,,ii ,calendar ,no4 #cff #aacth ,,congress #b;d ,session ,s4 #bbfj ,report ,no4 #aac-aed ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #bh1 #bjad ,mr4 ,wyden1 from the ,committee on ,finance1 reported the following original bill2 which was read twice and placed on the calendar ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to extend certain expiring provisions1 and for other purposes4 #a4 ,short title1 etc 7a7 ,short title ,this ,act may be cited as the ,expiring ,provisions ,improvement1 ,reform1 and ,efficiency ,act of #bjad or the ,,expire ,act of #bjad4 7b7 ,amendment of #aihf ,code ,except as otherwise expressly provided1 whenever in this ,act an amendment or repeal is expressed in terms of an amendment to1 or repeal of1 a section or other provision1 the reference shall be considered to be made to a section or other provision of the ,internal ,revenue ,code of #aihf4 7c7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title1 etc4 ,sec4 #b4 ,sense of the ,senate4 ,,title ,i--,provisions expiring in #bjac ,subtitle ,a--,individual tax extenders ,sec4 #aja4 ,extension of health care tax credit4 ,sec4 #ajb4 ,extension of deduction for certain expenses of elementary and secondary school teachers4 ,sec4 #ajc4 ,extension of exclusion from gross income of discharge of qualified principal residence indebtedness4 ,sec4 #ajd4 ,extension of parity and modification of exclusion from income for employer-provided mass transit and parking benefits4 ,sec4 #aje4 ,extension of mortgage insurance premiums treated as qualified residence interest4 ,sec4 #ajf4 ,extension of deduction of ,state and local general sales taxes4 ,sec4 #ajg4 ,extension of special rule for contributions of capital gain real property made for conservation purposes4 ,sec4 #ajh4 ,extension of above-the-line deduction for qualified tuition and related expenses4 ,sec4 #aji4 ,extension of tax-free distributions from individual retirement plans for charitable purposes4 ,subtitle ,b--,business tax extenders ,sec4 #aaa4 ,extension and modification of research credit4 ,sec4 #aab4 ,extension and modification of temporary minimum low-income housing tax credit rate for non-federally subsidized buildings4 ,sec4 #aac4 ,extension of military housing allowance exclusion for determining whether a tenant in certain counties is low-income4 ,sec4 #aad4 ,extension of ,indian employment tax credit4 ,sec4 #aae4 ,extension and modification of new markets tax credit4 ,sec4 #aaf4 ,extension of railroad track maintenance credit4 ,sec4 #aag4 ,extension of mine rescue team training credit4 ,sec4 #aah4 ,extension and modification of employer wage credit for employees who are active duty members of the uniformed services4 ,sec4 #aai4 ,extension and modification of work opportunity tax credit4 ,sec4 #abj4 ,extension and modification of qualified zone academy bonds4 ,sec4 #aba4 ,extension of classification of certain race horses as #c-year property4 ,sec4 #abb4 ,extension of #ae-year straight-line cost recovery for qualified leasehold improvements1 qualified restaurant buildings and improvements1 and qualified retail improvements4 ,sec4 #abc4 ,extension of #g-year recovery period for motorsports entertainment complexes4 ,sec4 #abd4 ,extension of accelerated depreciation for business property on an ,indian reservation4 ,sec4 #abe4 ,extension of bonus depreciation4 ,sec4 #abf4 ,extension of enhanced charitable deduction for contributions of food inventory4 ,sec4 #abg4 ,extension and modification of increased expensing limitations and treatment of certain real property as section #agi property4 ,sec4 #abh4 ,extension of election to expense mine safety equipment4 ,sec4 #abi4 ,extension of special expensing rules for certain film and television productions2 special expensing for live theatrical productions4 ,sec4 #acj4 ,extension of deduction allowable with respect to income attributable to domestic production activities in ,puerto ,rico4 ,sec4 #aca4 ,extension of modification of tax treatment of certain payments to controlling exempt organizations4 ,sec4 #acb4 ,extension of treatment of certain dividends of regulated investment companies4 ,sec4 #acc4 ,extension of ,,ric qualified investment entity treatment under ,,firpta4 ,sec4 #acd4 ,extension of subpart ,f exception for active financing income4 ,sec4 #ace4 ,extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules4 ,sec4 #acf4 ,extension of temporary exclusion of #ajj percent of gain on certain small business stock4 ,sec4 #acg4 ,extension of basis adjustment to stock of ,s corporations making charitable contributions of property4 ,sec4 #ach4 ,extension of reduction in ,s-corporation recognition period for built-in gains tax4 ,sec4 #aci4 ,extension of empowerment zone tax incentives4 ,sec4 #adj4 ,extension of temporary increase in limit on cover over of rum excise taxes to ,puerto ,rico and the ,virgin ,islands4 ,sec4 #ada4 ,extension of ,american ,samoa economic development credit4 ,subtitle ,c--,energy tax extenders ,sec4 #aea4 ,extension and modification of credit for nonbusiness energy property4 ,sec4 #aeb4 ,extension of credit for #b-wheeled plug-in electric vehicles4 ,sec4 #aec4 ,extension of second generation biofuel producer credit4 ,sec4 #aed4 ,extension of incentives for biodiesel and renewable diesel4 ,sec4 #aee4 ,extension and modification of production credit for ,indian coal facilities placed in service before #bjji4 ,sec4 #aef4 ,extension of credits with respect to facilities producing energy from certain renewable resources4 ,sec4 #aeg4 ,extension of credit for energy-efficient new homes4 ,sec4 #aeh4 ,extension of special allowance for second generation biofuel plant property4 ,sec4 #aei4 ,extension and modification of energy efficient commercial buildings deduction4 ,sec4 #afj4 ,extension of special rule for sales or dispositions to implement ,,ferc or ,state electric restructuring policy for qualified electric utilities4 ,sec4 #afa4 ,extension of excise tax credits relating to certain fuels4 ,,title ,,ii--,provisions expiring in #bjad ,subtitle ,a--,energy tax extenders ,sec4 #bja4 ,extension of credit for new qualified fuel cell motor vehicles4 ,sec4 #bjb4 ,extension of credit for alternative fuel vehicle refueling property4 ,subtitle ,b--,extenders relating to multiemployer defined benefit pension plans ,sec4 #bea4 ,extension of automatic extension of amortization periods4 ,sec4 #beb4 ,extension of funding improvement and rehabilitation plan rules4 ,,title ,,iii--,revenue provisions ,sec4 #cja4 ,penalty for failure to meet due diligence requirements for the child tax credit4 ,sec4 #cjb4 #ajj percent continuous levy on payment to medicare providers and suppliers4 ,sec4 #cjc4 ,exclusion from gross income of certain clean coal power grants to non-corporate taxpayers4 ,sec4 #cjd4 ,reform of rules relating to qualified tax collection contracts4 ,sec4 #cje4 ,special compliance personnel program4 ,sec4 #cjf4 ,exclusion of dividends from controlled foreign corporations from the definition of personal holding company income for purposes of the personal holding company rules4 ,sec4 #cjg4 ,inflation adjustment for certain civil penalties under the ,internal ,revenue ,code of #aihf4 ,,title ,,iv--,budgetary effects ,sec4 #dja4 ,budgetary effects4 #b4 ,sense of the ,senate ,it is the sense of the ,senate that-- 7#a7 a process of comprehensive tax reform should commence in the #aadth ,congress and should conclude before ,january #a1 #bjaf2 7#b7 ,congress should endeavor1 as part of such a tax reform process1 to eliminate temporary provisions from the ,internal ,revenue ,code of #aihf by making permanent those provisions that merit permanency and allowing others to expire2 7#c7 a major focus of such tax reform process should be fostering economic growth and lowering tax rates by broadening the tax base2 and 7#d7 the chairman and ranking member of the ,committee on ,finance of the ,senate should consult with the chairman and ranking member of the ,committee on the ,budget of the ,senate to ensure that the appropriate baseline is used in determining the economic effects of1 and rate adjustments under1 tax reform4 ,i ,provisions expiring in #bjac ,a ,individual tax extenders #aja4 ,extension of health care tax credit 7a7 ,in general ,subparagraph 7,b7 of section #ce7;b77#a7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to coverage months beginning after ,december #ca1 #bjac4 #ajb4 ,extension of deduction for certain expenses of elementary and secondary school teachers 7a7 ,in general ,subparagraph 7,d7 of section #fb7;a77#b7 is amended by striking or #bjac and inserting #bjac1 #bjad1 or #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #ajc4 ,extension of exclusion from gross income of discharge of qualified principal residence indebtedness 7a7 ,in general ,subparagraph 7,e7 of section #ajh7;a77#a7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to indebtedness discharged after ,december #ca1 #bjac4 #ajd4 ,extension of parity and modification of exclusion from income for employer-provided mass transit and parking benefits 7a7 ,extension 7#a7 ,in general ,paragraph 7#b7 of section #acb7;f7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7#b7 ,effective date ,the amendment made by this subsection shall apply to months after ,december #ca1 #bjac4 7b7 ,use of a bike share program as a qualified transportation fringe 7#a7 ,in general ,section #acb7;f77#e77;,f7 is amended-- 7,a7 in clause 7i71 by striking repair1 and storage1 if such bicycle and inserting repair1 and storage 7or use of a bike sharing program1 in the case of taxable years beginning before ,january #a1 #bjaf71 if such bicycle or bike sharing program1 and 7,b7 in clause 7iii77,i71 by inserting or bike sharing program after bicycle4 7#b7 ,effective date ,the amendments made by this subsection shall apply to taxable years beginning after ,december #ca1 #bjac4 #aje4 ,extension of mortgage insurance premiums treated as qualified residence interest 7a7 ,in general ,subclause 7,i7 of section #afc7;h77#c77;,e77iv7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to amounts paid or accrued after ,december #ca1 #bjac4 #ajf4 ,extension of deduction of ,state and local general sales taxes 7a7 ,in general ,subparagraph 7,i7 of section #afd7;b77#e7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #ajg4 ,extension of special rule for contributions of capital gain real property made for conservation purposes 7a7 ,in general ,clause 7vi7 of section #agj7;b77#a77;,e7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,contributions by certain corporate farmers and ranchers ,clause 7iii7 of section #agj7;b77#b77;,b7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7c7 ,effective date ,the amendments made by this section shall apply to contributions made in taxable years beginning after ,december #ca1 #bjac4 #ajh4 ,extension of above-the-line deduction for qualified tuition and related expenses 7a7 ,in general ,subsection 7e7 of section #bbb is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #aji4 ,extension of tax-free distributions from individual retirement plans for charitable purposes 7a7 ,in general ,subparagraph 7,f7 of section #djh7;d77#h7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to distributions made in taxable years beginning after ,december #ca1 #bjac4 ,b ,business tax extenders #aaa4 ,extension and modification of research credit 7a7 ,extension 7#a7 ,in general ,paragraph 7#a7 of section #da7;h7 is amended by striking paid or incurred and all that follows and inserting paid or incurred after ,december #ca1 #bjae44 7#b7 ,conforming amendment ,subparagraph 7,d7 of section #de;,c7b77#a7 is amended to read as follows3 7,d7 ,special rule ,if section #da is not in effect for any period1 such section shall be deemed to remain in effect for such period for purposes of this paragraph4 4 7#c7 ,effective date ,the amendments made by this subsection shall apply to amounts paid or incurred after ,december #ca1 #bjac4 7b7 ,treatment of research credit for certain startup companies 7#a7 ,in general ,section #da is amended by adding at the end the following new subsection3 7i7 ,treatment of credit for qualified small businesses 7#a7 ,in general ,at the election of a qualified small business for any taxable year1 section #caaa7;f7 shall apply to the payroll tax credit portion of the credit otherwise determined under subsection 7a7 for the taxable year and such portion shall not be treated 7other than for purposes of section #bhj;,c7 as a credit determined under subsection 7a74 7#b7 ,payroll tax credit portion ,for purposes of this subsection1 the payroll tax credit portion of the credit determined under subsection 7a7 with respect to any qualified small business for any taxable year is the least of-- 7,a7 the amount specified in the election made under this subsection1 7,b7 the credit determined under subsection 7a7 for the taxable year 7determined before the application of this subsection71 or 7,c7 in the case of a qualified small business other than a partnership or ,s corporation1 the amount of the business credit carryforward under section #ci carried from the taxable year 7determined before the application of this subsection to the taxable year74 7#c7 ,qualified small business ,for purposes of this subsection-- 7,a7 ,in general ,the term qualified small business means1 with respect to any taxable year-- 7i7 a corporation or partnership1 if-- 7,i7 the gross receipts 7as determined under the rules of section #ddh7;c77#c71 without regard to subparagraph 7,a7 thereof7 of such entity for the taxable year is less than #e1jjj1jjj1 and 7,,ii7 such entity did not have gross receipts 7as so determined7 for any taxable year preceding the #e-taxable-year period ending with such taxable year1 and 7ii7 any person 7other than a corporation or partnership7 who meets the requirements of subclauses 7,i7 and 7,,ii7 of clause 7i71 determined-- 7,i7 by substituting person for entity each place it appears1 and 7,,ii7 by only taking into account the aggregate gross receipts received by such person in carrying on all trades or businesses of such person4 7,b7 ,limitation ,such term shall not include an organization which is exempt from taxation under section #eja4 7#d7 ,election 7,a7 ,in general ,any election under this subsection for any taxable year-- 7i7 shall specify the amount of the credit to which such election applies1 7ii7 shall be made on or before the due date 7including extensions7 of-- 7,i7 in the case of a qualified small business which is a partnership1 the return required to be filed under section #fjca1 7,,ii7 in the case of a qualified small business which is an ,s corporation1 the return required to be filed under section #fjcg1 and 7,,iii7 in the case of any other qualified small business1 the return of tax for the taxable year1 and 7iii7 may be revoked only with the consent of the ,secretary4 7,b7 ,limitations 7i7 ,amount ,the amount specified in any election made under this subsection shall not exceed #bej1jjj4 7ii7 ,number of taxable years ,a person may not make an election under this subsection if such person 7or any other person treated as a single taxpayer with such person under paragraph 7#e77;,a77 has made an election under this subsection for #e or more preceding taxable years4 7,c7 ,special rule for partnerships and ,s corporations ,in the case of a qualified small business which is a partnership or ,s corporation1 the election made under this subsection shall be made at the entity level4 7#e7 ,aggregation rules 7,a7 ,in general ,except as provided in subparagraph 7,b71 all persons or entities treated as a single taxpayer under subsection 7f77#a7 shall be treated as a single taxpayer for purposes of this subsection4 7,b7 ,special rules ,for purposes of this subsection and section #caaa7;f7-- 7i7 each of the persons treated as a single taxpayer under subparagraph 7,a7 may separately make the election under paragraph 7#a7 for any taxable year1 and 7ii7 the #bej1jjj amount under paragraph 7#d77;,b77i7 shall be allocated among all persons treated as a single taxpayer under subparagraph 7,a7 in the same manner as under subparagraph 7,a77ii7 or 7,b77ii7 of subsection 7f77#a71 whichever is applicable4 7#f7 ,regulations ,the ,secretary shall prescribe such regulations as may be necessary to carry out the purposes of this subsection1 including-- 7,a7 regulations to prevent the avoidance of the purposes of the limitations and aggregation rules under this subsection through the use of successor companies or other means1 7,b7 regulations to minimize compliance and record-keeping burdens under this subsection1 and 7,c7 regulations for recapturing the benefit of credits determined under section #caaa7;f7 in cases where there is a subsequent adjustment to the payroll tax credit portion of the credit determined under subsection 7a71 including requiring amended income tax returns in the cases where there is such an adjustment4 4 7#b7 ,credit allowed against ,,fica taxes ,section #caaa is amended by adding at the end the following new subsection3 7f7 ,credit for research expenditures of qualified small businesses 7#a7 ,in general ,in the case of a taxpayer who has made an election under section #da7;i7 for a taxable year1 there shall be allowed as a credit against the tax imposed by subsection 7a7 for the first calendar quarter which begins after the date on which the taxpayer files the return specified in section #da7;i77#d77;,a77ii7 an amount equal to the payroll tax credit portion determined under section #da7;i77#b74 7#b7 ,limitation ,the credit allowed by paragraph 7#a7 shall not exceed the tax imposed by subsection 7a7 for any calendar quarter on the wages paid with respect to the employment of all individuals in the employ of the employer4 7#c7 ,carryover of unused credit ,if the amount of the credit under paragraph 7#a7 exceeds the limitation of paragraph 7#b7 for any calendar quarter1 such excess shall be carried to the succeeding calendar quarter and allowed as a credit under paragraph 7#a7 for such quarter4 7#d7 ,deduction allowed for credited amounts ,the credit allowed under paragraph 7#a7 shall not be taken into account for purposes of determining the amount of any deduction allowed under chapter #a for taxes imposed under subsection 7a74 4 7#c7 ,effective date ,the amendments made by this subsection shall apply to credits determined for taxable years beginning after ,december #ca1 #bjac4 7c7 ,credit allowed against alternative minimum tax 7#a7 ,in general ,subparagraph 7,b7 of section #ch7;c77#d7 is amended-- 7,a7 by redesignating clauses 7ii71 7iii71 7iv71 7v71 7vi71 7vii71 7viii71 and 7ix7 as clauses 7iii71 7iv71 7v71 7vi71 7vii71 7viii71 7ix71 and 7x71 respectively1 and 7,b7 by inserting after clause 7i7 the following new clause3 7ii7 the credit determined under section #da with respect to an eligible small business 7as defined in paragraph 7#e77;,c71 after application of rules similar to the rules of paragraph 7#e77;,d771 4 7#b7 ,effective date ,the amendments made by this subsection shall apply to credits determined for taxable years beginning after ,december #ca1 #bjac1 and to carrybacks of such credits4 #aab4 ,extension and modification of temporary minimum low-income housing tax credit rate for non-federally subsidized buildings 7a7 ,in general ,subparagraph 7,a7 of section #db7;b77#b7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,temporary minimum credit rate for non-federally subsidized existing buildings ,subsection 7b7 of section #db is amended by redesignating paragraph 7#c7 as paragraph 7#d7 and by inserting after paragraph 7#b7 the following new paragraph3 7#c7 ,temporary minimum credit rate for non-federally subsidized existing buildings ,in the case of any existing building-- 7,a7 which is placed in service by the taxpayer after the date of the enactment of the ,,expire ,act of #bjad with respect to housing credit dollar amount allocations made before ,january #a1 #bjaf1 and 7,b7 which is not federally subsidized for the taxable year1 the applicable percentage shall not be less than #d percent4 4 7c7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjad4 #aac4 ,extension of military housing allowance exclusion for determining whether a tenant in certain counties is low-income 7a7 ,in general ,subsection 7b7 of section #cjje of the ,housing ,assistance ,tax ,act of #bjjh is amended by striking ,january #a1 #bjad each place it appears and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendments made by this section shall take effect as if included in the enactment of section #cjje of the ,housing ,assistance ,tax ,act of #bjjh4 #aad4 ,extension of ,indian employment tax credit 7a7 ,in general ,subsection 7f7 of section #de;,a is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #aae4 ,extension and modification of new markets tax credit 7a7 ,in general ,subparagraph 7,g7 of section #de;,d7f77#a7 is amended by striking and #bjac and inserting #bjac1 #bjad1 and #bjae4 7b7 ,carryover of unused limitation ,paragraph 7#c7 of section #de;,d7f7 is amended by striking #bjah and inserting #bjbj4 7c7 ,allocations designated for areas impacted by decline in manufacturing ,paragraph 7#c7 of section #de;,d7f71 as amended by subsection 7b71 is amended-- 7#a7 by striking ,if the new markets tax credit limitation and inserting the following3 7,a7 ,in general ,if the new markets tax credit limitation 1 7#b7 by striking ,no in the last sentence and inserting ,except as provided in subparagraph 7,b71 no1 and 7#c7 by adding at the end1 the following new subparagraph3 7,b7 ,certain amounts available for areas impacted by decline in manufacturing ,any amount carried to a calendar year after the year described in the second sentence of subparagraph 7,a7 shall be available only for allocation to qualified community development entities a significant mission of which is providing investments and services to persons in the trade or business of manufacturing products in communities which have suffered major manufacturing job losses or a major manufacturing job loss event1 as designated by the ,secretary4 4 7d7 ,effective date ,the amendments made by this section shall apply to calendar years beginning after ,december #ca1 #bjac4 #aaf4 ,extension of railroad track maintenance credit 7a7 ,in general ,subsection 7f7 of section #de;,g is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to expenditures paid or incurred in taxable years beginning after ,december #ca1 #bjac4 #aag4 ,extension of mine rescue team training credit 7a7 ,in general ,subsection 7e7 of section #de,n is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #aah4 ,extension and modification of employer wage credit for employees who are active duty members of the uniformed services 7a7 ,in general ,subsection 7f7 of section #de,p is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,applicability to all employers 7#a7 ,in general ,subsection 7a7 of section #de,p is amended by striking 1 in the case of an eligible small business employer4 7#b7 ,conforming amendment ,paragraph 7#c7 of section #de,p7b7 is amended to read as follows3 7#c7 ,controlled groups ,all persons treated as a single employer under subsection 7b71 7c71 7m71 or 7o7 of section #dad shall be treated as a single employer4 4 7c7 ,expansion to #ajj percent of eligible differential wage payments ,subsection 7a7 of section #de,p is amended by striking #bj percent of the sum and inserting the sum4 7d7 ,effective date ,the amendments made by this section shall apply to payments made after ,december #ca1 #bjac4 #aai4 ,extension and modification of work opportunity tax credit 7a7 ,in general ,paragraph 7#d7 of section #ea7;c7 is amended by striking for the employer and all that follows and inserting for the employer after ,december #ca1 #bjae4 7b7 ,credit for hiring long-term unemployment recipients 7#a7 ,in general ,paragraph 7#a7 of section #ea7;d7 is amended by striking or at the end of subparagraph 7,h71 by striking the period at the end of subparagraph 7,i7 and inserting 1 or1 and by adding at the end the following new subparagraph3 7,j7 a qualified long-term unemployment recipient4 4 7#b7 ,qualified long-term unemployment recipient ,subsection 7d7 of section #ea is amended by adding at the end the following new paragraph3 7#ae7 ,qualified long-term unemployment recipient ,the term qualified long-term unemployment recipient means any individual who is certified by the designated local agency as being in a period of unemployment which-- 7,a7 is not less than #bg consecutive weeks1 and 7,b7 includes a period in which the individual was receiving unemployment compensation under ,state or ,federal law4 4 7c7 ,effective date ,the amendments made by this section shall apply to individuals who begin work for the employer after ,december #ca1 #bjac4 #abj4 ,extension and modification of qualified zone academy bonds 7a7 ,extension ,paragraph 7#a7 of section #ed;,e7c7 is amended by striking and #bjac and inserting #bjac1 #bjad1 and #bjae4 7b7 ,reduction of private business contribution requirement ,subsection 7b7 of section #ed;,e is amended by striking #aj percent and inserting #e percent4 7c7 ,effective date ,the amendments made by subsections 7a7 and 7b7 shall apply to obligations issued after ,december #ca1 #bjac4 7d7 ,technical correction and conforming amendment 7#a7 ,in general ,clause 7iii7 of section #fdca7;f77#c77;,a7 is amended-- 7,a7 by striking #bjaa and inserting years after #bjaj1 and 7,b7 by striking of such allocation and inserting of any such allocation4 7#b7 ,effective date ,the amendments made by this subsection shall take effect as if included in section #caj of the ,american ,taxpayer ,relief ,act of #bjab4 #aba4 ,extension of classification of certain race horses as #c-year property 7a7 ,in general ,clause 7i7 of section #afh7;e77#c77;,a7 is amended-- 7#a7 by striking ,january #a1 #bjad in subclause 7,i7 and inserting ,january #a1 #bjaf1 and 7#b7 by striking ,december #ca1 #bjac in subclause 7,,ii7 and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #abb4 ,extension of #ae-year straight-line cost recovery for qualified leasehold improvements1 qualified restaurant buildings and improvements1 and qualified retail improvements 7a7 ,in general ,clauses 7iv71 7v71 and 7ix7 of section #afh7;e77#c77;,e7 are each amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #abc4 ,extension of #g-year recovery period for motorsports entertainment complexes 7a7 ,in general ,subparagraph 7,d7 of section #afh7;i77#ae7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #abd4 ,extension of accelerated depreciation for business property on an ,indian reservation 7a7 ,in general ,paragraph 7#h7 of section #afh7;j7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #abe4 ,extension of bonus depreciation 7a7 ,in general ,paragraph 7#b7 of section #afh7k7 is amended-- 7#a7 by striking ,january #a1 #bjae in subparagraph 7,a77iv7 and inserting ,january #a1 #bjag1 and 7#b7 by striking ,january #a1 #bjad each place it appears and inserting ,january #a1 #bjaf4 7b7 ,special rule for ,federal long-,term contracts ,clause 7ii7 of section #dfj7;c77#f77;,b7 is amended by striking ,january #a1 #bjad 7,january #a1 #bjae and inserting ,january #a1 #bjaf 7,january #a1 #bjag4 7c7 ,extension of election ,to accelerate the ,,amt credit in lieu of bonus depreciation 7#a7 ,in general ,subclause 7,,ii7 of section #afh7k77#d77;,d77iii7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7#b7 ,round #d extension property ,paragraph 7#d7 of section #afh7k7 is amended by adding at the end the following new subparagraph3 7,k7 ,special rules for round #d extension property 7i7 ,in general ,in the case of round #d extension property1 in applying this paragraph to any taxpayer-- 7,i7 the limitation described in subparagraph 7,b77i7 and the business credit increase amount under subparagraph 7,e77iii7 thereof shall not apply1 and 7,,ii7 the bonus depreciation amount1 maximum amount1 and maximum increase amount shall be computed separately from amounts computed with respect to eligible qualified property which is not round #d extension property4 7ii7 ,election 7,i7 ,a taxpayer who has an election in effect under this paragraph for round #c extension property shall be treated as having an election in effect for round #d extension property unless the taxpayer elects to not have this paragraph apply to round #d extension property4 7,,ii7 ,a taxpayer who does not have an election in effect under this paragraph for round #c extension property may elect to have this paragraph apply to round #d extension property4 7iii7 ,round #d extension property ,for purposes of this subparagraph1 the term round #d extension property means property which is eligible qualified property solely by reason of the extension of the application of the special allowance under paragraph 7#a7 pursuant to the amendments made by section #bae7;a7 of the ,,expire ,act of #bjad 7and the application of such extension to this paragraph pursuant to the amendment made by section #bae7;c7 of such ,act74 4 7d7 ,conforming amendments 7#a7 ,the heading for subsection 7k7 of section #afh is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7#b7 ,the heading for clause 7ii7 of section #afh7k77#b77;,b7 is amended by striking pre-,january #a1 #bjad and inserting pre-,january #a1 #bjaf4 7#c7 ,subparagraph 7,c7 of section #afh7n77#b7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7#d7 ,subparagraph 7,d7 of section #adjj,l7b77#b7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7#e7 ,subparagraph 7,b7 of section #adjj,n7d77#c7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7e7 ,technical amendment relating to section #cca of the ,american ,taxpayer ,relief ,act of #bjab 7#a7 ,in general ,clause 7iii7 of section #afh7k77#d77;,j7 is amended by striking any taxable year and inserting its first taxable year4 7#b7 ,effective date ,the amendment made by this subsection shall take effect as if included in the provision of the ,american ,taxpayer ,relief ,act of #bjab to which it relates4 7f7 ,effective date ,except as provided in subsection 7e77#b71 the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac1 in taxable years ending after such date4 #abf4 ,extension of enhanced charitable deduction for contributions of food inventory 7a7 ,in general ,clause 7iv7 of section #agj7;e77#c77;,c7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to contributions made after ,december #ca1 #bjac4 #abg4 ,extension and modification of increased expensing limitations and treatment of certain real property as section #agi property 7a7 ,in general 7#a7 ,dollar limitation ,section #agi7;b77#a7 is amended-- 7,a7 by striking beginning in #bjaj1 #bjaa1 #bjab1 or #bjac in subparagraph 7,b7 and inserting beginning after #bjji and before #bjaf1 and 7,b7 by striking #bjac in subparagraph 7,c7 and inserting #bjae4 7#b7 ,reduction in limitation ,section #agi7;b77#b7 is amended-- 7,a7 by striking beginning in #bjaj1 #bjaa1 #bjab1 or #bjac in subparagraph 7,b7 and inserting beginning after #bjji and before #bjaf1 and 7,b7 by striking #bjac in subparagraph 7,c7 and inserting #bjae4 7b7 ,computer software ,section #agi7;d77#a77;,a77ii7 is amended by striking #bjad and inserting #bjaf4 7c7 ,election ,section #agi7;c77#b7 is amended by striking #bjad and inserting #bjaf4 7d7 ,special rules for treatment of qualified real property 7#a7 ,in general ,section #agi7;f77#a7 is amended by striking beginning in #bjaj1 #bjaa1 #bjab1 or #bjac and inserting beginning after #bjji and before #bjaf4 7#b7 ,carryover limitation 7,a7 ,in general ,section #agi7;f77#d7 is amended by striking #bjac each place it appears and inserting #bjae4 7,b7 ,conforming amendment ,the heading of subparagraph 7,c7 of section #agi7;f77#d7 is amended by striking #bjaa and #bjab and inserting #bjaa1 #bjab1 #bjac1 and #bjad4 7e7 ,adjustment for inflation ,subsection 7b7 of section #agi of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraph3 7#f7 ,inflation adjustment 7,a7 ,in general ,in the case of any taxable year beginning after #bjac1 the #ejj1jjj amount in paragraph 7#a77;,b7 and the #b1jjj1jjj amount in paragraph 7#b77;,b7 shall each be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 by substituting calendar year #bjab for calendar year #aiib in subparagraph 7,b7 thereof4 7,b7 ,rounding 7i7 ,dollar limitation ,if the amount in paragraph 7#a77;,b7 as increased under subparagraph 7,a7 is not a multiple of #a1jjj1 such amount shall be rounded to the nearest multiple of #a1jjj4 7ii7 ,phaseout amount ,if the amount in paragraph 7#b77;,b7 as increased under subparagraph 7,a7 is not a multiple of #aj1jjj1 such amount shall be rounded to the nearest multiple of #aj1jjj4 4 7f7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #abh4 ,extension of election to expense mine safety equipment 7a7 ,in general ,subsection 7g7 of section #agi;,e is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #abi4 ,extension of special expensing rules for certain film and television productions2 special expensing for live theatrical productions 7a7 ,in general ,subsection 7f7 of section #aha is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,application to live productions 7#a7 ,in general ,paragraph 7#a7 of section #aha7;a7 is amended by inserting 1 and any qualified live theatrical production1 after any qualified film or television production4 7#b7 ,conforming amendments ,section #aha is amended-- 7,a7 by inserting or any qualified live theatrical production after qualified film or television production each place it appears in subsections 7a77#b71 7b71 and 7c77#a71 7,b7 by inserting or qualified live theatrical productions after qualified film or television productions in subsection 7f71 and 7,c7 by inserting and live theatrical after film and television in the heading4 7#c7 ,clerical amendment ,the item relating to section #aha in the table of sections for part ,,vi of subchapter ,b of chapter #a is amended to read as follows3 ,sec4 #aha4 ,treatment of certain qualified film and television and live theatrical productions4 4 7c7 ,qualified live theatrical production ,section #aha is amended-- 7#a7 by redesignating subsections 7e7 and 7f71 as amended by subsections 7a7 and 7b71 as subsections 7f7 and 7g71 respectively1 and 7#b7 by inserting after subsection 7d7 the following new subsection3 7e7 ,qualified live theatrical production ,for purposes of this section-- 7#a7 ,in general ,the term qualified live theatrical production means any production described in paragraph 7#b7 if #ge percent of the total compensation of the production is qualified compensation 7as defined in subsection 7d77#c774 7#b7 ,production 7,a7 ,in general ,a production is described in this paragraph if such production is a live staged production of a play 7with or without music7 which is derived from a written book or script and is produced or presented by a taxable entity in any venue which has an audience capacity of not more than #c1jjj or a series of venues the majority of which have an audience capacity of not more than #c1jjj4 7,b7 ,touring companies1 etc ,in the case of multiple live staged productions-- 7i7 for which the election under this section would be allowable to the same taxpayer1 and 7ii7 which are-- 7,i7 separate phases of a production1 or 7,,ii7 separate simultaneous stagings of the same production in different geographical locations 7not including multiple performance locations of any one touring production71 each such live staged production shall be treated as a separate production4 7,c7 ,phase ,for purposes of subparagraph 7,b71 the term phase with respect to any qualified live theatrical production refers to each of the following1 but only if each of the following is treated by the taxpayer as a separate activity for all purposes of this title3 7i7 ,the initial staging of a live theatrical production4 7ii7 ,subsequent additional stagings or touring of such production which are produced by the same producer as the initial staging4 7,d7 ,exception ,a production is not described in this paragraph if such production includes or consists of any performance of conduct described in section #bbeg7;h77#a7 of title #ah1 ,united ,states ,code4 4 7d7 ,effective dates 7#a7 ,in general ,the amendments made by this section shall apply to productions commencing after ,december #ca1 #bjac4 7#b7 ,commencement ,for purposes of paragraph 7#a71 the date on which a qualified live theatrical production commences is the date of the first public performance of such production for a paying audience4 #acj4 ,extension of deduction allowable with respect to income attributable to domestic production activities in ,puerto ,rico 7a7 ,in general ,subparagraph 7,c7 of section #aii7;d77#h7 is amended-- 7#a7 by striking first #h taxable years and inserting first #aj taxable years1 and 7#b7 by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #aca4 ,extension of modification of tax treatment of certain payments to controlling exempt organizations 7a7 ,in general ,clause 7iv7 of section #eab7;b77#ac77;,e7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to payments received or accrued after ,december #ca1 #bjac4 #acb4 ,extension of treatment of certain dividends of regulated investment companies 7a7 ,in general ,paragraphs 7#a77;,c77v7 and 7#b77;,c77v7 of section #hga7k7 are each amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #acc4 ,extension of ,,ric qualified investment entity treatment under ,,firpta 7a7 ,in general ,clause 7ii7 of section #hig7;h77#d77;,a7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date 7#a7 ,in general ,the amendment made by this section shall take effect on ,january #a1 #bjad4 ,notwithstanding the preceding sentence1 such amendment shall not apply with respect to the withholding requirement under section #adde of the ,internal ,revenue ,code of #aihf for any payment made before the date of the enactment of this ,act4 7#b7 ,amounts withheld on or before date of enactment ,in the case of a regulated investment company-- 7,a7 which makes a distribution after ,december #ca1 #bjac1 and before the date of the enactment of this ,act1 and 7,b7 which would 7but for the second sentence of paragraph 7#a77 have been required to withhold with respect to such distribution under section #adde of such ,code1 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 ,treasury4 #acd4 ,extension of subpart ,f exception for active financing income 7a7 ,exempt insurance income ,paragraph 7#aj7 of section #iec7;e7 is amended-- 7#a7 by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf1 and 7#b7 by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,special rule for income derived in the active conduct of banking1 financing1 or similar businesses ,paragraph 7#i7 of section #ied7;h7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years of foreign corporations beginning after ,december #ca1 #bjac1 and to taxable years of ,united ,states shareholders with or within which any such taxable year of such foreign corporation ends4 #ace4 ,extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules 7a7 ,in general ,subparagraph 7,c7 of section #ied7;c77#f7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years of foreign corporations beginning after ,december #ca1 #bjac1 and to taxable years of ,united ,states shareholders with or within which such taxable years of foreign corporations end4 #acf4 ,extension of temporary exclusion of #ajj percent of gain on certain small business stock 7a7 ,in general ,paragraph 7#d7 of section #abjb7;a7 is amended-- 7#a7 by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf1 and 7#b7 by striking and #bjac in the heading and inserting #bjac1 #bjad1 and #bjae4 7b7 ,effective date ,the amendments made by this section shall apply to stock acquired after ,december #ca1 #bjac4 #acg4 ,extension of basis adjustment to stock of ,s corporations making charitable contributions of property 7a7 ,in general ,paragraph 7#b7 of section #acfg7;a7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to contributions made in taxable years beginning after ,december #ca1 #bjac4 #ach4 ,extension of reduction in ,s-corporation recognition period for built-in gains tax 7a7 ,in general ,subparagraph 7,c7 of section #acgd7;d77#g7 is amended-- 7#a7 by striking #bjab or #bjac and inserting #bjab1 #bjac1 #bjad1 or #bjae1 and 7#b7 by striking #bjab and #bjac in the heading and inserting #bjab1 #bjac1 #bjad1 and #bjae4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 #aci4 ,extension of empowerment zone tax incentives 7a7 ,in general ,clause 7i7 of section #acia7;d77#a77;,a7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,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 7,a77i7 of section #acia7;d77#a7 of the ,internal ,revenue ,code of #aihf 7as in effect before the enactment of this ,act71 subparagraph 7,b7 of such section shall not apply with respect to such designation if1 after the date of the enactment of this section1 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 7or the ,secretary's designee7 may provide4 7c7 ,technical amendments relating to section #gec of the ,tax ,relief1 ,unemployment ,insurance ,reauthorization1 and ,job ,creation ,act of #bjaj2 extension of nonrecognition of gain on rollover of empowerment zone investments ,subparagraph 7,a7 of section #acig;,b7b77#a7 is amended by striking and at the end of clause 7ii71 by striking the period at the end of clause 7iii7 and inserting 1 and1 and by adding at the end the following new clause3 7iv7 ,january #a1 #bjaf were substituted for ,january #a1 #bjaj each place it appears4 4 7d7 ,effective dates 7#a7 ,in general ,the amendment made by subsection 7a7 shall apply to periods after ,december #ca1 #bjac4 7#b7 ,technical amendments ,the amendments made by subsection 7c7 shall take effect as if included in section #gec of the ,tax ,relief1 ,unemployment ,insurance ,reauthorization1 and ,job ,creation ,act of #bjaj4 #adj4 ,extension of temporary increase in limit on cover over of rum excise taxes to ,puerto ,rico and the ,virgin ,islands 7a7 ,in general ,paragraph 7#a7 of section #gfeb7;f7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to distilled spirits brought into the ,united ,states after ,december #ca1 #bjac4 #ada4 ,extension of ,american ,samoa economic development credit 7a7 ,in general ,subsection 7d7 of section #aai of division ,a of the ,tax ,relief and ,health ,care ,act of #bjjf is amended-- 7#a7 by striking ,january #a1 #bjad each place it appears and inserting ,january #a1 #bjaf1 7#b7 by striking first #h taxable years in paragraph 7#a7 and inserting first #aj taxable years1 and 7#c7 by striking first #b taxable years in paragraph 7#b7 and inserting first #d taxable years4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjac4 ,c ,energy tax extenders #aea4 ,extension and modification of credit for nonbusiness energy property 7a7 ,in general ,paragraph 7#b7 of section #be;,c7g7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,updated ,energy ,star requirements for windows1 doors1 skylights1 and roofing 7#a7 ,in general ,paragraph 7#a7 of section #be;,c7c7 is amended by striking which meets and all that follows through requirements74 7#b7 ,energy efficient building envelope component ,subsection 7c7 of section #be;,c is amended by redesignating paragraphs 7#b7 and 7#c7 as paragraphs 7#c7 and 7#d71 respectively1 and by inserting after paragraph 7#a7 the following new paragraph3 7#b7 ,energy efficient building envelope component ,the term energy efficient building envelope component means a building envelope component which meets-- 7,a7 applicable ,energy ,star program requirements1 in the case of a roof or roof products1 7,b7 version #f4j ,energy ,star program requirements1 in the case of an exterior window1 a skylight1 or an exterior door1 and 7,c7 the prescriptive criteria for such component established by the #bjji ,international ,energy ,conservation ,code1 as such ,code 7including supplements7 is in effect on the date of the enactment of the ,american ,recovery and ,reinvestment ,tax ,act of #bjji1 in the case of any other component4 4 7#c7 ,conforming amendment ,subparagraph 7,d7 of section #be;,c7c77#c71 as so redesignated1 is amended to read as follows3 7,d7 any roof or roof products which are installed on a dwelling unit and are specifically and primarily designed to reduce the heat gain of such dwelling unit4 4 7c7 ,separate standards for tankless and storage water heaters 7#a7 ,in general ,subparagraph 7,d7 of section #be;,c7d77#c7 is amended by striking which has either and all that follows and inserting 8which has either-- 7i7 in the case of a storage water heater1 an energy factor of at least #j4hj or a thermal efficiency of at least #ij percent1 and 7ii7 in the case of any other water heater1 an energy factor of at least #j4ij or a thermal efficiency of at least #ij percent1 and 4 7#b7 ,storage water heaters ,paragraph 7#c7 of section #be;,c7d7 is amended by adding at the end the following flush sentence3 ,for purposes of subparagraph 7,d77i71 the term storage water heater means a water heater that has a water storage capacity of more than #bj gallons but not more than #ee gallons4 4 7d7 ,modification of testing standards for biomass stoves ,subparagraph 7,e7 of section #be;,c7d77#c7 is amended by inserting before the period the following3 1 when tested using the higher heating value of the fuel and in accordance with the ,canadian ,standards ,administration ,b#dae4a test protocol4 7e7 ,separate standard for oil hot water boilers ,paragraph 7#d7 of section #be;,c7d7 is amended by striking #ie and inserting #ie 7#ij in the case of an oil hot water boiler74 7f7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #aeb4 ,extension of credit for #b-wheeled plug-in electric vehicles 7a7 ,in general ,subparagraph 7,e7 of section #cj;,d7g77#c7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjad 7,january #a1 #bjaf1 in the case of a vehicle that has #b wheels744 7b7 ,effective date ,the amendment made by this section shall apply to vehicles acquired after ,december #ca1 #bjac4 #aec4 ,extension of second generation biofuel producer credit 7a7 ,in general ,clause 7i7 of section #dj7;b77#f77;,j7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this subsection shall apply to qualified second generation biofuel production after ,december #ca1 #bjac4 #aed4 ,extension of incentives for biodiesel and renewable diesel 7a7 ,credits for biodiesel and renewable diesel used as fuel ,subsection 7g7 of section #dj;,a is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to fuel sold or used after ,december #ca1 #bjac4 #aee4 ,extension and modification of production credit for ,indian coal facilities placed in service before #bjji 7a7 ,in general ,subparagraph 7,a7 of section #de7;e77#aj7 is amended by striking #h-year period each place it appears and inserting #aj-year period4 7b7 ,application to new leases or subleases ,paragraph 7#aj7 of section #de7;d7 is amended by inserting before the period the following3 1 and any new lease or sublease of such a facility4 7c7 ,effective date ,the amendments made by this section shall apply to coal produced after ,december #ca1 #bjac4 #aef4 ,extension of credits with respect to facilities producing energy from certain renewable resources 7a7 ,in general ,the following provisions of section #de7;d7 are each amended by striking ,january #a1 #bjad each place it appears and inserting ,january #a1 #bjaf3 7#a7 ,paragraph 7#a74 7#b7 ,paragraph 7#b77;,a74 7#c7 ,paragraph 7#c77;,a74 7#d7 ,paragraph 7#d77;,b74 7#e7 ,paragraph 7#f74 7#f7 ,paragraph 7#g74 7#g7 ,paragraph 7#i74 7#h7 ,paragraph 7#aa77;,b74 7b7 ,extension of election to treat qualified facilities as energy property ,clause 7ii7 of section #dh7;a77#e77;,c7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7c7 ,effective dates ,the amendments made by this section shall take effect on ,january #a1 #bjad4 #aeg4 ,extension of credit for energy-efficient new homes 7a7 ,in general ,subsection 7g7 of section #de,l is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to homes acquired after ,december #ca1 #bjac4 #aeh4 ,extension of special allowance for second generation biofuel plant property 7a7 ,in general ,subparagraph 7,d7 of section #afh7l77#b7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #aei4 ,extension and modification of energy efficient commercial buildings deduction 7a7 ,in general ,subsection 7h7 of section #agi;,d is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,allocations to ,indian tribal governments ,paragraph 7#d7 of section #agi;,d7d7 is amended by striking or local and inserting local1 or ,indian tribal4 7c7 ,allocations to certain nonprofit organizations 7#a7 ,in general ,paragraph 7#d7 of section #agi;,d7d71 as amended by subsection 7b71 is amended by inserting 1 or by an organization that is described in section #eja7;c77#c7 and exempt from tax under section #eja7;a7 after political subdivision thereof4 7#b7 ,clerical amendment ,the heading of paragraph 7#d7 of section #agi;,d7d7 is amended by inserting and property held by certain non-profits after public property4 7d7 ,updated ,,ashrae standards for #bjae 7#a7 ,in general ,paragraph 7#a7 of section #agi;,d7c7 is amended by striking ,standard #ij4a-bjja each place it appears and inserting ,standard #ij4a-bjjg4 7#b7 ,conforming amendments 7,a7 ,paragraph 7#b7 of section #agi;,d7c7 is amended to read as follows3 7#b7 ,standard #ij4a-bjjg ,the term ,standard #ij4a-bjjg means ,standard #ij4a-bjjg of the ,american ,society of ,heating1 ,refrigerating1 and ,air ,conditioning ,engineers and the ,illuminating ,engineering ,society of ,north ,america 7as in effect on the day before the date of the adoption of ,standard #ij4a-bjaj of such ,societies74 4 7,b7 ,subsection 7f7 of section #agi;,d is amended by striking ,standard #ij4a-bjja each place it appears in paragraphs 7#a7 and 7#b77;,c77i7 and inserting ,standard #ij4a-bjjg4 7,c7 ,paragraph 7#a7 of section #agi;,d7f7 is amended-- 7i7 by striking ,table #i4c4a4a and inserting ,table #i4e4a1 and 7ii7 by striking ,table #i4c4a4b and inserting ,table #i4f4a4 7#c7 ,effective date ,the amendments made by this paragraph shall apply to property placed in service after ,december #ca1 #bjad4 7e7 ,effective date ,except as provided in subsection 7d77#c71 the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac4 #afj4 ,extension of special rule for sales or dispositions to implement ,,ferc or ,state electric restructuring policy for qualified electric utilities 7a7 ,in general ,paragraph 7#c7 of section #dea7;i7 is amended by striking ,january #a1 #bjad and inserting ,january #a1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to dispositions after ,december #ca1 #bjac4 #afa4 ,extension of excise tax credits relating to certain fuels 7a7 ,excise tax credits and outlay payments for biodiesel and renewable diesel fuel mixtures 7#a7 ,paragraph 7#f7 of section #fdbf7;c7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7#b7 ,subparagraph 7,b7 of section #fdbg7;e77#f7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7b7 ,extension of alternative fuels excise tax credits 7#a7 ,in general ,sections #fdbf7;d77#e7 and #fdbf7;e77#c7 are each amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7#b7 ,outlay payments for alternative fuels ,subparagraph 7,c7 of section #fdbg7;e77#f7 is amended by striking ,december #ca1 #bjac and inserting ,december #ca1 #bjae4 7c7 ,extension of alternative fuels excise tax credits relating to liquefied hydrogen 7#a7 ,in general ,sections #fdbf7;d77#e7 and #fdbf7;e77#c71 as amended by subsection 7b71 are each amended by striking 7,september #cj1 #bjad in the case of any sale or use involving liquefied hydrogen74 7#b7 ,outlay payments for alternative fuels ,paragraph 7#f7 of section #fdbg7;e7 is amended-- 7,a7 by striking except as provided in subparagraph 7,d71 any in subparagraph 7,c71 as amended by this ,act1 and inserting any1 7,b7 by striking the comma at the end of subparagraph 7,c7 and inserting 1 and1 and 7,c7 by striking subparagraph 7,d7 and redesignating subparagraph 7,e7 as subparagraph 7,d74 7d7 ,effective dates 7#a7 ,in general ,except as provided in paragraph 7#b71 the amendments made by this section shall apply to fuel sold or used after ,december #ca1 #bjac4 7#b7 ,liquefied hydrogen ,the amendments made by subsection 7c7 shall apply to fuels sold or used after ,september #cj1 #bjad4 7e7 ,special rule for certain periods during #bjad ,notwithstanding any other provision of law1 in the case of-- 7#a7 any biodiesel mixture credit properly determined under section #fdbf7;c7 of the ,internal ,revenue ,code of #aihf for periods after ,december #ca1 #bjac1 and before the date of the enactment of this ,act1 and 7#b7 any alternative fuel credit properly determined under section #fdbf7;d7 of such ,code for such periods1 such credit shall be allowed1 and any refund or payment attributable to such credit 7including any payment under section #fdbg7;e7 of such ,code7 shall be made1 only in such manner as the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall provide4 ,such ,secretary shall issue guidance within #cj days after the date of the enactment of this ,act providing for a one-time submission of claims covering periods described in the preceding sentence4 ,such guidance shall provide for a #ahj-;day period for the submission of such claims 7in such manner as prescribed by such ,secretary7 to begin not later than #cj days after such guidance is issued4 ,such claims shall be paid by such ,secretary not later than #fj days after receipt4 ,if such ,secretary has not paid pursuant to a claim filed under this subsection within #fj days after the date of the filing of such claim1 the claim shall be paid with interest from such date determined by using the overpayment rate and method under section #ffba of such ,code4 ,,ii ,provisions expiring in #bjad ,a ,energy tax extenders #bja4 ,extension of credit for new qualified fuel cell motor vehicles 7a7 ,in general ,paragraph 7#a7 of section #cj;,b7k7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjae4 7b7 ,effective date ,the amendment made by this section shall apply to property purchased after ,december #ca1 #bjad4 #bjb4 ,extension of credit for alternative fuel vehicle refueling property 7a7 ,in general ,subsection 7g7 of section #cj;,c is amended by striking placed in service and all that follows and inserting placed in service after ,december #ca1 #bjae44 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjac4 ,b ,extenders relating to multiemployer defined benefit pension plans #bea4 ,extension of automatic extension of amortization periods 7a7 ,in general ,subparagraph 7,c7 of section #dca7;d77#a7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjae4 7b7 ,amendment to ,employee ,retirement ,income ,security ,act of #aigd ,subparagraph 7,c7 of section #cjd7;d77#a7 of the ,employee ,retirement ,income ,security ,act of #aigd 7#bi ,u4,s4,c4 #ajhd7;d77#a77;,c77 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjae4 7c7 ,effective date ,the amendments made by this section shall apply to applications submitted under section #dca7;d77#a77;,a7 of the ,internal ,revenue ,code of #aihf and section #cjd7;d77#a77;,c7 of the ,employee ,retirement ,income ,security ,act of #aigd after ,december #ca1 #bjad4 #beb4 ,extension of funding improvement and rehabilitation plan rules 7a7 ,in general ,paragraphs 7#a7 and 7#b7 of section #bba7;c7 of the ,pension ,protection ,act of #bjjf are each amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjae4 7b7 ,conforming amendment ,paragraph 7#b7 of section #bba7;c7 of the ,pension ,protection ,act of #bjjf is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjaf4 7c7 ,effective date ,the amendments made by this section shall apply to plan years beginning after ,december #ca1 #bjad4 ,,iii ,revenue provisions #cja4 ,penalty for failure to meet due diligence requirements for the child tax credit 7a7 ,in general ,section #ffie is amended by adding at the end the following new subsection3 7h7 ,failure to be diligent in determining eligibility for child tax credit ,any person who is a tax return preparer with respect to any return or claim for refund who fails to comply with due diligence requirements imposed by the ,secretary by regulations with respect to determining eligibility for1 or the amount of1 the credit allowable by section #bd shall pay a penalty of #ejj for each such failure4 4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #cjb4 #ajj percent continuous levy on payment to medicare providers and suppliers 7a7 ,in general ,paragraph 7#c7 of section #fcca7;h7 is amended by striking the period at the end and inserting 1 or to a ,medicare provider or supplier under title ,,xviii of the ,social ,security ,act44 7b7 ,effective date ,the amendment made by this section shall apply to payments made on or after the date which is #ahj days after the date of the enactment of this ,act4 #cjc4 ,exclusion from gross income of certain clean coal power grants to non-corporate taxpayers 7a7 ,general rule ,in the case of an eligible taxpayer other than a corporation1 gross income for purposes of the ,internal ,revenue ,code of #aihf shall not include any amount received under section #djb of the ,energy ,policy ,act of #bjje4 7b7 ,reduction in basis ,the basis of any property subject to the allowance for depreciation under the ,internal ,revenue ,code of #aihf which is acquired with any amount to which subsection 7a7 applies during the #ab-month period beginning on the day such amount is received shall be reduced by an amount equal to such amount4 ,the excess 7if any7 of such amount over the amount of the reduction under the preceding sentence shall be applied to the reduction 7as of the last day of the period specified in the preceding sentence7 of the basis of any other property held by the taxpayer4 ,the particular properties to which the reductions required by this subsection are allocated shall be determined by the ,secretary of the ,treasury 7or the ,secretary's delegate7 under regulations similar to the regulations under section #cfb7;c77#b7 of such ,code4 7c7 ,limitation to amounts which would be contributions to capital ,subsection 7a7 shall not apply to any amount unless such amount1 if received by a corporation1 would be excluded from gross income under section #aah of the ,internal ,revenue ,code of #aihf4 7d7 ,eligible taxpayer ,for purposes of this section1 with respect to any amount received under section #djb of the ,energy ,policy ,act of #bjje1 the term eligible taxpayer means a taxpayer that makes a payment to the ,secretary of the ,treasury 7or the ,secretary's delegate7 equal to #a4ah percent of the amount so received4 ,such payment shall be made at such time and in such manner as such ,secretary 7or the ,secretary's delegate7 shall prescribe4 ,in the case of a partnership1 such ,secretary 7or the ,secretary's delegate7 shall prescribe regulations to determine the allocation of such payment amount among the partners4 7e7 ,effective date ,this section shall apply to amounts received under section #djb of the ,energy ,policy ,act of #bjje in taxable years beginning after ,december #ca1 #bjaa4 #cjd4 ,reform of rules relating to qualified tax collection contracts 7a7 ,requirement to collect certain inactive tax receivables under qualified tax collection contracts ,section #fcjf is amended by redesignating subsections 7c7 through 7f7 as subsections 7d7 through 7g71 respectively1 and by inserting after subsection 7b7 the following new subsection3 7c7 ,collection of inactive tax receivables 7#a7 ,in general ,notwithstanding any other provision of law1 the ,secretary shall enter into one or more qualified tax collection contracts for the collection of all outstanding inactive tax receivables4 7#b7 ,inactive tax receivables ,for purposes of this section-- 7,a7 ,in general ,the term inactive tax receivable means any tax receivable if-- 7i7 at any time after assessment1 the ,internal ,revenue ,service removes such receivable from the active inventory for lack of resources or inability to locate the taxpayer1 7ii7 more than #ac of the period of the applicable statute of limitation has lapsed and such receivable has not been assigned for collection to any employee of the ,internal ,revenue ,service1 or 7iii7 in the case of a receivable which has been assigned for collection1 more than #cfe days have passed without interaction with the taxpayer or a third party for purposes of furthering the collection of such receivable4 7,b7 ,tax receivable ,the term tax receivable means any outstanding assessment which the ,internal ,revenue ,service includes in potentially collectible inventory4 4 7b7 ,certain tax receivables not eligible for collection under qualified tax collection contracts ,section #fcjf1 as amended by subsection 7a71 is amended by redesignating subsections 7d7 through 7g7 as subsections 7e7 through 7h71 respectively1 and by inserting after subsection 7c7 the following new subsection3 7d7 ,certain tax receivables not eligible for collection under qualified tax collections contracts ,a tax receivable shall not be eligible for collection pursuant to a qualified tax collection contract if such receivable-- 7#a7 is subject to a pending or active offer-in-compromise or installment agreement1 7#b7 is classified as an innocent spouse case1 7#c7 involves a taxpayer identified by the ,secretary as being-- 7,a7 deceased1 7,b7 under the age of #ah1 7,c7 in a designated combat zone1 or 7,d7 a victim of tax-related identity theft1 7#d7 is currently under examination1 litigation1 criminal investigation1 or levy1 or 7#e7 is currently subject to a proper exercise of a right of appeal under this title4 4 7c7 ,contracting priority ,section #fcjf1 as amended by the preceding provisions of this section1 is amended by redesignating subsection 7h7 as subsection 7i7 and by inserting after subsection 7g7 the following new subsection3 7h7 ,contracting priority ,in contracting for the services of any person under this section1 the ,secretary shall utilize private collection contractors and debt collection centers on the schedule required under section #cgaa7;g7 of title #ca1 ,united ,states ,code1 including the technology and communications infrastructure established therein1 to the extent such private collection contractors and debt collection centers are appropriate to carry out the purposes of this section4 4 7d7 ,disclosure of return information ,section #fajc7k7 is amended by adding at the end the following new paragraph3 7#aa7 ,qualified tax collection contractors ,persons providing services pursuant to a qualified tax collection contract under section #fcjf may1 if speaking to a person who has identified himself or herself as having the name of the taxpayer to which a tax receivable 7within the meaning of such section7 relates1 identify themselves as contractors of the ,internal ,revenue ,service and disclose the business name of the contractor1 and the nature1 subject1 and reason for the contact4 ,disclosures under this paragraph shall be made only in such situations and under such conditions as have been approved by the ,secretary4 4 7e7 ,taxpayers affected by federally declared disasters ,section #fcjf1 as amended by the preceding provisions of this section1 is amended by redesignating subsection 7i7 as subsection 7j7 and by inserting after subsection 7h7 the following new subsection3 7i7 ,taxpayers in presidentially declared disaster areas ,the ,secretary may prescribe procedures under which a taxpayer determined to be affected by a ,federally declared disaster 7as defined by section #afe7;h77#c77;,c77 may request-- 7#a7 relief from immediate collection measures by contractors under this section1 and 7#b7 a return of the inactive tax receivable to the inventory of the ,internal ,revenue ,service to be collected by an employee thereof4 4 7f7 ,report to ,congress 7#a7 ,in general ,section #fcjf1 as amended by the preceding provisions of this section1 is amended by redesignating subsection 7j7 as subsection 7k7 and by inserting after subsection 7i7 the following new subsection3 7j7 ,report to ,congress ,not later than #ij days after the last day of each fiscal year 7beginning with the first such fiscal year ending after the date of the enactment of this subsection71 the ,secretary shall submit to the ,committee on ,ways and ,means of the ,house of ,representatives and the ,committee on ,finance of the ,senate a report with respect to qualified tax collection contracts under this section which shall include-- 7#a7 annually1 with respect to such fiscal year-- 7,a7 the total number and amount of tax receivables provided to each contractor for collection under this section1 7,b7 the total amounts collected 7and amounts of installment agreements entered into under subsection 7b77#a77;,b77 with respect to each contractor and the collection costs incurred 7directly and indirectly7 by the ,internal ,revenue ,service with respect to such amounts1 7,c7 the impact of such contracts on the total number and amount of unpaid assessments1 and on the number and amount of assessments collected by ,internal ,revenue ,service personnel after initial contact by a contractor1 7,d7 the amount of fees retained by the ,secretary under subsection 7e7 and a description of the use of such funds1 and 7,e7 a disclosure safeguard report in a form similar to that required under section #fajc7p77#e71 and 7#b7 biannually 7beginning with the second report submitted under this subsection7-- 7,a7 an independent evaluation of contractor performance1 and 7,b7 a measurement plan that includes a comparison of the best practices used by the private collectors to the collection techniques used by the ,internal ,revenue ,service and mechanisms to identify and capture information on successful collection techniques used by the contractors that could be adopted by the ,internal ,revenue ,service4 4 7#b7 ,repeal of existing reporting requirements with respect to qualified tax collection contracts ,section #hha of the ,american ,jobs ,creation ,act of #bjjd is amended by striking subsection 7e74 7g7 ,effective dates 7#a7 ,in general ,the amendments made by subsections 7a7 and 7b7 shall apply to tax receivables identified by the ,secretary after the date of the enactment of this ,act4 7#b7 ,contracting priority ,the ,secretary shall begin entering into contracts and agreements as described in the amendment made by subsection 7c7 within #c months after the date of the enactment of this ,act4 7#c7 ,disclosures ,the amendment made by subsection 7d7 shall apply to disclosures made after the date of the enactment of this ,act4 7#d7 ,procedures2 report to congress ,the amendments made by subsections 7e7 and 7f7 shall take effect on the date of the enactment of this ,act4 #cje4 ,special compliance personnel program 7a7 ,in general ,subsection 7e7 of section #fcjf1 as redesignated by section #fjd1 is amended by striking for collection enforcement activities of the ,internal ,revenue ,service in paragraph 7#b7 and inserting to fund the special compliance personnel program account under section #fcjg4 7b7 ,special compliance personnel program account ,subchapter ,a of chapter #fd is amended by adding at the end the following new section3 #fcjg4 ,special compliance personnel program account 7a7 ,establishment of a special compliance personnel program account ,the ,secretary shall establish an account within the ,department for carrying out a program consisting of the hiring1 training1 and employment of special compliance personnel1 and shall transfer to such account from time to time amounts retained by the ,secretary under section #fcjf7;e77#b74 7b7 ,restrictions ,the program described in subsection 7a7 shall be subject to the following restrictions3 7#a7 ,no funds shall be transferred to such account except as described in subsection 7a74 7#b7 ,no other funds from any other source shall be expended for special compliance personnel employed under such program1 and no funds from such account shall be expended for the hiring of any personnel other than special compliance personnel4 7#c7 ,notwithstanding any other authority1 the ,secretary is prohibited from spending funds out of such account for any purpose other than for costs under such program associated with the employment of special compliance personnel and the retraining and reassignment of current noncollections personnel as special compliance personnel1 and to reimburse the ,internal ,revenue ,service or other government agencies for the cost of administering qualified tax collection contracts under section #fcjf4 7c7 ,reporting ,not later than ,march of each year1 the ,commissioner of ,internal ,revenue shall submit a report to the ,committees on ,finance and ,appropriations of the ,senate and the ,committees on ,ways and ,means and ,appropriations of the ,house of ,representatives consisting of the following3 7#a7 ,for the preceding fiscal year1 all funds received in the account established under subsection 7a71 administrative and program costs for the program described in such subsection1 the number of special compliance personnel hired and employed under the program1 and the amount of revenue actually collected by such personnel4 7#b7 ,for the current fiscal year1 all actual and estimated funds received or to be received in the account1 all actual and estimated administrative and program costs1 the number of all actual and estimated special compliance personnel hired and employed under the program1 and the actual and estimated revenue actually collected or to be collected by such personnel4 7#c7 ,for the following fiscal year1 an estimate of all funds to be received in the account1 all estimated administrative and program costs1 the estimated number of special compliance personnel hired and employed under the program1 and the estimated revenue to be collected by such personnel4 7d7 ,definitions ,for purposes of this section-- 7#a7 ,special compliance personnel ,the term special compliance personnel means individuals employed by the ,internal ,revenue ,service as field function collection officers or in a similar position1 or employed to collect taxes using the automated collection system or an equivalent replacement system4 7#b7 ,program costs ,the term program costs means-- 7,a7 total salaries 7including locality pay and bonuses71 benefits1 and employment taxes for special compliance personnel employed or trained under the program described in subsection 7a71 and 7,b7 direct overhead costs1 salaries1 benefits1 and employment taxes relating to support staff1 rental payments1 office equipment and furniture1 travel1 data processing services1 vehicle costs1 utilities1 telecommunications1 postage1 printing and reproduction1 supplies and materials1 lands and structures1 insurance claims1 and indemnities for special compliance personnel hired and employed under this section4 ,for purposes of subparagraph 7,b71 the cost of management and supervision of special compliance personnel shall be taken into account as direct overhead costs to the extent such costs1 when included in total program costs under this paragraph1 do not represent more than #aj percent of such total costs4 4 7c7 ,clerical amendment ,the table of sections for subchapter ,a of chapter #fd is amended by inserting after the item relating to section #fcjf the following new item3 ,sec4 #fcjg4 ,special compliance personnel program account4 4 7d7 ,effective date ,the amendment made by subsection 7a7 shall apply to amounts collected and retained by the ,secretary after the date of the enactment of this ,act4 #cjf4 ,exclusion of dividends from controlled foreign corporations from the definition of personal holding company income for purposes of the personal holding company rules 7a7 ,in general ,paragraph 7#a7 of section #edc7;a7 is amended by redesignating subparagraphs 7,c7 and 7,d7 as subparagraphs 7,d7 and 7,e71 respectively1 and by inserting after subparagraph 7,b7 the following new subparagraph3 7,c7 dividends received by a ,united ,states shareholder 7as defined in section #iea7;b77 from a controlled foreign corporation 7as defined in section #ieg7;a771 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years ending on or after the date of the enactment of this ,act4 #cjg4 ,inflation adjustment for certain civil penalties under the ,internal ,revenue ,code of #aihf 7a7 ,failure to file tax return or pay tax ,section #ffea is amended by adding at the end the following new subsection3 7i7 ,adjustment for inflation 7#a7 ,in general ,in the case of any return required to be filed in a calendar year beginning after #bjad1 the #ace dollar amount under subsection 7a7 shall be increased by such dollar amount multiplied by the cost-of-living adjustment determined under section #a7;f77#c7 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,rounding ,if any amount adjusted under paragraph 7#a7 is not a multiple of #e1 such amount shall be rounded to the next lowest multiple of #e4 4 7b7 ,failure to file certain information returns1 registration statements1 etc 7#a7 ,in general ,section #ffeb7;c7 is amended by adding at the end the following new paragraph3 7#f7 ,adjustment for inflation 7,a7 ,in general ,in the case of any failure relating to a return required to be filed in a calendar year beginning after #bjad1 each of the dollar amounts under paragraphs 7#a71 7#b71 and 7#c7 shall be increased by such dollar amount multiplied by the cost-of-living adjustment determined under section #a7;f77#c7 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7,b7 ,rounding ,if any amount adjusted under subparagraph 7,a7-- 7i7 is not less than #e1jjj and is not a multiple of #ejj1 such amount shall be rounded to the next lowest multiple of #ejj1 and 7ii7 is not described in clause 7i7 and is not a multiple of #e1 such amount shall be rounded to the next lowest multiple of #e4 4 7#b7 ,conforming amendments 7,a7 ,the last sentence of section #ffeb7;c77#a77;,a7 is amended by striking the first sentence of this subparagraph shall be applied by substituting #ajj for #bj and and inserting in applying the first sentence of this subparagraph1 the amount of the penalty for each day during which a failure continues shall be #ajj in lieu of the amount otherwise specified1 and4 7,b7 ,clause 7ii7 of section #ffeb7;c77#b77;,c7 is amended by striking the first sentence of paragraph 7#a77;,a7 and all that follows and inserting in applying the first sentence of paragraph 7#a77;,a71 the amount of the penalty for each day during which a failure continues shall be #ajj in lieu of the amount otherwise specified1 and in lieu of applying the second sentence of paragraph 7#a77;,a71 the maximum penalty under paragraph 7#a77;,a7 shall not exceed #ej1jjj1 and4 7c7 ,other assessable penalties with respect to the preparation of tax returns for other persons ,section #ffie is amended by adding at the end the following new subsection3 7h7 ,adjustment for inflation 7#a7 ,in general ,in the case of any failure relating to a return or claim for refund filed in a calendar year beginning after #bjad1 each of the dollar amounts under subsections 7a71 7b71 7c71 7d71 7e71 7f71 and 7g7 shall be increased by such dollar amount multiplied by the cost-of-living adjustment determined under section #a7;f77#c7 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,rounding ,if any amount adjusted under subparagraph 7,a7-- 7,a7 is not less than #e1jjj and is not a multiple of #ejj1 such amount shall be rounded to the next lowest multiple of #ejj1 and 7,b7 is not described in clause 7i7 and is not a multiple of #e1 such amount shall be rounded to the next lowest multiple of #e4 4 7d7 ,failure to file partnership return ,section #ffih is amended by adding at the end the following new subsection3 7e7 ,adjustment for inflation 7#a7 ,in general ,in the case of any return required to be filed in a calendar year beginning after #bjad1 the #aie dollar amount under subsection 7b77#a7 shall be increased by such dollar amount multiplied by the cost-of-living adjustment determined under section #a7;f77#c7 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,rounding ,if any amount adjusted under paragraph 7#a7 is not a multiple of #e1 such amount shall be rounded to the next lowest multiple of #e4 4 7e7 ,failure to file ,s corporation return ,section #ffii is amended by adding at the end the following new subsection3 7e7 ,adjustment for inflation 7#a7 ,in general ,in the case of any return required to be filed in a calendar year beginning after #bjad1 the #aie dollar amount under subsection 7b77#a7 shall be increased by such dollar amount multiplied by the cost-of-living adjustment determined under section #a7;f77#c7 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,rounding ,if any amount adjusted under paragraph 7#a7 is not a multiple of #e1 such amount shall be rounded to the next lowest multiple of #e4 4 7f7 ,failure to file correct information returns ,paragraph 7#a7 of section #fgba7;f7 is amended by striking ,for each fifth calendar year beginning after #bjab and inserting ,in the case of any failure relating to a return required to be filed in a calendar year beginning after #bjad4 7g7 ,failure to furnish correct payee statements ,paragraph 7#a7 of section #fgbb7;f7 is amended by striking ,for each fifth calendar year beginning after #bjab and inserting ,in the case of any failure relating to a statement required to be furnished in a calendar year beginning after #bjad4 7h7 ,effective date ,the amendments made by this section shall apply to returns required to be filed after ,december #ca1 #bjad4 ,,iv ,budgetary effects #dja4 ,budgetary effects 7a7 ,paygo scorecard ,the budgetary effects of this ,act shall not be entered on either ,,paygo scorecard maintained pursuant to section #d7;d7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj4 7b7 ,senate paygo scorecard ,the budgetary effects of this ,act shall not be entered on any ,,paygo scorecard maintained for purposes of section #bja of ,s4 ,con4 ,res4 #ba 7#aajth ,congress74 ,april #bh1 #bjad,read twice and placed on the calendar