,,ii #aad? ,,congress #b;d ,session ,s4 #bgge ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #aa1 #bjaf,mr4 ,hat* 7= himself & ,mr4 ,wyd57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,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 ! ,te*nical ,corrections ,act ( #bjaf4 7b7 ,am5dm5t ,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 ,sec4 #b4 ,am5dm5ts relat+ to ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae4 ,sec4 #c4 ,am5dm5t relat+ to ,consolidat$ ,appropriations ,act1 #bjaf4 ,sec4 #d4 ,am5dm5ts relat+ to ,fix+ ,am]ica's ,surface ,transportation ,act4 ,sec4 #e4 ,am5dm5ts relat+ to ,surface ,transportation & ,vet]ans ,heal? ,c>e ,*oice ,improvem5t ,act ( #bjae4 ,sec4 #f4 ,am5dm5ts relat+ to ,/eph5 ,beck1 ,jr41 ,,able ,act ( #bjad4 ,sec4 #g4 ,am5dm5t relat+ to ,am]ican ,taxpay] ,relief ,act ( #bjab4 ,sec4 #h4 ,am5dm5t relat+ to ,unit$ ,/ates-,korea ,free ,trade ,agreem5t ,implem5tation ,act4 ,sec4 #i4 ,cl]ical corrections4 ,sec4 #aj4 ,deadwood-relat$ provisions4 #b4 ,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$-- 7#a7 by /rik+ p>agraph 7#d71 & 7#b7 by /rik+ ! la/ s5t5ce ( p>agraph 7#e77;,c74 7c7 ,am5dm5ts relat+ to section #adc 7#a7 ,section #afh7k77#b77;,b77i77,,iii7 is am5d$ by ins]t+ b9d+ be=e contract4 7#b7 ,section #afh7k77#e77;,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$4 7#c7 ,section #afh7k77#f7 is am5d$ 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#b77;,b7 or 7,c771 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#b77;,b7 or 7,c771 & 7ii7 prop]ty describ$ 9 subp>agraph 7#b77;,b7 or 7,c7 :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#b77;,b7 or 7,c771 & 7ii7 prop]ty describ$ 9 subp>agraph 7#b77;,b7 or 7,c7 :i* is plac$ 9 s]vice 9 #bjbj4 4 7#d7 ,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 #bjb 7#a7 ,section #fgbb7;c77#c77;,a7 is am5d$ 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%$4 7e7 ,am5dm5ts relat+ to section #bjc 7#a7 ,section #faji7;i77#a77;,b7 is am5d$ by /rik+ ,int]nal ,rev5ue ,s]vice & ins]t+ ,int]nal ,rev5ue ,s]vice1 a community-bas$ c]tifi$ acceptance ag5t approv$ by ! ,secret>y14 7#b7 ,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#c7 ,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 7f7 ,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 7g7 ,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 ( su* ,act 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 7h7 ,am5dm5ts relat+ to section #bjf ,section #bjf7;b7 ( su* ,act 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$esignat+ p>agraph 7#c7 z p>agraph 7#b74 7i7 ,am5dm5t relat+ to section #bji ,section #bji7;d77#b7 ( ! ,protect+ ,am]icans f ,tax ,hikes ,act ( #bjae is am5d$ by /rik+ am5dm5t made by subsection 7b7 & ins]t+ am5dm5ts made by subsections 7b7 & 7c74 7j7 ,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$it made refundable #dj p]c5t ( s mu* ( ! cr$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 7k7 ,am5dm5t relat+ to section #caa ,! 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 7l7 ,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] ) #a 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;,e7 is am5d$ by /rik+ & 7,c7 & ins]t+ & 7,d74 7#c7 ,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#d7 ,section #hig7k77#c77;,b77ii7 is am5d$-- 7,a7 by ins]t+ & at ! end ( subclause 7,,ii71 & 7,b7 by /rik+ ,unit$ ,/ates corporation 9 subclause 7,,iii7 & ins]t+ dome/ic corporation4 7#e7 ,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$4 7#f7 ,section #cbb7;c77#b7 ( su* ,act is am5d$ 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 7m7 ,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 #c4 ,am5dm5t relat+ to ,consolidat$ ,appropriations ,act1 #bjaf 7a7 ,am5dm5t relat+ to section #cje ( division ,p ,section #aii7;c77#c77;,c77i7 is am5d$ 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 #d4 ,am5dm5ts relat+ to ,fix+ ,am]ica's ,surface ,transportation ,act 7a7 ,am5dm5ts relat+ to section #cbaja ,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 7b7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 section #cbaja ( ! ,fix+ ,am]ica's ,surface ,transportation ,act4 #e4 ,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 #f4 ,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 #g4 ,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 #h4 ,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 #i4 ,cl]ical corrections 7a7 ,section #bd7;d7 is am5d$ by r$esignat+ p>agraph 7#e7 z p>agraph 7#c74 7b7 7#a7 ,section #db7;f77#e77;,b77ii77,i7 is am5d$ by /rik+ 7d77#f77;,c7 & ins]t+ 7d77#f77;,b74 7#b7 ,section #db7k77#b77;,b7 is am5d$ by /rik+ 7d77#f77;,b7 & ins]t+ 7d77#f77;,c74 7#c7 ,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#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 7c7 ,section #dh7;a77#f77;,b7 is am5d$ by /rik+ prop]ty en]gy prop]ty & ins]t+ en]gy prop]ty4 7d7 ,section #eh7;a77#b77;,a7 is am5d$ by /rik+ #dfa7;j7 & ins]t+ #dfa7k74 7e7 ,section #aci;,e7c77#c7 is am5d$ by /rik+ #bjac & ins]t+ #bjad4 7f7 ,section #afh7;e77#c77;,c77i7 is am5d$ by /rik+ &4 7g7 ,section #aii is am5d$ by /rik+ s mu* ( subsection 7a7 z prec$es ,!re %all be all[$ & ins]t+ 7a7 ,all[ance ( d$uction4--4 7h7 ,! second s5t5ce ( section #cee7;h77#b77;,b7 is am5d$ by /rik+ ( assets4 7i7 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 7j7 ,section #dfd7;d77#b77;,b77iii7 is am5d$ by /rik+ subsection 7c77#b77;,e7 & ins]t+ section #dfa7k77#b77;,e74 7k7 ,section #heb7;a77#a77;,b7 is am5d$ by /rik+ #bfe1 & ins]t+ #bfe &4 7l7 ,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 7m7 ,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 7n7 ,section #hfd7;d77#h7 is am5d$ by /rik+ section #ief7;b77#c7 & ins]t+ section #ief7;c77#c74 7o7 ,! head+ = section #hig7k77#b7 is am5d$ by /rik+ usrpi & ins]t+ unit$ /ates real prop]ty int]e/4 7p7 ,subp>agraphs 7,b7 & 7,c7 ( section #abef7;e77#c7 are ea* am5d$ by /rik+ section #dfd7;e77#b7 & ins]t+ section #dfa7k77#d74 7q7 ,section #adjj;,f7d7 is am5d$ by /rik+ = ,decemb] #ca1 #bjad4 & ins]t+ = ,decemb] #ca1 #bjaf44 7r7 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$]al claims4 7s7 ,section #dihj;,i7b77#c77;,c77v7 is am5d$ by /rik+ = = & ins]t+ =4 7t7 ,sub*apt] ,c ( *apt] #fc is am5d$-- 7#a7 by /rik+ ,"p #a--,proc$ure & ins]t+ ,"p ,,iii--,proc$ure1 & 7#b7 by /rik+ ,"p #b--;,def9itions & ,special ,rules & ins]t+ ,"p ,,iv--,def9itions & ,special ,rules4 7u7 ,section #cbajc7;a7 ( ! ,fix+ ,am]ica's ,surface ,transportation ,act is am5d$ by /rik+ section #ebajf & ins]t+ section #cbajb4 7v7 ,section #fbac7;g77#b77,p7 is am5d$-- 7#a7 by /rik+ section #bd7;h77#b7 & ins]t+ section #bd7;g77#b71 & 7#b7 by /rik+ subsection 7h77#a7 & ins]t+ subsection 7g77#a74 7w7 ,section #fbce7;a7 is am5d$ by /rik+ subp>t & ins]t+ sub*apt]4 7x7 ,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 7y7 ,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 7z7 ,! head+ = section #ffgf7;c7 is am5d$ by /rik+ reasonable basis & ins]t+ reasonable cause4 7aa7 ,section #fgjj7;a7 is am5d$ by /rik+ ! #a1jjj & ins]t+ #a1jjj4 7bb7 ,section #iejc7;c77#e7 is am5d$ by /rik+ & be=e ,octob] #a1 #bjaa14 7cc7 ,section #cjb ( division ,p ( ! ,consolidat$ ,appropriations ,act1 #bjaf is am5d$-- 7#a7 9 subsection 7a71 by ins]t+ ( ! ,int]nal ,rev5ue ,code ( #aihf aft] section #dh7;a77#e77;,c71 & 7#b7 9 subsection 7b71 by ins]t+ ( su* ,code aft] section #dh7;a74 #aj4 ,deadwood-relat$ provisions 7a7 ,section #be;,a7c77#a7 is am5d$ by /rik+ 7#e1jjj 9 ! case ( taxable ye>s beg9n+ be=e ,janu>y #a1 #bjjc74 7b7 ,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 7c7 ,section #aci7;c77#b7 is am5d$ by /rik+ section #afe7;h77#c77;,c77i7 & ins]t+ section #afe7;i77#e77;,a74 7d7 ,section #afc7;d77#d7 is am5d$ by /rik+ subp>agraph 7,e74 7e7 ,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 7f7 ,section #haj7;b7 is am5d$ by /rik+ p>agraph 7#d74 7g7 ,section #hef7m7 is am5d$ by /rik+ p>agraph 7#f74 7h7 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$-- 7,a7 by /rik+ sections & ins]t+ section1 & 7,b7 by /rik+ & #ahb & all t foll[s ?r\gh ,tax ,re=m ,act ( #aihf74 7#c7 ,section #abeb7;a77#b7 is am5d$-- 7,a7 by /rik+ sections & ins]t+ section1 & 7,b7 by /rik+ or #ahb & all t foll[s & ins]t+ a p]iod4 7i7 ,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