,,ii #aaf? ,,congress #a/ ,session ,s4 #bdcg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,augu/ #a1 #bjai,mr4 ,"y introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% a refundable tax cr$it = p>5ts :o take leave f employm5t foll[+ ! bir? or adoption ( a *ild4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,support ,work+ ,families ,act4 #b4 ,p>5tal ,leave ,tax ,cr$it 7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( subtitle ,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #cf;,b ! foll[+ new section3 #cf;,c4 ,p>5tal ,leave ,cr$it 7a7 ,all[ance ( cr$it 7#a7 ,9 g5]al ,!re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is subtitle = ! taxable ye> an am\nt equal to ! sum (-- 7,a7 ! curr5t ye> p>5tal leave cr$it1 plus 7,b7 ! p>5tal leave cr$it c>ryback c>ri$ to su* taxable ye>4 7#b7 ,curr5t ye> p>5tal leave cr$it 7,a7 ,9 g5]al ,subject to subp>agraphs 7,b7 & 7,c71 ! am\nt ( ! curr5t ye> p>5tal leave cr$it = ! taxable ye> %all be equal to ! product (-- 7i7 ! total numb] ( weeks ( p>5tal leave tak5 dur+ ! b5efit p]iod by an individual describ$ 9 subsection 7c77#a77;,a7 :i* are complet$ )9 su* taxable ye>1 multipli$ by 7ii7 an am\nt equal to ! replacem5t p]c5tage 7z det]m9$ = ea* week ( p>5tal leave pursuant to subsection 7b77#a77 ( ! av]age weekly wage rate = su* individual4 7,b7 ,limitation ,! curr5t ye> p>5tal leave cr$it = any taxable ye> %all n exce$ ! less] (-- 7i7 an am\nt equal to-- 7,i7 ! am\nt det]m9$ "u subp>agraph 7,a7 7det]m9$ z if ! replacem5t p]c5tage 7 #ajj p]c5t71 m9us 7,,ii7 an am\nt equal to ! sum ( any paid p>5tal or m$ical leave b5efits :i* are provid$ to ! individual = any weeks includ$ "u clause 7i7 ( su* subp>agraph-- 7aa7 pursuant to any law or plan ( a ,/ate or a political subdivision !re(1 or 7bb7 by ! employ] ( su* individual1 or 7ii7 #f1jjj4 7,c7 ,r$uction 9 b5efit am\nt on acc\nt ( receipt ( c]ta9 b5efits ,! curr5t ye> p>5tal leave cr$it = any taxable ye> 7aft] application ( subp>agraph 7,b77 %all be r$uc$ by ! am\nt1 if any1 9 c]ta9 b5efits z may be o!rwise receiv$ by an individual = any weeks includ$ "u subp>agraph 7,a77i74 ,= purposes ( ! prec$+ s5t5ce1 c]ta9 b5efits include-- 7i7 p]iodic b5efits on acc\nt ( su* individual's total or p>tial disability "u a workm5's comp5sation law or plan ( ! ,unit$ ,/ates or a ,/ate1 7ii7 p]iodic b5efits on acc\nt ( an individual's employm5t /atus "u an unemploym5t law or plan ( ! ,unit$ ,/ates or a ,/ate1 & 7iii7 su* o!r b5efits z det]m9$ "u regulations issu$ by ! ,secret>y4 7#c7 ,p>5tal leave cr$it c>ryback ,9 ! case ( an individual :o elects n to apply ! curr5t ye> p>5tal leave cr$it to ! taxable ye> :i* includes ! weeks ( p>5tal leave describ$ 9 subp>agraph 7,a77i71 ! am\nt ( su* cr$it-- 7,a7 %all be r$uc$ to z]o = su* taxable ye>1 & 7,b7 %all be a p>5tal leave cr$it c>ryback to ! prec$+ taxable ye>4 7b7 ,det]m9ation ( cr$it am\nt 7#a7 ,replacem5t p]c5tage ,! replacem5t p]c5tage %all be ! am\nt1 express$ z a p]c5tage1 :i* has be5 elect$ by ! individual 79 su* mann] & at su* "t z is prescrib$ by ! ,secret>y7 = ea* week ( p>5tal leave describ$ 9 p>agraph 7#b77;,a77i7 ( subsection 7a7 = purposes ( det]m9+ ! cr$it all[$ "u su* subsection1 provid$ t-- 7,a7 su* am\nt is n less ?an #dj p]c5t & n great] ?an #ij p]c5t1 & 7,b7 = ea* week ( p>5tal leave describ$ 9 p>agraph 7#b77;,a77i7 ( subsection 7a71 su* am\nt does n result 9 a cr$it all[$ "u su* subsection t exce$s-- 7i7 ! av]age weekly wage rate = su* individual1 m9us 7ii7 any am\nts describ$ 9 p>agraph 7#b77;,b77i77,,ii7 ( su* subsection :i* are provid$ to ! individual = su* week4 7#b7 ,av]age weekly wage rate ,! av]age weekly wage rate %all be an am\nt equal to ! great] (-- 7,a7 ! annual av]age am\nt ( ! individual's wages & self-employm5t income = ! p]iod ( ! #c cal5d> ye>s prec$+ ! cal5d> ye> 9 :i* ! p>5tal leave is tak5 by ! individual1 prorat$ on a weekly basis1 or 7,b7 ! am\nt ( ! individual's wages & self-employm5t income = ! cal5d> ye> prec$+ ! cal5d> ye> 9 :i* ! p>5tal leave is tak5 by ! individual1 prorat$ on a weekly basis4 7#c7 ,b5efit p]iod ,! b5efit p]iod = an individual %all be ! p]iod ( weeks-- 7,a7 beg9n+ ) ! latt] (-- 7i7 ! fir/ week 9 :i* ! individual satisfies ! requirem5ts "u subsection 7c77#a77;,a71 or 7ii7 ! fir/ week-- 7,i7 9 :i* ! individual satisfies ! requirem5ts "u su* subsection1 & 7,,ii7 :i* is n less ?an #a ye> aft] ! completion ( any previ\s b5efit p]iod1 & 7,b7 end+ on ! date t is #a ye> aft] ! date ( ! bir? or adoption ( ! *ild4 7c7 ,eligibility requirem5ts 7#a7 ,employm5t 7,a7 ,9 g5]al ,an individual is describ$ 9 ?is subp>agraph if1 on ! date ( ! bir? or adoption ( ! *ild1 su* individual-- 7i7 is a p>5t ( ! *ild1 7ii7 is employ$ &1 dur+ ! #fd-week p]iod prec$+ su* date1 has be5 employ$ = n less ?an #eb weeks1 & 7iii7 has work$ n less ?an a total ( #a1jjj h\rs dur+ ! #eb-week p]iod describ$ 9 clause 7ii74 7,b7 ,det]m9ation ( employm5t ,! ,secret>y1 9 consultation ) ! ,secret>y ( ,labor1 %all prescribe su* regulations1 rules1 & guidance z may be necess>y to det]m9e ! l5g? ( employm5t & h\rs ( s]vice ( an individual1 includ+ rules = ! application ( ?is p>agraph to individuals :o are n comp5sat$ on an h\rly basis4 7#b7 ,additional in=mation 7,a7 ,9 g5]al ,no cr$it %all be all[$ "u subsection 7a7 = any taxable ye> unless ! individual includes ! foll[+ in=mation on ! return ( tax = su* taxable ye> 7or ?r\gh ! program e/abli%$ "u section #b7;b7 ( ! ,support ,work+ ,families ,act73 7i7 ,an atte/ation f ! individual t su* individual-- 7,i7 if ! individual has an employ]1 has provid$ su* employ] ) writt5 notice ( ! individual's int5tion to take p>5tal leave1 7,,ii7 has satisfi$ ! requirem5ts "u clauses 7ii7 & 7iii7 ( p>agraph 7#a77;,a71 7,,iii7 w be tak+ leave f employm5t = ea* week ( p>5tal leave tak5 dur+ ! b5efit p]iod1 & 7,,iv7 int5ds to ma9ta9 ! same pr9cipal place ( abode z ! *ild = m ?an ( ! #ab-mon? p]iod foll[+ ! date ( ! bir? or adoption ( ! *ild4 7ii7 ,any in=mation1 z det]m9$ necess>y by ! ,secret>y1 reg>d+ any paid p>5tal or m$ical leave b5efits describ$ 9 subsection 7a77#b77;,b77i77,,ii7 :i* are provid$ to ! individual4 7iii7 ,! "n ( ! *ild ( ! individual & ! date ( ! bir? or adoption ( ! *ild4 7iv7 ,subject to subp>agraph 7,b71 ! weeks ( p>5tal leave tak5 dur+ ! b5efit p]iod4 7v7 ,! social security numb] ( ! individual4 7vi7 ,subject to subp>agraph 7,c71 ! social security numb] ( ! *ild4 7vii7 ,subject to subp>agraph 7,d71 a copy ( ! bir? c]tificate or o!r docum5tation demon/rat+ t ! individual is ! p>5t or legal gu>dian ( ! *ild4 7,b7 ,weeks ( p>5tal leave ,= purposes ( ! cr$it all[$ "u subsection 7a7-- 7i7 any weeks ( p>5tal leave tak5 dur+ ! b5efit p]iod = :i* su* cr$it is be+ claim$ %all be a full workweek1 & 7ii7 ! total numb] ( weeks ( p>5tal leave tak5 by an individual dur+ ! b5efit p]iod %all n be less ?an #d weeks or great] ?an #ab weeks4 7,c7 ,social security numb] 7i7 ,adoption 7,i7 ,9 g5]al ,9 ! case ( an individual :o legally adopts a *ild1 if su* *ild has n receiv$ a social security numb] at ! "t ( ! fil+ ( ! return ( tax describ$ 9 subp>agraph 7,a71 ! p>5t ( su* *ild may be all[$ ! cr$it "u subsection 7a71 provid$ t-- 7aa7 ! ,adoption ,taxpay] ,id5tification ,numb] = su* *ild is includ$ on ! return ( tax describ$ 9 subp>agraph 7,a71 & 7bb7 ! social security numb] = su* *ild is provid$ to ! ,secret>y n lat] ?an #ae mon?s aft] ! date ( ! adoption ( su* *ild4 7,,ii7 ,notice ,9 ! case ( a *ild describ$ 9 subclause 7,i71 ! ,secret>y %all provide notice ( ! requirem5t "u item 7bb7 ( su* subclause to ! p>5t ( su* *ild-- 7aa7 at ! "t t ! cr$it all[$ "u subsection 7a7 is refund$ or o!rwise provid$ to su* p>5t1 & 7bb7 on ! date t is #ab mon?s aft] ! date ( ! adoption ( su* *ild4 7,,iii7 ,rescission 7aa7 ,9 g5]al ,9 ! case ( an individual :o is ! p>5t ( a *ild describ$ 9 subclause 7,i7 & subsequ5tly fails to provide a social security numb] = su* *ild to ! ,secret>y dur+ ! p]iod describ$ 9 subclause 7,,ii77bb71 ! tax impos$ by ?is *apt] = ! applicable taxable ye> %all be increas$ by #ajj p]c5t ( ! am\nt ( ! cr$it all[$ "u subsection 7a7 to su* individual = any p>5tal leave claim$ ) respect to su* *ild4 7bb7 ,applicable taxable ye> ,! t]m applicable taxable ye> means ! taxable ye> :i* includes ! date t is #ae mon?s aft] ! date ( ! adoption ( ! *ild4 7ii7 ,religi\s objections ,! ,secret>y1 9 coord9ation ) ! ,commission] ( ,social ,security1 %all prescribe su* regulations1 rules1 & guidance z may be necess>y to apply ! requirem5ts "u ?is p>agraph relat+ to social security numb]s = individuals :o h religi\s objections to obta9+ a social security numb] = !mselves or _! *ildr54 7,d7 ,bir? c]tificate or o!r docum5tation 7i7 ,9 g5]al ,9 ! case ( a p>5t :o has n receiv$ ! c]tificate or docum5tation describ$ 9 clause 7vii7 ( subp>agraph 7,a7 = _! *ild at ! "t ( ! fil+ ( ! return ( tax describ$ 9 su* subp>agraph1 ! p>5t may be all[$ ! cr$it "u subsection 7a71 provid$ t su* c]tificate or docum5tation is provid$ to ! ,secret>y n lat] ?an #ae mon?s aft] ! date ( ! bir? or adoption ( su* *ild4 7ii7 ,notice & rescission ,rules simil> to ! rules ( subclauses 7,,ii7 & 7,,iii7 ( subp>agraph 7,c77i7 %all apply = purposes ( ?is subp>agraph4 7#c7 ,ineligibility2 disqualification 7,a7 ,ineligibility = b5efit ,no cr$it %all be all[$ "u subsection 7a7 = any taxable ye> dur+ :i* ! individual is entitl$ to-- 7i7 disability insurance b5efits "u section #bbc ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dbc7 or a simil> p]man5t disability program "u any law or plan ( a ,/ate or political subdivision or in/rum5tality ( a ,/ate 7z su* t]ms are us$ 9 section #bah ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dah771 7ii7 mon?ly insurance b5efits "u section #bjb ( su* ,act 7#db ,u4,s4,c4 #djb7 bas$ on su* individual's disability 7z def9$ 9 section #bbc7;d7 ( su* ,act 7#db ,u4,s4,c4 #dbc7;d7771 or 7iii7 b5efits "u title ,,xvi ( su* ,act 7#db ,u4,s4,c4 #acha et seq47 bas$ on su* individual's /atus z a disabl$ individual 7z det]m9$ "u section #afad ( su* ,act 7#db ,u4,s4,c4 #achb;c774 7,b7 ,re/rictions on individuals :o improp]ly claim$ cr$it 9 prior ye> 7i7 ,prior fraudul5t or reckless claims 7,i7 ,9 g5]al ,no cr$it %all be all[$ "u subsection 7a7 = any taxable ye> 9 ! disall[ance p]iod4 7,,ii7 ,disall[ance p]iod ,= purposes ( subclause 7,i71 ! disall[ance p]iod is-- 7aa7 ! p]iod ( #aj taxable ye>s aft] ! mo/ rec5t taxable ye> = :i* !re 0 a f9al det]m9ation t ! individual's claim ( cr$it "u ?is section 0 due to fraud1 & 7bb7 ! p]iod ( #b taxable ye>s aft] ! mo/ rec5t taxable ye> = :i* !re 0 a f9al det]m9ation t-- 7,,aa7 ! individual's claim ( cr$it "u ?is section 0 due to reckless or int5tional disreg>d ( rules & regulations 7b n due to fraud71 or 7,,bb7 ! individual claim$ ! cr$it "u ?is section & subsequ5tly fail$ to provide ! ,secret>y ) ! social security numb] or docum5tation describ$ 9 clause 7vi7 or 7vii7 ( p>agraph 7#c77;,a7 dur+ ! #ae-mon? p]iod foll[+ ! date ( ! bri? or adoption ( _! *ild1 z requir$ "u subp>agraphs 7,c7 & 7,d7 ( p>agraph 7#c74 7ii7 ,improp] prior claims ,9 ! case ( an individual :o is d5i$ ! cr$it "u ?is section = any taxable ye> z a result ( ! defici5cy proc$ures "u sub*apt] ,b ( *apt] #fc1 no cr$it %all be all[$ "u ?is section = any subsequ5t taxable ye> unless ! individual provides su* in=mation z ! ,secret>y may require to demon/rate eligibility = su* cr$it4 7d7 ,relation%ip ) ,/ate law2 employ] b5efits2 prohibit$ acts 7#a7 ,9 g5]al ,?is section does n preempt or sup]c$e any provision ( ,/ate or local law t au?orizes a ,/ate or local municipality to provide b5efits or paym5ts to any individual = p>5tal leave tak5 by su* individual4 7#b7 ,great] b5efits all[$ ,no?+ 9 ?is ,act %all be con/ru$ to dim9i% ! obligation ( an employ] to comply ) any contract1 collective b>ga9+ agreem5t1 or any employm5t b5efit program or plan t provides great] paid p>5tal leave rights to employees ?an ! cr$it all[$ "u ?is section4 7#c7 ,prohibit$ acts ,x %all be unlawful = any p]son to dis*>ge or 9 any o!r mann] discrim9ate aga9/ an individual because ! individual has claim$1 indicat$ an int5t to claim1 or receiv$ ! cr$it all[$ "u ?is section4 7e7 ,inflation adju/m5t 7#a7 ,9 g5]al ,9 ! case ( any taxable ye> beg9n+ aft] #bjbj1 ! doll> am\nt 9 subsection 7a77#b77;,b77ii7 %all 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 = su* cal5d> ye> by sub/itut+ cal5d> ye> #bjai = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 7#b7 ,r\nd+ ,if any increase det]m9$ "u p>agraph 7#a7 is n a multiple ( #ej1 su* increase %all be r\nd$ to ! ne>e/ multiple ( #ej4 7f7 ,recapture ( cr$it 7#a7 ,9 g5]al ,if a cr$it "u subsection 7a7 is all[$ to a taxpay]1 ! tax impos$ by ?is *apt] %all be increas$ by #bj p]c5t ( ! applicable am\nt = ea* taxable ye> 9 ! recapture p]iod4 7#b7 ,applicable am\nt 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! applicable am\nt %all be equal to-- 7i7 ! am\nt ( ! cr$it all[$ "u subsection 7a71 m9us 7ii7 ! am\nt ( paym5ts made by ! taxpay] dur+ ! prepaym5t p]iod4 7,b7 ,prepaym5t p]iod 7i7 ,9 g5]al ,= purposes ( ?is p>agraph1 ! t]m prepaym5t p]iod means ! p]iod ( #c taxable ye>s subsequ5t to ! taxable ye> 9 :i* ! cr$it "u subsection 7a7 is all[$4 7ii7 ,developm5t ( prepaym5t me*anism ,= purposes ( subp>agraph 7,a77ii71 ! ,secret>y %all e/abli% appropriate proc$ures & me*anisms to all[ taxpay]s to r$uce ! am\nt ( ! tax impos$ "u p>agraph 7#a7 by mak+ paym5ts dur+ ! prepaym5t p]iod4 7#c7 ,recapture p]iod ,= purposes ( ?is subsection1 ! t]m recapture p]iod means ! p]iod ( #e taxable ye>s subsequ5t to ! prepaym5t p]iod4 7#d7 ,return requirem5t ,if ! tax impos$ by ?is *apt] = ! taxable ye> is increas$ "u ?is subsection1 ! taxpay] %all1 not)/&+ section #fjab1 be requir$ to file a return ) respect to ! taxes impos$ "u ?is subtitle4 7#e7 ,jo9t returns ,9 ! case ( a cr$it all[$ "u subsection 7a7 ) respect to a jo9t return1 half ( su* cr$it %all be treat$ z hav+ be5 all[$ to ea* individual fil+ su* return = purposes ( ?is subsection4 7#f7 ,exception ,?is subsection %all n apply to any taxable ye> end+ aft] ! date ( ! dea? ( ! individual all[$ ! cr$it "u subsection 7a74 7g7 ,def9itions ,9 ?is section3 7#a7 ,*ild ,! t]m *ild means a biological or legally adopt$ *ild :o has n atta9$ #ah ye>s ( age4 7#b7 ,p>5t ,! t]m p>5t means-- 7,a7 ! biological "m or fa!r ( a *ild1 or 7,b7 an individual :o legally adopts a *ild1 :o is ! legal gu>dian ( ! *ild & :o int5ds to ma9ta9 ! same pr9cipal place ( abode z ! *ild = m ?an ( ! #ab-mon? p]iod foll[+ ! date ( ! bir? or adoption ( ! *ild4 7#c7 ,p>5tal leave ,! t]m p>5tal leave means any p]iod ( leave f employm5t :i* is tak5 by a p>5t to provide c>e = a *ild4 4 7b7 ,pre-,calculation ( p>5tal leave cr$it ,n lat] ?an ,janu>y #a1 #bjbj1 ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate 7ref]r$ to 9 ?is subsection & subsection 7c7 z ! ,secret>y7 %all e/abli% a program1 to be made available onl9e & ?r\gh su* o!r me?ods z is det]m9$ appropriate by ! ,secret>y1 to all[ individuals :o int5d to take p>5tal leave to-- 7#a7 det]m9e _! av]age weekly wage rate 7z def9$ 9 subsection 7b77#b7 ( section #cf;,c ( ! ,int]nal ,rev5ue ,code ( #aihf72 7#b7 det]m9e :e!r !y satisfy ! requirem5ts "u clauses 7ii7 & 7iii7 ( section #cf;,c7c77#a77;,a7 ( su* ,code &1 if su* requirem5ts are n satisfi$1 det]m9e ! numb] ( h\rs or weeks ne$$ to satisfy su* requirem5ts prior to ! expect$ date ( ! bir? or adoption ( a *ild2 7#c7 calculate-- 7,a7 ! am\nt ( ! p>5tal leave cr$it "u section #cf;,c ( su* ,code bas$ on diff]5t replacem5t p]c5tages 7z describ$ 9 subsection 7b77#a7 ( su* section72 & 7,b7 ! am\nt ( any increase 9 taxes pursuant to subsection 7f7 ( su* section bas$ on diff]5t am\nts ( paym5ts made by ! individual dur+ ! prepaym5t p]iod 7z def9$ 9 p>agraph 7#b77;,b7 ( su* subsection72 & 7#d7 provide ! ,secret>y ) any in=mation requir$ "u subsection 7c77#b77;,a7 ( section #cf;,c ( ! ,int]nal ,rev5ue ,code ( #aihf :i* is available to su* individual at t "t4 7c7 ,exp$it$ am5d$ return process ,= any individual :o has-- 7#a7 tak5 p>5tal leave dur+ a taxable ye>2 7#b7 elect$ to receive a p>5tal leave cr$it c>ryback 7z describ$ 9 subsection 7a77#c7 ( section #cf;,c ( ! ,int]nal ,rev5ue ,code ( #aihf7 = su* p>5tal leave2 & 7#c7 has timely fil$ an am5dm5t to ! income tax return = su* individual = ! prec$+ taxable ye> = ! sole purpose ( claim+ ! cr$it all[$ "u subsection 7a7 ( su* section1 ! ,secret>y %all e/abli% a sep>ate & exp$it$ process = review+ & process+ su* am5d$ returns4 7d7 ,con=m+ am5dm5ts 7#a7 ,! table ( sections = subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( subtitle ,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] ! item relat+ to section #cf;,b ! foll[+3 ,sec4 #cf;,c4 ,p>5tal leave cr$it44 7#b7 ,section #fbaa7;b77#d77;,a7 ( su* ,code is am5d$ by /rik+ & #cf;,b1 #afh7k77#d7 & ins]t+ #cf;,b1 & #cf;,c4 7#c7 ,section #fbac7;g77#b7 ( su* ,code is am5d$-- 7,a7 9 subp>agraph 7,p71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,q71 by /rik+ ! p]iod at ! end & ins]t+ 1 &2 & 7,c7 by ins]t+ aft] subp>agraph 7,q7 ! foll[+3 7,r7 an omission ( in=mation requir$ by subsection 7c7 ( section #cf;,c or an entry on ! return claim+ ! cr$it "u su* section = a taxable ye> = :i* su* cr$it is disall[$ pursuant to section #cf;,c7c77#d74 4 7#d7 ,p>agraph 7#b7 ( section #acbd7;b7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ #cf;,c1 aft] #cf;,b14 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjai4