 (relating to nonrefundable personal
credits) is amended by inserting after section 23 the fol-
lowing new section:
‘‘SEC. 24. CHILD TAX CREDIT.
‘‘(a) ALLOWANCE OF CREDIT.—There shall be al-
lowed as a credit against the tax imposed by this chapter
for the taxable year an amount equal to $500 multiplied
by the number of qualifying children of the taxpayer.
‘‘(b) LIMITATIONS.—
HR 2014 RDS
‘‘(1) LIMITATION BASED ON ADJUSTED GROSS
INCOME.—For limitation based on adjusted gross in-
come, see section 26(c).
‘‘(2) REDUCTION FOR DEPENDENT CARE CRED-
IT.—In the case of taxable years beginning after De-
cember 31, 1999—
‘‘(A) IN GENERAL.—The credit allowed by
subsection (a) for the taxable year (determined
after paragraph (1) but before paragraph (3))
shall be reduced by the amount equal to 50 per-
cent of the credit allowed under section 21 for
such taxable year (determined after section
26(c)).
‘‘(B) EXCEPTION
BASED
ON
ADJUSTED
GROSS INCOME.—
‘‘(i) IN GENERAL.—Subparagraph (A)
shall not apply to a taxpayer whose modi-
fied adjusted gross income for the taxable
year does not exceed the threshold amount.
‘‘(ii) PHASEIN OF REDUCTION.—If the
modified adjusted gross income of the tax-
payer for the taxable year exceeds the
threshold amount by less than $5,000, the
amount of the reduction under subpara-
graph (A) shall be an amount which bears
HR 2014 RDS
the same ratio to the amount of such re-
duction (determined without regard to this
clause) as the excess of the taxpayer’s
modified adjusted gross income over the
threshold amount bears to $5,000. In the
case of a joint return, the preceding sen-
tence shall be applied by substituting
‘$10,000’ for ‘$5,000’ each place it ap-
pears.
‘‘(iii) 
THRESHOLD
AMOUNT.—For
purposes of this subparagraph, the term
‘threshold amount’ means—
‘‘(I) $60,000 in the case of a
joint return,
‘‘(II) $33,000 in the case of an
individual who is not married, and
‘‘(III) $25,000 in the case of a
married individual filing a separate
return.
For purposes of this clause, marital status
shall be determined under section 7703.
‘‘(iv) MODIFIED ADJUSTED GROSS IN-
COME.—For purposes of this subpara-
graph, the term ‘modified adjusted gross
HR 2014 RDS
income’ has the meaning given such term
by section 26(c).’’.
‘‘(C) NO
REDUCTION
FOR
DEPENDENT
CARE
OF
INDIVIDUALS
INCAPABLE
OF
SELF-
CARE.—Subparagraph (A) shall not apply to so
much of the credit which would have been al-
lowed under section 21 (determined without re-
gard to section 26(c)) if only qualifying individ-
uals described in subparagraph (B) or (C) of
section 21(b)(1) were taken into account.
‘‘(3) LIMITATION
BASED
ON
AMOUNT
OF
TAX.—The credit allowed by subsection (a) (deter-
mined after paragraphs (1) and (2)) shall not exceed
the excess (if any) of—
‘‘(A) the taxpayer’s regular tax liability for
the taxable year reduced by the credits allow-
able against such tax under this subpart (other
than this section), over
‘‘(B) the sum of—
‘‘(i) the taxpayer’s tentative minimum
tax for such taxable year (determined with-
out regard to the alternative minimum tax
foreign tax credit), plus
‘‘(ii) the credit allowed for the taxable
year under section 32.
HR 2014 RDS
‘‘(c) QUALIFYING CHILD.—For purposes of this sec-
tion—
‘‘(1) IN GENERAL.—The term ‘qualifying child’
means any individual if—
‘‘(A) the taxpayer is allowed a deduction
under section 151 with respect to such individ-
ual for the taxable year,
‘‘(B) such individual has not attained the
age of 17 as of the close of the calendar year
in which the taxable year of the taxpayer be-
gins, and
‘‘(C) such individual bears a relationship to
the taxpayer described in section 32(c)(3)(B).
‘‘(2) EXCEPTION FOR CERTAIN NONCITIZENS.—
The term ‘qualifying child’ shall not include any in-
dividual who would not be a dependent if the first
sentence of section 152(b)(3) were applied without
regard to all that follows ‘resident of the United
States’.
‘‘(d) TAXABLE YEAR MUST BE FULL TAXABLE
YEAR.—Except in the case of a taxable year closed by rea-
son of the death of the taxpayer, no credit shall be allow-
able under this section in the case of a taxable year cover-
ing a period of less than 12 months.
HR 2014 RDS
‘‘(e) PHASEIN OF CREDIT.—In the case of taxable
years beginning in 1998, subsection (a) shall be applied
by substituting ‘$400’ for ‘$500’.’’.
(b) HIGH RISK POOLS PERMITTED TO COVER DE-
PENDENTS
OF HIGH RISK INDIVIDUALS.—Paragraph
(26) of section 501(c) is amended by adding at the end
the following flush sentence:
‘‘A qualifying child (as defined in section 24(c)) of
an individual described in subparagraph (B) (with-
out regard to this sentence) shall be treated as de-
scribed in subparagraph (B).’’.
(c) CONFORMING AMENDMENTS.—
(1) Subsection (a) of section 26 is amended by
inserting ‘‘(other than the credit allowed by section
24)’’ after ‘‘credits allowed by this subpart’’.
(2) The table of sections for subpart A of part
IV of subchapter A of chapter 1 is amended by in-
serting after the item relating to section 23 the fol-
lowing new item:
‘‘Sec. 24. Child tax credit.’’.
(d) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 1997.
(e) NOTICE
OF CREDIT.—The Secretary of the
Treasury or his delegate shall include in any booklet of
instructions for Form 1040, 1040A, or 1040EZ prepared
HR 2014 RDS
by such Secretary for filing individual income tax returns
for taxable years beginning in 1998 a notice which states
only the following: ‘‘The Taxpayer Relief Act of 1997
which was recently passed by the Congress has fulfilled
its promise to provide tax relief to American families. The
Act’s child tax credit allows American families to reduce
their taxes by $400 per child for 1998 and $500 per child
after 1998. You may wish to check with your employer
about changing your tax withholding.’’.
(f) ADJUSTMENTS TO WITHHOLDING.—
(1) IN GENERAL.—The Secretary of the Treas-
ury or his delegate shall modify the tables and pro-
cedures under section 3402 of the Internal Revenue
Code of 1986 such that every employer making pay-
ment of wages during calendar year 1998 to any
specified employee—
(A) shall reduce the amount deducted and
withheld as tax under chapter 24 of such Code
for any payroll or other period during such year
to reflect such period’s proportionate share of
the child care credit amount, and
(B) shall, before implementing such reduc-
tion, provide reasonable notice to such employ-
ees that such a reduction will apply to each
specified employee who does not provide the
HR 2014 RDS
employer with the notice referred to in para-
graph (5).
(2) SPECIFIED
EMPLOYEE.—For purposes of
this subsection, the term ‘‘specified employee’’
means any employee—
(A) whose wages from the employer on an
annualized basis are reasonably expected to be
at least $30,000 but not more than $100,000,
and
(B) who claims more than the base num-
ber of withholding exemptions on the withhold-
ing exemption certificate furnished to the em-
ployer.
For purposes of the preceding sentence, the term
‘‘base number’’ means 1 withholding exemption if
the certificate reflects withholding for an unmarried
individual and 2 withholding exemptions if the cer-
tificate reflects withholding for a married individual.
(3) CHILD CARE CREDIT AMOUNT.—For pur-
poses of this subsection, the term ‘‘child care credit
amount’’ means the lesser of $800 or the amount
equal to the product of—
(A) $400, and
(B) the number of withholding exemptions
claimed by the employee on the withholding ex-
HR 2014 RDS
emption certificate furnished to the employer to
the extent such number exceeds the base num-
ber (as defined in paragraph (2)) of such ex-
emptions.
(4) PROPORTIONATE SHARE.—For purposes of
this subsection, except as provided by the Secretary
of the Treasury or his delegate, a period’s propor-
tionate share of the child care credit amount is the
amount which bears the same ratio to the child care
credit amount as the number of days in such period
bears to 365.
(5) NOTICE TO HAVE SUBSECTION NOT APPLY
TO EMPLOYEE.—This subsection shall not apply to
any employee who provides written notice (in such
form as the Secretary shall prescribe) to the em-
ployer of such employee’s decision not to have this
subsection apply to such employee.
(6) DEFINITIONS.—Terms used in this sub-
section which are also used in chapter 24 of the In-
ternal Revenue Code of 1986 shall have the respec-
tive meanings given such terms by such chapter.
SEC. 102. INFLATION ADJUSTMENT OF LIMITS AND OTHER
MODIFICATIONS OF DEPENDENT CARE CRED-
IT.
(a) INFLATION ADJUSTMENT.—