,i #aad? ,,congress #b;d ,session ,h4 ,r4 #fdci ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #f1 #bjaf,mr4 ,brady ( ,texas 7= himself & ,mr4 ,neal7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to make te*nical corrections1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts2 etc 7a7 ,%ort title ,?is ,act may be cit$ z ! ,tax ,te*nical ,corrections ,act ( #bjaf4 7b7 ,am5dm5t ( ,int]nal ,rev5ue ,code ( #aihf ,except z o!rwise expressly provid$1 :5ev] 9 ?is ,act an am5dm5t or repeal is express$ 9 t]ms ( an am5dm5t to1 or repeal (1 a section or o!r provision1 ! ref]5ce %all be consid]$ to be made to a section or o!r provision ( ! ,int]nal ,rev5ue ,code ( #aihf4 7c7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts2 etc4 ,title ,i--,tax te*nical corrections ,sec4 #aja4 ,am5dm5ts relat+ to ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae4 ,sec4 #ajb4 ,am5dm5t relat+ to ,consolidat$ ,appropriations ,act1 #bjaf4 ,sec4 #ajc4 ,am5dm5ts relat+ to ,fix+ ,am]ica's ,surface ,transportation ,act4 ,sec4 #ajd4 ,am5dm5ts relat+ to ,surface ,transportation & ,vet]ans ,heal? ,c>e ,*oice ,improvem5t ,act ( #bjae4 ,sec4 #aje4 ,am5dm5ts relat+ to ,/eph5 ,beck1 ,jr41 ,,able ,act ( #bjad4 ,sec4 #ajf4 ,am5dm5t relat+ to ,am]ican ,taxpay] ,relief ,act ( #bjab4 ,sec4 #ajg4 ,am5dm5t relat+ to ,unit$ ,/ates-,korea ,free ,trade ,agreem5t ,implem5tation ,act4 ,sec4 #ajh4 ,am5dm5t relat+ to ,,safetea-,,lu4 ,sec4 #aji4 ,am5dm5t relat+ to ! ,am]ican ,jobs ,creation ,act ( #bjjd4 ,title ,,ii--,te*nical corrections relat$ to p>tn]%ip audit rules ,sec4 #bja4 ,scope ( adju/m5ts subject to p>tn]%ip audit rules4 ,sec4 #bjb4 ,det]m9ation ( imput$ und]paym5ts4 ,sec4 #bjc4 ,alt]native proc$ure to fil+ am5d$ returns = purposes ( modify+ imput$ und]paym5t4 ,sec4 #bjd4 ,treatm5t ( pas/hr\gh p>tn]s 9 ti]$ /ructures4 ,sec4 #bje4 ,treatm5t ( failure ( p>tn]%ip to pay imput$ und]paym5t4 ,sec4 #bjf4 ,o!r te*nical corrections relat$ to p>tn]%ip audit rules4 ,sec4 #bjg4 ,effective date4 ,title ,,iii--,o!r corrections ,sec4 #cja4 ,am5dm5ts relat+ to ! ,bip>tisan ,budget ,act ( #bjae4 ,sec4 #cjb4 ,am5dm5ts relat+ to ! ,en]gy ,policy ,act ( #bjje4 ,title ,,iv--,cl]ical corrections & deadwood ,sec4 #dja4 ,cl]ical corrections & deadwood-relat$ provisions4 ,i ,tax te*nical corrections #aja4 ,am5dm5ts relat+ to ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae 7a7 ,am5dm5t relat+ to section #aje ,section #acb7;f77#f77;,a7 is am5d$ by /rik+ ! second s5t5ce4 7b7 ,am5dm5ts relat+ to section #aba ,section #da7;c7 is am5d$-- 7#a7 by /rik+ p>agraph 7#d71 7#b7 by r$esignat+ p>agraphs 7#e71 7#f71 & 7#g7 z p>agraphs 7#d71 7#e71 & 7#f71 respectively1 & 7#c7 by /rik+ ! la/ s5t5ce ( p>agraph 7#d77;,c7 7z s r$esignat$74 7c7 ,am5dm5ts relat+ to section #adc 7#a7 ,section #afh7k77#b77;,b77i77,,iii7 is am5d$ by ins]t+ b9d+ be=e contract4 7#b7 ,section #afh7k77#e77;,b77ii7 is am5d$-- 7,a7 by ins]t+ crop or aft] m ?an "o1 & 7,b7 by ins]t+ a m>ketable crop or yield ( aft] beg9s be>+4 7#c7 ,section #afh7k77#e77;,f7 is am5d$-- 7,a7 by /rik+ 7or is graft$ to a plant t has already be5 plant$ be=e su* date71 7,b7 by ins]t+ or graft$ aft] :i* is plant$1 & 7,c7 by /rik+ 7or s graft$7 9 clauses 7i7 & 7ii7 & ins]t+ or graft$4 7#d7 ,section #afh7k77#f7 is am5d$ to read z foll[s3 7#f7 ,phase-d[n ,9 ! case ( qualifi$ prop]ty plac$ 9 s]vice by ! taxpay] aft] ,decemb] #ca1 #bjag 7,decemb] #ca1 #bjah1 9 ! case ( prop]ty describ$ 9 subp>agraph 7,b7 or 7,c7 ( p>agraph 7#b771 p>agraph 7#a77;,a7 %all be appli$ by sub/itut+ = #ej p]c5t-- 7,a7 #dj p]c5t 9 ! case (-- 7i7 prop]ty plac$ 9 s]vice 9 #bjah 7o!r ?an prop]ty describ$ 9 subp>agraph 7,b7 or 7,c7 ( p>agraph 7#b771 & 7ii7 prop]ty describ$ 9 subp>agraph 7,b7 or 7,c7 ( p>agraph 7#b7 :i* is plac$ 9 s]vice 9 #bjai1 & 7,b7 #cj p]c5t 9 ! case (-- 7i7 prop]ty plac$ 9 s]vice 9 #bjai 7o!r ?an prop]ty describ$ 9 subp>agraph 7,b7 or 7,c7 ( p>agraph 7#b771 & 7ii7 prop]ty describ$ 9 subp>agraph 7,b7 or 7,c7 ( p>agraph 7#b7 :i* is plac$ 9 s]vice 9 #bjbj4 4 7#e7 ,section #afh7k77#g7 is am5d$ by /rik+ p>agraphs 7#a7 & 7#b77;,f7 & ins]t+ p>agraphs 7#a71 7#b77;,f71 & 7#d74 7d7 ,am5dm5ts relat+ to section #afg 7#a7 ,section #afh7;j77#c7 is am5d$ by /rik+ prop]ty to :i* p>agraph 7#a7 applies & ins]t+ qualifi$ ,indian res]vation prop]ty4 7#b7 ,section #afh7;j77#h7 is am5d$ by /rik+ ?is subsection & ins]t+ p>agraph 7#a74 7e7 ,am5dm5ts relat+ to section #bjb 7#a7 ,section #fgbb7;c77#c77;,a7 is am5d$-- 7,a7 by /rik+ any in=mation return 9 clause 7iii7 & ins]t+ su* payee /atem5t1 & 7,b7 by /rik+ fil$ 9 ! flu% matt] at ! end & ins]t+ furni%$4 7#b7 ,section #bjb7;e7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$ by /rik+ provid$ & ins]t+ furni%$4 7f7 ,am5dm5ts relat+ to section #bjc 7#a7 ,section #faji7;i77#a77;,a77i7 is am5d$ by /rik+ community-bas$ c]tifi$ acceptance ag5t & ins]t+ community-bas$ c]tify+ acceptance ag5t4 7#b7 ,section #faji7;i77#a77;,b7 is am5d$ by /rik+ ,int]nal ,rev5ue ,s]vice & ins]t+ ,int]nal ,rev5ue ,s]vice1 a community-bas$ c]tify+ acceptance ag5t approv$ by ! ,secret>y14 7#c7 ,section #faji7;i77#c7 is am5d$-- 7,a7 9 subp>agraph 7,a7-- 7i7 by ins]t+ end+ aft] ! issuance ( su* numb] be=e ! p]iod at ! end ( ! fir/ s5t5ce1 & 7ii7 by /rik+ on ! la/ day ( su* ?ird consecutive taxable ye> & ins]t+ on ! day aft] ! due date = ! return ( tax = su* ?ird consecutive taxable ye>1 & 7,b7 by /rik+ subp>agraph 7,b77ii7 & ins]t+ ! foll[+3 7ii7 if ! individual does n file a return ( tax 7or is n includ$ z a dep5d5t on ! return ( tax ( ano!r taxpay]7 = #c consecutive taxable ye>s at lea/ "o ( :i* ends aft] ,decemb] #ah1 #bjae1 ! due date = ! return ( tax = su* ?ird consecutive taxable ye>4 4 7#d7 ,section #bjc7;c7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$-- 7,a7 by /rik+ section #faji7;i77#a77;,a77i7 & ins]t+ section #faji7;i77#a71 7,b7 by /rik+ community-bas$ c]tifi$ acceptance ag5ts & ins]t+ community-bas$ c]tify+ acceptance ag5ts1 & 7,c7 by /rik+ ,c]tifi$ 9 ! head+ !re( & ins]t+ ,c]tify+4 7#e7 ,section #bjc7;f7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$ by /rik+ ,! am5dm5ts & ins]t+ ,except to ! ext5t provid$ 9 section #faji7;i77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! am5dm5ts4 7g7 ,am5dm5ts relat+ to section #bjd ,section #bjd7;b7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$-- 7#a7 by /rik+ p>agraph 7#b71 & 7#b7 by /rik+ s mu* z prec$es am5dm5t made by ?is section & ins]t+ ! foll[+3 7b7 ,effective date4--,!4 7h7 ,am5dm5ts relat+ to section #bje 7#a7 ,section #bd7;e77#b7 is am5d$ by /rik+ id5tify+ numb] & ins]t+ taxpay] id5tification numb]4 7#b7 ,section #bje7;c7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$-- 7,a7 by /rik+ p>agraph 7#b71 & 7,b7 by /rik+ s mu* z prec$es %all apply to any return ( tax & ins]t+ ! foll[+3 7c7 ,effective date4--,! am5dm5ts made by ?is section4 7i7 ,am5dm5ts relat+ to section #bjf ,section #bjf7;b7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$-- 7#a7 by /rik+ ,except z provid$ 9 p>agraph 7#b71 ! am5dm5t 9 p>agraph 7#a7 & ins]t+ ,! am5dm5t1 & 7#b7 by /rik+ p>agraph 7#b7 & r$esignat+ p>agraph 7#c7 z p>agraph 7#b74 7j7 ,am5dm5t relat+ to section #bji ,section #bji7;d77#b7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$ by /rik+ am5dm5t made by subsection 7b7 & ins]t+ am5dm5ts made by subsections 7b7 & 7c74 7k7 ,am5dm5ts relat$ to sections #ajb1 #bjf1 #bjg1 #bjh1 & #baa 7#a7 ,section #be;,a7b77#a7 is am5d$-- 7,a7 9 subp>agraph 7,a7 by /rik+ #a1jjj & ins]t+ #b1jjj1 & 7,b7 9 subp>agraph 7,b7-- 7i7 by /rik+ #ej p]c5t & ins]t+ #be p]c5t1 7ii7 by /rik+ #a1jjj & ins]t+ #b1jjj1 & 7iii7 by /rik+ ! applicable limit & ins]t+ #d1jjj4 7#b7 ,subp>agraphs 7,a7 & 7,c7 ( section #be;,a7b77#b7 are am5d$ by /rik+ #b 9 ! head+ & text ( ea* subp>agraph & ins]t+ #d4 7#c7 ,section #be;,a7b77#d7 is am5d$ to read z foll[s3 7#d7 ,re/rictions on taxpay]s :o improp]ly claim$ ,am]ican ,opportunity ,tax ,cr$it 9 prior ye>s 7,a7 ,taxpay]s mak+ prior fraudul5t or reckless claims 7i7 ,9 g5]al ,no ,am]ican ,opportunity ,tax ,cr$it %all be all[$ "u ?is section = any taxable ye> 9 ! disall[ance p]iod4 7ii7 ,disall[ance p]iod ,= purposes ( subp>agraph 7,a71 ! disall[ance p]iod is-- 7,i7 ! p]iod ( #aj taxable ye>s aft] ! mo/ rec5t taxable ye> = :i* !re 0 a f9al det]m9ation t ! taxpay]'s claim ( ! ,am]ican ,opportunity ,tax ,cr$it "u ?is section 0 due to fraud1 & 7,,ii7 ! p]iod ( #b taxable ye>s aft] ! mo/ rec5t taxable ye> = :i* !re 0 a f9al det]m9ation t ! taxpay]'s claim ( ! ,am]ican ,opportunity ,tax ,cr$it "u ?is section 0 due to reckless or int5tional disreg>d ( rules & regulations 7b n due to fraud74 7,b7 ,taxpay]s mak+ improp] prior claims ,9 ! case ( a taxpay] :o is d5i$ ! ,am]ican ,opportunity ,tax ,cr$it "u ?is section = any taxable ye> z a result ( ! defici5cy proc$ures "u sub*apt] ,b ( *apt] #fc1 no ,am]ican ,opportunity ,tax ,cr$it %all be all[$ "u ?is section = any subsequ5t taxable ye> unless ! taxpay] provides su* in=mation z ! ,secret>y may require to demon/rate eligibility = su* cr$it4 4 7#d7 ,section #be;,a7d7 is am5d$ to read z foll[s3 7d7 ,limitations bas$ on modifi$ adju/$ gross income 7#a7 ,am]ican ,opportunity ,tax ,cr$it ,! ,am]ican ,opportunity ,tax ,cr$it 7det]m9$ )\t reg>d to ?is p>agraph7 %all be r$uc$ 7b n bel[ z]o7 by ! am\nt :i* be>s ! same ratio to su* cr$it 7z s det]m9$7 z-- 7,a7 ! excess (-- 7i7 ! taxpay]'s modifi$ adju/$ gross income = su* taxable ye>1 ov] 7ii7 #hj1jjj 7#afj1jjj 9 ! case ( a jo9t return71 be>s to 7,b7 #aj1jjj 7#bj1jjj 9 ! case ( a jo9t return74 7#b7 ,lifetime ,le>n+ ,cr$it ,! ,lifetime ,le>n+ ,cr$it 7det]m9$ )\t reg>d to ?is p>agraph7 %all be r$uc$ 7b n bel[ z]o7 by ! am\nt :i* be>s ! same ratio to su* cr$it 7z s det]m9$7 z-- 7,a7 ! excess (-- 7i7 ! taxpay]'s modifi$ adju/$ gross income = su* taxable ye>1 ov] 7ii7 #dj1jjj 7#hj1jjj 9 ! case ( a jo9t return71 be>s to 7,b7 #aj1jjj 7#bj1jjj 9 ! case ( a jo9t return74 7#c7 ,modifi$ adju/$ gross income ,= purposes ( ?is subsection1 ! t]m modifi$ adju/$ gross income means ! adju/$ gross income ( ! taxpay] = ! taxable ye> increas$ by any am\nt exclud$ f gross income "u section #iaa1 #ica1 or #icc4 4 7#e7 ,section #be;,a7f77#a7 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ,requir$ c\rse mat]ials tak5 into acc\nt = ,am]ican ,opportunity ,tax ,cr$it ,= purposes ( det]m9+ ! ,am]ican ,opportunity ,tax ,cr$it1 subp>agraph 7,a7 %all be appli$ by sub/itut+ tuition1 fees1 & c\rse mat]ials = tuition & fees4 4 7#f7 ,section #be;,a7g77#a7 is am5d$-- 7,a7 by /rik+ ,no cr$it & ins]t+ ! foll[+3 7,a7 ,9 g5]al ,no cr$it 1 & 7,b7 by add+ at ! end ! foll[+ new subp>agraph3 7,b7 ,additional id5tification requirem5ts ) respect to ,am]ican ,opportunity ,tax ,cr$it 7i7 ,/ud5t ,! requirem5ts ( subp>agraph 7,a7 %all n be treat$ z met ) respect to ! ,am]ican ,opportunity ,tax ,cr$it unless ! individual's taxpay] id5tification numb] 0 issu$ on or be=e ! due date = fil+ ! return ( tax = ! taxable ye>4 7ii7 ,taxpay] ,no ,am]ican ,opportunity ,tax ,cr$it %all be all[$ "u ?is section if ! taxpay] id5tification numb] ( ! taxpay] 0 issu$ aft] ! due date = fil+ ! return = ! taxable ye>4 7iii7 ,in/itution ,no ,am]ican ,opportunity ,tax ,cr$it %all be all[$ "u ?is section unless ! taxpay] includes ! employ] id5tification numb] ( any in/itution to :i* qualifi$ tuition & relat$ exp5ses 7 paid ) respect to ! individual4 4 7#g7 ,section #be;,a7h7 is am5d$ to read z foll[s3 7h7 ,inflation adju/m5t 7#a7 ,9 g5]al ,9 ! case ( a taxable ye> beg9n+ aft] #bjja1 ! #dj1jjj & #hj1jjj am\nts 9 subsection 7d77#b7 %all ea* be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ cal5d> ye> #bjjj = cal5d> ye> #aiib 9 subp>agraph 7,b7 !re(4 7#b7 ,r\nd+ ,if any am\nt z adju/$ "u p>agraph 7#a7 is n a multiple ( #a1jjj1 su* am\nt %all be r\nd$ to ! next l[e/ multiple ( #a1jjj4 4 7#h7 ,section #be;,a7i7 is am5d$ to read z foll[s3 7i7 ,portion ( ,am]ican ,opportunity ,tax ,cr$it made refundable ,=ty p]c5t ( s mu* ( ! cr$it all[$ "u subsection 7a7 z is attributable to ! ,am]ican ,opportunity ,tax ,cr$it 7det]m9$ aft] application ( subsection 7d7 & )\t reg>d to ?is p>agraph & section #bf7;a77 %all be treat$ z a cr$it all[able "u subp>t ,c 7& n all[$ "u subsection 7a774 ,! prec$+ s5t5ce %all n apply to any taxpay] = any taxable ye> if su* taxpay] is a *ild to :om subsection 7g7 ( section #a applies = su* taxable ye>4 4 7#i7 ,! head+ ( section #be;,a is am5d$ by /rik+ ,hope & ins]t+ ,am]ican ,opportunity4 7#aj7 ,! item relat+ to section #be;,a 9 ! table ( cont5ts = subp>t ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #be;,a4 ,am]ican ,opportunity & ,lifetime ,le>n+ cr$its4 4 7#aa7 ,! head+ ( section #be;,a7b7 is am5d$ by /rik+ ,hope ,s*ol>%ip ,cr$it & ins]t+ ,am]ican ,opportunity ,tax ,cr$it4 7#ab7 ,! head+ ( section #be;,a7b77#b7 is am5d$ by /rik+ hope s*ol>%ip cr$it & ins]t+ am]ican opportunity tax cr$it4 7#ac7 ,! head+ ( section #be;,a7c77#b77;,a7 is am5d$ by /rik+ hope s*ol>%ip & ins]t+ am]ican opportunity tax cr$it4 7#ad7 ,section #be;,a1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by /rik+ ,hope ,s*ol>%ip ,cr$it ea* place x appe>s 9 ! text & ins]t+ ,am]ican ,opportunity ,tax ,cr$it4 7#ae7 ,! head+ ( section #ebi7;c77#c77;,b77v7 is am5d$ by /rik+ hope & ins]t+ am]ican opportunity4 7#af7 ,! head+ ( section #ecj7;d77#b77;,c7 is am5d$ by /rik+ hope & ins]t+ am]ican opportunity4 7#ag7 ,section #fbaa7;b77#d77;,a71 z am5d$ by ?is ,act1 is am5d$ by /rik+ subsection 7i77#e7 & ins]t+ subsection 7i74 7#ah7 ,section #fbac7;g77#b77,q7 is am5d$ to read z foll[s3 7,q7 an omission ( in=mation requir$ by section #be;,a7b77#d77;,b7 or an entry on ! return claim+ ! ,am]ican ,opportunity ,tax ,cr$it = a taxable ye> = :i* su* cr$it is disall[$ "u section #be;,a7b77#d77;,a74 4 7#ai7 ,section #bjg7;b77#a7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$ by /rik+ ! ,am]ican opportunity tax cr$it "u section #be;,a7i7 ( su* ,code & ins]t+ ! ,am]ican ,opportunity ,tax ,cr$it "u section #be;,a ( su* ,code4 7l7 ,am5dm5t relat+ to section #caa 7#a7 ,! la/ s5t5ce ( section #cee7;h77#b77;,b7 is am5d$ by /rik+ #hj p]c5t bo? places x appe>s & ins]t+ at lea/ #hj p]c5t4 7#b7 ,section #cee7;h77#b7 is am5d$-- 7,a7 by /rik+ sp9(fs 9 ! head+ ( su* p>agraph & ins]t+ di/ributions1 & 7,b7 by /rik+ ,sp9(fs 9 ! head+s ( subp>agraphs 7,a7 & 7,b7 & ins]t+ ,di/ributions4 7m7 ,am5dm5t relat+ to section #cah 7#a7 ,section #hef7;c77#i77;,a7 is am5d$-- 7,a7 by /rik+ ,p]sonal prop]ty & ins]t+ ! foll[+3 7i7 ,9 g5]al ,p]sonal prop]ty 1 & 7,b7 by add+ at ! end ! foll[+ new clause3 7ii7 ,treatm5t ( ga9 on disposition ,if-- 7,i7 p]sonal prop]ty is leas$ "u1 or 9 connection )1 a lease ( real prop]ty1 = a p]iod ( n less ?an #a ye>1 & r5ts attributable to su* p]sonal prop]ty are treat$ z r5ts f real prop]ty "u subsection 7d77#a77;,c71 7,,ii7 any portion ( su* p]sonal prop]ty & any portion ( su* real prop]ty are sold1 or o!rwise dispos$ (1 9 a s+le disposition 7or contemporane\sly 9 sep>ate dispositions71 & 7,,iii7 ! fair m>ket value ( ! p]sonal prop]ty s sold or contemporane\sly dispos$ ( 7det]m9$ at ! "t ( disposition7 does n exce$ #ae p]c5t ( ! total fair m>ket value ( all ( ! p]sonal & real prop]ty s sold or contemporane\sly dispos$ ( 7det]m9$ at ! "t ( disposition71 any ga9 f su* dispositions %all be treat$ = purposes ( p>agraphs 7#b77;,h7 & 7#c77;,h7 z ga9 f ! disposition ( a real e/ate asset4 4 7#b7 ,section #hef7;c77#i77;,b7 is am5d$ to read z foll[s3 7,b7 ,c]ta9 p]sonal prop]ty mortgag$ 9 connection ) real prop]ty 7i7 ,9 g5]al ,9 ! case ( an obligation secur$ by a mortgage on bo? real prop]ty & p]sonal prop]ty1 if ! fair m>ket value ( su* p]sonal prop]ty does n exce$ #ae p]c5t ( ! total fair m>ket value ( all su* prop]ty1 su* obligation %all be treat$-- 7,i7 = purposes ( p>agraph 7#c77;,b71 z an obligation describ$ !re91 7,,ii7 = purposes ( p>agraph 7#d77;,a71 z a real e/ate asset1 & 7,,iii7 = purposes ( p>agraphs 7#b77;,d7 & 7#c77;,c71 z a mortgage on real prop]ty4 7ii7 ,det]m9ation ( fair m>ket value 7,i7 ,9 g5]al ,except z provid$ 9 subclause 7,,ii71 ! fair m>ket value ( all su* prop]ty %all be det]m9$ = purposes ( clause 7i7 9 ! same mann] z ! fair m>ket value ( real prop]ty is det]m9$ = purposes ( apportion+ int]e/ income betwe5 real prop]ty & p]sonal prop]ty "u p>agraph 7#c77;,b74 7,,ii7 ,ga9 on disposition ,= purposes ( apply+ clause 7i77,,iii71 fair m>ket value %all be det]m9$ at ! "t ( sale or o!r disposition4 4 7n7 ,am5dm5ts relat+ to section #cbb 7#a7 ,section #hig7k77#b7 is am5d$-- 7,a7 by /rik+ s mu* ( subp>agraph 7,b7 z prec$es am\nts realiz$ by ! qualifi$ %>ehold] & ins]t+ ! foll[+3 7,b7 ,exception ,9 ! case ( a qualifi$ %>ehold] ) "o or m applicable inve/ors-- 7i7 subp>agraph 7,a77i7 %all n apply to ! applicable p]c5tage ( ! /ock ( ! real e/ate inve/m5t tru/ held by ! qualifi$ %>ehold]1 & 7ii7 ! applicable p]c5tage ( ! 1 & 7,b7 by add+ at ! end ! foll[+ new subp>agraph3 7,f7 ,applicable p]c5tage ,= purposes ( subp>agraph 7,b71 ! t]m applicable p]c5tage means ! p]c5tage ( ! value ( ! int]e/s 7o!r ?an int]e/s held solely z a cr$itor7 9 ! qualifi$ %>ehold] held by applicable inve/ors4 4 7#b7 ,section #hig7k77#b77;,d7 is am5d$ by /rik+ p>agraph & ins]t+ subsection4 7#c7 ,section #hig7k77#b77;,e7 is am5d$ by /rik+ & 7,c7 & p>agraph 7#d7 & ins]t+ & 7,d74 7#d7 ,section #hig7k77#c77;,b77i7 is am5d$ by /rik+ s mu* z prec$es = a r$uc$ rate ( )hold+ & ins]t+ ! foll[+3 7i7 :i*-- 7,i7 is eligible = b5efits "u ! compreh5sive income tax treaty describ$ 9 subp>agraph 7,a77i77,i71 b only if ! divid5ds article ( su* treaty imposes conditions on ! b5efits all[able 9 ! case ( divid5ds paid by a real e/ate inve/m5t tru/1 & 7,,ii7 is eligible "u su* treaty 4 7#e7 ,section #hig7k77#c77;,b77ii7 is am5d$-- 7,a7 by add+ & at ! end ( subclause 7,,ii71 & 7,b7 by /rik+ ,unit$ ,/ates corporation 9 subclause 7,,iii7 & ins]t+ dome/ic corporation4 7#f7 ,section #cbb ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$ by /rik+ subsections 7b77#b7 & 7c77#c71 & ! ,int]nal ,rev5ue ,code ( #aihf %all be appli$ z if su* subsections1 & am5dm5ts made !reby1 _h nev] be5 enact$4 7#g7 ,section #cbb7;c77#b7 ( su* ,act is am5d$ by /rik+ take effect on & ins]t+ ! foll[+3 apply ) respect to te/+ p]iods 7z def9$ 9 section #hig7;h77#d77;,d7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 end+ on or aft]4 7o7 ,am5dm5ts relat$ to section #cbc 7#a7 ,s mu* ( subsection 7l7 ( section #hig z prec$es p>agraph 7#b7 !re( is am5d$ to read z foll[s3 7l7 ,exception = qualifi$ =eign p5sion funds 7#a7 ,9 g5]al ,= purposes ( ?is section1 a qualifi$ =eign p5sion fund %all n be treat$ z a nonresid5t ali5 individual or a =eign corporation4 ,= purposes ( ! prec$+ s5t5ce1 an entity all ! int]e/s ( :i* are held by a qualifi$ =eign p5sion fund %all be treat$ z su* a fund4 4 7#b7 ,subp>agraph 7,b7 ( section #hig7l77#b7 is am5d$ to read z foll[s3 7,b7 :i* is e/abli%$-- 7i7 by su* c\ntry 7or "o or m political subdivisions !re(7 to provide retirem5t or p5sion b5efits to p>ticipants or b5efici>ies t are curr5t or =m] employees 7includ+ self-employ$ individuals7 or p]sons designat$ by su* employees1 z a result ( s]vices r5d]$ by su* employees to _! employ]s1 or 7ii7 by "o or m employ]s to provide retirem5t or p5sion b5efits to p>ticipants or b5efici>ies t are curr5t or =m] employees 7includ+ self-employ$ individuals7 or p]sons designat$ by su* employees 9 consid]ation = s]vices r5d]$ by su* employees to su* employ]s1 4 7#c7 ,section #hig7l77#b77;,d7 is am5d$ by /rik+ provides annual in=mation report+ ab\t its b5efici>ies to ! relevant tax au?orities & ins]t+ ) respect to :i* annual in=mation ab\t its b5efici>ies is provid$1 or is o!rwise available1 to ! relevant tax au?orities4 7#d7 ,section #hig7l77#b77;,e7 is am5d$-- 7,a7 by /rik+ su* entity 9 clause 7i7 & ins]t+ su* entity or arrangem5t1 & 7,b7 by /rik+ or su* income is tax$ at a r$uc$ rate 9 clause 7ii7 & ins]t+ 1 or su* income is exclud$ f ! gross income ( su* entity or arrangem5t or is tax$ at a r$uc$ rate4 7p7 ,am5dm5ts relat+ to section #ccc 7#a7 ,section #hca7;b77#b7 is am5d$ by r$esignat+ subp>agraph 7,d7 z subp>agraph 7,e7 & by ins]t+ aft] subp>agraph 7,c7 ! foll[+ new subp>agraph3 7,d7 ,look-?r\gh ( re9surance & front+ arrangem5ts ,9 ! case ( re9surance or any front+1 int]m$i>y1 or simil> arrangem5t1 ! t]m policyhold] means ea* policyhold] ( ! und]ly+ direct writt5 insurance ) respect to su* re9surance or arrangem5t4 4 7#b7 7,a7 ,subclause 7,,ii7 ( section #hca7;b77#b77;,b77i7 is am5d$ by /rik+ specifi$ assets & ins]t+ relevant specifi$ assets4 7,b7 ,section #hca7;b77#b77;,b77ii7 is am5d$ by r$esignat+ subclauses 7,,ii71 7,,iii71 & 7,,iv7 z subclauses 7,,iii71 7,,iv71 & 7,v71 respectively1 & by ins]t+ aft] subclause 7,i7 ! foll[+ new subclause3 7,,ii7 ,relevant specifi$ assets ,! t]m relevant specifi$ assets means1 ) respect to any specifi$ hold] ) respect to any insurance company1 ! aggregate am\nt ( ! specifi$ assets1 ) respect to su* insurance company1 any int]e/ 9 :i* is held 7directly or indirectly7 by any sp\se or specifi$ relation ( su* specifi$ hold]4 ,su* t]m %all n include any specifi$ asset solely by reason ( an int]e/ 9 su* asset :i* 0 acquir$ by su* sp\se or specifi$ relation by beque/1 devise1 or inh]itance f a dec$5t dur+ ! taxable ye> ( ! insurance company or ! prec$+ taxable ye>4 ,= purposes ( ?is subclause1 ! t]m specifi$ relation means any individual ) respect to :om ! specifi$ hold] be>s a relation%ip describ$ 9 subclause 7,i74 4 7q7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 ! provision ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae to :i* !y relate4 #ajb4 ,am5dm5t relat+ to ,consolidat$ ,appropriations ,act1 #bjaf 7a7 ,am5dm5t relat+ to section #cje ( division ,p ,section #aii7;c77#c77;,c77i7 is am5d$-- 7#a7 by ins]t+ :o elects ! application ( ?is clause = any taxable ye>1 aft] ,9 ! case ( any taxpay]1 7#b7 by /rik+ & :o & ins]t+ 1 & :o1 7#c7 by /rik+ ! taxable ye> & ins]t+ su* taxable ye>1 & 7#d7 by /rik+ "u subsection 7d77#i77;,b7 & ins]t+ 7z def9$ 9 subsection 7d77#i77;,b774 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect z if includ$ 9 section #cje ( division ,p ( ! ,consolidat$ ,appropriations ,act1 #bjaf4 #ajc4 ,am5dm5ts relat+ to ,fix+ ,am]ica's ,surface ,transportation ,act 7a7 ,am5dm5ts relat+ to section #cbaja 7#a7 ,section #gcde7;e77#a7 is am5d$-- 7,a7 by /rik+ or ! ,tax ,c\rt & ins]t+ 1 or aga9/ ! ,commission] 9 ! ,tax ,c\rt11 & 7,b7 by add+ at ! end ! foll[+3 ,= purposes ( ! prec$+ s5t5ce1 ! c\rt fir/ acquir+ jurisdiction ov] su* an action %all h sole jurisdiction44 7#b7 ,section #gcde7;f7 is am5d$ by /rik+ subsection 7a7 & ins]t+ subsection 7b77#a77;,b74 7b7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 section #cbaja ( ! ,fix+ ,am]ica's ,surface ,transportation ,act4 #ajd4 ,am5dm5ts relat+ to ,surface ,transportation & ,vet]ans ,heal? ,c>e ,*oice ,improvem5t ,act ( #bjae 7a7 ,am5dm5t relat+ to section #bjjd ,section #fffb7k7 is am5d$ to read z foll[s3 7k7 ,inconsi/5t e/ate basis report+ ,= purposes ( ?is section1 !re is an inconsi/5t e/ate basis if ! adju/$ basis ( prop]ty 7to :i* section #ajad7;f7 applies7 claim$ on a return exce$s ! am\nt t w\ld h be5 s claim$ if ! basis ( su* prop]ty _h be5 prop]ly det]m9$ "u su* section4 4 7b7 ,am5dm5ts relat+ to section #bjjh ,section #iejc7;e77#b7 is am5d$-- 7#a7 by /rik+ p] gallon 9 subp>agraph 7,c7 & ins]t+ p] en]gy equival5t ( a gallon ( diesel 7z def9$ 9 section #djda7;a77#b77;,d771 & 7#b7 by /rik+ p] gallon 9 subp>agraph 7,d7 & ins]t+ p] en]gy equival5t ( a gallon ( gasol9e 7z def9$ 9 section #djda7;a77#b77;,c774 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 ! provision ( ! ,surface ,transportation & ,vet]ans ,heal? ,c>e ,*oice ,improvem5t ,act ( #bjae to :i* !y relate4 #aje4 ,am5dm5ts relat+ to ,/eph5 ,beck1 ,jr41 ,,able ,act ( #bjad 7a7 ,am5dm5ts relat+ to section #bjh ,section #bjh7;h7 ( ! ,/eph5 ,beck1 ,jr41 ,,able ,act ( #bjad is am5d$-- 7#a7 by /rik+ s mu* z prec$es made by ?is section & ins]t+ ! foll[+3 7h7 ,effective date 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 ! am5dm5ts 1 7#b7 by ins]t+ 1 & /atem5ts requir$ to be furni%$1 aft] returns requir$ to be fil$1 & 7#c7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 ,subsection 7c7 ,! am5dm5t made by subsection 7c7 %all apply to returns or claims = refund fil$ aft] ,decemb] #ca1 #bjad4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 section #bjh ( ! ,/eph5 ,beck1 ,jr41 ,,able ,act ( #bjad4 #ajf4 ,am5dm5t relat+ to ,am]ican ,taxpay] ,relief ,act ( #bjab 7a7 ,am5dm5t relat+ to section #ajd ,section #fbaa7;b77#d77;,a7 is am5d$ by /rik+ subsection 7i77#f7 & ins]t+ subsection 7i77#e74 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect z if includ$ 9 section #ajd ( ! ,am]ican ,taxpay] ,relief ,act ( #bjab4 #ajg4 ,am5dm5t relat+ to ,unit$ ,/ates-,korea ,free ,trade ,agreem5t ,implem5tation ,act 7a7 ,am5dm5t relat+ to section #eja ,section #eja7;b7 ( ! ,unit$ ,/ates-,korea ,free ,trade ,agreem5t ,implem5tation ,act is am5d$ by /rik+ returns requir$ to be fil$ & ins]t+ docum5ts prep>$4 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect z if includ$ 9 section #eja ( ! ,unit$ ,/ates-,korea ,free ,trade ,agreem5t ,implem5tation ,act4 #ajh4 ,am5dm5t relat+ to ,,safetea-,,lu 7a7 ,am5dm5t relat+ to section #aaabe ,section #efha7;b7 is am5d$ by /rik+ :o has paid ! special tax 7or :o is exempt f paym5t ( su* special tax by reason ( ! provisions ( section #eaac7;a77 & ins]t+ :o meets ! requirem5ts ( section #eaba7;a7 & section #eabd 7or :o is exempt f su* requirem5ts by reason ( section #eaba7;b774 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect z if includ$ 9 section #aaabe ( ! ,safe1 ,acc\ntable1 ,flexible1 ,effici5t ,transportation ,equity ,act3 ,a ,legacy = ,us]s4 #aji4 ,am5dm5t relat+ to ! ,am]ican ,jobs ,creation ,act ( #bjjd 7a7 ,am5dm5t relat+ to section #cai ,section #eja7;c77#ab77;,e7 is am5d$ by /rik+ means ! ,f$]al ,en]gy ,regulatory ,commission & all t foll[s & ins]t+3 means-- 7i7 ! ,f$]al ,en]gy ,regulatory ,commission1 & 7ii7 9 ! case ( any utility ) respect to :i* all ( ! electricity g5]at$1 transmitt$1 or di/ribut$ by su* utility is g5]at$1 transmitt$1 di/ribut$1 & consum$ 9 ! same ,/ate1 ! ,/ate ag5cy ( su* ,/ate ) ! au?ority to regulate electric utilities4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect z if includ$ 9 section #cai ( ! ,am]ican ,jobs ,creation ,act ( #bjjd4 ,,ii ,te*nical corrections relat$ to p>tn]%ip audit rules #bja4 ,scope ( adju/m5ts subject to p>tn]%ip audit rules 7a7 ,9 g5]al ,section #fbda7b7 is am5d$ to read z foll[s3 7#b7 ,p>tn]%ip adju/m5t 7,a7 ,9 g5]al ,! t]m p>tn]%ip adju/m5t means any adju/m5t to a p>tn]%ip-relat$ item4 7,b7 ,p>tn]%ip-relat$ item ,! t]m p>tn]%ip-relat$ item means-- 7i7 any item or am\nt ) respect to ! p>tn]%ip 7)\t reg>d to :e!r or n su* item or am\nt appe>s on ! p>tn]%ip's return & includ+ any item or am\nt relat+ to any transaction )1 basis 91 or liability (1 ! p>tn]%ip7 :i* is relevant 7det]m9$ )\t reg>d to ?is sub*apt]7 9 det]m9+ ! tax liability ( any p]son "u *apt] #a1 & 7ii7 any p>tn]'s di/ributive %>e ( any item or am\nt describ$ 9 clause 7i74 4 7b7 ,coord9ation ) o!r *apt]s ,section #fbda is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#i7 ,coord9ation ) o!r *apt]s ,?is sub*apt] %all n apply ) respect to any tax impos$ 7or any am\nt requir$ to be d$uct$ or )held7 "u *apt] #b1 #b;,a1 #c1 or #d1 except t any p>tn]%ip adju/m5t det]m9$ "u ?is sub*apt] = purposes ( *apt] #a %all be tak5 into acc\nt = purposes ( det]m9+ any su* tax to ! ext5t t su* adju/m5t is relevant to su* det]m9ation4 4 7c7 ,con=m+ am5dm5ts 7#a7 ,section #fbaa7;c7 is am5d$ to read z foll[s3 7c7 ,coord9ation ) sub*apt] ,c ,9 det]m9+ ! am\nt ( any defici5cy = purposes ( ?is sub*apt]1 adju/m5ts to p>tn]%ip-relat$ items %all be made only z provid$ 9 sub*apt] ,c4 4 7#b7 ,section #fbba7;a7 is am5d$ to read z foll[s3 7a7 ,9 g5]al ,any adju/m5t to a p>tn]%ip-relat$ item %all be det]m9$1 & any tax attributable !reto %all be assess$ & collect$1 & ! applicability ( any p5alty1 addition to tax1 or additional am\nt :i* relates to an adju/m5t to any su* item %all be det]m9$1 at ! p>tn]%ip level1 except to ! ext5t o!rwise provid$ 9 ?is sub*apt]4 4 7#c7 ,section #fbbb7;a7 is am5d$ to read z foll[s3 7a7 ,9 g5]al ,a p>tn] %all1 on ! p>tn]'s return1 treat any p>tn]%ip-relat$ item 9 a mann] :i* is consi/5t ) ! treatm5t ( su* item on ! p>tn]%ip return4 4 7#d7 ,section #fbbf7;a77#b7 is am5d$ by /rik+ any adju/m5t to income1 ga91 loss1 d$uction1 or cr$it & ins]t+ any adju/m5t to a p>tn]%ip-relat$ item4 7#e7 ,section #fbbg7;a7 is am5d$ by /rik+ items ( income1 ga91 loss1 d$uction1 or cr$it ( ! p>tn]%ip & ins]t+ p>tn]%ip-relat$ items4 7#f7 ,section #fbca7;a77#a7 is am5d$ by /rik+ any item ( income1 ga91 loss1 d$uction1 or cr$it ( a p>tn]%ip = a p>tn]%ip taxable ye> & ins]t+ any p>tn]%ip-relat$ item = any p>tn]%ip taxable ye>4 7#g7 ,section #fbcd7;c7 is am5d$ by /rik+ all items ( income1 ga91 loss1 d$uction1 or cr$it ( ! p>tn]%ip & ins]t+ all p>tn]%ip-relat$ items4 #bjb4 ,det]m9ation ( imput$ und]paym5ts 7a7 ,9 g5]al ,section #fbbe7;b7 is am5d$ to read z foll[s3 7b7 ,det]m9ation ( imput$ und]paym5ts ,= purposes ( ?is sub*apt]-- 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is section1 any imput$ und]paym5t ) respect to any review$ ye> %all be det]m9$ by ! ,secret>y by-- 7,a7 appropriately nett+ all p>tn]%ip adju/m5ts ) respect to su* review$ ye>1 & 7,b7 apply+ ! highe/ rate ( tax 9 effect = ! review$ ye> "u section #a or #aa4 7#b7 ,adju/m5ts to di/ributive %>es ( p>tn]s n nett$ ,9 ! case ( any adju/m5t :i* reallocates ! di/ributive %>e ( any item f "o p>tn] to ano!r1 su* adju/m5t %all be tak5 into acc\nt by disreg>d+ s mu* ( su* adju/m5t z results 9 a decrease 9 ! am\nt ( ! imput$ und]paym5t4 7#c7 ,adju/m5ts sep>ately nett$ by category ,= purposes ( p>agraph 7#a77;,a71 p>tn]%ip adju/m5ts = any review$ ye> %all fir/ be sep>ately det]m9$ 7& nett$ z appropriate7 )9 ea* category ( items t are requir$ to be tak5 into acc\nt sep>ately "u section #gjb7;a7 or o!r provision ( ?is title4 7#d7 ,limitation on adju/m5ts t may be tak5 into acc\nt ,if any adju/m5t w\ld 7b = ?is p>agraph7-- 7,a7 result 9 a decrease 9 ! am\nt ( ! imput$ und]paym5t1 & 7,b7 c\ld be subject to any additional limitation "u ! provisions ( ?is title 7or n all[$1 9 :ole or 9 "p1 aga9/ ord9>y income7 if su* adju/m5t 7 tak5 into acc\nt by any p]son1 su* adju/m5t %all n be tak5 into acc\nt "u p>agraph 7#a77;,a7 except to ! ext5t o!rwise provid$ by ! ,secret>y4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #fbbe7;a7 is am5d$ to read z foll[s3 7a7 ,9 g5]al ,9 ! case ( any adju/m5ts by ! ,secret>y to any p>tn]%ip-relat$ items ) respect to any review$ ye> ( a p>tn]%ip-- 7#a7 if su* adju/m5ts result 9 an imput$ und]paym5t1 ! p>tn]%ip %all pay an am\nt equal to su* imput$ und]paym5t 9 ! adju/m5t ye> z provid$ 9 section #fbcb1 & 7#b7 if su* adju/m5ts d n result 9 an imput$ und]paym5t1 su* adju/m5ts %all be tak5 into acc\nt by ! p>tn]%ip 9 ! adju/m5t ye>4 4 7#b7 ,section #fbbe7;c7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#i7 ,modification ( adju/m5ts n result+ 9 an imput$ und]paym5t ,! ,secret>y %all e/abli% proc$ures "u :i* ! adju/m5ts describ$ 9 subsection 7a77#b7 may be modifi$ 9 su* mann] z ! ,secret>y det]m9es appropriate4 4 #bjc4 ,alt]native proc$ure to fil+ am5d$ returns = purposes ( modify+ imput$ und]paym5t 7a7 ,9 g5]al ,section #fbbe7;c77#b7 is am5d$ to read z foll[s3 7#b7 ,proc$ures = p>tn]s to take adju/m5ts into acc\nt 7,a7 ,am5d$ returns ( p>tn]s ,su* proc$ures %all provide t if-- 7i7 "o or m p>tn]s file returns = ! taxable ye> ( ! p>tn]s :i* includes ! end ( ! review$ ye> ( ! p>tn]%ip 7& = any taxable ye> ) respect to :i* any tax attribute is affect$ by reason ( any adju/m5t ref]r$ to 9 clause 7ii771 7ii7 su* returns take into acc\nt all adju/m5ts "u subsection 7a7 prop]ly allocable to su* p>tn]s 7& ! effect ( su* adju/m5ts on any tax attributes71 & 7iii7 paym5t ( any tax due is includ$ ) su* returns1 !n ! imput$ und]paym5t am\nt %all be det]m9$ )\t reg>d to ! portion ( ! adju/m5ts s tak5 into acc\nt4 7,b7 ,alt]native proc$ure to fil+ am5d$ returns ,su* proc$ures %all provide t1 ) respect to any p>tn] ref]r$ to 9 subp>agraph 7,a71 ! requirem5ts ( subp>agraph 7,a7 %all be treat$ z satisfi$ ) respect to adju/m5ts prop]ly allocable to su* p>tn] if1 9 lieu ( fil+ ! returns describ$ 9 su* subp>agraph-- 7i7 ! am\nts describ$ 9 subp>agraph 7,a77iii7 are paid by ! p>tn]1 7ii7 ! adju/m5ts to ! tax attributes ( su* p>tn] ref]r$ to 9 subp>agraph 7,a77ii7 are b9d+ ) respect to all subsequ5t taxable ye>s ( ! p>tn]1 & 7iii7 su* p>tn] provides1 9 ! =m & mann] specifi$ by ! ,secret>y 7includ+1 if ! ,secret>y s specifies1 9 ! same =m z on an am5d$ return71 su* in=mation z ! ,secret>y may require to c>ry out ?is subp>agraph4 7,c7 ,reallocation ( di/ributive %>e ,9 ! case ( any adju/m5t :i* reallocates ! di/ributive %>e ( any item f "o p>tn] to ano!r1 ?is p>agraph %all apply ) respect to any su* p>tn] only if ! requirem5ts ( subp>agraph 7,a7 or 7,b7 are satisfi$ ) respect to all p>tn]s affect$ by su* adju/m5t4 7,d7 ,application ( /atute ( limitations ,sections #feja & #feaa %all n apply ) respect to any return fil$ = purposes ( subp>agraph 7,a77i7 or any am\nt paid "u subp>agraph 7,a77iii7 or 7,b77i71 b only ) respect to adju/m5ts ref]r$ to 9 subp>agraph 7,a77ii74 7,e7 ,application to ti]$ p>tn]%ips ,9 ! case ( any p>tn]%ip any p>tn] ( :i* is a p>tn]%ip1 except z o!rwise provid$ by ! ,secret>y1 subp>agraph 7,b7 %all apply ) respect to any p>tn] 9 ! *a9 ( own]%ip ( su* p>tn]%ips4 ,= purposes ( apply+ ! prec$+ s5t5ce1 an ,s corporation & its %>ehold]s %all be treat$ 9 ! same mann] z a p>tn]%ip & its p>tn]s4 4 7b7 ,con=m+ am5dm5t ,section #fbja7;a77#a7 is am5d$ by ins]t+ 7or paym5ts "u section #fbbe7;c77#b77;,b77i77 aft] returns or li/s4 #bjd4 ,treatm5t ( pas/hr\gh p>tn]s 9 ti]$ /ructures 7a7 ,9 g5]al ,section #fbbf7;b7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#d7 ,treatm5t ( p>tn]%ips 9 ti]$ /ructures 7,a7 ,9 g5]al ,if a p>tn] :i* receives a /atem5t "u subsection 7a77#b7 is a p>tn]%ip or an ,s corporation1 su* p>tn] %all1 ) respect to ! p>tn]'s %>e ( ! adju/m5t-- 7i7 file ) ! ,secret>y a p>tn]%ip adju/m5t track+ report :i* includes su* in=mation z ! ,secret>y may require1 & 7ii7 ei!r-- 7,i7 pay ! imput$ und]paym5t "u rules simil> to ! rules ( section #fbbe 7o!r ?an p>agraphs 7#b77;,a71 7#f71 7#g71 & 7#i7 ( subsection 7c7 !re(71 or 7,,ii7 furni% /atem5ts "u rules simil> to ! rules ( subsection 7a77#b74 7,b7 ,due date ,= purposes ( subp>agraph 7,a71 ) respect to a p>tn]'s %>e ( ! adju/m5t1 ! p>tn]%ip adju/m5t track+ report %all be fil$1 & ! imput$ und]paym5t %all be paid or /atem5ts %all be furni%$1 n lat] ?an ! due date = ! return = ! taxable ye> ( ! audit$ p>tn]%ip :i* includes ! date ! f9al det]m9ation 0 made ) respect to su* p>tn]%ip4 7,c7 ,p>tn]%ip paym5t ( tax n p]mitt$ if elect$ out ( sub*apt] ,9 ! case ( a p>tn]%ip :i* has elect$ ! application ( section #fbba7;b7 ) respect to ! taxable ye> ( ! p>tn]%ip :i* includes ! end ( ! review$ ye> ( ! audit$ p>tn]%ip1 ?is p>agraph %all apply not)/&+ su* election1 except t subp>agraph 7,a7 %all be appli$ )\t reg>d to clause 7ii77,i7 !re(4 7,d7 ,audit$ p>tn]%ip ,= purposes ( ?is p>agraph1 ! t]m audit$ p>tn]%ip means1 ) respect to any p>tn] describ$ 9 subp>agraph 7,a71 ! p>tn]%ip 9 ! *a9 ( own]%ip orig9ally elect+ ! application ( ?is section4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #fbbf7;b77#a7 is am5d$ by /rik+ ,ea* p>tn]'s & ins]t+ ,except z provid$ 9 p>agraph 7#d71 ea* p>tn]'s4 7#b7 ,section #fbbf7;c77#b7 is am5d$ by ins]t+ or :i* is describ$ 9 subsection 7b77#d77;,a77ii77,i71 aft] is elect$14 #bje4 ,treatm5t ( failure ( p>tn]%ip ,to pay imput$ und]paym5t ,section #fbcb is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,failure ,to pay imput$ und]paym5t 7#a7 ,9 g5]al ,if any am\nt ( any imput$ und]paym5t to :i* section #fbbe applies or :i* is describ$ 9 section #fbbf7;b77#d77;,a77ii77,i7 7or any int]e/ or p5alties ) respect to any su* am\nt7 has n be5 paid by ! date :i* is #aj days aft] ! date on :i* ! ,secret>y provides notice & dem& = su* paym5t-- 7,a7 section #ffba7;a77#b77;,b7 %all be appli$ by sub/itut+ #e p]c5tage po9ts = #c p]c5tage po9ts ) respect to su* am\nt1 & 7,b7 ! ,secret>y may assess ^u ea* p>tn] ( ! p>tn]%ip 7det]m9$ z ( ! close ( ! adju/m5t ye>7 a tax equal to su* p>tn]'s proportionate %>e ( su* am\nt 7includ+ any su* int]e/ or p5alties1 det]m9$ aft] application ( subp>agraph 7,a774 7#b7 ,proportionate %>e ,= purposes ( p>agraph 7#a71 a p>tn]'s proportionate %>e is su* p]c5tage z ! ,secret>y may det]m9e on ! basis ( su* p>tn]'s di/ributive %>e ( items "u section #gjb4 ,! ,secret>y %all make det]m9ations "u ! prec$+ s5t5ce su* t ! aggregate proportionate %>es s det]m9$ total #ajj p]c5t4 7#c7 ,coord9ation ) p>tn]%ip liability ,! liability ( ! p>tn]%ip = any am\nt ) respect to :i* a p>tn] is made liable "u p>agraph 7#a7 %all be r$uc$ ^u paym5t by ! p>tn] ( su* am\nt4 ,p>agraph 7#a77;,b7 %all n apply ) respect to any am\nt aft] ! date on :i* su* am\nt is paid by ! p>tn]%ip4 7#d7 ,s corporations ,= purposes ( ?is subsection1 an ,s corporation & its %>ehold]s %all be treat$ 9 ! same mann] z a p>tn]%ip & its p>tn]s4 7#e7 ,rules relat$ to assessm5t & collection 7,a7 ,defici5cy proc$ures n applicable ,sub*apt] ,b %all n apply to any assessm5t or collection "u ?is p>agraph4 7,b7 ,limitation on assessm5t ,except z o!rwise provid$ 9 ?is *apt]1 no assessm5t may be made ) respect to any p>tn] ) respect to an am\nt "u p>agraph 7#a7 7& no levy or proce$+ 9 any c\rt = ! collection ( su* am\nt may beg97 aft] ! date :i* is #b ye>s aft] ! date on :i* ! ,secret>y provides notice & dem& to ! p>tn]%ip ) respect to su* am\nt4 4 #bjf4 ,o!r te*nical corrections relat$ to p>tn]%ip audit rules 7a7 ,limitation on am5dm5t ( /atem5ts furni%$ to p>tn]s n applicable to p>tn]%ips elect+ out ( p>tn]%ip audit rules ,section #fjca7;b7 is am5d$ by /rik+ ! la/ s5t5ce & ins]t+ ! foll[+3 ,in=mation requir$ to be furni%$ by ! p>tn]%ip "u ?is subsection may n be am5d$ aft] ! due date ( ! return "u subsection 7a7 to :i* su* in=mation relates1 except-- 7#a7 9 ! case ( a p>tn]%ip :i* has elect$ ! application ( section #fbba7;b7 = ! taxable ye>1 7#b7 z provid$ 9 ! proc$ures "u section #fbbe7;c71 7#c7 ) respect to /atem5ts "u section #fbbf1 or 7#d7 z o!rwise provid$ by ! ,secret>y4 4 7b7 ,adm9i/rative adju/m5t reque/ & p>tn]%ip adju/m5t track+ report n treat$ z am5d$ return = purposes ( modification ( imput$ und]paym5ts ,section #fbbe7;c77#b71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,f7 ,adju/m5ts n treat$ z am5d$ return ,an adm9i/rative adju/m5t reque/ "u section #fbbg & a p>tn]%ip adju/m5t track+ report "u section #fbbf7;b77#d77;,a7 %all n be treat$ z a return = purposes ( ?is p>agraph4 4 7c7 ,cl>ification ( f9al det]m9ation ) respect to p>tn]%ip adju/m5t 7#a7 ,9 g5]al ,section #fbbf7;a77#b7 is am5d$ by /rik+ 9 ! notice ( f9al p>tn]%ip adju/m5t & ins]t+ by ref]5ce to ! f9al det]m9ation ) respect to su* adju/m5t4 7#b7 ,f9al det]m9ation ,section #fbbe7;d7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#c7 ,f9al det]m9ation ,! f9al det]m9ation is made ) respect to an adju/m5t on ! date on :i*-- 7,a7 9 ! case ( an adju/m5t pursuant to ! decision ( a c\rt 9 a proce$+ br\ght "u section #fbcd1 su* decision becomes f9al1 7,b7 9 ! case ( an adm9i/rative adju/m5t reque/ "u section #fbbg1 su* adm9i/rative adju/m5t reque/ is fil$1 or 7,c7 9 any o!r case1 #ij days aft] ! date on :i* ! notice ( ! f9al p>tn]%ip adju/m5t is mail$ "u section #fbca4 4 7#c7 ,con=m+ am5dm5ts 7,a7 ,section #fbbe7;d77#b7 is am5d$ by /rik+ 9 :i*-- & all t foll[s & ins]t+ 9 :i* ! f9al det]m9ation is made ) respect to ! adju/m5t44 7,b7 ,section #fbbg7;b7 is am5d$ by /rik+ is made bo? places x appe>s & ins]t+ is fil$4 7d7 ,cl>ification ( assessm5t au?ority ,section #fbbf7;a7 is am5d$ by ins]t+ 7& no assessm5t ( tax1 levy1 or proce$+ 9 any c\rt = ! collection ( su* und]paym5t %all be made aga9/ su* p>tn]%ip7 aft] section #fbbe %all n apply ) respect to su* und]paym5t4 7e7 ,treatm5t ( p>tn]%ip adju/m5ts t result 9 decrease 9 tax 9 case ( election ,to pu% out adju/m5ts ,section #fbbf7;b7 is am5d$-- 7#a7 by /rik+ increas$ 9 p>agraph 7#a7 & ins]t+ adju/$1 7#b7 by /rik+ adju/m5t am\nts ea* place x appe>s 9 p>agraphs 7#a7 & 7#b7 & ins]t+ correction am\nts1 7#c7 by /rik+ increase ea* place x appe>s 9 subp>agraphs 7,a7 & 7,b7 ( p>agraph 7#b7 & ins]t+ increase or decrease1 7#d7 by /rik+ plus at ! end ( p>agraph 7#b77;,a7 & ins]t+ &1 & 7#e7 by /rik+ ,adju/m5t am\nts 9 ! head+ ( p>agraph 7#b7 & ins]t+ ,correction am\nts4 7f7 ,"t limitation = notice ( propos$ adju/m5t 7#a7 ,9 g5]al ,section #fbca is am5d$ by r$esignat+ subsections 7b7 & 7c7 z subsections 7c7 & 7d71 respectively1 & by ins]t+ aft] subsection 7a7 ! foll[+ new subsection3 7b7 ,tim+ ( notices 7#a7 ,notice ( propos$ p>tn]%ip adju/m5t ,any notice ( a propos$ p>tn]%ip adju/m5t %all n be mail$ lat] ?an ! date det]m9$ "u section #fbce 7det]m9$ )\t reg>d to p>agraphs 7#b7 & 7#c7 ( subsection 7a7 !re(74 7#b7 ,notice ( f9al p>tn]%ip adju/m5t 7,a7 ,9 g5]al ,except to ! ext5t t ! p>tn]%ip elects to waive ! application ( ?is subp>agraph1 any notice ( a f9al p>tn]%ip adju/m5t %all n be mail$ e>li] ?an #bgj days aft] ! date on :i* ! notice ( ! propos$ p>tn]%ip adju/m5t is mail$4 7,b7 ,/atute ( limitations on adju/m5t ,= ! p]iod ( limitations on mak+ adju/m5ts1 see section #fbce4 4 7#b7 ,con=m+ am5dm5t ,section #fbca7;a7 is am5d$ by /rik+ ,any notice ( a f9al p>tn]%ip adju/m5t & all t foll[s ?r\gh ,su* notices & ins]t+ ,any notice ( a f9al p>tn]%ip adju/m5t4 7g7 ,deposit ,to susp5d int]e/ on imput$ und]paym5t ,section #fbcc is am5d$ by add+ at ! end ! foll[+ new subsection3 7c7 ,deposit ,to susp5d int]e/ ,= rules all[+ deposits to susp5d runn+ ( int]e/ on pot5tial und]paym5ts1 see section #ffjc4 4 7h7 ,treatm5t ( special en=cem5t matt]s ,section #fbda1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#aj7 ,treatm5t ( special en=cem5t matt]s 7,a7 ,9 g5]al ,9 ! case ( p>tn]%ip-relat$ items :i* involve special en=cem5t matt]s1 ! ,secret>y may prescribe regulations pursuant to :i*-- 7i7 ?is sub*apt] 7or any portion !re(7 does n apply to su* items1 & 7ii7 su* items are subject to su* special rules 7includ+ rules relat$ to assessm5t & collection7 z ! ,secret>y det]m9es to be necess>y = ! effective & effici5t en=cem5t ( ?is title4 7,b7 ,special en=cem5t matt]s ,= purposes ( subp>agraph 7,a71 ! t]m special en=cem5t matt]s means-- 7i7 failure to comply ) ! requirem5ts ( section #fbbf7;b77#d77;,a77ii71 7ii7 assessm5ts "u section #fhea 7relat+ to t]m9ation assessm5ts ( income tax7 or section #fhfa 7relat+ to jeop>dy assessm5ts ( income1 e/ate1 gift1 & c]ta9 excise taxes71 7iii7 crim9al inve/igations1 7iv7 indirect me?ods ( pro( ( income1 7v7 =eign p>tn]%ips1 & 7vi7 o!r matt]s t ! ,secret>y det]m9es by regulation pres5t special en=cem5t consid]ations4 4 7i7 ,p5alties relat$ to adm9i/rative adju/m5t reque/s & p>tn]%ip adju/m5t track+ reports 7#a7 ,failure to pay ,section #ffea is am5d$ by r$esignat+ subsection 7i7 z subsection 7j7 & by ins]t+ aft] subsection 7h7 ! foll[+ new subsection3 7i7 ,application to imput$ und]paym5t ,= purposes ( ?is section1 any failure to comply ) section #fbbf7;b77#d77;,a77ii7 %all be treat$ z a failure to pay ! am\nt describ$ 9 subclause 7,i7 !re( & su* am\nt %all be treat$ = purposes ( ?is section z an am\nt %[n z tax on a return specifi$ 9 subsection 7a77#a74 4 7#b7 ,failure to file p>tn]%ip adju/m5t track+ report ,section #ffih7;a7 is am5d$-- 7,a7 9 ! matt] prec$+ p>agraph 7#a7 by ins]t+ 1 or a p>tn]%ip adju/m5t track+ report "u section #fbbf7;b77#d77;,a71 aft] "u section #fjca1 7,b7 9 p>agraph 7#a7 by ins]t+ 1 or su* report1 aft] su* return1 & 7,c7 9 p>agraph 7#b7-- 7i7 by ins]t+ or a report aft] a return1 & 7ii7 by ins]t+ or #fbbf7;b77#d77;,a71 respectively be=e ! comma at ! end4 7#c7 ,tax return prep>] relat$ p5alties ,section #ffif7;e77#a7 is am5d$ by ins]t+ 1 any adm9i/rative adju/m5t reque/ "u section #fbbg1 & any p>tn]%ip adju/m5t track+ report "u section #fbbf7;b77#d77;,a7 be=e ! p]iod at ! end4 7#d7 ,frivol\s tax submissions ,section #fgjb is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,p>tn]%ip adju/m5ts ,an adm9i/rative adju/m5t reque/ "u section #fbbg & a p>tn]%ip adju/m5t track+ report "u section #fbbf7;b77#d77;,a7 %all be treat$ z a return = purposes ( ?is section4 4 7j7 ,adju/$ ,s*$ule ,k-#a treat$ z payee /atem5t ,section #fgbd7;d77#b7 is am5d$ by /rik+ or at ! end ( subp>agraph 7,,hh71 by /rik+ ! p]iod at ! end ( subp>agraph 7,,ii7 & ins]t+ 1 or1 & by ins]t+ aft] subp>agraph 7,,ii7 ! foll[+ new subp>agraph3 7,,jj7 section #fbbf7;a77#b7 7relat+ to /atem5ts relat+ to alt]native to paym5t ( imput$ und]paym5t by p>tn]%ip7 or "u any o!r provision ( ?is title :i* provides = ! application ( rules simil> to su* section4 4 7k7 ,cl]ical corrections 7#a7 ,section #fbcb7;d77#a77;,a7 is am5d$ by /rik+ a item & ins]t+ an item4 7#b7 ,section #fbcb7;e7 is am5d$ by /rik+ !re(4 7#c7 ,section #fbce7;a7 is am5d$ by /rik+ subp>t & ins]t+ sub*apt]4 7#d7 ,section #fbce7;a77#c7 is am5d$ by /rik+ section #fbbe7;c77#g7 & ins]t+ section #fbbe7;c77#g774 7#e7 ,section #fbda7e7 is am5d$ by /rik+ sections #fbcd & ins]t+ section #fbcd4 7#f7 ,! head+ ( ! fir/ "p ( sub*apt] ,c ( *apt] #fc is am5d$ to read z foll[s3 ,i ,9 g5]al 4 7#g7 ,! head+ ( ! second "p ( sub*apt] ,c ( *apt] #fc is am5d$ to read z foll[s3 ,,ii ,p>tn]%ip adju/m5ts 4 7#h7 ,! head+ ( ! ?ird "p ( sub*apt] ,c ( *apt] #fc is am5d$ to read z foll[s3 ,,iii ,proc$ure 4 7#i7 ,! head+ ( ! f\r? "p ( sub*apt] ,c ( *apt] #fc is am5d$ to read z foll[s3 ,,iv ,def9itions & special rules 4 #bjg4 ,effective date ,! am5dm5ts made by ?is title %all take effect z if includ$ 9 section #aaja ( ! ,bip>tisan ,budget ,act ( #bjae4 ,,iii ,o!r corrections #cja4 ,am5dm5ts relat+ to ! ,bip>tisan ,budget ,act ( #bjae 7a7 ,am5dm5ts relat+ to section #aaja 7#a7 ,section #fjaa7;e7 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,special rules = p>tn]%ips 7,a7 ,p>tn]%ips p]mitt$ to be requir$ to file on magnetic m$ia ,9 ! case ( a p>tn]%ip1 p>agraph 7#b77;,a7 %all be appli$ by sub/itut+ = #bej ! foll[+ am\nt3 7i7 ,9 ! case ( returns & /atem5ts relat+ to cal5d> ye> #bjah1 #bjj4 7ii7 ,9 ! case ( returns & /atem5ts relat+ to cal5d> ye> #bjai1 #aej4 7iii7 ,9 ! case ( returns & /atem5ts relat+ to cal5d> ye> #bjbj1 #ajj4 7iv7 ,9 ! case ( returns & /atem5ts relat+ to cal5d> ye> #bjba1 #ej4 7v7 ,9 ! case ( returns & /atem5ts relat+ to cal5d> ye>s aft] #bjba1 #bj4 7,b7 ,p>tn]%ips requir$ to file on magnetic m$ia ,not)/&+ subp>agraph 7,a7 & p>agraph 7#b77;,a71 ! ,secret>y %all require p>tn]%ips hav+ m ?an #ajj p>tn]s to file returns on magnetic m$ia4 4 7#b7 ,section #fjaa7;e77#b7 is am5d$ by /rik+ ! la/ s5t5ce4 7b7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 section #aaja ( ! ,bip>tisan ,budget ,act ( #bjae4 #cjb4 ,am5dm5ts relat+ to ! ,en]gy ,policy ,act ( #bjje 7a7 ,am5dm5ts relat+ to section #abec 7#a7 ,subclause 7,,ii7 ( section #afh7;e77#c77;,b77vi7 is am5d$ by /rik+ is a qualify+ small p[] production facility & all t foll[s & ins]t+ has a p[] production capacity ( n great] ?an #hj megawatts1 or4 7#b7 ,! la/ s5t5ce ( section #afh7;e77#c77;,b7 is am5d$ by /rik+ clause 7vi77,i7 & all t foll[s & ins]t+ subclause 7,i7 or 7,,ii7 ( clause 7vi7 by reason ( be+ public utility prop]ty44 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ! date ( ! enactm5t ( ?is ,act4 ,,iv ,cl]ical corrections & deadwood #dja4 ,cl]ical corrections & deadwood-relat$ provisions 7a7 ,cl]ical corrections 7#a7 ,! table ( sub*apt]s = *apt] #a is am5d$ by mov+ ! item relat+ to sub*apt] ,r be=e ! item relat+ to sub*apt] ,s4 7#b7 7,a7 ,sections #bb7;c77#c77;,a77i77,,iii71 #ajd7;b77#b77;,d71 #adj7;a77#c71 & #adi7;b77#c77;,a77i7 are ea* am5d$ by /rik+ ,vet]ans' ,adm9i/ration & ins]t+ ,dep>tm5t ( ,vet]ans ,affairs4 7,b7 ,! head+ ( section #dihj;,h7c77#b77;,f7 is am5d$ by /rik+ ,vet]ans ,adm9i/ration & ins]t+ ,dep>tm5t ( ,vet]ans ,affairs4 7,c7 ,section #fjej;,h7h77#c77;,b77i7 is am5d$ by /rik+ ,vet]ans ,adm9i/ration & ins]t+ ,dep>tm5t ( ,vet]ans ,affairs4 7#c7 ,section #bd7;d7 is am5d$ by r$esignat+ p>agraph 7#e7 z p>agraph 7#c74 7#d7 ,section #be;,c7b77#b7 is am5d$ by /rik+ subsection 7c77#b77;,b7 & ins]t+ subsection 7c77#c77;,b74 7#e7 ,section #be;,c7d77#c7 is am5d$-- 7,a7 by /rik+ ! p]iod at ! end ( subp>agraph 7,b7 & ins]t+ a comma1 & 7,b7 by /rik+ ! p]iod at ! end ( subp>agraph 7,d7 & ins]t+ 1 &4 7#f7 ,section #be;,c7g77#b7 is am5d$ by /rik+ #bjaf44 & ins]t+ #bjaf44 7#g7 ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$-- 7,a7 by /rik+ ! item relat+ to section #da :i* relates to ! employee /ock own]%ip cr$it1 & 7,b7 by mov+ ! item relat+ to section #de,k aft] ! item relat+ to section #de;,j4 7#h7 ,section #ch7;b77#cd7 is am5d$ by add+ a comma at ! end4 7#i7 ,! head+ ( section #dj7;g77#b7 is am5d$ by /rik+ ,aggregration & ins]t+ ,aggregation4 7#aj7 ,! head+ ( section #db7;e77#b77;,b7 is am5d$ by /rik+ etc1 & ins]t+ etc414 7#aa7 7,a7 ,section #db7;d77#d77;,c77i7 is am5d$ by /rik+ z def9$ 9 p>agraph 7#e77;,c7 & ins]t+ z def9$ 9 p>agraph 7#e77;,b77ii74 7,b7 ,section #db7;f77#e77;,b77ii77,i7 is am5d$ by /rik+ 7d77#f77;,c7 & ins]t+ 7d77#f77;,b74 7,c7 ,section #db7k77#b77;,b7 is am5d$-- 7i7 by /rik+ 7d77#f77;,b7 & ins]t+ 7d77#f77;,c71 & 7ii7 by /rik+ build+44 9 clause 7ii7 & ins]t+ build+44 7,d7 ,section #db7m77#a77;,b77ii77,,iii7 is am5d$ by /rik+ z def9$ 9 subsection 7d77#e77;,c7 & ins]t+ z def9$ 9 subsection 7d77#e77;,b77ii74 7#ab7 ,section #db7;h77#e77;,c77ii7 is am5d$ by /rik+ 2 & & ins]t+ 1 &4 7#ac7 ,section #db7;i77#c77;,d77ii77,i7 is am5d$ by /rik+ ! p]iod at ! end4 7#ad7 ,section #de7;c77#f7 is am5d$ by /rik+ section #b7bg7 & ins]t+ section #ajjd7bg74 7#ae7 ,section #de7;c77#g77;,a77i77,,ii7 is am5d$ by /rik+ = purpose & ins]t+ = ! purpose4 7#af7 ,section #de7;c77#g77;,a77i77,,iii7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ 1 or4 7#ag7 ,section #de;,c7b77#b77;,a77ii77,,ii7 is am5d$ by /rik+ 2 & & ins]t+ 1 &4 7#ah7 ,section #de;,d7f77#a77;,f7 is am5d$ by add+ 1 & at ! end4 7#ai7 ,section #de;,h7d7 is am5d$ by /rik+ purposes ?is & ins]t+ purposes ( ?is4 7#bj7 ,section #dh7;a77#a7 is am5d$ by /rik+ 7#c77;,b71 & 7#d77;,b7 & ins]t+ & 7#c77;,b74 7#ba7 ,section #dh7;a77#f77;,b7 is am5d$ by /rik+ prop]ty en]gy prop]ty & ins]t+ en]gy prop]ty4 7#bb7 ,section #dh7;c77#b77;,b7 is am5d$ by /rik+ equal #bjj & ins]t+ equal to #bjj4 7#bc7 ,section #dh7;d77#c7 is am5d$-- 7,a7 by /rik+ %all 9 ! matt] t prec$es subp>agraph 7,a71 & 7,b7 by ins]t+ %all be=e n 9 subp>agraph 7,a74 7#bd7 ,section #di7;a77#a77;,d77iii7 is am5d$ by /rik+ %>e-hold] 9 ! la/ s5t5ce & ins]t+ %>ehold]4 7#be7 ,section #ej7;b77#b77;,a7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ a semicolon4 7#bf7 ,section #ea7;c77#d7 is am5d$ by add+ a p]iod at ! end4 7#bg7 ,section #ea7;d77#c77;,a77ii77,,ii7 is am5d$ by add+ a comma at ! end4 7#bh7 ,section #ea7;d77#h7 is am5d$ by /rik+ food /amp recipi5t 9 ! head+ !re( & ins]t+ supplem5tal nutrition assi/ance program b5efits recipi5t4 7#bi7 ,section #ea7;i77#a77;,a7 is am5d$ by /rik+ entity1 & ins]t+ entity4 7#cj7 ,! item relat+ to section #ed;,c 9 ! table ( sections = subp>t ,i ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #ed;,c4 ,new clean r5ewable en]gy bonds4 4 7#ca7 ,section #eh7;a77#b77;,a7 is am5d$ by /rik+ #dfa7;j7 & ins]t+ #dfa7k74 7#cb7 ,section #fb7;a77#bj7 is am5d$ by ins]t+ a comma aft] ,unit$ ,/ates ,code4 7#cc7 ,section #fb7;e77#a7 is am5d$ by /rik+ 7#b ,u4,s4,c4 #abjb7 & ins]t+ 7#db ,u4,s4,c4 #bjjj;e-#af;b74 7#cd7 ,section #fh7;b77#b7 is am5d$ by /rik+ %all be %all be & ins]t+ %all be4 7#ce7 ,! head+ ( section #hb is am5d$ by /rik+ = exp5ses ( mov+ & ins]t+ ( mov+ exp5ses4 7#cf7 ,! head+ ( section #hd is am5d$ by /rik+ political organization & ins]t+ political organizations4 7#cg7 ,section #aje7;h77#g77;,b7 is am5d$ by /rik+ subp>agraph 7,a7 & ins]t+ subp>agraph 7,a774 7#ch7 ,section #abe7;e77#b7 is am5d$ by /rik+ subp>agraphs & ins]t+ subp>agraph4 7#ci7 ,section #acb7;c77#d7 is am5d$ by /rik+ pe=m+ & ins]t+ p]=m+4 7#dj7 ,section #acd7;b77#f7 is am5d$ by /rik+ an combat & ins]t+ a combat4 7#da7 ,section #aci7;c77#b7 is am5d$ by /rik+ f$]ally & ins]t+ a f$]ally4 7#db7 ,section #aci;,e7c77#a7 is am5d$ by /rik+ 7#dc ,u4,s4,c4 #afja1 et seq47 & ins]t+ 7#dc ,u4,s4,c4 #afja et seq474 7#dc7 ,section #aci;,e7c77#c7 is am5d$ by /rik+ #bjac & ins]t+ #bjad4 7#dd7 ,! item relat+ to section #adc 9 ! table ( sections = subp>t ,a ( "p ,,iv ( sub*apt] ,b ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #adc4 ,mortgage rev5ue bonds2 qualifi$ mortgage bond & qualifi$ vet]ans' mortgage bond4 4 7#de7 ,section #ada7;e77#b7 is am5d$ by /rik+ 1 & & ins]t+ a p]iod4 7#df7 ,section #adb7;d77#b77;,c7 is am5d$ by ins]t+ section be=e #db7;i77#c77;,d74 7#dg7 ,section #adh7;f77#d77;,c77xiv7 is am5d$ by /rik+ subp>graph & ins]t+ subp>agraph4 7#dh7 ,section #afc7;e77#e77;,c77ii7 is am5d$ by ins]t+ 9 be=e subsection 7i77#a77;,b74 7#di7 ,section #afh7;d77#c77;,b77i7 is am5d$ by ins]t+ a comma aft] real prop]ty4 7#ej7 ,section #afh7;e77#c77;,c77i7 is am5d$ by /rik+ &4 7#ea7 ,section #afi7;d77#e77;,b7 is am5d$ by ins]t+ a be=e facility4 7#eb7 ,section #agj7;b77#a77;,a77ix7 is am5d$ by ins]t+ ,national be=e ,agricultural4 7#ec7 ,section #agb7;d77#e7 is am5d$ by /rik+ section #bdc & ins]t+ sections #bdc4 7#ed7 ,section #agi;,d7d77#a77;,b7 is am5d$ by /rik+ :i* & ins]t+ su* t4 7#ee7 ,section #aii is am5d$ by /rik+ s mu* ( subsection 7a7 z prec$es ,!re %all be all[$ & ins]t+ 7a7 ,all[ance ( d$uction4--4 7#ef7 ,section #bai7;f77#a7 is am5d$ by /rik+ t]m comp5sation includes 9 ! la/ s5t5ce & ins]t+ t]m comp5sation includes4 7#eg7 ,section #bai7;g77#h7 is am5d$ by /rik+ %all ea* be & ins]t+ %all be4 7#eh7 ,section #bbc7;d77#b77;,a7 is am5d$ by /rik+ section #bac7;d7 & ins]t+ section #bac7;d774 7#ei7 ,! item relat+ to section #bhj;,h 9 ! table ( sections = "p ,,ix ( sub*apt] ,b ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #bhj;,h4 ,limitation on c]ta9 am\nts paid to employee-own]s by p]sonal s]vice corporations elect+ alt]native taxable ye>s4 4 7#fj7 ,subp>agraphs 7,f7 & 7,g7 ( section #bfc7;a77#a7 are ea* am5d$ by /rik+ ! semicolon at ! end & ins]t+ a comma4 7#fa7 ,section #bfc7;a77#a7 is am5d$ by r$esignat+ subp>agraphs 7,i7 ?r\gh 7,l7 z subp>agraphs 7,h7 ?r\gh 7,k71 respectively4 7#fb7 ,section #bhj;,c7a7 is am5d$ by /rik+ & #acif7;a71 & ins]t+ #acif7;a714 7#fc7 ,section #bhj;,f7d77#d77;,a77iv7 is am5d$ by /rik+ & at ! end & ins]t+ &4 7#fd7 ,! head+ ( section #cca is am5d$ by /rik+ %>ehold]s & ins]t+ %>ehold]4 7#fe7 ,section #cch7;h77#c77;,a77iii7 is am5d$ by /rik+ p>ag>aph & ins]t+ p>agraph4 7#ff7 ,! second s5t5ce ( section #cee7;h77#b77;,b7 is am5d$ by /rik+ ( assets4 7#fg7 ,! head+ ( subp>t ,c ( "p ,,iii ( sub*apt] ,c ( *apt] #a is am5d$ by /rik+ corporation & ins]t+ corporations4 7#fh7 ,section #cfb7;a7 is am5d$ by /rik+ ! comma aft] acquir$4 7#fi7 ,section #cfh7;a77#b77;,f77vii7 is am5d$ by /rik+ 7#ae ,u4,s4,c4 #hj;a-#b7cf77 & ins]t+ 7#ae ,u4,s4,c4 #hj;a-#b7;a77#cf774 7#gj7 ,section #dja7;a77#b7 is am5d$ by /rik+ det]m9ation742 & ins]t+ det]m9ation7724 7#ga7 ,section #dja7;a77#ae7 is am5d$ by /rik+ a tru/ & ins]t+ ,a tru/4 7#gb7 ,section #dja7;a77#cb77;,a7 is am5d$ by /rik+ section section bo? places x appe>s & ins]t+ section4 7#gc7 ,section #dja7;c77#b77;,a77iii7 is am5d$ by /rik+ sections #caba7;d77#c77;,a71 7,c71 or 7,d71 )\t reg>d to p>agraph 7#b7 ( section #adjb7;c7 & ins]t+ subp>agraph 7,a71 7,c71 or 7,d7 ( section #caba7;d77#c71 )\t reg>d to section #adjb7;c77#b74 7#gd7 ,section #djb7;i7 is am5d$ by /rik+ subp>agraph 7,a7 ( subsection 7d77#d7 & ins]t+ subsection 7e77#d77;,d77i74 7#ge7 ,section #djd;,a7c77#d77;,b7 is am5d$ by /rik+ & at ! end4 7#gf7 ,section #djh7;a77#a7 is am5d$ by ins]t+ or aft] subsection 7d77#c74 7#gg7 ,section #djh7m77#c77;,b7 is am5d$ by /rik+ section #g & ins]t+ section #e4 7#gh7 ,section #djh;,a7d77#c77;,b7 is am5d$ by add+ a p]iod at ! end4 7#gi7 ,section #djh;,a7e77#b77;,b7 is am5d$ by /rik+ ! subp>agraph 7,a7 & ins]t+ subp>agraph 7,a74 7#hj7 ,section #dji7n77#a77;,a77i7 is am5d$ by /rik+ securities111 & ins]t+ securities14 7#ha7 ,section #dji;,a7b77#c77;,b77i7 is am5d$ by /rik+ ! semicolon at ! end & ins]t+ a comma4 7#hb7 ,! item relat+ to section #dac 9 ! table ( sections = subp>t ,b ( "p ,i ( sub*apt] ,d ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #dac4 ,collectively b>ga9$ plans1 etc4 4 7#hc7 ,section #daa7;a77#d77;,a7 is am5d$ by /rik+ ! comma at ! end & ins]t+ a semicolon4 7#hd7 ,section #daa7;b77#e77;,b77iv7 is am5d$ by /rik+ simil> am\nt & ins]t+ simil> acc\nt4 7#he7 ,section #dab7;c77#a77;,a7 is am5d$ by add+ a p]iod at ! end4 7#hf7 ,section #dab7;c77#d77;,b7 is am5d$ by ins]t+ section be=e #dcc7;d74 7#hg7 ,section #dab7;c77#g77;,b77iii7 is am5d$ by /rik+ ! comma aft] sub*apt] ,d4 7#hh7 ,section #dad7l77#b77;,g7 is am5d$ by /rik+ banks 9 ! head+ !re( & ins]t+ depository in/itutions4 7#hi7 ,section #dad7u77#f7 is am5d$ by /rik+ section #djc7;b7 & ins]t+ section #djc7;b774 7#ij7 ,section #dad7x77#a7 is am5d$ by /rik+ are & ins]t+ is4 7#ia7 ,section #dad7y77#a77;,c77i7 is am5d$ by /rik+ ( su* ,code4 7#ib7 ,section #dad7y77#b7 is am5d$ by /rik+ subp>agraph & ins]t+ subp>agraphs4 7#ic7 ,section #dah;,e is am5d$ by /rik+ subsection #dcb7;b77#b7 ea* place x appe>s & ins]t+ section #dcb7;b77#b74 7#id7 ,section #dah;,e7d77#a71 z am5d$ by ! prec$+ p>agraph1 is am5d$-- 7,a7 by /rik+ section #dcb7;b77#b711 & ins]t+ section #dcb7;b77#b711 & 7,b7 by /rik+ section #dcb7;b77#b717 & ins]t+ section #dcb7;b77#b774 7#ie7 ,section #dah;,e7e77#a77;,a7 is am5d$ to read z foll[s3 7,a7 notify ! ,secret>y & ! p>ties describ$ 9 section #aja7;f77#a7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd ( t det]m9ation1 & 4 7#if7 ,section #dai;,a7c77#f77;,b7 is am5d$ by /rik+ 7#db ,u4,s4,c4 #cjj;gg-#ia7;d77#c77 & ins]t+ 7#db ,u4,s4,c4 #cjj;gg-#ia7;d77#c7774 7#ig7 ,section #dbj7;c77#a77;,a7 is am5d$ by /rik+ subsection 7e77#a77;,d7 & ins]t+ subsection 7e77#a77;,e74 7#ih7 ,section #dbd7;g7 is am5d$ by /rik+ section #dbb7;a77#b7 & ins]t+ sections #dbb7;a77#b74 7#ii7 ,section #dcj7;c77#g77;,e77v77,,ii7 is am5d$ by ins]t+ ! aft] title ,i (4 7#ajj7 ,section #dcj7;h77#b77;,f7 is am5d$ by /rik+ section #dag7;e77#c77;,d77i7 & ins]t+ section #dag7;e77#c77;,d74 7#aja7 ,section #dca7;d77#b77;,b77i7 is am5d$ by /rik+ ?is ,act & ins]t+ ! ,p5sion ,protection ,act ( #bjjf4 7#ajb7 ,section #dcb7;b77#c77;,a77i7 is am5d$ by /rik+ p>agraph 7#e711 & ins]t+ p>agraph 7#e714 7#ajc7 ,section #dcb7;b77#c77;,b7 is am5d$ by r$esignat+ ! clause 7iv7 relat+ to projections ( critical & decl9+ /atus z clause 7v74 7#ajd7 ,section #dcb7;b77#c77;,d77iv7 is am5d$ by ins]t+ a comma aft] ,labor4 7#aje7 ,section #dcb7;e77#h77;,c77iii7 is am5d$ by /rik+ ! ,secret>y %all & ins]t+ ,! ,secret>y %all4 7#ajf7 ,section #dcb7;g77#a7 is am5d$ by /rik+ subsection 7e77#i77 & ins]t+ subsection 7e77#i74 7#ajg7 ,section #dcc7;c77#e77;,c77ii77,,ii7 is am5d$ by ins]t+ ( su* ,act aft] title ,,iv4 7#ajh7 ,! item relat+ to section #dcf 9 ! table ( sections = subp>t ,b ( "p ,,iii ( sub*apt] ,d ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #dcf4 ,fund+-bas$ limits on b5efits & b5efit accruals "u s+le-employ] plans4 4 7#aji7 ,section #ddg7;h77#b77;,a7 is am5d$ by /rik+ employes & ins]t+ employees4 7#aaj7 ,section #ddg7;i77#e77;,b7 is am5d$ by r$esignat+ clause 7iv7 z clause 7iii74 7#aaa7 ,! head+ ( section #dec;,b is am5d$ by /rik+ loss disposition & ins]t+ loss on disposition4 7#aab7 ,section #deg7;f77#d77;,c77i7 is am5d$-- 7,a7 by /rik+ section #iaja & ins]t+ section #haja1 & 7,b7 by /rik+ #ghja71 & ins]t+ #ghja7714 7#aac7 ,section #deg;,a7d77#d7 is am5d$-- 7,a7 by /rik+ case a =eign & ins]t+ case ( a =eign1 & 7,b7 by /rik+ _h be5 & ins]t+ be54 7#aad7 ,section #deh7;b77#i7 is am5d$ by /rik+ ,repur*as$ 9 ! head+ !re( & ins]t+ ,repur*ase4 7#aae7 ,section #deh7;c77#a7 is am5d$ by /rik+ regulations prescrib$ & ins]t+ regulations prescribe4 7#aaf7 ,section #dfj7;b77#b77;,a7 is am5d$ by ins]t+ a comma aft] fir/4 7#aag7 7,a7 ,section #dfa is am5d$ by r$esignat+ ! second subsection 7j7 7relat+ to f>m+ syndicate def9$7 z subsection 7k74 7,b7 ,section #dfa7;i77#d7 is am5d$ by /rik+ subsection 7j7 & ins]t+ subsection 7k74 7#aah7 ,! head+ ( section #dfd is am5d$ by ins]t+ exp5ses aft] f>m+4 7#aai7 ,section #dfd7;d77#b77;,b77iii7 is am5d$ by /rik+ subsection 7c77#b77;,e7 & ins]t+ section #dfa7k77#b77;,e74 7#abj7 ,section #dgj7;d77#b77;,b7 is am5d$ by /rik+ clause 7ii7 & ins]t+ subp>agraph 7,a77ii74 7#aba7 ,! item relat+ to "p ,,viii 9 ! table ( p>ts = sub*apt] ,f ( *apt] #a is am5d$ to read z foll[s3 ,"p ,,viii4 ,c]ta9 sav+s entities 4 7#abb7 ,section #eja7;c77#ad77;,b77iv7 is am5d$ by add+ a p]iod at ! end4 7#abc7 ,section #eja7;c77#ai77;,b7 is am5d$ by /rik+ wid[s11 & ins]t+ wid[s14 7#abd7 ,section #eja7;f77#c77;,b7 is am5d$ by /rik+ section #aae7;a7 & ins]t+ section #aae4 7#abe7 ,! item relat+ to section #eaa 9 ! table ( sections = "p ,,iii ( sub*apt] ,f ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #eaa4 ,imposition ( tax on unrelat$ bus9ess income ( *>itable1 etc41 organizations4 4 7#abf7 ,section #eab7;b77#ai77;,h77iii7 is am5d$ by /rik+ clause 7i77,,ii7 & ins]t+ clause 7i74 7#abg7 ,section #ebi7;c77#f7 is am5d$ by /rik+ an ,cov]dell & ins]t+ a ,cov]dell4 7#abh7 ,section #ebi7;e77#c77;,a7 is am5d$-- 7,a7 by /rik+ ! semicolon at ! end ( clause 7i7 & ins]t+ a comma1 & 7,b7 by add+ 1 & at ! end ( clause 7ii74 7#abi7 ,section #ebi;,a7d77#d7 is am5d$ by /rik+ ,a*iev+ a ,bett] ,life ,exp]i5ce ,act ( #bjad & ins]t+ ,/eph5 ,beck1 ,jr41 ,,able ,act ( #bjad4 7#acj7 ,section #ebi;,a7e77#d7 is am5d$ by /rik+ subp>agraph section & ins]t+ section4 7#aca7 ,section #ecj7;d77#i77;,b7 is am5d$ by /rik+ by ! & ins]t+ by4 7#acb7 ,section #edb7;c77#e7 is am5d$ by /rik+ ! comma at ! end & ins]t+ a semicolon4 7#acc7 ,section #edb7;c77#g7 is am5d$ by /rik+ ,a small & ins]t+ a small4 7#acd7 ,section #edc7;a77#b77;,b77ii7 is am5d$ by /rik+ section #efc7;d7 & ins]t+ section #efc7;c74 7#ace7 ,section #edc7;d77#e77;,a77ii7 is am5d$ by /rik+ section #efc7;d7 & ins]t+ section #efc7;c74 7#acf7 ,section #fac;,a7c77#g77;,b7 is am5d$ by /rik+ taxpay]s & ins]t+ taxpay]'s4 7#acg7 ,section #fdb7;c77#a7 is am5d$ by /rik+ o!r !n & ins]t+ o!r ?an4 7#ach7 ,! item relat+ to section #ffa 9 ! table ( sections = subp>t ,c ( "p ,i ( sub*apt] ,j ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #ffa4 ,d$uction = e/ates & tru/s accumulat+ income or di/ribut+ corpus4 4 7#aci7 ,section #gjf7;b77#e7 is am5d$ by /rik+ section #ehd7;h7 & ins]t+ section #ehd7;i74 7#adj7 ,section #gea7;c7 is am5d$ by /rik+ &1 sections bo? places x appe>s & ins]t+ & sections4 7#ada7 ,section #hjg7;e77#g77;,a77i7 is am5d$ by /rik+ subp>agraph 7,c7 & ins]t+ subp>agraph 7,b74 7#adb7 ,section #haj7;c77#b77;,b7 is am5d$ by /rik+ corporations71 & ins]t+ corporations74 7#adc7 ,section #haj7;d77#a7 is am5d$ by /rik+ p>agraphs 7#b7 & 7#c7 ( section #hjd7 or & ins]t+ p>agraph 7#b7 ( section #hjd7 =4 7#add7 ,section #haj7;f7 is am5d$ by /rik+ section #hje7;b77#e7 & ins]t+ section #hje7;b77#d74 7#ade7 ,section #hca7;c7 is am5d$ by /rik+ section #haf7;a774 & ins]t+ section #haf7;a744 7#adf7 ,section #hcb7;b77#g77;,e77ii77,,ii7 is am5d$ by /rik+ ! comma at ! end & ins]t+ a p]iod4 7#adg7 ,section #heb7;a77#a77;,b7 is am5d$ by /rik+ #bfe1 & ins]t+ #bfe &4 7#adh7 ,section #heb7;b77#b77;,d7 is am5d$ by /rik+ ! d$uction & ins]t+ ,! d$uction4 7#adi7 ,subp>agraphs 7,a7 & 7,b7 ( section #hef7;c77#g7 are ea* am5d$ by /rik+ p>agraph 7#d77;,b77iii7 & ins]t+ p>agraph 7#d77;,b77iv74 7#aej7 ,p>agraphs 7#a71 7#c71 7#d71 & 7#e7 ( section #hef7m7 are ea* am5d$ by /rik+ subsection 7c77#d77;,b77iii7 & ins]t+ subsection 7c77#d77;,b77iv74 7#aea7 ,section #heg7;b77#f77;,j7 is am5d$ by /rik+ section #hef7;c77#h7 & ins]t+ section #hef7;c77#aj74 7#aeb7 ,section #hfj7;f77#b77;,a77ii7 is am5d$ by /rik+ decreas$ & ins]t+ decrease4 7#aec7 ,section #hfj7;i7 is am5d$ by /rik+ willfull & ins]t+ willful4 7#aed7 ,section #hfj;,g7a77#c77;,a77iii77,,iii7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ a comma4 7#aee7 ,section #hfd7;d77#h7 is am5d$ by /rik+ section #ief7;b77#c7 & ins]t+ section #ief7;c77#c74 7#aef7 ,section #hgg7;d77#d77;,b77i7 is am5d$ by /rik+ 9 #ieg & ins]t+ 9 section #ieg4 7#aeg7 ,section #hgg;,a7g77#f7 is am5d$ by /rik+ #bbj7;e77#d7 & ins]t+ #bbj7;f77#d74 7#aeh7 ,section #hig7;a77#a77;,a7 is am5d$ by /rik+ section #hga7;,b77#a7 & ins]t+ section #hga7;b77#a74 7#aei7 ,! head+ ( section #hig7k77#b7 is am5d$ by /rik+ usrpi & ins]t+ unit$ /ates real prop]ty int]e/4 7#afj7 ,section #ijd7;d77#b77;,b77ii7 is am5d$ by /rik+ subp>agraph 7,e77iii7 or p>agraph 7#c77;,i7 & ins]t+ subp>agraph 7,e77ii7 or p>agraph 7#c77;,h74 7#afa7 ,section #ijg7;c77#c77;,c7 is am5d$ by /rik+ ! p]iod aft] p>tn]%ips & ins]t+ a comma4 7#afb7 ,section #ijg7;f77#a7 is am5d$ by /rik+ ye>1 & ins]t+ ye>s14 7#afc7 ,section #iaa7;d77#h77;,b77i7 is am5d$ by /rik+ 7#ej ,u4,s4,c4 ,app4 #a et seq47 & ins]t+ 7#ej ,u4,s4,c4 #dcja et seq474 7#afd7 ,section #iab7a77;,b7 is am5d$ by /rik+ 7#ej ,u4,s4,c41 sec4 #djc;e7 & ins]t+ 7#ej ,u4,s4,c4 #ceje74 7#afe7 ,section #icf7;h77#e77;,c77i77,,iii77a7 is am5d$ by /rik+ corporations & ins]t+ corporation's4 7#aff7 ,section #ied7;b77#e7 is am5d$ by /rik+ income11 & ins]t+ income14 7#afg7 ,section #ied7;b77#f7 is am5d$ by /rik+ ! comma aft] p>agraph 7#b74 7#afh7 ,section #ief7;c77#b77;,e7 is am5d$ by /rik+ section #iec7;a77#a7 & ins]t+ section #iec7;e77#b74 7#afi7 ,section #ief7;e7 is am5d$ by /rik+ provisons & ins]t+ provisions4 7#agj7 ,section #ieg7;b7 is am5d$ by /rik+ section #iec7;a77#a7 & ins]t+ section #iec7;e77#b74 7#aga7 ,section #ifj7;b77#c7 is am5d$ by /rik+ ,reconcilation & ins]t+ ,reconciliation4 7#agb7 ,! head+ ( section #iic is am5d$ by ins]t+ & special rules aft] ,def9itions4 7#agc7 ,section #ajaf7;a77#c77;,d7 is am5d$ by ins]t+ z 9 effect prior to its repeal by ! ,tax ,re=m ,act ( #aihf be=e 7or ! correspond+ provisions ( prior income tax laws74 7#agd7 ,section #ajcc7;h77#b7 is am5d$ by ins]t+ is be=e locat$4 7#age7 ,section #ajce7;a77#a7 is am5d$ by /rik+ 2 or & ins]t+ a semicolon4 7#agf7 ,section #ajei7;d77#c7 is am5d$ by /rik+ 2 except t & all t foll[s & ins]t+ & !re %all n be tak5 into acc\nt any day :i* is m ?an #b ye>s aft] ! date on :i* su* %>e becomes ex-divid5d44 7#agg7 ,section #ajib7;a77#b77;,b7 is am5d$ by /rik+ ) respect o!r 9 ! la/ s5t5ce & ins]t+ ) respect to o!r4 7#agh7 ,section #ajib7;c77#d77;,e7 is am5d$ by /rik+ 7o!r ?an subp>agraph 7,b7 !re(74 7#agi7 ,! item relat+ to section #abbb 9 ! table ( sections = "p ,,iii ( sub*apt] ,p ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #abbb4 ,o!r t]ms relat+ to capital ga9s & losses4 4 7#ahj7 ,! item relat+ to section #abeb 9 ! table ( sections = "p ,,iv ( sub*apt] ,p ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #abeb4 ,ga9 f disposition ( f>m l&4 4 7#aha7 ,section #abej7;d77#c7 is am5d$ by /rik+ p>agraph 7#i7 & ins]t+ p>agraph 7#f74 7#ahb7 ,section #abee7;b77#b7 is am5d$ by /rik+ #agj7;e71 & ins]t+ #agj7;e74 7#ahc7 7,a7 ,subp>agraphs 7,b7 & 7,c7 ( section #abef7;e77#c7 are ea* am5d$ by /rik+ section #dfd7;e77#b7 & ins]t+ section #dfa7k77#d74 7,b7 ,section #abeh7;d77#e77;,c7 is am5d$ by /rik+ section #dfd7;e77#b7 & ins]t+ section #dfa7k77#d74 7#ahd7 ,section #abeg7;c77#a7 is am5d$-- 7,a7 by /rik+ section #abja7d7 & ins]t+ section #abja7;a77#g71 & 7,b7 by /rik+ #af ,u4,s4,c4 #chja7d7 & ins]t+ #af ,u4,s4,c4 #chja7g74 7#ahe7 ,section #abeg7;c77#b7 is am5d$-- 7,a7 by /rik+ section #abja7f7 & ins]t+ section #abja7;a77#aj71 & 7,b7 by /rik+ #af ,u4,s4,c4 #chja7f7 & ins]t+ #af ,u4,s4,c4 #chja7aj74 7#ahf7 ,section #abgd7;b77#c77;,b77i7 is am5d$ by /rik+ section #fffb7;d77#b77;,c77iii7 & ins]t+ section #fffb7;d77#b77;,c77ii74 7#ahg7 ,section #abgf7;a77#d7 is am5d$ by /rik+ #hga7;a711 & ins]t+ #hga7;a714 7#ahh7 ,section #abgh7;b77#a7 is am5d$ by /rik+ #hga7;a711 & ins]t+ #hga7;a714 7#ahi7 ,section #abhf7;f7 is am5d$ by /rik+ & #cje7;e71 & ins]t+ & section #cje7;e714 7#aij7 ,section #abia7;e7 is am5d$ by /rik+ subsections 7c7 & 7d7 7e71 & ins]t+ subsections 7c71 7d71 & 7e74 7#aia7 ,section #abih7;b77#e77;,b7 is am5d$ by /rik+ section #iea7;f7 & ins]t+ section #iea7;c74 7#aib7 ,section #abih7;d77#b77;,a7 is am5d$ by /rik+ section #abif7;a77#b7 & ins]t+ section #abig7;a77#b74 7#aic7 ,section #abih7;e77#b77;,b77ii7 is am5d$ by /rik+ provisons & ins]t+ provisions4 7#aid7 ,section #acee7;f77#c7 is am5d$ by /rik+ ( :i* & ins]t+ on :i*4 7#aie7 ,section #aceh7;b77#a7 is am5d$ by /rik+ section #aceb7;a77#b7 & ins]t+ section #aceb7b74 7#aif7 ,section #aceh7;c77#b7 is am5d$ by /rik+ an p]son's & ins]t+ a p]son's4 7#aig7 ,sections #acfa7;f77#b71 #acfb7;d77#c77;,c77v71 & #dige7;d77#af77;,a7 are ea* am5d$ by /rik+ #ahac7w77#a771 & ins]t+ #ahac7w77#a77714 7#aih7 ,section #acfb7;f7 is am5d$ by /rik+ may be dur+ & ins]t+ may be1 dur+4 7#aii7 ,section #acff7;e7 is am5d$ by /rik+ section #gjd7;e77#c7 & ins]t+ section #gjd7;e77#b74 7#bjj7 ,section #acfh7;f77#b7 is am5d$ by /rik+ 9 includ$ & ins]t+ is includ$4 7#bja7 ,section #acia7;g77#c77;,e77ii7 is am5d$ by /rik+ ,int]ior & ins]t+ ! ,int]ior4 7#bjb7 ,section #acid7;b77#c77;,b77i77,,ii7 is am5d$ by /rik+ subsection & ins]t+ subsections4 7#bjc7 ,section #acig;,c7d77#e77;,b7 is am5d$ by /rik+ subp>agraphs 7,a7 or 7,b7 & ins]t+ subp>agraph 7,a7 or 7,b74 7#bjd7 ,section #adjb7;a77#a7 is am5d$-- 7,a7 by /rik+ section #abcc7b7 & ins]t+ section #abcc7;a77#b71 & 7,b7 by /rik+ #af ,u4,s4,c4 #chcc7b7 & ins]t+ #af ,u4,s4,c4 #chcc7;a77#b74 7#bje7 ,section #adjb7;b7 is am5d$ by /rik+ #cbaa14 & ins]t+ #cbaa44 7#bjf7 ,! head+ ( section #addf is am5d$ by /rik+ ,)hold+ tax 9 ! head+ & ins]t+ ,)hold+ ( tax4 7#bjg7 ,section #bjca7;c77#a7 is am5d$ by /rik+ all t foll[s subp>agraph 7,a7 & ins]t+ ! foll[+3 7,b7 #ejj1jjj4 4 7#bjh7 ,section #bjca7;c77#b7 is am5d$ by /rik+ p>agraph 7#e774 & ins]t+ p>agraph 7#e77744 7#bji7 ,section #bjee7;e77#c77;,g7 is am5d$ by /rik+ subp>agraph 7,j7 & ins]t+ subp>agraph 7,j774 7#baj7 ,section #bajf7;a77#d7 is am5d$ by ins]t+ section be=e #bjeh7;a74 7#baa7 ,section #bebb7;c77#a7 is am5d$ by /rik+ to ( = & ins]t+ to or =4 7#bab7 ,section #bebc7;g77#a7 is am5d$ by /rik+ non*>itable b5efici>y & ins]t+ b5efici>y :o is n a *>itable b5efici>y4 7#bac7 ,section #bebc7;g77#b7 is am5d$ by /rik+ non*>itable & ins]t+ *>itable4 7#bad7 ,section #caja7;a7 is am5d$ by add+ a p]iod at ! end4 7#bae7 ,section #caaa7;e77#e77;,b7 is am5d$ by ins]t+ ! be=e mean+4 7#baf7 ,section #caba7;b77#e77;,b77i77,v7 is am5d$ by /rik+ section #aje7;e77#b7 & ins]t+ section #ajd7;e77#b74 7#bag7 ,section #caba7;b77#e77;,h77i7 is am5d$ by /rik+ #aiig & ins]t+ #aiig14 7#bah7 ,section #ccjd7;a77#d77;,g77ii7 is am5d$ by /rik+ section #fdjb7;f77#d77;,b7 & ins]t+ section #fdjb7;f77#d77;,c74 7#bai7 ,section #ccjf7;b77#e77;,f7 is am5d$ by /rik+ ! semicolon at ! end & ins]t+ a comma4 7#bbj7 ,section #ccjf7;c77#ai7 is am5d$ by /rik+ ,s]vice & ins]t+ s]vice4 7#bba7 ,section #ccjf7u7 is am5d$ by /rik+ #be ,u4,s4,c4 #dej;b7e7 & ins]t+ #be ,u4,s4,c4 #ecjd7;e74 7#bbb7 ,section #ccjf7v7 is am5d$ by /rik+ ?is "p & ins]t+ ?is section4 7#bbc7 ,section #ccji7;d7 is am5d$ by /rik+ #be ,u4,s4,c4 #dej;b7e7 & ins]t+ #be ,u4,s4,c4 #ecjd7;e74 7#bbd7 7,a7 ,p>agraphs 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 & 7#ae7 ( section #cdja7;a7 are ea* am5d$ by /rik+ 2 or at ! end & ins]t+ a comma4 7,b7 ,p>agraphs 7#d77;,a71 7#h77;,a77i71 7#h77;,c71 7#aj77;,a71 7#ab77;,d71 & 7#bb7 ( section #cdja7;a7 are ea* am5d$ by /rik+ 2 or at ! end & ins]t+ 1 or4 7,c7 ,section #cdja7;a77#ab77;,e7 is am5d$ by /rik+ 1 or at ! end & ins]t+ a comma4 7,d7 ,p>agraphs 7#af77;,a71 7#af77;,b71 7#ag71 7#ah71 7#ai71 7#bj71 & 7#ba7 ( section #cdja7;a7 are ea* am5d$ by /rik+ ! semicolon at ! end & ins]t+ a comma4 7#bbe7 ,section #ceji7;d77#a77;,c7 is am5d$ by /rik+ sections & ins]t+ section4 7#bbf7 ,section #djea7;a77#c7 is am5d$ by /rik+ ,secret>y4 & ins]t+ ,secret>y744 7#bbg7 ,section #dajd7;a77#a7 is am5d$ by /rik+ section & ins]t+ sections4 7#bbh7 ,section #dbba7;a7 is am5d$ by /rik+ section #djea1 & ins]t+ section #djea4 7#bbi7 ,! item relat+ to "p ,,iii 9 ! table ( p>ts = sub*apt] ,c ( *apt] #cc is am5d$ by /rik+ relat+ & ins]t+ applicable4 7#bcj7 ,section #dfab7;e77#b77;,b77ii77,i7 is am5d$ by /rik+ tranf]r$ & ins]t+ transf]r$4 7#bca7 ,section #dieh7;f77#a77;,d7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ a comma4 7#bcb7 ,section #diga7;c77#c7 is am5d$ by /rik+ applicable & & ins]t+ applicable1 &4 7#bcc7 ,section #diga7;f7 is am5d$ by /rik+ applicable = & ins]t+ applicable1 =4 7#bcd7 ,section #diga7;g77#d77;,c77ii7 is am5d$ by /rik+ section #dcb7;i77#i7 & ins]t+ section #dcb7;j77#i74 7#bce7 ,section #dige7;d77#c7 is am5d$ by /rik+ an lev]ag$ & ins]t+ a lev]ag$4 7#bcf7 ,section #dige7;d77#ag7 is am5d$ by /rik+ ,any & ins]t+ any4 7#bcg7 ,section #dige7;d77#ba7 is am5d$ by /rik+ p]son p]son & ins]t+ p]son4 7#bch7 ,section #dige7;f77#h77;,c77iv77,,ii7 is am5d$ by ins]t+ subsection be=e 7d77#ag77;,a77ii74 7#bci7 ,section #dige7;f77#h77;,f77i77,i7 is am5d$ by /rik+ advis]1 & ins]t+ advis]4 7#bdj7 ,section #dige7;f77#h77;,f77i77,v7 is am5d$ by ins]t+ ( be=e ! mann]4 7#bda7 ,section #dihj;,b7f77#a7 is am5d$ by /rik+ section #bafb ( ! ,public ,heal? ,s]vice ,act & ins]t+ section #aibh7;h77#f7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acifs7h77#f774 7#bdb7 ,section #dihj;,b7f77#e77;,c77iii7 is am5d$ by /rik+ section #bgja7;c77#b7 & ins]t+ section #bgjd7;c77#b74 7#bdc7 ,section #dihj;,i7b77#c77;,c77iv7 is am5d$ by /rik+ ! comma at ! end & ins]t+ a p]iod4 7#bdd7 ,section #dihj;,i7b77#c77;,c77v7 is am5d$ by /rik+ = = & ins]t+ =4 7#bde7 ,section #ejed7;a77#c77;,b7 is am5d$ by /rik+ sections & ins]t+ section4 7#bdf7 ,section #ejff7;d7 is am5d$ by /rik+ section #ejja7;a77#e7 & ins]t+ section #ejja7;a77#d74 7#bdg7 ,! item relat+ to subp>t ,c 9 ! table ( subp>ts = "p ,,ii ( sub*apt] ,a ( *apt] #ea is am5d$ to read z foll[s3 ,subp>t ,c4 ,recordkeep+ & regi/ration by deal]s 4 7#bdh7 ,! item relat+ to section #eagh 9 ! table ( sections = sub*apt] ,b ( *apt] #ea is am5d$ to read z foll[s3 ,sec4 #eagh4 ,premises ( di/ill$ spirits plants4 4 7#bdi7 ,section #eahb is am5d$ by /rik+ section #eaab & ins]t+ section #eaba4 7#bej7 ,section #ebgc7;e77#b7 is am5d$ by /rik+ section #ejja7;a77#f7 & ins]t+ section #ejja7;a77#e74 7#bea7 ,section #ecad7;a77#b7 is am5d$ by /rik+ section #ejja7;a77#aj7 & ins]t+ section #ejja7;a77#i74 7#beb7 ,section #ecib7;f7 is am5d$ by /rik+ section #ag7;a77#e7 & ins]t+ section #aag7;a77#e74 7#bec7 ,section #eeab is am5d$ by /rik+ section #ejja7;a77#g7 & ins]t+ section #ejja7;a77#f74 7#bed7 ,section #efja7;a77#ae7 is am5d$ by /rik+ ,)draws1 & ins]t+ )draws14 7#bee7 ,! head+ ( section #efjc is am5d$ by ins]t+ a comma aft] returns4 7#bef7 ,section #egja7;e7 is am5d$ by /rik+ manufactur]$ & ins]t+ manufactur$4 7#beg7 ,! item relat+ to section #ehdg 9 ! table ( sections = "p ,i ( sub*apt] ,b ( *apt] #ec is am5d$ to read z foll[s3 ,sec4 #ehdg4 ,effect on o!r laws4 4 7#beh7 ,section #ehdg is am5d$ by /rik+ section #dad ( ! ,mutual ,security ,act ( #aied & ins]t+ section #ch ( ! ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bggh74 7#bei7 ,! item relat+ to section #eheb 9 ! table ( sections = "p ,,ii ( sub*apt] ,b ( *apt] #ec is am5d$ to read z foll[s3 ,sec4 #eheb4 ,g5]al transf] & mak+ tax exemption4 4 7#bfj7 ,! item relat+ to section #ehec 9 ! table ( sections = "p ,,ii ( sub*apt] ,b ( *apt] #ec is am5d$ to read z foll[s3 ,sec4 #ehec4 ,transf] & mak+ tax exemption available to c]ta9 gov]nm5tal entities4 4 7#bfa7 ,section #fjab7;a77#f7 is am5d$ by /rik+ & at ! end4 7#bfb7 ,section #fjab7;a77#g7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ 2 &4 7#bfc7 ,section #fjab7;a77#h7 is am5d$ by /rik+ section #fc7;c77#b77;,d74 & ins]t+ section #fc7;c77#b77;,c724 7#bfd7 ,section #fjcc7;b77#ae7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ 1 &4 7#bfe7 ,section #fjci7;d77#b7 is am5d$ to read z foll[s3 7#b7 ! t]m employee /ock pur*ase plan1 see section #dbc7;b74 4 7#bff7 ,! table ( sections = subp>t ,b ( "p ,,iii ( sub*apt] ,a ( *apt] #fa is am5d$ by ins]t+ aft] ! item relat+ to section #fjda ! foll[+ new item3 ,sec4 #fjda;,a4 ,returns reg>d+ paym5ts ( remun]ation = s]vices & direct sales4 4 7#bfg7 ,! item relat+ to section #fjej;,i 9 ! table ( sections = subp>t ,b ( "p ,,iii ( sub*apt] ,a ( *apt] #fa is am5d$ to read z foll[s3 ,sec4 #fjej;,i4 ,returns relat+ to ca% receiv$ 9 trade or bus9ess1 etc4 4 7#bfh7 ,! item relat+ to section #fjej,w 9 ! table ( sections = subp>t ,b ( "p ,,iii ( sub*apt] ,a ( *apt] #fa is am5d$ to read z foll[s3 ,sec4 #fjej,w4 ,returns relat+ to paym5ts made 9 settlem5t ( paym5t c>d & ?ird p>ty network transactions4 4 7#bfi7 ,section #fjej;,h7h77#c77;,b77i7 is am5d$ by /rik+ ,rural ,h\s+ ,adm9i/ration & ins]t+ ,rural ,h\s+ ,s]vice4 7#bgj7 ,section #fjeh7;e7 is am5d$ by /rik+ p>agraph 7#a7 & by r$esignat+ p>agraphs 7#b7 & 7#c7 z p>agraphs 7#a7 & 7#b71 respectively4 7#bga7 ,section #fjei7;b77#c77;,b7 is am5d$-- 7,a7 by /rik+ ! requirem5ts & ins]t+ t ! requirem5ts1 & 7,b7 by /rik+ ! p]iod at ! end & ins]t+ a comma4 7#bgb7 ,section #fjia7;b77#b77;,b77ii7 is am5d$ by /rik+ & at ! end4 7#bgc7 ,section #fajc7l77#g7 is am5d$ by /rik+ ( #aigg 9 ! head+ !re(4 7#bgd7 ,section #fajc7l77#aj77;,a7 is am5d$ by /rik+ reque/ made "u subsection 7f77#e7 & ins]t+ notice submitt$ "u subsection 7f77#e77;,c74 7#bge7 ,section #fajc7l77#aj7 is am5d$ by /rik+ s mu* ( subp>agraph 7,b7 z prec$es ,any & ins]t+ ! foll[+3 7,b7 ,re/riction on use ( disclos$ in=mation 7i7 4 7#bgf7 ,section #fajc7l77#af77;,a7 is am5d$ by /rik+ subsection #fajc7;b77#f7 & ins]t+ section #fajc7;b77#f74 7#bgg7 ,section #fajc7p77#c77;,a7 is am5d$ by /rik+ subsections & ins]t+ subsection4 7#bgh7 ,section #fajc7p77#c77;,c77ii7 is am5d$ by /rik+ ! comma at ! end & ins]t+ a p]iod4 7#bgi7 ,section #fajc7p77#d7 is am5d$ by /rik+ #g7;a77ii7 9 ! flu% matt] be=e subp>agraph 7,a7 & ins]t+ 7#g77;,a77ii74 7#bhj7 ,section #fajc7p77#d77;,f77ii7 is am5d$-- 7,a7 by /rik+ subsections & ins]t+ subsection1 & 7,b7 by /rik+ subsection 7l77#ba7111 & ins]t+ subsection 7l77#ba714 7#bha7 ,section #fajc7p77#d7 is am5d$ by /rik+ subsection 7l77#ba711 bo? places x appe>s 9 ! flu% matt] at ! end & ins]t+ subsection 7l77#ba714 7#bhb7 ,section #faji7;f7 is am5d$ by /rik+ ( #aigg 9 ! head+ !re(4 7#bhc7 ,section #fbac7;g77#b77,o7 is am5d$ by add+ a comma at ! end4 7#bhd7 ,section #fbac7;g77#b77,p7 is am5d$-- 7,a7 by /rik+ section #bd7;h77#b7 & ins]t+ section #bd7;g77#b71 & 7,b7 by /rik+ subsection 7h77#a7 & ins]t+ subsection 7g77#a74 7#bhe7 ,section #fcjb7;e77#b77;,a7 is am5d$ by /rik+ sections & ins]t+ section4 7#bhf7 ,section #fcaa7;d77#c77;,d7 is am5d$-- 7,a7 by /rik+ section #ajc7;f7 & ins]t+ section #ajc7;g71 & 7,b7 by /rik+ #afjb7;f7 & ins]t+ #afjb7;g74 7#bhg7 ,section #fccj7;d77#b7 is am5d$ by /rik+ 1 & at ! end & ins]t+ a p]iod4 7#bhh7 ,section #fccd7;a77#aj77;,a7 is am5d$ by /rik+ ,v11 & ins]t+ ,v14 7#bhi7 ,section #fcdb7;a7 is am5d$ by /rik+ subsection 7c77#b7 & ins]t+ subsection 7d77#b74 7#bij7 ,section #fdjb7;a7 is am5d$ by /rik+ 7f7 refund & ins]t+ 7f71 refund4 7#bia7 ,section #fdjb7;c7 is am5d$ by /rik+ ( ( & ins]t+ (4 7#bib7 ,section #fdjb7;d77#b7 is am5d$ by /rik+ section #djb7;a77#bf7 ( ! ,social ,security ,act & ins]t+ section #djh7;a77#c7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #fjh7;a77#c774 7#bic7 ,section #fdjd7;g77#b77;,e7 is am5d$ by /rik+ section #fffd7;d77#b77;,a7 & ins]t+ section #fffd7;d77#c77;,a74 7#bid7 ,section #fdbj7;i77#d7 is am5d$ by /rik+ ,/ate & & ins]t+ ,/ate 7&4 7#bie7 ,section #fdba7;c7 is am5d$ by /rik+ 7#d7 7#e7 & ins]t+ 7#d71 7#e74 7#bif7 ,section #fdba7;j77#c7 is am5d$ by /rik+ ,/ate & & ins]t+ ,/ate 7&4 7#big7 ,section #fdbb is am5d$-- 7,a7 by /rik+ p>agraph 7#g71 7,b7 by r$esignat+ p>agraphs 7#h7 ?r\gh 7#ab7 z p>agraphs 7#g7 ?r\gh 7#aa71 respectively1 & 7,c7 by /rik+ = cr$it 9 p>agraph 7#aj7 z s r$esignat$ & ins]t+ ,= cr$it4 7#bih7 ,section #fdbe7;c77#a77;,a7 is am5d$ by /rik+ ,! sum & ins]t+ ! sum4 7#bii7 ,section #fdbf7;b77#b77;,a77ii7 is am5d$ by /rik+ c5ts44 & ins]t+ c5ts44 7#cjj7 ,section #feja7m7 is am5d$ by /rik+ any election & all t foll[s ?r\gh 7or any & ins]t+ ! foll[+3 any election "u 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 am5d$ by /rik+ section #fbcj7;a774 & ins]t+ section #fbcj7;a774 7#cjb7 ,section #ffab7;c7 is am5d$-- 7,a7 by ins]t+ sections be=e #bjad7;e71 & 7,b7 by /rik+ & #fdbj & ins]t+ #fdbj4 7#cjc7 ,! item relat+ to section #ffea 9 ! table ( sections = "p ,i ( sub*apt] ,a ( *apt] #fh is am5d$ to read z foll[s3 ,sec4 #ffea4 ,failure to file tax return or to pay tax4 4 7#cjd7 ,ea* ( ! foll[+ sections are am5d$ by ins]t+ an am\nt equal to aft] increas$ by & by ins]t+ = ! cal5d> ye> aft] 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 am5d$ by /rik+ *apt] #a ! tax & ins]t+ *apt] #a1 ! tax4 7#cjf7 ,section #ffed7;f77#c7 is am5d$ by /rik+ taxes & ins]t+ tax4 7#cjg7 ,section #fffb7;d77#c7 is am5d$ by /rik+ section #fffd7;d77#b7 & ins]t+ section #fffd7;d77#c74 7#cjh7 ,section #fffb is am5d$ by mov+ subsection 7i7 be=e subsection 7j74 7#cji7 ,! head+ ( section #ffgf7;c7 is am5d$ by /rik+ reasonable basis & ins]t+ reasonable cause4 7#caj7 ,! item relat+ to section #ffhd 9 ! table ( sections = "p ,i ( sub*apt] ,b ( *apt] #fh is am5d$ to read z foll[s3 ,sec4 #ffhd4 ,assessable p5alties ) respect to liability = tax "u *apt] #db4 4 7#caa7 ,! item relat+ to section #ffhf 9 ! table ( sections = "p ,i ( sub*apt] ,b ( *apt] #fh is am5d$ to read z foll[s3 ,sec4 #ffhf4 ,failure to file returns or supply in=mation by ,,disc or =m] ,,fsc4 4 7#cab7 ,section #ffgi7;a77#a7 is am5d$ by /rik+ section #fjdf & #fjdf;,a & ins]t+ section #fjdf or #fjdf;,a4 7#cac7 ,section #ffie7;h77#b7 is am5d$ by /rik+ subp>agraph 7,a7 & ins]t+ p>agraph 7#a74 7#cad7 ,section #ffie7;h77#b77;,b7 is am5d$ by /rik+ clause 7i7 & ins]t+ subp>agraph 7,a74 7#cae7 ,section #ffif7;a7 is am5d$ by /rik+ section #ffid1 & ins]t+ sections #ffid14 7#caf7 ,section #ffif7;d77#a7 is am5d$ by /rik+ section #ffie1 & ins]t+ #ffie14 7#cag7 ,section #ffih7;b77#b7 is am5d$ by add+ a p]iod at ! end4 7#cah7 ,section #fgjj7;a7 is am5d$ by /rik+ ! #a1jjj & ins]t+ #a1jjj4 7#cai7 ,section #fgbd7;d77#a77;,b77xx7 is am5d$ by /rik+ or at ! end4 7#cbj7 ,section #fgbd7;d77#a77;,b77xxi7 is am5d$ by /rik+ & at ! end4 7#cba7 ,section #fgbd7;d77#a7 is am5d$ by /rik+ ,su* t]m also includes & ins]t+ ! foll[+3 ,su* t]m also includes 4 7#cbb7 ,section #fgbd7;d77#b77;,f7 is am5d$ by /rik+ ! p]iod at ! end & ins]t+ a comma4 7#cbc7 ,section #fgbd7;d77#b77,m7 is am5d$ by /rik+ 7h77#b7 relat+ & ins]t+ 7h77#b7 7relat+4 7#cbd7 ,section #fgbd7;d77#b77;,,dd7 is am5d$ by add+ a comma at ! end4 7#cbe7 ,section #fhfc7;a7 is am5d$ by /rik+ #fheb11 & ins]t+ #fheb14 7#cbf7 ,section #fija7;a77#a77;,b7 is am5d$ by /rik+ ,code 9 & ins]t+ ,code1 94 7#cbg7 ,section #gbge7;b77#b7 is am5d$ by /rik+ taxes1 %all & ins]t+ taxes14 7#cbh7 ,section #gdba7;b77#b7 is am5d$ by /rik+ ,code 9 & ins]t+ ,code1 94 7#cbi7 7,a7 ,subsections 7e7 & 7i7 ( section #gdbb & sections #caba7;b77#e77;,e71 #faaj7;j77#a77;,b71 #gdbh7;a71 & #gdcj7;c77#f7 are ea* am5d$ by /rik+ ,unit$ ,/ates ,claims ,c\rt & ins]t+ ,unit$ ,/ates ,c\rt ( ,f$]al ,claims4 7,b7 ,subsections 7a71 7b71 & 7c77#a77;,c77iii7 ( section #gdbh are ea* am5d$ by /rik+ ,claims ,c\rt & ins]t+ ,c\rt ( ,f$]al ,claims4 7,c7 ,! head+ ( section #difa7;c77#a7 is am5d$ by /rik+ unit$ /ates claims c\rt & ins]t+ unit$ /ates c\rt ( f$]al claims4 7,d7 ,section #ffgb7;c77#b7 is am5d$ by /rik+ ,c\rt ( ,claims & ins]t+ ,c\rt ( ,f$]al ,claims4 7#ccj7 ,! item relat+ to section #gddh 9 ! table ( sections = "p ,i ( sub*apt] ,c ( *apt] #gf is am5d$ to read z foll[s3 ,sec4 #gddh4 ,annuities to surviv+ sp\ses & dep5d5t *ildr5 ( judges & special trial judges4 4 7#cca7 ,section #gddh7;j77#a77;,a7 is am5d$ by /rik+ ,code171 & ins]t+ ,code714 7#ccb7 ,section #gddh7m7 is am5d$ by /rik+ ,code1 & ins]t+ ,code714 7#ccc7 ,section #gded7;b7 is am5d$ by /rik+ #diee711 & ins]t+ #diee714 7#ccd7 ,section #gfed7;d77#a7 is am5d$ by /rik+ #ej ,app4 ,u4,s4,c4 #eja et seq4 & ins]t+ #ej ,u4,s4,c4 #cija et seq44 7#cce7 ,section #ggja7;a77#cf77;,b7 is am5d$ by /rik+ an #8tax & ins]t+ a #8tax4 7#ccf7 ,section #ggja7;e77#e77;,b7 is am5d$ by /rik+ ,reconcilation & ins]t+ ,reconciliation4 7#ccg7 ,section #ghja7;a77#b77;,b7 is am5d$-- 7,a7 by /rik+ ?is ,act & ins]t+ ! ,homel& ,security ,act ( #bjjb1 & 7,b7 by /rik+ effective date ( ! ,homel& ,security ,act ( #bjjb & ins]t+ effective date ( su* ,act4 7#cch7 ,section #ghji7;c77#a7 is am5d$ by /rik+ ,"w & ins]t+ "w4 7#cci7 ,section #ghea7;a77#a77;,a7 is am5d$ by /rik+ 1 #d4 7#cdj7 ,section #ghea7;a77#a77;,b7 is am5d$ by /rik+ ,*apt]s #c & #e & ins]t+ ,*apt] #c4 7#cda7 ,section #ghga7;c77#c77;,d77ii77,,ii7 is am5d$ by /rik+ cal5d] & ins]t+ cal5d>4 7#cdb7 ,section #ijjc7;b77#b7 is am5d$ by /rik+ section #ijjf7;d7 & ins]t+ section #ijjf7;c74 7#cdc7 ,section #ijaa7;b77#a7 is am5d$ by /rik+ contrue & ins]t+ con/rue4 7#cdd7 ,section #iejb7;d77#b7 is am5d$ by /rik+ f>ms1 & ins]t+ f>ms714 7#cde7 ,section #iejc7;c77#e7 is am5d$ by /rik+ & be=e ,octob] #a1 #bjaa14 7#cdf7 ,section #iejh7;c77#a7 is am5d$ by /rik+ ! ,public & ins]t+ ,public4 7#cdg7 ,section #igja7;a77#d7 is am5d$ by /rik+ section #igac;,a & ins]t+ section #igab4 7#cdh7 ,section #igjd7;d77#b77;,b7 is am5d$ by /rik+ #abcb771 & ins]t+ #abcb714 7#cdi7 ,section #igjd7;h7 is am5d$ by /rik+ ,secret>y & ins]t+ ,commission]4 7#cej7 ,section #igje7;b77#a7 is am5d$ by /rik+ #abcb7;h7 & ins]t+ #abcb4 7#cea7 ,section #igje7;b77#b7 is am5d$ by /rik+ ,acts & ins]t+ ,act4 7#ceb7 ,section #igaa7;c77#d77;,b7 is am5d$ by /rik+ p>agraph 7#d77;,c7 & ins]t+ p>agraph 7#c77;,c74 7#cec7 ,section #igab7;a77#d77;,a7 is am5d$ by ins]t+ section #djb ( aft] subsections 7h7 & 7i7 (4 7#ced7 ,section #ihab7;a77#c77;,b77i7 is am5d$ by /rik+ ! comma at ! end & ins]t+ a p]iod4 7#cee7 ,section #cjb ( division ,p ( ! ,consolidat$ ,appropriations ,act1 #bjaf is am5d$-- 7,a7 9 subsection 7a71 by ins]t+ ( ! ,int]nal ,rev5ue ,code ( #aihf aft] section #dh7;a77#e77;,c71 & 7,b7 9 subsection 7b71 by ins]t+ ( su* ,code aft] section #dh7;a74 7#cef7 ,section #cbajc7;a7 ( ! ,fix+ ,am]ica's ,surface ,transportation ,act is am5d$ by /rik+ section #ebajf & ins]t+ section #cbajb4 7b7 ,g5]al deadwood-,relat$ provisions 7#a7 ,section #be;,a7c77#a7 is am5d$ by /rik+ 7#e1jjj 9 ! case ( taxable ye>s beg9n+ be=e ,janu>y #a1 #bjjc74 7#b7 ,section #bf7;b77#b7 is am5d$ by /rik+ subp>agraph 7,p74 7#c7 ,section #cb7l7 is am5d$ by /rik+ 1 & any paym5t made to su* individual 7or su* sp\se7 by an employ] "u section #cejg14 7#d7 7,a7 ,section #ch7;c77#e7 is am5d$-- 7i7 by /rik+ all t prec$es subp>agraph 7,c7 !re( & ins]t+ ! foll[+3 7#e7 ,rules relat$ to eligible small bus9esses 1 7ii7 by r$esignat+ subp>agraphs 7,c7 & 7,d7 z subp>agraphs 7,a7 & 7,b71 respectively1 & 7iii7 by am5d+ subp>agraph 7,b7 7z s r$esignat$7 to read z foll[s3 7,b7 ,treatm5t ( p>tn]s & ,s corporation %>ehold]s ,= purposes ( p>agraph 7#d77;,b77ii71 any cr$it det]m9$ "u section #da ) respect to a p>tn]%ip or ,s corporation %all n be treat$ z a specifi$ cr$it by any p>tn] or %>ehold] unless su* p>tn] or %>ehold] meets ! gross receipts te/ "u subp>agraph 7,a7 = ! taxable ye> 9 :i* su* cr$it is treat$ z a curr5t ye> bus9ess cr$it4 4 7,b7 ,section #ch7;c77#b77;,a77ii77,,ii7 is am5d$ by /rik+ ! eligible small bus9ess cr$its14 7,c7 ,section #ch7;c77#d77;,a77ii77,,ii7 is am5d$ by /rik+ ! eligible small bus9ess cr$its &4 7,d7 ,section #ch7;c77#d77;,b77ii7 is am5d$ by /rik+ 7z def9$ 9 p>agraph 7#e77;,c71 aft] application ( rules simil> to ! rules ( p>agraph 7#e77;,d77 & ins]t+ 7z def9$ 9 p>agraph 7#e77;,a7 aft] application ( ! rules ( p>agraph 7#e77;,b774 7#e7 ,section #ef7;d77#a77;,a77ii77,i7 is am5d$ by ins]t+ 7z 9 effect be=e its repeal by ! ,tax ,increase ,prev5tion ,act ( #bjad7 aft] section #agb7;b77#a77;,h74 7#f7 7,a7 ,section #aci7;c77#b7 is am5d$ by /rik+ section #afe7;h77#c77;,c77i7 & ins]t+ section #afe7;i77#e77;,a74 7,b7 ,section #gejh;,a7a7 is am5d$ by /rik+ section #afe7;h77#c77;,c77i7 & ins]t+ section #afe7;i77#e77;,a74 7#g7 ,section #adj7;a7 is am5d$ by /rik+ p>agraph 7#b7 & by r$esignat+ p>agraphs 7#c7 ?r\gh 7#f7 z p>agraphs 7#b7 ?r\gh 7#e71 respectively4 7#h7 ,section #afc7;d77#d7 is am5d$ by /rik+ subp>agraph 7,e74 7#i7 ,section #afh is am5d$ by /rik+ subsection 7n74 7#aj7 ,section #agb7;b77#a77;,d77iv7 is am5d$ by /rik+ subsection 7h7 & ins]t+ subsection 7g74 7#aa7 ,section #bdf;,a7b77#a7 is am5d$ by /rik+ )\t reg>d to section #bdc7;d77#d74 7#ab7 ,section #dji is am5d$ by /rik+ subsection 7m74 7#ac7 ,section #daa7;a77#c77;,f77i7 is am5d$ by /rik+ "u section #dah;,d or4 7#ad7 ,section #dac7;b77#f7 is am5d$ by /rik+ & ! la/ s5t5ce ( section #diga7;a7 9 ! la/ s5t5ce4 7#ae7 ,section #dae7;g7 is am5d$ by /rik+ subsection 7f77#c7 & ins]t+ subsection 7f77#b74 7#af7 7,a7 ,section #dai7;e77#c77;,a7 is am5d$ by /rik+ 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,b7 ,section #dai;,a7g77#a7 is am5d$ by /rik+ 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,c7 ,section #dai;,a7g77#b7 is am5d$ by /rik+ 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,d7 ,section #eje is am5d$-- 7i7 9 ! head+ !re(1 by /rik+ p>agraph 7#i71 7#ag71 or 7#bj7 & ins]t+ p>agraph 7#i7 or 7#ag71 7ii7 9 ! head+ ( subsection 7a71 by /rik+ p>agraph 7#i7 or 7#bj7 ( section #eja7;c7 & ins]t+ section #eja7;c77#i71 7iii7 9 subsection 7a77#a71 by /rik+ p>agraph 7#i7 or 7#bj7 ( subsection 7c7 ( section #eja & ins]t+ section #eja7;c77#i71 & 7iv7 9 subsection 7c77#a71 by /rik+ p>agraph 7#i71 7#ag71 or 7#bj7 & ins]t+ p>agraph 7#i7 or 7#ag74 7,e7 ,subp>agraphs 7,a71 7,c71 & 7,d7 ( section #eab7;a77#c7 are ea* am5d$ 9 ! text !re( by /rik+ 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,f7 ,subp>agraphs 7,b77ii7 & 7,e7 ( section #eab7;a77#c7 are ea* am5d$ 9 ! text !re( by /rik+ 1 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,g7 ,! head+ ( section #eab7;a77#c7 is am5d$ by /rik+ 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,h7 ,! head+ ( section #eab7;a77#c77;,e7 is am5d$ by /rik+ 1 7#ag71 or 7#bj7 & ins]t+ or 7#ag74 7,i7 ,! item relat+ to section #eje 9 ! table ( sections = "p ,i ( sub*apt] ,f ( *apt] #a is am5d$ to read z foll[s3 ,sec4 #eje4 ,additional requirem5ts = organizations describ$ 9 p>agraph 7#i7 or 7#ag7 ( section #eja7;c74 4 7#ag7 ,section #eja7p77#d7 is am5d$ by /rik+ 1 #eef7;b77#b74 7#ah7 ,section #ecj7;b77#c7 is am5d$-- 7,a7 by /rik+ 7z def9$ 9 section #agj7;e77#f77;,f77i77 9 subp>agraph 7,a77iii71 & 7,b7 by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,comput] te*nology or equipm5t ,! t]m comput] te*nology or equipm5t means comput] s(tw>e 7z def9$ by section #aig7;e77#c77;,b771 comput] or p]iph]al equipm5t 7z def9$ by section #afh7;i77#b77;,b771 & fib] optic cable relat$ to comput] use4 4 7#ai7 ,section #eic7;b77#b77;,d77iv7 is am5d$ by /rik+ 7det]m9$ )\t reg>d to section #eif74 7#bj7 ,section #eig7;c77#a7 is am5d$ by /rik+ or section #ba;,a ( ! ,f$]al ,home ,loan ,bank ,act4 7#ba7 ,section #ffd7;g77#c77;,e7 is am5d$ by /rik+ limitations "u sections #dae7;c7 & 7e7 & ins]t+ limitation "u section #dae7;c74 7#bb7 ,section #haj7;b7 is am5d$ by /rik+ p>agraph 7#d74 7#bc7 ,section #hef7m7 is am5d$ by /rik+ p>agraph 7#f74 7#bd7 ,section #hga7;a77#c7 is am5d$ by /rik+ ! la/ s5t5ce !re(4 7#be7 ,section #iib7;d7 is am5d$ by /rik+ p>agraph 7#f7 & by r$esignat+ p>agraph 7#g7 z p>agraph 7#f74 7#bf7 ,section #abde7;a77#c77;,c7 is am5d$ by /rik+ 1 #ahe4 7#bg7 7,a7 ,section #abeb7;a77#a7 is am5d$ by /rik+ dur+ a taxable ye> beg9n+4 7,b7 ,section #abeb7;a77#a77;,a7 is am5d$-- 7i7 by /rik+ sections & ins]t+ section1 & 7ii7 by /rik+ & #ahb & all t foll[s ?r\gh = exp5ditures & ins]t+ = exp5ditures 4 7,c7 ,section #abeb7;a77#b7 is am5d$-- 7i7 by /rik+ sections & ins]t+ section1 & 7ii7 by /rik+ or #ahb & all t foll[s & ins]t+ a p]iod4 7#bh7 ,section #caaa is am5d$ by /rik+ subsection 7d74 7#bi7 ,section #cabg7;b77#c7 is am5d$ by /rik+ or #bbb7;b74 7#cj7 ,section #cbba is am5d$ by /rik+ subsection 7c7 & by r$esignat+ subsection 7d7 z subsection 7c74 7#ca7 ,section #ddha7;d7 is am5d$ to read z foll[s3 7d7 ,"o tax liability p] p]iod ,to ! ext5t t ! tax impos$ by ?is section is paid ) respect to any highway motor vehicle = any taxable p]iod1 no fur!r tax %all be impos$ by ?is section = su* taxable p]iod ) respect to su* vehicle4 4 7#cb7 ,section #diga7;d7 is am5d$ by /rik+ ! la/ s5t5ce4 7#cc7 ,section #fjej;,g7a77#b7 is am5d$ by /rik+ 7to ! ext5t n previ\sly tak5 into acc\nt "u section #gb7;d77#a774 7#cd7 ,section #fbae7;b7 is am5d$ by /rik+ p>agraph 7#e7 & by r$esignat+ p>agraphs 7#f7 & 7#g7 z p>agraphs 7#e7 & 7#f71 respectively4 7#ce7 ,section #ffja7;b7 is am5d$ by /rik+ p>agraph 7#b7 & by r$esignat+ p>agraphs 7#c7 ?r\gh 7#e7 z p>agraphs 7#b7 ?r\gh 7#d71 respectively4 7#cf7 ,section #ffed7;d77#a77;,c77i7 is am5d$ by /rik+ by sub/itut+ & all t foll[s & ins]t+ by sub/itut+ #aaj p]c5t = #ajj p]c5t44 7#cg7 ,section #ffed7;d77#a7 is am5d$ by /rik+ subp>agraph 7,d74 7#ch7 ,"p ,,ii ( sub*apt] ,c ( *apt] #ge is am5d$ by /rik+ section #gcbf 7& by /rik+ ! item relat+ to su* section 9 ! table ( sections = su* "p74 7#ci7 ,section #gddh7;a77#e7 is am5d$ by /rik+ 1 :e!r or n p]=m+ judicial duties "u section #gddc;,b4 7#dj7 ,section #gddh7;a77#f7 is am5d$ by /rik+ 1 & comp5sation receiv$ "u section #gddc;,b4 7#da7 ,section #gddh7;d7 is am5d$ by /rik+ at #d p]c5t p] annum to ,decemb] #ca1 #aidg1 & #c p]c5t p] annum !reaft] & ins]t+ at #c p]c5t p] annum4 7#db7 ,section #ggja7;a77#ai77;,a7 is am5d$ by /rik+ ei!r 7i7 & all t foll[s ?r\gh 7ii74 7#dc7 ,section #ggja7;a77#cb77;,a7 is am5d$ to read z foll[s3 7,a7 is subject by law to sup]vision & exam9ation by ,/ate or ,f$]al au?ority hav+ sup]vision ov] su* in/itutions1 & 4 7c7 ,repeal ( c]ta9 obsolete bond provisions 7#a7 ,c]ta9 rules ) respect to bonds issu$ be=e ,july #b1 #aihb 7,a7 ,section #abga is am5d$-- 7i7 by /rik+ subsection 7c7 & by r$esignat+ subsection 7d7 z subsection 7c71 & 7ii7 by /rik+ 7& p>agraph 7#b7 ( subsection 7c77 9 subsection 7a77#b77;,b74 7,b7 ,section #abgb is am5d$ by /rik+ subsection 7b7 & by r$esignat+ subsections 7c7 & 7d7 z subsections 7b7 & 7c71 respectively4 7,c7 ,section #afc7;e77#a7 is am5d$ by /rik+ ,9 ! case ( any debt in/rum5t issu$ aft] ,july #a1 #aihb1 ! portion ( ! orig9al issue disc\nt ) respect to su* debt in/rum5t :i* is & ins]t+ ,! portion ( ! orig9al issue disc\nt ) respect to any debt in/rum5t :i* is4 7,d7 ,section #afc7;j77#b77;,c77ii7 is am5d$ by /rik+ or 7b77#d74 7,e7 ,section #abga7;a77#b77;,a77ii7 is am5d$ by /rik+ subsection 7a77#g7 or 7b77#d7 ( section #abgb & ins]t+ section #abgb7;a77#g74 7,f7 ,section #abga7;b77#a7 is am5d$ to read z foll[s3 7#a7 ,9 g5]al ,?is section %all n apply to any obligation issu$ by a natural p]son be=e ,june #i1 #aiig4 4 7,g7 ,section #abgb7;a7 is am5d$-- 7i7 by /rik+ on debt in/rum5ts issu$ aft] ,july #a1 #aihb1 9 ! head+1 & 7ii7 by /rik+ issu$ aft] ,july #a1 #aihb 9 p>agraph 7#a74 7,h7 ,section #abgh7;a77#d77;,b7 is am5d$ by /rik+ or 7b77#d74 7,i7 ,! am5dm5ts made by ?is p>agraph %all apply to debt in/rum5ts issu$ on or aft] ,july #b1 #aihb4 7#b7 ,c]ta9 rules ) respect to /ripp$ bonds pur*as$ be=e ,july #b1 #aihb 7,a7 ,section #abhf is am5d$ by /rik+ subsection 7c74 7,b7 ,subsections 7a7 & 7b7 ( section #abhf are ea* am5d$ by /rik+ aft] ,july #a1 #aihb14 7,c7 ,section #abhf7;e77#e7 is am5d$ by /rik+ ! la/ s5t5ce4 7,d7 ,! am5dm5ts made by ?is p>agraph %all apply to bonds pur*as$ on or aft] ,july #b1 #aihb4 7#c7 ,c]ta9 rules ) respect to obligations issu$ be=e ,m>* #b1 #aihd 7,a7 ,section #abgb7;a77#b7 is am5d$ by /rik+ subp>agraph 7,d7 & by r$esignat+ subp>agraph 7,e7 z subp>agraph 7,d74 7,b7 ,section #afc7;e77#d7 is am5d$ to read z foll[s3 7#d7 ,exception ,?is subsection %all n apply to any debt in/rum5t describ$ 9 section #abgb7;a77#b77;,d7 7relat+ to loans betwe5 natural p]sons74 4 7,c7 ,! am5dm5ts made by ?is p>agraph %all apply to obligations issu$ on or aft] ,m>* #b1 #aihd4 7d7 ,deadwood provisions involv+ repeal ( "o or m sections 7#a7 ,en]gy effici5t appliance cr$it 7,a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ section #de,m 7& by /rik+ ! item relat+ to su* section 9 ! table ( sections = su* subp>t74 7,b7 ,con=m+ am5dm5t ,section #ch7;b71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by /rik+ p>agraph 7#bd7 & by r$esignat+ p>agraphs 7#be7 ?r\gh 7#cf7 z p>agraphs 7#bd7 ?r\gh 7#ce71 respectively4 7#b7 ,qualify+ !rapeutic discov]y project cr$it 7,a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by /rik+ section #dh;,d 7& by /rik+ ! item relat+ to su* section 9 ! table ( sections = su* subp>t74 7,b7 ,con=m+ am5dm5ts 7i7 ,section #di7;a77#a77;,c7 is am5d$ by add+ & at ! end ( clause 7iv71 by /rik+ 1 & at ! end ( clause 7v7 & ins]t+ a p]iod1 & by /rik+ clause 7vi74 7ii7 ,section #ej7;a77#b77;,e7 is am5d$ by /rik+ #dh;,c7b77#b71 or #dh;,d7b77#d7 & ins]t+ or #dh;,c7b77#b74 7iii7 ,section #bhj;,c is am5d$ by /rik+ ! subsection 7g7 :i* relates to ! qualify+ !rapeutic discov]y project cr$it4 7,c7 ,sav+s provision ,9 ! case ( ! repeal ( section #dh;,d7e77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! am5dm5ts made by ?is p>agraph %all n apply to exp5ditures made 9 taxable ye>s beg9n+ be=e ,janu>y #a1 #bjaa4 7#c7 ,,dc ,zone provisions 7,a7 ,9 g5]al ,*apt] #a is am5d$ by /rik+ sub*apt] ,w 7& by /rik+ ! item relat+ to su* sub*apt] 9 ! table ( sub*apt]s = su* *apt]74 7,b7 ,con=m+ am5dm5ts 7i7 ,section #bc7;c77#a7 is am5d$ by /rik+ sections #be;,d & #adjj;,c & ins]t+ section #be;,d4 7ii7 ,section #be7;e77#a77;,c7 is am5d$ by /rik+ sections #bc1 #be;,d1 & #adjj;,c & ins]t+ sections #bc & #be;,d4 7iii7 ,section #de;,d7h7 is am5d$ by /rik+ sections #abjb1 #adjj;,b1 & #adjj;,f & ins]t+ section #abjb4 7iv7 ,section #ajaf7;a7 is am5d$ by /rik+ p>agraph 7#bg74 7v7 ,section #abjb7;a77#b77;,b7 is am5d$ by ins]t+ 7z 9 effect be=e its repeal7 aft] #adjj;,b7b74 7vi7 ,section #abbc7ac7 is am5d$ by /rik+ sections #abjb7;a77#b71 #abjb7;c77#b77;,a71 #adjj;,b7b71 & #adjj;,f7b7 & ins]t+ subsections 7a77#b7 & 7c77#b77;,a7 ( section #abjb4 7vii7 ,section #acig;,b7b77#a7 is am5d$ by /rik+ subp>agraph 7,b74 7,c7 ,sav+s provisions ,! am5dm5ts made by ?is p>agraph %all n apply to-- 7i7 9 ! case ( ! repeal ( section #adjj;,a ( ! ,int]nal ,rev5ue ,code ( #aihf1 obligations describ$ 9 section #acid ( su* ,code 7z 9 effect be=e its repeal7 :i* 7 issu$ be=e ,janu>y #a1 #bjab1 7ii7 9 ! case ( ! repeal ( section #adjj;,b ( su* ,code1 ,,dc ,zone assets 7z def9$ 9 su* section1 z 9 effect be=e its repeal7 :i* 7 acquir$ by ! taxpay] be=e ,janu>y #a1 #bjab1 & 7iii7 9 ! case ( ! repeal ( section #adjj;,c ( su* ,code1 pr9cipal resid5ces acquir$ be=e ,janu>y #a1 #bjab4 7#d7 ,r5ewal community provisions 7,a7 ,9 g5]al ,*apt] #a is am5d$ by /rik+ sub*apt] ,x 7& by /rik+ ! item relat+ to su* sub*apt] 9 ! table ( sub*apt]s = su* *apt]74 7,b7 ,con=m+ am5dm5ts 7i7 7,i7 ,section #dfi7;i77#c7 is am5d$ by /rik+ subp>agraph 7,c7 & by r$esignat+ subp>agraphs 7,d71 7,e71 & 7,f7 z subp>agraphs 7,c71 7,d71 & 7,e71 respectively4 7,,ii7 ,section #dfi7;i77#c77;,d71 z s r$esignat$1 is am5d$ to read z foll[s3 7,d7 ,ord]+ rule ,p>agraph 7#a7 %all be appli$ = any taxable ye>-- 7i7 fir/1 to ! passive activity loss1 7ii7 second1 to ! portion ( ! passive activity cr$it to :i* subp>agraph 7,b7 & 7,c7 does n apply1 7iii7 ?ird1 to ! portion ( su* cr$it to :i* subp>agraph 7,b7 applies1 & 7iv7 !n1 to ! portion ( su* cr$it to :i* subp>agraph 7,c7 applies4 4 7,,iii7 ,section #dfi7;i77#f77;,b7 is am5d$-- 7aa7 by /rik+ 1 rehabilitation cr$it1 or comm]cial revitalization d$uction 9 ! head+ & ins]t+ or rehabilitation cr$it1 7bb7 by add+ or at ! end ( clause 7i71 7cc7 by /rik+ 1 or at ! end ( clause 7ii7 & ins]t+ a comma1 & 7dd7 by /rik+ clause 7iii74 7,,iv7 ,section #acig;,b7b77#a71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,b7 ,ref]5ces ,any ref]5ce 9 ?is p>agraph to section #adjj;,f %all be treat$ z ref]5ce to su* section be=e its repeal4 4 7,c7 ,sav+s provisions ,! am5dm5ts made by ?is p>agraph %all n apply to-- 7i7 9 ! case ( ! repeal ( section #adjj;,f ( ! ,int]nal ,rev5ue ,code ( #aihf1 qualifi$ community assets 7z def9$ 9 su* section1 z 9 effect be=e its repeal7 :i* 7 acquir$ by ! taxpay] be=e ,janu>y #a1 #bjaj1 7ii7 9 ! case ( ! repeal section #adjj;,h ( su* ,code1 wages paid or incurr$ be=e ,janu>y #a1 #bjaj1 7iii7 9 ! case ( ! repeal ( section #adjj;,i ( su* ,code1 qualifi$ revitalization build+s 7z def9$ 9 su* section1 z 9 effect be=e its repeal7 :i* 7 plac$ 9 s]vice be=e ,janu>y #a1 #bjaj1 & 7iv7 9 ! case ( ! repeal ( section #adjj;,j ( su* ,code1 prop]ty acquir$ be=e ,janu>y #a1 #bjaj4 7#e7 ,%ort-t]m regional b5efits 7,a7 ,9 g5]al ,*apt] #a is am5d$ by /rik+ sub*apt] ,y 7& by /rik+ ! item relat+ to su* sub*apt] 9 ! table ( sub*apt]s = su* *apt]74 7,b7 ,con=m+ am5dm5ts 7i7 ,section #ch7;b71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by /rik+ p>agraphs 7#bf71 7#bg71 7#bh71 & 7#bi7 & by r$esignat+ p>agraphs 7#cj7 ?r\gh 7#ce7 z p>agraphs 7#bf7 ?r\gh 7#ca71 respectively4 7ii7 ,section #ch7;c77#b77;,a77ii77,,ii71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by /rik+ 1 ! ,new ,york ,lib]ty ,zone bus9ess employee cr$it14 7iii7 ,section #ch7;c7 is am5d$ by /rik+ p>agraph 7#c74 7iv7 ,section #ed7;c77#b7 is am5d$ by /rik+ section #adjj,n7l714 7v7 ,section #bhj;,c7a71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by /rik+ #acif7;a71 #adjj,p7b71 & #adjj,r & ins]t+ & #acif7;a74 7vi7 ,section #fjcc7;b77#ad7 is am5d$ by /rik+ includ+ ! am\nt & use ( qualifi$ contributions to :i* section #adjj,s7a7 applies14 7vii7 ,section #fjdi7;d77#h77;,a7 is am5d$-- 7,i7 by /rik+ or #adjj,n7l77#f71 & 7,,ii7 by /rik+ or #adjj,n7l77#b77;,d71 z ! case may be4 7,c7 ,sav+s provisions ,! am5dm5ts made by ?is p>agraph %all n apply to-- 7i7 9 ! case ( ! repeal ( section #adjj,l7a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 qualifi$ wages 7z def9$ 9 su* section1 z 9 effect be=e its repeal7 :i* 7 paid or incurr$ be=e ,janu>y #a1 #bjjd1 7ii7 9 ! case ( ! repeal ( subsections 7b7 & 7f7 ( section #adjj,l ( su* ,code1 qualifi$ ,new ,york ,lib]ty ,zone prop]ty 7z def9$ 9 section #adjj,l7b7 ( su* ,code1 z 9 effect be=e its repeal7 plac$ 9 s]vice be=e ,janu>y #a1 #bjaj1 7iii7 9 ! case ( ! repeal ( section #adjj,l7c7 ( su* ,code1 qualifi$ ,new ,york ,lib]ty ,zone leasehold improvem5t prop]ty 7z def9$ 9 su* section1 z 9 effect be=e its repeal7 plac$ 9 s]vice be=e ,janu>y #a1 #bjjg1 7iv7 9 ! case ( ! repeal ( section #adjj,l7d7 ( su* ,code1 qualifi$ ,new ,york ,lib]ty bonds 7z def9$ 9 su* section1 z 9 effect be=e its repeal7 issu$ be=e ,janu>y #a1 #bjad1 7v7 9 ! case ( ! repeal ( section #adjj,l7e7 ( su* ,code1 advanc$ refund+s be=e ,janu>y #a1 #bjjf1 7vi7 9 ! case ( ! repeal ( section #adjj,l7g7 ( su* ,code1 prop]ty :i* is compulsorily or involunt>ily conv]t$ z a result ( ! t]rori/ attacks on ,septemb] #aa1 #bjja1 7vii7 9 ! case ( ! repeal ( section #adjj,n7a7 ( su* ,code1 obligations issu$ be=e ,janu>y #a1 #bjab1 7viii7 9 ! case ( ! repeal ( section #adjj,n7b7 ( su* ,code1 advanc$ refund+s be=e ,janu>y #a1 #bjaa1 7ix7 9 ! case ( ! repeal ( section #adjj,n7d7 ( su* ,code1 prop]ty plac$ 9 s]vice be=e ,janu>y #a1 #bjab1 7x7 9 ! case ( ! repeal ( section #adjj,n7e7 ( su* ,code1 prop]ty plac$ 9 s]vice be=e ,janu>y #a1 #bjji1 7xi7 9 ! case ( ! repeal ( subsections 7f7 & 7g7 ( section #adjj,n ( su* ,code1 am\nts paid or incurr$ be=e ,janu>y #a1 #bjjh1 7xii7 9 ! case ( ! repeal ( section #adjj,n7h7 ( su* ,code1 am\nts paid or incurr$ be=e ,janu>y #a1 #bjab1 7xiii7 9 ! case ( ! repeal ( section #adjj,n7k77#a77;,b7 ( su* ,code1 losses aris+ 9 taxable ye>s beg9n+ be=e ,janu>y #a1 #bjjh1 7xiv7 9 ! case ( ! repeal ( section #adjj,n7l7 ( su* ,code1 bonds issu$ be=e ,janu>y #a1 #bjjg1 7xv7 9 ! case ( ! repeal ( section #adjj,q7a7 ( su* ,code1 di/ributions be=e ,janu>y #a1 #bjjg1 7xvi7 9 ! case ( ! repeal ( section #adjj,q7b7 ( su* ,code1 contributions be=e ,m>* #a1 #bjjf1 7xvii7 9 ! case ( ! repeal ( section #adjj,q7c7 ( su* ,code1 loans made be=e ,janu>y #a1 #bjjg1 7xviii7 9 ! case ( ! repeal ( section #adjj,r ( su* ,code1 wages paid or incurr$ be=e ,janu>y #a1 #bjjf1 7xix7 9 ! case ( ! repeal ( section #adjj,s7a7 ( su* ,code1 contributions paid be=e ,janu>y #a1 #bjjf1 7xx7 9 ! case ( ! repeal ( section #adjj,t ( su* ,code1 f9anc+ provid$ be=e ,janu>y #a1 #bjaa1 & 7xxi7 9 ! case ( ! repeal ( "p ,,iii ( sub*apt] ,y ( *apt] #a ( su* ,code1 obligations issu$ be=e ,janu>y #a1 #bjaa4 7#f7 ,provisions relat$ to ,,cobra premium assi/ance 7,a7 ,9 g5]al ,sub*apt] ,b ( *apt] #fe is am5d$ by /rik+ section #fdcb 7& by /rik+ ! item relat+ to su* section 9 ! table ( sections = su* sub*apt]74 7,b7 ,notification requirem5t ,"p ,i ( sub*apt] ,b ( *apt] #fh is am5d$ by /rik+ section #fgbj;,c 7& by /rik+ ! item relat+ to su* section 9 ! table ( sections = su* "p74 7,c7 ,exclusion f gross income ,"p ,,iii ( sub*apt] ,b ( *apt] #a is am5d$ by /rik+ section #aci;,c 7& by /rik+ ! item relat+ to su* section 9 ! table ( sections = su* "p74 7e7 ,g5]al sav+s provision ) respect to deadwood provisions ,if-- 7#a7 any provision am5d$ or repeal$ by ! am5dm5ts made by subsection 7b7 or 7d7 appli$ to-- 7,a7 any transaction occurr+ be=e ! date ( ! enactm5t ( ?is ,act1 7,b7 any prop]ty acquir$ be=e su* date ( enactm5t1 or 7,c7 any item ( income1 loss1 d$uction1 or cr$it tak5 into acc\nt be=e su* date ( enactm5t1 & 7#b7 ! treatm5t ( su* transaction1 prop]ty1 or item "u su* provision w\ld 7)\t reg>d to ! am5dm5ts or repeals made by su* subsection7 affect ! liability = tax = p]iods end+ aft] su* date ( enactm5t1 no?+ 9 ! am5dm5ts or repeals made by ?is section %all be con/ru$ to affect ! treatm5t ( su* transaction1 prop]ty1 or item = purposes ( det]m9+ liability = tax = p]iods end+ aft] su* date ( enactm5t4