In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Center for Excellence in 
Research and Development Act of 1996''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) Due to the end of the Cold War, the United States has 
        not recently conducted underground nuclear testing at the 
        Department of Energy facility known as the Nevada Test Site, 
        Nevada, and the United States does not plan to conduct such 
        testing in the foreseeable future.
            (2) Because the world political situation is ever-changing 
        and dangerous, it is imperative that the United States remain 
        strong militarily and continue to be a nuclear superpower.
            (3) It is imperative that portions of the Nevada Test Site 
        be maintained in a full state of readiness to ensure the 
        capability of the nuclear arsenal of the United States.
            (4) The Nevada Test Site is in a beneficial location for 
        activities suitable for research and development of emerging 
        technologies that will be important to the United States in the 
        21st century.
            (5) Technology development carried out at the Nevada Test 
        Site should include both private-sector and military projects.
            (6) The Nevada Test Site can support the stewardship of the 
        Nation's nuclear weapons stockpile, the nonproliferation of 
        nuclear weapons, and the technological competitiveness of the 
        United States by providing the environment for nuclear and non-
        nuclear test and demonstration experiments and projects for 
        government, industry, and academia.
            (7) The Nevada Test Site can provide the infrastructure to 
        support industrial and civilian tests of environmentally 
        demanding projects and programs in addition to maintaining its 
        readiness capability in support of the nuclear arsenal.
            (8) The Nevada Test Site can support the testing and 
        demonstration of environmental clean-up technologies by 
        government and industry.
            (9) The Nevada Test Site can support the testing of 
        alternative and renewable energy sources for environmentally 
        clean and economically competitive replacements for traditional 
        fossil energy sources and uses in many parts of Nevada and in 
        the United States as a whole.
            (10) The Nevada Test Site can provide support for 
        disarmament activities such as the demonstration of rocket 
        motor destruction technology and conventional munitions 
        destruction technology.
            (11) The Nevada Test Site can support non-proliferation 
        experiments in disablement, nuclear forensics, sensors, and 
        verification and monitoring.
            (12) The Nevada Test Site can support treaty-compliant 
        experiments for stockpile stewardship purposes.
            (13) The size and remoteness of the Nevada Test Site make 
        the Nevada Test Site well-suited for a multitude of activities 
        associated with the restructuring of the United States 
        military.
            (14) The Nevada Test Site can also support non-
        proliferation, counter-proliferation, and counter-terrorism 
        activities.

SEC. 3. PURPOSES.

    It is the purpose of this Act--
            (1) to ensure full operational readiness of the underground 
        nuclear testing facilities and infrastructure of the Nevada 
        Test Site;
            (2) to ensure an appropriate level of funds for such 
        readiness to be maintained;
            (3) to create a National Test and Demonstration Center of 
        Excellence at the Nevada Test Site for the promotion of 
        disarmament, demilitarization, alternative and renewable energy 
        sources, the nonproliferation of nuclear weapons, counter-
        proliferation of nuclear weapons, sensor development, and 
        environmentally sensitive technologies; and
            (4) to ensure the availability of the Nevada Test Site, 
        within appropriate restrictions, for use by private-sector 
        industries seeking to make use of the inherent qualities that 
        make the Nevada Test Site the greatest outdoor laboratory in 
        the world.

SEC. 4. MAINTENANCE OF READINESS CAPABILITY OF NEVADA TEST SITE.

    (a) Authorization of Appropriations.--
            (1) In general.--The amount referred to in paragraph (2) is 
        hereby authorized to be appropriated to the Secretary of Energy 
        for fiscal year 1995 and each fiscal year thereafter to 
        maintain the operational readiness of the underground nuclear 
        testing facilities and infrastructure of the Nevada Test Site.
            (2) Authorized amount.--The amount referred to in paragraph 
        (1) is not less than the amount appropriated to the Secretary 
        of Energy for fiscal year 1992 to maintain the operational 
        readiness of the underground nuclear testing facilities and 
        infrastructure of the Nevada Test Site.
    (b) Staffing Levels.--The Secretary of Energy shall maintain a 
staffing level at the Nevada Test Site that the Secretary considers 
sufficient to carry out activities under this Act in addition to any 
other activities conducted by the Department of Energy at the Nevada 
Test Site.
    (c) Infrastructure Assessments and Activities.--The Secretary of 
Energy, through the Nevada Test Site Operations Office, shall carry out 
any infrastructure assessments and activities necessary to accommodate 
new projects and initiatives at the Nevada Test Site.

SEC. 5. NATIONAL TEST AND DEMONSTRATION CENTER OF EXCELLENCE.

    (a) Establishment.--There is hereby established within the 
Department of Energy a National Test and Demonstration Center of 
Excellence (hereafter in this Act referred to as the ``Center''), to be 
located at the Nevada Test Site, Nevada.
    (b) Purpose.--It shall be the purpose of the Center to promote 
disarmament, demilitarization, alternative and renewable energy 
sources, the nonproliferation of nuclear weapons, counter-proliferation 
of nuclear weapons, sensor development, and environmentally sensitive 
technologies.
    (c) Activities Related to Alternative and Renewable Energy 
Sources.--The Center shall carry out the following testing and 
demonstration activities that are related to alternative and renewable 
energy sources:
            (1) The characterization of solar and geothermal resources 
        at the Nevada Test Site.
            (2) The development of alternative and renewable energy 
        sources, including, as a goal of the Center, the development 
        and completion of two 100-megawatt solar power plants by the 
        year 2000.
            (3) The conduct of a National Alternative-Fueled Vehicles 
        Program, the objective of which shall be to demonstrate the 
        regional use of natural gas, electricity, and hydrogen as 
        vehicle fuels.
    (d) Activities Related to Disarmament and Demilitarization.--The 
Center shall carry out testing and demonstration activities that are 
related to changes occurring in United States military as a result of 
the end of the Cold War, including activities--
            (1) that involve the demilitarization of large rocket motor 
        and conventional ordnance;
            (2) that assist in disarmament and demilitarization, 
        generally; and
            (3) that test and demonstrate the nonmilitary application 
        of technologies and resources the military application of which 
        has decreased or otherwise changed due to disarmament and 
        demilitarization.
    (e) Activities Related to Nuclear Stockpile Stewardship.--The 
Center shall carry out testing and demonstration activities related to 
the stewardship of the nuclear stockpile of the United States. Such 
activities shall include--
            (1) the conduct of experiments that assist in monitoring 
        compliance with international agreements on the 
        nonproliferation of nuclear weapons;
            (2) the provision of support to the Department of Energy 
        nuclear weapons complex;
            (3) the conduct of programs for the Department of Energy 
        and the Department of Defense to develop simulator technologies 
        for nuclear weapons design and effects, including advanced 
        hydrodynamic simulators, inertial confinement fusion test 
        facilities, and nuclear weapons effects simulators; and
            (4) the conduct of the stockpile stewardship program 
        established pursuant to section 3138 of the National Defense 
        Authorization Act for Fiscal Year 1994 (107 Stat. 1946; Public 
        Law 103-160).
    (f) Activities Related to Nonproliferation.--The Center shall carry 
out experiments related to the non-proliferation of nuclear weapons, 
including experiments with respect to disablement, nuclear forensics, 
sensors, and verification and monitoring.
    (g) Activities Related to Counter-Proliferation.--The Center shall 
carry out experiments related to the counter-proliferation of nuclear 
weapons.
    (h) Activities Related to Environmental Technologies.--The Center 
shall carry out testing and demonstration activities related to the 
development of environmental technologies, including--
            (1) the demonstration of technologies concerning the 
        remediation of toxic and hazardous chemicals; and
            (2) the conduct of training activities pertaining to 
        emergency response to hazardous and toxic accidents and 
        emergencies.
    (i) Other Activities.--The Center may carry out the testing and 
demonstration of any other technology which, in the determination of 
the Secretary of Energy, is appropriate for testing and demonstration 
at the Nevada Test Site.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

    Except as provided in section 4, there is authorized to be 
appropriated to the Secretary of Energy for fiscal year 1997 such sums 
as may be necessary to carry out this Act.
[A]: National Center for Excellence in Research and Development Act of 1996 - Authorizes appropriations to the Secretary of Energy for FY 1995 and beyond to maintain the operational readiness of the underground nuclear testing facilities and infrastructure of the Nevada Test Site. 
Establishes within the Department of Energy a national Test and Demonstration Center of Excellence at the Nevada Test Site, Nevada, to implement testing and demonstration activities related to:  (1) certain alternative and renewable energy sources, including solar and geothermal energy, as well as natural gas, electricity, and hydrogen as components of a National Alternative-Fueled Vehicles Program; (2) certain changes in the U.S. military as a result of the end of the Cold War, including demilitarization and disarmament activities and the nonmilitary application of military technologies and resources; (3) stewardship of the Federal nuclear stockpile; (4) non-proliferation and counter-proliferation of nuclear weapons; and (5) development of certain environmental technologies, including technologies for remediation of toxic and hazardous chemicals, and activities pertaining to emergency response to hazardous and toxic accidents.


[Q]: SECTION 1. NATIONAL OILHEAT RESEARCH ALLIANCE ACT OF 2000.

    (a) Findings.--Section 702 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended by striking ``oilheat'' each place it appears and inserting 
``oilheat fuel''.
    (b) Definitions.--Section 703 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended--
            (1) by striking ``oilheat'' each place it appears (other 
        than paragraph (10)) and inserting ``oilheat fuel'';
            (2) by striking paragraph (7) and inserting the following:
            ``(7) Oilheat fuel.--The term `oilheat fuel' means 
        distillate liquid that is used as a fuel for nonindustrial 
        commercial or residential space or hot water heating.'';
            (3) in paragraph (8), by striking ``Oilheat'' and inserting 
        ``Oilheat fuel'';
            (4) in paragraph (14)--
                    (A) by striking ``No. 1 distillate or No. 2 dyed 
                distillate'' each place it appears and inserting 
                ``distillate liquid''; and
                    (B) in subparagraph (B), by striking ``sells the 
                distillate'' and inserting ``sells the distillate 
                liquid'';
            (5) by redesignating paragraphs (3) through (13) and (14) 
        as paragraphs (4) through (14) and (16), respectively, and 
        moving paragraph (16) (as so redesignated) to appear after 
        paragraph (15); and
            (6) by inserting after paragraph (2) the following:
            ``(3) Distillate liquid.--The term `distillate liquid' 
        means--
                    ``(A) No. 1 distillate;
                    ``(B) No. 2 dyed distillate; or
                    ``(C) a liquid blended with No. 1 distillate or No. 
                2 dyed distillate.''.
    (c) Referenda.--Section 704 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended--
            (1) by striking ``oilheat'' each place it appears and 
        inserting ``oilheat fuel'';
            (2) by striking ``No. 1 distillate and No. 2 dyed 
        distillate'' each place it appears in subsections (a) and (c) 
        and inserting ``distillate liquid'';
            (3) in subsection (a)--
                    (A) in paragraph (5)(B), by striking ``Except as 
                provided in subsection (b), the'' and inserting 
                ``The''; and
                    (B) in paragraph (6), by striking ``, No. 1 
                distillate, or No. 2 dyed distillate'' and inserting 
                ``or distillate liquid''; and
            (4) in subsection (b), by striking ``under'' and inserting 
        ``consistent with''.
    (d) Membership.--Section 705 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended--
            (1) by striking ``oilheat'' each place it appears and 
        inserting ``oilheat fuel'';
            (2) in subsection (b)(2), by striking ``No. 1 distillate 
        and No. 2 dyed distillate'' and inserting ``distillate 
        liquid''; and
            (3) by striking subsection (c) and inserting the following:
    ``(c) Number of Members.--
            ``(1) In general.--The membership of the Alliance shall be 
        as follows:
                    ``(A) 1 member representing each State 
                participating in the Alliance.
                    ``(B) 5 representatives of retail marketers, of 
                whom 1 shall be selected by each of the qualified State 
                associations of the 5 States with the highest volume of 
                annual oilheat fuel sales.
                    ``(C) 5 additional representatives of retail 
                marketers.
                    ``(D) 21 representatives of wholesale distributors.
                    ``(E) 6 public members, who shall be 
                representatives of significant users of oilheat fuel, 
                the oilheat fuel research community, State energy 
                officials, or other groups with expertise in oilheat 
                fuel.
            ``(2) Full-time owners or employees.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), other than the public members of the 
                Alliance, Alliance members shall be full-time 
                managerial owners or employees of members of the 
                oilheat fuel industry.
                    ``(B) Employees.--Members described in 
                subparagraphs (B), (C), and (D) of paragraph (1) may be 
                employees of the qualified industry organization or an 
                industry trade association.''.
    (e) Functions.--Section 706 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended by striking ``oilheat'' each place it appears and inserting 
``oilheat fuel''.
    (f) Assessments.--Section 707 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended--
            (1) by striking ``oilheat'' each place it appears and 
        inserting ``oilheat fuel'';
            (2) by striking subsection (a) and inserting the following:
    ``(a) Rate.--
            ``(1) In general.--The assessment rate for calendar years 
        2008 and 2009 shall be equal to \2/10\ of 1 cent per gallon of 
        distillate liquid.
            ``(2) Subsequent assessments.--Subject to paragraphs (3) 
        and (4), beginning with calendar year 2010, the annual 
        assessment rate shall be sufficient to cover the costs of the 
        plans and programs developed by the Alliance.
            ``(3) Maximum rate.--The annual assessment rate shall not 
        exceed \1/2\ of 1 cent per gallon of distillate liquid.
            ``(4) Limitations on increase.--
                    ``(A) In general.--The annual assessment shall not 
                be increased by more than \1/2\ of 1 cent per gallon in 
                any 1 year.
                    ``(B) Approval.--No increase in the assessment may 
                occur unless the increase is approved by \2/3\ of the 
                members voting at a regularly scheduled meeting of the 
                Alliance.
                    ``(C) Notice.--The Alliance shall provide notice of 
                a change in assessment at least 90 days before the date 
                on which the change is to take effect.'';
            (3) in subsection (b)--
                    (A) by striking ``No. 1 distillate or No. 2 dyed 
                distillate'' each place it appears and inserting 
                ``distillate liquid''; and
                    (B) in paragraphs (2)(B) and (5)(B), by striking 
                ``fuel'' each place it appears and inserting 
                ``distillate liquid''; and
            (4) in subsection (c), by striking ``No. 1 distillate and 
        No. 2 dyed distillate'' and inserting ``Distillate liquid''.
    (g) Market Survey and Consumer Protection.--Section 708 of the 
National Oilheat Research Alliance Act of 2000 (42 U.S.C. 6201 note; 
Public Law 106-469) is amended by striking ``oilheat'' each place it 
appears and inserting ``oilheat fuel''.
    (h) Violations.--Section 712(a) of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
amended--
            (1) in paragraph (2), by striking ``oilheat'' and inserting 
        ``oilheat fuel''; and
            (2) by striking paragraph (3) and inserting the following:
            ``(3) a direct reference to a competing product.''.
    (i) Repeal of Sunset.--Section 713 of the National Oilheat Research 
Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is 
repealed.
[A]: Amends the National Oilheat Research Alliance Act of 2000 to adjust its focus upon oilheat to a focus upon oilheat fuel.

Defines "oilheat fuel" as distillate liquid used as a fuel for nonindustrial commercial or residential space or hot water heating.

Makes technical and conforming amendments.

Revises the membership of the National Oilheat Research Alliance. Provides that, other than the public members of the Alliance, members shall be full-time managerial owners or employees of members of the oilheat fuel industry.

Revises assessment requirements. States that the assessment rate for calendar years 2008 and 2009 shall be equal to two-tenths of 1% per gallon of distillate liquid (currently, No. 1 distillate and No. 2 dyed distillate).

Declares that, beginning with calendar year 2010, the annual assessment rate shall be sufficient to cover the costs of the plans and programs developed by the Alliance.

Sets forth: (1) a maximum assessment rate; and (2) limitations on any assessment increase.

Prohibits any consumer education activity undertaken with funds derived from Alliance assessments from including a direct reference to a competing product.

Repeals the termination date for the Act (thus making it permanent).


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Katrina Housing Tax Relief Act of 
2007''.

SEC. 2. EXTENSION AND EXPANSION OF LOW-INCOME HOUSING CREDIT RULES FOR 
              BUILDINGS IN THE GO ZONES.

    (a) Time for Making Low-Income Housing Credit Allocations.--
Subsection (c) of section 1400N of the Internal Revenue Code of 1986 
(relating to low-income housing credit) is amended by redesignating 
paragraph (5) as paragraph (6) and by inserting after paragraph (4) the 
following new paragraph:
            ``(5) Time for making low-income housing credit 
        allocations.--Section 42(h)(1)(B) shall not apply to an 
        allocation of housing credit dollar amount to a building 
        located in the Gulf Opportunity Zone, the Rita GO Zone, or the 
        Wilma GO Zone, if such allocation is made in 2006, 2007, or 
        2008, and such building is placed in service before January 1, 
        2011.''.
    (b) Extension of Period for Treating GO Zones as Difficult 
Development Areas.--
            (1) In general.--Subparagraph (A) of section 1400N(c)(3) of 
        such Code is amended by striking ``2006, 2007, or 2008'' and 
        inserting ``the period beginning on January 1, 2006, and ending 
        on December 31, 2010''.
            (2) Conforming amendment.--Clause (ii) of section 
        1400N(c)(3)(B) of such Code is amended by striking ``such 
        period'' and inserting ``the period described in subparagraph 
        (A)''.
    (c) Community Development Block Grants Not Taken Into Account in 
Determining if Buildings Are Federally Subsidized.--Subsection (c) of 
section 1400N of such Code (relating to low-income housing credit), as 
amended by this Act, is amended by redesignating paragraph (6) as 
paragraph (7) and by inserting after paragraph (5) the following new 
paragraph:
            ``(6) Community development block grants not taken into 
        account in determining if buildings are federally subsidized.--
        For purpose of applying section 42(i)(2)(D) to any building 
        which is placed in service in the Gulf Opportunity Zone, the 
        Rita GO Zone, or the Wilma GO Zone during the period beginning 
        on January 1, 2006, and ending on December 31, 2010, a loan 
        shall not be treated as a below market Federal loan solely by 
        reason of any assistance provided under section 106, 107, or 
        108 of the Housing and Community Development Act of 1974 by 
        reason of section 122 of such Act or any provision of the 
        Department of Defense Appropriations Act, 2006, or the 
        Emergency Supplemental Appropriations Act for Defense, the 
        Global War on Terror, and Hurricane Recovery, 2006.''.

SEC. 3. SPECIAL TAX-EXEMPT BOND FINANCING RULE FOR REPAIRS AND 
              RECONSTRUCTIONS OF RESIDENCES IN THE GO ZONES.

    Subsection (a) of section 1400N of the Internal Revenue Code of 
1986 (relating to tax-exempt bond financing) is amended by adding at 
the end the following new paragraph:
            ``(7) Special rule for repairs and reconstructions.--
                    ``(A) In general.--For purposes of section 143 and 
                this subsection, any qualified GO Zone repair or 
                reconstruction shall be treated as a qualified 
                rehabilitation.
                    ``(B) Qualified go zone repair or reconstruction.--
                For purposes of subparagraph (A), the term `qualified 
                GO Zone repair or reconstruction' means any repair of 
                damage caused by Hurricane Katrina, Hurricane Rita, or 
                Hurricane Wilma to a building located in the Gulf 
                Opportunity Zone, the Rita GO Zone, or the Wilma GO 
                Zone (or reconstruction of such building in the case of 
                damage constituting destruction) if the expenditures 
                for such repair or reconstruction are 25 percent or 
                more of the mortgagor's adjusted basis in the 
                residence. For purposes of the preceding sentence, the 
                mortgagor's adjusted basis shall be determined as of 
                the completion of the repair or reconstruction or, if 
                later, the date on which the mortgagor acquires the 
                residence.
                    ``(C) Termination.--This paragraph shall apply only 
                to owner-financing provided after the date of the 
                enactment of this paragraph and before January 1, 
                2011.''.

SEC. 4. GAO STUDY OF PRACTICES EMPLOYED BY STATE AND LOCAL GOVERNMENTS 
              IN ALLOCATING AND UTILIZING TAX INCENTIVES PROVIDED 
              PURSUANT TO THE GULF OPPORTUNITY ZONE ACT OF 2005.

    (a) In General.--The Comptroller General of the United States shall 
conduct a study of the practices employed by State and local 
governments, and subdivisions thereof, in allocating and utilizing tax 
incentives provided pursuant to the Gulf Opportunity Zone Act of 2005 
and this Act.
    (b) Submission of Report.--Not later than one year after the date 
of the enactment of this Act, the Comptroller General shall submit a 
report on the findings of the study conducted under subsection (a) and 
shall include therein recommendations (if any) relating to such 
findings. The report shall be submitted to the Committee on Ways and 
Means of the House of Representatives and the Committee on Finance of 
the Senate.
    (c) Congressional Hearings.--In the case that the report submitted 
under this section includes findings of significant fraud, waste or 
abuse, each Committee specified in subsection (b) shall, within 60 days 
after the date the report is submitted under subsection (b), hold a 
public hearing to review such findings.

SEC. 5. MODIFICATION OF COLLECTION DUE PROCESS PROCEDURES FOR 
              EMPLOYMENT TAX LIABILITIES.

    (a) In General.--Section 6330(f) of the Internal Revenue Code of 
1986 (relating to jeopardy and State refund collection) is amended--
            (1) by striking ``; or'' at the end of paragraph (1) and 
        inserting a comma,
            (2) by adding ``or'' at the end of paragraph (2), and
            (3) by inserting after paragraph (2) the following new 
        paragraph:
            ``(3) the Secretary has served a disqualified employment 
        tax levy,''.
    (b) Disqualified Employment Tax Levy.--Section 6330 of such Code 
(relating to notice and opportunity for hearing before levy) is amended 
by adding at the end the following new subsection:
    ``(h) Disqualified Employment Tax Levy.--For purposes of subsection 
(f), a disqualified employment tax levy is any levy in connection with 
the collection of employment taxes for any taxable period if--
            ``(1) the person subject to the levy (or any predecessor 
        thereof) requested a hearing under this section with respect to 
        unpaid employment taxes arising in the most recent 2-year 
        period before the beginning of the taxable period with respect 
        to which the levy is served, and
            ``(2) such levy is served before February 29, 2016.
For purposes of the preceding sentence, the term `employment taxes' 
means any taxes under chapter 21, 22, 23, or 24.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to levies served on or after the date that is 120 days after the 
date of the enactment of this Act.

SEC. 6. TIME FOR PAYMENT OF CORPORATE ESTIMATED TAXES.

    Subparagraph (B) of section 401(1) of the Tax Increase Prevention 
and Reconciliation Act of 2005 is amended by striking ``106.25 
percent'' and inserting ``106.45 percent''.

            Passed the House of Representatives March 27, 2007.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.
[A]:
Katrina Housing Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) qualify certain buildings in the Gulf Opportunity Zone, the Rita Go Zone, and the Wilma GO Zone (GO Zones) placed in service before 2011 for the housing tax credit without regard to certain otherwise applicable restrictions if such buildings receive (or received) a state or local housing credit allocation in 2006, 2007, or 2008; (2) extend through 2010 the treatment of such Go Zones as difficult development areas for purposes of the increased housing tax credit; (3) exclude certain assistance provided under the Housing and Community Development Act of 1974 (e.g., community development block grants), the Department of Defense Appropriations Act, 2006, or the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006, in determining whether Go Zone buildings eligible for the housing tax credit are federally subsidized and therefore subject to limitations on such tax credit; and (4) treat qualified GO Zone repair and reconstruction loans provided prior to January 1, 2011, as qualified rehabilitation loans for purposes of the tax exemption for exempt facility and mortgage bonds.

Directs the Comptroller General to study and report to the House Ways and Means Committee and the Senate Finance Committee on state and local practices in allocating and utilizing tax incentives provided by this Act. Requires such committees to hold public hearings if the report includes findings of significant fraud, waste or abuse.

Denies a pre-levy hearing to taxpayers upon whom the Secretary of the Treasury has served a disqualified employment tax levy. Defines a "disqualified employment tax levy" as any levy in connection with the collection of employment taxes if: (1) the person subject to the levy requested a hearing with respect to unpaid employment taxes arising in the most recent two-year period before the beginning of the taxable period with respect to which the levy is served; and (2) such levy is served before February 29, 2016.

Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase from 106.25% to 106.45% the estimated tax rate in the third quarter of 2012 for corporations with assets of not less than $1 billion.