,,ii  #aac? ,,congress  #a/ ,session    
,s4 #ahee  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ah1 #bjac,mr4
 ,c>d9 7= himself & ,mr4 ,rob]ts7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to make p]man5t ! 
r$uc$ recognition p]iod = built-9 ga9s =
 ,s corporations4  #a4 ,r$uc$           
recognition p]iod = built-9 ga9s made   
p]man5t  7a7 ,9 g5]al ,p>agraph 7#g7 (  
section #acgd7;d7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$-- 7#a7 by /rik+  
subp>agraphs 7,a71 7,b71 7,c71 & 7,d71  
7#b7 by r$esignat+ subp>agraph 7,e7 z   
subp>agraph 7,b71 &  7#c7 by ins]t+ be=e
 subp>agraph 7,b7 7z s r$esignat$7 !    
foll[+ new subp>agraph3  7,a7 ,9 g5]al  
,! t]m recognition p]iod means ! #e-ye> 
p]iod beg9n+ ) ! #a/ day ( ! #a/ taxable
 ye> = :i* ! corporation 0 an ,s        
corporation4 ,= purposes ( apply+ ?is   
section to any am\nt includible 9 income
 by reason ( di/ributions to %>ehold]s  

pursuant to section #eic7;e71 ! prec$+  
s5t5ce %all be appli$ )\t reg>d to !    
phrase #e-ye>4  4  7b7 ,effective date  
,! am5dm5t made by ?is section %all     
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjac4