† HR 8 EAS 
(1) IN GENERAL.—Subsection (d) of section 55 is 
amended by adding at the end the following new 
paragraph: 
‘‘(4) INFLATION ADJUSTMENT.— 
‘‘(A) IN GENERAL.—In the case of any tax-
able year beginning in a calendar year after 
2012, the amounts described in subparagraph 
(B) shall each be increased by an amount equal 
to— 
‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year in which the taxable year be-
gins, determined by substituting ‘calendar 
year 2011’ for ‘calendar year 1992’ in sub-
paragraph (B) thereof. 
‘‘(B) AMOUNTS DESCRIBED.—The amounts 
described in this subparagraph are— 
‘‘(i) each of the dollar amounts con-
tained in subsection (b)(1)(A)(i), 
‘‘(ii) each of the dollar amounts con-
tained in paragraph (1), and 
‘‘(iii) each of the dollar amounts in 
subparagraphs (A) and (B) of paragraph 
(3).
† HR 8 EAS 
‘‘(C) ROUNDING.—Any increase determined 
under subparagraph (A) shall be rounded to the 
nearest multiple of $100.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Clause (iii) of section 55(b)(1)(A) is 
amended by striking ‘‘by substituting’’ and all 
that follows through ‘‘appears.’’ and inserting 
‘‘by substituting 50 percent of the dollar amount 
otherwise applicable under subclause (I) and 
subclause (II) thereof.’’. 
(B) Paragraph (3) of section 55(d) is 
amended— 
(i) by striking ‘‘or (2)’’ in subpara-
graph (A), 
(ii) by striking ‘‘and’’ at the end of 
subparagraph (B), and 
(iii) by striking subparagraph (C) and 
inserting the following new subparagraphs: 
‘‘(C) 50 percent of the dollar amount appli-
cable under subparagraph (A) in the case of a 
taxpayer described in subparagraph (C) or (D) 
of paragraph (1), and 
‘‘(D) $150,000 in the case of a taxpayer de-
scribed in paragraph (2).’’.
† HR 8 EAS 
(c) ALTERNATIVE MINIMUM TAX RELIEF FOR NON-
REFUNDABLE CREDITS.— 
(1) IN GENERAL.—Subsection (a) of section 26 is 
amended to read as follows: 
‘‘(a) LIMITATION BASED ON AMOUNT OF TAX.—The 
aggregate amount of credits allowed by this subpart for the 
taxable year shall not exceed the sum of— 
‘‘(1) the taxpayer’s regular tax liability for the 
taxable year reduced by the foreign tax credit allow-
able under section 27(a), and 
‘‘(2) the tax imposed by section 55(a) for the tax-
able year.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) ADOPTION CREDIT.— 
(i) Section 23(b) is amended by strik-
ing paragraph (4). 
(ii) Section 23(c) is amended by strik-
ing paragraphs (1) and (2) and inserting 
the following: 
‘‘(1) IN GENERAL.—If the credit allowable under 
subsection (a) for any taxable year exceeds the limita-
tion imposed by section 26(a) for such taxable year 
reduced by the sum of the credits allowable under this 
subpart (other than this section and sections 25D and 
1400C), such excess shall be carried to the succeeding
† HR 8 EAS 
taxable year and added to the credit allowable under 
subsection (a) for such taxable year.’’. 
(iii) Section 23(c) is amended by re-
designating paragraph (3) as paragraph 
(2). 
(B) CHILD TAX CREDIT.— 
(i) Section 24(b) is amended by strik-
ing paragraph (3). 
(ii) Section 24(d)(1) is amended— 
(I) by striking ‘‘section 26(a)(2) 
or subsection (b)(3), as the case may 
be,’’ each place it appears in subpara-
graphs (A) and (B) and inserting ‘‘sec-
tion 26(a)’’, and 
(II) by striking ‘‘section 26(a)(2) 
or subsection (b)(3), as the case may 
be’’ in the second last sentence and in-
serting ‘‘section 26(a)’’. 
(C) CREDIT
FOR
INTEREST
ON
CERTAIN 
HOME
MORTGAGES.—Section 
25(e)(1)(C) 
is 
amended to read as follows: 
‘‘(C) APPLICABLE
TAX
LIMIT.—For pur-
poses of this paragraph, the term ‘applicable tax 
limit’ means the limitation imposed by section 
26(a) for the taxable year reduced by the sum of
† HR 8 EAS 
the credits allowable under this subpart (other 
than this section and sections 23, 25D, and 
1400C).’’. 
(D) HOPE AND LIFETIME LEARNING CRED-
ITS.—Section 25A(i) is amended— 
(i) by striking paragraph (5) and by 
redesignating paragraphs (6) and (7) as 
paragraphs (5) and (6), respectively, and 
(ii) by striking ‘‘section 26(a)(2) or 
paragraph (5), as the case may be’’ in 
paragraph (5), as redesignated by clause 
(i), and inserting ‘‘section 26(a)’’. 
(E) SAVERS’ 
CREDIT.—Section 25B is 
amended by striking subsection (g). 
(F) RESIDENTIAL ENERGY EFFICIENT PROP-
ERTY.—Section 25D(c) is amended to read as 
follows: 
‘‘(c) CARRYFORWARD
OF UNUSED CREDIT.—If the 
credit allowable under subsection (a) exceeds the limitation 
imposed by section 26(a) for such taxable year reduced by 
the sum of the credits allowable under this subpart (other 
than this section), such excess shall be carried to the suc-
ceeding taxable year and added to the credit allowable 
under subsection (a) for such succeeding taxable year.’’.
† HR 8 EAS 
(G) CERTAIN
PLUG-IN
ELECTRIC
VEHI-
CLES.—Section 30(c)(2) is amended to read as 
follows: 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable under 
subpart A for such taxable year.’’. 
(H) ALTERNATIVE MOTOR VEHICLE CRED-
IT.—Section 30B(g)(2) is amended to read as 
follows: 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable under 
subpart A for such taxable year.’’. 
(I) NEW QUALIFIED PLUG-IN ELECTRIC VE-
HICLE CREDIT.—Section 30D(c)(2) is amended 
to read as follows: 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable under 
subpart A for such taxable year.’’.
† HR 8 EAS 
(J) CROSS REFERENCES.—Section 55(c)(3) 
is amended by striking ‘‘26(a), 30C(d)(2),’’ and 
inserting ‘‘30C(d)(2)’’. 
(K) FOREIGN TAX CREDIT.—Section 904 is 
amended by striking subsection (i) and by redes-
ignating subsections (j) , (k), and (l) as sub-
sections (i), (j), and (k), respectively. 
(L) FIRST-TIME HOME BUYER CREDIT FOR 
THE DISTRICT OF COLUMBIA.—Section 1400C(d) 
is amended to read as follows: 
‘‘(d) CARRYFORWARD
OF UNUSED CREDIT.—If the 
credit allowable under subsection (a) exceeds the limitation 
imposed by section 26(a) for such taxable year reduced by 
the sum of the credits allowable under subpart A of part 
IV of subchapter A (other than this section and section 
25D), such excess shall be carried to the succeeding taxable 
year and added to the credit allowable under subsection (a) 
for such taxable year.’’. 
(d) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011.
† HR 8 EAS 
TITLE II—INDIVIDUAL TAX 
EXTENDERS 
SEC. 201. EXTENSION OF DEDUCTION FOR CERTAIN EX-
PENSES OF ELEMENTARY AND SECONDARY 
SCHOOL TEACHERS. 
(a) IN
GENERAL.—Subparagraph (D) of section 
62(a)(2) is amended by striking ‘‘or 2011’’ and inserting 
‘‘2011, 2012, or 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 202. EXTENSION OF EXCLUSION FROM GROSS INCOME 
OF DISCHARGE OF QUALIFIED PRINCIPAL 
RESIDENCE INDEBTEDNESS. 
(a) IN
GENERAL.—Subparagraph (E) of section 
108(a)(1) is amended by striking ‘‘January 1, 2013’’ and 
inserting ‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to indebtedness discharged after Decem-
ber 31, 2012.
† HR 8 EAS 
SEC. 205. EXTENSION OF DEDUCTION OF STATE AND LOCAL 
GENERAL SALES TAXES. 
(a) IN
GENERAL.—Subparagraph (I) of section 
164(b)(5) is amended by striking ‘‘January 1, 2012’’ and 
inserting ‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 206. EXTENSION OF SPECIAL RULE FOR CONTRIBU-
TIONS OF CAPITAL GAIN REAL PROPERTY 
MADE FOR CONSERVATION PURPOSES. 
(a) IN GENERAL.—Clause (vi) of section 170(b)(1)(E) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) CONTRIBUTIONS BY CERTAIN CORPORATE FARM-
ERS AND RANCHERS.—Clause (iii) of section 170(b)(2)(B) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to contributions made in taxable years 
beginning after December 31, 2011.
† HR 8 EAS 
SEC. 207. EXTENSION OF ABOVE-THE-LINE DEDUCTION FOR 
QUALIFIED 
TUITION 
AND 
RELATED 
EX-
PENSES. 
(a) IN GENERAL.—Subsection (e) of section 222 is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 208. EXTENSION OF TAX-FREE DISTRIBUTIONS FROM 
INDIVIDUAL RETIREMENT PLANS FOR CHARI-
TABLE PURPOSES. 
(a) IN
GENERAL.—Subparagraph (F) of section 
408(d)(8) is amended by striking ‘‘December 31, 2011’’ and 
inserting ‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE; SPECIAL RULE.— 
(1) EFFECTIVE DATE.—The amendment made by 
this section shall apply to distributions made in tax-
able years beginning after December 31, 2011. 
(2) SPECIAL
RULES.—For purposes of sub-
sections (a)(6), (b)(3), and (d)(8) of section 408 of the 
Internal Revenue Code of 1986, at the election of the 
taxpayer (at such time and in such manner as pre-
scribed by the Secretary of the Treasury)— 
(A) any qualified charitable distribution 
made after December 31, 2012, and before Feb-
† HR 8 EAS 
ruary 1, 2013, shall be deemed to have been 
made on December 31, 2012, and 
(B) any portion of a distribution from an 
individual retirement account to the taxpayer 
after November 30, 2012, and before January 1, 
2013, may be treated as a qualified charitable 
distribution to the extent that— 
(i) such portion is transferred in cash 
after the distribution to an organization de-
scribed in section 408(d)(8)(B)(i) before 
February 1, 2013, and 
(ii) such portion is part of a distribu-
tion that would meet the requirements of 
section 408(d)(8) but for the fact that the 
distribution was not transferred directly to 
an 
organization 
described 
in 
section 
408(d)(8)(B)(i). 
SEC. 209. IMPROVE AND MAKE PERMANENT THE PROVISION 
AUTHORIZING 
THE 
INTERNAL 
REVENUE 
SERVICE TO DISCLOSE CERTAIN RETURN 
AND RETURN INFORMATION TO CERTAIN 
PRISON OFFICIALS. 
(a) IN GENERAL.—Paragraph (10) of section 6103(k) 
is amended to read as follows:
† HR 8 EAS 
‘‘(10) DISCLOSURE OF CERTAIN RETURNS AND 
RETURN
INFORMATION
TO
CERTAIN
PRISON
OFFI-
CIALS.— 
‘‘(A) IN GENERAL.—Under such procedures 
as the Secretary may prescribe, the Secretary 
may disclose to officers and employees of the 
Federal Bureau of Prisons and of any State 
agency charged with the responsibility for ad-
ministration of prisons any returns or return in-
formation with respect to individuals incarcer-
ated in Federal or State prison systems whom 
the Secretary has determined may have filed or 
facilitated the filing of a false or fraudulent re-
turn to the extent that the Secretary determines 
that such disclosure is necessary to permit effec-
tive Federal tax administration. 
‘‘(B) DISCLOSURE
TO
CONTRACTOR-RUN 
PRISONS.—Under such procedures as the Sec-
retary may prescribe, the disclosures authorized 
by subparagraph (A) may be made to contractors 
responsible for the operation of a Federal or 
State prison on behalf of such Bureau or agency. 
‘‘(C) RESTRICTIONS ON USE OF DISCLOSED 
INFORMATION.—Any return or return informa-
tion received under this paragraph shall be used
† HR 8 EAS 
only for the purposes of and to the extent nec-
essary in taking administrative action to prevent 
the filing of false and fraudulent returns, includ-
ing administrative actions to address possible 
violations of administrative rules and regula-
tions of the prison facility and in administrative 
and judicial proceedings arising from such ad-
ministrative actions. 
‘‘(D) RESTRICTIONS ON REDISCLOSURE AND 
DISCLOSURE
TO
LEGAL
REPRESENTATIVES.— 
Notwithstanding subsection (h)— 
‘‘(i) 
RESTRICTIONS
ON
REDISCLO-
SURE.—Except as provided in clause (ii), 
any officer, employee, or contractor of the 
Federal Bureau of Prisons or of any State 
agency charged with the responsibility for 
administration of prisons shall not disclose 
any information obtained under this para-
graph to any person other than an officer or 
employee or contractor of such Bureau or 
agency personally and directly engaged in 
the administration of prison facilities on 
behalf of such Bureau or agency. 
‘‘(ii) DISCLOSURE
TO
LEGAL
REP-
RESENTATIVES.—The returns and return
† HR 8 EAS 
information disclosed under this paragraph 
may be disclosed to the duly authorized 
legal representative of the Federal Bureau of 
Prisons, State agency, or contractor charged 
with the responsibility for administration of 
prisons, or of the incarcerated individual 
accused of filing the false or fraudulent re-
turn who is a party to an action or pro-
ceeding described in subparagraph (C), sole-
ly in preparation for, or for use in, such ac-
tion or proceeding.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Paragraph (3) of section 6103(a) is amended 
by inserting ‘‘subsection (k)(10),’’ after ‘‘subsection 
(e)(1)(D)(iii),’’. 
(2) Paragraph (4) of section 6103(p) is amend-
ed— 
(A) by inserting ‘‘subsection (k)(10),’’ before 
‘‘subsection (l)(10),’’ in the matter preceding sub-
paragraph (A), 
(B) in subparagraph (F)(i)— 
(i) by inserting ‘‘(k)(10),’’ before ‘‘or 
(l)(6),’’, and 
(ii) by inserting ‘‘subsection (k)(10) 
or’’ before ‘‘subsection (l)(10),’’, and
† HR 8 EAS 
(C) by inserting ‘‘subsection (k)(10) or’’ be-
fore ‘‘subsection (l)(10),’’ both places it appears 
in the matter following subparagraph (F)(iii). 
(3) Paragraph (2) of section 7213(a) is amended 
by inserting ‘‘(k)(10),’’ before ‘‘(l)(6),’’. 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall take effect on the date of the enactment of this 
Act. 
TITLE III—BUSINESS TAX 
EXTENDERS 
SEC. 301. EXTENSION AND MODIFICATION OF RESEARCH 
CREDIT. 
(a) EXTENSION.— 
(1) IN GENERAL.—Subparagraph (B) of section 
41(h)(1) is amended by striking ‘‘December 31, 2011’’ 
and inserting ‘‘December 31, 2013’’. 
(2) CONFORMING
AMENDMENT.—Subparagraph 
(D) of section 45C(b)(1) is amended by striking ‘‘De-
cember 31, 2011’’ and inserting ‘‘December 31, 2013’’. 
(b) INCLUSION OF QUALIFIED RESEARCH EXPENSES 
AND GROSS RECEIPTS OF AN ACQUIRED PERSON.— 
(1) PARTIAL
INCLUSION
OF
PRE-ACQUISITION 
QUALIFIED
RESEARCH
EXPENSES
AND
GROSS
RE-
CEIPTS.—Subparagraph (A) of section 41(f)(3) is 
amended to read as follows:
† HR 8 EAS 
‘‘(A) ACQUISITIONS.— 
‘‘(i) IN
GENERAL.—If a person ac-
quires the major portion of either a trade or 
business or a separate unit of a trade or 
business (hereinafter in this paragraph re-
ferred to as the ‘acquired business’) of an-
other person (hereinafter in this paragraph 
referred to as the ‘predecessor’), then the 
amount of qualified research expenses paid 
or incurred by the acquiring person during 
the measurement period shall be increased 
by the amount determined under clause (ii), 
and the gross receipts of the acquiring per-
son for such period shall be increased by the 
amount determined under clause (iii). 
‘‘(ii) AMOUNT DETERMINED WITH RE-
SPECT
TO
QUALIFIED
RESEARCH
EX-
PENSES.—The amount determined under 
this clause is— 
‘‘(I) for purposes of applying this 
section for the taxable year in which 
such acquisition is made, the acquisi-
tion year amount, and 
‘‘(II) for purposes of applying this 
section for any taxable year after the
† HR 8 EAS 
taxable year in which such acquisition 
is made, the qualified research expenses 
paid or incurred by the predecessor 
with respect to the acquired business 
during the measurement period. 
‘‘(iii) AMOUNT DETERMINED WITH RE-
SPECT TO GROSS RECEIPTS.—The amount 
determined under this clause is the amount 
which would be determined under clause (ii) 
if ‘the gross receipts of’ were substituted for 
‘the qualified research expenses paid or in-
curred by’ each place it appears in clauses 
(ii) and (iv). 
‘‘(iv) ACQUISITION
YEAR
AMOUNT.— 
For purposes of clause (ii), the acquisition 
year amount is the amount equal to the 
product of— 
‘‘(I) the qualified research ex-
penses paid or incurred by the prede-
cessor with respect to the acquired 
business during the measurement pe-
riod, and 
‘‘(II) the number of days in the 
period beginning on the date of the ac-
quisition and ending on the last day of
† HR 8 EAS 
the taxable year in which the acquisi-
tion is made, 
divided by the number of days in the ac-
quiring person’s taxable year. 
‘‘(v) SPECIAL
RULES
FOR
COORDI-
NATING TAXABLE YEARS.—In the case of an 
acquiring person and a predecessor whose 
taxable years do not begin on the same 
date— 
‘‘(I) each reference to a taxable 
year in clauses (ii) and (iv) shall refer 
to the appropriate taxable year of the 
acquiring person, 
‘‘(II) the qualified research ex-
penses paid or incurred by the prede-
cessor, and the gross receipts of the 
predecessor, during each taxable year 
of the predecessor any portion of which 
is part of the measurement period shall 
be allocated equally among the days of 
such taxable year, 
‘‘(III) the amount of such quali-
fied research expenses taken into ac-
count under clauses (ii) and (iv) with 
respect to a taxable year of the acquir-
† HR 8 EAS 
ing person shall be equal to the total of 
the expenses attributable under sub-
clause (II) to the days occurring dur-
ing such taxable year, and 
‘‘(IV) the amount of such gross re-
ceipts taken into account under clause 
(iii) with respect to a taxable year of 
the acquiring person shall be equal to 
the total of the gross receipts attrib-
utable under subclause (II) to the days 
occurring during such taxable year. 
‘‘(vi) 
MEASUREMENT
PERIOD.—For 
purposes of this subparagraph, the term 
‘measurement period’ means, with respect to 
the taxable year of the acquiring person for 
which the credit is determined, any period 
of the acquiring person preceding such tax-
able year which is taken into account for 
purposes of determining the credit for such 
year.’’. 
(2) EXPENSES AND GROSS RECEIPTS OF A PRED-
ECESSOR.—Subparagraph (B) of section 41(f)(3) is 
amended to read as follows: 
‘‘(B) DISPOSITIONS.—If the predecessor fur-
nished to the acquiring person such information
† HR 8 EAS 
as is necessary for the application of subpara-
graph (A), then, for purposes of applying this 
section for any taxable year ending after such 
disposition, the amount of qualified research ex-
penses paid or incurred by, and the gross re-
ceipts of, the predecessor during the measurement 
period (as defined in subparagraph (A)(vi), de-
termined by substituting ‘predecessor’ for ‘ac-
quiring person’ each place it appears) shall be 
reduced by— 
‘‘(i) in the case of the taxable year in 
which such disposition is made, an amount 
equal to the product of— 
‘‘(I) the qualified research ex-
penses paid or incurred by, or gross re-
ceipts of, the predecessor with respect 
to the acquired business during the 
measurement period (as so defined and 
so determined), and 
‘‘(II) the number of days in the 
period beginning on the date of acqui-
sition (as determined for purposes of 
subparagraph (A)(iv)(II)) and ending 
on the last day of the taxable year of
† HR 8 EAS 
the predecessor in which the disposition 
is made, 
divided by the number of days in the tax-
able year of the predecessor, and 
‘‘(ii) in the case of any taxable year 
ending after the taxable year in which such 
disposition is made, the amount described 
in clause (i)(I).’’. 
(c) AGGREGATION OF EXPENDITURES.—Paragraph (1) 
of section 41(f) is amended— 
(1) by striking ‘‘shall be its proportionate shares 
of the qualified research expenses, basic research pay-
ments, and amounts paid or incurred to energy re-
search consortiums, giving rise to the credit’’ in sub-
paragraph (A)(ii) and inserting ‘‘shall be determined 
on a proportionate basis to its share of the aggregate 
of the qualified research expenses, basic research pay-
ments, and amounts paid or incurred to energy re-
search consortiums, taken into account by such con-
trolled group for purposes of this section’’, and 
(2) by striking ‘‘shall be its proportionate shares 
of the qualified research expenses, basic research pay-
ments, and amounts paid or incurred to energy re-
search consortiums, giving rise to the credit’’ in sub-
paragraph (B)(ii) and inserting ‘‘shall be determined
† HR 8 EAS 
on a proportionate basis to its share of the aggregate 
of the qualified research expenses, basic research pay-
ments, and amounts paid or incurred to energy re-
search consortiums, taken into account by all such 
persons under common control for purposes of this 
section’’. 
(d) EFFECTIVE DATE.— 
(1) EXTENSION.—The amendments made by sub-
section (a) shall apply to amounts paid or incurred 
after December 31, 2011. 
(2) MODIFICATIONS.—The amendments made by 
subsections (b) and (c) shall apply to taxable years 
beginning after December 31, 2011. 
SEC. 302. EXTENSION OF TEMPORARY MINIMUM LOW-IN-
COME TAX CREDIT RATE FOR NON-FEDER-
ALLY SUBSIDIZED NEW BUILDINGS. 
(a) IN
GENERAL.—Subparagraph (A) of section 
42(b)(2) is amended by striking ‘‘and before December 31, 
2013’’ and inserting ‘‘with respect to housing credit dollar 
amount allocations made before January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall take effect on the date of the enactment of this 
Act.
† HR 8 EAS 
SEC. 303. EXTENSION OF HOUSING ALLOWANCE EXCLUSION 
FOR DETERMINING AREA MEDIAN GROSS IN-
COME FOR QUALIFIED RESIDENTIAL RENTAL 
PROJECT EXEMPT FACILITY BONDS. 
(a) IN GENERAL.—Subsection (b) of section 3005 of 
the Housing Assistance Tax Act of 2008 is amended by 
striking ‘‘January 1, 2012’’ each place it appears and in-
serting ‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall take effect as if included in the enactment of 
section 3005 of the Housing Assistance Tax Act of 2008. 
SEC. 304. EXTENSION OF INDIAN EMPLOYMENT TAX CRED-
IT. 
(a) IN GENERAL.—Subsection (f) of section 45A is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 305. EXTENSION OF NEW MARKETS TAX CREDIT. 
(a) IN
GENERAL.—Subparagraph (G) of section 
45D(f)(1) is amended by striking ‘‘2010 and 2011’’ and in-
serting ‘‘2010, 2011, 2012, and 2013’’. 
(b) CARRYOVER OF UNUSED LIMITATION.—Paragraph 
(3) of section 45D(f) is amended by striking ‘‘2016’’ and 
inserting ‘‘2018’’.
† HR 8 EAS 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to calendar years beginning after De-
cember 31, 2011. 
SEC. 306. EXTENSION OF RAILROAD TRACK MAINTENANCE 
CREDIT. 
(a) IN GENERAL.—Subsection (f) of section 45G is 
amended by striking ‘‘January 1, 2012’’ and inserting 
‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to expenditures paid or incurred in tax-
able years beginning after December 31, 2011. 
SEC. 307. EXTENSION OF MINE RESCUE TEAM TRAINING 
CREDIT. 
(a) IN GENERAL.—Subsection (e) of section 45N is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 308. EXTENSION OF EMPLOYER WAGE CREDIT FOR EM-
PLOYEES WHO ARE ACTIVE DUTY MEMBERS 
OF THE UNIFORMED SERVICES. 
(a) IN GENERAL.—Subsection (f) of section 45P is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’.
† HR 8 EAS 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to payments made after December 31, 
2011. 
SEC. 309. EXTENSION OF WORK OPPORTUNITY TAX CREDIT. 
(a) IN
GENERAL.—Subparagraph (B) of section 
51(c)(4) is amended by striking ‘‘after’’ and all that follows 
and inserting ‘‘after December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to individuals who begin work for the 
employer after December 31, 2011. 
SEC. 310. EXTENSION OF QUALIFIED ZONE ACADEMY 
BONDS. 
(a) IN GENERAL.—Paragraph (1) of section 54E(c) is 
amended by inserting ‘‘, 2012, and 2013’’ after ‘‘for 2011’’. 
(b) EFFECTIVE DATE.—The amendments made by this 
section shall apply to obligations issued after December 31, 
2011. 
SEC. 311. EXTENSION OF 15-YEAR STRAIGHT-LINE COST RE-
COVERY FOR QUALIFIED LEASEHOLD IM-
PROVEMENTS, 
QUALIFIED 
RESTAURANT 
BUILDINGS AND IMPROVEMENTS, AND QUALI-
FIED RETAIL IMPROVEMENTS. 
(a) IN GENERAL.—Clauses (iv), (v), and (ix) of section 
168(e)(3)(E) are each amended by striking ‘‘January 1, 
2012’’ and inserting ‘‘January 1, 2014’’.
† HR 8 EAS 
(b) EFFECTIVE DATE.—The amendments made by this 
section shall apply to property placed in service after De-
cember 31, 2011. 
SEC. 312. EXTENSION OF 7-YEAR RECOVERY PERIOD FOR 
MOTORSPORTS 
ENTERTAINMENT 
COM-
PLEXES. 
(a) IN
GENERAL.—Subparagraph (D) of section 
168(i)(15) is amended by striking ‘‘December 31, 2011’’ and 
inserting ‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to property placed in service after De-
cember 31, 2011. 
SEC. 313. EXTENSION OF ACCELERATED DEPRECIATION 
FOR BUSINESS PROPERTY ON AN INDIAN 
RESERVATION. 
(a) IN GENERAL.—Paragraph (8) of section 168(j) is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to property placed in service after De-
cember 31, 2011.
† HR 8 EAS 
SEC. 314. EXTENSION OF ENHANCED CHARITABLE DEDUC-
TION FOR CONTRIBUTIONS OF FOOD INVEN-
TORY. 
(a) IN GENERAL.—Clause (iv) of section 170(e)(3)(C) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to contributions made after December 
31, 2011. 
SEC. 315. EXTENSION OF INCREASED EXPENSING LIMITA-
TIONS AND TREATMENT OF CERTAIN REAL 
PROPERTY AS SECTION 179 PROPERTY. 
(a) IN GENERAL.— 
(1) DOLLAR LIMITATION.—Section 179(b)(1) is 
amended— 
(A) by striking ‘‘2010 or 2011,’’ in subpara-
graph (B) and inserting ‘‘2010, 2011, 2012, or 
2013, and’’, 
(B) by striking subparagraph (C), 
(C) by redesignating subparagraph (D) as 
subparagraph (C), and 
(D) in subparagraph (C), as so redesig-
nated, by striking ‘‘2012’’ and inserting ‘‘2013’’. 
(2) 
REDUCTION
IN
LIMITATION.—Section 
179(b)(2) is amended—
† HR 8 EAS 
(A) by striking ‘‘2010 or 2011,’’ in subpara-
graph (B) and inserting ‘‘2010, 2011, 2012, or 
2013, and’’, 
(B) by striking subparagraph (C), 
(C) by redesignating subparagraph (D) as 
subparagraph (C), and 
(D) in subparagraph (C), as so redesig-
nated, by striking ‘‘2012’’ and inserting ‘‘2013’’. 
(3) CONFORMING
AMENDMENT.—Subsection (b) 
of section 179 is amended by striking paragraph (6). 
(b) COMPUTER SOFTWARE.—Section 179(d)(1)(A)(ii) 
is amended by striking ‘‘2013’’ and inserting ‘‘2014’’. 
(c) ELECTION.—Section 179(c)(2) is amended by strik-
ing ‘‘2013’’ and inserting ‘‘2014’’. 
(d) SPECIAL RULES FOR TREATMENT OF QUALIFIED 
REAL PROPERTY.— 
(1) IN GENERAL.—Section 179(f)(1) is amended 
by striking ‘‘2010 or 2011’’ and inserting ‘‘2010, 
2011, 2012, or 2013’’. 
(2) CARRYOVER LIMITATION.— 
(A) IN
GENERAL.—Section 179(f)(4) is 
amended by striking ‘‘2011’’ each place it ap-
pears and inserting ‘‘2013’’. 
(B) CONFORMING
AMENDMENT.—Subpara-
graph (C) of section 179(f)(4) is amended—
† HR 8 EAS 
(i) in the heading, by striking ‘‘2010’’ 
and inserting ‘‘2010, 2011 AND 2012’’, and 
(ii) by adding at the end the following: 
‘‘For the last taxable year beginning in 
2013, the amount determined under sub-
section (b)(3)(A) for such taxable year shall 
be determined without regard to this para-
graph.’’. 
(e) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 316. EXTENSION OF ELECTION TO EXPENSE MINE 
SAFETY EQUIPMENT. 
(a) IN GENERAL.—Subsection (g) of section 179E is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to property placed in service after De-
cember 31, 2011. 
SEC. 317. EXTENSION OF SPECIAL EXPENSING RULES FOR 
CERTAIN FILM AND TELEVISION PRODUC-
TIONS. 
(a) IN GENERAL.—Subsection (f) of section 181 is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’.
† HR 8 EAS 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to productions commencing after Decem-
ber 31, 2011. 
SEC. 318. EXTENSION OF DEDUCTION ALLOWABLE WITH RE-
SPECT TO INCOME ATTRIBUTABLE TO DO-
MESTIC PRODUCTION ACTIVITIES IN PUERTO 
RICO. 
(a) IN
GENERAL.—Subparagraph (C) of section 
199(d)(8) is amended— 
(1) by striking ‘‘first 6 taxable years’’ and in-
serting ‘‘first 8 taxable years’’, and 
(2) by striking ‘‘January 1, 2012’’ and inserting 
‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 319. EXTENSION OF MODIFICATION OF TAX TREAT-
MENT OF CERTAIN PAYMENTS TO CONTROL-
LING EXEMPT ORGANIZATIONS. 
(a) IN GENERAL.—Clause (iv) of section 512(b)(13)(E) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to payments received or accrued after 
December 31, 2011.
† HR 8 EAS 
SEC. 320. EXTENSION OF TREATMENT OF CERTAIN DIVI-
DENDS OF REGULATED INVESTMENT COMPA-
NIES. 
(a) 
IN
GENERAL.—Paragraphs 
(1)(C)(v) 
and 
(2)(C)(v) of section 871(k) are each amended by striking 
‘‘December 31, 2011’’ and inserting ‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 321. EXTENSION OF RIC QUALIFIED INVESTMENT EN-
TITY TREATMENT UNDER FIRPTA. 
(a) IN GENERAL.—Clause (ii) of section 897(h)(4)(A) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendment made by sub-
section (a) shall take effect on January 1, 2012. Not-
withstanding the preceding sentence, such amendment 
shall not apply with respect to the withholding re-
quirement 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 ENACTMENT.—In the case of a regulated invest-
ment company—
† HR 8 EAS 
(A) which makes a distribution after De-
cember 31, 2011, and before the date of the enact-
ment of this Act; and 
(B) which would (but for the second sen-
tence of paragraph (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 withheld and paid over to the Secretary of 
the Treasury. 
SEC. 322. EXTENSION OF SUBPART F EXCEPTION FOR AC-
TIVE FINANCING INCOME. 
(a) EXEMPT INSURANCE INCOME.—Paragraph (10) of 
section 953(e) is amended— 
(1) by striking ‘‘January 1, 2012’’ and inserting 
‘‘January 1, 2014’’, and 
(2) by striking ‘‘December 31, 2011’’ and insert-
ing ‘‘December 31, 2013’’. 
(b) SPECIAL RULE FOR INCOME DERIVED IN THE AC-
TIVE CONDUCT OF BANKING, FINANCING, OR SIMILAR BUSI-
NESSES.—Paragraph (9) of section 954(h) is amended by 
striking ‘‘January 1, 2012’’ and inserting ‘‘January 1, 
2014’’.
† HR 8 EAS 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years of foreign corporations 
beginning after December 31, 2011, and to taxable years 
of United States shareholders with or within which any 
such taxable year of such foreign corporation ends. 
SEC. 323. EXTENSION OF LOOK-THRU TREATMENT OF PAY-
MENTS 
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, 2012’’ and 
inserting ‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years of foreign corporations 
beginning after December 31, 2011, and to taxable years 
of United States shareholders with or within which such 
taxable years of foreign corporations end. 
SEC. 324. EXTENSION OF TEMPORARY EXCLUSION OF 100 
PERCENT OF GAIN ON CERTAIN SMALL BUSI-
NESS STOCK. 
(a) IN GENERAL.—Paragraph (4) of section 1202(a) 
is amended— 
(1) by striking ‘‘January 1, 2012’’ and inserting 
‘‘January 1, 2014’’, and
† HR 8 EAS 
(2) by striking ‘‘AND 2011’’ and inserting ‘‘, 
2011, 2012, AND 2013’’ in the heading thereof. 
(b) TECHNICAL AMENDMENTS.— 
(1) SPECIAL RULE FOR 2009 AND CERTAIN PE-
RIOD IN 2010.—Paragraph (3) of section 1202(a) is 
amended by adding at the end the following new flush 
sentence: 
‘‘In the case of any stock which would be described in 
the preceding sentence (but for this sentence), the ac-
quisition date for purposes of this subsection shall be 
the first day on which such stock was held by the tax-
payer determined after the application of section 
1223.’’. 
(2) 100 PERCENT EXCLUSION.—Paragraph (4) of 
section 1202(a) is amended by adding at the end the 
following new flush sentence: 
‘‘In the case of any stock which would be described in 
the preceding sentence (but for this sentence), the ac-
quisition date for purposes of this subsection shall be 
the first day on which such stock was held by the tax-
payer determined after the application of section 
1223.’’. 
(c) EFFECTIVE DATES.—
† HR 8 EAS 
(1) IN
GENERAL.—The amendments made by 
subsection (a) shall apply to stock acquired after De-
cember 31, 2011. 
(2) SUBSECTION (b)(1).—The amendment made 
by subsection (b)(1) shall take effect as if included in 
section 1241(a) of division B of the American Recov-
ery and Reinvestment Act of 2009. 
(3) SUBSECTION (b)(2).—The amendment made 
by subsection (b)(2) shall take effect as if included in 
section 2011(a) of the Creating Small Business Jobs 
Act of 2010. 
SEC. 325. EXTENSION OF BASIS ADJUSTMENT TO STOCK OF 
S CORPORATIONS MAKING CHARITABLE CON-
TRIBUTIONS OF PROPERTY. 
(a) IN GENERAL.—Paragraph (2) of section 1367(a) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to contributions made in taxable years 
beginning after December 31, 2011. 
SEC. 326. EXTENSION OF REDUCTION IN S-CORPORATION 
RECOGNITION PERIOD FOR BUILT-IN GAINS 
TAX. 
(a) IN GENERAL.—Paragraph (7) of section 1374(d) 
is amended—
† HR 8 EAS 
(1) by redesignating subparagraph (C) as sub-
paragraph (D), and 
(2) by inserting after subparagraph (B) the fol-
lowing new subparagraph: 
‘‘(C) SPECIAL RULE FOR 2012 AND 2013.— 
For purposes of determining the net recognized 
built-in gain for taxable years beginning in 2012 
or 2013, subparagraphs (A) and (D) shall be ap-
plied by substituting ‘5-year’ for ‘10-year’.’’, and 
(3) by adding at the end the following new sub-
paragraph: 
‘‘(E) INSTALLMENT SALES.—If an S cor-
poration sells an asset and reports the income 
from the sale using the installment method under 
section 453, the treatment of all payments re-
ceived shall be governed by the provisions of this 
paragraph applicable to the taxable year in 
which such sale was made.’’. 
(b) TECHNICAL AMENDMENT.—Subparagraph (B) of 
section 1374(d)(2) is amended by inserting ‘‘described in 
subparagraph (A)’’ after ‘‘, for any taxable year’’. 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011.
† HR 8 EAS 
SEC. 327. EXTENSION OF EMPOWERMENT ZONE TAX INCEN-
TIVES. 
(a) IN GENERAL.—Clause (i) of section 1391(d)(1)(A) 
is amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) INCREASED EXCLUSION OF GAIN ON STOCK OF EM-
POWERMENT ZONE BUSINESSES.—Subparagraph (C) of 
section 1202(a)(2) is amended— 
(1) by striking ‘‘December 31, 2016’’ and insert-
ing ‘‘December 31, 2018’’; and 
(2) by striking ‘‘2016’’ in the heading and insert-
ing ‘‘2018’’. 
(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, 2011.
† HR 8 EAS 
SEC. 328. EXTENSION OF TAX-EXEMPT FINANCING FOR NEW 
YORK LIBERTY ZONE. 
(a) IN
GENERAL.—Subparagraph (D) of section 
1400L(d)(2) is amended by striking ‘‘January 1, 2012’’ and 
inserting ‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to bonds issued after December 31, 2011. 
SEC. 329. EXTENSION OF 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, 2012’’ and inserting 
‘‘January 1, 2014’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to distilled spirits brought into the 
United States after December 31, 2011. 
SEC. 330. MODIFICATION AND EXTENSION OF AMERICAN 
SAMOA ECONOMIC DEVELOPMENT CREDIT. 
(a) MODIFICATION.— 
(1) IN GENERAL.—Subsection (a) of section 119 
of division A of the Tax Relief and Health Care Act 
of 2006 is amended by striking ‘‘if such corporation’’ 
and all that follows and inserting ‘‘if— 
‘‘(1) in the case of a taxable year beginning be-
fore January 1, 2012, such corporation—
† HR 8 EAS 
‘‘(A) is an existing credit claimant with re-
spect to American Samoa, and 
‘‘(B) elected the application of section 936 
of the Internal Revenue Code of 1986 for its last 
taxable year beginning before January 1, 2006, 
and 
‘‘(2) in the case of a taxable year beginning after 
December 31, 2011, such corporation meets the re-
quirements of subsection (e).’’. 
(2) REQUIREMENTS.—Section 119 of division A 
of such Act is amended by adding at the end the fol-
lowing new subsection: 
‘‘(e) QUALIFIED PRODUCTION ACTIVITIES INCOME RE-
QUIREMENT.—A corporation meets the requirement of this 
subsection if such corporation has qualified production ac-
tivities income, as defined in subsection (c) of section 199 
of the Internal Revenue Code of 1986, determined by sub-
stituting ‘American Samoa’ for ‘the United States’ each 
place it appears in paragraphs (3), (4), and (6) of such 
subsection (c), for the taxable year.’’. 
(b) EXTENSION.—Subsection (d) of section 119 of divi-
sion A of the Tax Relief and Health Care Act of 2006 is 
amended by striking ‘‘shall apply’’ and all that follows and 
inserting ‘‘shall apply—
† HR 8 EAS 
‘‘(1) in the case of a corporation that meets the 
requirements of subparagraphs (A) and (B) of sub-
section (a)(1), to the first 8 taxable years of such cor-
poration which begin after December 31, 2006, and 
before January 1, 2014, and 
‘‘(2) in the case of a corporation that does not 
meet the requirements of subparagraphs (A) and (B) 
of subsection (a)(1), to the first 2 taxable years of 
such corporation which begin after December 31, 
2011, and before January 1, 2014.’’. 
(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to taxable years beginning after Decem-
ber 31, 2011. 
SEC. 331. EXTENSION AND MODIFICATION OF BONUS DE-
PRECIATION. 
(a) IN GENERAL.—Paragraph (2) of section 168(k) is 
amended— 
(1) by striking ‘‘January 1, 2014’’ in subpara-
graph (A)(iv) and inserting ‘‘January 1, 2015’’, and 
(2) by striking ‘‘January 1, 2013’’ each place it 
appears and inserting ‘‘January 1, 2014’’. 
(b) SPECIAL RULE FOR FEDERAL LONG-TERM CON-
TRACTS.—Clause (ii) of section 460(c)(6)(B) is amended by 
inserting ‘‘, or after December 31, 2012, and before January
† HR 8 EAS 
1, 2014 (January 1, 2015, in the case of property described 
in section 168(k)(2)(B))’’ before the period. 
(c) EXTENSION OF ELECTION TO ACCELERATE THE 
AMT CREDIT IN LIEU OF BONUS DEPRECIATION.— 
(1) IN
GENERAL.—Subclause (II) of section 
168(k)(4)(D)(iii) is amended by striking ‘‘2013’’ and 
inserting ‘‘2014’’. 
(2) ROUND 3 EXTENSION PROPERTY.—Paragraph 
(4) of section 168(k) is amended by adding at the end 
the following new subparagraph: 
‘‘(J) SPECIAL RULES FOR ROUND 3 EXTEN-
SION PROPERTY.— 
‘‘(i) IN
GENERAL.—In the case of 
round 3 extension property, this paragraph 
shall be applied without regard to— 
‘‘(I) the limitation described in 
subparagraph (B)(i) thereof, and 
‘‘(II) the business credit increase 
amount under subparagraph (E)(iii) 
thereof. 
‘‘(ii) TAXPAYERS PREVIOUSLY ELECT-
ING ACCELERATION.—In the case of a tax-
payer who made the election under subpara-
graph (A) for its first taxable year ending 
after March 31, 2008, a taxpayer who made
† HR 8 EAS 
the election under subparagraph (H)(ii) for 
its first taxable year ending after December 
31, 2008, or a taxpayer who made the elec-
tion under subparagraph (I)(iii) for its first 
taxable year ending after December 31, 
2010— 
‘‘(I) the taxpayer may elect not to 
have this paragraph apply to round 3 
extension property, but 
‘‘(II) if the taxpayer does not 
make the election under subclause (I), 
in applying this paragraph to the tax-
payer the bonus depreciation amount, 
maximum amount, and maximum in-
crease amount shall be computed and 
applied to eligible qualified property 
which is round 3 extension property. 
The amounts described in subclause (II) 
shall be computed separately from any 
amounts computed with respect to eligible 
qualified property which is not round 3 ex-
tension property. 
‘‘(iii) TAXPAYERS
NOT
PREVIOUSLY 
ELECTING ACCELERATION.—In the case of a 
taxpayer who neither made the election
† HR 8 EAS 
under subparagraph (A) for its first taxable 
year ending after March 31, 2008, nor 
made the election under subparagraph 
(H)(ii) for its first taxable year ending 
after December 31, 2008, nor made the elec-
tion under subparagraph (I)(iii) for any 
taxable year ending after December 31, 
2010— 
‘‘(I) the taxpayer may elect to 
have this paragraph apply to its first 
taxable year ending after December 31, 
2012, and each subsequent taxable 
year, and 
‘‘(II) if the taxpayer makes the 
election under subclause (I), this para-
graph shall only apply to eligible 
qualified property which is round 3 ex-
tension property. 
‘‘(iv) ROUND
EXTENSION
PROP-
ERTY.—For purposes of this subparagraph, 
the term ‘round 3 extension property’ means 
property which is eligible qualified property 
solely by reason of the extension of the ap-
plication of the special allowance under 
paragraph (1) pursuant to the amendments
† HR 8 EAS 
made by section 331(a) of the American 
Taxpayer Relief Act of 2012 (and the appli-
cation of such extension to this paragraph 
pursuant to the amendment made by section 
331(c)(1) of such Act).’’. 
(d) NORMALIZATION RULES AMENDMENT.—Clause (ii) 
of section 168(i)(9)(A) is amended by inserting ‘‘(respecting 
all elections made by the taxpayer under this section)’’ after 
‘‘such property’’. 
(e) CONFORMING AMENDMENTS.— 
(1) The heading for subsection (k) of section 168 
is amended by striking ‘‘JANUARY 1, 2013’’ and in-
serting ‘‘JANUARY 1, 2014’’. 
(2) The heading for clause (ii) of section 
168(k)(2)(B) is amended by striking ‘‘PRE-JANUARY 1, 
2013’’ and inserting ‘‘PRE-JANUARY 1, 2014’’. 
(3) Subparagraph (C) of section 168(n)(2) is 
amended by striking ‘‘January 1, 2013’’ and insert-
ing ‘‘January 1, 2014’’. 
(4) Subparagraph (D) of section 1400L(b)(2) is 
amended by striking ‘‘January 1, 2013’’ and insert-
ing ‘‘January 1, 2014’’. 
(5) Subparagraph (B) of section 1400N(d)(3) is 
amended by striking ‘‘January 1, 2013’’ and insert-
ing ‘‘January 1, 2014’’.
† HR 8 EAS 
(f) EFFECTIVE DATE.—The amendments made by this 
section shall apply to property placed in service after De-
cember 31, 2012, in taxable years ending after such date. 
TITLE IV—ENERGY TAX 
EXTENDERS 
SEC. 401. EXTENSION OF CREDIT FOR ENERGY-EFFICIENT 
EXISTING HOMES. 
(a) IN GENERAL.—Paragraph (2) of section 25C(g) is 
amended by striking ‘‘December 31, 2011’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to property placed in service after De-
cember 31, 2011. 
SEC. 402. EXTENSION OF CREDIT FOR ALTERNATIVE FUEL 
VEHICLE REFUELING PROPERTY. 
(a) IN GENERAL.—Paragraph (2) of section 30C(g) is 
amended by striking ‘‘December 31, 2011.’’ and inserting 
‘‘December 31, 2013’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to property placed in service after De-
cember 31, 2011. 
SEC. 403. EXTENSION OF CREDIT FOR 2- OR 3-WHEELED 
PLUG-IN ELECTRIC VEHICLES. 
(a) IN GENERAL.—Section 30D is amended by adding 
at the end the following new subsection: