,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hijj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bh1 #bjbd,mr4  
,nickel introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ taxpay]s to ext5d
 ! compliance p]iod ( ! l[-income h\s+  
cr$it to receive additional cr$its4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,keep ,h\s+ ,af=dable ,act ( #bjbd4  #b4
 ,election to ext5d compliance p]iod (  
l[-income h\s+ cr$it  7a7 ,9 g5]al      
,section #db7;f7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#f7 ,election  
to ext5d compliance p]iod  7,a7 ,9 g5]al
 ,a taxpay] may elect1 9 ! fir/ taxable 
ye> foll[+ ! end ( ! compliance p]iod ) 
respect to a build+1 to apply subsection
 7i77#a7 by-- 7i7 sub/itut+ #ej taxable 
ye>s beg9n+ ) ! #a/ taxable ye> aft] an 
election is made ) respect to su* build+
 "u subsection 7f77#f77;,a7 = #ae       
taxable ye>s beg9n+ ) ! #a/ taxable ye> 

( ! cr$it p]iod1 or  7ii7 sub/itut+ #cj 
taxable ye>s beg9n+ ) ! #a/ taxable ye> 
aft] an election is made ) respect to   
su* build+ "u subsection 7f77#f77;,a7 = 
#ae taxable ye>s beg9n+ ) ! #a/ taxable 
ye> ( ! cr$it p]iod4  7,b7 ,cr$it p]iod 
aft] election ,9 ! case ( a build+ )    
respect to :i* an election is made "u   
subp>agraph 7,a71 ! t]m cr$it p]iod %all
 include ! #ae-ye> p]iod beg9n+ on !    
fir/ day ( ! fir/ taxable ye> ) respect 
to :i* su* election is made4  7,c7      
,limitation ,a taxpay] may n make an    
election "u subp>agraph 7,a7 ) respect  
to a build+ ) respect to :i* an election
 has be5 made "u clause 7ii7 ( su*      
subp>agraph 9 any prec$+ taxable ye>4   
7,d7 ,treat$ z plac$ 9 s]vice ,=        
purposes ( ?is section1 a build+ )      
respect to :i* a taxpay] makes an       
election "u subp>agraph 7,a7 %all be    
treat$ z be+ plac$ 9 s]vice on ! date on
 :i* su* election is made4  4  7b7      
,inclusion 9 selection crit]ia ,section 
#db7m77#a77;,c7 ( su* ,code is am5d$ by 

/rik+ & at ! end ( clause 7ix71 by /rik+
 ! p]iod at ! end ( clause 7x7 & ins]t+ 
1 &1 & by add+ at ! end ! foll[+ new    
clause3  7xi7 projects ) respect to :i* 
an election has be5 made "u subsection  
7f77#f77;,a74  4  7c7 ,exception f      
private activity bonds volume cap       
,section #adf7;g7 ( su* ,code is am5d$  
by /rik+ & at ! end ( p>agraph 7#e71 by 
/rik+ ! p]iod at ! end ( p>agraph 7#f71 
& by ins]t+ aft] p>agraph 7#f7 ! foll[+ 
new p>agraph3  7#g7 any bond us$ to     
ref9ance a qualifi$ l[-income build+ 7z 
def9$ 9 section #db7;c77 dur+ !         
compliance p]iod ( su* build+ if su*    
compliance p]iod 0 ext5d$ at ! election 
( ! taxpay] "u section #db7;f77#f77;,a74
  4  7d7 ,effective date ,! am5dm5t made
 by ?is section %all apply to build+s   
plac$ 9 s]vice aft] ! date ( ! enactm5t 
( ?is ,act4