In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Example: SECTION 1. LIABILITY OF BUSINESS ENTITIES PROVIDING USE OF FACILITIES
TO NONPROFIT ORGANIZATIONS.

(a) Definitions.--In this section:
(1) Business entity.--The term ''business entity'' means a
firm, corporation, association, partnership, consortium, joint
venture, or other form of enterprise.
(2) Facility.--The term ''facility'' means any real
property, including any building, improvement, or appurtenance.
(3) Gross negligence.--The term ''gross negligence'' means
voluntary and conscious conduct by a person with knowledge (at
the time of the conduct) that the conduct is likely to be
harmful to the health or well-being of another person.
(4) Intentional misconduct.--The term ''intentional
misconduct'' means conduct by a person with knowledge (at the
time of the conduct) that the conduct is harmful to the health
or well-being of another person.
(5) Nonprofit organization.--The term ''nonprofit
organization'' means--
(A) any organization described in section 501(c)(3)
of the Internal Revenue Code of 1986 and exempt from
tax under section 501(a) of such Code; or
(B) any not-for-profit organization organized and
conducted for public benefit and operated primarily for
charitable, civic, educational, religious, welfare, or
health purposes.
(6) State.--The term ''State'' means each of the several
States, the District of Columbia, the Commonwealth of Puerto
Rico, the Virgin Islands, Guam, American Samoa, the Northern
Mariana Islands, any other territory or possession of the
United States, or any political subdivision of any such State,
territory, or possession.
(b) Limitation on Liability.--
(1) In general.--Subject to subsection (c), a business
entity shall not be subject to civil liability relating to any
injury or death occurring at a facility of the business entity
in connection with a use of such facility by a nonprofit
organization if--
(A) the use occurs outside of the scope of business
of the business entity;
(B) such injury or death occurs during a period
that such facility is used by the nonprofit
organization; and
(C) the business entity authorized the use of such
facility by the nonprofit organization.
(2) Application.--This subsection shall apply--
(A) with respect to civil liability under Federal
and State law; and
(B) regardless of whether a nonprofit organization
pays for the use of a facility.
(c) Exception for Liability.--Subsection (b) shall not apply to an
injury or death that results from an act or omission of a business
entity that constitutes gross negligence or intentional misconduct,
including any misconduct that--
(1) constitutes a crime of violence (as that term is
defined in section 16 of title 18, United States Code) or act
of international terrorism (as that term is defined in section
2331 of title 18) for which the defendant has been convicted in
any court;
(2) constitutes a hate crime (as that term is used in the
Hate Crime Statistics Act (28 U.S.C. 534 note));
(3) involves a sexual offense, as defined by applicable
State law, for which the defendant has been convicted in any
court; or
(4) involves misconduct for which the defendant has been
found to have violated a Federal or State civil rights law.
(d) Superseding Provision.--
(1) In general.--Subject to paragraph (2) and subsection
(e), this Act preempts the laws of any State to the extent that
such laws are inconsistent with this Act, except that this Act
shall not preempt any State law that provides additional
protection from liability for a business entity for an injury
or death with respect to which conditions under subparagraphs
(A) through (C) of subsection (b)(1) apply.
(2) Limitation.--Nothing in this Act shall be construed to
supersede any Federal or State health or safety law.
(e) Election of State Regarding Nonapplicability.--This Act shall
not apply to any civil action in a State court against a business
entity in which all parties are citizens of the State if such State
enacts a statute--
(1) citing the authority of this subsection;
(2) declaring the election of such State that this Act
shall not apply to such civil action in the State; and
(3) containing no other provision.
Example solution: Shields a business entity from civil liability relating to any injury or death occurring at a facility of that entity in connection with a use of such facility by a nonprofit organization if: (1) the use occurs outside the scope of business of the business entity; (2) such injury or death occurs during a period that such facility is used by such organization; and (3) the business entity authorized the use of such facility by the organization.
Makes this Act inapplicable to an injury or death that results from an act or omission of a business entity that constitutes gross negligence or intentional misconduct, including misconduct that: (1) constitutes a hate crime or a crime of violence or act of international terrorism for which the defendant has been convicted in any court; or (2) involves a sexual offense for which the defendant has been convicted in any court or misconduct for which the defendant has been found to have violated a Federal or State civil rights law.
Preempts State laws to the extent that such laws are inconsistent with this Act, except State law that provides additional protection from liability. Specifies that this Act shall not be construed to supersede any Federal or State health or safety law.
Makes this Act inapplicable to any civil action in a State court against a business entity in which all parties are citizens of the State if such State, citing this Act's authority and containing no other provision, enacts a statute declaring the State's election that this Act shall not apply to such action in the State.
Example explanation: This Bill focuses on shielding business entities from civil liability relating to an injury or death depending on the conditions of injury, hence the generated summary is correct.

Problem: SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

(a) Short Title.--This Act may be cited as the ''American Jobs
Act''.
(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.

SEC. 2. TAXATION OF INCOME OF CONTROLLED FOREIGN CORPORATIONS
ATTRIBUTABLE TO IMPORTED PROPERTY.

(a) General Rule.--Subsection (a) of section 954 (defining foreign
base company income) is amended by striking ''and'' at the end of
paragraph (4), by striking the period at the end of paragraph (5) and
inserting '', and'', and by adding at the end the following new
paragraph:
''(6) imported property income for the taxable year
(determined under subsection (h) and reduced as provided in
subsection (b)(5)).''
(b) Definition of Imported Property Income.--Section 954 is amended
by adding at the end the following new subsection:
''(h) Imported Property Income.--
''(1) In general.--For purposes of subsection (a)(6), the
term 'imported property income' means income (whether in the
form of profits, commissions, fees, or otherwise) derived in
connection with--
''(A) manufacturing, producing, growing, or
extracting imported property,
''(B) the sale, exchange, or other disposition of
imported property, or
''(C) the lease, rental, or licensing of imported
property.
Such term shall not include any foreign oil and gas extraction
income (within the meaning of section 907(c)) or any foreign
oil related income (within the meaning of section 907(c)).
''(2) Imported property.--For purposes of this subsection--
''(A) In general.--Except as otherwise provided in
this paragraph, the term 'imported property' means
property which is imported into the United States by
the controlled foreign corporation or a related person.
''(B) Imported property includes certain property
imported by unrelated persons.--The term 'imported
property' includes any property imported into the
United States by an unrelated person if, when such
property was sold to the unrelated person by the
controlled foreign corporation (or a related person),
it was reasonable to expect that--
''(i) such property would be imported into
the United States, or
''(ii) such property would be used as a
component in other property which would be
imported into the United States.
''(C) Exception for property subsequently
exported.--The term 'imported property' does not
include any property which is imported into the United
States and which--
''(i) before substantial use in the United
States, is sold, leased, or rented by the
controlled foreign corporation or a related
person for direct use, consumption, or
disposition outside the United States, or
''(ii) is used by the controlled foreign
corporation or a related person as a component
in other property which is so sold, leased, or
rented.
''(3) Definitions and special rules.--
''(A) Import.--For purposes of this subsection, the
term 'import' means entering, or withdrawal from
warehouse, for consumption or use. Such term includes
any grant of the right to use an intangible (as defined
in section 936(b)(3)(B)) in the United States.
''(B) Unrelated person.--For purposes of this
subsection, the term 'unrelated person' means any
person who is not a related person with respect to the
controlled foreign corporation.
''(C) Coordination with foreign base company sales
income.--For purposes of this section, the term
'foreign base company sales income' shall not include
any imported property income.''
(c) Separate Application of Limitations on Foreign Tax Credit for
Imported Property Income.--
(1) In general.--Paragraph (1) of section 904(d) (relating
to separate application of section with respect to certain
categories of income) is amended by striking ''and'' at the end
of subparagraph (H), by redesignating subparagraph (I) as
subparagraph (J), and by inserting after subparagraph (H) the
following new subparagraph:
''(I) imported property income, and''.
(2) Imported property income defined.--Paragraph (2) of
section 904(d) is amended by redesignating subparagraphs (H)
and (I) as subparagraphs (I) and (J), respectively, and by
inserting after subparagraph (G) the following new
subparagraph:
''(H) Imported property income.--The term 'imported
property income' means any income received or accrued
by any person which is of a kind which would be
imported property income (as defined in section
954(h)).''
(3) Look-thru rules to apply.--Subparagraph (F) of section
904(d)(3) is amended by striking ''or (E)'' and inserting
''(E), or (H)''.
(d) Technical Amendments.--
(1) Clause (iii) of section 952(c)(1)(B) (relating to
certain prior year deficits may be taken into account) is
amended by inserting the following subclause after subclause
(II) (and by redesignating the following subclauses
accordingly):
''(III) imported property income,''.
(2) Paragraph (5) of section 954(b) (relating to deductions
to be taken into account) is amended by striking ''and the
foreign base company oil related income'' and inserting ''the
foreign base company oil related income, and the imported
property income''.
(e) Effective Date.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to taxable years of
foreign corporations beginning after December 31, 1995, and to
taxable years of United States shareholders within which or
with which such taxable years of such foreign corporations end.
(2) Subsection (c).--The amendments made by subsection (c)
shall apply to taxable years beginning after December 31, 1995.

SEC. 3. REFUNDABLE CREDIT FOR NEW EMPLOYEES.

(a) In General.--Subpart C of part IV of subchapter A of chapter 1
(relating to refundable credits) is amended by redesignating section 35
as section 36 and by inserting after section 34 the following new
section:

''SEC. 35. CREDIT FOR NEW EMPLOYEES.

''(a) Allowance of Credit.--There shall be allowed as a credit
against the tax imposed by this subtitle for any taxable year an amount
equal to 20 percent of the qualified social security taxes paid or
incurred by the taxpayer during the taxable year.
''(b) Qualified Social Security Taxes.--For purposes of this
section--
''(1) In general.--The term 'qualified social security
taxes' means the amount of taxes imposed by section 3111(a)
with respect to wages of an employee for employment during the
2-year period beginning with the day the employee begins work
for the employer.
''(2) Application to railroad retirement.--Such term shall
also include taxes imposed by section 3221(a) with respect to
compensation during such 2-year period but only to the extent
attributable to the rate of tax in effect under section
3111(a).
''(3) Exception for employment outside the united states.--
Such term shall not include taxes paid with respect to
employment described in section 3121(b)(B) (relating to
employment outside the United States by citizens and
residents).
''(c) Certain Employees Ineligible.--
''(1) Overall employment must increase.--
''(A) In general.--An employer may take into
account for purposes of this section only that number
of employees hired by the employer during a taxable
year which does not exceed the number of employees
determined under subparagraph (B). The employer shall
designate which employees shall be taken into account.
Such designation shall apply for such taxable year and
any succeeding taxable year.
''(B) Maximum number of employees.--For purposes of
subparagraph (A), the number of employees determined
under this subparagraph for a taxable year is an amount
equal to the excess (if any) of--
''(i) the average daily number of full-time
equivalent employees of the taxpayer for such
taxable year, over
''(ii) the average daily number of full-
time equivalent employees of the taxpayer (or
any predecessor) for the 3-taxable-year period
immediately preceding such taxable year.
''(2) Other ineligible employees.--Qualified social
security taxes paid with respect to any employee shall not be
taken into account under subsection (a) if such employee--
''(A) is a member of a targeted group with respect
to whom the employer has taken into account wages in
determining the amount of the targeted jobs credit
under section 51,
''(B) is described in paragraph (1) of section
51(i) (relating to related individuals), or
''(C) is employed by the employer for less than 120
days or has not completed at least 120 hours of
service.
''(d) Other Special Rules.--For purposes of this section--
''(1) Controlled groups.--All employers treated as a single
employer under subsection (a) or (b) of section 52 shall be
treated as a single employer.
''(2) Other rules.--Rules similar to the rules of section
51(k) and subsections (c), (d), and (e) of section 52 shall
apply.''
(b) Conforming Amendments.--The table of sections for subpart C of
part IV of subchapter A of chapter 1 is amended by striking the item
relating to section 35 and inserting the following new items:

''Sec. 35. Credit for new employees.
''Sec. 36. Overpayments of tax.''
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 1995.

SEC. 4. REPORT ON ELIMINATION OF BUSINESS TAX PREFERENCES.

The Secretary of the Treasury shall, as soon as practicable after
the date of the enactment of this Act, report to the Committee on Ways
and Means of the House of Representatives and the Committee on Finance
of the Senate recommendations as to the elimination of, or changes in,
business tax preferences. Such recommendations shall provide an
increase in Federal revenues sufficient to offset any overall decrease
in Federal revenues under the other provisions of this Act.
Solution: American Jobs Act - Amends the Internal Revenue Code to include imported property income of a controlled foreign corporation within the sums added together to compute foreign base company income. Defines imported income property to include, among other things, income from manufacturing, growing, selling, renting, or leasing imported property, but exempts any foreign oil and gas income or any foreign oil-related income. Provides for a separate application of limitations on the foreign tax credit for imported property income.
Allows an employer a credit against tax, during the two-year period beginning with the day an employee starts work, equal to 20 percent of the qualified social security taxes paid or incurred by the employer for such new employee.
Directs the Secretary of the Treasury to report to the Committee on Ways and Means and the Committee on Finance recommendations on the elimination of, or changes in, business tax preferences.