Tax Extenders Act of 2013

Bill: 113-s-1859
Sponsor: full_name: Sen. Reid, Harry [D-NV]
Introduced: 2013-12-19
Policy area: Taxation
Subjects: Agricultural conservation and pollution

Alcoholic beverages

Alternative and renewable resources

Business investment and capital

Capital gains tax

Charitable contributions

Coal

Commuting

Computers and information technology

Economic development

Educational facilities and institutions

Electric power generation and transmission

Elementary and secondary education

Employee benefits and pensions

Energy efficiency and conservation

Farmland

First responders and emergency personnel

Food assistance and relief

Food industry and services

Foreign and international corporations

Foreign property

Health care costs and insurance

Health care coverage and access

Housing finance and home ownership

Hybrid, electric, and advanced technology vehicles

Income tax credits

Income tax deductions

Income tax exclusion

Indian social and development programs

Low- and moderate-income housing

Mammals

Military personnel and dependents

Mining

Minority employment

Motor fuels

Public transit

Public utilities and utility rates

Puerto Rico

Railroads

Research and development

Retail and wholesale trades

Sales and excise taxes

Securities

Small business

Social work, volunteer service, charitable organizations

Sports and recreation facilities

State and local taxation

Student aid and college costs

Tax administration and collection, taxpayers

Teaching, teachers, curricula

Television and film

Trade adjustment assistance

Transportation costs

Virgin Islands

Wages and earnings

Worker safety and health
Latest action: action_date: 2013-12-20
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.

Summaries:
action_date: 2013-12-19
action_desc: Introduced in Senate
text: <p>Tax Extenders Act of 2013 - <strong>Title I: Individual Tax Extenders - </strong>Amends the Internal Revenue Code to extend through 2014: </p> <ul> <li>the tax credit for purchasing health care insurance; </li> <li>the tax deduction for expenses of elementary and secondary school teachers; </li> <li>the exclusion from gross income of imputed income from the discharge of indebtedness for a principal residence; </li> <li>the equalization of the exclusion from gross income for employer-provided commuter transit and parking benefits; </li> <li>the tax deduction for mortgage insurance premiums; </li> <li>the tax deduction for state and local general sales taxes in lieu of state and local income taxes; </li> <li>the tax deduction for contributions of capital gain real property made for conservation purposes; </li> <li>the deduction from gross income for qualified&nbsp;tuition and related expenses; and </li> <li>tax-free distributions from individual retirement accounts (IRAs) for charitable purposes. </li></ul> <p>Extends through 2014 provisions allowing continuation of&nbsp;health care benefits for eligible trade adjustment assistance (TAA) and Pension Benefit Guaranty Corporation (PBGC) beneficiaries. </p> <p><strong>Title II: Business Tax Extenders - </strong>Extends through 2014:</p> <ul> <li>the tax credit for increasing research expenditures; </li> <li>the&nbsp;low-income housing tax credit rate for newly constructed non-federally subsidized buildings; </li> <li>the Indian employment tax credit; </li> <li>the new markets tax credit; </li> <li>the tax credit for qualified railroad track maintenance expenditures; </li> <li>the tax credit for mine rescue team training expenses; </li> <li>the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services; </li> <li>the work opportunity tax credit; </li> <li>the authority for issuing qualified zone academy bonds; </li> <li>the classification of race horses as three-year property for depreciation purposes; </li> <li>accelerated depreciation of qualified leasehold, restaurant, and retail property, of motorsports entertainment complexes, and of business property on Indian reservations; </li> <li>additional (bonus) depreciation of business assets and the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; </li> <li>the tax deduction for contributions of food inventory by taxpayers other than C corporations; </li> <li>increased expensing allowance for business property, including computer software, and depreciation of qualified real property; </li> <li>the election to expense advanced mine safety equipment expenditures; </li> <li>the enhanced expensing allowance for certain film and television production costs; </li> <li>the tax deduction for income attributable to domestic production activities in Puerto Rico; </li> <li>tax rules relating to payments between related foreign corporations and regulated investment companies; </li> <li>the subpart F income exemption for income derived in the active conduct of a banking, financing, or insurance business; </li> <li>the 100% exclusion from gross income of gain from the sale of small business stock; </li> <li>the basis adjustment rule for stock of an S corporation making charitable contributions of property; </li> <li>the reduction of the recognition period for the built-in gains of S corporations; </li> <li>tax incentives for investment in empowerment zones; </li> <li>the increased level of distilled spirit excise tax payments into the treasuries of Puerto Rico and the Virgin Islands; and </li> <li>the tax credit for American Samoa economic development expenditures. </li></ul> <p>Amends the Housing Assistance&nbsp;Tax Act of 2008 to extend through 2014 the exemption of the basic military housing allowance from the income test for programs financed by tax-exempt housing bonds.&nbsp;</p> <p><strong>Title III: Energy Tax Extenders - </strong>Extends through 2014: </p> <ul> <li>the tax credit for residential energy efficiency improvements; </li> <li>the tax credit for alternative fuel vehicle refueling property expenditures; </li> <li>the tax credit for two- or three-wheeled plug-in&nbsp;electric vehicles; </li> <li>the tax credit for second generation biofuel production; </li> <li>the income and excise tax credits for biodiesel and renewable diesel fuel mixtures; </li> <li>the tax credit for producing electricity using Indian coal facilities; </li> <li>the tax credit for producing electricity using wind, biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy facilities; </li> <li>the tax credit for energy efficient new homes; </li> <li>the tax credit for energy efficient appliances; </li> <li>the special depreciation allowance for second generation biofuel plant property; </li> <li>the placed-in-service deadline for refinery property for which expensing of assets is allowed; </li> <li>the tax deduction for energy efficient commercial buildings; </li> <li>tax deferral rules for sales or dispositions of qualified electric utilities; and </li> <li>the excise tax credit for alternative fuels and fuels involving liquefied hydrogen.</li></ul>

tv_txt: II Calendar No. 287 113th CONGRESS 1st Session S. 1859 IN THE SENATE OF THE UNITED STATES December 19, 2013 Mr. Reid introduced the following bill December 20 (legislative day, December 19), 2013 Read the first time December 20, 2013 Read the second time and placed on the calendar A BILL To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.

1. Short title, etc (a) Short title This Act may be cited as the Tax Extenders Act of 2013 . (b) Amendment of 1986 Code Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title, etc. TITLE I—Individual tax extenders Subtitle A—Extensions relating to certain health coverage Sec. 101. Health care tax credit. Sec. 102. TAA pre-certification rule for purposes of determining whether there is a 63-day lapse in creditable coverage. Sec. 103. Extension of COBRA benefits for certain TAA-eligible individuals and PBGC recipients. Subtitle B—General extensions Sec. 111. Extension of deduction for certain expenses of elementary and secondary school teachers. Sec. 112. Extension of exclusion from gross income of discharge of qualified principal residence indebtedness. Sec. 113. Extension of parity for exclusion from income for employer-provided mass transit and parking benefits. Sec. 114. Extension of mortgage insurance premiums treated as qualified residence interest. Sec. 115. Extension of deduction of State and local general sales taxes. Sec. 116. Extension of special rule for contributions of capital gain real property made for conservation purposes. Sec. 117. Extension of above-the-line deduction for qualified tuition and related expenses. Sec. 118. Extension of tax-free distributions from individual retirement plans for charitable purposes. TITLE II—Business tax extenders Sec. 201. Extension of research credit. Sec. 202. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings. Sec. 203. Extension of housing allowance exclusion for determining area median gross income for qualified residential rental project exempt facility bonds. Sec. 204. Extension of Indian employment tax credit. Sec. 205. Extension of new markets tax credit. Sec. 206. Extension of railroad track maintenance credit. Sec. 207. Extension of mine rescue team training credit. Sec. 208. Extension of employer wage credit for employees who are active duty members of the uniformed services. Sec. 209. Extension of work opportunity tax credit. Sec. 210. Extension of qualified zone academy bonds. Sec. 211. Extension of classification of certain race horses as 3-year property. Sec. 212. Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements. Sec. 213. Extension of 7-year recovery period for motorsports entertainment complexes. Sec. 214. Extension of accelerated depreciation for business property on an Indian reservation. Sec. 215. Extension of bonus depreciation. Sec. 216. Extension of enhanced charitable deduction for contributions of food inventory. Sec. 217. Extension of increased expensing limitations and treatment of certain real property as section 179 property. Sec. 218. Extension of election to expense mine safety equipment. Sec. 219. Extension of special expensing rules for certain film and television productions. Sec. 220. Extension of deduction allowable with respect to income attributable to domestic production activities in Puerto Rico. Sec. 221. Extension of modification of tax treatment of certain payments to controlling exempt organizations. Sec. 222. Extension of treatment of certain dividends of regulated investment companies. Sec. 223. Extension of RIC qualified investment entity treatment under FIRPTA. Sec. 224. Extension of subpart F exception for active financing income. Sec. 225. Extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules. Sec. 226. Extension of temporary exclusion of 100 percent of gain on certain small business stock. Sec. 227. Extension of basis adjustment to stock of S corporations making charitable contributions of property. Sec. 228. Extension of reduction in S-corporation recognition period for built-in gains tax. Sec. 229. Extension of empowerment zone tax incentives. Sec. 230. Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands. Sec. 231. Extension of American Samoa economic development credit. TITLE III—Energy tax extenders Sec. 301. Extension of credit for energy-efficient existing homes. Sec. 302. Extension of credit for alternative fuel vehicle refueling property. Sec. 303. Extension of credit for 2- or 3-wheeled plug-in electric vehicles. Sec. 304. Extension of second generation biofuel producer credit. Sec. 305. Extension of incentives for biodiesel and renewable diesel. Sec. 306. Extension of production credit for Indian coal facilities placed in service before 2009. Sec. 307. Extension of credits with respect to facilities producing energy from certain renewable resources. Sec. 308. Extension of credit for energy-efficient new homes. Sec. 309. Extension of credits for energy-efficient appliances. Sec. 310. Extension of special allowance for second generation biofuel plant property. Sec. 311. Extension of placed in service date for election to expense certain refineries. Sec. 312. Extension of energy efficient commercial buildings deduction. Sec. 313. Extension of special rule for sales or dispositions to implement FERC or State electric restructuring policy for qualified electric utilities. Sec. 314. Extension of alternative fuels excise tax credits. Sec. 315. Extension of alternative fuels excise tax credits relating to liquefied hydrogen. I Individual tax extenders A Extensions relating to certain health coverage 101. Health care tax credit (a) In general Subparagraph (B) of section 35(b)(1) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to coverage months beginning after December 31, 2013. 102. TAA pre-certification rule for purposes of determining whether there is a 63-day lapse in creditable coverage (a) In general The following provisions are each amended by striking January 1, 2014 and inserting January 1, 2015 : (1) Section 9801(c)(2)(D). (2) Section 701(c)(2)(C) of the Employee Retirement Income Security Act of 1974. (3) Section 2701(c)(2)(C) of the Public Health Service Act (as in effect for plan years beginning before January 1, 2014). (4) Section 2704(c)(2)(C) of the Public Health Service Act (as in effect for plan years beginning on or after January 1, 2014). (b) Effective date The amendments made by this section shall apply to plan years beginning after December 31, 2013. 103. Extension of COBRA benefits for certain TAA-eligible individuals and PBGC recipients (a) In general The following provisions are each amended by striking January 1, 2014 and inserting January 1, 2015 : (1) Section 4980B(f)(2)(B)(i)(V). (2) Section 4980B(f)(2)(B)(i)(VI). (3) Section 602(2)(A)(v) of the Employee Retirement Income Security Act of 1974. (4) Section 602(2)(A)(vi) of such Act. (5) Section 2202(2)(A)(iv) of the Public Health Service Act. (b) Effective date The amendments made by this section shall apply to periods of coverage which would (without regard to the amendments made by this section) end on or after December 31, 2013. B General extensions 111. Extension of deduction for certain expenses of elementary and secondary school teachers (a) In general Subparagraph (D) of section 62(a)(2) is amended by striking or 2013 and inserting 2013, or 2014 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2013. 112. 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, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to indebtedness discharged after December 31, 2013. 113. Extension of parity for exclusion from income for employer-provided mass transit and parking benefits (a) In general Paragraph (2) of section 132(f) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to months after December 31, 2013. 114. Extension of mortgage insurance premiums treated as qualified residence interest (a) In general Subclause (I) of section 163(h)(3)(E)(iv) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendments made by this section shall apply to amounts paid or accrued after December 31, 2013. 115. 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, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2013. 116. Extension of special rule for contributions 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, 2013 and inserting December 31, 2014 . (b) Contributions by certain corporate farmers and ranchers Clause (iii) of section 170(b)(2)(B) is amended by striking December 31, 2013 and inserting December 31, 2014 . (c) Effective date The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2013. 117. Extension of above-the-line deduction for qualified tuition and related expenses (a) In general Subsection (e) of section 222 is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2013. 118. Extension of tax-free distributions from individual retirement plans for charitable purposes (a) In general Subparagraph (F) of section 408(d)(8) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2013. II Business tax extenders 201. Extension of research credit (a) In general Subparagraph (B) of section 41(h)(1) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Conforming amendment Subparagraph (D) of section 45C(b)(1) is amended by striking December 31, 2013 and inserting December 31, 2014 . (c) Effective date The amendments made by this section shall apply to amounts paid or incurred after December 31, 2013. 202. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings (a) In general Subparagraph (A) of section 42(b)(2) is amended by striking before January 1, 2014 and inserting before January 1, 2015 . (b) Effective date The amendment made by this section shall take effect on January 1, 2014. 203. Extension of housing allowance exclusion for determining area median gross income 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, 2014 each place it appears and inserting January 1, 2015 . (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. 204. Extension of Indian employment tax credit (a) In general Subsection (f) of section 45A is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2013. 205. Extension of new markets tax credit (a) In general Subparagraph (G) of section 45D(f)(1) is amended by striking and 2013 and inserting 2013, and 2014 . (b) Carryover of unused limitation Paragraph (3) of section 45D(f) is amended by striking 2018 and inserting 2019 . (c) Effective date The amendments made by this section shall apply to calendar years beginning after December 31, 2013. 206. Extension of railroad track maintenance credit (a) In general Subsection (f) of section 45G is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to expenditures paid or incurred in taxable years beginning after December 31, 2013. 207. Extension of mine rescue team training credit (a) In general Subsection (e) of section 45N is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2013. 208. Extension of employer wage credit for employees who are active duty members of the uniformed services (a) In general Subsection (f) of section 45P is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to payments made after December 31, 2013. 209. Extension of work opportunity tax credit (a) In general Subparagraph (B) of section 51(c)(4) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to individuals who begin work for the employer after December 31, 2013. 210. Extension of qualified zone academy bonds (a) Extension (1) In general Paragraph (1) of section 54E(c) is amended by striking and 2013 and inserting 2013, and 2014 . (2) Effective date The amendment made by this subsection shall apply to obligations issued after December 31, 2013. (b) Technical correction and conforming amendment (1) In general Clause (iii) of section 6431(f)(3)(A) is amended— (A) by striking 2011 and inserting years after 2010 , and (B) by striking of such allocation and inserting of any such allocation . (2) Effective date The amendments made by this subsection shall take effect as if included in section 310 of the American Taxpayer Relief Act of 2012. 211. Extension of classification of certain race horses as 3-year property (a) In general Clause (i) of section 168(e)(3)(A) is amended— (1) by striking January 1, 2014 in subclause (I) and inserting January 1, 2015 , and (2) by striking December 31, 2013 in subclause (II) and inserting December 31, 2014 . (b) Effective date The amendments made by this section shall apply to property placed in service after December 31, 2013. 212. Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements (a) In general Clauses (iv), (v), and (ix) of section 168(e)(3)(E) are each amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendments made by this section shall apply to property placed in service after December 31, 2013. 213. Extension of 7-year recovery period for motorsports entertainment complexes (a) In general Subparagraph (D) of section 168(i)(15) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 214. 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, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 215. Extension of bonus depreciation (a) In general Paragraph (2) of section 168(k) is amended— (1) by striking January 1, 2015 in subparagraph (A)(iv) and inserting January 1, 2016 , and (2) by striking January 1, 2014 each place it appears and inserting January 1, 2015 . (b) Special rule for Federal long-Term contracts Clause (ii) of section 460(c)(6)(B) is amended by striking January 1, 2014 (January 1, 2015 and inserting January 1, 2015 (January 1, 2016 . (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 2014 and inserting 2015 . (2) Round 4 extension property Paragraph (4) of section 168(k) is amended by adding at the end the following new subparagraph: (K) Special rules for round 4 extension property (i) In general In the case of round 4 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 electing acceleration In the case of a taxpayer who made the election under subparagraph (A) for its first taxable year ending after March 31, 2008, a taxpayer who made the election under subparagraph (H)(ii) for its first taxable year ending after December 31, 2008, a taxpayer who made the election under subparagraph (I)(iii) for its first taxable year ending after December 31, 2010, or a taxpayer who made the election under subparagraph (J)(iii) for its first taxable year ending after December 31, 2012— (I) the taxpayer may elect not to have this paragraph apply to round 4 extension property, but (II) if the taxpayer does not make the election under subclause (I), in applying this paragraph to the taxpayer the bonus depreciation amount, maximum amount, and maximum increase amount shall be computed and applied to eligible qualified property which is round 4 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 4 extension property. (iii) Taxpayers not previously electing acceleration In the case of a taxpayer who neither made the election 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 election under subparagraph (I)(iii) for its first taxable year ending after December 31, 2010, nor made the election under subparagraph (J)(iii) for its first taxable year ending after December 31, 2012— (I) the taxpayer may elect to have this paragraph apply to its first taxable year ending after December 31, 2013, and each subsequent taxable year, and (II) if the taxpayer makes the election under subclause (I), this paragraph shall only apply to eligible qualified property which is round 4 extension property. (iv) Round 4 extension property For purposes of this subparagraph, the term round 4 extension property means property which is eligible qualified property solely by reason of the extension of the application of the special allowance under paragraph (1) pursuant to the amendments made by section 215(a) of the Tax Extenders Act of 2013 (and the application of such extension to this paragraph pursuant to the amendment made by section 215(c) of such Act). . (d) Conforming amendments (1) The heading for subsection (k) of section 168 is amended by striking January 1, 2014 and inserting January 1, 2015 . (2) The heading for clause (ii) of section 168(k)(2)(B) is amended by striking pre-January 1, 2014 and inserting pre-January 1, 2015 . (3) Subparagraph (C) of section 168(n)(2) is amended by striking January 1, 2014 and inserting January 1, 2015 . (4) Subparagraph (D) of section 1400L(b)(2) is amended by striking January 1, 2014 and inserting January 1, 2015 . (5) Subparagraph (B) of section 1400N(d)(3) is amended by striking January 1, 2014 and inserting January 1, 2015 . (e) Effective date The amendments made by this section shall apply to property placed in service after December 31, 2013, in taxable years ending after such date. 216. Extension of enhanced charitable deduction for contributions of food inventory (a) In general Clause (iv) of section 170(e)(3)(C) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to contributions made after December 31, 2013. 217. Extension of increased expensing limitations 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 or 2013 in subparagraph (B) and inserting 2013, or 2014 , and (B) by striking 2013 in subparagraph (C) and inserting 2014 . (2) Reduction in limitation Section 179(b)(2) is amended— (A) by striking or 2013 in subparagraph (B) and inserting 2013, or 2014 , and (B) by striking 2013 in subparagraph (C) and inserting 2014 . (b) Computer software Section 179(d)(1)(A)(ii) is amended by striking 2014 and inserting 2015 . (c) Election Section 179(c)(2) is amended by striking 2014 and inserting 2015 . (d) Special rules for treatment of qualified real property (1) In general Section 179(f)(1) is amended by striking or 2013 and inserting 2013, or 2014 . (2) Carryover limitation (A) In general Section 179(f)(4) is amended by striking 2013 each place it appears and inserting 2014 . (B) Conforming amendment The heading of subparagraph (C) of section 179(f)(4) is amended by striking 2011 and 2012 and inserting 2011, 2012, and 2013 . (e) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013. 218. Extension of election to expense mine safety equipment (a) In general Subsection (g) of section 179E is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 219. Extension of special expensing rules for certain film and television productions (a) In general Subsection (f) of section 181 is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to productions commencing after December 31, 2013. 220. Extension of deduction allowable with respect to income attributable to domestic production activities in Puerto Rico (a) In general Subparagraph (C) of section 199(d)(8) is amended— (1) by striking first 8 taxable years and inserting first 9 taxable years , and (2) by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013. 221. Extension of modification of tax treatment of certain payments to controlling exempt organizations (a) In general Clause (iv) of section 512(b)(13)(E) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to payments received or accrued after December 31, 2013. 222. Extension of treatment of certain dividends of regulated investment companies (a) In general Paragraphs (1)(C)(v) and (2)(C)(v) of section 871(k) are each amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013. 223. Extension of RIC qualified investment entity treatment under FIRPTA (a) In general Clause (ii) of section 897(h)(4)(A) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall take effect on January 1, 2014. 224. Extension of subpart F exception for active financing income (a) Exempt insurance income Paragraph (10) of section 953(e) is amended— (1) by striking January 1, 2014 and inserting January 1, 2015 , and (2) by striking December 31, 2013 and inserting December 31, 2014 . (b) Special rule for income derived in the active conduct of banking, financing, or similar businesses Paragraph (9) of section 954(h) is amended by striking January 1, 2014 and inserting January 1, 2015 . (c) Effective date The amendments made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2013, and to taxable years of United States shareholders with or within which any such taxable year of such foreign corporation ends. 225. Extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules (a) In general Subparagraph (C) of section 954(c)(6) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2013, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end. 226. Extension of temporary exclusion of 100 percent of gain on certain small business stock (a) In general Paragraph (4) of section 1202(a) is amended— (1) by striking January 1, 2014 and inserting January 1, 2015 , and (2) by striking and 2013 in the heading and inserting 2013, and 2014 . (b) Effective date The amendments made by this section shall apply to stock acquired after December 31, 2013. 227. Extension of basis adjustment to stock of S corporations making charitable contributions of property (a) In general Paragraph (2) of section 1367(a) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2013. 228. Extension of reduction in S-corporation recognition period for built-in gains tax (a) In general Subparagraph (C) of section 1374(d)(7) is amended— (1) by striking 2012 or 2013 and inserting 2012, 2013, or 2014 , and (2) by striking 2012 and 2013 in the heading and inserting 2012, 2013, and 2014 . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013. 229. Extension of empowerment zone tax incentives (a) In general Clause (i) of section 1391(d)(1)(A) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) 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. (c) Effective date The amendment made by this section shall apply to periods after December 31, 2013. 230. 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, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to distilled spirits brought into the United States after December 31, 2013. 231. Extension of American Samoa economic development credit (a) In general Subsection (d) of section 119 of division A of the Tax Relief and Health Care Act of 2006 is amended— (1) by striking January 1, 2014 each place it appears and inserting January 1, 2015 , (2) by striking first 8 taxable years in paragraph (1) and inserting first 9 taxable years , and (3) by striking first 2 taxable years in paragraph (2) and inserting first 3 taxable years . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013. III Energy tax extenders 301. Extension of credit for energy-efficient existing homes (a) In general Paragraph (2) of section 25C(g) is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 302. Extension of credit for alternative fuel vehicle refueling property (a) In general Subsection (g) of section 30C is amended by striking placed in service and all that follows and inserting placed in service after December 31, 2014. . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 303. Extension of credit for 2- or 3-wheeled plug-in electric vehicles (a) In general Subparagraph (E) of section 30D(g)(3) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendments made by this section shall apply to vehicles acquired after December 31, 2013. 304. Extension of second generation biofuel producer credit (a) In general Clause (i) of section 40(b)(6)(J) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this subsection shall apply to fuel sold or used after December 31, 2013. 305. Extension of incentives for biodiesel and renewable diesel (a) Credits for biodiesel and renewable diesel used as fuel Subsection (g) of section 40A is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Excise tax credits and outlay payments for biodiesel and renewable diesel fuel mixtures (1) Paragraph (6) of section 6426(c) is amended by striking December 31, 2013 and inserting December 31, 2014 . (2) Subparagraph (B) of section 6427(e)(6) is amended by striking December 31, 2013 and inserting December 31, 2014 . (c) Effective date The amendments made by this section shall apply to fuel sold or used after December 31, 2013. 306. Extension of production credit for Indian coal facilities placed in service before 2009 (a) In general Subparagraph (A) of section 45(e)(10) is amended by striking 8-year period each place it appears and inserting 9-year period . (b) Effective date The amendment made by this section shall apply to coal produced after December 31, 2013. 307. Extension of credits with respect to facilities producing energy from certain renewable resources (a) In general The following provisions of section 45(d) are each amended by striking January 1, 2014 each place it appears and inserting January 1, 2015 : (1) Paragraph (1). (2) Paragraph (2)(A). (3) Paragraph (3)(A). (4) Paragraph (4)(B). (5) Paragraph (6). (6) Paragraph (7). (7) Paragraph (9). (8) Paragraph (11)(B). (b) Extension of election to treat qualified facilities as energy property Clause (ii) of section 48(a)(5)(C) is amended by striking January 1, 2014 and inserting January 1, 2015 . (c) Effective dates The amendments made by this section shall take effect on January 1, 2014. 308. Extension of credit for energy-efficient new homes (a) In general Subsection (g) of section 45L is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendments made by this section shall apply to homes acquired after December 31, 2013. 309. Extension of credits for energy-efficient appliances (a) In general Subsection (b) of section 45M is amended by striking or 2013 each place it appears in paragraphs (1)(E), (2)(F), and (3)(F) and inserting 2013, or 2014 . (b) Effective date The amendments made by this section shall apply to appliances produced after December 31, 2013. 310. Extension of special allowance for second generation biofuel plant property (a) In general Subparagraph (D) of section 168(l)(2) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 311. Extension of placed in service date for election to expense certain refineries (a) In general Subparagraph (B) of section 179C(c)(1) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 312. Extension of energy efficient commercial buildings deduction (a) In general Subsection (h) of section 179D is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2013. 313. Extension of special rule for sales or dispositions to implement FERC or State electric restructuring policy for qualified electric utilities (a) In general Paragraph (3) of section 451(i) is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to dispositions after December 31, 2013. 314. Extension of alternative fuels excise tax credits (a) In general Sections 6426(d)(5) and 6426(e)(3) are each amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Outlay payments for alternative fuels Subparagraph (C) of section 6427(e)(6) is amended by striking December 31, 2013 and inserting December 31, 2014 . (c) Effective date The amendments made by this section shall apply to fuel sold or used after December 31, 2013. 315. Extension of alternative fuels excise tax credits relating to liquefied hydrogen (a) In general Sections 6426(d)(5) and 6426(e)(3), as amended by this Act, are each amended by striking 2014 (September 30, 2014 in the case of any sale or use involving liquefied hydrogen) and inserting 2014 . (b) Outlay payments for alternative fuels Paragraph (6) of section 6427(e) is amended— (1) by striking except as provided in subparagraph (D), any in subparagraph (C), as amended by this Act, and inserting any , and (2) by striking subparagraph (D) and redesignating subparagraph (E) as subparagraph (D). (c) Effective date The amendments made by this section shall apply to fuels sold or used after September 30, 2014.

December 20, 2013 Read the second time and placed on the calendar