,,ii ,calendar ,no4 #aih #aadth ,,congress #ast ,session ,s4 #aidf ,report ,no4 #aad-aah ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,august #e1 #bjae,mr4 ,hatch1 from the ,committee on ,finance1 reported the following original bill2 which was read twice and placed on the calendar ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to extend certain expiring provisions1 and for other purposes4 #a4 ,short title1 etc 7a7 ,short title ,this ,act may be cited as the ,tax ,relief ,extension ,act of #bjae4 7b7 ,amendment of #aihf ,code ,except as otherwise expressly provided1 whenever in this ,act an amendment or repeal is expressed in terms of an amendment to1 or repeal of1 a section or other provision1 the reference shall be considered to be made to a section or other provision of the ,internal ,revenue ,code of #aihf4 7c7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title1 etc4 ,sec4 #b4 ,sense of the ,senate4 ,,title ,i--,provisions that expired in #bjad ,subtitle ,a--,individual tax extenders ,sec4 #aja4 ,extension and modification of deduction for certain expenses of elementary and secondary school teachers4 ,sec4 #ajb4 ,extension and modification of exclusion from gross income of discharge of qualified principal residence indebtedness4 ,sec4 #ajc4 ,extension of parity and modification of exclusion from income for employer-provided mass transit and parking benefits4 ,sec4 #ajd4 ,extension of mortgage insurance premiums treated as qualified residence interest4 ,sec4 #aje4 ,extension of deduction of ,state and local general sales taxes4 ,sec4 #ajf4 ,extension of special rule for contributions of capital gain real property made for conservation purposes4 ,sec4 #ajg4 ,extension of above-the-line deduction for qualified tuition and related expenses4 ,sec4 #ajh4 ,extension of tax-free distributions from individual retirement plans for charitable purposes4 ,subtitle ,b--,business tax extenders ,sec4 #aaa4 ,extension and modification of research credit4 ,sec4 #aab4 ,extension and modification of temporary minimum low-income housing tax credit rate for non-federally subsidized buildings4 ,sec4 #aac4 ,extension of military housing allowance exclusion for determining whether a tenant in certain counties is low-income4 ,sec4 #aad4 ,extension of ,indian employment tax credit4 ,sec4 #aae4 ,extension and modification of new markets tax credit4 ,sec4 #aaf4 ,extension and modification of railroad track maintenance credit4 ,sec4 #aag4 ,extension of mine rescue team training credit4 ,sec4 #aah4 ,extension and modification of employer wage credit for employees who are active duty members of the uniformed services4 ,sec4 #aai4 ,extension and modification of work opportunity tax credit4 ,sec4 #abj4 ,extension and modification of qualified zone academy bonds4 ,sec4 #aba4 ,extension of classification of certain race horses as #c-year property4 ,sec4 #abb4 ,extension of #ae-year straight-line cost recovery for qualified leasehold improvements1 qualified restaurant buildings and improvements1 and qualified retail improvements4 ,sec4 #abc4 ,extension of #g-year recovery period for motorsports entertainment complexes4 ,sec4 #abd4 ,extension and modification of accelerated depreciation for business property on an ,indian reservation4 ,sec4 #abe4 ,extension of bonus depreciation4 ,sec4 #abf4 ,extension of enhanced charitable deduction for contributions of food inventory4 ,sec4 #abg4 ,extension and modification of increased expensing limitations and treatment of certain real property as section #agi property4 ,sec4 #abh4 ,extension of election to expense mine safety equipment4 ,sec4 #abi4 ,extension of special expensing rules for certain film and television productions2 special expensing for live theatrical productions4 ,sec4 #acj4 ,extension of deduction allowable with respect to income attributable to domestic production activities in ,puerto ,rico4 ,sec4 #aca4 ,extension of modification of tax treatment of certain payments to controlling exempt organizations4 ,sec4 #acb4 ,extension of treatment of certain dividends of regulated investment companies4 ,sec4 #acc4 ,extension of ,,ric qualified investment entity treatment under ,,firpta4 ,sec4 #acd4 ,extension of subpart ,f exception for active financing income4 ,sec4 #ace4 ,extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules4 ,sec4 #acf4 ,extension of temporary exclusion of #ajj percent of gain on certain small business stock4 ,sec4 #acg4 ,extension of basis adjustment to stock of ,s corporations making charitable contributions of property4 ,sec4 #ach4 ,extension of reduction in ,s-corporation recognition period for built-in gains tax4 ,sec4 #aci4 ,extension and modification of empowerment zone tax incentives4 ,sec4 #adj4 ,extension of temporary increase in limit on cover over of rum excise taxes to ,puerto ,rico and the ,virgin ,islands4 ,sec4 #ada4 ,extension of ,american ,samoa economic development credit4 ,subtitle ,c--,energy tax extenders ,sec4 #aea4 ,extension and modification of credit for nonbusiness energy property4 ,sec4 #aeb4 ,extension of credit for new qualified fuel cell motor vehicles4 ,sec4 #aec4 ,extension of credit for alternative fuel vehicle refueling property4 ,sec4 #aed4 ,extension of second generation biofuel producer credit4 ,sec4 #aee4 ,extension and reform of biodiesel tax incentives4 ,sec4 #aef4 ,extension of production credit for ,indian coal facilities placed in service before #bjji4 ,sec4 #aeg4 ,extension of credits with respect to facilities producing energy from certain renewable resources4 ,sec4 #aeh4 ,extension of credit for energy-efficient new homes4 ,sec4 #aei4 ,extension of special allowance for second generation biofuel plant property4 ,sec4 #afj4 ,extension and modification of energy efficient commercial buildings deduction4 ,sec4 #afa4 ,extension of special rule for sales or dispositions to implement ,,ferc or ,state electric restructuring policy for qualified electric utilities4 ,sec4 #afb4 ,extension of excise tax credits relating to alternative fuels4 ,,title ,,ii--,provision that expired in #bjac ,sec4 #bja4 ,extension of credit for #b-wheeled plug-in electric vehicles4 ,,title ,,iii--,revenue provisions ,sec4 #cja4 ,exclusion from gross income of certain clean coal power grants to non-corporate taxpayers4 ,sec4 #cjb4 ,treatment of certain persons as employers with respect to motion picture projects4 ,sec4 #cjc4 ,equalization of excise tax and credits with respect to liquefied petroleum gas and liquefied natural gas4 ,sec4 #cjd4 ,additional information on returns relating to mortgage interest4 ,,title ,,iv--,budgetary effects ,sec4 #dja4 ,budgetary effects4 #b4 ,sense of the ,senate ,it is the sense of the ,senate that-- 7#a7 ,congress should pursue a process of comprehensive tax reform2 7#b7 ,congress should endeavor1 as part of such tax reform process1 to eliminate temporary provisions from the ,internal ,revenue ,code of #aihf by making permanent those provisions that merit permanency and allowing others to expire2 and 7#c7 a major focus of such tax reform process should be fostering economic growth and lowering tax rates by broadening the tax base4 ,i ,provisions that expired in #bjad ,a ,individual tax extenders #aja4 ,extension and modification of deduction for certain expenses of elementary and secondary school teachers 7a7 ,in general ,subparagraph 7,d7 of section #fb7;a77#b7 is amended by striking or #bjad and inserting #bjad1 #bjae1 or #bjaf4 7b7 ,adjustment for inflation ,subparagraph 7,d7 of section #fb7;a77#b71 as amended by subsection 7a71 is amended-- 7#a7 by striking teachers4--,in the case of and inserting 8teachers4-- 7i7 ,in general ,in the case of 1 and 7#b7 by adding at the end the following new clause3 7ii7 ,adjustment for inflation ,in the case of any taxable year beginning after #bjad1 the #bej amount in clause 7i7 shall be increased by an amount equal to-- 7,i7 such dollar amount1 multiplied by 7,,ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 ,if any amount as increased under the preceding sentence is not a multiple of #be1 such amount shall be rounded to the nearest multiple of #be4 4 7c7 ,inclusion of professional development expenses ,clause 7i7 of section #fb7;a77#b77;,d71 as amended by subsections 7a7 and 7b71 is amended by striking the period at the end and inserting 1 and in connection with professional development activities of such educator44 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #ajb4 ,extension and modification of exclusion from gross income of discharge of qualified principal residence indebtedness 7a7 ,extension ,subparagraph 7,e7 of section #ajh7;a77#a7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,modification ,subparagraph 7,e7 of section #ajh7;a77#a71 as amended by subsection 7a71 is amended by striking discharged before and all that follows and inserting 8discharged-- 7i7 before ,january #a1 #bjag1 or 7ii7 subject to an arrangement that is entered into and evidenced in writing before ,january #a1 #bjag4 4 7c7 ,effective date ,the amendments made by this section shall apply to discharges of indebtedness after ,december #ca1 #bjad4 #ajc4 ,extension of parity and modification of exclusion from income for employer-provided mass transit and parking benefits 7a7 ,extension 7#a7 ,in general ,paragraph 7#b7 of section #acb7;f7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7#b7 ,effective date ,the amendment made by this subsection shall apply to months after ,december #ca1 #bjad4 7b7 ,use of a bike share program as a qualified transportation fringe 7#a7 ,in general ,section #acb7;f77#e77;,f7 is amended-- 7,a7 in clause 7i71 by striking repair1 and storage1 if such bicycle and inserting repair1 and storage 7or use of a bike sharing program1 in the case of taxable years beginning before ,january #a1 #bjag71 if such bicycle or bike sharing program1 and 7,b7 in clause 7iii77,i71 by inserting or bike sharing program after bicycle4 7#b7 ,effective date ,the amendments made by this subsection shall apply to months after ,december #ca1 #bjad4 #ajd4 ,extension of mortgage insurance premiums treated as qualified residence interest 7a7 ,in general ,subclause 7,i7 of section #afc7;h77#c77;,e77iv7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to amounts paid or accrued after ,december #ca1 #bjad4 #aje4 ,extension of deduction of ,state and local general sales taxes 7a7 ,in general ,subparagraph 7,i7 of section #afd7;b77#e7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #ajf4 ,extension of special rule for contributions of capital gain real property made for conservation purposes 7a7 ,in general ,clause 7vi7 of section #agj7;b77#a77;,e7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,contributions by certain corporate farmers and ranchers ,clause 7iii7 of section #agj7;b77#b77;,b7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7c7 ,effective date ,the amendments made by this section shall apply to contributions made in taxable years beginning after ,december #ca1 #bjad4 #ajg4 ,extension of above-the-line deduction for qualified tuition and related expenses 7a7 ,in general ,subsection 7e7 of section #bbb is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #ajh4 ,extension of tax-free distributions from individual retirement plans for charitable purposes 7a7 ,in general ,subparagraph 7,f7 of section #djh7;d77#h7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to distributions made in taxable years beginning after ,december #ca1 #bjad4 ,b ,business tax extenders #aaa4 ,extension and modification of research credit 7a7 ,extension 7#a7 ,in general ,paragraph 7#a7 of section #da7;h7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7#b7 ,effective date ,the amendment made by this subsection shall apply to amounts paid or incurred after ,december #ca1 #bjad4 7b7 ,treatment of research credit for certain startup companies 7#a7 ,in general ,section #da is amended by adding at the end the following new subsection3 7i7 ,treatment of credit for qualified small businesses 7#a7 ,in general ,at the election of a qualified small business for any taxable year1 section #caaa7;f7 shall apply to the payroll tax credit portion of the credit otherwise determined under subsection 7a7 for the taxable year and such portion shall not be treated 7other than for purposes of section #bhj;,c7 as a credit determined under subsection 7a74 7#b7 ,payroll tax credit portion ,for purposes of this subsection1 the payroll tax credit portion of the credit determined under subsection 7a7 with respect to any qualified small business for any taxable year is the least of-- 7,a7 the amount specified in the election made under this subsection1 7,b7 the credit determined under subsection 7a7 for the taxable year 7determined before the application of this subsection71 or 7,c7 in the case of a qualified small business other than a partnership or ,s corporation1 the amount of the business credit carryforward under section #ci carried from the taxable year 7determined before the application of this subsection to the taxable year74 7#c7 ,qualified small business ,for purposes of this subsection-- 7,a7 ,in general ,the term qualified small business means1 with respect to any taxable year-- 7i7 a corporation or partnership1 if-- 7,i7 the gross receipts 7as determined under the rules of section #ddh7;c77#c71 without regard to subparagraph 7,a7 thereof7 of such entity for the taxable year is less than #e1jjj1jjj1 and 7,,ii7 such entity did not have gross receipts 7as so determined7 for any taxable year preceding the #e-taxable-year period ending with such taxable year1 and 7ii7 any person 7other than a corporation or partnership7 who meets the requirements of subclauses 7,i7 and 7,,ii7 of clause 7i71 determined-- 7,i7 by substituting person for entity each place it appears1 and 7,,ii7 by only taking into account the aggregate gross receipts received by such person in carrying on all trades or businesses of such person4 7,b7 ,limitation ,such term shall not include an organization which is exempt from taxation under section #eja4 7#d7 ,election 7,a7 ,in general ,any election under this subsection for any taxable year-- 7i7 shall specify the amount of the credit to which such election applies1 7ii7 shall be made on or before the due date 7including extensions7 of-- 7,i7 in the case of a qualified small business which is a partnership1 the return required to be filed under section #fjca1 7,,ii7 in the case of a qualified small business which is an ,s corporation1 the return required to be filed under section #fjcg1 and 7,,iii7 in the case of any other qualified small business1 the return of tax for the taxable year1 and 7iii7 may be revoked only with the consent of the ,secretary4 7,b7 ,limitations 7i7 ,amount ,the amount specified in any election made under this subsection shall not exceed #bej1jjj4 7ii7 ,number of taxable years ,a person may not make an election under this subsection if such person 7or any other person treated as a single taxpayer with such person under paragraph 7#e77;,a77 has made an election under this subsection for #e or more preceding taxable years4 7,c7 ,special rule for partnerships and ,s corporations ,in the case of a qualified small business which is a partnership or ,s corporation1 the election made under this subsection shall be made at the entity level4 7#e7 ,aggregation rules 7,a7 ,in general ,except as provided in subparagraph 7,b71 all persons or entities treated as a single taxpayer under subsection 7f77#a7 shall be treated as a single taxpayer for purposes of this subsection4 7,b7 ,special rules ,for purposes of this subsection and section #caaa7;f7-- 7i7 each of the persons treated as a single taxpayer under subparagraph 7,a7 may separately make the election under paragraph 7#a7 for any taxable year1 and 7ii7 the #bej1jjj amount under paragraph 7#d77;,b77i7 shall be allocated among all persons treated as a single taxpayer under subparagraph 7,a7 in the same manner as under subparagraph 7,a77ii7 or 7,b77ii7 of subsection 7f77#a71 whichever is applicable4 7#f7 ,regulations ,the ,secretary shall prescribe such regulations as may be necessary to carry out the purposes of this subsection1 including-- 7,a7 regulations to prevent the avoidance of the purposes of the limitations and aggregation rules under this subsection through the use of successor companies or other means1 7,b7 regulations to minimize compliance and record-keeping burdens under this subsection1 and 7,c7 regulations for recapturing the benefit of credits determined under section #caaa7;f7 in cases where there is a subsequent adjustment to the payroll tax credit portion of the credit determined under subsection 7a71 including requiring amended income tax returns in the cases where there is such an adjustment4 4 7#b7 ,credit allowed against ,,fica taxes ,section #caaa is amended by adding at the end the following new subsection3 7f7 ,credit for research expenditures of qualified small businesses 7#a7 ,in general ,in the case of a taxpayer who has made an election under section #da7;i7 for a taxable year1 there shall be allowed as a credit against the tax imposed by subsection 7a7 for the first calendar quarter which begins after the date on which the taxpayer files the return specified in section #da7;i77#d77;,a77ii7 an amount equal to the payroll tax credit portion determined under section #da7;i77#b74 7#b7 ,limitation ,the credit allowed by paragraph 7#a7 shall not exceed the tax imposed by subsection 7a7 for any calendar quarter on the wages paid with respect to the employment of all individuals in the employ of the employer4 7#c7 ,carryover of unused credit ,if the amount of the credit under paragraph 7#a7 exceeds the limitation of paragraph 7#b7 for any calendar quarter1 such excess shall be carried to the succeeding calendar quarter and allowed as a credit under paragraph 7#a7 for such quarter4 7#d7 ,deduction allowed for credited amounts ,the credit allowed under paragraph 7#a7 shall not be taken into account for purposes of determining the amount of any deduction allowed under chapter #a for taxes imposed under subsection 7a74 4 7#c7 ,effective date ,the amendments made by this subsection shall apply to credits determined for taxable years beginning after ,december #ca1 #bjad4 7c7 ,credit allowed against alternative minimum tax 7#a7 ,in general ,subparagraph 7,b7 of section #ch7;c77#d7 is amended-- 7,a7 by redesignating clauses 7ii71 7iii71 7iv71 7v71 7vi71 7vii71 7viii71 and 7ix7 as clauses 7iii71 7iv71 7v71 7vi71 7vii71 7viii71 7ix71 and 7x71 respectively1 and 7,b7 by inserting after clause 7i7 the following new clause3 7ii7 the credit determined under section #da with respect to an eligible small business 7as defined in paragraph 7#e77;,c71 after application of rules similar to the rules of paragraph 7#e77;,d771 4 7#b7 ,effective date ,the amendments made by this subsection shall apply to credits determined for taxable years beginning after ,december #ca1 #bjad1 and to carrybacks of such credits4 #aab4 ,extension and modification of temporary minimum low-income housing tax credit rate for non-federally subsidized buildings 7a7 ,in general ,subparagraph 7,a7 of section #db7;b77#b7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,temporary minimum credit rate for non-federally subsidized existing buildings ,subsection 7b7 of section #db is amended by redesignating paragraph 7#c7 as paragraph 7#d7 and by inserting after paragraph 7#b7 the following new paragraph3 7#c7 ,temporary minimum credit rate for non-federally subsidized existing buildings ,in the case of any existing building-- 7,a7 which is placed in service by the taxpayer after the date of the enactment of the ,tax ,relief ,extension ,act of #bjae with respect to housing credit dollar amount allocations made before ,january #a1 #bjag1 and 7,b7 which is not federally subsidized for the taxable year1 the applicable percentage shall not be less than #d percent4 4 7c7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjae4 #aac4 ,extension of military housing allowance exclusion for determining whether a tenant in certain counties is low-income 7a7 ,in general ,subsection 7b7 of section #cjje of the ,housing ,assistance ,tax ,act of #bjjh is amended by striking ,january #a1 #bjae each place it appears and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendments made by this section shall take effect as if included in the enactment of section #cjje of the ,housing ,assistance ,tax ,act of #bjjh4 #aad4 ,extension of ,indian employment tax credit 7a7 ,in general ,subsection 7f7 of section #de;,a is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #aae4 ,extension and modification of new markets tax credit 7a7 ,in general ,paragraph 7#a7 of section #de;,d7f7 is amended by striking the period at the end of subparagraph 7,g7 and inserting 1 and and by adding at the end the following new subparagraph3 7,h7 #c1idj1jjj1jjj for #bjae and #bjaf4 4 7b7 ,carryover of unused limitation ,paragraph 7#c7 of section #de;,d7f7 is amended by striking #bjai and inserting #bjba4 7c7 ,effective date ,the amendments made by this section shall apply to calendar years beginning after ,december #ca1 #bjad4 #aaf4 ,extension and modification of railroad track maintenance credit 7a7 ,in general ,subsection 7f7 of section #de;,g is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,expenditures ,subsection 7d7 of section #de;,g is amended by striking ,january #a1 #bjje1 and inserting ,january #a1 #bjae 7,january #a1 #bjje1 in the case of expenditures in taxable years beginning after ,december #ca1 #bjjd1 and before ,january #a1 #bjae74 7c7 ,effective date ,the amendments made by this section shall apply to expenditures paid or incurred in taxable years beginning after ,december #ca1 #bjad4 #aag4 ,extension of mine rescue team training credit 7a7 ,in general ,subsection 7e7 of section #de,n is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #aah4 ,extension and modification of employer wage credit for employees who are active duty members of the uniformed services 7a7 ,in general ,subsection 7f7 of section #de,p is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,applicability to all employers 7#a7 ,in general ,subsection 7a7 of section #de,p is amended by striking 1 in the case of an eligible small business employer4 7#b7 ,conforming amendment ,paragraph 7#c7 of section #de,p7b7 is amended to read as follows3 7#c7 ,controlled groups ,all persons treated as a single employer under subsection 7b71 7c71 7m71 or 7o7 of section #dad shall be treated as a single employer4 4 7c7 ,expansion to #ajj percent of eligible differential wage payments ,subsection 7a7 of section #de,p is amended by striking #bj percent of the sum and inserting the sum4 7d7 ,effective date ,the amendments made by this section shall apply to payments made after ,december #ca1 #bjad4 #aai4 ,extension and modification of work opportunity tax credit 7a7 ,in general ,paragraph 7#d7 of section #ea7;c7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,credit for hiring long-term unemployment recipients 7#a7 ,in general ,paragraph 7#a7 of section #ea7;d7 is amended by striking or at the end of subparagraph 7,h71 by striking the period at the end of subparagraph 7,i7 and inserting 1 or1 and by adding at the end the following new subparagraph3 7,j7 a qualified long-term unemployment recipient4 4 7#b7 ,qualified long-term unemployment recipient ,subsection 7d7 of section #ea is amended by adding at the end the following new paragraph3 7#ae7 ,qualified long-term unemployment recipient ,the term qualified long-term unemployment recipient means any individual who is certified by the designated local agency as being in a period of unemployment which-- 7,a7 is not less than #bg consecutive weeks1 and 7,b7 includes a period in which the individual was receiving unemployment compensation under ,state or ,federal law4 4 7c7 ,effective date ,the amendments made by this section shall apply to individuals who begin work for the employer after ,december #ca1 #bjad4 #abj4 ,extension and modification of qualified zone academy bonds 7a7 ,extension ,paragraph 7#a7 of section #ed;,e7c7 is amended by striking and #bjad and inserting #bjad1 #bjae1 and #bjaf4 7b7 ,reduction of private business contribution requirement ,subsection 7b7 of section #ed;,e is amended by striking #aj percent and inserting #e percent4 7c7 ,effective date ,the amendments made by this section shall apply to obligations issued after ,december #ca1 #bjad4 #aba4 ,extension of classification of certain race horses as #c-year property 7a7 ,in general ,clause 7i7 of section #afh7;e77#c77;,a7 is amended-- 7#a7 by striking ,january #a1 #bjae in subclause 7,i7 and inserting ,january #a1 #bjag1 and 7#b7 by striking ,december #ca1 #bjad in subclause 7,,ii7 and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #abb4 ,extension of #ae-year straight-line cost recovery for qualified leasehold improvements1 qualified restaurant buildings and improvements1 and qualified retail improvements 7a7 ,in general ,clauses 7iv71 7v71 and 7ix7 of section #afh7;e77#c77;,e7 are each amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #abc4 ,extension of #g-year recovery period for motorsports entertainment complexes 7a7 ,in general ,subparagraph 7,d7 of section #afh7;i77#ae7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #abd4 ,extension and modification of accelerated depreciation for business property on an ,indian reservation 7a7 ,in general ,paragraph 7#h7 of section #afh7;j7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,election to have special rules not apply ,subsection 7j7 of section #afh is amended by redesignating paragraph 7#h71 as amended by subsection 7a71 as paragraph 7#i71 and by inserting after paragraph 7#g7 the following new paragraph3 7#h7 ,election out ,if a taxpayer makes an election under this paragraph with respect to any class of property for any taxable year1 this subsection shall not apply to all property in such class placed in service during such taxable year4 ,such election1 once made1 shall be irrevocable4 4 7c7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #abe4 ,extension of bonus depreciation 7a7 ,in general ,paragraph 7#b7 of section #afh7k7 is amended-- 7#a7 by striking ,january #a1 #bjaf in subparagraph 7,a77iv7 and inserting ,january #a1 #bjah1 and 7#b7 by striking ,january #a1 #bjae each place it appears and inserting ,january #a1 #bjag4 7b7 ,special rule for ,federal long-,term contracts ,clause 7ii7 of section #dfj7;c77#f77;,b7 is amended by striking ,january #a1 #bjae 7,january #a1 #bjaf and inserting ,january #a1 #bjag 7,january #a1 #bjah4 7c7 ,extension of election ,to accelerate the ,,amt credit in lieu of bonus depreciation 7#a7 ,in general ,subclause 7,,ii7 of section #afh7k77#d77;,d77iii7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7#b7 ,round #e extension property ,paragraph 7#d7 of section #afh7k7 is amended by adding at the end the following new subparagraph3 7,l7 ,special rules for round #e extension property 7i7 ,in general ,in the case of round #e extension property1 in applying this paragraph to any taxpayer-- 7,i7 the limitation described in subparagraph 7,b77i7 and the business credit increase amount under subparagraph 7,e77iii7 thereof shall not apply1 and 7,,ii7 the bonus depreciation amount1 maximum amount1 and maximum increase amount shall be computed separately from amounts computed with respect to eligible qualified property which is not round #e extension property4 7ii7 ,election 7,i7 ,a taxpayer who has an election in effect under this paragraph for round #d extension property shall be treated as having an election in effect for round #e extension property unless the taxpayer elects to not have this paragraph apply to round #e extension property4 7,,ii7 ,a taxpayer who does not have an election in effect under this paragraph for round #d extension property may elect to have this paragraph apply to round #e extension property4 7iii7 ,round #e extension property ,for purposes of this subparagraph1 the term round #e extension property means property which is eligible qualified property solely by reason of the extension of the application of the special allowance under paragraph 7#a7 pursuant to the amendments made by section #abe7;a7 of the ,tax ,relief ,extension ,act of #bjae 7and the application of such extension to this paragraph pursuant to the amendment made by section #abe7;c7 of such ,act74 4 7d7 ,conforming amendments 7#a7 ,the heading for subsection 7k7 of section #afh is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7#b7 ,the heading for clause 7ii7 of section #afh7k77#b77;,b7 is amended by striking pre-,january #a1 #bjae and inserting pre-,january #a1 #bjag4 7#c7 ,subparagraph 7,c7 of section #afh7n77#b7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7#d7 ,subparagraph 7,d7 of section #adjj,l7b77#b7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7#e7 ,subparagraph 7,b7 of section #adjj,n7d77#c7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7e7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjad1 in taxable years ending after such date4 #abf4 ,extension of enhanced charitable deduction for contributions of food inventory 7a7 ,in general ,clause 7iv7 of section #agj7;e77#c77;,c7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to contributions made after ,december #ca1 #bjad4 #abg4 ,extension and modification of increased expensing limitations and treatment of certain real property as section #agi property 7a7 ,in general 7#a7 ,dollar limitation ,section #agi7;b77#a7 is amended-- 7,a7 by striking #bjae in subparagraph 7,b7 and inserting #bjag1 and 7,b7 by striking #bjad in subparagraph 7,c7 and inserting #bjaf4 7#b7 ,reduction in limitation ,section #agi7;b77#b7 is amended-- 7,a7 by striking #bjae in subparagraph 7,b7 and inserting #bjag1 and 7,b7 by striking #bjad in subparagraph 7,c7 and inserting #bjaf4 7b7 ,computer software ,section #agi7;d77#a77;,a77ii7 is amended by striking #bjae and inserting #bjag4 7c7 ,election ,section #agi7;c77#b7 is amended by striking #bjae and inserting #bjag4 7d7 ,special rules for treatment of qualified real property 7#a7 ,in general ,section #agi7;f77#a7 is amended by striking #bjae and inserting #bjag4 7#b7 ,carryover limitation 7,a7 ,in general ,section #agi7;f77#d7 is amended by striking #bjad each place it appears and inserting #bjaf4 7,b7 ,conforming amendment ,the heading of subparagraph 7,c7 of section #agi7;f77#d7 is amended by striking and #bjac and inserting #bjac1 #bjad1 and #bjae4 7e7 ,adjustment for inflation ,subsection 7b7 of section #agi is amended by adding at the end the following new paragraph3 7#f7 ,inflation adjustment 7,a7 ,in general ,in the case of any taxable year beginning after #bjad1 the #ejj1jjj amount in paragraph 7#a77;,b7 and the #b1jjj1jjj amount in paragraph 7#b77;,b7 shall each be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7,b7 ,rounding 7i7 ,dollar limitation ,if the amount in paragraph 7#a77;,b7 as increased under subparagraph 7,a7 is not a multiple of #a1jjj1 such amount shall be rounded to the nearest multiple of #a1jjj4 7ii7 ,phaseout amount ,if the amount in paragraph 7#b77;,b7 as increased under subparagraph 7,a7 is not a multiple of #aj1jjj1 such amount shall be rounded to the nearest multiple of #aj1jjj4 4 7f7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #abh4 ,extension of election to expense mine safety equipment 7a7 ,in general ,subsection 7g7 of section #agi;,e is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #abi4 ,extension of special expensing rules for certain film and television productions2 special expensing for live theatrical productions 7a7 ,in general ,subsection 7f7 of section #aha is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,application to live productions 7#a7 ,in general ,paragraph 7#a7 of section #aha7;a7 is amended by inserting 1 and any qualified live theatrical production1 after any qualified film or television production4 7#b7 ,conforming amendments ,section #aha is amended-- 7,a7 by inserting or any qualified live theatrical production after qualified film or television production each place it appears in subsections 7a77#b71 7b71 and 7c77#a71 7,b7 by inserting or qualified live theatrical productions after qualified film or television productions in subsection 7f71 and 7,c7 by inserting and live theatrical after film and television in the heading4 7#c7 ,clerical amendment ,the item relating to section #aha in the table of sections for part ,,vi of subchapter ,b of chapter #a is amended to read as follows3 ,sec4 #aha4 ,treatment of certain qualified film and television and live theatrical productions4 4 7c7 ,qualified live theatrical production ,section #aha is amended-- 7#a7 by redesignating subsections 7e7 and 7f71 as amended by subsections 7a7 and 7b71 as subsections 7f7 and 7g71 respectively1 and 7#b7 by inserting after subsection 7d7 the following new subsection3 7e7 ,qualified live theatrical production ,for purposes of this section-- 7#a7 ,in general ,the term qualified live theatrical production means any production described in paragraph 7#b7 if #ge percent of the total compensation of the production is qualified compensation 7as defined in subsection 7d77#c774 7#b7 ,production 7,a7 ,in general ,a production is described in this paragraph if such production is a live staged production of a play 7with or without music7 which is derived from a written book or script and is produced or presented by a taxable entity in any venue which has an audience capacity of not more than #c1jjj or a series of venues the majority of which have an audience capacity of not more than #c1jjj4 7,b7 ,touring companies1 etc ,in the case of multiple live staged productions-- 7i7 for which the election under this section would be allowable to the same taxpayer1 and 7ii7 which are-- 7,i7 separate phases of a production1 or 7,,ii7 separate simultaneous stagings of the same production in different geographical locations 7not including multiple performance locations of any one touring production71 each such live staged production shall be treated as a separate production4 7,c7 ,phase ,for purposes of subparagraph 7,b71 the term phase with respect to any qualified live theatrical production refers to each of the following1 but only if each of the following is treated by the taxpayer as a separate activity for all purposes of this title3 7i7 ,the initial staging of a live theatrical production4 7ii7 ,subsequent additional stagings or touring of such production which are produced by the same producer as the initial staging4 7,d7 ,seasonal productions 7i7 ,in general ,in the case of a live staged production not described in subparagraph 7,b7 which is produced or presented by a taxable entity for not more than #aj weeks of the taxable year1 subparagraph 7,a7 shall be applied by substituting #f1ejj for #c1jjj4 7ii7 ,short taxable years ,for purposes of clause 7i71 in the case of any taxable year of less than #ab months1 the number of weeks for which a production is produced or presented shall be annualized by multiplying the number of weeks the production is produced or presented during such taxable year by #ab and dividing the result by the number of months in such taxable year4 7,e7 ,exception ,a production is not described in this paragraph if such production includes or consists of any performance of conduct described in section #bbeg7;h77#a7 of title #ah1 ,united ,states ,code4 4 7d7 ,effective dates 7#a7 ,in general ,the amendments made by this section shall apply to productions commencing after ,december #ca1 #bjad4 7#b7 ,commencement ,for purposes of paragraph 7#a71 the date on which a qualified live theatrical production commences is the date of the first public performance of such production for a paying audience4 #acj4 ,extension of deduction allowable with respect to income attributable to domestic production activities in ,puerto ,rico 7a7 ,in general ,subparagraph 7,c7 of section #aii7;d77#h7 is amended-- 7#a7 by striking first #i taxable years and inserting first #aa taxable years1 and 7#b7 by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #aca4 ,extension of modification of tax treatment of certain payments to controlling exempt organizations 7a7 ,in general ,clause 7iv7 of section #eab7;b77#ac77;,e7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to payments received or accrued after ,december #ca1 #bjad4 #acb4 ,extension of treatment of certain dividends of regulated investment companies 7a7 ,in general ,paragraphs 7#a77;,c77v7 and 7#b77;,c77v7 of section #hga7k7 are each amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #acc4 ,extension of ,,ric qualified investment entity treatment under ,,firpta 7a7 ,in general ,clause 7ii7 of section #hig7;h77#d77;,a7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date 7#a7 ,in general ,the amendment made by this section shall take effect on ,january #a1 #bjae4 ,notwithstanding the preceding sentence1 such amendment shall not apply with respect to the withholding requirement under section #adde of the ,internal ,revenue ,code of #aihf for any payment made before the date of the enactment of this ,act4 7#b7 ,amounts withheld on or before date of enactment ,in the case of a regulated investment company-- 7,a7 which makes a distribution after ,december #ca1 #bjad1 and before the date of the enactment of this ,act1 and 7,b7 which would 7but for the second sentence of paragraph 7#a77 have been required to withhold with respect to such distribution under section #adde of such ,code1 such investment company shall not be liable to any person to whom such distribution was made for any amount so withheld and paid over to the ,secretary of the ,treasury4 #acd4 ,extension of subpart ,f exception for active financing income 7a7 ,exempt insurance income ,paragraph 7#aj7 of section #iec7;e7 is amended-- 7#a7 by striking ,january #a1 #bjae and inserting ,january #a1 #bjag1 and 7#b7 by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,special rule for income derived in the active conduct of banking1 financing1 or similar businesses ,paragraph 7#i7 of section #ied7;h7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years of foreign corporations beginning after ,december #ca1 #bjad1 and to taxable years of ,united ,states shareholders with or within which any such taxable year of such foreign corporation ends4 #ace4 ,extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules 7a7 ,in general ,subparagraph 7,c7 of section #ied7;c77#f7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years of foreign corporations beginning after ,december #ca1 #bjad1 and to taxable years of ,united ,states shareholders with or within which such taxable years of foreign corporations end4 #acf4 ,extension of temporary exclusion of #ajj percent of gain on certain small business stock 7a7 ,in general ,paragraph 7#d7 of section #abjb7;a7 is amended-- 7#a7 by striking ,january #a1 #bjae and inserting ,january #a1 #bjag1 and 7#b7 by striking and #bjad in the heading and inserting #bjad1 #bjae1 and #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to stock acquired after ,december #ca1 #bjad4 #acg4 ,extension of basis adjustment to stock of ,s corporations making charitable contributions of property 7a7 ,in general ,paragraph 7#b7 of section #acfg7;a7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to contributions made in taxable years beginning after ,december #ca1 #bjad4 #ach4 ,extension of reduction in ,s-corporation recognition period for built-in gains tax 7a7 ,in general ,subparagraph 7,c7 of section #acgd7;d77#g7 is amended-- 7#a7 by striking or #bjad and inserting #bjad1 #bjae1 or #bjaf1 and 7#b7 by striking and #bjad in the heading and inserting #bjad1 #bjae1 and #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 #aci4 ,extension and modification of empowerment zone tax incentives 7a7 ,in general 7#a7 ,extension ,clause 7i7 of section #acia7;d77#a77;,a7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7#b7 ,treatment of certain termination dates specified in nominations ,in the case of a designation of an empowerment zone the nomination for which included a termination date which is contemporaneous with the date specified in subparagraph 7,a77i7 of section #acia7;d77#a7 of the ,internal ,revenue ,code of #aihf 7as in effect before the enactment of this ,act71 subparagraph 7,b7 of such section shall not apply with respect to such designation if1 after the date of the enactment of this section1 the entity which made such nomination amends the nomination to provide for a new termination date in such manner as the ,secretary of the ,treasury 7or the ,secretary's designee7 may provide4 7#c7 ,effective date ,the amendment made by this subsection shall apply to periods after ,december #ca1 #bjad4 7b7 ,modification ,clause 7i7 of section #acid7;b77#c77;,b7 is amended-- 7#a7 by striking ,references and inserting the following3 7,i7 ,in general ,except as provided in subclause 7,,ii71 references 1 and 7#b7 by adding at the end the following new subclause3 7,,ii7 ,special rule for employee residence test ,for purposes of subsection 7b77#f7 and 7c77#e7 of section #acig;,c1 an employee shall be treated as a resident of an empowerment zone if such employee is a resident of an empowerment zone1 an enterprise community1 or a qualified low-income community within an applicable nominating jurisdiction4 4 7c7 ,definitions 7#a7 ,qualified low-income community ,paragraph 7#c7 of section #acid7;b7 is amended by redesignating subparagraphs 7,c7 and 7,d7 as subparagraphs 7,d7 and 7,e71 respectively1 and by inserting after subparagraph 7,b7 the following new subparagraph3 7,c7 ,qualified low-income community ,for purposes of subparagraph 7,b7-- 7i7 ,in general ,the term qualified low-income community means any population census tract if-- 7,i7 the poverty rate for such tract is at least #bj percent1 or 7,,ii7 the median family income for such tract does not exceed #hj percent of statewide median family income 7or1 in the case of a tract located within a metropolitan area1 metropolitan area median family income if greater74 ,subclause 7,,ii7 shall be applied using possessionwide median family income in the case of census tracts located within a possession of the ,united ,states4 7ii7 ,targeted populations ,the ,secretary shall prescribe regulations under which #a or more targeted populations 7within the meaning of section #ajc7bj7 of the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid7 may be treated as qualified low-income communities4 7iii7 ,areas not within census tracts ,in the case of an area which is not tracted for population census tracts1 the equivalent county divisions 7as defined by the ,bureau of the ,census for purposes of defining poverty areas7 shall be used for purposes of determining poverty rates and median family income4 7iv7 ,modification of income requirement for census tracts within high migration rural counties 7,i7 ,in general ,in the case of a population census tract located within a high migration rural county1 clause 7i77,,ii7 shall be applied to areas not located within a metropolitan area by substituting #he percent for #hj percent4 7,,ii7 ,high migration rural county ,for purposes of this clause1 the term high migration rural county means any county which1 during the #bj-year period ending with the year in which the most recent census was conducted1 has a net out-migration of inhabitants from the county of at least #aj percent of the population of the county at the beginning of such period4 4 7#b7 ,applicable nominating jurisdiction ,subparagraph 7,d7 of section #acid7;b77#c71 as redesignated by paragraph 7#a71 is amended by adding at the end the following new clause3 7iii7 ,applicable nominating jurisdiction ,the term applicable nominating jurisdiction means1 with respect to any empowerment zone or enterprise community1 any local government that nominated such community for designation under section #acia4 4 7d7 ,conforming amendments 7#a7 ,clause 7iii7 of section #acid7;b77#c77;,b7 is amended by striking or an enterprise community and inserting 1 an enterprise community1 or a qualified low-income community within an applicable nominating jurisdiction4 7#b7 ,subparagraph 7,d7 of section #acid7;b77#c71 as redesignated by subsection 7c77#a71 is amended by striking ,definitions and inserting ,other definitions4 7e7 ,effective date ,the amendments made by subsections 7b71 7c71 and 7d7 shall apply to bonds issued before1 on1 or after the date of the enactment of this ,act and not redeemed before the date of the enactment of this ,act4 #adj4 ,extension of temporary increase in limit on cover over of rum excise taxes to ,puerto ,rico and the ,virgin ,islands 7a7 ,in general ,paragraph 7#a7 of section #gfeb7;f7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendment made by this section shall apply to distilled spirits brought into the ,united ,states after ,december #ca1 #bjad4 #ada4 ,extension of ,american ,samoa economic development credit 7a7 ,in general ,subsection 7d7 of section #aai of division ,a of the ,tax ,relief and ,health ,care ,act of #bjjf is amended-- 7#a7 by striking ,january #a1 #bjae each place it appears and inserting ,january #a1 #bjag1 7#b7 by striking first #i taxable years in paragraph 7#a7 and inserting first #aa taxable years1 and 7#c7 by striking first #c taxable years in paragraph 7#b7 and inserting first #e taxable years4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjad4 ,c ,energy tax extenders #aea4 ,extension and modification of credit for nonbusiness energy property 7a7 ,in general ,paragraph 7#b7 of section #be;,c7g7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,updated ,energy ,star requirements for windows1 doors1 skylights1 and roofing 7#a7 ,in general ,paragraph 7#a7 of section #be;,c7c7 is amended by striking which meets and all that follows through requirements74 7#b7 ,energy efficient building envelope component ,subsection 7c7 of section #be;,c is amended by redesignating paragraphs 7#b7 and 7#c7 as paragraphs 7#c7 and 7#d71 respectively1 and by inserting after paragraph 7#a7 the following new paragraph3 7#b7 ,energy efficient building envelope component ,the term energy efficient building envelope component means a building envelope component which meets-- 7,a7 applicable ,energy ,star program requirements1 in the case of a roof or roof products1 7,b7 version #f4j ,energy ,star program requirements1 in the case of an exterior window1 a skylight1 or an exterior door1 and 7,c7 the prescriptive criteria for such component established by the #bjji ,international ,energy ,conservation ,code1 as such ,code 7including supplements7 is in effect on the date of the enactment of the ,american ,recovery and ,reinvestment ,tax ,act of #bjji1 in the case of any other component4 4 7#c7 ,conforming amendment ,subparagraph 7,d7 of section #be;,c7c77#c71 as so redesignated1 is amended to read as follows3 7,d7 any roof or roof products which are installed on a dwelling unit and are specifically and primarily designed to reduce the heat gain of such dwelling unit4 4 7c7 ,separate standards for tankless and storage water heaters 7#a7 ,in general ,subparagraph 7,d7 of section #be;,c7d77#c7 is amended by striking which has either and all that follows and inserting 8which has either-- 7i7 in the case of a storage water heater1 an energy factor of at least #j4hj or a thermal efficiency of at least #ij percent1 and 7ii7 in the case of any other water heater1 an energy factor of at least #j4ij or a thermal efficiency of at least #ij percent1 and 4 7#b7 ,storage water heaters ,paragraph 7#c7 of section #be;,c7d7 is amended by adding at the end the following flush sentence3 ,for purposes of subparagraph 7,d77i71 the term storage water heater means a water heater that has a water storage capacity of more than #bj gallons but not more than #ee gallons4 4 7d7 ,modification of testing standards for biomass stoves ,subparagraph 7,e7 of section #be;,c7d77#c7 is amended by inserting before the period the following3 1 when tested using the higher heating value of the fuel and in accordance with the ,canadian ,standards ,administration ,b#dae4a test protocol4 7e7 ,separate standard for oil hot water boilers ,paragraph 7#d7 of section #be;,c7d7 is amended by striking #ie and inserting #ie 7#ij in the case of an oil hot water boiler74 7f7 ,installation costs for qualified energy efficiency improvements ,paragraph 7#a7 of subsection 7c7 of section #be;,c is amended by adding at the end the following flush sentence3 ,such term includes expenditures for labor costs properly allocable to the onsite preparation1 assembly1 or original installation of the component4 4 7g7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #aeb4 ,extension of credit for new qualified fuel cell motor vehicles 7a7 ,in general ,paragraph 7#a7 of section #cj;,b7k7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to property purchased after ,december #ca1 #bjad4 #aec4 ,extension of credit for alternative fuel vehicle refueling property 7a7 ,in general ,subsection 7g7 of section #cj;,c is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #aed4 ,extension of second generation biofuel producer credit 7a7 ,in general ,clause 7i7 of section #dj7;b77#f77;,j7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendment made by this subsection shall apply to qualified second generation biofuel production after ,december #ca1 #bjad4 #aee4 ,extension and reform of biodiesel tax incentives 7a7 ,income tax credit 7#a7 ,extension 7,a7 ,credits for biodiesel and renewable diesel used as fuel ,subsection 7g7 of section #dj;,a is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7,b7 ,effective date ,the amendment made by this paragraph shall apply to fuel sold or used after ,december #ca1 #bjad4 7#b7 ,reform of income tax credit 7,a7 ,in general ,so much of section #dj;,a as precedes subsection 7c7 is amended to read as follows3 #dj;,a4 ,biodiesel fuels credit 7a7 ,in general ,for purposes of section #ch1 in the case of an eligible taxpayer1 the biodiesel fuels credit determined under this section for the taxable year is #a4jj for each gallon of biodiesel produced by the taxpayer which during the taxable year-- 7#a7 is sold by the producer of such biodiesel to another person-- 7,a7 for use by such other person's trade or business as a fuel or in the production of a biodiesel mixture 7other than casual off-farm production71 or 7,b7 who sells such biodiesel at retail to another person and places such biodiesel in the fuel tank of such other person1 or 7#b7 is used by such producer for any purpose described in paragraph 7#a74 7b7 ,increased credit for small producers 7#a7 ,in general ,in the case of any eligible small biodiesel producer1 subsection 7a7 shall be applied by increasing the dollar amount contained therein by #aj cents4 7#b7 ,limitation ,paragraph 7#a7 shall only apply with respect to the first #ae1jjj1jjj gallons of biodiesel produced by any eligible small biodiesel producer during any taxable year4 4 7,b7 ,definitions and special rules ,section #dj;,a7d7 is amended by striking all that follows paragraph 7#a7 and inserting the following 7#b7 ,eligible taxpayer 7,a7 ,in general ,the term eligible taxpayer means1 with respect to any gallon of biodiesel1 the producer of such gallon if such producer has paid the tax imposed by section #djha on such biodiesel4 7,b7 ,special rule for eligible discretionary blenders ,for purposes of this section 7other than subsection 7b771 an eligible discretionary blender shall be treated as the producer of any gallon of biodiesel which is used to make a qualified biodiesel mixture if-- 7i7 the producer of such biodiesel 7determined without regard to this subparagraph7-- 7,i7 did not pay the tax imposed under section #djha with respect to such gallon1 and 7,,ii7 assigns the credit allowed under this section to the eligible discretionary blender in such form and manner as provided by the ,secretary1 and 7ii7 such eligible discretionary blender pays the tax imposed under section #djha with respect to such gallon4 ,for purposes of the preceding sentence1 an eligible discretionary blender shall be treated as producing a gallon of biodiesel in the taxable year in which the sale or use of the qualified biodiesel mixture occurs4 7,c7 ,eligible discretionary blender ,for purposes of subparagraph 7,b71 the term eligible discretionary blender means any person who-- 7i7 is registered under section #daja as a blender of qualified biodiesel mixtures1 and 7ii7 has used #aj1jjj1jjj or more gallons of biodiesel in the production of qualified biodiesel mixtures in the preceding taxable year4 7#c7 ,biodiesel mixture2 qualified biodiesel mixture 7,a7 ,biodiesel mixture ,the term biodiesel mixture means a mixture consists of biodiesel and diesel fuel 7as defined in section #djhc7;a77#c771 determined without regard to any use of kerosene4 7,b7 ,qualified biodiesel mixture 7i7 ,in general ,the term qualified biodiesel mixture means a biodiesel mixture which is produced by an eligible discretionary blender and-- 7,i7 sold by such eligible discretionary blender to any person for use as a fuel1 or 7,,ii7 used by such eligible discretionary blender as a fuel4 7ii7 ,sale or use must be in trade or business1 etc ,a biodiesel mixture shall not be treated as a qualified biodiesel mixture unless the sale or use described in clause 7i7 is in a trade or business of the eligible discretionary blender4 7#d7 ,biodiesel not used for a qualified purpose ,if-- 7,a7 any credit was determined with respect to any biodiesel under this section1 and 7,b7 any person uses such biodiesel for a purpose not described in subsection 7a71 then there is hereby imposed on such person a tax equal to the product of the rate applicable under subsection 7a7 and the number of gallons of such biodiesel4 7#e7 ,pass-thru in the case of estates and trusts ,under regulations prescribed by the ,secretary1 rules similar to the rules of subsection 7d7 of section #eb shall apply4 7#f7 ,limitation to biodiesel with connection to the united states ,no credit shall be determined under subsection 7a7 with respect to biodiesel unless such biodiesel is produced in the ,united ,states4 ,for purposes of this paragraph1 the term ,united ,states includes any possession of the ,united ,states4 4 7,c7 ,rules for small biodiesel producers 7i7 ,in general ,section #dj;,a7e7 is amended-- 7,i7 by striking agri-biodiesel each place it appears in paragraphs 7#a7 and 7#e77;,a7 and inserting biodiesel1 7,,ii7 by striking subsection 7b77#d77;,c7 each place it appears in paragraphs 7#b7 and 7#c7 and inserting subsection 7b77#b71 and 7,,iii7 by striking subsection 7a77#c7 each place it appears in paragraphs 7#e77;,a71 7#f77;,a77i71 and 7#f77;,b77i7 and inserting subsection 7b74 7ii7 ,the heading for subsection 7e7 of section #dj;,a is amended by striking agri-biodiesel and inserting biodiesel4 7iii7 ,the headings for paragraphs 7#a7 and 7#f7 of section #dj;,a7e7 are each amended by striking agri-biodiesel and inserting biodiesel4 7,d7 ,conforming amendments related to renewable diesel ,section #dj;,a7f7 is amended-- 7i7 by striking ,subsection 7b77#d7 and inserting ,subsection 7b71 and 7ii7 by striking paragraph 7#d7 and inserting the following3 7#d7 ,certain aviation fuel ,except as provided in the last #c sentences of paragraph 7#b71 the term renewable diesel shall include fuel derived from biomass which meets the requirements of a ,department of ,defense specification for military jet fuel or an ,american ,society of ,testing and ,materials specification for aviation turbine fuel4 4 7,e7 ,registration of eligible discretionary blenders ,section #daja7;a77#a7 is amended-- 7i7 by striking and before every person producing second generation biofuel1 and 7ii7 by inserting 1 and every person producing qualified biodiesel mixtures 7as defined in section #dj;,a7d77#c77 after section #dj7;b77#f77;,e77 in excess of #aj1jjj1jjj gallons per year4 7,f7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a is amended by striking the item relating to section #dj;,a and inserting the following new item3 ,sec4 #dj;,a4 ,biodiesel fuels credit4 4 7,g7 ,effective date ,the amendments made by this paragraph shall apply to fuel sold or used after ,december #ca1 #bjae4 7b7 ,excise tax incentives 7#a7 ,extension 7,a7 ,in general ,paragraph 7#f7 of section #fdbf7;c7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7,b7 ,payments ,subparagraph 7,b7 of section #fdbg7;e77#f7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7,c7 ,effective date ,the amendments made by this paragraph shall apply to fuel sold or used after ,december #ca1 #bjad4 7,d7 ,special rule for certain periods during #bjae ,notwithstanding any other provision of law1 in the case of any biodiesel mixture credit properly determined under section #fdbf7;c7 of the ,internal ,revenue ,code of #aihf for periods after ,december #ca1 #bjad1 and on or before the last day of the first calendar quarter ending after the date of the enactment of this ,act1 such credit shall be allowed1 and any refund or payment attributable to such credit 7including any payment under section #fdbg7;e7 of such ,code7 shall be made1 only in such manner as the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall provide4 ,such ,secretary shall issue guidance within #cj days after the date of the enactment of this ,act providing for a one-time submission of claims covering periods described in the preceding sentence4 ,such guidance shall provide for a #ahj-;day period for the submission of such claims 7in such manner as prescribed by such ,secretary7 to begin not later than #cj days after such guidance is issued4 ,such claims shall be paid by such ,secretary not later than #fj days after receipt4 ,if such ,secretary has not paid pursuant to a claim filed under this subsection within #fj days after the date of the filing of such claim1 the claim shall be paid with interest from such date determined by using the overpayment rate and method under section #ffba of such ,code4 7#b7 ,reform of excise tax credit 7,a7 ,in general ,subsection 7c7 of section #fdbf is amended-- 7i7 by striking all that precedes paragraph 7#f7 and inserting the following3 7c7 ,biodiesel production credit 7#a7 ,in general ,for purposes of this section1 in the case of an eligible taxpayer1 the biodiesel production credit is #a4jj for each gallon of biodiesel produced by the taxpayer and which-- 7,a7 is sold by such producer to another person-- 7i7 for use by such other person's trade or business as a fuel or in the production of a biodiesel mixture 7other than casual off-farm production71 or 7ii7 who sells such biodiesel at retail to another person and places such biodiesel in the fuel tank of such other person1 or 7,b7 is used by such producer for any purpose described in subparagraph 7,a74 7#b7 ,special rule for eligible discretionary blenders ,for purposes of this subsection and section #fdbg7;e77#c71 an eligible discretionary blender shall be treated as the producer of any gallon of biodiesel which is used to make a qualified biodiesel mixture if-- 7,a7 the producer of such biodiesel 7determined without regard to this subparagraph7-- 7i7 did not pay the tax imposed under section #djha with respect to such gallon1 and 7ii7 assigns the credit allowed under this section to the eligible discretionary blender in such form and manner as provided by the ,secretary1 and 7,b7 such eligible discretionary blender pays the tax imposed under section #djha with respect to such gallon4 ,for purposes of the preceding sentence1 an eligible discretionary blender shall not be treated as producing a gallon of biodiesel before the date on which the sale or use of the qualified biodiesel mixture occurs4 7#c7 ,definitions ,any term used in this subsection which is also used in section #dj;,a shall have the meaning given such term by section #dj;,a4 1 and 7ii7 by redesignating paragraph 7#f71 as amended by paragraph 7#a77;,a71 as paragraph 7#d74 7,b7 ,producer registration requirement ,subsection 7a7 of section #fdbf is amended by striking subsections 7d7 and 7e7 in the flush sentence at the end and inserting subsections 7c71 7d71 and 7e74 7,c7 ,recapture 7i7 ,in general ,subsection 7f7 of section #fdbf is amended-- 7,i7 by striking or biodiesel each place it appears in subparagraphs 7,a7 and 7,b77i7 of paragraph 7#a71 7,,ii7 by striking or biodiesel mixture in paragraph 7#a77;,a71 and 7,,iii7 by redesignating paragraph 7#b7 as paragraph 7#c7 and by inserting after paragraph 7#a7 the following new paragraph3 7#b7 ,biodiesel ,if any credit was determined under this section or paid pursuant to section #fdbg7;e7 with respect to the production of any biodiesel and any person uses such biodiesel for a purpose not described in subsection 7c77#a71 then there is hereby imposed on such person a tax equal to #a for each gallon of such biodiesel4 4 7ii7 ,conforming amendments 7,i7 ,paragraph 7#c7 of section #fdbf7;f71 as redesignated by clause 7i77,,iii71 is amended by inserting or 7#b7 after paragraph 7#a74 7,,ii7 ,the heading for paragraph 7#a7 of section #fdbf7;f7 is amended by striking ,imposition of tax and inserting ,in general4 7,d7 ,limitation ,section #fdbf7;i7 is amended-- 7i7 in paragraph 7#b7-- 7,i7 by striking biodiesel or1 and 7,,ii7 by striking ,biodiesel and in the heading1 and 7ii7 by inserting after paragraph 7#b7 the following new paragraph3 7#c7 ,biodiesel ,no credit shall be determined under this section with respect to biodiesel unless such biodiesel is produced in the ,united ,states4 4 7,e7 ,clerical amendments 7i7 ,the heading of section #fdbf is amended by striking alcohol fuel1 biodiesel1 and alternative fuel mixtures and inserting alcohol fuel mixtures1 biodiesel production1 and alternative fuel mixtures4 7ii7 ,the item relating to section #fdbf in the table of sections for subchapter ,b of chapter #fe is amended by striking alcohol fuel1 biodiesel1 and alternative fuel mixtures and inserting alcohol fuel mixtures1 biodiesel production1 and alternative fuel mixtures4 7,f7 ,effective date ,the amendments made by this paragraph shall apply to fuel sold or used after ,december #ca1 #bjae4 7#c7 ,reform of excise payments of credit 7,a7 ,in general ,subsection 7e7 of section #fdbg1 as amended by paragraph 7#a77;,b71 is amended-- 7i7 by striking or the biodiesel mixture credit in paragraph 7#a71 7ii7 by redesignating paragraphs 7#c7 through 7#f7 as paragraphs 7#d7 through 7#g71 respectively1 and by inserting after paragraph 7#b7 the following new paragraph3 7#c7 ,biodiesel production credit ,if any person produces biodiesel and sells or uses such biodiesel as provided in section #fdbf7;c77#a71 the ,secretary shall pay 7without interest7 to such person an amount equal to the biodiesel production credit with respect to such biodiesel4 1 7iii7 by striking paragraph 7#a7 or 7#b7 each place it appears in paragraphs 7#d7 and 7#f71 as redesignated by paragraph 7#b71 and inserting paragraph 7#a71 7#b71 or 7#c71 7iv7 by striking alternative fuel each place it appears in paragraphs 7#d7 and 7#f71 as redesignated by paragraph 7#b71 and inserting fuel1 and 7v7 by striking biodiesel mixture 7as defined in section #fdbf7;c77#c77 in paragraph 7#g77;,b71 as so redesignated1 and inserting biodiesel 7within the meaning of section #dj;,a74 7,b7 ,effective date ,the amendments made by this paragraph shall apply to fuel sold or used after ,december #ca1 #bjae4 7c7 ,treatment of biodiesel as a taxable fuel 7#a7 ,in general 7,a7 ,taxable fuel includes biodiesel ,paragraph 7#a7 of section #djhc7;a7 is amended by striking and at the end of subparagraph 7,b71 by striking the period at the end of subparagraph 7,c7 and inserting 1 and1 and by adding at the end the following new subparagraph3 7,d7 biodiesel4 4 7,b7 ,biodiesel defined ,subsection 7a7 of section #djhc is amended by adding at the end the following new paragraph3 7#d7 ,biodiesel ,the term biodiesel has the meaning given such term under section #dj;,a7d77#a71 determined without regard to the last sentence thereof4 4 7#b7 ,biodiesel production facilities treated as refineries 7,a7 ,in general ,subsection 7a7 of section #djha is amended by adding at the end the following new paragraph3 7#e7 ,biodiesel production facilities and blending facilities treated as refineries ,for purposes of this part-- 7,a7 any facility which is used to produce biodiesel1 and 7,b7 any biodiesel blending facility1 shall be treated as a refinery with respect to biodiesel4 4 7,b7 ,biodiesel blending facility defined ,section #djhc is amended by adding at the end the following new subsection3 7e7 ,biodiesel blending facility ,for purposes of this subpart1 the term biodiesel blending facility means any facility that is operated by an eligible discretionary blender 7as defined in section #dj;,a7d77#b77;,c774 4 7,c7 ,bulk transfers ,subparagraph 7,b7 of section #djha7;a77#a7 is amended by adding at the end the following new clause3 7iii7 ,special rules for biodiesel ,the tax imposed by this paragraph shall not apply to the removal or entry of biodiesel to any refinery or terminal if the person removing or entering the biodiesel and the operator of the refinery or terminal are registered under section #daja4 4 7#c7 ,rate of tax ,subparagraph 7,a77iii7 of section #djha7;a77#b7 is amended by striking diesel fuel or kerosene and inserting diesel fuel1 kerosene1 or biodiesel4 7#d7 ,exemptions 7,a7 ,in general ,section #djhb is amended by striking diesel fuel and kerosene each place it appears in subsections 7a71 7c71 and 7g7 and inserting diesel fuel1 kerosene1 and biodiesel4 7,b7 ,conforming amendment ,subparagraph 7,a7 of section #djhb7;d77#a7 is amended by inserting biodiesel1 after diesel fuel14 7#e7 ,other conforming amendments 7,a7 ,the heading for paragraph 7#a7 of section #djda7;a7 is amended by striking diesel fuel and kerosene and inserting diesel fuel1 kerosene1 and biodiesel4 7,b7 ,paragraph 7#b7 of section #fdaf7;b7 is amended by striking diesel fuel or kerosene and inserting diesel fuel1 kerosene1 or biodiesel4 7,c7 ,section #fdbg7l7 is amended-- 7i7 by striking diesel fuel or kerosene each place it appears in paragraph 7#a7 and 7#e77;,a7 and inserting diesel fuel1 kerosene1 or biodiesel1 7ii7 by striking diesel fuel and kerosene in the heading and inserting diesel fuel1 kerosene1 and biodiesel1 and 7iii7 by striking diesel fuel or kerosene in the heading of paragraph 7#e7 and inserting diesel fuel1 kerosene1 or biodiesel4 7,d7 ,section #fgae7;c77#a7 is amended by striking diesel fuel or kerosene and inserting diesel fuel1 kerosene1 or biodiesel4 7#f7 ,effective date ,the amendments made by this subsection shall apply to biodiesel sold or used after ,december #ca1 #bjae4 #aef4 ,extension of production credit for ,indian coal facilities placed in service before #bjji 7a7 ,in general ,subparagraph 7,a7 of section #de7;e77#aj7 is amended by striking #i-year period each place it appears and inserting #aa-year period4 7b7 ,effective date ,the amendment made by this section shall apply to coal produced after ,december #ca1 #bjad4 #aeg4 ,extension of credits with respect to facilities producing energy from certain renewable resources 7a7 ,in general ,the following provisions of section #de7;d7 are each amended by striking ,january #a1 #bjae each place it appears and inserting ,january #a1 #bjag3 7#a7 ,paragraph 7#a74 7#b7 ,paragraph 7#b77;,a74 7#c7 ,paragraph 7#c77;,a74 7#d7 ,paragraph 7#d77;,b74 7#e7 ,paragraph 7#f74 7#f7 ,paragraph 7#g74 7#g7 ,paragraph 7#i74 7#h7 ,paragraph 7#aa77;,b74 7b7 ,extension of election to treat qualified facilities as energy property ,clause 7ii7 of section #dh7;a77#e77;,c7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7c7 ,effective dates ,the amendments made by this section shall take effect on ,january #a1 #bjae4 #aeh4 ,extension of credit for energy-efficient new homes 7a7 ,in general ,subsection 7g7 of section #de,l is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by this section shall apply to homes acquired after ,december #ca1 #bjad4 #aei4 ,extension of special allowance for second generation biofuel plant property 7a7 ,in general ,subparagraph 7,d7 of section #afh7l77#b7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #afj4 ,extension and modification of energy efficient commercial buildings deduction 7a7 ,in general ,subsection 7h7 of section #agi;,d is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,allocations to ,indian tribal governments ,paragraph 7#d7 of section #agi;,d7d7 is amended by striking or local and inserting local1 or ,indian tribal4 7c7 ,allocations to certain nonprofit organizations 7#a7 ,in general ,paragraph 7#d7 of section #agi;,d7d71 as amended by subsection 7b71 is amended by inserting 1 or by an organization that is described in section #eja7;c77#c7 and exempt from tax under section #eja7;a7 after political subdivision thereof4 7#b7 ,clerical amendment ,the heading of paragraph 7#d7 of section #agi;,d7d7 is amended by inserting and property held by certain non-profits after public property4 7d7 ,updated ,,ashrae standards for #bjaf 7#a7 ,in general ,paragraph 7#a7 of section #agi;,d7c7 is amended by striking ,standard #ij4a-bjja each place it appears and inserting ,standard #ij4a-bjjg4 7#b7 ,conforming amendments 7,a7 ,paragraph 7#b7 of section #agi;,d7c7 is amended to read as follows3 7#b7 ,standard #ij4a-bjjg ,the term ,standard #ij4a-bjjg means ,standard #ij4a-bjjg of the ,american ,society of ,heating1 ,refrigerating1 and ,air ,conditioning ,engineers and the ,illuminating ,engineering ,society of ,north ,america 7as in effect on the day before the date of the adoption of ,standard #ij4a-bjaj of such ,societies74 4 7,b7 ,subsection 7f7 of section #agi;,d is amended by striking ,standard #ij4a-bjja each place it appears in paragraphs 7#a7 and 7#b77;,c77i7 and inserting ,standard #ij4a-bjjg4 7,c7 ,paragraph 7#a7 of section #agi;,d7f7 is amended-- 7i7 by striking ,table #i4c4a4a and inserting ,table #i4e4a1 and 7ii7 by striking ,table #i4c4a4b and inserting ,table #i4f4a4 7#c7 ,effective date ,the amendments made by this subsection shall apply to property placed in service after ,december #ca1 #bjae4 7e7 ,effective date ,except as provided in subsection 7d77#c71 the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjad4 #afa4 ,extension of special rule for sales or dispositions to implement ,,ferc or ,state electric restructuring policy for qualified electric utilities 7a7 ,in general ,paragraph 7#c7 of section #dea7;i7 is amended by striking ,january #a1 #bjae and inserting ,january #a1 #bjag4 7b7 ,effective date ,the amendment made by this section shall apply to dispositions after ,december #ca1 #bjad4 #afb4 ,extension of excise tax credits relating to alternative fuels 7a7 ,extension of alternative fuels excise tax credits 7#a7 ,in general ,sections #fdbf7;d77#e7 and #fdbf7;e77#c7 are each amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7#b7 ,outlay payments for alternative fuels ,subparagraph 7,c7 of section #fdbg7;e77#g71 as redesignated by section #aee7;b77#c77;,a77ii71 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendments made by this section shall apply to fuel sold or used after ,december #ca1 #bjad4 7c7 ,special rule for certain periods during #bjae ,notwithstanding any other provision of law1 in the case of any alternative fuel credit properly determined under section #fdbf7;d7 of such ,code for such periods1 such credit shall be allowed1 and any refund or payment attributable to such credit 7including any payment under section #fdbg7;e7 of such ,code7 shall be made1 only in such manner as the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall provide4 ,such ,secretary shall issue guidance within #cj days after the date of the enactment of this ,act providing for a one-time submission of claims covering periods described in the preceding sentence4 ,such guidance shall provide for a #ahj-;day period for the submission of such claims 7in such manner as prescribed by such ,secretary7 to begin not later than #cj days after such guidance is issued4 ,such claims shall be paid by such ,secretary not later than #fj days after receipt4 ,if such ,secretary has not paid pursuant to a claim filed under this subsection within #fj days after the date of the filing of such claim1 the claim shall be paid with interest from such date determined by using the overpayment rate and method under section #ffba of such ,code4 ,,ii ,provision that expired in #bjac #bja4 ,extension of credit for #b-wheeled plug-in electric vehicles 7a7 ,in general ,subparagraph 7,e7 of section #cj;,d7g77#c7 is amended by striking acquired and all that follows and inserting 8acquired-- 7i7 after ,december #ca1 #bjaa1 and before ,january #a1 #bjad1 and 7ii7 in the case of a vehicle that has #b wheels-- 7,i7 during the period described in clause 7i71 or 7,,ii7 after ,december #ca1 #bjad1 and before ,january #a1 #bjag4 4 7b7 ,effective date ,the amendment made by this section shall apply to vehicles acquired after ,december #ca1 #bjad4 ,,iii ,revenue provisions #cja4 ,exclusion from gross income of certain clean coal power grants to non-corporate taxpayers 7a7 ,general rule ,in the case of an eligible taxpayer other than a corporation1 gross income for purposes of the ,internal ,revenue ,code of #aihf shall not include any amount received under section #djb of the ,energy ,policy ,act of #bjje4 7b7 ,reduction in basis ,the basis of any property subject to the allowance for depreciation under the ,internal ,revenue ,code of #aihf which is acquired with any amount to which subsection 7a7 applies during the #ab-month period beginning on the day such amount is received shall be reduced by an amount equal to such amount4 ,the excess 7if any7 of such amount over the amount of the reduction under the preceding sentence shall be applied to the reduction 7as of the last day of the period specified in the preceding sentence7 of the basis of any other property held by the taxpayer4 ,the particular properties to which the reductions required by this subsection are allocated shall be determined by the ,secretary of the ,treasury 7or the ,secretary's delegate7 under regulations similar to the regulations under section #cfb7;c77#b7 of such ,code4 7c7 ,limitation to amounts which would be contributions to capital ,subsection 7a7 shall not apply to any amount unless such amount1 if received by a corporation1 would be excluded from gross income under section #aah of the ,internal ,revenue ,code of #aihf4 7d7 ,eligible taxpayer ,for purposes of this section1 with respect to any amount received under section #djb of the ,energy ,policy ,act of #bjje1 the term eligible taxpayer means a taxpayer that makes a payment to the ,secretary of the ,treasury 7or the ,secretary's delegate7 equal to #a4ah percent of the amount so received4 ,such payment shall be made at such time and in such manner as such ,secretary 7or the ,secretary's delegate7 shall prescribe4 ,in the case of a partnership1 such ,secretary 7or the ,secretary's delegate7 shall prescribe regulations to determine the allocation of such payment amount among the partners4 7e7 ,effective date ,this section shall apply to amounts received under section #djb of the ,energy ,policy ,act of #bjje in taxable years beginning after ,december #ca1 #bjaa4 #cjb4 ,treatment of certain persons as employers with respect to motion picture projects 7a7 ,in general ,chapter #be 7relating to general provisions relating to employment taxes7 is amended by adding at the end the following new section3 #ceab4 ,treatment of certain persons as employers with respect to motion picture projects 7a7 ,in general ,for purposes of sections #caba7;a77#a7 and #ccjf7;b77#a71 remuneration paid to a motion picture project worker by a motion picture project employer during a calendar year shall be treated as remuneration paid with respect to employment of such worker by such employer during the calendar year4 ,the identity of such employer for such purposes shall be determined as set forth in this section and without regard to the usual common law rules applicable in determining the employer-employee relationship4 7b7 ,definitions ,for purposes of this section-- 7#a7 ,motion picture project employer ,the term motion picture project employer means any person if-- 7,a7 such person 7directly or through affiliates7-- 7i7 is a party to a written contract covering the services of motion picture project workers with respect to motion picture projects in the course of a client's trade or business1 7ii7 is contractually obligated to pay remuneration to the motion picture project workers without regard to payment or reimbursement by any other person1 7iii7 controls the payment 7within the meaning of section #cdja7;d77#a77 of remuneration to the motion picture project workers and pays such remuneration from its own account or accounts1 7iv7 is a signatory to one or more collective bargaining agreements with a labor organization 7as defined in #bi ,u4,s4,c4 #aeb7e77 that represents motion picture project workers1 and 7v7 has treated substantially all motion picture project workers that such person pays as employees and not as independent contractors during such calendar year for purposes of determining employment taxes under this subtitle1 and 7,b7 at least #hj percent of all remuneration 7to which section #caba applies7 paid by such person in such calendar year is paid to motion picture project workers4 7#b7 ,motion picture project worker ,the term motion picture project worker means any individual who provides services on motion picture projects for clients who are not affiliated with the motion picture project employer4 7#c7 ,motion picture project ,the term motion picture project means the production of any property described in section #afh7;f77#c74 ,such term does not include property with respect to which records are required to be maintained under section #bbeg of title #ah1 ,united ,states ,code4 7#d7 ,affiliate2 affiliated ,a person shall be treated as an affiliate of1 or affiliated with1 another person if such persons are treated as a single employer under subsection 7b7 or 7c7 of section #dad4 4 7b7 ,clerical amendment ,the table of sections for such chapter #be is amended by adding at the end the following new item3 ,sec4 #ceab4 ,treatment of certain persons as employers with respect to motion picture projects44 7c7 ,effective date ,the amendments made by this section shall apply to remuneration paid after ,december #ca1 #bjae4 7d7 ,no inference ,nothing in the amendments made by this section shall be construed to create any inference on the law before the date of the enactment of this ,act4 #cjc4 ,equalization of excise tax and credits with respect to liquefied petroleum gas and liquefied natural gas 7a7 ,liquefied petroleum gas 7#a7 ,in general ,subparagraph 7,b7 of section #djda7;a77#b7 is amended by striking and at the end of clause 7i71 by redesignating clause 7ii7 as clause 7iii71 and by inserting after clause 7i7 the following new clause3 7ii7 in the case of liquefied petroleum gas1 #ah4c cents per energy equivalent of a gallon of gasoline1 and 4 7#b7 ,energy equivalent of a gallon of gasoline ,paragraph 7#b7 of section #djda7;a7 is amended by adding at the end the following3 7,c7 ,energy equivalent of a gallon of gasoline ,for purposes of this paragraph1 the term energy equivalent of a gallon of gasoline means1 with respect to a liquefied petroleum gas fuel1 the amount of such fuel having a ,btu content of #aae1djj 7lower heating value74 4 7b7 ,liquefied natural gas 7#a7 ,in general ,subparagraph 7,b7 of section #djda7;a77#b71 as amended by subsection 7a77#a71 is amended by striking and at the end of clause 7ii71 by striking the period at the end of clause 7iii7 and inserting 1 and and by inserting after clause 7iii7 the following new clause3 7iv7 in the case of liquefied natural gas1 #bd4c cents per energy equivalent of a gallon of diesel4 4 7#b7 ,energy equivalent of a gallon of diesel ,paragraph 7#b7 of section #djda7;a71 as amended by subsection 7a77#b71 is amended by adding at the end the following3 7,d7 ,energy equivalent of a gallon of diesel ,for purposes of this paragraph1 the term energy equivalent of a gallon of diesel means1 with respect to a liquefied natural gas fuel1 the amount of such fuel having a ,btu content of #abh1gjj 7lower heating value74 4 7#c7 ,conforming amendments ,section #djda7;a77#b77;,b77iii71 as redesignated by subsection 7a77#a71 is amended-- 7,a7 by striking liquefied natural gas11 and 7,b7 by striking peat71 and and inserting peat7 and4 7c7 ,credits ,section #fdbf is amended by adding at the end the following new subsection3 7j7 ,energy equivalency determinations for liquefied petroleum gas and liquefied natural gas ,for purposes of determining any credit under this section1 any reference to the number of gallons of an alternative fuel or the gasoline gallon equivalent of such a fuel shall be treated as a reference to-- 7#a7 in the case of liquefied petroleum gas1 the energy equivalent of a gallon of gasoline1 as defined in section #djda7;a77#b77;,c71 and 7#b7 in the case of liquefied natural gas1 the energy equivalent of a gallon of diesel1 as defined in section #djda7;a77#b77;,d74 4 7d7 ,effective date ,the amendments made by this section shall apply to fuel sold or used after ,december #ca1 #bjad4 #cjd4 ,additional information on returns relating to mortgage interest 7a7 ,in general ,paragraph 7#b7 of section #fjej;,h7b7 is amended by striking and at the end of subparagraph 7,c71 by redesignating subparagraph 7,d7 as subparagraph 7,g71 and by inserting after subparagraph 7,c7 the following new subparagraphs3 7,d7 the amount of outstanding principal on the mortgage at the beginning of the calendar year1 7,e7 the address of the property securing such mortgage1 7,f7 the date of the origination of such mortgage1 and 4 7b7 ,payee statements ,subsection 7d7 of section #fjej;,h is amended by striking and at the end of paragraph 7#a71 by striking the period at the end of paragraph 7#b7 and inserting 1 and1 and by inserting after paragraph 7#b7 the following new paragraph3 7#c7 the information required to be included on the return under subparagraphs 7,d71 7,e71 and 7,f7 of subsection 7b77#b74 4 7c7 ,effective date ,the amendments made by this section shall apply to returns and statements the due date for which 7determined without regard to extensions7 is after ,december #ca1 #bjaf4 ,,iv ,budgetary effects #dja4 ,budgetary effects 7a7 ,paygo scorecard ,the budgetary effects of this ,act shall not be entered on either ,,paygo scorecard maintained pursuant to section #d7;d7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj4 7b7 ,senate paygo scorecard ,the budgetary effects of this ,act shall not be entered on any ,,paygo scorecard maintained for purposes of section #bja of ,s4 ,con4 ,res4 #ba 7#aajth ,congress74 ,august #e1 #bjae,read twice and placed on the calendar