,i #aadth ,,congress #b;d ,session ,h4 ,r4 #fdci ,,in ,,the ,,house ,,of ,,representatives ,december #f1 #bjaf,mr4 ,brady of ,texas 7for himself and ,mr4 ,neal7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to make technical corrections1 and for other purposes4 #a4 ,short title2 table of contents2 etc 7a7 ,short title ,this ,act may be cited as the ,tax ,technical ,corrections ,act of #bjaf4 7b7 ,amendment of ,internal ,revenue ,code of #aihf ,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 title2 table of contents2 etc4 ,title ,i--,tax technical corrections ,sec4 #aja4 ,amendments relating to ,protecting ,americans from ,tax ,hikes ,act of #bjae4 ,sec4 #ajb4 ,amendment relating to ,consolidated ,appropriations ,act1 #bjaf4 ,sec4 #ajc4 ,amendments relating to ,fixing ,america's ,surface ,transportation ,act4 ,sec4 #ajd4 ,amendments relating to ,surface ,transportation and ,veterans ,health ,care ,choice ,improvement ,act of #bjae4 ,sec4 #aje4 ,amendments relating to ,stephen ,beck1 ,jr41 ,,able ,act of #bjad4 ,sec4 #ajf4 ,amendment relating to ,american ,taxpayer ,relief ,act of #bjab4 ,sec4 #ajg4 ,amendment relating to ,united ,states-,korea ,free ,trade ,agreement ,implementation ,act4 ,sec4 #ajh4 ,amendment relating to ,,safetea-,,lu4 ,sec4 #aji4 ,amendment relating to the ,american ,jobs ,creation ,act of #bjjd4 ,title ,,ii--,technical corrections related to partnership audit rules ,sec4 #bja4 ,scope of adjustments subject to partnership audit rules4 ,sec4 #bjb4 ,determination of imputed underpayments4 ,sec4 #bjc4 ,alternative procedure to filing amended returns for purposes of modifying imputed underpayment4 ,sec4 #bjd4 ,treatment of passthrough partners in tiered structures4 ,sec4 #bje4 ,treatment of failure of partnership to pay imputed underpayment4 ,sec4 #bjf4 ,other technical corrections related to partnership audit rules4 ,sec4 #bjg4 ,effective date4 ,title ,,iii--,other corrections ,sec4 #cja4 ,amendments relating to the ,bipartisan ,budget ,act of #bjae4 ,sec4 #cjb4 ,amendments relating to the ,energy ,policy ,act of #bjje4 ,title ,,iv--,clerical corrections and deadwood ,sec4 #dja4 ,clerical corrections and deadwood-related provisions4 ,i ,tax technical corrections #aja4 ,amendments relating to ,protecting ,americans from ,tax ,hikes ,act of #bjae 7a7 ,amendment relating to section #aje ,section #acb7;f77#f77;,a7 is amended by striking the second sentence4 7b7 ,amendments relating to section #aba ,section #da7;c7 is amended-- 7#a7 by striking paragraph 7#d71 7#b7 by redesignating paragraphs 7#e71 7#f71 and 7#g7 as paragraphs 7#d71 7#e71 and 7#f71 respectively1 and 7#c7 by striking the last sentence of paragraph 7#d77;,c7 7as so redesignated74 7c7 ,amendments relating to section #adc 7#a7 ,section #afh7k77#b77;,b77i77,,iii7 is amended by inserting binding before contract4 7#b7 ,section #afh7k77#e77;,b77ii7 is amended-- 7,a7 by inserting crop or after more than one1 and 7,b7 by inserting a marketable crop or yield of after begins bearing4 7#c7 ,section #afh7k77#e77;,f7 is amended-- 7,a7 by striking 7or is grafted to a plant that has already been planted before such date71 7,b7 by inserting or grafted after which is planted1 and 7,c7 by striking 7or so grafted7 in clauses 7i7 and 7ii7 and inserting or grafted4 7#d7 ,section #afh7k77#f7 is amended to read as follows3 7#f7 ,phase-down ,in the case of qualified property placed in service by the taxpayer after ,december #ca1 #bjag 7,december #ca1 #bjah1 in the case of property described in subparagraph 7,b7 or 7,c7 of paragraph 7#b771 paragraph 7#a77;,a7 shall be applied by substituting for #ej percent-- 7,a7 #dj percent in the case of-- 7i7 property placed in service in #bjah 7other than property described in subparagraph 7,b7 or 7,c7 of paragraph 7#b771 and 7ii7 property described in subparagraph 7,b7 or 7,c7 of paragraph 7#b7 which is placed in service in #bjai1 and 7,b7 #cj percent in the case of-- 7i7 property placed in service in #bjai 7other than property described in subparagraph 7,b7 or 7,c7 of paragraph 7#b771 and 7ii7 property described in subparagraph 7,b7 or 7,c7 of paragraph 7#b7 which is placed in service in #bjbj4 4 7#e7 ,section #afh7k77#g7 is amended by striking paragraphs 7#a7 and 7#b77;,f7 and inserting paragraphs 7#a71 7#b77;,f71 and 7#d74 7d7 ,amendments relating to section #afg 7#a7 ,section #afh7;j77#c7 is amended by striking property to which paragraph 7#a7 applies and inserting qualified ,indian reservation property4 7#b7 ,section #afh7;j77#h7 is amended by striking this subsection and inserting paragraph 7#a74 7e7 ,amendments relating to section #bjb 7#a7 ,section #fgbb7;c77#c77;,a7 is amended-- 7,a7 by striking any information return in clause 7iii7 and inserting such payee statement1 and 7,b7 by striking filed in the flush matter at the end and inserting furnished4 7#b7 ,section #bjb7;e7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended by striking provided and inserting furnished4 7f7 ,amendments relating to section #bjc 7#a7 ,section #faji7;i77#a77;,a77i7 is amended by striking community-based certified acceptance agent and inserting community-based certifying acceptance agent4 7#b7 ,section #faji7;i77#a77;,b7 is amended by striking ,internal ,revenue ,service and inserting ,internal ,revenue ,service1 a community-based certifying acceptance agent approved by the ,secretary14 7#c7 ,section #faji7;i77#c7 is amended-- 7,a7 in subparagraph 7,a7-- 7i7 by inserting ending after the issuance of such number before the period at the end of the first sentence1 and 7ii7 by striking on the last day of such third consecutive taxable year and inserting on the day after the due date for the return of tax for such third consecutive taxable year1 and 7,b7 by striking subparagraph 7,b77ii7 and inserting the following3 7ii7 if the individual does not file a return of tax 7or is not included as a dependent on the return of tax of another taxpayer7 for #c consecutive taxable years at least one of which ends after ,december #ah1 #bjae1 the due date for the return of tax for such third consecutive taxable year4 4 7#d7 ,section #bjc7;c7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended-- 7,a7 by striking section #faji7;i77#a77;,a77i7 and inserting section #faji7;i77#a71 7,b7 by striking community-based certified acceptance agents and inserting community-based certifying acceptance agents1 and 7,c7 by striking ,certified in the heading thereof and inserting ,certifying4 7#e7 ,section #bjc7;f7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended by striking ,the amendments and inserting ,except to the extent provided in section #faji7;i77#c7 of the ,internal ,revenue ,code of #aihf1 the amendments4 7g7 ,amendments relating to section #bjd ,section #bjd7;b7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended-- 7#a7 by striking paragraph 7#b71 and 7#b7 by striking so much as precedes amendment made by this section and inserting the following3 7b7 ,effective date4--,the4 7h7 ,amendments relating to section #bje 7#a7 ,section #bd7;e77#b7 is amended by striking identifying number and inserting taxpayer identification number4 7#b7 ,section #bje7;c7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended-- 7,a7 by striking paragraph 7#b71 and 7,b7 by striking so much as precedes shall apply to any return of tax and inserting the following3 7c7 ,effective date4--,the amendments made by this section4 7i7 ,amendments relating to section #bjf ,section #bjf7;b7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended-- 7#a7 by striking ,except as provided in paragraph 7#b71 the amendment in paragraph 7#a7 and inserting ,the amendment1 and 7#b7 by striking paragraph 7#b7 and redesignating paragraph 7#c7 as paragraph 7#b74 7j7 ,amendment relating to section #bji ,section #bji7;d77#b7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended by striking amendment made by subsection 7b7 and inserting amendments made by subsections 7b7 and 7c74 7k7 ,amendments related to sections #ajb1 #bjf1 #bjg1 #bjh1 and #baa 7#a7 ,section #be;,a7b77#a7 is amended-- 7,a7 in subparagraph 7,a7 by striking #a1jjj and inserting #b1jjj1 and 7,b7 in subparagraph 7,b7-- 7i7 by striking #ej percent and inserting #be percent1 7ii7 by striking #a1jjj and inserting #b1jjj1 and 7iii7 by striking the applicable limit and inserting #d1jjj4 7#b7 ,subparagraphs 7,a7 and 7,c7 of section #be;,a7b77#b7 are amended by striking #b in the heading and text of each subparagraph and inserting #d4 7#c7 ,section #be;,a7b77#d7 is amended to read as follows3 7#d7 ,restrictions on taxpayers who improperly claimed ,american ,opportunity ,tax ,credit in prior years 7,a7 ,taxpayers making prior fraudulent or reckless claims 7i7 ,in general ,no ,american ,opportunity ,tax ,credit shall be allowed under this section for any taxable year in the disallowance period4 7ii7 ,disallowance period ,for purposes of subparagraph 7,a71 the disallowance period is-- 7,i7 the period of #aj taxable years after the most recent taxable year for which there was a final determination that the taxpayer's claim of the ,american ,opportunity ,tax ,credit under this section was due to fraud1 and 7,,ii7 the period of #b taxable years after the most recent taxable year for which there was a final determination that the taxpayer's claim of the ,american ,opportunity ,tax ,credit under this section was due to reckless or intentional disregard of rules and regulations 7but not due to fraud74 7,b7 ,taxpayers making improper prior claims ,in the case of a taxpayer who is denied the ,american ,opportunity ,tax ,credit under this section for any taxable year as a result of the deficiency procedures under subchapter ,b of chapter #fc1 no ,american ,opportunity ,tax ,credit shall be allowed under this section for any subsequent taxable year unless the taxpayer provides such information as the ,secretary may require to demonstrate eligibility for such credit4 4 7#d7 ,section #be;,a7d7 is amended to read as follows3 7d7 ,limitations based on modified adjusted gross income 7#a7 ,american ,opportunity ,tax ,credit ,the ,american ,opportunity ,tax ,credit 7determined without regard to this paragraph7 shall be reduced 7but not below zero7 by the amount which bears the same ratio to such credit 7as so determined7 as-- 7,a7 the excess of-- 7i7 the taxpayer's modified adjusted gross income for such taxable year1 over 7ii7 #hj1jjj 7#afj1jjj in the case of a joint return71 bears to 7,b7 #aj1jjj 7#bj1jjj in the case of a joint return74 7#b7 ,lifetime ,learning ,credit ,the ,lifetime ,learning ,credit 7determined without regard to this paragraph7 shall be reduced 7but not below zero7 by the amount which bears the same ratio to such credit 7as so determined7 as-- 7,a7 the excess of-- 7i7 the taxpayer's modified adjusted gross income for such taxable year1 over 7ii7 #dj1jjj 7#hj1jjj in the case of a joint return71 bears to 7,b7 #aj1jjj 7#bj1jjj in the case of a joint return74 7#c7 ,modified adjusted gross income ,for purposes of this subsection1 the term modified adjusted gross income means the adjusted gross income of the taxpayer for the taxable year increased by any amount excluded from gross income under section #iaa1 #ica1 or #icc4 4 7#e7 ,section #be;,a7f77#a7 is amended by adding at the end the following new subparagraph3 7,d7 ,required course materials taken into account for ,american ,opportunity ,tax ,credit ,for purposes of determining the ,american ,opportunity ,tax ,credit1 subparagraph 7,a7 shall be applied by substituting tuition1 fees1 and course materials for tuition and fees4 4 7#f7 ,section #be;,a7g77#a7 is amended-- 7,a7 by striking ,no credit and inserting the following3 7,a7 ,in general ,no credit 1 and 7,b7 by adding at the end the following new subparagraph3 7,b7 ,additional identification requirements with respect to ,american ,opportunity ,tax ,credit 7i7 ,student ,the requirements of subparagraph 7,a7 shall not be treated as met with respect to the ,american ,opportunity ,tax ,credit unless the individual's taxpayer identification number was issued on or before the due date for filing the return of tax for the taxable year4 7ii7 ,taxpayer ,no ,american ,opportunity ,tax ,credit shall be allowed under this section if the taxpayer identification number of the taxpayer was issued after the due date for filing the return for the taxable year4 7iii7 ,institution ,no ,american ,opportunity ,tax ,credit shall be allowed under this section unless the taxpayer includes the employer identification number of any institution to which qualified tuition and related expenses were paid with respect to the individual4 4 7#g7 ,section #be;,a7h7 is amended to read as follows3 7h7 ,inflation adjustment 7#a7 ,in general ,in the case of a taxable year beginning after #bjja1 the #dj1jjj and #hj1jjj amounts in subsection 7d77#b7 shall each be increased by an amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting calendar year #bjjj for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,rounding ,if any amount as adjusted under paragraph 7#a7 is not a multiple of #a1jjj1 such amount shall be rounded to the next lowest multiple of #a1jjj4 4 7#h7 ,section #be;,a7i7 is amended to read as follows3 7i7 ,portion of ,american ,opportunity ,tax ,credit made refundable ,forty percent of so much of the credit allowed under subsection 7a7 as is attributable to the ,american ,opportunity ,tax ,credit 7determined after application of subsection 7d7 and without regard to this paragraph and section #bf7;a77 shall be treated as a credit allowable under subpart ,c 7and not allowed under subsection 7a774 ,the preceding sentence shall not apply to any taxpayer for any taxable year if such taxpayer is a child to whom subsection 7g7 of section #a applies for such taxable year4 4 7#i7 ,the heading of section #be;,a is amended by striking ,hope and inserting ,american ,opportunity4 7#aj7 ,the item relating to section #be;,a in the table of contents for subpart ,a of part ,,iv of subchapter ,a of chapter #a is amended to read as follows3 ,sec4 #be;,a4 ,american ,opportunity and ,lifetime ,learning credits4 4 7#aa7 ,the heading of section #be;,a7b7 is amended by striking ,hope ,scholarship ,credit and inserting ,american ,opportunity ,tax ,credit4 7#ab7 ,the heading of section #be;,a7b77#b7 is amended by striking hope scholarship credit and inserting american opportunity tax credit4 7#ac7 ,the heading of section #be;,a7c77#b77;,a7 is amended by striking hope scholarship and inserting american opportunity tax credit4 7#ad7 ,section #be;,a1 as amended by the preceding provisions of this ,act1 is amended by striking ,hope ,scholarship ,credit each place it appears in the text and inserting ,american ,opportunity ,tax ,credit4 7#ae7 ,the heading of section #ebi7;c77#c77;,b77v7 is amended by striking hope and inserting american opportunity4 7#af7 ,the heading of section #ecj7;d77#b77;,c7 is amended by striking hope and inserting american opportunity4 7#ag7 ,section #fbaa7;b77#d77;,a71 as amended by this ,act1 is amended by striking subsection 7i77#e7 and inserting subsection 7i74 7#ah7 ,section #fbac7;g77#b77,q7 is amended to read as follows3 7,q7 an omission of information required by section #be;,a7b77#d77;,b7 or an entry on the return claiming the ,american ,opportunity ,tax ,credit for a taxable year for which such credit is disallowed under section #be;,a7b77#d77;,a74 4 7#ai7 ,section #bjg7;b77#a7 of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended by striking the ,american opportunity tax credit under section #be;,a7i7 of such ,code and inserting the ,american ,opportunity ,tax ,credit under section #be;,a of such ,code4 7l7 ,amendment relating to section #caa 7#a7 ,the last sentence of section #cee7;h77#b77;,b7 is amended by striking #hj percent both places it appears and inserting at least #hj percent4 7#b7 ,section #cee7;h77#b7 is amended-- 7,a7 by striking spinoffs in the heading of such paragraph and inserting distributions1 and 7,b7 by striking ,spinoffs in the headings of subparagraphs 7,a7 and 7,b7 and inserting ,distributions4 7m7 ,amendment relating to section #cah 7#a7 ,section #hef7;c77#i77;,a7 is amended-- 7,a7 by striking ,personal property and inserting the following3 7i7 ,in general ,personal property 1 and 7,b7 by adding at the end the following new clause3 7ii7 ,treatment of gain on disposition ,if-- 7,i7 personal property is leased under1 or in connection with1 a lease of real property1 for a period of not less than #a year1 and rents attributable to such personal property are treated as rents from real property under subsection 7d77#a77;,c71 7,,ii7 any portion of such personal property and any portion of such real property are sold1 or otherwise disposed of1 in a single disposition 7or contemporaneously in separate dispositions71 and 7,,iii7 the fair market value of the personal property so sold or contemporaneously disposed of 7determined at the time of disposition7 does not exceed #ae percent of the total fair market value of all of the personal and real property so sold or contemporaneously disposed of 7determined at the time of disposition71 any gain from such dispositions shall be treated for purposes of paragraphs 7#b77;,h7 and 7#c77;,h7 as gain from the disposition of a real estate asset4 4 7#b7 ,section #hef7;c77#i77;,b7 is amended to read as follows3 7,b7 ,certain personal property mortgaged in connection with real property 7i7 ,in general ,in the case of an obligation secured by a mortgage on both real property and personal property1 if the fair market value of such personal property does not exceed #ae percent of the total fair market value of all such property1 such obligation shall be treated-- 7,i7 for purposes of paragraph 7#c77;,b71 as an obligation described therein1 7,,ii7 for purposes of paragraph 7#d77;,a71 as a real estate asset1 and 7,,iii7 for purposes of paragraphs 7#b77;,d7 and 7#c77;,c71 as a mortgage on real property4 7ii7 ,determination of fair market value 7,i7 ,in general ,except as provided in subclause 7,,ii71 the fair market value of all such property shall be determined for purposes of clause 7i7 in the same manner as the fair market value of real property is determined for purposes of apportioning interest income between real property and personal property under paragraph 7#c77;,b74 7,,ii7 ,gain on disposition ,for purposes of applying clause 7i77,,iii71 fair market value shall be determined at the time of sale or other disposition4 4 7n7 ,amendments relating to section #cbb 7#a7 ,section #hig7k77#b7 is amended-- 7,a7 by striking so much of subparagraph 7,b7 as precedes amounts realized by the qualified shareholder and inserting the following3 7,b7 ,exception ,in the case of a qualified shareholder with one or more applicable investors-- 7i7 subparagraph 7,a77i7 shall not apply to the applicable percentage of the stock of the real estate investment trust held by the qualified shareholder1 and 7ii7 the applicable percentage of the 1 and 7,b7 by adding at the end the following new subparagraph3 7,f7 ,applicable percentage ,for purposes of subparagraph 7,b71 the term applicable percentage means the percentage of the value of the interests 7other than interests held solely as a creditor7 in the qualified shareholder held by applicable investors4 4 7#b7 ,section #hig7k77#b77;,d7 is amended by striking paragraph and inserting subsection4 7#c7 ,section #hig7k77#b77;,e7 is amended by striking and 7,c7 and paragraph 7#d7 and inserting and 7,d74 7#d7 ,section #hig7k77#c77;,b77i7 is amended by striking so much as precedes for a reduced rate of withholding and inserting the following3 7i7 which-- 7,i7 is eligible for benefits under the comprehensive income tax treaty described in subparagraph 7,a77i77,i71 but only if the dividends article of such treaty imposes conditions on the benefits allowable in the case of dividends paid by a real estate investment trust1 and 7,,ii7 is eligible under such treaty 4 7#e7 ,section #hig7k77#c77;,b77ii7 is amended-- 7,a7 by adding and at the end of subclause 7,,ii71 and 7,b7 by striking ,united ,states corporation in subclause 7,,iii7 and inserting domestic corporation4 7#f7 ,section #cbb of the ,protecting ,americans from ,tax ,hikes ,act of #bjae is amended by striking subsections 7b77#b7 and 7c77#c71 and the ,internal ,revenue ,code of #aihf shall be applied as if such subsections1 and amendments made thereby1 had never been enacted4 7#g7 ,section #cbb7;c77#b7 of such ,act is amended by striking take effect on and inserting the following3 apply with respect to testing periods 7as defined in section #hig7;h77#d77;,d7 of the ,internal ,revenue ,code of #aihf7 ending on or after4 7o7 ,amendments related to section #cbc 7#a7 ,so much of subsection 7l7 of section #hig as precedes paragraph 7#b7 thereof is amended to read as follows3 7l7 ,exception for qualified foreign pension funds 7#a7 ,in general ,for purposes of this section1 a qualified foreign pension fund shall not be treated as a nonresident alien individual or a foreign corporation4 ,for purposes of the preceding sentence1 an entity all the interests of which are held by a qualified foreign pension fund shall be treated as such a fund4 4 7#b7 ,subparagraph 7,b7 of section #hig7l77#b7 is amended to read as follows3 7,b7 which is established-- 7i7 by such country 7or one or more political subdivisions thereof7 to provide retirement or pension benefits to participants or beneficiaries that are current or former employees 7including self-employed individuals7 or persons designated by such employees1 as a result of services rendered by such employees to their employers1 or 7ii7 by one or more employers to provide retirement or pension benefits to participants or beneficiaries that are current or former employees 7including self-employed individuals7 or persons designated by such employees in consideration for services rendered by such employees to such employers1 4 7#c7 ,section #hig7l77#b77;,d7 is amended by striking provides annual information reporting about its beneficiaries to the relevant tax authorities and inserting with respect to which annual information about its beneficiaries is provided1 or is otherwise available1 to the relevant tax authorities4 7#d7 ,section #hig7l77#b77;,e7 is amended-- 7,a7 by striking such entity in clause 7i7 and inserting such entity or arrangement1 and 7,b7 by striking or such income is taxed at a reduced rate in clause 7ii7 and inserting 1 or such income is excluded from the gross income of such entity or arrangement or is taxed at a reduced rate4 7p7 ,amendments relating to section #ccc 7#a7 ,section #hca7;b77#b7 is amended by redesignating subparagraph 7,d7 as subparagraph 7,e7 and by inserting after subparagraph 7,c7 the following new subparagraph3 7,d7 ,look-through of reinsurance and fronting arrangements ,in the case of reinsurance or any fronting1 intermediary1 or similar arrangement1 the term policyholder means each policyholder of the underlying direct written insurance with respect to such reinsurance or arrangement4 4 7#b7 7,a7 ,subclause 7,,ii7 of section #hca7;b77#b77;,b77i7 is amended by striking specified assets and inserting relevant specified assets4 7,b7 ,section #hca7;b77#b77;,b77ii7 is amended by redesignating subclauses 7,,ii71 7,,iii71 and 7,,iv7 as subclauses 7,,iii71 7,,iv71 and 7,v71 respectively1 and by inserting after subclause 7,i7 the following new subclause3 7,,ii7 ,relevant specified assets ,the term relevant specified assets means1 with respect to any specified holder with respect to any insurance company1 the aggregate amount of the specified assets1 with respect to such insurance company1 any interest in which is held 7directly or indirectly7 by any spouse or specified relation of such specified holder4 ,such term shall not include any specified asset solely by reason of an interest in such asset which was acquired by such spouse or specified relation by bequest1 devise1 or inheritance from a decedent during the taxable year of the insurance company or the preceding taxable year4 ,for purposes of this subclause1 the term specified relation means any individual with respect to whom the specified holder bears a relationship described in subclause 7,i74 4 7q7 ,effective date ,the amendments made by this section shall take effect as if included in the provision of the ,protecting ,americans from ,tax ,hikes ,act of #bjae to which they relate4 #ajb4 ,amendment relating to ,consolidated ,appropriations ,act1 #bjaf 7a7 ,amendment relating to section #cje of division ,p ,section #aii7;c77#c77;,c77i7 is amended-- 7#a7 by inserting who elects the application of this clause for any taxable year1 after ,in the case of any taxpayer1 7#b7 by striking and who and inserting 1 and who1 7#c7 by striking the taxable year and inserting such taxable year1 and 7#d7 by striking under subsection 7d77#i77;,b7 and inserting 7as defined in subsection 7d77#i77;,b774 7b7 ,effective date ,the amendment made by this section shall take effect as if included in section #cje of division ,p of the ,consolidated ,appropriations ,act1 #bjaf4 #ajc4 ,amendments relating to ,fixing ,america's ,surface ,transportation ,act 7a7 ,amendments relating to section #cbaja 7#a7 ,section #gcde7;e77#a7 is amended-- 7,a7 by striking or the ,tax ,court and inserting 1 or against the ,commissioner in the ,tax ,court11 and 7,b7 by adding at the end the following3 ,for purposes of the preceding sentence1 the court first acquiring jurisdiction over such an action shall have sole jurisdiction44 7#b7 ,section #gcde7;f7 is amended by striking subsection 7a7 and inserting subsection 7b77#a77;,b74 7b7 ,effective date ,the amendments made by this section shall take effect as if included in section #cbaja of the ,fixing ,america's ,surface ,transportation ,act4 #ajd4 ,amendments relating to ,surface ,transportation and ,veterans ,health ,care ,choice ,improvement ,act of #bjae 7a7 ,amendment relating to section #bjjd ,section #fffb7k7 is amended to read as follows3 7k7 ,inconsistent estate basis reporting ,for purposes of this section1 there is an inconsistent estate basis if the adjusted basis of property 7to which section #ajad7;f7 applies7 claimed on a return exceeds the amount that would have been so claimed if the basis of such property had been properly determined under such section4 4 7b7 ,amendments relating to section #bjjh ,section #iejc7;e77#b7 is amended-- 7#a7 by striking per gallon in subparagraph 7,c7 and inserting per energy equivalent of a gallon of diesel 7as defined in section #djda7;a77#b77;,d771 and 7#b7 by striking per gallon in subparagraph 7,d7 and inserting per energy equivalent of a gallon of gasoline 7as defined in section #djda7;a77#b77;,c774 7c7 ,effective date ,the amendments made by this section shall take effect as if included in the provision of the ,surface ,transportation and ,veterans ,health ,care ,choice ,improvement ,act of #bjae to which they relate4 #aje4 ,amendments relating to ,stephen ,beck1 ,jr41 ,,able ,act of #bjad 7a7 ,amendments relating to section #bjh ,section #bjh7;h7 of the ,stephen ,beck1 ,jr41 ,,able ,act of #bjad is amended-- 7#a7 by striking so much as precedes made by this section and inserting the following3 7h7 ,effective date 7#a7 ,in general ,except as provided in paragraph 7#b71 the amendments 1 7#b7 by inserting 1 and statements required to be furnished1 after returns required to be filed1 and 7#c7 by adding at the end the following new paragraph3 7#b7 ,subsection 7c7 ,the amendment made by subsection 7c7 shall apply to returns or claims for refund filed after ,december #ca1 #bjad4 4 7b7 ,effective date ,the amendments made by this section shall take effect as if included in section #bjh of the ,stephen ,beck1 ,jr41 ,,able ,act of #bjad4 #ajf4 ,amendment relating to ,american ,taxpayer ,relief ,act of #bjab 7a7 ,amendment relating to section #ajd ,section #fbaa7;b77#d77;,a7 is amended by striking subsection 7i77#f7 and inserting subsection 7i77#e74 7b7 ,effective date ,the amendment made by this section shall take effect as if included in section #ajd of the ,american ,taxpayer ,relief ,act of #bjab4 #ajg4 ,amendment relating to ,united ,states-,korea ,free ,trade ,agreement ,implementation ,act 7a7 ,amendment relating to section #eja ,section #eja7;b7 of the ,united ,states-,korea ,free ,trade ,agreement ,implementation ,act is amended by striking returns required to be filed and inserting documents prepared4 7b7 ,effective date ,the amendment made by this section shall take effect as if included in section #eja of the ,united ,states-,korea ,free ,trade ,agreement ,implementation ,act4 #ajh4 ,amendment relating to ,,safetea-,,lu 7a7 ,amendment relating to section #aaabe ,section #efha7;b7 is amended by striking who has paid the special tax 7or who is exempt from payment of such special tax by reason of the provisions of section #eaac7;a77 and inserting who meets the requirements of section #eaba7;a7 and section #eabd 7or who is exempt from such requirements by reason of section #eaba7;b774 7b7 ,effective date ,the amendment made by this section shall take effect as if included in section #aaabe of the ,safe1 ,accountable1 ,flexible1 ,efficient ,transportation ,equity ,act3 ,a ,legacy for ,users4 #aji4 ,amendment relating to the ,american ,jobs ,creation ,act of #bjjd 7a7 ,amendment relating to section #cai ,section #eja7;c77#ab77;,e7 is amended by striking means the ,federal ,energy ,regulatory ,commission and all that follows and inserting3 means-- 7i7 the ,federal ,energy ,regulatory ,commission1 and 7ii7 in the case of any utility with respect to which all of the electricity generated1 transmitted1 or distributed by such utility is generated1 transmitted1 distributed1 and consumed in the same ,state1 the ,state agency of such ,state with the authority to regulate electric utilities4 4 7b7 ,effective date ,the amendment made by this section shall take effect as if included in section #cai of the ,american ,jobs ,creation ,act of #bjjd4 ,,ii ,technical corrections related to partnership audit rules #bja4 ,scope of adjustments subject to partnership audit rules 7a7 ,in general ,section #fbda7b7 is amended to read as follows3 7#b7 ,partnership adjustment 7,a7 ,in general ,the term partnership adjustment means any adjustment to a partnership-related item4 7,b7 ,partnership-related item ,the term partnership-related item means-- 7i7 any item or amount with respect to the partnership 7without regard to whether or not such item or amount appears on the partnership's return and including any item or amount relating to any transaction with1 basis in1 or liability of1 the partnership7 which is relevant 7determined without regard to this subchapter7 in determining the tax liability of any person under chapter #a1 and 7ii7 any partner's distributive share of any item or amount described in clause 7i74 4 7b7 ,coordination with other chapters ,section #fbda is amended by adding at the end the following new paragraph3 7#i7 ,coordination with other chapters ,this subchapter shall not apply with respect to any tax imposed 7or any amount required to be deducted or withheld7 under chapter #b1 #b;,a1 #c1 or #d1 except that any partnership adjustment determined under this subchapter for purposes of chapter #a shall be taken into account for purposes of determining any such tax to the extent that such adjustment is relevant to such determination4 4 7c7 ,conforming amendments 7#a7 ,section #fbaa7;c7 is amended to read as follows3 7c7 ,coordination with subchapter ,c ,in determining the amount of any deficiency for purposes of this subchapter1 adjustments to partnership-related items shall be made only as provided in subchapter ,c4 4 7#b7 ,section #fbba7;a7 is amended to read as follows3 7a7 ,in general ,any adjustment to a partnership-related item shall be determined1 and any tax attributable thereto shall be assessed and collected1 and the applicability of any penalty1 addition to tax1 or additional amount which relates to an adjustment to any such item shall be determined1 at the partnership level1 except to the extent otherwise provided in this subchapter4 4 7#c7 ,section #fbbb7;a7 is amended to read as follows3 7a7 ,in general ,a partner shall1 on the partner's return1 treat any partnership-related item in a manner which is consistent with the treatment of such item on the partnership return4 4 7#d7 ,section #fbbf7;a77#b7 is amended by striking any adjustment to income1 gain1 loss1 deduction1 or credit and inserting any adjustment to a partnership-related item4 7#e7 ,section #fbbg7;a7 is amended by striking items of income1 gain1 loss1 deduction1 or credit of the partnership and inserting partnership-related items4 7#f7 ,section #fbca7;a77#a7 is amended by striking any item of income1 gain1 loss1 deduction1 or credit of a partnership for a partnership taxable year and inserting any partnership-related item for any partnership taxable year4 7#g7 ,section #fbcd7;c7 is amended by striking all items of income1 gain1 loss1 deduction1 or credit of the partnership and inserting all partnership-related items4 #bjb4 ,determination of imputed underpayments 7a7 ,in general ,section #fbbe7;b7 is amended to read as follows3 7b7 ,determination of imputed underpayments ,for purposes of this subchapter-- 7#a7 ,in general ,except as otherwise provided in this section1 any imputed underpayment with respect to any reviewed year shall be determined by the ,secretary by-- 7,a7 appropriately netting all partnership adjustments with respect to such reviewed year1 and 7,b7 applying the highest rate of tax in effect for the reviewed year under section #a or #aa4 7#b7 ,adjustments to distributive shares of partners not netted ,in the case of any adjustment which reallocates the distributive share of any item from one partner to another1 such adjustment shall be taken into account by disregarding so much of such adjustment as results in a decrease in the amount of the imputed underpayment4 7#c7 ,adjustments separately netted by category ,for purposes of paragraph 7#a77;,a71 partnership adjustments for any reviewed year shall first be separately determined 7and netted as appropriate7 within each category of items that are required to be taken into account separately under section #gjb7;a7 or other provision of this title4 7#d7 ,limitation on adjustments that may be taken into account ,if any adjustment would 7but for this paragraph7-- 7,a7 result in a decrease in the amount of the imputed underpayment1 and 7,b7 could be subject to any additional limitation under the provisions of this title 7or not allowed1 in whole or in part1 against ordinary income7 if such adjustment were taken into account by any person1 such adjustment shall not be taken into account under paragraph 7#a77;,a7 except to the extent otherwise provided by the ,secretary4 4 7b7 ,conforming amendments 7#a7 ,section #fbbe7;a7 is amended to read as follows3 7a7 ,in general ,in the case of any adjustments by the ,secretary to any partnership-related items with respect to any reviewed year of a partnership-- 7#a7 if such adjustments result in an imputed underpayment1 the partnership shall pay an amount equal to such imputed underpayment in the adjustment year as provided in section #fbcb1 and 7#b7 if such adjustments do not result in an imputed underpayment1 such adjustments shall be taken into account by the partnership in the adjustment year4 4 7#b7 ,section #fbbe7;c7 is amended by adding at the end the following new paragraph3 7#i7 ,modification of adjustments not resulting in an imputed underpayment ,the ,secretary shall establish procedures under which the adjustments described in subsection 7a77#b7 may be modified in such manner as the ,secretary determines appropriate4 4 #bjc4 ,alternative procedure to filing amended returns for purposes of modifying imputed underpayment 7a7 ,in general ,section #fbbe7;c77#b7 is amended to read as follows3 7#b7 ,procedures for partners to take adjustments into account 7,a7 ,amended returns of partners ,such procedures shall provide that if-- 7i7 one or more partners file returns for the taxable year of the partners which includes the end of the reviewed year of the partnership 7and for any taxable year with respect to which any tax attribute is affected by reason of any adjustment referred to in clause 7ii771 7ii7 such returns take into account all adjustments under subsection 7a7 properly allocable to such partners 7and the effect of such adjustments on any tax attributes71 and 7iii7 payment of any tax due is included with such returns1 then the imputed underpayment amount shall be determined without regard to the portion of the adjustments so taken into account4 7,b7 ,alternative procedure to filing amended returns ,such procedures shall provide that1 with respect to any partner referred to in subparagraph 7,a71 the requirements of subparagraph 7,a7 shall be treated as satisfied with respect to adjustments properly allocable to such partner if1 in lieu of filing the returns described in such subparagraph-- 7i7 the amounts described in subparagraph 7,a77iii7 are paid by the partner1 7ii7 the adjustments to the tax attributes of such partner referred to in subparagraph 7,a77ii7 are binding with respect to all subsequent taxable years of the partner1 and 7iii7 such partner provides1 in the form and manner specified by the ,secretary 7including1 if the ,secretary so specifies1 in the same form as on an amended return71 such information as the ,secretary may require to carry out this subparagraph4 7,c7 ,reallocation of distributive share ,in the case of any adjustment which reallocates the distributive share of any item from one partner to another1 this paragraph shall apply with respect to any such partner only if the requirements of subparagraph 7,a7 or 7,b7 are satisfied with respect to all partners affected by such adjustment4 7,d7 ,application of statute of limitations ,sections #feja and #feaa shall not apply with respect to any return filed for purposes of subparagraph 7,a77i7 or any amount paid under subparagraph 7,a77iii7 or 7,b77i71 but only with respect to adjustments referred to in subparagraph 7,a77ii74 7,e7 ,application to tiered partnerships ,in the case of any partnership any partner of which is a partnership1 except as otherwise provided by the ,secretary1 subparagraph 7,b7 shall apply with respect to any partner in the chain of ownership of such partnerships4 ,for purposes of applying the preceding sentence1 an ,s corporation and its shareholders shall be treated in the same manner as a partnership and its partners4 4 7b7 ,conforming amendment ,section #fbja7;a77#a7 is amended by inserting 7or payments under section #fbbe7;c77#b77;,b77i77 after returns or lists4 #bjd4 ,treatment of passthrough partners in tiered structures 7a7 ,in general ,section #fbbf7;b7 is amended by adding at the end the following new paragraph3 7#d7 ,treatment of partnerships in tiered structures 7,a7 ,in general ,if a partner which receives a statement under subsection 7a77#b7 is a partnership or an ,s corporation1 such partner shall1 with respect to the partner's share of the adjustment-- 7i7 file with the ,secretary a partnership adjustment tracking report which includes such information as the ,secretary may require1 and 7ii7 either-- 7,i7 pay the imputed underpayment under rules similar to the rules of section #fbbe 7other than paragraphs 7#b77;,a71 7#f71 7#g71 and 7#i7 of subsection 7c7 thereof71 or 7,,ii7 furnish statements under rules similar to the rules of subsection 7a77#b74 7,b7 ,due date ,for purposes of subparagraph 7,a71 with respect to a partner's share of the adjustment1 the partnership adjustment tracking report shall be filed1 and the imputed underpayment shall be paid or statements shall be furnished1 not later than the due date for the return for the taxable year of the audited partnership which includes the date the final determination was made with respect to such partnership4 7,c7 ,partnership payment of tax not permitted if elected out of subchapter ,in the case of a partnership which has elected the application of section #fbba7;b7 with respect to the taxable year of the partnership which includes the end of the reviewed year of the audited partnership1 this paragraph shall apply notwithstanding such election1 except that subparagraph 7,a7 shall be applied without regard to clause 7ii77,i7 thereof4 7,d7 ,audited partnership ,for purposes of this paragraph1 the term audited partnership means1 with respect to any partner described in subparagraph 7,a71 the partnership in the chain of ownership originally electing the application of this section4 4 7b7 ,conforming amendments 7#a7 ,section #fbbf7;b77#a7 is amended by striking ,each partner's and inserting ,except as provided in paragraph 7#d71 each partner's4 7#b7 ,section #fbbf7;c77#b7 is amended by inserting or which is described in subsection 7b77#d77;,a77ii77,i71 after is elected14 #bje4 ,treatment of failure of partnership ,to pay imputed underpayment ,section #fbcb is amended by adding at the end the following new subsection3 7f7 ,failure ,to pay imputed underpayment 7#a7 ,in general ,if any amount of any imputed underpayment to which section #fbbe applies or which is described in section #fbbf7;b77#d77;,a77ii77,i7 7or any interest or penalties with respect to any such amount7 has not been paid by the date which is #aj days after the date on which the ,secretary provides notice and demand for such payment-- 7,a7 section #ffba7;a77#b77;,b7 shall be applied by substituting #e percentage points for #c percentage points with respect to such amount1 and 7,b7 the ,secretary may assess upon each partner of the partnership 7determined as of the close of the adjustment year7 a tax equal to such partner's proportionate share of such amount 7including any such interest or penalties1 determined after application of subparagraph 7,a774 7#b7 ,proportionate share ,for purposes of paragraph 7#a71 a partner's proportionate share is such percentage as the ,secretary may determine on the basis of such partner's distributive share of items under section #gjb4 ,the ,secretary shall make determinations under the preceding sentence such that the aggregate proportionate shares so determined total #ajj percent4 7#c7 ,coordination with partnership liability ,the liability of the partnership for any amount with respect to which a partner is made liable under paragraph 7#a7 shall be reduced upon payment by the partner of such amount4 ,paragraph 7#a77;,b7 shall not apply with respect to any amount after the date on which such amount is paid by the partnership4 7#d7 ,s corporations ,for purposes of this subsection1 an ,s corporation and its shareholders shall be treated in the same manner as a partnership and its partners4 7#e7 ,rules related to assessment and collection 7,a7 ,deficiency procedures not applicable ,subchapter ,b shall not apply to any assessment or collection under this paragraph4 7,b7 ,limitation on assessment ,except as otherwise provided in this chapter1 no assessment may be made with respect to any partner with respect to an amount under paragraph 7#a7 7and no levy or proceeding in any court for the collection of such amount may begin7 after the date which is #b years after the date on which the ,secretary provides notice and demand to the partnership with respect to such amount4 4 #bjf4 ,other technical corrections related to partnership audit rules 7a7 ,limitation on amendment of statements furnished to partners not applicable to partnerships electing out of partnership audit rules ,section #fjca7;b7 is amended by striking the last sentence and inserting the following3 ,information required to be furnished by the partnership under this subsection may not be amended after the due date of the return under subsection 7a7 to which such information relates1 except-- 7#a7 in the case of a partnership which has elected the application of section #fbba7;b7 for the taxable year1 7#b7 as provided in the procedures under section #fbbe7;c71 7#c7 with respect to statements under section #fbbf1 or 7#d7 as otherwise provided by the ,secretary4 4 7b7 ,administrative adjustment request and partnership adjustment tracking report not treated as amended return for purposes of modification of imputed underpayments ,section #fbbe7;c77#b71 as amended by the preceding provisions of this ,act1 is amended by adding at the end the following new subparagraph3 7,f7 ,adjustments not treated as amended return ,an administrative adjustment request under section #fbbg and a partnership adjustment tracking report under section #fbbf7;b77#d77;,a7 shall not be treated as a return for purposes of this paragraph4 4 7c7 ,clarification of final determination with respect to partnership adjustment 7#a7 ,in general ,section #fbbf7;a77#b7 is amended by striking in the notice of final partnership adjustment and inserting by reference to the final determination with respect to such adjustment4 7#b7 ,final determination ,section #fbbe7;d7 is amended by adding at the end the following new paragraph3 7#c7 ,final determination ,the final determination is made with respect to an adjustment on the date on which-- 7,a7 in the case of an adjustment pursuant to the decision of a court in a proceeding brought under section #fbcd1 such decision becomes final1 7,b7 in the case of an administrative adjustment request under section #fbbg1 such administrative adjustment request is filed1 or 7,c7 in any other case1 #ij days after the date on which the notice of the final partnership adjustment is mailed under section #fbca4 4 7#c7 ,conforming amendments 7,a7 ,section #fbbe7;d77#b7 is amended by striking in which-- and all that follows and inserting in which the final determination is made with respect to the adjustment44 7,b7 ,section #fbbg7;b7 is amended by striking is made both places it appears and inserting is filed4 7d7 ,clarification of assessment authority ,section #fbbf7;a7 is amended by inserting 7and no assessment of tax1 levy1 or proceeding in any court for the collection of such underpayment shall be made against such partnership7 after section #fbbe shall not apply with respect to such underpayment4 7e7 ,treatment of partnership adjustments that result in decrease in tax in case of election ,to push out adjustments ,section #fbbf7;b7 is amended-- 7#a7 by striking increased in paragraph 7#a7 and inserting adjusted1 7#b7 by striking adjustment amounts each place it appears in paragraphs 7#a7 and 7#b7 and inserting correction amounts1 7#c7 by striking increase each place it appears in subparagraphs 7,a7 and 7,b7 of paragraph 7#b7 and inserting increase or decrease1 7#d7 by striking plus at the end of paragraph 7#b77;,a7 and inserting and1 and 7#e7 by striking ,adjustment amounts in the heading of paragraph 7#b7 and inserting ,correction amounts4 7f7 ,time limitation for notice of proposed adjustment 7#a7 ,in general ,section #fbca is amended by redesignating subsections 7b7 and 7c7 as subsections 7c7 and 7d71 respectively1 and by inserting after subsection 7a7 the following new subsection3 7b7 ,timing of notices 7#a7 ,notice of proposed partnership adjustment ,any notice of a proposed partnership adjustment shall not be mailed later than the date determined under section #fbce 7determined without regard to paragraphs 7#b7 and 7#c7 of subsection 7a7 thereof74 7#b7 ,notice of final partnership adjustment 7,a7 ,in general ,except to the extent that the partnership elects to waive the application of this subparagraph1 any notice of a final partnership adjustment shall not be mailed earlier than #bgj days after the date on which the notice of the proposed partnership adjustment is mailed4 7,b7 ,statute of limitations on adjustment ,for the period of limitations on making adjustments1 see section #fbce4 4 7#b7 ,conforming amendment ,section #fbca7;a7 is amended by striking ,any notice of a final partnership adjustment and all that follows through ,such notices and inserting ,any notice of a final partnership adjustment4 7g7 ,deposit ,to suspend interest on imputed underpayment ,section #fbcc is amended by adding at the end the following new subsection3 7c7 ,deposit ,to suspend interest ,for rules allowing deposits to suspend running of interest on potential underpayments1 see section #ffjc4 4 7h7 ,treatment of special enforcement matters ,section #fbda1 as amended by the preceding provisions of this ,act1 is amended by adding at the end the following new paragraph3 7#aj7 ,treatment of special enforcement matters 7,a7 ,in general ,in the case of partnership-related items which involve special enforcement matters1 the ,secretary may prescribe regulations pursuant to which-- 7i7 this subchapter 7or any portion thereof7 does not apply to such items1 and 7ii7 such items are subject to such special rules 7including rules related to assessment and collection7 as the ,secretary determines to be necessary for the effective and efficient enforcement of this title4 7,b7 ,special enforcement matters ,for purposes of subparagraph 7,a71 the term special enforcement matters means-- 7i7 failure to comply with the requirements of section #fbbf7;b77#d77;,a77ii71 7ii7 assessments under section #fhea 7relating to termination assessments of income tax7 or section #fhfa 7relating to jeopardy assessments of income1 estate1 gift1 and certain excise taxes71 7iii7 criminal investigations1 7iv7 indirect methods of proof of income1 7v7 foreign partnerships1 and 7vi7 other matters that the ,secretary determines by regulation present special enforcement considerations4 4 7i7 ,penalties related to administrative adjustment requests and partnership adjustment tracking reports 7#a7 ,failure to pay ,section #ffea is amended by redesignating subsection 7i7 as subsection 7j7 and by inserting after subsection 7h7 the following new subsection3 7i7 ,application to imputed underpayment ,for purposes of this section1 any failure to comply with section #fbbf7;b77#d77;,a77ii7 shall be treated as a failure to pay the amount described in subclause 7,i7 thereof and such amount shall be treated for purposes of this section as an amount shown as tax on a return specified in subsection 7a77#a74 4 7#b7 ,failure to file partnership adjustment tracking report ,section #ffih7;a7 is amended-- 7,a7 in the matter preceding paragraph 7#a7 by inserting 1 or a partnership adjustment tracking report under section #fbbf7;b77#d77;,a71 after under section #fjca1 7,b7 in paragraph 7#a7 by inserting 1 or such report1 after such return1 and 7,c7 in paragraph 7#b7-- 7i7 by inserting or a report after a return1 and 7ii7 by inserting or #fbbf7;b77#d77;,a71 respectively before the comma at the end4 7#c7 ,tax return preparer related penalties ,section #ffif7;e77#a7 is amended by inserting 1 any administrative adjustment request under section #fbbg1 and any partnership adjustment tracking report under section #fbbf7;b77#d77;,a7 before the period at the end4 7#d7 ,frivolous tax submissions ,section #fgjb is amended by adding at the end the following new subsection3 7f7 ,partnership adjustments ,an administrative adjustment request under section #fbbg and a partnership adjustment tracking report under section #fbbf7;b77#d77;,a7 shall be treated as a return for purposes of this section4 4 7j7 ,adjusted ,schedule ,k-#a treated as payee statement ,section #fgbd7;d77#b7 is amended by striking or at the end of subparagraph 7,,hh71 by striking the period at the end of subparagraph 7,,ii7 and inserting 1 or1 and by inserting after subparagraph 7,,ii7 the following new subparagraph3 7,,jj7 section #fbbf7;a77#b7 7relating to statements relating to alternative to payment of imputed underpayment by partnership7 or under any other provision of this title which provides for the application of rules similar to such section4 4 7k7 ,clerical corrections 7#a7 ,section #fbcb7;d77#a77;,a7 is amended by striking a item and inserting an item4 7#b7 ,section #fbcb7;e7 is amended by striking thereof4 7#c7 ,section #fbce7;a7 is amended by striking subpart and inserting subchapter4 7#d7 ,section #fbce7;a77#c7 is amended by striking section #fbbe7;c77#g7 and inserting section #fbbe7;c77#g774 7#e7 ,section #fbda7e7 is amended by striking sections #fbcd and inserting section #fbcd4 7#f7 ,the heading of the first part of subchapter ,c of chapter #fc is amended to read as follows3 ,i ,in general 4 7#g7 ,the heading of the second part of subchapter ,c of chapter #fc is amended to read as follows3 ,,ii ,partnership adjustments 4 7#h7 ,the heading of the third part of subchapter ,c of chapter #fc is amended to read as follows3 ,,iii ,procedure 4 7#i7 ,the heading of the fourth part of subchapter ,c of chapter #fc is amended to read as follows3 ,,iv ,definitions and special rules 4 #bjg4 ,effective date ,the amendments made by this title shall take effect as if included in section #aaja of the ,bipartisan ,budget ,act of #bjae4 ,,iii ,other corrections #cja4 ,amendments relating to the ,bipartisan ,budget ,act of #bjae 7a7 ,amendments relating to section #aaja 7#a7 ,section #fjaa7;e7 is amended by adding at the end the following new paragraph3 7#e7 ,special rules for partnerships 7,a7 ,partnerships permitted to be required to file on magnetic media ,in the case of a partnership1 paragraph 7#b77;,a7 shall be applied by substituting for #bej the following amount3 7i7 ,in the case of returns and statements relating to calendar year #bjah1 #bjj4 7ii7 ,in the case of returns and statements relating to calendar year #bjai1 #aej4 7iii7 ,in the case of returns and statements relating to calendar year #bjbj1 #ajj4 7iv7 ,in the case of returns and statements relating to calendar year #bjba1 #ej4 7v7 ,in the case of returns and statements relating to calendar years after #bjba1 #bj4 7,b7 ,partnerships required to file on magnetic media ,notwithstanding subparagraph 7,a7 and paragraph 7#b77;,a71 the ,secretary shall require partnerships having more than #ajj partners to file returns on magnetic media4 4 7#b7 ,section #fjaa7;e77#b7 is amended by striking the last sentence4 7b7 ,effective date ,the amendments made by this section shall take effect as if included in section #aaja of the ,bipartisan ,budget ,act of #bjae4 #cjb4 ,amendments relating to the ,energy ,policy ,act of #bjje 7a7 ,amendments relating to section #abec 7#a7 ,subclause 7,,ii7 of section #afh7;e77#c77;,b77vi7 is amended by striking is a qualifying small power production facility and all that follows and inserting has a power production capacity of not greater than #hj megawatts1 or4 7#b7 ,the last sentence of section #afh7;e77#c77;,b7 is amended by striking clause 7vi77,i7 and all that follows and inserting subclause 7,i7 or 7,,ii7 of clause 7vi7 by reason of being public utility property44 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after the date of the enactment of this ,act4 ,,iv ,clerical corrections and deadwood #dja4 ,clerical corrections and deadwood-related provisions 7a7 ,clerical corrections 7#a7 ,the table of subchapters for chapter #a is amended by moving the item relating to subchapter ,r before the item relating to subchapter ,s4 7#b7 7,a7 ,sections #bb7;c77#c77;,a77i77,,iii71 #ajd7;b77#b77;,d71 #adj7;a77#c71 and #adi7;b77#c77;,a77i7 are each amended by striking ,veterans' ,administration and inserting ,department of ,veterans ,affairs4 7,b7 ,the heading of section #dihj;,h7c77#b77;,f7 is amended by striking ,veterans ,administration and inserting ,department of ,veterans ,affairs4 7,c7 ,section #fjej;,h7h77#c77;,b77i7 is amended by striking ,veterans ,administration and inserting ,department of ,veterans ,affairs4 7#c7 ,section #bd7;d7 is amended by redesignating paragraph 7#e7 as paragraph 7#c74 7#d7 ,section #be;,c7b77#b7 is amended by striking subsection 7c77#b77;,b7 and inserting subsection 7c77#c77;,b74 7#e7 ,section #be;,c7d77#c7 is amended-- 7,a7 by striking the period at the end of subparagraph 7,b7 and inserting a comma1 and 7,b7 by striking the period at the end of subparagraph 7,d7 and inserting 1 and4 7#f7 ,section #be;,c7g77#b7 is amended by striking #bjaf44 and inserting #bjaf44 7#g7 ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a is amended-- 7,a7 by striking the item relating to section #da which relates to the employee stock ownership credit1 and 7,b7 by moving the item relating to section #de,k after the item relating to section #de;,j4 7#h7 ,section #ch7;b77#cd7 is amended by adding a comma at the end4 7#i7 ,the heading of section #dj7;g77#b7 is amended by striking ,aggregration and inserting ,aggregation4 7#aj7 ,the heading of section #db7;e77#b77;,b7 is amended by striking etc1 and inserting etc414 7#aa7 7,a7 ,section #db7;d77#d77;,c77i7 is amended by striking as defined in paragraph 7#e77;,c7 and inserting as defined in paragraph 7#e77;,b77ii74 7,b7 ,section #db7;f77#e77;,b77ii77,i7 is amended by striking 7d77#f77;,c7 and inserting 7d77#f77;,b74 7,c7 ,section #db7k77#b77;,b7 is amended-- 7i7 by striking 7d77#f77;,b7 and inserting 7d77#f77;,c71 and 7ii7 by striking building44 in clause 7ii7 and inserting building44 7,d7 ,section #db7m77#a77;,b77ii77,,iii7 is amended by striking as defined in subsection 7d77#e77;,c7 and inserting as defined in subsection 7d77#e77;,b77ii74 7#ab7 ,section #db7;h77#e77;,c77ii7 is amended by striking 2 and and inserting 1 and4 7#ac7 ,section #db7;i77#c77;,d77ii77,i7 is amended by striking the period at the end4 7#ad7 ,section #de7;c77#f7 is amended by striking section #b7bg7 and inserting section #ajjd7bg74 7#ae7 ,section #de7;c77#g77;,a77i77,,ii7 is amended by striking for purpose and inserting for the purpose4 7#af7 ,section #de7;c77#g77;,a77i77,,iii7 is amended by striking the period at the end and inserting 1 or4 7#ag7 ,section #de;,c7b77#b77;,a77ii77,,ii7 is amended by striking 2 and and inserting 1 and4 7#ah7 ,section #de;,d7f77#a77;,f7 is amended by adding 1 and at the end4 7#ai7 ,section #de;,h7d7 is amended by striking purposes this and inserting purposes of this4 7#bj7 ,section #dh7;a77#a7 is amended by striking 7#c77;,b71 and 7#d77;,b7 and inserting and 7#c77;,b74 7#ba7 ,section #dh7;a77#f77;,b7 is amended by striking property energy property and inserting energy property4 7#bb7 ,section #dh7;c77#b77;,b7 is amended by striking equal #bjj and inserting equal to #bjj4 7#bc7 ,section #dh7;d77#c7 is amended-- 7,a7 by striking shall in the matter that precedes subparagraph 7,a71 and 7,b7 by inserting shall before not in subparagraph 7,a74 7#bd7 ,section #di7;a77#a77;,d77iii7 is amended by striking share-holder in the last sentence and inserting shareholder4 7#be7 ,section #ej7;b77#b77;,a7 is amended by striking the period at the end and inserting a semicolon4 7#bf7 ,section #ea7;c77#d7 is amended by adding a period at the end4 7#bg7 ,section #ea7;d77#c77;,a77ii77,,ii7 is amended by adding a comma at the end4 7#bh7 ,section #ea7;d77#h7 is amended by striking food stamp recipient in the heading thereof and inserting supplemental nutrition assistance program benefits recipient4 7#bi7 ,section #ea7;i77#a77;,a7 is amended by striking entity1 and inserting entity4 7#cj7 ,the item relating to section #ed;,c in the table of sections for subpart ,i of part ,,iv of subchapter ,a of chapter #a is amended to read as follows3 ,sec4 #ed;,c4 ,new clean renewable energy bonds4 4 7#ca7 ,section #eh7;a77#b77;,a7 is amended by striking #dfa7;j7 and inserting #dfa7k74 7#cb7 ,section #fb7;a77#bj7 is amended by inserting a comma after ,united ,states ,code4 7#cc7 ,section #fb7;e77#a7 is amended by striking 7#b ,u4,s4,c4 #abjb7 and inserting 7#db ,u4,s4,c4 #bjjj;e-#af;b74 7#cd7 ,section #fh7;b77#b7 is amended by striking shall be shall be and inserting shall be4 7#ce7 ,the heading of section #hb is amended by striking for expenses of moving and inserting of moving expenses4 7#cf7 ,the heading of section #hd is amended by striking political organization and inserting political organizations4 7#cg7 ,section #aje7;h77#g77;,b7 is amended by striking subparagraph 7,a7 and inserting subparagraph 7,a774 7#ch7 ,section #abe7;e77#b7 is amended by striking subparagraphs and inserting subparagraph4 7#ci7 ,section #acb7;c77#d7 is amended by striking peforming and inserting performing4 7#dj7 ,section #acd7;b77#f7 is amended by striking an combat and inserting a combat4 7#da7 ,section #aci7;c77#b7 is amended by striking federally and inserting a federally4 7#db7 ,section #aci;,e7c77#a7 is amended by striking 7#dc ,u4,s4,c4 #afja1 et seq47 and inserting 7#dc ,u4,s4,c4 #afja et seq474 7#dc7 ,section #aci;,e7c77#c7 is amended by striking #bjac and inserting #bjad4 7#dd7 ,the item relating to section #adc in the table of sections for subpart ,a of part ,,iv of subchapter ,b of chapter #a is amended to read as follows3 ,sec4 #adc4 ,mortgage revenue bonds2 qualified mortgage bond and qualified veterans' mortgage bond4 4 7#de7 ,section #ada7;e77#b7 is amended by striking 1 and and inserting a period4 7#df7 ,section #adb7;d77#b77;,c7 is amended by inserting section before #db7;i77#c77;,d74 7#dg7 ,section #adh7;f77#d77;,c77xiv7 is amended by striking subpargraph and inserting subparagraph4 7#dh7 ,section #afc7;e77#e77;,c77ii7 is amended by inserting in before subsection 7i77#a77;,b74 7#di7 ,section #afh7;d77#c77;,b77i7 is amended by inserting a comma after real property4 7#ej7 ,section #afh7;e77#c77;,c77i7 is amended by striking and4 7#ea7 ,section #afi7;d77#e77;,b7 is amended by inserting a before facility4 7#eb7 ,section #agj7;b77#a77;,a77ix7 is amended by inserting ,national before ,agricultural4 7#ec7 ,section #agb7;d77#e7 is amended by striking section #bdc and inserting sections #bdc4 7#ed7 ,section #agi;,d7d77#a77;,b7 is amended by striking which and inserting such that4 7#ee7 ,section #aii is amended by striking so much of subsection 7a7 as precedes ,there shall be allowed and inserting 7a7 ,allowance of deduction4--4 7#ef7 ,section #bai7;f77#a7 is amended by striking term compensation includes in the last sentence and inserting term compensation includes4 7#eg7 ,section #bai7;g77#h7 is amended by striking shall each be and inserting shall be4 7#eh7 ,section #bbc7;d77#b77;,a7 is amended by striking section #bac7;d7 and inserting section #bac7;d774 7#ei7 ,the item relating to section #bhj;,h in the table of sections for part ,,ix of subchapter ,b of chapter #a is amended to read as follows3 ,sec4 #bhj;,h4 ,limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years4 4 7#fj7 ,subparagraphs 7,f7 and 7,g7 of section #bfc7;a77#a7 are each amended by striking the semicolon at the end and inserting a comma4 7#fa7 ,section #bfc7;a77#a7 is amended by redesignating subparagraphs 7,i7 through 7,l7 as subparagraphs 7,h7 through 7,k71 respectively4 7#fb7 ,section #bhj;,c7a7 is amended by striking and #acif7;a71 and inserting #acif7;a714 7#fc7 ,section #bhj;,f7d77#d77;,a77iv7 is amended by striking and at the end and inserting and4 7#fd7 ,the heading of section #cca is amended by striking shareholders and inserting shareholder4 7#fe7 ,section #cch7;h77#c77;,a77iii7 is amended by striking paragaraph and inserting paragraph4 7#ff7 ,the second sentence of section #cee7;h77#b77;,b7 is amended by striking of assets4 7#fg7 ,the heading of subpart ,c of part ,,iii of subchapter ,c of chapter #a is amended by striking corporation and inserting corporations4 7#fh7 ,section #cfb7;a7 is amended by striking the comma after acquired4 7#fi7 ,section #cfh7;a77#b77;,f77vii7 is amended by striking 7#ae ,u4,s4,c4 #hj;a-#b7cf77 and inserting 7#ae ,u4,s4,c4 #hj;a-#b7;a77#cf774 7#gj7 ,section #dja7;a77#b7 is amended by striking determination742 and inserting determination7724 7#ga7 ,section #dja7;a77#ae7 is amended by striking a trust and inserting ,a trust4 7#gb7 ,section #dja7;a77#cb77;,a7 is amended by striking section section both places it appears and inserting section4 7#gc7 ,section #dja7;c77#b77;,a77iii7 is amended by striking sections #caba7;d77#c77;,a71 7,c71 or 7,d71 without regard to paragraph 7#b7 of section #adjb7;c7 and inserting subparagraph 7,a71 7,c71 or 7,d7 of section #caba7;d77#c71 without regard to section #adjb7;c77#b74 7#gd7 ,section #djb7;i7 is amended by striking subparagraph 7,a7 of subsection 7d77#d7 and inserting subsection 7e77#d77;,d77i74 7#ge7 ,section #djd;,a7c77#d77;,b7 is amended by striking and at the end4 7#gf7 ,section #djh7;a77#a7 is amended by inserting or after subsection 7d77#c74 7#gg7 ,section #djh7m77#c77;,b7 is amended by striking section #g and inserting section #e4 7#gh7 ,section #djh;,a7d77#c77;,b7 is amended by adding a period at the end4 7#gi7 ,section #djh;,a7e77#b77;,b7 is amended by striking the subparagraph 7,a7 and inserting subparagraph 7,a74 7#hj7 ,section #dji7n77#a77;,a77i7 is amended by striking securities111 and inserting securities14 7#ha7 ,section #dji;,a7b77#c77;,b77i7 is amended by striking the semicolon at the end and inserting a comma4 7#hb7 ,the item relating to section #dac in the table of sections for subpart ,b of part ,i of subchapter ,d of chapter #a is amended to read as follows3 ,sec4 #dac4 ,collectively bargained plans1 etc4 4 7#hc7 ,section #daa7;a77#d77;,a7 is amended by striking the comma at the end and inserting a semicolon4 7#hd7 ,section #daa7;b77#e77;,b77iv7 is amended by striking similar amount and inserting similar account4 7#he7 ,section #dab7;c77#a77;,a7 is amended by adding a period at the end4 7#hf7 ,section #dab7;c77#d77;,b7 is amended by inserting section before #dcc7;d74 7#hg7 ,section #dab7;c77#g77;,b77iii7 is amended by striking the comma after subchapter ,d4 7#hh7 ,section #dad7l77#b77;,g7 is amended by striking banks in the heading thereof and inserting depository institutions4 7#hi7 ,section #dad7u77#f7 is amended by striking section #djc7;b7 and inserting section #djc7;b774 7#ij7 ,section #dad7x77#a7 is amended by striking are and inserting is4 7#ia7 ,section #dad7y77#a77;,c77i7 is amended by striking of such ,code4 7#ib7 ,section #dad7y77#b7 is amended by striking subparagraph and inserting subparagraphs4 7#ic7 ,section #dah;,e is amended by striking subsection #dcb7;b77#b7 each place it appears and inserting section #dcb7;b77#b74 7#id7 ,section #dah;,e7d77#a71 as amended by the preceding paragraph1 is amended-- 7,a7 by striking section #dcb7;b77#b711 and inserting section #dcb7;b77#b711 and 7,b7 by striking section #dcb7;b77#b717 and inserting section #dcb7;b77#b774 7#ie7 ,section #dah;,e7e77#a77;,a7 is amended to read as follows3 7,a7 notify the ,secretary and the parties described in section #aja7;f77#a7 of the ,employee ,retirement ,income ,security ,act of #aigd of that determination1 and 4 7#if7 ,section #dai;,a7c77#f77;,b7 is amended by striking 7#db ,u4,s4,c4 #cjj;gg-#ia7;d77#c77 and inserting 7#db ,u4,s4,c4 #cjj;gg-#ia7;d77#c7774 7#ig7 ,section #dbj7;c77#a77;,a7 is amended by striking subsection 7e77#a77;,d7 and inserting subsection 7e77#a77;,e74 7#ih7 ,section #dbd7;g7 is amended by striking section #dbb7;a77#b7 and inserting sections #dbb7;a77#b74 7#ii7 ,section #dcj7;c77#g77;,e77v77,,ii7 is amended by inserting the after title ,i of4 7#ajj7 ,section #dcj7;h77#b77;,f7 is amended by striking section #dag7;e77#c77;,d77i7 and inserting section #dag7;e77#c77;,d74 7#aja7 ,section #dca7;d77#b77;,b77i7 is amended by striking this ,act and inserting the ,pension ,protection ,act of #bjjf4 7#ajb7 ,section #dcb7;b77#c77;,a77i7 is amended by striking paragraph 7#e711 and inserting paragraph 7#e714 7#ajc7 ,section #dcb7;b77#c77;,b7 is amended by redesignating the clause 7iv7 relating to projections of critical and declining status as clause 7v74 7#ajd7 ,section #dcb7;b77#c77;,d77iv7 is amended by inserting a comma after ,labor4 7#aje7 ,section #dcb7;e77#h77;,c77iii7 is amended by striking the ,secretary shall and inserting ,the ,secretary shall4 7#ajf7 ,section #dcb7;g77#a7 is amended by striking subsection 7e77#i77 and inserting subsection 7e77#i74 7#ajg7 ,section #dcc7;c77#e77;,c77ii77,,ii7 is amended by inserting of such ,act after title ,,iv4 7#ajh7 ,the item relating to section #dcf in the table of sections for subpart ,b of part ,,iii of subchapter ,d of chapter #a is amended to read as follows3 ,sec4 #dcf4 ,funding-based limits on benefits and benefit accruals under single-employer plans4 4 7#aji7 ,section #ddg7;h77#b77;,a7 is amended by striking employes and inserting employees4 7#aaj7 ,section #ddg7;i77#e77;,b7 is amended by redesignating clause 7iv7 as clause 7iii74 7#aaa7 ,the heading of section #dec;,b is amended by striking loss disposition and inserting loss on disposition4 7#aab7 ,section #deg7;f77#d77;,c77i7 is amended-- 7,a7 by striking section #iaja and inserting section #haja1 and 7,b7 by striking #ghja71 and inserting #ghja7714 7#aac7 ,section #deg;,a7d77#d7 is amended-- 7,a7 by striking case a foreign and inserting case of a foreign1 and 7,b7 by striking had been and inserting been4 7#aad7 ,section #deh7;b77#i7 is amended by striking ,repurchased in the heading thereof and inserting ,repurchase4 7#aae7 ,section #deh7;c77#a7 is amended by striking regulations prescribed and inserting regulations prescribe4 7#aaf7 ,section #dfj7;b77#b77;,a7 is amended by inserting a comma after first4 7#aag7 7,a7 ,section #dfa is amended by redesignating the second subsection 7j7 7relating to farming syndicate defined7 as subsection 7k74 7,b7 ,section #dfa7;i77#d7 is amended by striking subsection 7j7 and inserting subsection 7k74 7#aah7 ,the heading of section #dfd is amended by inserting expenses after farming4 7#aai7 ,section #dfd7;d77#b77;,b77iii7 is amended by striking subsection 7c77#b77;,e7 and inserting section #dfa7k77#b77;,e74 7#abj7 ,section #dgj7;d77#b77;,b7 is amended by striking clause 7ii7 and inserting subparagraph 7,a77ii74 7#aba7 ,the item relating to part ,,viii in the table of parts for subchapter ,f of chapter #a is amended to read as follows3 ,part ,,viii4 ,certain savings entities 4 7#abb7 ,section #eja7;c77#ad77;,b77iv7 is amended by adding a period at the end4 7#abc7 ,section #eja7;c77#ai77;,b7 is amended by striking widows11 and inserting widows14 7#abd7 ,section #eja7;f77#c77;,b7 is amended by striking section #aae7;a7 and inserting section #aae4 7#abe7 ,the item relating to section #eaa in the table of sections for part ,,iii of subchapter ,f of chapter #a is amended to read as follows3 ,sec4 #eaa4 ,imposition of tax on unrelated business income of charitable1 etc41 organizations4 4 7#abf7 ,section #eab7;b77#ai77;,h77iii7 is amended by striking clause 7i77,,ii7 and inserting clause 7i74 7#abg7 ,section #ebi7;c77#f7 is amended by striking an ,coverdell and inserting a ,coverdell4 7#abh7 ,section #ebi7;e77#c77;,a7 is amended-- 7,a7 by striking the semicolon at the end of clause 7i7 and inserting a comma1 and 7,b7 by adding 1 and at the end of clause 7ii74 7#abi7 ,section #ebi;,a7d77#d7 is amended by striking ,achieving a ,better ,life ,experience ,act of #bjad and inserting ,stephen ,beck1 ,jr41 ,,able ,act of #bjad4 7#acj7 ,section #ebi;,a7e77#d7 is amended by striking subparagraph section and inserting section4 7#aca7 ,section #ecj7;d77#i77;,b7 is amended by striking by the and inserting by4 7#acb7 ,section #edb7;c77#e7 is amended by striking the comma at the end and inserting a semicolon4 7#acc7 ,section #edb7;c77#g7 is amended by striking ,a small and inserting a small4 7#acd7 ,section #edc7;a77#b77;,b77ii7 is amended by striking section #efc7;d7 and inserting section #efc7;c74 7#ace7 ,section #edc7;d77#e77;,a77ii7 is amended by striking section #efc7;d7 and inserting section #efc7;c74 7#acf7 ,section #fac;,a7c77#g77;,b7 is amended by striking taxpayers and inserting taxpayer's4 7#acg7 ,section #fdb7;c77#a7 is amended by striking other then and inserting other than4 7#ach7 ,the item relating to section #ffa in the table of sections for subpart ,c of part ,i of subchapter ,j of chapter #a is amended to read as follows3 ,sec4 #ffa4 ,deduction for estates and trusts accumulating income or distributing corpus4 4 7#aci7 ,section #gjf7;b77#e7 is amended by striking section #ehd7;h7 and inserting section #ehd7;i74 7#adj7 ,section #gea7;c7 is amended by striking and1 sections both places it appears and inserting and sections4 7#ada7 ,section #hjg7;e77#g77;,a77i7 is amended by striking subparagraph 7,c7 and inserting subparagraph 7,b74 7#adb7 ,section #haj7;c77#b77;,b7 is amended by striking corporations71 and inserting corporations74 7#adc7 ,section #haj7;d77#a7 is amended by striking paragraphs 7#b7 and 7#c7 of section #hjd7 or and inserting paragraph 7#b7 of section #hjd7 for4 7#add7 ,section #haj7;f7 is amended by striking section #hje7;b77#e7 and inserting section #hje7;b77#d74 7#ade7 ,section #hca7;c7 is amended by striking section #haf7;a774 and inserting section #haf7;a744 7#adf7 ,section #hcb7;b77#g77;,e77ii77,,ii7 is amended by striking the comma at the end and inserting a period4 7#adg7 ,section #heb7;a77#a77;,b7 is amended by striking #bfe1 and inserting #bfe and4 7#adh7 ,section #heb7;b77#b77;,d7 is amended by striking the deduction and inserting ,the deduction4 7#adi7 ,subparagraphs 7,a7 and 7,b7 of section #hef7;c77#g7 are each amended by striking paragraph 7#d77;,b77iii7 and inserting paragraph 7#d77;,b77iv74 7#aej7 ,paragraphs 7#a71 7#c71 7#d71 and 7#e7 of section #hef7m7 are each amended by striking subsection 7c77#d77;,b77iii7 and inserting subsection 7c77#d77;,b77iv74 7#aea7 ,section #heg7;b77#f77;,j7 is amended by striking section #hef7;c77#h7 and inserting section #hef7;c77#aj74 7#aeb7 ,section #hfj7;f77#b77;,a77ii7 is amended by striking decreased and inserting decrease4 7#aec7 ,section #hfj7;i7 is amended by striking willfull and inserting willful4 7#aed7 ,section #hfj;,g7a77#c77;,a77iii77,,iii7 is amended by striking the period at the end and inserting a comma4 7#aee7 ,section #hfd7;d77#h7 is amended by striking section #ief7;b77#c7 and inserting section #ief7;c77#c74 7#aef7 ,section #hgg7;d77#d77;,b77i7 is amended by striking in #ieg and inserting in section #ieg4 7#aeg7 ,section #hgg;,a7g77#f7 is amended by striking #bbj7;e77#d7 and inserting #bbj7;f77#d74 7#aeh7 ,section #hig7;a77#a77;,a7 is amended by striking section #hga7;,b77#a7 and inserting section #hga7;b77#a74 7#aei7 ,the heading of section #hig7k77#b7 is amended by striking usrpi and inserting united states real property interest4 7#afj7 ,section #ijd7;d77#b77;,b77ii7 is amended by striking subparagraph 7,e77iii7 or paragraph 7#c77;,i7 and inserting subparagraph 7,e77ii7 or paragraph 7#c77;,h74 7#afa7 ,section #ijg7;c77#c77;,c7 is amended by striking the period after partnerships and inserting a comma4 7#afb7 ,section #ijg7;f77#a7 is amended by striking year1 and inserting years14 7#afc7 ,section #iaa7;d77#h77;,b77i7 is amended by striking 7#ej ,u4,s4,c4 ,app4 #a et seq47 and inserting 7#ej ,u4,s4,c4 #dcja et seq474 7#afd7 ,section #iab7a77;,b7 is amended by striking 7#ej ,u4,s4,c41 sec4 #djc;e7 and inserting 7#ej ,u4,s4,c4 #ceje74 7#afe7 ,section #icf7;h77#e77;,c77i77,,iii77a7 is amended by striking corporations and inserting corporation's4 7#aff7 ,section #ied7;b77#e7 is amended by striking income11 and inserting income14 7#afg7 ,section #ied7;b77#f7 is amended by striking the comma after paragraph 7#b74 7#afh7 ,section #ief7;c77#b77;,e7 is amended by striking section #iec7;a77#a7 and inserting section #iec7;e77#b74 7#afi7 ,section #ief7;e7 is amended by striking provisons and inserting provisions4 7#agj7 ,section #ieg7;b7 is amended by striking section #iec7;a77#a7 and inserting section #iec7;e77#b74 7#aga7 ,section #ifj7;b77#c7 is amended by striking ,reconcilation and inserting ,reconciliation4 7#agb7 ,the heading of section #iic is amended by inserting and special rules after ,definitions4 7#agc7 ,section #ajaf7;a77#c77;,d7 is amended by inserting as in effect prior to its repeal by the ,tax ,reform ,act of #aihf before 7or the corresponding provisions of prior income tax laws74 7#agd7 ,section #ajcc7;h77#b7 is amended by inserting is before located4 7#age7 ,section #ajce7;a77#a7 is amended by striking 2 or and inserting a semicolon4 7#agf7 ,section #ajei7;d77#c7 is amended by striking 2 except that and all that follows and inserting and there shall not be taken into account any day which is more than #b years after the date on which such share becomes ex-dividend44 7#agg7 ,section #ajib7;a77#b77;,b7 is amended by striking with respect other in the last sentence and inserting with respect to other4 7#agh7 ,section #ajib7;c77#d77;,e7 is amended by striking 7other than subparagraph 7,b7 thereof74 7#agi7 ,the item relating to section #abbb in the table of sections for part ,,iii of subchapter ,p of chapter #a is amended to read as follows3 ,sec4 #abbb4 ,other terms relating to capital gains and losses4 4 7#ahj7 ,the item relating to section #abeb in the table of sections for part ,,iv of subchapter ,p of chapter #a is amended to read as follows3 ,sec4 #abeb4 ,gain from disposition of farm land4 4 7#aha7 ,section #abej7;d77#c7 is amended by striking paragraph 7#i7 and inserting paragraph 7#f74 7#ahb7 ,section #abee7;b77#b7 is amended by striking #agj7;e71 and inserting #agj7;e74 7#ahc7 7,a7 ,subparagraphs 7,b7 and 7,c7 of section #abef7;e77#c7 are each amended by striking section #dfd7;e77#b7 and inserting section #dfa7k77#d74 7,b7 ,section #abeh7;d77#e77;,c7 is amended by striking section #dfd7;e77#b7 and inserting section #dfa7k77#d74 7#ahd7 ,section #abeg7;c77#a7 is amended-- 7,a7 by striking section #abja7d7 and inserting section #abja7;a77#g71 and 7,b7 by striking #af ,u4,s4,c4 #chja7d7 and inserting #af ,u4,s4,c4 #chja7g74 7#ahe7 ,section #abeg7;c77#b7 is amended-- 7,a7 by striking section #abja7f7 and inserting section #abja7;a77#aj71 and 7,b7 by striking #af ,u4,s4,c4 #chja7f7 and inserting #af ,u4,s4,c4 #chja7aj74 7#ahf7 ,section #abgd7;b77#c77;,b77i7 is amended by striking section #fffb7;d77#b77;,c77iii7 and inserting section #fffb7;d77#b77;,c77ii74 7#ahg7 ,section #abgf7;a77#d7 is amended by striking #hga7;a711 and inserting #hga7;a714 7#ahh7 ,section #abgh7;b77#a7 is amended by striking #hga7;a711 and inserting #hga7;a714 7#ahi7 ,section #abhf7;f7 is amended by striking and #cje7;e71 and inserting and section #cje7;e714 7#aij7 ,section #abia7;e7 is amended by striking subsections 7c7 and 7d7 7e71 and inserting subsections 7c71 7d71 and 7e74 7#aia7 ,section #abih7;b77#e77;,b7 is amended by striking section #iea7;f7 and inserting section #iea7;c74 7#aib7 ,section #abih7;d77#b77;,a7 is amended by striking section #abif7;a77#b7 and inserting section #abig7;a77#b74 7#aic7 ,section #abih7;e77#b77;,b77ii7 is amended by striking provisons and inserting provisions4 7#aid7 ,section #acee7;f77#c7 is amended by striking of which and inserting on which4 7#aie7 ,section #aceh7;b77#a7 is amended by striking section #aceb7;a77#b7 and inserting section #aceb7b74 7#aif7 ,section #aceh7;c77#b7 is amended by striking an person's and inserting a person's4 7#aig7 ,sections #acfa7;f77#b71 #acfb7;d77#c77;,c77v71 and #dige7;d77#af77;,a7 are each amended by striking #ahac7w77#a771 and inserting #ahac7w77#a77714 7#aih7 ,section #acfb7;f7 is amended by striking may be during and inserting may be1 during4 7#aii7 ,section #acff7;e7 is amended by striking section #gjd7;e77#c7 and inserting section #gjd7;e77#b74 7#bjj7 ,section #acfh7;f77#b7 is amended by striking in included and inserting is included4 7#bja7 ,section #acia7;g77#c77;,e77ii7 is amended by striking ,interior and inserting the ,interior4 7#bjb7 ,section #acid7;b77#c77;,b77i77,,ii7 is amended by striking subsection and inserting subsections4 7#bjc7 ,section #acig;,c7d77#e77;,b7 is amended by striking subparagraphs 7,a7 or 7,b7 and inserting subparagraph 7,a7 or 7,b74 7#bjd7 ,section #adjb7;a77#a7 is amended-- 7,a7 by striking section #abcc7b7 and inserting section #abcc7;a77#b71 and 7,b7 by striking #af ,u4,s4,c4 #chcc7b7 and inserting #af ,u4,s4,c4 #chcc7;a77#b74 7#bje7 ,section #adjb7;b7 is amended by striking #cbaa14 and inserting #cbaa44 7#bjf7 ,the heading of section #addf is amended by striking ,withholding tax in the heading and inserting ,withholding of tax4 7#bjg7 ,section #bjca7;c77#a7 is amended by striking all that follows subparagraph 7,a7 and inserting the following3 7,b7 #ejj1jjj4 4 7#bjh7 ,section #bjca7;c77#b7 is amended by striking paragraph 7#e774 and inserting paragraph 7#e77744 7#bji7 ,section #bjee7;e77#c77;,g7 is amended by striking subparagraph 7,j7 and inserting subparagraph 7,j774 7#baj7 ,section #bajf7;a77#d7 is amended by inserting section before #bjeh7;a74 7#baa7 ,section #bebb7;c77#a7 is amended by striking to of for and inserting to or for4 7#bab7 ,section #bebc7;g77#a7 is amended by striking noncharitable beneficiary and inserting beneficiary who is not a charitable beneficiary4 7#bac7 ,section #bebc7;g77#b7 is amended by striking noncharitable and inserting charitable4 7#bad7 ,section #caja7;a7 is amended by adding a period at the end4 7#bae7 ,section #caaa7;e77#e77;,b7 is amended by inserting the before meaning4 7#baf7 ,section #caba7;b77#e77;,b77i77,v7 is amended by striking section #aje7;e77#b7 and inserting section #ajd7;e77#b74 7#bag7 ,section #caba7;b77#e77;,h77i7 is amended by striking #aiig and inserting #aiig14 7#bah7 ,section #ccjd7;a77#d77;,g77ii7 is amended by striking section #fdjb7;f77#d77;,b7 and inserting section #fdjb7;f77#d77;,c74 7#bai7 ,section #ccjf7;b77#e77;,f7 is amended by striking the semicolon at the end and inserting a comma4 7#bbj7 ,section #ccjf7;c77#ai7 is amended by striking ,service and inserting service4 7#bba7 ,section #ccjf7u7 is amended by striking #be ,u4,s4,c4 #dej;b7e7 and inserting #be ,u4,s4,c4 #ecjd7;e74 7#bbb7 ,section #ccjf7v7 is amended by striking this part and inserting this section4 7#bbc7 ,section #ccji7;d7 is amended by striking #be ,u4,s4,c4 #dej;b7e7 and inserting #be ,u4,s4,c4 #ecjd7;e74 7#bbd7 7,a7 ,paragraphs 7#a71 7#b71 7#c71 7#d77;,b71 7#e71 7#f71 7#h77;,a77ii71 7#h77;,b71 7#h77;,d71 7#i71 7#aj77;,b71 7#aa71 7#ab77;,a71 7#ab77;,b71 7#ab77;,c71 7#ac71 7#ad71 and 7#ae7 of section #cdja7;a7 are each amended by striking 2 or at the end and inserting a comma4 7,b7 ,paragraphs 7#d77;,a71 7#h77;,a77i71 7#h77;,c71 7#aj77;,a71 7#ab77;,d71 and 7#bb7 of section #cdja7;a7 are each amended by striking 2 or at the end and inserting 1 or4 7,c7 ,section #cdja7;a77#ab77;,e7 is amended by striking 1 or at the end and inserting a comma4 7,d7 ,paragraphs 7#af77;,a71 7#af77;,b71 7#ag71 7#ah71 7#ai71 7#bj71 and 7#ba7 of section #cdja7;a7 are each amended by striking the semicolon at the end and inserting a comma4 7#bbe7 ,section #ceji7;d77#a77;,c7 is amended by striking sections and inserting section4 7#bbf7 ,section #djea7;a77#c7 is amended by striking ,secretary4 and inserting ,secretary744 7#bbg7 ,section #dajd7;a77#a7 is amended by striking section and inserting sections4 7#bbh7 ,section #dbba7;a7 is amended by striking section #djea1 and inserting section #djea4 7#bbi7 ,the item relating to part ,,iii in the table of parts for subchapter ,c of chapter #cc is amended by striking relating and inserting applicable4 7#bcj7 ,section #dfab7;e77#b77;,b77ii77,i7 is amended by striking tranferred and inserting transferred4 7#bca7 ,section #dieh7;f77#a77;,d7 is amended by striking the period at the end and inserting a comma4 7#bcb7 ,section #diga7;c77#c7 is amended by striking applicable and and inserting applicable1 and4 7#bcc7 ,section #diga7;f7 is amended by striking applicable for and inserting applicable1 for4 7#bcd7 ,section #diga7;g77#d77;,c77ii7 is amended by striking section #dcb7;i77#i7 and inserting section #dcb7;j77#i74 7#bce7 ,section #dige7;d77#c7 is amended by striking an leveraged and inserting a leveraged4 7#bcf7 ,section #dige7;d77#ag7 is amended by striking ,any and inserting any4 7#bcg7 ,section #dige7;d77#ba7 is amended by striking person person and inserting person4 7#bch7 ,section #dige7;f77#h77;,c77iv77,,ii7 is amended by inserting subsection before 7d77#ag77;,a77ii74 7#bci7 ,section #dige7;f77#h77;,f77i77,i7 is amended by striking adviser1 and inserting adviser4 7#bdj7 ,section #dige7;f77#h77;,f77i77,v7 is amended by inserting of before the manner4 7#bda7 ,section #dihj;,b7f77#a7 is amended by striking section #bafb of the ,public ,health ,service ,act and inserting section #aibh7;h77#f7 of the ,social ,security ,act 7#db ,u4,s4,c4 #acifs7h77#f774 7#bdb7 ,section #dihj;,b7f77#e77;,c77iii7 is amended by striking section #bgja7;c77#b7 and inserting section #bgjd7;c77#b74 7#bdc7 ,section #dihj;,i7b77#c77;,c77iv7 is amended by striking the comma at the end and inserting a period4 7#bdd7 ,section #dihj;,i7b77#c77;,c77v7 is amended by striking for for and inserting for4 7#bde7 ,section #ejed7;a77#c77;,b7 is amended by striking sections and inserting section4 7#bdf7 ,section #ejff7;d7 is amended by striking section #ejja7;a77#e7 and inserting section #ejja7;a77#d74 7#bdg7 ,the item relating to subpart ,c in the table of subparts for part ,,ii of subchapter ,a of chapter #ea is amended to read as follows3 ,subpart ,c4 ,recordkeeping and registration by dealers 4 7#bdh7 ,the item relating to section #eagh in the table of sections for subchapter ,b of chapter #ea is amended to read as follows3 ,sec4 #eagh4 ,premises of distilled spirits plants4 4 7#bdi7 ,section #eahb is amended by striking section #eaab and inserting section #eaba4 7#bej7 ,section #ebgc7;e77#b7 is amended by striking section #ejja7;a77#f7 and inserting section #ejja7;a77#e74 7#bea7 ,section #ecad7;a77#b7 is amended by striking section #ejja7;a77#aj7 and inserting section #ejja7;a77#i74 7#beb7 ,section #ecib7;f7 is amended by striking section #ag7;a77#e7 and inserting section #aag7;a77#e74 7#bec7 ,section #eeab is amended by striking section #ejja7;a77#g7 and inserting section #ejja7;a77#f74 7#bed7 ,section #efja7;a77#ae7 is amended by striking ,withdraws1 and inserting withdraws14 7#bee7 ,the heading of section #efjc is amended by inserting a comma after returns4 7#bef7 ,section #egja7;e7 is amended by striking manufacturered and inserting manufactured4 7#beg7 ,the item relating to section #ehdg in the table of sections for part ,i of subchapter ,b of chapter #ec is amended to read as follows3 ,sec4 #ehdg4 ,effect on other laws4 4 7#beh7 ,section #ehdg is amended by striking section #dad of the ,mutual ,security ,act of #aied and inserting section #ch of the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bggh74 7#bei7 ,the item relating to section #eheb in the table of sections for part ,,ii of subchapter ,b of chapter #ec is amended to read as follows3 ,sec4 #eheb4 ,general transfer and making tax exemption4 4 7#bfj7 ,the item relating to section #ehec in the table of sections for part ,,ii of subchapter ,b of chapter #ec is amended to read as follows3 ,sec4 #ehec4 ,transfer and making tax exemption available to certain governmental entities4 4 7#bfa7 ,section #fjab7;a77#f7 is amended by striking and at the end4 7#bfb7 ,section #fjab7;a77#g7 is amended by striking the period at the end and inserting 2 and4 7#bfc7 ,section #fjab7;a77#h7 is amended by striking section #fc7;c77#b77;,d74 and inserting section #fc7;c77#b77;,c724 7#bfd7 ,section #fjcc7;b77#ae7 is amended by striking the period at the end and inserting 1 and4 7#bfe7 ,section #fjci7;d77#b7 is amended to read as follows3 7#b7 the term employee stock purchase plan1 see section #dbc7;b74 4 7#bff7 ,the table of sections for subpart ,b of part ,,iii of subchapter ,a of chapter #fa is amended by inserting after the item relating to section #fjda the following new item3 ,sec4 #fjda;,a4 ,returns regarding payments of remuneration for services and direct sales4 4 7#bfg7 ,the item relating to section #fjej;,i in the table of sections for subpart ,b of part ,,iii of subchapter ,a of chapter #fa is amended to read as follows3 ,sec4 #fjej;,i4 ,returns relating to cash received in trade or business1 etc4 4 7#bfh7 ,the item relating to section #fjej,w in the table of sections for subpart ,b of part ,,iii of subchapter ,a of chapter #fa is amended to read as follows3 ,sec4 #fjej,w4 ,returns relating to payments made in settlement of payment card and third party network transactions4 4 7#bfi7 ,section #fjej;,h7h77#c77;,b77i7 is amended by striking ,rural ,housing ,administration and inserting ,rural ,housing ,service4 7#bgj7 ,section #fjeh7;e7 is amended by striking paragraph 7#a7 and by redesignating paragraphs 7#b7 and 7#c7 as paragraphs 7#a7 and 7#b71 respectively4 7#bga7 ,section #fjei7;b77#c77;,b7 is amended-- 7,a7 by striking the requirements and inserting that the requirements1 and 7,b7 by striking the period at the end and inserting a comma4 7#bgb7 ,section #fjia7;b77#b77;,b77ii7 is amended by striking and at the end4 7#bgc7 ,section #fajc7l77#g7 is amended by striking of #aigg in the heading thereof4 7#bgd7 ,section #fajc7l77#aj77;,a7 is amended by striking request made under subsection 7f77#e7 and inserting notice submitted under subsection 7f77#e77;,c74 7#bge7 ,section #fajc7l77#aj7 is amended by striking so much of subparagraph 7,b7 as precedes ,any and inserting the following3 7,b7 ,restriction on use of disclosed information 7i7 4 7#bgf7 ,section #fajc7l77#af77;,a7 is amended by striking subsection #fajc7;b77#f7 and inserting section #fajc7;b77#f74 7#bgg7 ,section #fajc7p77#c77;,a7 is amended by striking subsections and inserting subsection4 7#bgh7 ,section #fajc7p77#c77;,c77ii7 is amended by striking the comma at the end and inserting a period4 7#bgi7 ,section #fajc7p77#d7 is amended by striking #g7;a77ii7 in the flush matter before subparagraph 7,a7 and inserting 7#g77;,a77ii74 7#bhj7 ,section #fajc7p77#d77;,f77ii7 is amended-- 7,a7 by striking subsections and inserting subsection1 and 7,b7 by striking subsection 7l77#ba7111 and inserting subsection 7l77#ba714 7#bha7 ,section #fajc7p77#d7 is amended by striking subsection 7l77#ba711 both places it appears in the flush matter at the end and inserting subsection 7l77#ba714 7#bhb7 ,section #faji7;f7 is amended by striking of #aigg in the heading thereof4 7#bhc7 ,section #fbac7;g77#b77,o7 is amended by adding a comma at the end4 7#bhd7 ,section #fbac7;g77#b77,p7 is amended-- 7,a7 by striking section #bd7;h77#b7 and inserting section #bd7;g77#b71 and 7,b7 by striking subsection 7h77#a7 and inserting subsection 7g77#a74 7#bhe7 ,section #fcjb7;e77#b77;,a7 is amended by striking sections and inserting section4 7#bhf7 ,section #fcaa7;d77#c77;,d7 is amended-- 7,a7 by striking section #ajc7;f7 and inserting section #ajc7;g71 and 7,b7 by striking #afjb7;f7 and inserting #afjb7;g74 7#bhg7 ,section #fccj7;d77#b7 is amended by striking 1 and at the end and inserting a period4 7#bhh7 ,section #fccd7;a77#aj77;,a7 is amended by striking ,v11 and inserting ,v14 7#bhi7 ,section #fcdb7;a7 is amended by striking subsection 7c77#b7 and inserting subsection 7d77#b74 7#bij7 ,section #fdjb7;a7 is amended by striking 7f7 refund and inserting 7f71 refund4 7#bia7 ,section #fdjb7;c7 is amended by striking of of and inserting of4 7#bib7 ,section #fdjb7;d77#b7 is amended by striking section #djb7;a77#bf7 of the ,social ,security ,act and inserting section #djh7;a77#c7 of the ,social ,security ,act 7#db ,u4,s4,c4 #fjh7;a77#c774 7#bic7 ,section #fdjd7;g77#b77;,e7 is amended by striking section #fffd7;d77#b77;,a7 and inserting section #fffd7;d77#c77;,a74 7#bid7 ,section #fdbj7;i77#d7 is amended by striking ,state and and inserting ,state 7and4 7#bie7 ,section #fdba7;c7 is amended by striking 7#d7 7#e7 and inserting 7#d71 7#e74 7#bif7 ,section #fdba7;j77#c7 is amended by striking ,state and and inserting ,state 7and4 7#big7 ,section #fdbb is amended-- 7,a7 by striking paragraph 7#g71 7,b7 by redesignating paragraphs 7#h7 through 7#ab7 as paragraphs 7#g7 through 7#aa71 respectively1 and 7,c7 by striking for credit in paragraph 7#aj7 as so redesignated and inserting ,for credit4 7#bih7 ,section #fdbe7;c77#a77;,a7 is amended by striking ,the sum and inserting the sum4 7#bii7 ,section #fdbf7;b77#b77;,a77ii7 is amended by striking cents44 and inserting cents44 7#cjj7 ,section #feja7m7 is amended by striking any election and all that follows through 7or any and inserting the following3 any election under section #cj;,b7h77#i71 #cj;,c7e77#d71 #cj;,d7e77#d71 #ce7;g77#aa71 #dj7;f71 #dc1 #de;,b1 #de;,c7d77#d71 #de;,h7g71 or #ea7;j7 7or any4 7#cja7 ,section #fejc7;a77#a7 is amended by striking section #fbcj7;a774 and inserting section #fbcj7;a774 7#cjb7 ,section #ffab7;c7 is amended-- 7,a7 by inserting sections before #bjad7;e71 and 7,b7 by striking and #fdbj and inserting #fdbj4 7#cjc7 ,the item relating to section #ffea in the table of sections for part ,i of subchapter ,a of chapter #fh is amended to read as follows3 ,sec4 #ffea4 ,failure to file tax return or to pay tax4 4 7#cjd7 ,each of the following sections are amended by inserting an amount equal to after increased by and by inserting for the calendar year after section #a7;f77#c73 7,a7 ,section #ffea7;i74 7,b7 ,section #ffeb7;c77#g77;,a74 7,c7 ,section #ffie7;h77#a74 7,d7 ,section #ffih7;e77#a74 7,e7 ,section #ffii7;e77#a74 7,f7 ,section #fgba7;f77#a74 7,g7 ,section #fgbb7;f77#a74 7#cje7 ,section #ffed7;a7 is amended by striking chapter #a the tax and inserting chapter #a1 the tax4 7#cjf7 ,section #ffed7;f77#c7 is amended by striking taxes and inserting tax4 7#cjg7 ,section #fffb7;d77#c7 is amended by striking section #fffd7;d77#b7 and inserting section #fffd7;d77#c74 7#cjh7 ,section #fffb is amended by moving subsection 7i7 before subsection 7j74 7#cji7 ,the heading of section #ffgf7;c7 is amended by striking reasonable basis and inserting reasonable cause4 7#caj7 ,the item relating to section #ffhd in the table of sections for part ,i of subchapter ,b of chapter #fh is amended to read as follows3 ,sec4 #ffhd4 ,assessable penalties with respect to liability for tax under chapter #db4 4 7#caa7 ,the item relating to section #ffhf in the table of sections for part ,i of subchapter ,b of chapter #fh is amended to read as follows3 ,sec4 #ffhf4 ,failure to file returns or supply information by ,,disc or former ,,fsc4 4 7#cab7 ,section #ffgi7;a77#a7 is amended by striking section #fjdf and #fjdf;,a and inserting section #fjdf or #fjdf;,a4 7#cac7 ,section #ffie7;h77#b7 is amended by striking subparagraph 7,a7 and inserting paragraph 7#a74 7#cad7 ,section #ffie7;h77#b77;,b7 is amended by striking clause 7i7 and inserting subparagraph 7,a74 7#cae7 ,section #ffif7;a7 is amended by striking section #ffid1 and inserting sections #ffid14 7#caf7 ,section #ffif7;d77#a7 is amended by striking section #ffie1 and inserting #ffie14 7#cag7 ,section #ffih7;b77#b7 is amended by adding a period at the end4 7#cah7 ,section #fgjj7;a7 is amended by striking the #a1jjj and inserting #a1jjj4 7#cai7 ,section #fgbd7;d77#a77;,b77xx7 is amended by striking or at the end4 7#cbj7 ,section #fgbd7;d77#a77;,b77xxi7 is amended by striking and at the end4 7#cba7 ,section #fgbd7;d77#a7 is amended by striking ,such term also includes and inserting the following3 ,such term also includes 4 7#cbb7 ,section #fgbd7;d77#b77;,f7 is amended by striking the period at the end and inserting a comma4 7#cbc7 ,section #fgbd7;d77#b77,m7 is amended by striking 7h77#b7 relating and inserting 7h77#b7 7relating4 7#cbd7 ,section #fgbd7;d77#b77;,,dd7 is amended by adding a comma at the end4 7#cbe7 ,section #fhfc7;a7 is amended by striking #fheb11 and inserting #fheb14 7#cbf7 ,section #fija7;a77#a77;,b7 is amended by striking ,code in and inserting ,code1 in4 7#cbg7 ,section #gbge7;b77#b7 is amended by striking taxes1 shall and inserting taxes14 7#cbh7 ,section #gdba7;b77#b7 is amended by striking ,code in and inserting ,code1 in4 7#cbi7 7,a7 ,subsections 7e7 and 7i7 of section #gdbb and sections #caba7;b77#e77;,e71 #faaj7;j77#a77;,b71 #gdbh7;a71 and #gdcj7;c77#f7 are each amended by striking ,united ,states ,claims ,court and inserting ,united ,states ,court of ,federal ,claims4 7,b7 ,subsections 7a71 7b71 and 7c77#a77;,c77iii7 of section #gdbh are each amended by striking ,claims ,court and inserting ,court of ,federal ,claims4 7,c7 ,the heading of section #difa7;c77#a7 is amended by striking united states claims court and inserting united states court of federal claims4 7,d7 ,section #ffgb7;c77#b7 is amended by striking ,court of ,claims and inserting ,court of ,federal ,claims4 7#ccj7 ,the item relating to section #gddh in the table of sections for part ,i of subchapter ,c of chapter #gf is amended to read as follows3 ,sec4 #gddh4 ,annuities to surviving spouses and dependent children of judges and special trial judges4 4 7#cca7 ,section #gddh7;j77#a77;,a7 is amended by striking ,code171 and inserting ,code714 7#ccb7 ,section #gddh7m7 is amended by striking ,code1 and inserting ,code714 7#ccc7 ,section #gded7;b7 is amended by striking #diee711 and inserting #diee714 7#ccd7 ,section #gfed7;d77#a7 is amended by striking #ej ,app4 ,u4,s4,c4 #eja et seq4 and inserting #ej ,u4,s4,c4 #cija et seq44 7#cce7 ,section #ggja7;a77#cf77;,b7 is amended by striking an #8tax and inserting a #8tax4 7#ccf7 ,section #ggja7;e77#e77;,b7 is amended by striking ,reconcilation and inserting ,reconciliation4 7#ccg7 ,section #ghja7;a77#b77;,b7 is amended-- 7,a7 by striking this ,act and inserting the ,homeland ,security ,act of #bjjb1 and 7,b7 by striking effective date of the ,homeland ,security ,act of #bjjb and inserting effective date of such ,act4 7#cch7 ,section #ghji7;c77#a7 is amended by striking ,work and inserting work4 7#cci7 ,section #ghea7;a77#a77;,a7 is amended by striking 1 #d4 7#cdj7 ,section #ghea7;a77#a77;,b7 is amended by striking ,chapters #c and #e and inserting ,chapter #c4 7#cda7 ,section #ghga7;c77#c77;,d77ii77,,ii7 is amended by striking calender and inserting calendar4 7#cdb7 ,section #ijjc7;b77#b7 is amended by striking section #ijjf7;d7 and inserting section #ijjf7;c74 7#cdc7 ,section #ijaa7;b77#a7 is amended by striking contrue and inserting construe4 7#cdd7 ,section #iejb7;d77#b7 is amended by striking farms1 and inserting farms714 7#cde7 ,section #iejc7;c77#e7 is amended by striking and before ,october #a1 #bjaa14 7#cdf7 ,section #iejh7;c77#a7 is amended by striking the ,public and inserting ,public4 7#cdg7 ,section #igja7;a77#d7 is amended by striking section #igac;,a and inserting section #igab4 7#cdh7 ,section #igjd7;d77#b77;,b7 is amended by striking #abcb771 and inserting #abcb714 7#cdi7 ,section #igjd7;h7 is amended by striking ,secretary and inserting ,commissioner4 7#cej7 ,section #igje7;b77#a7 is amended by striking #abcb7;h7 and inserting #abcb4 7#cea7 ,section #igje7;b77#b7 is amended by striking ,acts and inserting ,act4 7#ceb7 ,section #igaa7;c77#d77;,b7 is amended by striking paragraph 7#d77;,c7 and inserting paragraph 7#c77;,c74 7#cec7 ,section #igab7;a77#d77;,a7 is amended by inserting section #djb of after subsections 7h7 and 7i7 of4 7#ced7 ,section #ihab7;a77#c77;,b77i7 is amended by striking the comma at the end and inserting a period4 7#cee7 ,section #cjb of division ,p of the ,consolidated ,appropriations ,act1 #bjaf is amended-- 7,a7 in subsection 7a71 by inserting of the ,internal ,revenue ,code of #aihf after section #dh7;a77#e77;,c71 and 7,b7 in subsection 7b71 by inserting of such ,code after section #dh7;a74 7#cef7 ,section #cbajc7;a7 of the ,fixing ,america's ,surface ,transportation ,act is amended by striking section #ebajf and inserting section #cbajb4 7b7 ,general deadwood-,related provisions 7#a7 ,section #be;,a7c77#a7 is amended by striking 7#e1jjj in the case of taxable years beginning before ,january #a1 #bjjc74 7#b7 ,section #bf7;b77#b7 is amended by striking subparagraph 7,p74 7#c7 ,section #cb7l7 is amended by striking 1 and any payment made to such individual 7or such spouse7 by an employer under section #cejg14 7#d7 7,a7 ,section #ch7;c77#e7 is amended-- 7i7 by striking all that precedes subparagraph 7,c7 thereof and inserting the following3 7#e7 ,rules related to eligible small businesses 1 7ii7 by redesignating subparagraphs 7,c7 and 7,d7 as subparagraphs 7,a7 and 7,b71 respectively1 and 7iii7 by amending subparagraph 7,b7 7as so redesignated7 to read as follows3 7,b7 ,treatment of partners and ,s corporation shareholders ,for purposes of paragraph 7#d77;,b77ii71 any credit determined under section #da with respect to a partnership or ,s corporation shall not be treated as a specified credit by any partner or shareholder unless such partner or shareholder meets the gross receipts test under subparagraph 7,a7 for the taxable year in which such credit is treated as a current year business credit4 4 7,b7 ,section #ch7;c77#b77;,a77ii77,,ii7 is amended by striking the eligible small business credits14 7,c7 ,section #ch7;c77#d77;,a77ii77,,ii7 is amended by striking the eligible small business credits and4 7,d7 ,section #ch7;c77#d77;,b77ii7 is amended by striking 7as defined in paragraph 7#e77;,c71 after application of rules similar to the rules of paragraph 7#e77;,d77 and inserting 7as defined in paragraph 7#e77;,a7 after application of the rules of paragraph 7#e77;,b774 7#e7 ,section #ef7;d77#a77;,a77ii77,i7 is amended by inserting 7as in effect before its repeal by the ,tax ,increase ,prevention ,act of #bjad7 after section #agb7;b77#a77;,h74 7#f7 7,a7 ,section #aci7;c77#b7 is amended by striking section #afe7;h77#c77;,c77i7 and inserting section #afe7;i77#e77;,a74 7,b7 ,section #gejh;,a7a7 is amended by striking section #afe7;h77#c77;,c77i7 and inserting section #afe7;i77#e77;,a74 7#g7 ,section #adj7;a7 is amended by striking paragraph 7#b7 and by redesignating paragraphs 7#c7 through 7#f7 as paragraphs 7#b7 through 7#e71 respectively4 7#h7 ,section #afc7;d77#d7 is amended by striking subparagraph 7,e74 7#i7 ,section #afh is amended by striking subsection 7n74 7#aj7 ,section #agb7;b77#a77;,d77iv7 is amended by striking subsection 7h7 and inserting subsection 7g74 7#aa7 ,section #bdf;,a7b77#a7 is amended by striking without regard to section #bdc7;d77#d74 7#ab7 ,section #dji is amended by striking subsection 7m74 7#ac7 ,section #daa7;a77#c77;,f77i7 is amended by striking under section #dah;,d or4 7#ad7 ,section #dac7;b77#f7 is amended by striking and the last sentence of section #diga7;a7 in the last sentence4 7#ae7 ,section #dae7;g7 is amended by striking subsection 7f77#c7 and inserting subsection 7f77#b74 7#af7 7,a7 ,section #dai7;e77#c77;,a7 is amended by striking 7#ag71 or 7#bj7 and inserting or 7#ag74 7,b7 ,section #dai;,a7g77#a7 is amended by striking 7#ag71 or 7#bj7 and inserting or 7#ag74 7,c7 ,section #dai;,a7g77#b7 is amended by striking 7#ag71 or 7#bj7 and inserting or 7#ag74 7,d7 ,section #eje is amended-- 7i7 in the heading thereof1 by striking paragraph 7#i71 7#ag71 or 7#bj7 and inserting paragraph 7#i7 or 7#ag71 7ii7 in the heading of subsection 7a71 by striking paragraph 7#i7 or 7#bj7 of section #eja7;c7 and inserting section #eja7;c77#i71 7iii7 in subsection 7a77#a71 by striking paragraph 7#i7 or 7#bj7 of subsection 7c7 of section #eja and inserting section #eja7;c77#i71 and 7iv7 in subsection 7c77#a71 by striking paragraph 7#i71 7#ag71 or 7#bj7 and inserting paragraph 7#i7 or 7#ag74 7,e7 ,subparagraphs 7,a71 7,c71 and 7,d7 of section #eab7;a77#c7 are each amended in the text thereof by striking 7#ag71 or 7#bj7 and inserting or 7#ag74 7,f7 ,subparagraphs 7,b77ii7 and 7,e7 of section #eab7;a77#c7 are each amended in the text thereof by striking 1 7#ag71 or 7#bj7 and inserting or 7#ag74 7,g7 ,the heading of section #eab7;a77#c7 is amended by striking 7#ag71 or 7#bj7 and inserting or 7#ag74 7,h7 ,the heading of section #eab7;a77#c77;,e7 is amended by striking 1 7#ag71 or 7#bj7 and inserting or 7#ag74 7,i7 ,the item relating to section #eje in the table of sections for part ,i of subchapter ,f of chapter #a is amended to read as follows3 ,sec4 #eje4 ,additional requirements for organizations described in paragraph 7#i7 or 7#ag7 of section #eja7;c74 4 7#ag7 ,section #eja7p77#d7 is amended by striking 1 #eef7;b77#b74 7#ah7 ,section #ecj7;b77#c7 is amended-- 7,a7 by striking 7as defined in section #agj7;e77#f77;,f77i77 in subparagraph 7,a77iii71 and 7,b7 by adding at the end the following new subparagraph3 7,c7 ,computer technology or equipment ,the term computer technology or equipment means computer software 7as defined by section #aig7;e77#c77;,b771 computer or peripheral equipment 7as defined by section #afh7;i77#b77;,b771 and fiber optic cable related to computer use4 4 7#ai7 ,section #eic7;b77#b77;,d77iv7 is amended by striking 7determined without regard to section #eif74 7#bj7 ,section #eig7;c77#a7 is amended by striking or section #ba;,a of the ,federal ,home ,loan ,bank ,act4 7#ba7 ,section #ffd7;g77#c77;,e7 is amended by striking limitations under sections #dae7;c7 and 7e7 and inserting limitation under section #dae7;c74 7#bb7 ,section #haj7;b7 is amended by striking paragraph 7#d74 7#bc7 ,section #hef7m7 is amended by striking paragraph 7#f74 7#bd7 ,section #hga7;a77#c7 is amended by striking the last sentence thereof4 7#be7 ,section #iib7;d7 is amended by striking paragraph 7#f7 and by redesignating paragraph 7#g7 as paragraph 7#f74 7#bf7 ,section #abde7;a77#c77;,c7 is amended by striking 1 #ahe4 7#bg7 7,a7 ,section #abeb7;a77#a7 is amended by striking during a taxable year beginning4 7,b7 ,section #abeb7;a77#a77;,a7 is amended-- 7i7 by striking sections and inserting section1 and 7ii7 by striking and #ahb and all that follows through for expenditures and inserting for expenditures 4 7,c7 ,section #abeb7;a77#b7 is amended-- 7i7 by striking sections and inserting section1 and 7ii7 by striking or #ahb and all that follows and inserting a period4 7#bh7 ,section #caaa is amended by striking subsection 7d74 7#bi7 ,section #cabg7;b77#c7 is amended by striking or #bbb7;b74 7#cj7 ,section #cbba is amended by striking subsection 7c7 and by redesignating subsection 7d7 as subsection 7c74 7#ca7 ,section #ddha7;d7 is amended to read as follows3 7d7 ,one tax liability per period ,to the extent that the tax imposed by this section is paid with respect to any highway motor vehicle for any taxable period1 no further tax shall be imposed by this section for such taxable period with respect to such vehicle4 4 7#cb7 ,section #diga7;d7 is amended by striking the last sentence4 7#cc7 ,section #fjej;,g7a77#b7 is amended by striking 7to the extent not previously taken into account under section #gb7;d77#a774 7#cd7 ,section #fbae7;b7 is amended by striking paragraph 7#e7 and by redesignating paragraphs 7#f7 and 7#g7 as paragraphs 7#e7 and 7#f71 respectively4 7#ce7 ,section #ffja7;b7 is amended by striking paragraph 7#b7 and by redesignating paragraphs 7#c7 through 7#e7 as paragraphs 7#b7 through 7#d71 respectively4 7#cf7 ,section #ffed7;d77#a77;,c77i7 is amended by striking by substituting and all that follows and inserting by substituting #aaj percent for #ajj percent44 7#cg7 ,section #ffed7;d77#a7 is amended by striking subparagraph 7,d74 7#ch7 ,part ,,ii of subchapter ,c of chapter #ge is amended by striking section #gcbf 7and by striking the item relating to such section in the table of sections for such part74 7#ci7 ,section #gddh7;a77#e7 is amended by striking 1 whether or not performing judicial duties under section #gddc;,b4 7#dj7 ,section #gddh7;a77#f7 is amended by striking 1 and compensation received under section #gddc;,b4 7#da7 ,section #gddh7;d7 is amended by striking at #d percent per annum to ,december #ca1 #aidg1 and #c percent per annum thereafter and inserting at #c percent per annum4 7#db7 ,section #ggja7;a77#ai77;,a7 is amended by striking either 7i7 and all that follows through 7ii74 7#dc7 ,section #ggja7;a77#cb77;,a7 is amended to read as follows3 7,a7 is subject by law to supervision and examination by ,state or ,federal authority having supervision over such institutions1 and 4 7c7 ,repeal of certain obsolete bond provisions 7#a7 ,certain rules with respect to bonds issued before ,july #b1 #aihb 7,a7 ,section #abga is amended-- 7i7 by striking subsection 7c7 and by redesignating subsection 7d7 as subsection 7c71 and 7ii7 by striking 7and paragraph 7#b7 of subsection 7c77 in subsection 7a77#b77;,b74 7,b7 ,section #abgb is amended by striking subsection 7b7 and by redesignating subsections 7c7 and 7d7 as subsections 7b7 and 7c71 respectively4 7,c7 ,section #afc7;e77#a7 is amended by striking ,in the case of any debt instrument issued after ,july #a1 #aihb1 the portion of the original issue discount with respect to such debt instrument which is and inserting ,the portion of the original issue discount with respect to any debt instrument which is4 7,d7 ,section #afc7;j77#b77;,c77ii7 is amended by striking or 7b77#d74 7,e7 ,section #abga7;a77#b77;,a77ii7 is amended by striking subsection 7a77#g7 or 7b77#d7 of section #abgb and inserting section #abgb7;a77#g74 7,f7 ,section #abga7;b77#a7 is amended to read as follows3 7#a7 ,in general ,this section shall not apply to any obligation issued by a natural person before ,june #i1 #aiig4 4 7,g7 ,section #abgb7;a7 is amended-- 7i7 by striking on debt instruments issued after ,july #a1 #aihb1 in the heading1 and 7ii7 by striking issued after ,july #a1 #aihb in paragraph 7#a74 7,h7 ,section #abgh7;a77#d77;,b7 is amended by striking or 7b77#d74 7,i7 ,the amendments made by this paragraph shall apply to debt instruments issued on or after ,july #b1 #aihb4 7#b7 ,certain rules with respect to stripped bonds purchased before ,july #b1 #aihb 7,a7 ,section #abhf is amended by striking subsection 7c74 7,b7 ,subsections 7a7 and 7b7 of section #abhf are each amended by striking after ,july #a1 #aihb14 7,c7 ,section #abhf7;e77#e7 is amended by striking the last sentence4 7,d7 ,the amendments made by this paragraph shall apply to bonds purchased on or after ,july #b1 #aihb4 7#c7 ,certain rules with respect to obligations issued before ,march #b1 #aihd 7,a7 ,section #abgb7;a77#b7 is amended by striking subparagraph 7,d7 and by redesignating subparagraph 7,e7 as subparagraph 7,d74 7,b7 ,section #afc7;e77#d7 is amended to read as follows3 7#d7 ,exception ,this subsection shall not apply to any debt instrument described in section #abgb7;a77#b77;,d7 7relating to loans between natural persons74 4 7,c7 ,the amendments made by this paragraph shall apply to obligations issued on or after ,march #b1 #aihd4 7d7 ,deadwood provisions involving repeal of one or more sections 7#a7 ,energy efficient appliance credit 7,a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a is amended by striking section #de,m 7and by striking the item relating to such section in the table of sections for such subpart74 7,b7 ,conforming amendment ,section #ch7;b71 as amended by the preceding provisions of this ,act1 is amended by striking paragraph 7#bd7 and by redesignating paragraphs 7#be7 through 7#cf7 as paragraphs 7#bd7 through 7#ce71 respectively4 7#b7 ,qualifying therapeutic discovery project credit 7,a7 ,in general ,subpart ,e of part ,,iv of subchapter ,a of chapter #a is amended by striking section #dh;,d 7and by striking the item relating to such section in the table of sections for such subpart74 7,b7 ,conforming amendments 7i7 ,section #di7;a77#a77;,c7 is amended by adding and at the end of clause 7iv71 by striking 1 and at the end of clause 7v7 and inserting a period1 and by striking clause 7vi74 7ii7 ,section #ej7;a77#b77;,e7 is amended by striking #dh;,c7b77#b71 or #dh;,d7b77#d7 and inserting or #dh;,c7b77#b74 7iii7 ,section #bhj;,c is amended by striking the subsection 7g7 which relates to the qualifying therapeutic discovery project credit4 7,c7 ,savings provision ,in the case of the repeal of section #dh;,d7e77#a7 of the ,internal ,revenue ,code of #aihf1 the amendments made by this paragraph shall not apply to expenditures made in taxable years beginning before ,january #a1 #bjaa4 7#c7 ,,dc ,zone provisions 7,a7 ,in general ,chapter #a is amended by striking subchapter ,w 7and by striking the item relating to such subchapter in the table of subchapters for such chapter74 7,b7 ,conforming amendments 7i7 ,section #bc7;c77#a7 is amended by striking sections #be;,d and #adjj;,c and inserting section #be;,d4 7ii7 ,section #be7;e77#a77;,c7 is amended by striking sections #bc1 #be;,d1 and #adjj;,c and inserting sections #bc and #be;,d4 7iii7 ,section #de;,d7h7 is amended by striking sections #abjb1 #adjj;,b1 and #adjj;,f and inserting section #abjb4 7iv7 ,section #ajaf7;a7 is amended by striking paragraph 7#bg74 7v7 ,section #abjb7;a77#b77;,b7 is amended by inserting 7as in effect before its repeal7 after #adjj;,b7b74 7vi7 ,section #abbc7ac7 is amended by striking sections #abjb7;a77#b71 #abjb7;c77#b77;,a71 #adjj;,b7b71 and #adjj;,f7b7 and inserting subsections 7a77#b7 and 7c77#b77;,a7 of section #abjb4 7vii7 ,section #acig;,b7b77#a7 is amended by striking subparagraph 7,b74 7,c7 ,savings provisions ,the amendments made by this paragraph shall not apply to-- 7i7 in the case of the repeal of section #adjj;,a of the ,internal ,revenue ,code of #aihf1 obligations described in section #acid of such ,code 7as in effect before its repeal7 which were issued before ,january #a1 #bjab1 7ii7 in the case of the repeal of section #adjj;,b of such ,code1 ,,dc ,zone assets 7as defined in such section1 as in effect before its repeal7 which were acquired by the taxpayer before ,january #a1 #bjab1 and 7iii7 in the case of the repeal of section #adjj;,c of such ,code1 principal residences acquired before ,january #a1 #bjab4 7#d7 ,renewal community provisions 7,a7 ,in general ,chapter #a is amended by striking subchapter ,x 7and by striking the item relating to such subchapter in the table of subchapters for such chapter74 7,b7 ,conforming amendments 7i7 7,i7 ,section #dfi7;i77#c7 is amended by striking subparagraph 7,c7 and by redesignating subparagraphs 7,d71 7,e71 and 7,f7 as subparagraphs 7,c71 7,d71 and 7,e71 respectively4 7,,ii7 ,section #dfi7;i77#c77;,d71 as so redesignated1 is amended to read as follows3 7,d7 ,ordering rule ,paragraph 7#a7 shall be applied for any taxable year-- 7i7 first1 to the passive activity loss1 7ii7 second1 to the portion of the passive activity credit to which subparagraph 7,b7 and 7,c7 does not apply1 7iii7 third1 to the portion of such credit to which subparagraph 7,b7 applies1 and 7iv7 then1 to the portion of such credit to which subparagraph 7,c7 applies4 4 7,,iii7 ,section #dfi7;i77#f77;,b7 is amended-- 7aa7 by striking 1 rehabilitation credit1 or commercial revitalization deduction in the heading and inserting or rehabilitation credit1 7bb7 by adding or at the end of clause 7i71 7cc7 by striking 1 or at the end of clause 7ii7 and inserting a comma1 and 7dd7 by striking clause 7iii74 7,,iv7 ,section #acig;,b7b77#a71 as amended by the preceding provisions of this ,act1 is amended by adding at the end the following new subparagraph3 7,b7 ,references ,any reference in this paragraph to section #adjj;,f shall be treated as reference to such section before its repeal4 4 7,c7 ,savings provisions ,the amendments made by this paragraph shall not apply to-- 7i7 in the case of the repeal of section #adjj;,f of the ,internal ,revenue ,code of #aihf1 qualified community assets 7as defined in such section1 as in effect before its repeal7 which were acquired by the taxpayer before ,january #a1 #bjaj1 7ii7 in the case of the repeal section #adjj;,h of such ,code1 wages paid or incurred before ,january #a1 #bjaj1 7iii7 in the case of the repeal of section #adjj;,i of such ,code1 qualified revitalization buildings 7as defined in such section1 as in effect before its repeal7 which were placed in service before ,january #a1 #bjaj1 and 7iv7 in the case of the repeal of section #adjj;,j of such ,code1 property acquired before ,january #a1 #bjaj4 7#e7 ,short-term regional benefits 7,a7 ,in general ,chapter #a is amended by striking subchapter ,y 7and by striking the item relating to such subchapter in the table of subchapters for such chapter74 7,b7 ,conforming amendments 7i7 ,section #ch7;b71 as amended by the preceding provisions of this ,act1 is amended by striking paragraphs 7#bf71 7#bg71 7#bh71 and 7#bi7 and by redesignating paragraphs 7#cj7 through 7#ce7 as paragraphs 7#bf7 through 7#ca71 respectively4 7ii7 ,section #ch7;c77#b77;,a77ii77,,ii71 as amended by the preceding provisions of this ,act1 is amended by striking 1 the ,new ,york ,liberty ,zone business employee credit14 7iii7 ,section #ch7;c7 is amended by striking paragraph 7#c74 7iv7 ,section #ed7;c77#b7 is amended by striking section #adjj,n7l714 7v7 ,section #bhj;,c7a71 as amended by the preceding provisions of this ,act1 is amended by striking #acif7;a71 #adjj,p7b71 and #adjj,r and inserting and #acif7;a74 7vi7 ,section #fjcc7;b77#ad7 is amended by striking including the amount and use of qualified contributions to which section #adjj,s7a7 applies14 7vii7 ,section #fjdi7;d77#h77;,a7 is amended-- 7,i7 by striking or #adjj,n7l77#f71 and 7,,ii7 by striking or #adjj,n7l77#b77;,d71 as the case may be4 7,c7 ,savings provisions ,the amendments made by this paragraph shall not apply to-- 7i7 in the case of the repeal of section #adjj,l7a7 of the ,internal ,revenue ,code of #aihf1 qualified wages 7as defined in such section1 as in effect before its repeal7 which were paid or incurred before ,january #a1 #bjjd1 7ii7 in the case of the repeal of subsections 7b7 and 7f7 of section #adjj,l of such ,code1 qualified ,new ,york ,liberty ,zone property 7as defined in section #adjj,l7b7 of such ,code1 as in effect before its repeal7 placed in service before ,january #a1 #bjaj1 7iii7 in the case of the repeal of section #adjj,l7c7 of such ,code1 qualified ,new ,york ,liberty ,zone leasehold improvement property 7as defined in such section1 as in effect before its repeal7 placed in service before ,january #a1 #bjjg1 7iv7 in the case of the repeal of section #adjj,l7d7 of such ,code1 qualified ,new ,york ,liberty bonds 7as defined in such section1 as in effect before its repeal7 issued before ,january #a1 #bjad1 7v7 in the case of the repeal of section #adjj,l7e7 of such ,code1 advanced refundings before ,january #a1 #bjjf1 7vi7 in the case of the repeal of section #adjj,l7g7 of such ,code1 property which is compulsorily or involuntarily converted as a result of the terrorist attacks on ,september #aa1 #bjja1 7vii7 in the case of the repeal of section #adjj,n7a7 of such ,code1 obligations issued before ,january #a1 #bjab1 7viii7 in the case of the repeal of section #adjj,n7b7 of such ,code1 advanced refundings before ,january #a1 #bjaa1 7ix7 in the case of the repeal of section #adjj,n7d7 of such ,code1 property placed in service before ,january #a1 #bjab1 7x7 in the case of the repeal of section #adjj,n7e7 of such ,code1 property placed in service before ,january #a1 #bjji1 7xi7 in the case of the repeal of subsections 7f7 and 7g7 of section #adjj,n of such ,code1 amounts paid or incurred before ,january #a1 #bjjh1 7xii7 in the case of the repeal of section #adjj,n7h7 of such ,code1 amounts paid or incurred before ,january #a1 #bjab1 7xiii7 in the case of the repeal of section #adjj,n7k77#a77;,b7 of such ,code1 losses arising in taxable years beginning before ,january #a1 #bjjh1 7xiv7 in the case of the repeal of section #adjj,n7l7 of such ,code1 bonds issued before ,january #a1 #bjjg1 7xv7 in the case of the repeal of section #adjj,q7a7 of such ,code1 distributions before ,january #a1 #bjjg1 7xvi7 in the case of the repeal of section #adjj,q7b7 of such ,code1 contributions before ,march #a1 #bjjf1 7xvii7 in the case of the repeal of section #adjj,q7c7 of such ,code1 loans made before ,january #a1 #bjjg1 7xviii7 in the case of the repeal of section #adjj,r of such ,code1 wages paid or incurred before ,january #a1 #bjjf1 7xix7 in the case of the repeal of section #adjj,s7a7 of such ,code1 contributions paid before ,january #a1 #bjjf1 7xx7 in the case of the repeal of section #adjj,t of such ,code1 financing provided before ,january #a1 #bjaa1 and 7xxi7 in the case of the repeal of part ,,iii of subchapter ,y of chapter #a of such ,code1 obligations issued before ,january #a1 #bjaa4 7#f7 ,provisions related to ,,cobra premium assistance 7,a7 ,in general ,subchapter ,b of chapter #fe is amended by striking section #fdcb 7and by striking the item relating to such section in the table of sections for such subchapter74 7,b7 ,notification requirement ,part ,i of subchapter ,b of chapter #fh is amended by striking section #fgbj;,c 7and by striking the item relating to such section in the table of sections for such part74 7,c7 ,exclusion from gross income ,part ,,iii of subchapter ,b of chapter #a is amended by striking section #aci;,c 7and by striking the item relating to such section in the table of sections for such part74 7e7 ,general savings provision with respect to deadwood provisions ,if-- 7#a7 any provision amended or repealed by the amendments made by subsection 7b7 or 7d7 applied to-- 7,a7 any transaction occurring before the date of the enactment of this ,act1 7,b7 any property acquired before such date of enactment1 or 7,c7 any item of income1 loss1 deduction1 or credit taken into account before such date of enactment1 and 7#b7 the treatment of such transaction1 property1 or item under such provision would 7without regard to the amendments or repeals made by such subsection7 affect the liability for tax for periods ending after such date of enactment1 nothing in the amendments or repeals made by this section shall be construed to affect the treatment of such transaction1 property1 or item for purposes of determining liability for tax for periods ending after such date of enactment4