# Pub. L. 103-66: changes to the Internal Revenue Code 1993-08-10, 107 Stat. 457. Source: . ## Legislative history - Bill: [H.R. 2264](https://www.congress.gov/bill/103rd-congress/house-bill/2264) ## § 1: Tax imposed - § 1(a), § 1(b), § 1(c), § 1(d), § 1(e): Pub. L. 103–66, §§ 13201(a), 13202(a), amended subsecs. (a) to (e) generally, substituting five-tiered tax tables for all categories applicable to tax years after December 31, 1992, for prior three-tiered tax tables. - § 1(f)(1): Pub. L. 103–66, § 13201(b)(3)(A)(i), substituted “1993” for “1990”. - § 1(f)(3)(B): Pub. L. 103–66, § 13201(b)(3)(A)(ii), substituted “1992” for “1989”. - § 1(f)(7): Pub. L. 103–66, § 13201(b)(3)(B), added par. (7). - § 1(h): Pub. L. 103–66, § 13206(d)(2), inserted as concluding provision at end “For purposes of the preceding sentence, the net capital gain for any taxable year shall be reduced (but not below zero) by the amount which the taxpayer elects to take into account as investment income for the taxable year under section 163(d)(4)(B)(iii).” ## § 11: Tax imposed - § 11(b): Pub. L. 103–66, § 13221(a)(3), inserted at end of closing provisions “In the case of a corporation which has taxable income in excess of $15,000,000, the amount of the tax determined under the foregoing provisions of this paragraph shall be increased by an additional amount equal to the lesser of (i) 3 percent of such excess, or (ii) $100,000.” - § 11(b): Pub. L. 103–66, § 13221(a)(1), (2), added subpars. (C) and (D) and struck out former subpar. (C) which read as follows: “34 percent of so much of the taxable income as exceeds $75,000.” - § 11(b): Pub. L. 103–66, § 13221(b), substituted “35 percent” for “34 percent”. ## § 25: Interest on certain home mortgages - § 25(h), § 25(i), § 25: Pub. L. 103–66 redesignated subsecs. (i) and (j) as (h) and (i), respectively, and struck out heading and text of former subsec. (h). Text read as follows: “No election may be made under subsection (c)(2)(A)(ii) for any period after June 30, 1992.” ## § 32: Earned income - § 32(a): Pub. L. 103–66, § 13131(a), amended heading and text of subsec. (a) generally. Prior to amendment, text read as follows: “In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to the sum of— - § 32(b): Pub. L. 103–66, § 13131(a), substituted “Percentages and amounts” for “Computation of credit” in heading and amended text generally. Prior to amendment, text related to method of computation of both earned income credit and health insurance credit. - § 32(c)(1)(A): Pub. L. 103–66, § 13131(b), amended heading and text of subpar. (A) generally. Prior to amendment, text read as follows: “The term ‘eligible individual’ means any individual who has a qualifying child for the taxable year.” - § 32(c)(3)(D)(ii): Pub. L. 103–66, § 13131(d)(1), redesignated cl. (iii) as (ii), substituted “clause (i)” for “clause (i) or (ii)”, and struck out heading and text of former cl. (ii). Text read as follows: “In the case of any taxpayer with respect to which the health insurance credit is allowed under subsection (a)(2), the Secretary may require a taxpayer to include an insurance policy number or other adequate evidence of insurance in addition to any information required to be included in clause (i).” - § 32(i)(1): Pub. L. 103–66, § 13131(c)(1), added par. (1) and struck out text and heading of former par. (1). Text read as follows: “In the case of any taxable year beginning after the applicable calendar year, each dollar amount referred to in paragraph (2)(B) shall be increased by an amount equal to— - § 32(i)(2), § 32(i): Pub. L. 103–66, § 13131(c), redesignated par. (3) as (2) and struck out former par. (2) which defined terms for purposes of the inflation adjustment in par. (1). ## § 38: General business credit - § 38(b)(7): Pub. L. 103–66, § 13302(a)(1), struck out “plus” at end. - § 38(b)(8): Pub. L. 103–66, § 13322(a), which directed amendment of par. (8) by striking “plus” at end, could not be executed because “plus” did not appear at end. - § 38(b)(8): Pub. L. 103–66, § 13302(a)(1), substituted “, and” for period at end. - § 38(b)(9): Pub. L. 103–66, § 13443(b)(1), struck out “plus” at end. - § 38(b)(9): Pub. L. 103–66, § 13322(a), substituted “, plus” for period at end. - § 38(b)(9): Pub. L. 103–66, § 13302(a)(1), added par. (9). - § 38(b)(10): Pub. L. 103–66, § 13443(b)(1), substituted “, plus” for period at end. - § 38(b)(10): Pub. L. 103–66, § 13322(a), added par. (10). - § 38(b)(11): Pub. L. 103–66, § 13443(b)(1), added par. (11). - § 38(c)(2), § 38(c)(3): Pub. L. 103–66, § 13302(c)(1), added par. (2) and redesignated former par. (2) as (3). ## § 39: Carryback and carryforward of unused credits - § 39(d): Pub. L. 103–66, § 13302(a)(2), added par. (4). - § 39(d): Pub. L. 103–66, § 13322(d), added par. (5). - § 39(d): Pub. L. 103–66, § 13443(b)(2), added par. (6). ## § 41: Credit for increasing research activities - § 41(c)(3)(B)(ii): Pub. L. 103–66, § 13112(a), amended heading and text of cl. (ii) generally. Prior to amendment, text read as follows: “In a case to which this subparagraph applies, the fixed-base percentage is 3 percent.” - § 41(c)(3)(B)(iii): Pub. L. 103–66, § 13112(b)(1), substituted “clauses (i) and (ii)” for “clause (i)”. - § 41(c)(3)(D): Pub. L. 103–66, § 13112(b)(2), substituted “subparagraphs (A) and (B)(ii)” for “subparagraph (A)”. - § 41(e)(5)(C): Pub. L. 103–66, § 13201(b)(3)(C), substituted “1992” for “1989” in cls. (i) and (ii). - § 41(h): Pub. L. 103–66, § 13111(a)(1), substituted “June 30, 1995” for “June 30, 1992” in pars. (1) and (2) and “July 1, 1995” for “July 1, 1992” in two places in par. (2). ## § 42: Low-income housing credit - § 42(g)(8): Pub. L. 103–66, § 13142(b)(3), added par. (8). - § 42(h)(6)(B)(iv), § 42(h)(6)(B)(v), § 42(h)(6)(B)(vi): Pub. L. 103–66, § 13142(b)(4), added cl. (iv) and redesignated former cls. (iv) and (v) as (v) and (vi), respectively. - § 42(i)(2): Pub. L. 103–66, § 13142(b)(5), added subpar. (E). - § 42(i)(3)(D): Pub. L. 103–66, § 13142(b)(2), amended heading and text of subpar. (D) generally. Prior to amendment, text read as follows: “A unit shall not fail to be treated as a low-income unit merely because it is occupied by an individual who is— - § 42(m)(2)(B)(iv): Pub. L. 103–66, § 13142(b)(1), added cl. (iv). - § 42: Pub. L. 103–66, § 13142(a)(1), struck out subsec. (o) which provided that subsec. (h)(3)(C)(i) would not apply to any amount allocated after June 30, 1992, and that subsec. (h)(4) would not apply to any building placed in service after June 30, 1992, with an exception for bond-financed buildings in progress. ## § 45A: Indian employment credit - Enacted 26 U.S.C. § 45A. ## § 45B: Credit for portion of employer social security taxes paid with respect to employee cash tips - Enacted 26 U.S.C. § 45B. ## § 45C: Clinical testing expenses for certain drugs for rare diseases or conditions - § 45C(b)(1): Pub. L. 103–66, § 13111(a)(2), substituted “June 30, 1995” for “June 30, 1992”. - § 45C: Pub. L. 103–66, § 13111(b), substituted “December 31, 1994” for “June 30, 1992”. ## § 51: Amount of credit - § 51(c)(4): Pub. L. 103–66, § 13102(a), substituted “December 31, 1994” for “June 30, 1992”. - § 51(i)(1)(A): Pub. L. 103–66, § 13302(d), inserted “, or, if the taxpayer is an entity other than a corporation, to any individual who owns, directly or indirectly, more than 50 percent of the capital and profits interests in the entity,” after “of the corporation”. ## § 53: Credit for prior year minimum tax liability - § 53(d)(1)(B)(ii)(II): Pub. L. 103–66, § 13171(c), substituted “(5), and (7)” for “(5), (6), and (8)”. - § 53(d)(1)(B)(ii)(II): Pub. L. 103–66, § 13113(b)(2), substituted “(6), and (8)” for “and (6)”. ## § 55: Alternative minimum tax imposed - § 55(b)(1): Pub. L. 103–66, § 13203(a), amended heading and text of par. (1) generally. Prior to amendment, text read as follows: “The tentative minimum tax for the taxable year is— - § 55(d)(1): Pub. L. 103–66, § 13203(b), substituted “$45,000” for “$40,000” in subpar. (A), “$33,750” for “$30,000” in subpar. (B), and “$22,500” for “$20,000” in subpar. (C). - § 55(d)(3): Pub. L. 103–66, § 13203(c)(1), substituted “$165,000 or (ii) $22,500” for “$155,000 or (ii) $20,000” in last sentence. ## § 56: Adjustments in computing alternative minimum taxable income - § 56: Pub. L. 103–66, § 13115(a), inserted at end “The preceding sentence shall not apply to any property placed in service after December 31, 1993, and the depreciation deduction with respect to such property shall be determined under the rules of subsection (a)(1)(A).” - § 56: Pub. L. 103–66, § 13227(c)(1), substituted “sections 936 (including subsections (a)(4) and (i) thereof) and 921” for “sections 936 and 921”. - § 56: Pub. L. 103–66, § 13227(c)(2), added subcls. (IV) and (V). - § 56: Pub. L. 103–66, § 13171(b), added subpar. (J). ## § 57: Items of tax preference - § 57(a)(6), § 57(a)(7): Pub. L. 103–66, § 13171(a), redesignated pars. (7) and (8) as (6) and (7), respectively, and struck out heading and text of former par. (6). Text read as follows: - § 57(a): Pub. L. 103–66, § 13171(a), redesignated par. (8) as (7). - § 57(a): Pub. L. 103–66, § 13113(b)(1), added par. (8). ## § 62: Adjusted gross income defined - § 62(a)(15): Pub. L. 103–66 added par. (15). ## § 63: Taxable income defined - § 63(c)(4)(B): Pub. L. 103–66 substituted “1992” for “1989”. ## § 67: 2-percent floor on miscellaneous itemized deductions - § 67(b)(6), § 67(b)(7), § 67(b)(8), § 67(b)(9), § 67(b)(10), § 67(b)(11), § 67(b)(12), § 67(b)(13): Pub. L. 103–66 redesignated pars. (7) to (13) as (6) to (12), respectively, and struck out former par. (6) which read as follows: “the deduction under section 217 (relating to moving expenses),”. ## § 68: Overall limitation on itemized deductions - § 68(b): Pub. L. 103–66, § 13201(b)(3)(E), substituted “1992” for “1989”. - § 68: Pub. L. 103–66, § 13204, struck out heading and text of subsec. (f). Text read as follows: “This section shall not apply to any taxable year beginning after December 31, 1995.” ## § 82: Reimbursement of moving expenses - § 82: Pub. L. 103–66 substituted “Except as provided in section 132(a)(6), there shall” for “There shall”. ## § 86: Social security and tier 1 railroad retirement benefits - § 86(a): Pub. L. 103–66, § 13215(a), designated existing provisions as par. (1), inserted par. (1) heading, substituted “Except as provided in paragraph (2), gross” for “Gross”, redesignated former pars. (1) and (2) as subpars. (A) and (B), respectively, and added par. (2). - § 86(c): Pub. L. 103–66, § 13215(b), amended heading and text of subsec. (c) generally. Prior to amendment, text read as follows: “For purposes of this section, the term ‘base amount’ means— ## § 108: Income from discharge of indebtedness - § 108(a)(1)(D): Pub. L. 103–66, § 13150(a), added subpar. (D). - § 108(a)(2)(A): Pub. L. 103–66, § 13150(c)(1), substituted “, (C), and (D)” for “and (C)”. - § 108(a)(2)(B): Pub. L. 103–66, § 13150(c)(2), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “Subparagraph (C) of paragraph (1) shall not apply to a discharge to the extent the taxpayer is insolvent.” - § 108(b)(2)(C), § 108(b)(2)(D), § 108(b)(2)(E): Pub. L. 103–66, § 13226(b)(1), added subpar. (C) and redesignated former subpars. (C) and (D) as (D) and (E), respectively. Former subpar. (E) redesignated (F). - § 108(b)(2)(F): Pub. L. 103–66, § 13226(b)(2), added subpar. (F). Former subpar. (F) redesignated (G). - § 108(b)(2)(F): Pub. L. 103–66, § 13226(b)(1), redesignated subpar. (E) as (F). - § 108(b)(2)(G): Pub. L. 103–66, § 13226(b)(2), redesignated subpar. (F) as (G). - § 108(b)(3)(B): Pub. L. 103–66, § 13226(b)(3)(A), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “The reductions described in subparagraphs (B) and (E) of paragraph (2) shall be 33⅓ cents for each dollar excluded by subsection (a).” - § 108(b)(4)(B): Pub. L. 103–66, § 13226(b)(3)(B), substituted “(D)” for “(C)” in heading and text. - § 108(b)(4)(C): Pub. L. 103–66, § 13226(b)(3)(C), substituted “(G)” for “(E)” in heading and text. - § 108(c): Pub. L. 103–66, § 13150(b), added subsec. (c). - § 108(d): Pub. L. 103–66, § 13150(c)(3)(B), substituted “certain provisions” for “subsections (a), (b) and (g)” in heading. - § 108(d)(6), § 108(d)(7)(A): Pub. L. 103–66, § 13150(c)(3)(A), (C), substituted “Certain provisions” for “Subsections (a), (b) and (g)” in heading and “subsections (a), (b), (c), and (g)” for “subsections (a), (b), and (g)” in text. - § 108(d)(7)(B): Pub. L. 103–66, § 13150(c)(4), inserted at end “The preceding sentence shall not apply to any discharge to the extent that subsection (a)(1)(D) applies to such discharge.” - § 108(d)(9)(A): Pub. L. 103–66, § 13150(c)(5), inserted “or under paragraph (3)(B) of subsection (c)” after “subsection (b)”. - § 108(e)(6): Pub. L. 103–66, § 13226(a)(2)(B), substituted “Except as provided in regulations, for” for “For”. - § 108(e)(8): Pub. L. 103–66, § 13226(a)(1)(B), amended heading and text of par. (8) generally. Prior to amendment, text read as follows: “For purposes of determining income of the debtor from discharge of indebtedness, the stock for debt exception shall not apply— - § 108(e)(10), § 108(e): Pub. L. 103–66, § 13226(a)(1)(A), redesignated par. (11) as (10) and struck out former par. (10) which related to satisfaction of indebtedness by transfer of corporation’s stock. - § 108(g)(3)(B): Pub. L. 103–66, § 13226(b)(3)(D), substituted “subparagraphs (A), (B), (C), (D), (F), and (G)” for “subparagraphs (A), (B), (C), and (E)” and “subparagraphs (B), (C), and (G)” for “subparagraphs (B) and (E)” and inserted before period at end “and the attribute described in subparagraph (F) of subsection (b)(2) to the extent attributable to any passive activity credit carryover”. ## § 127: Educational assistance programs - § 127(d): Pub. L. 103–66 substituted “December 31, 1994” for “June 30, 1992”. ## § 132: Certain fringe benefits - § 132(a)(6): Pub. L. 103–66, § 13213(d)(1), added par. (6). - § 132(f)(6)(B): Pub. L. 103–66, § 13201(b)(3)(F), struck out before period at end “, determined by substituting ‘calendar year 1992’ for ‘calendar year 1989’ in subparagraph (B) thereof”. - § 132(g), § 132(h): Pub. L. 103–66, § 13213(d)(2), added subsec. (g) and redesignated former subsec. (g) as (h). Former subsec. (h) redesignated (i). - § 132(i): Pub. L. 103–66, § 13213(d)(2), redesignated subsec. (h) as (i). Former subsec. (i) redesignated (j). - § 132(i): Pub. L. 103–66, § 13101(b), amended heading and text of par. (8) generally. Prior to amendment, text read as follows: “Amounts which would be excludible from gross income under section 127 but for subsection (a)(2) thereof or the last sentence of subsection (c)(1) thereof shall be excluded from gross income under this section if (and only if) such amounts are a working condition fringe.” - § 132(j): Pub. L. 103–66, § 13213(d)(2), redesignated subsec. (i) as (j). Former subsec. (j) redesignated (k). - § 132(j)(4)(B)(iii): Pub. L. 103–66, § 13213(d)(3)(B), substituted “subsection (h)” for “subsection (f)”. - § 132(k): Pub. L. 103–66, § 13213(d)(2), redesignated subsec. (j) as (k). Former subsec. (k) redesignated (l). - § 132(l): Pub. L. 103–66, § 13213(d)(2), (3)(C), redesignated subsec. (k) as (l) and substituted “subsections (e) and (g)” for “subsection (e)”. Former subsec. (l) redesignated (m). - § 132(m): Pub. L. 103–66, § 13213(d)(2), redesignated subsec. (l) as (m). ## § 143: Mortgage revenue bonds: qualified mortgage bond and qualified veterans’ mortgage bond - § 143(a)(1): Pub. L. 103–66, § 13141(a), amended heading and text of par. (1) generally. Prior to amendment, text read as follows: - § 143(d)(2)(C): Pub. L. 103–66, § 13141(d)(1), added subpar. (C). - § 143(i)(1)(C): Pub. L. 103–66, § 13141(d)(2), added subpar. (C). - § 143(k)(3)(B)(iii): Pub. L. 103–66, § 13141(d)(3), inserted “(other than land described in subsection (i)(1)(C)(i))” after “cost of land”. - § 143(k)(7): Pub. L. 103–66, § 13141(e), inserted at end “Subparagraph (B) shall not apply to any 2-family residence if the residence is a targeted area residence and the family income of the mortgagor meets the requirement of subsection (f)(3)(B).” - § 143(k)(10): Pub. L. 103–66, § 13141(c), added par. (10). ## § 144: Qualified small issue bond; qualified student loan bond; qualified redevelopment bond - § 144(a)(12)(B): Pub. L. 103–66 amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “In the case of any bond issued as part of an issue 95 percent or more of the net proceeds of which are to be used to provide— ## § 146: Volume cap - § 146(g): Pub. L. 103–66, which directed the amendment of par. (4) by adding at the end thereof the following flush sentence: “Paragraph (4) shall be applied without regard to ‘75 percent of’ if all of the property to be financed by the net proceeds of the issue is to be owned by a governmental unit (within the meaning of section 142(b)(1)).”, was executed by inserting the sentence at the end of subsec. (g), to reflect the probable intent of Congress. ## § 151: Allowance of deductions for personal exemptions - § 151(d)(3): Pub. L. 103–66, § 13205, struck out heading and text of subpar. (E). Text read as follows: “This paragraph shall not apply to any taxable year beginning after December 31, 1996.” - § 151(d)(4)(A): Pub. L. 103–66, § 13201(b)(3)(G), substituted “1992” for “1989”. ## § 162: Trade or business expenses - § 162(e): Pub. L. 103–66, § 13222(a), amended heading and text generally. Prior to amendment, text consisted of pars. (1) and (2) relating to deduction of ordinary and necessary expenses paid or incurred in connection with certain activities relating to congressional, State, and local legislation. - § 162(l)(2)(B): Pub. L. 103–66, § 13174(b)(1), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “Paragraph (1) shall not apply to any taxpayer who is eligible to participate in any subsidized health plan maintained by any employer of the taxpayer or of the spouse of the taxpayer.” - § 162(l)(3): Pub. L. 103–66, § 13131(d)(2), amended heading and text of par. (3) generally. Prior to amendment, text read as follows: - § 162(l): Pub. L. 103–66, § 13174(a)(1), substituted “December 31, 1993” for “June 30, 1992”. - § 162(m): Pub. L. 103–66, § 13211(a), added subsec. (m). Former subsec. (m) redesignated (n). - § 162(n): Pub. L. 103–66, § 13442(a), added subsec. (n). Former subsec. (n) redesignated (o). - § 162(n): Pub. L. 103–66, § 13211(a), redesignated subsec. (m) as (n). - § 162(o): Pub. L. 103–66, § 13442(a), redesignated subsec. (n) as (o). ## § 163: Interest - § 163(d)(4)(B): Pub. L. 103–66, § 13206(d)(1), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “The term ‘investment income’ means the sum of— - § 163(j): Pub. L. 103–66, § 13228(c)(2), substituted “for interest on certain indebtedness” for “for certain interest paid by corporation to related person” in heading. - § 163(j)(3): Pub. L. 103–66, § 13228(a), amended heading and text of par. (3) generally. Prior to amendment, text read as follows: “For purposes of this subsection— - § 163(j)(5): Pub. L. 103–66, § 13228(c)(1), struck out “to a related person” after “by the taxpayer” in introductory provisions. - § 163(j)(6): Pub. L. 103–66, § 13228(b), added subpars. (D) and (E). ## § 167: Depreciation - § 167(c): Pub. L. 103–66, § 13261(b)(2), amended heading and text of subsec. (c) generally. Prior to amendment, text read as follows: “The basis on which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain on the sale or other disposition of such property.” - § 167(e)(2): Pub. L. 103–66, § 13206(c)(2), amended heading and text of par. (2) generally. Prior to amendment, text read as follows: “This subsection shall not apply to any term interest to which section 273 applies.” - § 167(f): Pub. L. 103–66, § 13261(b)(1), added subsec. (f). Former subsec. (f) redesignated (g). - § 167(g): Pub. L. 103–66, § 13261(b)(1), (f)(1), redesignated subsec. (f) as (g) and amended heading and text generally, designating existing provisions of text as par. (1) and adding par. (2). ## § 168: Accelerated cost recovery system - § 168(c): Pub. L. 103–66, § 13151(a), substituted “39 years” for “31.5 years” in table item relating to nonresidential real property. - § 168(j): Pub. L. 103–66, § 13321(a), added subsec. (j). ## § 170: Charitable, etc., contributions and gifts - § 170(f)(8): Pub. L. 103–66, § 13172(a), added par. (8). - § 170(f)(9): Pub. L. 103–66, § 13222(b), added par. (9). ## § 172: Net operating loss deduction - § 172(d)(2): Pub. L. 103–66, § 13113(d)(1)(A), amended heading and text of par. (2) generally. Prior to amendment, text read as follows: “In the case of a taxpayer other than a corporation, the amount deductible on account of losses from sales or exchanges of capital assets shall not exceed the amount includible on account of gains from sales or exchanges of capital assets.” - § 172(d)(4)(B): Pub. L. 103–66, § 13113(d)(1)(B), which directed the insertion of “, (2)(B),” after “paragraph (1)”, was executed by making the insertion after “paragraphs (1)” to reflect the probable intent of Congress. ## § 179: Election to expense certain depreciable business assets - § 179(b)(1): Pub. L. 103–66 substituted “$17,500” for “$10,000”. ## § 196: Deduction for certain unused business credits - § 196(c)(6): Pub. L. 103–66, § 13302(b)(2), added par. (6). - § 196(c)(7): Pub. L. 103–66, § 13322(c)(2), added par. (7). ## § 197: Amortization of goodwill and certain other intangibles - Enacted 26 U.S.C. § 197. ## § 213: Medical, dental, etc., expenses - § 213: Pub. L. 103–66 struck out heading and text of subsec. (f). Text read as follows: “The amount otherwise taken into account under subsection (a) as expenses paid for medical care shall be reduced by the amount (if any) of the health insurance credit allowable to the taxpayer for the taxable year under section 32.” ## § 217: Moving expenses - § 217(b): Pub. L. 103–66, § 13213(a)(1), amended subsec. (b) generally, restating former par. (1)(A) and (B) as par. (1) and former par. (3)(C) as par. (2) and striking out former par. (1)(C) to (E) which included certain traveling, meals, lodging, and residence sale, purchase, and lease expenses in the term “moving expenses”, par. (2) which defined “qualified residence sale, purchase, or lease expenses”, and par. (3)(A) and (B) which placed dollar limits on the amount allowed to be deducted as moving expenses. - § 217(c)(1): Pub. L. 103–66, § 13213(b), substituted “50 miles” for “35 miles” in subpars. (A) and (B). - § 217(e): Pub. L. 103–66, § 13213(a)(2)(A), struck out heading and text of subsec. (e). Text read as follows: “The amount realized on the sale of the residence described in subparagraph (A) of subsection (b)(2) shall not be decreased by the amount of any expenses described in such subparagraph which are allowed as a deduction under subsection (a), and the basis of a residence described in subparagraph (B) of subsection (b)(2) shall not be increased by the amount of any expenses described in such subparagraph which are allowed as a deduction under subsection (a). This subsection shall not apply to any expenses with respect to which an amount is included in gross income under subsection (d)(3).” - § 217(f): Pub. L. 103–66, § 13213(a)(2)(B), amended heading and text of subsec. (f) generally. Prior to amendment, text read as follows: - § 217(g)(3): Pub. L. 103–66, § 13213(a)(2)(C), inserted “and” at end of subpar. (A), redesignated subpar. (C) as (B), and struck out former subpar. (B) which read as follows: “for purposes of subsection (b)(3), as if such place of work was within the same general location as the member’s new principal place of work, and”. - § 217(h): Pub. L. 103–66, § 13213(a)(2)(D), redesignated pars. (2) to (4) as (1) to (3), respectively, and struck out heading and text of former par. (1). Text read as follows: “In the case of a foreign move— ## § 274: Disallowance of certain entertainment, etc., expenses - § 274(a)(3): Pub. L. 103–66, § 13210(a), added par. (3). - § 274(e)(4): Pub. L. 103–66, § 13210(b), inserted at end “This paragraph shall not apply for purposes of subsection (a)(3).” - § 274(m)(3): Pub. L. 103–66, § 13272(a), added par. (3). - § 274(n): Pub. L. 103–66, § 13209(a), (b), substituted “50” for “80” in heading and in concluding provisions of par. (1). ## § 280C: Certain expenses for which credits are allowable - § 280C(a): Pub. L. 103–66, § 13322(c)(1), substituted “45A(a), 51(a), and” for “51(a)”. - § 280C(a): Pub. L. 103–66, § 13302(b)(1), substituted “Rule for employment credits” for “Rule for targeted jobs credit” in heading and “the sum of the credits determined for the taxable year under sections 51(a) and 1396(a)” for “the amount of the credit determined for the taxable year under section 51(a)” in text. ## § 305: Distributions of stock and stock rights - § 305(e), § 305(f): Pub. L. 103–66 added subsec. (e) and redesignated former subsec. (e) as (f). ## § 381: Carryovers in certain corporate acquisitions - § 381(c)(26): Pub. L. 103–66 added par. (26). ## § 382: Limitation on net operating loss carryforwards and certain built-in losses following ownership change - § 382(l)(5)(C): Pub. L. 103–66 amended heading and text of subpar. (C) generally. Prior to amendment, text read as follows: ## § 401: Qualified pension, profit-sharing, and stock bonus plans - § 401(a)(17): Pub. L. 103–66 inserted par. heading, designated existing provisions as subpar. (A), inserted subpar. heading, substituted “$150,000” for “$200,000” in first sentence, struck out after first sentence “The Secretary shall adjust the $200,000 amount at the same time and in the same manner as under section 415(d).”, and added subpar. (B). ## § 404: Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan - § 404(l): Pub. L. 103–66 substituted “$150,000” for “$200,000” in first sentence and “The Secretary shall adjust the $150,000 amount at the same time, and by the same amount, as any adjustment under section 401(a)(17)(B).” for “The Secretary shall adjust the $200,000 amount at the same time and in the same manner as under section 415(d).” ## § 408: Individual retirement accounts - § 408(k)(3)(C), § 408(k)(6)(D)(ii): Pub. L. 103–66, § 13212(b)(1), substituted “$150,000” for “$200,000”. - § 408(k)(8): Pub. L. 103–66, § 13212(b)(2), amended heading and text of par. (8) generally. Prior to amendment, text read as follows: “The Secretary shall adjust the $300 amount in paragraph (2)(C) and the $200,000 amount in paragraphs (3)(C) and (6)(D)(ii) at the same time and in the same manner as under section 415(d), except that in the case of years beginning after 1988, the $200,000 amount (as so adjusted) shall not exceed the amount in effect under section 401(a)(17).” ## § 453A: Special rules for nondealers - § 453A(c)(3): Pub. L. 103–66 inserted at end “For purposes of applying the preceding sentence with respect to so much of the gain which, when recognized, will be treated as long-term capital gain, the maximum rate on net capital gain under section 1(h) or 1201 (whichever is appropriate) shall be taken into account.” ## § 469: Passive activity losses and credits limited - § 469(c)(2): Pub. L. 103–66, § 13143(b)(1), substituted “Except as provided in paragraph (7), the” for “The”. - § 469(c)(7): Pub. L. 103–66, § 13143(a), added par. (7). - § 469(i)(3)(E)(iv): Pub. L. 103–66, § 13143(b)(2), inserted “or any loss allowable by reason of subsection (c)(7)” after “loss”. ## § 475: Mark to market accounting method for dealers in securities - Enacted 26 U.S.C. § 475. ## § 501: Exemption from tax on corporations, certain trusts, etc. - § 501(c)(2): Pub. L. 103–66, § 13146(b), inserted at end “Rules similar to the rules of subparagraph (G) of paragraph (25) shall apply for purposes of this paragraph.” - § 501(c)(25)(G): Pub. L. 103–66, § 13146(a), added subpar. (G). ## § 505: Additional requirements for organizations described in paragraph (9) or (17) of section 501(c) - § 505(b)(7): Pub. L. 103–66 substituted “Compensation limit” for “$200,000 compensation limit” in heading and “exceed $150,000. The Secretary shall adjust the $150,000 amount at the same time, and by the same amount, as any adjustment under section 401(a)(17)(B).” for “exceed $200,000. The Secretary shall adjust the $200,000 amount at the same time and in the same manner as under section 415(d).” in text. ## § 512: Unrelated business taxable income - § 512(b)(1): Pub. L. 103–66, § 13148(a), inserted “amounts received or accrued as consideration for entering into agreements to make loans,” before “and annuities”. - § 512(b)(5): Pub. L. 103–66, § 13148(b), in second sentence, substituted “all gains or losses recognized, in connection with the organization’s investment activities, from” for “all gains on”, struck out “, written by the organization in connection with its investment activities,” after “termination of options”, and inserted before period at end “or real property and all gains or losses from the forfeiture of good-faith deposits (that are consistent with established business practice) for the purchase, sale, or lease of real property in connection with the organization’s investment activities”. - § 512(b)(16): Pub. L. 103–66, § 13147(a), added par. (16). - § 512(c)(2), § 512(c): Pub. L. 103–66, § 13145(a), redesignated par. (3) as (2), substituted “paragraph (1)” for “paragraph (1) or (2)”, and struck out heading and text of former par. (2). Text read as follows: “Notwithstanding any other provision of this section— ## § 513: Unrelated trade or business - § 513(h)(2)(C)(ii): Pub. L. 103–66 substituted “calendar year 1992” for “calendar year 1989”. ## § 514: Unrelated debt-financed income - § 514(c)(9)(A): Pub. L. 103–66, § 13144(b)(1), inserted at end “For purposes of this paragraph, an interest in a mortgage shall in no event be treated as real property.” - § 514(c)(9)(B): Pub. L. 103–66, § 13144(b)(2), struck out at end “For purposes of this paragraph, an interest in a mortgage shall in no event be treated as real property.” - § 514(c)(9)(G), § 514(c)(9)(H): Pub. L. 103–66, § 13144(a), added subpars. (G) and (H). ## § 531: Imposition of accumulated earnings tax - § 531: Pub. L. 103–66, § 13202(b), substituted “39.6 percent” for “36 percent”. - § 531: Pub. L. 103–66, § 13201(b)(1), substituted “36 percent” for “28 percent”. ## § 541: Imposition of personal holding company tax - § 541: Pub. L. 103–66, § 13202(b), substituted “39.6 percent” for “36 percent”. - § 541: Pub. L. 103–66, § 13201(b)(2), substituted “36 percent” for “28 percent”. ## § 642: Special rules for credits and deductions - § 642(c)(4): Pub. L. 103–66, § 13113(d)(2), amended heading and text of par. (4) generally. Prior to amendment, text read as follows: “In the case of a trust, the deduction allowed by this subsection shall be subject to section 681 (relating to unrelated business income).” - § 642(f): Pub. L. 103–66, § 13261(f)(2), substituted “sections 169 and 197” for “section 169”. ## § 643: Definitions applicable to subparts A, B, C, and D - § 643(a)(3): Pub. L. 103–66 inserted at end “The exclusion under section 1202 shall not be taken into account.” ## § 691: Recipients of income in respect of decedents - § 691(c)(4): Pub. L. 103–66 inserted “1202,” after “1201,”. ## § 703: Partnership computations - § 703(b)(1): Pub. L. 103–66 substituted “subsection (b)(5) or (c)(3)” for “subsection (b)(5)”. ## § 736: Payments to a retiring partner or a deceased partner’s successor in interest - § 736(b)(3): Pub. L. 103–66, § 13262(a), added par. (3). - § 736: Pub. L. 103–66, § 13262(b)(2)(B), struck out heading and text of subsec. (c). Text read as follows: “For limitation on the tax attributable to certain gain connected with section 1248 stock, see section 751(e).” ## § 751: Unrealized receivables and inventory items - § 751(c): Pub. L. 103–66, § 13262(b)(1), in concluding provisions, substituted “section 731 or 741” for “section 731, 736, or 741” in two places and “, sections 731 and 741 (but not for purposes of section 736)” for “sections 731, 736, and 741” in two places. - § 751(d)(1): Pub. L. 103–66, § 13206(e)(1), amended heading and text of par. (1) generally. Prior to amendment, text read as follows: “Inventory items of the partnership shall be considered to have appreciated substantially in value if their fair market value exceeds— - § 751(e): Pub. L. 103–66, § 13262(b)(2)(A), substituted “sections 731 and 741” for “sections 731, 736, and 741”. ## § 848: Capitalization of certain policy acquisition expenses - § 848(g): Pub. L. 103–66 substituted “this section or section 197” for “this section”. ## § 852: Taxation of regulated investment companies and their shareholders - § 852(b)(3)(D)(iii): Pub. L. 103–66 substituted “65 percent” for “66 percent”. ## § 856: Definition of real estate investment trust - § 856(h)(3): Pub. L. 103–66 added par. (3). ## § 864: Definitions and special rules - § 864(f): Pub. L. 103–66, § 13234(a), substituted “50 percent” for “64 percent” in cls. (i) and (ii). - § 864(f): Pub. L. 103–66, § 13234(b)(2), substituted “subparagraph (B) or (C)” for “subparagraph (C)”. - § 864(f): Pub. L. 103–66, § 13234(b)(1), added pars. (5) and (6) and struck out heading and text of former par. (5). Text read as follows: ## § 865: Source rules for personal property sales - § 865(b): Pub. L. 103–66 inserted at end “Notwithstanding the preceding sentence, any income from the sale of any unprocessed timber which is a softwood and was cut from an area in the United States shall be sourced in the United States and the rules of sections 862(a)(6) and 863(b) shall not apply to any such income. For purposes of the preceding sentence, the term ‘unprocessed timber’ means any log, cant, or similar form of timber.” ## § 871: Tax on nonresident alien individuals - § 871(a)(2): Pub. L. 103–66, § 13113(d)(5), inserted “such gains and losses shall be determined without regard to section 1202 and” after “except that” in second sentence. - § 871(h)(2)(B)(ii): Pub. L. 103–66, § 13237(c)(1), substituted “paragraph (5)” for “paragraph (4)”. - § 871(h)(4), § 871(h)(5), § 871(h)(6), § 871(h)(7): Pub. L. 103–66, § 13237(a)(1), added par. (4) and redesignated former pars. (4) to (6) as (5) to (7), respectively. ## § 881: Tax on income of foreign corporations not connected with United States business - § 881(c)(2)(B)(ii): Pub. L. 103–66, § 13237(c)(2), substituted “section 871(h)(5)” for “section 871(h)(4)”. - § 881(c)(4), § 881(c)(5): Pub. L. 103–66, § 13237(a)(2), added par. (4) and redesignated former par. (4) as (5). Former par. (5) redesignated (6). - § 881(c)(6): Pub. L. 103–66, § 13237(a)(2), (c)(3), redesignated par. (5) as (6) and substituted “section 871(h)(6)” for “section 871(h)(5)” in two places. Former par. (6) redesignated (7). - § 881(c)(7): Pub. L. 103–66, § 13237(a)(2), redesignated par. (6) as (7). ## § 897: Disposition of investment in United States real property - § 897(a)(2): Pub. L. 103–66 substituted “Minimum” for “21-percent minimum” in heading and “the taxable excess for purposes of section 55(b)(1)(A) shall not be less than” for “the amount determined under section 55(b)(1)(A) shall not be less than 21 percent of” in subpar. (A). ## § 904: Limitation on credit - § 904(b)(4): Pub. L. 103–66, § 13227(d), inserted before period at end “(without regard to subsections (a)(4) and (i) thereof)”. - § 904(d)(2)(A): Pub. L. 103–66, § 13235(a)(2), inserted “and” at end of subcl. II, substituted “income.” for “income, and” in subcl. III, and struck out subcl. (IV) which read as follows: “any foreign oil and gas extraction income (as defined in section 907(c)).” ## § 907: Special rules in case of foreign oil and gas income - § 907(c)(1), § 907(c)(2): Pub. L. 103–66 inserted concluding provisions. ## § 951: Amounts included in gross income of United States shareholders - § 951(a)(1)(B): Pub. L. 103–66, § 13232(c)(1), substituted “the amount determined under section 956 with respect to such shareholder for such year (but only to the extent not excluded from gross income under section 959(a)(2)); and” for “his pro rata share (determined under section 956(a)(2)) of the corporation’s increase in earnings invested in United States property for such year (but only to the extent not excluded from gross income under section 959(a)(2)); and”. - § 951(a)(1): Pub. L. 103–66, § 13231(a), added subpar. (C). - § 951(a)(4): Pub. L. 103–66, § 13232(c)(2), struck out heading and text of par. (4). Text read as follows: “For purposes of paragraph (1)(B), the pro rata share of any United States shareholder in the increase of the earnings of a controlled foreign corporation invested in United States property shall not exceed an amount (A) which bears the same ratio to his pro rata share of such increase (as determined under section 956(a)(2)) for the taxable year, as (B) the part of such year during which the corporation is a controlled foreign corporation bears to the entire year.” ## § 954: Foreign base company income - § 954(b): Pub. L. 103–66, § 13235(a)(3)(B), struck out “(1),” after “such corporation under paragraph”. - § 954(c)(3)(C): Pub. L. 103–66, § 13233(a)(1), added subpar. (C). - § 954(d)(4): Pub. L. 103–66, § 13239(d), added par. (4). - § 954(f): Pub. L. 103–66, § 13235(b), inserted at end of concluding provisions “Except as provided in paragraph (1), such term shall not include any dividend or interest income which is foreign personal holding company income (as defined in subsection (c)).” - § 954(g): Pub. L. 103–66, § 13235(a)(3)(A), inserted at end “Such term shall not include any foreign personal holding company income (as defined in subsection (c)).” ## § 956: Investment of earnings in United States property - § 956(a): Pub. L. 103–66, § 13232(a)(2), added subsec. (a) and struck out former subsec. (a) which consisted of introductory provisions and pars. (1) to (3) setting out general rules for calculating amount of earnings of a controlled foreign corporation invested in United States and pro rata share of the increase for any taxable year in earnings of such a corporation invested in United States property. - § 956(b), § 956(c), § 956(d): Pub. L. 103–66, § 13232(a), added subsec. (b) and redesignated former subsecs. (b) and (c) as (c) and (d), respectively. - § 956(e): Pub. L. 103–66, § 13232(b), added subsec. (e). ## § 959: Exclusion from gross income of previously taxed earnings and profits - § 959(a): Pub. L. 103–66, § 13231(c)(2)(A), (4)(A), substituted in introductory provisions “earnings and profits” for “earnings and profits for taxable year” and inserted at end of closing provisions “The rules of subsection (c) shall apply for purposes of paragraph (1) of this subsection and the rules of subsection (f) shall apply for purposes of paragraphs (2) and (3) of this subsection.” - § 959(a): Pub. L. 103–66, § 13231(c)(1), added par. (3). - § 959(b): Pub. L. 103–66, § 13231(c)(4)(A), substituted “earnings and profits” for “earnings and profits for a taxable year”. - § 959(c)(1): Pub. L. 103–66, § 13231(c)(2)(C), amended par. (1) generally. Prior to amendment, par. (1) read as follows: “first to earnings and profits attributable to amounts included in gross income under section 951(a)(1)(B) (or which would have been included except for subsection (a)(2) of this section),”. - § 959(c)(2): Pub. L. 103–66, § 13231(c)(4)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “then to earnings and profits attributable to amounts included in gross income under section 951(a)(1)(A) (but reduced by amounts not included under section 951(a)(1)(B) because of the exclusion in subsection (a)(2) of this section), and”. - § 959(f): Pub. L. 103–66, § 13231(c)(2)(B), added subsec. (f). ## § 960: Deemed paid credit for subpart F inclusions - § 960(b): Pub. L. 103–66 added pars. (1) to (3), redesignated former pars. (3) and (4) as (4) and (5), respectively, and struck out former par. (1) relating to increase in section 904 limitation and former par. (2) relating to the amount of increase. ## § 988: Treatment of certain foreign currency transactions - § 988(d)(1): Pub. L. 103–66 substituted “section 475 or 1256” for “section 1256” and “Sections 475, 1092, and 1256” for “Sections 1092 and 1256”. ## § 989: Other definitions and special rules - § 989(b): Pub. L. 103–66 substituted “subparagraph (B) or (C) of section 951(a)(1)” for “section 951(a)(1)(B)” in last sentence. ## § 993: Definitions and special rules - § 993(c)(2): Pub. L. 103–66, § 13239(b)(2), inserted at end “For purposes of subparagraph (E), the term ‘unprocessed timber’ means any log, cant, or similar form of timber.” - § 993(c)(2)(E): Pub. L. 103–66, § 13239(b)(1), added subpar. (E). ## § 1001: Determination of amount of and recognition of gain or loss - § 1001: Pub. L. 103–66 struck out heading and text of subsec. (f). Text read as follows: “For treatment of certain expenses incident to the sale of a residence which were deducted as moving expenses by the taxpayer or his spouse under section 217(a), see section 217(e).” ## § 1016: Adjustments to basis - § 1016(a)(19), § 1016(a)(20), § 1016(a)(21), § 1016(a)(22), § 1016(a)(23): Pub. L. 103–66, § 13261(f)(3), redesignated pars. (20) to (24) as (19) to (23), respectively, and struck out former par. (19) which read as follows: “for amounts allowed as deductions for payments made on account of transfers of franchises, trademarks, or trade names under section 1253(d)(2);”. - § 1016(a)(24): Pub. L. 103–66, § 13261(f)(3), redesignated par. (25) as (24). Former par. (24) redesignated (23). - § 1016(a)(24): Pub. L. 103–66, § 13114(b), substituted “section 1043 or 1044” for “section 1043” and “section 1043(c) or 1044(d), as the case may be” for “section 1043(c)”. - § 1016(a)(25), § 1016(a)(26): Pub. L. 103–66, § 13261(f)(3), redesignated pars. (25) and (26) as (24) and (25), respectively. - § 1016(e): Pub. L. 103–66, § 13213(a)(2)(F), amended heading and text of subsec. (e) generally. Prior to amendment, text read as follows: ## § 1017: Discharge of indebtedness - § 1017(a)(2): Pub. L. 103–66, § 13150(c)(6), substituted “, (b)(5), or (c)(1)” for “or (b)(5)”. - § 1017(b)(3)(A): Pub. L. 103–66, § 13150(c)(7), inserted “or (c)(1)” after “subsection (b)(5)”. - § 1017(b)(3)(F): Pub. L. 103–66, § 13150(c)(8), added subpar. (F). ## § 1033: Involuntary conversions - § 1033(h), § 1033(i): Pub. L. 103–66 added subsec. (h) and redesignated former subsec. (h) as (i). ## § 1060: Special allocation rules for certain asset acquisitions - § 1060(b)(1): Pub. L. 103–66, § 13261(e)(1), substituted “section 197 intangibles” for “goodwill or going concern value”. - § 1060(d)(1): Pub. L. 103–66, § 13261(e)(2), substituted “section 197 intangibles” for “goodwill or going concern value (or similar items)”. ## § 1202: Partial exclusion for gain from certain small business stock - Enacted 26 U.S.C. § 1202. ## § 1245: Gain from dispositions of certain depreciable property - § 1245(a)(2)(C): Pub. L. 103–66, § 13261(f)(4), substituted “or 193” for “193, or 1253(d)(2) or (3)”. - § 1245(a)(3): Pub. L. 103–66, § 13261(f)(5), struck out “section 185 or 1253(d)(2) or (3)” after “amortization provided in” in introductory provisions. ## § 1253: Transfers of franchises, trademarks, and trade names - § 1253(d)(2), § 1253(d)(3), § 1253(d): Pub. L. 103–66 added pars. (2) and (3) and struck out former pars. (2) relating to deduction of certain payments for transfer of a franchise, trademark, or trade name not treated as sale or exchange of capital asset, (3) relating to treatment of amounts paid or incurred on account of transfer, sale, or other disposition of a franchise, trademark, or trade name to which pars. (1) and (2) did not apply, (4) relating to renewals for purposes of determining term of transfer agreement under this section or period of amortization under this subtitle, and (5) relating to rules applicable to this subsection. ## § 1258: Recharacterization of gain from certain financial transactions - Enacted 26 U.S.C. § 1258. ## § 1276: Disposition gain representing accrued market discount treated as ordinary income - § 1276(a)(4): Pub. L. 103–66, § 13206(b)(2)(B)(i), substituted “sections 103, 871(a),” for “sections 871(a)”. - § 1276: Pub. L. 103–66, § 13206(b)(1)(A), struck out heading and text of subsec. (e). Text read as follows: “This section shall not apply to any market discount bond issued on or before July 18, 1984.” ## § 1277: Deferral of interest deduction allocable to accrued market discount - § 1277: Pub. L. 103–66 struck out heading and text of subsec. (d). Text read as follows: “In the case of a market discount bond issued on or before July 18, 1984, any gain recognized by the taxpayer on any disposition of such bond shall be treated as ordinary income to the extent the amount of such gain does not exceed the amount allowable with respect to such bond under subsection (b)(2) for the taxable year in which such bond is disposed of.” ## § 1278: Definitions and special rules - § 1278(a)(1)(B)(ii): Pub. L. 103–66, § 13206(b)(2)(A)(i), redesignated cls. (iii) and (iv) as (ii) and (iii), respectively, and struck out heading and text of former cl. (ii). Text read as follows: “Any tax-exempt obligation (as defined in section 1275(a)(3)).” - § 1278(a)(1)(C), § 1278(a)(1)(D): Pub. L. 103–66, § 13206(b)(2)(A)(ii), (iii), added subpar. (C) and redesignated former subpar. (C) as (D). - § 1278(a)(4)(B): Pub. L. 103–66, § 13206(b)(2)(B)(ii), inserted before period at end “or, in the case of a tax-exempt obligation, the aggregate amount of the original issue discount which accrued in the manner provided by section 1272(a) (determined without regard to paragraph (7) thereof) during periods before the acquisition of the bond by the taxpayer”. - § 1278(b)(1): Pub. L. 103–66, § 13206(b)(2)(B)(i), substituted “sections 103, 871(a),” for “sections 871(a)” in last sentence. ## § 1293: Current taxation of income from qualified electing funds - § 1293(c): Pub. L. 103–66 inserted at end “If the passive foreign investment company is a controlled foreign corporation (as defined in section 957(a)), the preceding sentence shall not apply to any United States shareholder (as defined in section 951(b)) in such corporation, and, in applying section 959 to any such shareholder, any inclusion under this section shall be treated as an inclusion under section 951(a)(1)(A).” ## § 1297: Passive foreign investment company - § 1297(a): Pub. L. 103–66, § 13231(d)(1), substituted in closing provisions “In the case of a controlled foreign corporation (or any other foreign corporation if such corporation so elects), the determination under paragraph (2) shall be based on the adjusted bases (as determined for purposes of computing earnings and profits) of its assets in lieu of their value. Such an election, once made, may be revoked only with the consent of the Secretary.” for “A foreign corporation may elect to have the determination under paragraph (2) based on the adjusted bases of its assets in lieu of their value. Such an election, once made, may be revoked only with the consent of the Secretary.” - § 1297(b): Pub. L. 103–66, § 13231(d)(3), added par. (3). ## § 1298: Special rules - § 1298(b): Pub. L. 103–66, § 13231(d)(2), added par. (9). - § 1298(d), § 1298(e), § 1298(f): Pub. L. 103–66, § 13231(d)(4), added subsecs. (d) and (e) and redesignated former subsec. (d) as (f). ## § 1391: Designation procedure - Enacted 26 U.S.C. § 1391. ## § 1392: Eligibility criteria - Enacted 26 U.S.C. § 1392. ## § 1393: Definitions and special rules - Enacted 26 U.S.C. § 1393. ## § 1394: Tax-exempt enterprise zone facility bonds - Enacted 26 U.S.C. § 1394. ## § 1396: Empowerment zone employment credit - Enacted 26 U.S.C. § 1396. ## § 1397: Other definitions and special rules - Enacted 26 U.S.C. § 1397. ## § 1397A: Increase in expensing under section 179 - Enacted 26 U.S.C. § 1397A. ## § 1397C: Enterprise zone business defined - Enacted 26 U.S.C. § 1397C. ## § 1397D: Qualified zone property defined - Enacted 26 U.S.C. § 1397D. ## § 1397F: Regulations - Enacted 26 U.S.C. § 1397F. ## § 1402: Definitions - § 1402(b): Pub. L. 103–66, § 13207(b)(1)(C), (D), in concluding provisions, inserted “and” after “section 3121(b),” and struck out “and (C) includes, but only with respect to the tax imposed by section 1401(b), remuneration paid for medicare qualified government employment (as defined in section 3121(u)(3)) which is subject to the taxes imposed by sections 3101(b) and 3111(b)” after “section 3201 or 3211,”. - § 1402(b)(1): Pub. L. 103–66, § 13207(b)(1)(A), (B), substituted “in the case of the tax imposed by section 1401(a), that part of the net” for “that part of the net” and “contribution and benefit base (as determined under section 230 of the Social Security Act)” for “applicable contribution base (as determined under subsection (k))”. - § 1402(k): Pub. L. 103–66, § 13207(b)(2), struck out subsec. (k) which defined parameters of the applicable contribution base under this chapter. ## § 1441: Withholding of tax on nonresident aliens - § 1441(c)(9): Pub. L. 103–66 substituted “section 871(h)(3) or (4)” for “section 871(h)(3)”. ## § 1442: Withholding of tax on foreign corporations - § 1442(a): Pub. L. 103–66 substituted “871(h)(3) or (4)” for “871(h)(3)” and “881(c)(3) or (4)” for “881(c)(3)”. ## § 1445: Withholding of tax on dispositions of United States real property interests - § 1445(e)(1), § 1445(e)(2): Pub. L. 103–66 substituted “35 percent” for “34 percent”. ## § 2001: Imposition and rate of tax - § 2001(c): Pub. L. 103–66, § 13208(a), substituted in table provisions that if the amount on which the tax is computed is over $2,500,000 but not over $3,000,000, then the tentative tax is $1,025,800, plus 53% of the excess over $2,500,000 and if the amount on which the tax is computed is over $3,000,000, then the tentative tax is $1,290,800, plus 55% of the excess over $3,000,000 for provisions that if the amount on which the tax is computed is over $2,500,000, then the tentative tax is $1,025,800, plus 50% of the excess over $2,500,000. - § 2001(c): Pub. L. 103–66, § 13208(b)(1), (2), redesignated par. (3) as (2), struck out “($18,340,000 in the case of decedents dying, and gifts made, after 1992)” after “exceed $21,040,000”, and struck out former par. (2) which related to the rates of tax on estates under this section for the years 1982 to 1992. ## § 2101: Tax imposed - § 2101(b): Pub. L. 103–66 substituted “section 2001(c)(2)” for “section 2001(c)(3)” in last sentence. ## § 2105: Property without the United States - § 2105(b): Pub. L. 103–66 substituted “this subchapter, the following shall not be deemed property within the United States” for “this subchapter” in introductory provisions, added par. (3) and concluding provisions, and struck out former par. (3) and concluding provisions which read as follows: ## § 3121: Definitions - § 3121(a)(1): Pub. L. 103–66, § 13207(a)(1), inserted “in the case of the taxes imposed by sections 3101(a) and 3111(a)” after “(1)”, substituted “contribution and benefit base (as determined under section 230 of the Social Security Act)” for “applicable contribution base (as determined under subsection (x))” in two places, and substituted “such contribution and benefit base” for “such applicable contribution base”. - § 3121(x): Pub. L. 103–66, § 13207(a)(2), struck out subsec. (x) which defined parameters of the applicable contribution base for purposes of this chapter. ## § 3122: Federal service - § 3122: Pub. L. 103–66 substituted “contribution and benefit base limitation” for “applicable contribution base limitation”. ## § 3125: Returns in the case of governmental employees in States, Guam, American Samoa, and the District of Columbia - § 3125: Pub. L. 103–66 which directed the amendment of this section by substituting “contribution and benefit base limitation” for “applicable contribution base limitation” without specifying where the substitution was to be made, was executed by making the substitution in subsecs. (a) to (d) to reflect the probable intent of Congress. ## § 3231: Definitions - § 3231(e)(2)(A)(iii): Pub. L. 103–66, § 13207(c)(1), added cl. (iii). - § 3231(e)(2)(B)(i): Pub. L. 103–66, § 13207(c)(2), amended heading and text of cl. (i) generally. Prior to amendment, text read as follows: ## § 3301: Rate of tax - § 3301: Pub. L. 103–66, § 13751(1), substituted “1998” for “1996”. - § 3301: Pub. L. 103–66, § 13751(2), substituted “1999” for “1997”. ## § 4041: Imposition of tax - § 4041(a)(1): Pub. L. 103–66, § 13242(d)(3), amended heading and text of par. (1) generally. Prior to amendment, text read as follows: “There is hereby imposed a tax on any liquid (other than any product taxable under section 4081)— - § 4041(a)(1): Pub. L. 103–66, § 13163(a)(2), substituted “diesel-powered highway vehicle or diesel-powered boat” for “diesel-powered highway vehicle” in subpars. (A) and (B) and “such vehicle or boat” for “such vehicle” in subpar. (A). - § 4041(a)(2): Pub. L. 103–66, § 13242(d)(4), in introductory provisions, struck out “or paragraph (1) of this subsection” after “section 4081” and, in closing provisions, substituted “The rate of the tax imposed by this paragraph shall be the rate of tax specified in section 4081(a)(2)(A) on gasoline which is in effect at the time of such sale or use.” for “The rate of the tax imposed by this paragraph shall be the sum of the Highway Trust Fund financing rate and the deficit reduction rate in effect under section 4081 at the time of such sale or use.” - § 4041(a)(3): Pub. L. 103–66, § 13241(e)(1), added par. (3). - § 4041(b)(1)(B): Pub. L. 103–66, § 13242(d)(5)(A), substituted “paragraph (1)(B), (2)(B), or (3)(A)(ii)” for “paragraph (1)(B) or (2)(B)” and inserted before period at end “(if any)”. - § 4041(b)(1)(C): Pub. L. 103–66, § 13242(d)(5)(B), inserted before period at end “; except that such term shall not, for purposes of subsection (a)(1), include use in a diesel-powered train”. - § 4041(b)(2)(A)(i): Pub. L. 103–66, § 13242(d)(5)(C), struck out “Highway Trust Fund financing” before “rate applicable”. - § 4041(c)(1): Pub. L. 103–66, § 13242(d)(6), substituted “The rate of the tax imposed by this paragraph shall be the rate of tax specified in section 4091(b)(1) which is in effect at the time of such sale or use.” for “The rate of the tax imposed by this paragraph shall be the sum of the Airport and Airway Trust Fund financing rate and the aviation fuel deficit reduction rate in effect under section 4091 at the time of such sale or use.” in concluding provisions. - § 4041(c)(1): Pub. L. 103–66, § 13241(b)(2)(B)(iii), struck out “of 17.5 cents per gallon” before “upon any liquid” in introductory provisions and inserted “The rate of the tax imposed by this paragraph shall be the sum of the Airport and Airway Trust Fund financing rate and the aviation fuel deficit reduction rate in effect under section 4091 at the time of such sale or use.” before last sentence in concluding provisions. - § 4041(c)(2): Pub. L. 103–66, § 13242(d)(7), substituted “gasoline (as defined in section 4083)” for “any product taxable under section 4081”. - § 4041(c)(3): Pub. L. 103–66, § 13241(b)(2)(A), amended heading and text of par. (3) generally. Prior to amendment, text read as follows: “The rate of tax imposed by paragraph (2) on any gasoline is the excess of 15 cents a gallon over the sum of the Highway Trust Fund financing rate plus the deficit reduction rate at which tax was imposed on such gasoline under section 4081.” - § 4041(c): Pub. L. 103–66, § 13242(d)(8), inserted at end “The termination under the preceding sentence shall not apply to so much of the tax imposed by paragraph (1) as does not exceed 4.3 cents per gallon.” - § 4041(d)(1): Pub. L. 103–66, § 13241(e)(2), substituted “subsection (a)(1) or (2)” for “subsection (a)” before “on such sale or use”. - § 4041(d)(2): Pub. L. 103–66, § 13242(d)(9), (10), redesignated par. (3) as (2), substituted “(other than gasoline (as defined in section 4083))” for “(other than any product taxable under section 4081)”, and struck out heading and text of former par. (2). Text read as follows: “There is hereby imposed a tax of 0.1 cent a gallon on any liquid (other than a product taxable under section 4081)— - § 4041(d)(3), § 4041(d)(4): Pub. L. 103–66, § 13242(d)(9), redesignated pars. (3) and (4) as (2) and (3), respectively. - § 4041(f): Pub. L. 103–66, § 13241(f)(1), struck out heading and text of par. (3). Text read as follows: “Except with respect to the taxes imposed by subsection (d), paragraph (1) shall not apply on and after October 1, 1999.” - § 4041(g): Pub. L. 103–66, § 13241(f)(2), struck out at end “Except with respect to the taxes imposed by subsection (d), paragraphs (2) and (4) shall not apply on and after October 1, 1999.” - § 4041(k): Pub. L. 103–66, § 13242(d)(11), struck out “Highway Trust Fund financing” before “rates under paragraphs” and substituted “section 4081(c)” for “sections 4081(c) and 4091(c), as the case may be”. - § 4041(k): Pub. L. 103–66, § 13242(d)(12), substituted “4091(c)” for “4091(d)”. - § 4041(m)(1)(A): Pub. L. 103–66, § 13242(d)(13), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “under subsection (a)(2)— - § 4041(m)(1)(A): Pub. L. 103–66, § 13241(c), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “under subsection (a)(2) the Highway Trust Fund financing rate shall be 5.75 cents per gallon and the deficit reduction rate shall be 1.25 cents per gallon, and”. - § 4041(m)(1)(B): Pub. L. 103–66, § 13242(d)(13), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the rate of the tax imposed by subsection (c)(1) shall be the comparable rate under section 4091(d)(1).” ## § 4042: Tax on fuel used in commercial transportation on inland waterways - § 4042(b)(1): Pub. L. 103–66, § 13241(d)(1), added subpar. (C). - § 4042(b)(2): Pub. L. 103–66, § 13241(d)(2), added subpar. (C). ## § 4081: Imposition of tax - § 4081: Pub. L. 103–66, § 13242(a), amended section generally, substituting, in subsec. (a), provisions imposing tax on taxable fuels for provisions imposing tax on gasoline, in subsec. (b), provisions relating to treatment of removal or subsequent sale of taxable fuels by blender for provisions relating to treatment of removal or subsequent sale of gasoline by blender or compounder, in subsec. (c), provisions relating to taxable fuels mixed with alcohol for provisions relating to gasoline mixed with alcohol at refinery etc., in subsec. (d), provisions decreasing tax rate imposed on taxable fuels to 4.3 cents per gallon beginning on and after Oct. 1, 1999, for provisions terminating the Highway Trust Fund financing and deficit reduction rates on and after Oct. 1, 1999, and Oct. 1, 1995, respectively, and, in subsec. (e), “taxable fuel” for “gasoline” in two places. - § 4081(a)(2)(B): Pub. L. 103–66, § 13241(a), amended cl. (iii) generally, substituting “6.8 cents per gallon” for “2.5 cents a gallon”. ## § 4082: Exemptions for diesel fuel and kerosene - § 4082: Pub. L. 103–66 amended heading and text generally. Prior to amendment, text read as follows: ## § 4083: Definitions; special rule; administrative authority - § 4083: Pub. L. 103–66 amended heading and text generally. Prior to amendment, text read as follows: ## § 4084: Cross references - Enacted 26 U.S.C. § 4084. ## § 4101: Registration and bond - § 4101(a): Pub. L. 103–66 substituted “4041(a)(1), 4081,” for “4081”. ## § 4102: Inspection of records by local officers - § 4102: Pub. L. 103–66 substituted “any taxable fuel (as defined in section 4083)” for “gasoline”. ## § 4103: Certain additional persons liable for tax where willful failure to pay - § 4103: Pub. L. 103–66 substituted “4041(a)(1), 4081,” for “4081” in introductory provisions. ## § 4131: Imposition of tax - § 4131(c): Pub. L. 103–66 amended subsec. (c) generally. Prior to amendment, subsec. (c) related to termination of tax if amounts collected exceeded projected fund liability. ## § 4221: Certain tax-free sales - § 4221(c): Pub. L. 103–66 substituted “4001(d)” for “4002(b), 4003(c), 4004(a)”. ## § 4222: Registration - § 4222(d): Pub. L. 103–66 substituted “4001(d)” for “4002(b), 4003(c), 4004(a)”. ## § 4977: Tax on certain fringe benefits provided by an employer - § 4977(c): Pub. L. 103–66 substituted “section 132(i)(2)” for “section 132(g)(2)” in closing provisions. ## § 4980B: Failure to satisfy continuation coverage requirements of group health plans - § 4980B(f)(1): Pub. L. 103–66 inserted “the coverage of the costs of pediatric vaccines (as defined under section 2162 of the Public Health Service Act) is not reduced below the coverage provided by the plan as of May 1, 1993, and only if” after “only if”. ## § 5000: Certain group health plans - § 5000(a): Pub. L. 103–66, § 13561(e)(2)(A)(i), which directed insertion of “(including a self-employed person)” after “employer”, was executed by making the insertion after “employer” the first time it appeared, to reflect the probable intent of Congress. - § 5000(b)(1): Pub. L. 103–66, § 13561(e)(2)(A)(ii), amended heading and text of par. (1) generally. Prior to amendment, text read as follows: “The term ‘group health plan’ means any plan of, or contributed to by, an employer (including a self-insured plan) to provide health care (directly or otherwise) to the employer’s employees, former employees, or the families of such employees or former employees.” - § 5000(b)(2): Pub. L. 103–66, § 13561(d)(2), inserted at end “For purposes of the preceding sentence—” and added subpars. (A) to (C). - § 5000(c): Pub. L. 103–66, § 13561(e)(2)(A)(iii), substituted “of paragraph (1), or with the requirements of paragraph (2), of section 1862(b)” for “of section 1862(b)(1)”. ## § 6033: Returns by exempt organizations - § 6033(e), § 6033(f): Pub. L. 103–66 added subsec. (e) and redesignated former subsec. (e) as (f). ## § 6050P: Returns relating to the cancellation of indebtedness by certain entities - Enacted 26 U.S.C. § 6050P. ## § 6096: Designation by individuals - § 6096(a): Pub. L. 103–66 substituted “$6” for “$2” and “$3” for “$1” wherever appearing. ## § 6103: Confidentiality and disclosure of returns and return information - § 6103(d)(4): Pub. L. 103–66, § 13444(a), added par. (4). - § 6103(l)(7): Pub. L. 103–66, § 13403(b), inserted “, or certain housing assistance programs” after “Code” in heading. - § 6103(l)(7)(D): Pub. L. 103–66, §§ 13401(a), 13403(a)(4), in closing provisions, substituted “September 30, 1998” for “September 30, 1997” in second sentence and inserted at end “Clause (ix) shall not apply after September 30, 1998.” - § 6103(l)(7)(D)(ix): Pub. L. 103–66, § 13403(a)(1)–(3), added cl. (ix). - § 6103(l)(12)(B)(i): Pub. L. 103–66, § 13561(a)(2)(A), inserted “, above an amount (if any) specified by the Secretary of Health and Human Services,” after “section 3401(a))”. - § 6103(l)(12)(B)(ii): Pub. L. 103–66, § 13561(a)(2)(B), inserted “, above an amount (if any) specified by the Secretary of Health and Human Services,” after “wages”. - § 6103(l)(12)(E)(ii): Pub. L. 103–66, § 13561(e)(2)(B), amended heading and text of cl. (ii) generally. Prior to amendment, text read as follows: “The term ‘group health plan’ means— - § 6103(l)(12): Pub. L. 103–66, § 13561(a)(2)(C)(i), substituted “1998” for “1995”. - § 6103(l)(12): Pub. L. 103–66, § 13561(a)(2)(C)(ii), substituted “1997” for “1994”. - § 6103(l)(12): Pub. L. 103–66, § 13561(a)(2)(C)(iii), substituted “1998” for “1995”. - § 6103(l)(13): Pub. L. 103–66, § 13402(a), added par. (13). - § 6103(m)(4): Pub. L. 103–66, § 13402(b)(1), amended par. heading generally, substituting “Individuals who owe an overpayment of Federal Pell grants or who have defaulted on student loans administered by the Department of Education” for “Individuals who have defaulted on student loans administered by the Department of Education”. - § 6103(m)(4)(A): Pub. L. 103–66, § 13402(b)(1), amended heading and text subpar. (A) generally. Prior to amendment, text read as follows: “Upon written request by the Secretary of Education, the Secretary may disclose the mailing address of any taxpayer who has defaulted on a loan— - § 6103(m)(4)(B)(i): Pub. L. 103–66, § 13402(b)(2)(A), substituted “under part B or D” for “under part B”. - § 6103(m)(4)(B)(ii): Pub. L. 103–66, § 13402(b)(2)(B), substituted “under subpart 1 of part A, or part D or E, of title IV” for “under part E of title IV”. - § 6103(p)(3)(A): Pub. L. 103–66, § 13402(b)(3)(A), substituted “(11), (12), or (13), (m)” for “(11), or (12), (m)”. - § 6103(p)(4): Pub. L. 103–66, § 13402(b)(3)(B)(i), substituted “(10), (11), or (13),” for “(10), or (11),” in introductory provisions. - § 6103(p)(4)(F)(ii): Pub. L. 103–66, § 13402(b)(3)(B)(ii), substituted “(11), (12), or (13),” for “(11), or (12),”. ## § 6115: Disclosure related to quid pro quo contributions - Enacted 26 U.S.C. § 6115. ## § 6117: Cross reference ## § 6206: Special rules applicable to excessive claims under certain sections - § 6206: Pub. L. 103–66 substituted “4041, 4081, or 4091” for “4041 or 4091”. ## § 6302: Mode or time of collection - § 6302(f): Pub. L. 103–66 inserted “and diesel fuel” after “gasoline” in heading. ## § 6412: Floor stocks refunds - § 6412(a)(1): Pub. L. 103–66 substituted “taxable fuel” for “gasoline” wherever appearing in heading and text. ## § 6413: Special rules applicable to certain employment taxes - § 6413(c)(1): Pub. L. 103–66, § 13207(d)(1), substituted “section 3101(a) or section 3201(a) (to the extent of so much of the rate applicable under section 3201(a) as does not exceed the rate of tax in effect under section 3101(a))” for “section 3101 or section 3201”. - § 6413(c)(2)(B), § 6413(c)(2)(C): Pub. L. 103–66, § 13207(d)(2), substituted “section 3101(a)” for “section 3101” wherever appearing. - § 6413(c): Pub. L. 103–66, § 13207(d)(3), struck out heading and text of par. (3). Text read as follows: “In applying this subsection with respect to— ## § 6416: Certain taxes on sales and services - § 6416(a)(4)(A): Pub. L. 103–66, § 13242(d)(17)(A), substituted “gasoline” for “product” in two places. - § 6416(a)(4)(B): Pub. L. 103–66, § 13242(d)(17)(B), substituted “section 4093(b)(2)” for “section 4092(b)(2)” and “ ‘any gasoline taxable under section 4081’ for ‘aviation fuel’ therein)” for “ ‘any product taxable under section 4081’ for ‘a taxable fuel’ therein)”. - § 6416(b)(2): Pub. L. 103–66, § 13242(d)(18), inserted “any tax imposed under section 4041(a)(1) or 4081 on diesel fuel and” after “This paragraph shall not apply in the case of” in concluding provisions. - § 6416(b)(3)(A): Pub. L. 103–66, § 13242(d)(19)(A), substituted “any fuel taxable under section 4081 or 4091” for “gasoline taxable under section 4081 and other than any fuel taxable under section 4091”. - § 6416(b)(3)(B): Pub. L. 103–66, § 13242(d)(19)(B), substituted “any fuel taxable under section 4081 or 4091, such fuel” for “gasoline taxable under section 4081 or any fuel taxable under section 4091, such gasoline or fuel”. ## § 6420: Gasoline used on farms - § 6420(c)(5): Pub. L. 103–66, § 13242(d)(20), substituted “section 4083(a)” for “section 4082(b)”. - § 6420(h): Pub. L. 103–66, § 13241(f)(5), struck out heading and text of subsec. (h). Text read as follows: “Except with respect to taxes imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, this section shall apply only with respect to gasoline purchased before October 1, 1999.” ## § 6421: Gasoline used for certain nonhighway purposes, used by local transit systems, or sold for certain exempt purposes - § 6421(c): Pub. L. 103–66, § 13242(d)(22), inserted at end “The preceding sentence shall apply notwithstanding paragraphs (2)(A) and (3) of subsection (f).” - § 6421(e)(1): Pub. L. 103–66, § 13242(d)(20), substituted “section 4083(a)” for “section 4082(b)”. - § 6421(e)(2)(B): Pub. L. 103–66, § 13163(b), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “The term ‘off-highway business use’ does not include any use in a motorboat. The preceding sentence shall not apply to use in a vessel employed in the fisheries or in the whaling business.” - § 6421(f)(2)(B): Pub. L. 103–66, § 13242(d)(23), inserted before period at end “and, in the case of fuel purchased after September 30, 1995, at so much of the rate specified in section 4081(a)(2)(A) as does not exceed 4.3 cents per gallon”. - § 6421(f)(3): Pub. L. 103–66, § 13242(d)(24), amended heading and text of par. (3) generally. Prior to amendment, text read as follows: “This section shall not apply with respect to the tax imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate and at the deficit reduction rate on gasoline used as a fuel in a train.” - § 6421(f)(3): Pub. L. 103–66, § 13241(f)(6), inserted “and deficit reduction tax” after “tax” in heading and “and at the deficit reduction rate” after “financing rate” in text. - § 6421(i): Pub. L. 103–66, § 13241(f)(7), struck out heading and text of subsec. (i). Text read as follows: “Except with respect to taxes imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, this section shall apply only with respect to gasoline purchased before October 1, 1999.” ## § 6427: Fuels not used for taxable purposes - § 6427(a): Pub. L. 103–66, § 13242(d)(21), substituted “paragraph (2) or (3) of section 4041(a) or section 4041(c)” for “section 4041(a) or (c)” in introductory provisions. - § 6427(b)(1): Pub. L. 103–66, § 13242(d)(25), substituted “if any fuel other than gasoline (as defined in section 4083(a))” for “if any fuel” in introductory provisions and “4081” for “4091” in introductory and concluding provisions. - § 6427(b)(2): Pub. L. 103–66, § 13241(f)(8)(B), substituted “Reduction” for “3-cent reduction” in heading. - § 6427(b)(2)(A): Pub. L. 103–66, § 13242(d)(25)(B), substituted “4081” for “4091”. - § 6427(b)(2)(A): Pub. L. 103–66, § 13241(f)(8)(A), substituted “7.4 cents” for “3.1 cents”. - § 6427(c): Pub. L. 103–66, § 13242(d)(21), substituted “paragraph (2) or (3) of section 4041(a) or section 4041(c)” for “section 4041(a) or (c)”. - § 6427(f): Pub. L. 103–66, § 13242(d)(26)(A), substituted “or 4091(c)(1)(A)” for “, 4091(c)(1)(A), or 4091(d)(1)(A)”. - § 6427(f): Pub. L. 103–66, § 13242(d)(26)(B), amended heading and text of par. (2) generally. Prior to amendment, text read as follows: “For purposes of paragraph (1)— - § 6427(h): Pub. L. 103–66, § 13242(d)(27), substituted “section 4083(a)(2)” for “section 4082(b)”. - § 6427(i)(1): Pub. L. 103–66, § 13242(c)(2)(B), substituted “otherwise provided in this subsection” for “provided in paragraphs (2), (3), and (4)”. - § 6427(i)(3): Pub. L. 103–66, § 13242(d)(28)(A), substituted “alcohol mixture” for “gasohol” in heading. - § 6427(i)(3)(A): Pub. L. 103–66, § 13242(d)(28)(B), substituted “gasoline or diesel fuel used to produce a qualified alcohol mixture (as defined in section 4081(c)(3))” for “gasoline used to produce gasohol (as defined in section 4081(c)(1))”. - § 6427(i)(3)(C): Pub. L. 103–66, § 13242(c)(2)(D), added subpar. (C). - § 6427(i)(4): Pub. L. 103–66, § 13242(d)(30), inserted “4081 or” before “4091” in heading. - § 6427(i): Pub. L. 103–66, § 13242(c)(2)(A), added par. (5). - § 6427(j)(1): Pub. L. 103–66, § 13242(d)(29), substituted “sections 4041, 4081, and 4091” for “section 4041”. - § 6427(k)(2): Pub. L. 103–66, § 13242(c)(2)(C), substituted “(4), or (5)” for “or (4)”. - § 6427(l): Pub. L. 103–66, § 13242(d)(31), amended subsec. heading and headings and text of pars. (1) to (4) generally. Prior to amendment, pars. (1) to (4) read as follows: - § 6427(l): Pub. L. 103–66, § 13241(f)(9), added pars. (3) and (4) and struck out former pars. (3) and (4) which read as follows: - § 6427(l)(5): Pub. L. 103–66, § 13242(c)(1), added par. (5). - § 6427(m): Pub. L. 103–66, § 13241(f)(10), struck out heading and text of subsec. (m). Text read as follows: “For purposes of subsection (a), in the case of gasoline— - § 6427(o): Pub. L. 103–66, § 13241(f)(10), struck out heading and text of subsec. (o). Text read as follows: “Except with respect to taxes imposed by section 4041(d) and sections 4081 and 4091 at the Leaking Underground Storage Tank Trust Fund financing rate, subsections (a), (b), (c), (d), (g), (h), and (l) shall only apply with respect to fuels purchased before October 1, 1999.” ## § 6611: Interest on overpayments - § 6611(e): Pub. L. 103–66 amended heading and text of subsec. (e) generally. Prior to amendment, text read as follows: “If any overpayment of tax imposed by subtitle A is refunded within 45 days after the last date prescribed for filing the return of such tax (determined without regard to any extension of time for filing the return) or, in case the return is filed after such last date, is refunded within 45 days after the date the return is filed, no interest shall be allowed under subsection (a) on such overpayment.” ## § 6652: Failure to file certain information returns, registration statements, etc. - § 6652(k): Pub. L. 103–66, which directed amendment of section by adding subsec. (k) before the last subsection, was executed by adding subsec. (k) after subsec. (j) to reflect the probable intent of Congress. ## § 6654: Failure by individual to pay estimated income tax - § 6654(d)(1)(C), § 6654(d)(1): Pub. L. 103–66, § 13214(a), added subpar. (C) and struck out former subpars. (C) to (F) which related to limitation on use of preceding year’s tax, modified adjusted gross income for current year, qualified pass-thru item, and other definitions and special rules, respectively. - § 6654(j)(3)(A): Pub. L. 103–66, § 13214(b)(1), struck out before period at end “and subsection (d)(1)(C)(iii) shall not apply”. - § 6654(l)(4): Pub. L. 103–66, § 13214(b)(2), substituted “subsection (d)(2)(B)(i)” for “paragraphs (1)(C)(iv) and (2)(B)(i) of subsection (d)”. ## § 6655: Failure by corporation to pay estimated income tax - § 6655(d)(1)(B)(i): Pub. L. 103–66, § 13225(a)(1), substituted “100 percent” for “91 percent” in two places. - § 6655(d)(2): Pub. L. 103–66, § 13225(a)(2)(A)(ii), substituted “100 percent” for “91 percent” in heading. - § 6655(d): Pub. L. 103–66, § 13225(a)(2)(A)(i), struck out heading and text of par. (3). Text read as follows: “In the case of any taxable year beginning after June 30, 1992, and before 1997— - § 6655(e)(2)(A)(i)(II): Pub. L. 103–66, § 13225(b)(1)(A), struck out “or for the first 5 months” after “3 months”. - § 6655(e)(2)(A)(i)(III): Pub. L. 103–66, § 13225(b)(1)(B), struck out “or for the first 8 months” after “6 months”. - § 6655(e)(2)(A)(i)(IV): Pub. L. 103–66, § 13225(b)(1)(C), struck out “or for the first 11 months” after “9 months”. - § 6655(e)(2)(B)(ii): Pub. L. 103–66, § 13225(a)(2)(B), in table, substituted applicable percentages of 25, 50, 75, and 100 for 22.75, 45.50, 68.25, and 91.00, respectively, in 1st, 2nd, 3rd, and 4th installments. - § 6655(e)(2)(C): Pub. L. 103–66, § 13225(b)(2), added subpar. (C). - § 6655(e)(3)(A)(i): Pub. L. 103–66, § 13225(a)(2)(C), substituted “100 percent” for “91 percent”. - § 6655(g)(3): Pub. L. 103–66, § 13225(b)(3), substituted “and, except in the case of an election under subsection (e)(2)(C), subsection (e)(2)(A)” for “and subsection (e)(2)(A)” in last sentence. ## § 6662: Imposition of accuracy-related penalty on underpayments - § 6662(d)(2)(B)(ii): Pub. L. 103–66, § 13251(a), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “any item with respect to which the relevant facts affecting the item’s tax treatment are adequately disclosed in the return or in a statement attached to the return.” - § 6662(e)(1)(B)(ii): Pub. L. 103–66, § 13236(a), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the net section 482 transfer price adjustment for the taxable year exceeds $10,000,000.” - § 6662(e)(3)(B): Pub. L. 103–66, § 13236(b), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: “For purposes of determining whether the $10,000,000 threshold requirement of paragraph (1)(B)(ii) is met, there shall be excluded— - § 6662(e)(3)(D): Pub. L. 103–66, § 13236(c), added subpar. (D). - § 6662(h)(2)(A)(iii): Pub. L. 103–66, § 13236(d), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “ ‘$20,000,000’ for ‘$10,000,000’,”. ## § 6714: Failure to meet disclosure requirements applicable to quid pro quo contributions - Enacted 26 U.S.C. § 6714. ## § 6715: Dyed fuel sold for use or used in taxable use, etc. - Enacted 26 U.S.C. § 6715. ## § 6724: Waiver; definitions and special rules - § 6724(d)(1)(B)(viii), § 6724(d)(1)(B)(ix), § 6724(d)(1)(B)(x), § 6724(d)(1)(B)(xi), § 6724(d)(1)(B)(xii), § 6724(d)(1)(B)(xiii), § 6724(d)(1)(B)(xiv): Pub. L. 103–66, § 13252(b)(1), which directed amendment of subsec. (d)(1)(B) by adding a new cl. (viii) after cl. (vii) and redesignating the following cls. accordingly, was executed by adding cl. (viii) and redesignating former cls. (viii), (ix), (x), (xi), (xii) (relating to section 4101(d)), and (xii) (relating to subpar. (C) of section 338(h)(10)) as (ix), (x), (xi), (xii), (xiii), and (xiv), respectively, to reflect the probable intent of Congress. - § 6724(d)(2)(P), § 6724(d)(2)(Q), § 6724(d)(2)(R), § 6724(d)(2)(S), § 6724(d)(2)(T): Pub. L. 103–66, § 13252(b)(2), added subpar. (P) and redesignated former subpars. (P) through (S) as (Q) through (T), respectively. ## § 7652: Shipments to the United States - § 7652(f)(1): Pub. L. 103–66 amended par. (1) generally, substituting present provisions for “$10.50, or”. ## § 7701: Definitions - § 7701(l), § 7701(m): Pub. L. 103–66 added subsec. (l) and redesignated former subsec. (l) as (m). ## § 7871: Indian tribal governments treated as States for certain purposes - § 7871(a)(6)(B), § 7871(a)(6)(C), § 7871(a)(6): Pub. L. 103–66 redesignated former subpars. (C) and (D) as (B) and (C), respectively, and struck out former subpar. (B) which read as follows: “section 162(e) (relating to appearances, etc., with respect to legislation),”. ## § 9502: Airport and Airway Trust Fund - § 9502(b)(2): Pub. L. 103–66, § 13242(d)(33), substituted “(to the extent of 14 cents per gallon)” for “(to the extent attributable to the Highway Trust Fund financing rate and the deficit reduction rate)”. - § 9502(f): Pub. L. 103–66, § 13242(d)(32), added subsec. (f). ## § 9503: Highway Trust Fund - § 9503(b)(1)(E): Pub. L. 103–66, § 13242(d)(34)(A), substituted “gasoline and diesel fuel), and” for “gasoline),”. - § 9503(b)(1): Pub. L. 103–66, § 13242(d)(34)(B), (C), redesignated subpar. (G) as (F) and struck out former subpar. (F) which read as follows: “section 4091 (relating to tax on diesel fuel), and”. - § 9503(b)(4): Pub. L. 103–66, § 13242(d)(35)(B), which directed amendment of subsec. (b)(4)(C) by substituting “4081” for “4091”, could not be executed because subsec. (b)(4) does not contain a subpar. (C). - § 9503(b)(4)(B): Pub. L. 103–66, § 13242(b)(35)(A), substituted “and 4081” for “, 4081, and 4091” and “rate” for “rates under such sections”. - § 9503(b)(5): Pub. L. 103–66, § 13242(d)(36), substituted “and (E)” for “, (E), and (F)” in introductory provisions. - § 9503(c)(4): Pub. L. 103–66, § 13242(d)(38), substituted “rate” for “rates under such sections”. - § 9503(c)(5)(B): Pub. L. 103–66, § 13242(d)(39), substituted “rate” for “rate under such section”. - § 9503(c): Pub. L. 103–66, § 13242(d)(37), substituted “and 4081” for “, 4081, and 4091” in introductory provisions. - § 9503(e)(2): Pub. L. 103–66, § 13244(a), substituted “2 cents” for “1.5 cents”. - § 9503(e)(2): Pub. L. 103–66, § 13242(d)(40), substituted “and 4081” for “, 4081, and 4091” and “or 4081” for “, 4081, or 4091”. - § 9503(f): Pub. L. 103–66, § 13242(d)(41), added subsec. (f). ## § 9508: Leaking Underground Storage Tank Trust Fund - § 9508(b): Pub. L. 103–66, § 13242(d)(42)(C), which directed the substitution of “4081” for “4091” in last sentence, could not be executed because last sentence did not contain a reference to “4091”. - § 9508(b): Pub. L. 103–66, § 13163(c), inserted at end “For purposes of this subsection, there shall not be taken into account the taxes imposed by sections 4041 and 4081 on diesel fuel sold for use or used as fuel in a diesel-powered boat.” - § 9508(b)(2): Pub. L. 103–66, § 13242(d)(42)(A), inserted “and diesel fuel” after “gasoline”. - § 9508(b)(3): Pub. L. 103–66, § 13242(d)(42)(B), struck out “diesel fuel and” before “aviation fuel”. ## § 9510: Vaccine Injury Compensation Trust Fund - § 9510(c)(1): Pub. L. 103–66 struck out “and before October 1, 1992,” after “September 30, 1988,”.