Pub. L. 109-135 Dec. 21, 2005

119 Stat. 2636 · Changed 118 sections of the Code

Bill H.R. 4440 · Bluebook JCT general explanation (2007)

§ 2 Definitions and special rules

  • (b)(2)(C) Pub. L. 109–135 substituted “subparagraph (B)” for “subparagraph (C)”.

§ 21 Expenses for household and dependent care services necessary for gainful employment

  • (b)(1)(B) Pub. L. 109–135 inserted “(as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and…

§ 23 Adoption expenses

  • (b) Pub. L. 109–135, § 402(i)(3)(A)(i), substituted “In the case of a taxable year to which section 26(a)(2) does not…
  • (c) Pub. L. 109–135, § 402(i)(3)(A)(ii), reenacted heading without change and amended text generally. Prior to amendment…

§ 24 Child tax credit

  • (b) Pub. L. 109–135, § 402(i)(3)(B)(i), substituted “In the case of a taxable year to which section 26(a)(2) does not…
  • (d)(1) Pub. L. 109–135, § 402(i)(3)(B)(ii), reenacted heading without change and amended text generally. Prior to amendment…

§ 25 Interest on certain home mortgages

  • (e)(1)(C) Pub. L. 109–135, § 402(i)(3)(C), reenacted heading without change and amended text generally. Prior to amendment, text…

§ 25B Elective deferrals and IRA contributions by certain individuals

  • § 25B Pub. L. 109–135 substituted “In the case of a taxable year to which section 26(a)(2) does not apply, the credit” for…

§ 25C Energy efficient home improvement credit

  • (b)(2) Pub. L. 109–135 substituted “subsection (c)(2)(B)” for “subsection (c)(3)(B)”.

§ 25D Residential clean energy credit

  • (b)(1) Pub. L. 109–135, § 402(i)(1), inserted “(determined without regard to subsection (c))” after “subsection (a)” in…
  • (c) Pub. L. 109–135, § 402(i)(3)(E), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (e)(4)(A) (e)(4)(B) Pub. L. 109–135, § 402(i)(2), amended subpars. (A) and (B) generally. Prior to amendment, subpars. (A) and (B) read as…

§ 26 Limitation based on tax liability; definition of tax liability

  • (b)(2)(E) Pub. L. 109–135, § 412(c), substituted “section 530(d)(4)” for “section 530(d)(3)”.
  • (b)(2)(T) Pub. L. 109–135, § 403(hh)(1), added subpar. (T).

§ 30B Alternative motor vehicle credit

  • (g)(2) Pub. L. 109–135, § 412(d), substituted “regular tax liability (as defined in section 26(b))” for “regular tax”.
  • (h)(6) Pub. L. 109–135, § 402(j), inserted at end “For purposes of subsection (g), property to which this paragraph applies…

§ 30C Alternative fuel vehicle refueling property credit

  • (d)(2)(A) Pub. L. 109–135, § 412(d), substituted “regular tax liability (as defined in section 26(b))” for “regular tax”.
  • (e)(2) Pub. L. 109–135, § 402(k), inserted at end “For purposes of subsection (d), property to which this paragraph applies…

§ 32 Earned income

  • (c)(2)(B)(vi) Pub. L. 109–135 substituted “2007” for “2006”.

§ 38 General business credit

  • (b)(27) Pub. L. 109–135, § 103(b)(1), added par. (27).
  • (b)(28) (b)(29) (b)(30) Pub. L. 109–135, § 201(b)(1), added pars. (28) to (30).
  • (c)(2)(A)(ii)(II) Pub. L. 109–135, § 412(f)(1), substituted “, the New York Liberty Zone business employee credit, and the specified…
  • (c)(3) Pub. L. 109–135, § 412(f)(2), substituted “and the specified credits” for “or the specified credits”.
  • (c)(4)(B) Pub. L. 109–135, § 412(f)(3), substituted “means” for “includes” in introductory provisions and inserted “and” at end…

§ 39 Carryback and carryforward of unused credits

  • (a)(1)(A) Pub. L. 109–135, § 412(g)(1), substituted “the taxable year” for “each of the 1 taxable years”.
  • (a)(3)(B) Pub. L. 109–135, § 412(g)(2), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows…

§ 40A Biodiesel and renewable diesel used as fuel

  • (b) Pub. L. 109–135 struck out “(determined without regard to the last sentence of subsection (d)(2))” after “any…

§ 41 Credit for increasing research activities

  • (b)(3)(C)(ii) Pub. L. 109–135, § 402(l)(2), struck out “(other than an energy research consortium)” after “organization” in…
  • (f)(6)(C) (f)(6)(D) Pub. L. 109–135, § 402(l)(1), added subpars. (C) and (D).

§ 43 Enhanced oil recovery credit

  • (c)(5) Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows…

§ 45 Electricity produced from certain renewable resources, etc.

  • (c)(3)(A)(ii) Pub. L. 109–135, § 402(b), substituted “lignin material” for “nonhazardous lignin waste material”.
  • (c)(7)(A)(i) Pub. L. 109–135, § 403(t), struck out “synthetic” after “solid”.
  • (d)(8) Pub. L. 109–135, § 412(j)(1), substituted “In the case of a facility that produces refined coal, the term” for “The…
  • (d)(10) Pub. L. 109–135, § 412(j)(2), substituted “In the case of a facility that produces Indian coal, the term” for “The…

§ 45G Railroad track maintenance credit

  • (b) Pub. L. 109–135, § 403(f)(1), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (c)(2) Pub. L. 109–135, § 403(f)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “any person who…

§ 45I Credit for producing oil and gas from marginal wells

  • (a)(2) Pub. L. 109–135 substituted “qualified crude oil production” for “qualified credit oil production”.

§ 45J Credit for production from advanced nuclear power facilities

  • (c)(2) Pub. L. 109–135, § 402(d)(1), amended heading and text of par. (2) generally. Prior to amendment, text read as follows…
  • (e) Pub. L. 109–135, § 402(d)(2), struck out “(2),” after “(1),”.

§ 45K Credit for producing fuel from a nonconventional source

  • (a) Pub. L. 109–135, § 402(g), struck out “if the taxpayer elects to have this section apply,” after “For purposes of…
  • (g) Pub. L. 109–135, § 412(l)(1), substituted “subsection (e)” for “subsection (f)” in introductory provisions.
  • (g)(2)(C) Pub. L. 109–135, § 412(l)(2), substituted “subsection (f)” for “subsection (g)”.

§ 48 Energy credit

  • (a)(1) Pub. L. 109–135, § 412(m), substituted “paragraphs (1)(B) and (2)(B) of subsection (c)” for “paragraph (1)(B) or (2)(B)…
  • (a)(3)(A)(ii) Pub. L. 109–135, § 412(n)(2), struck out “or” at end.
  • (a)(3)(A)(iv) Pub. L. 109–135, § 412(n)(1), redesignated cl. (iii), relating to qualified fuel cell property or qualified…

§ 50 Other special rules

  • (a)(2)(E) Pub. L. 109–135 substituted “section 48(b)” for “section 48(a)(5)”.

§ 55 Alternative minimum tax imposed

  • (c)(2) Pub. L. 109–135, § 403(h), substituted “regular tax liability” for “regular tax”.
  • (c)(3) Pub. L. 109–135, § 412(p)(1), inserted “30B(g)(2), 30C(d)(2),” after “30(b)(3),”.

§ 56 Adjustments in computing alternative minimum taxable income

  • (b)(1)(A)(ii) Pub. L. 109–135, § 403(r)(2), inserted “or clause (ii) of section 164(b)(5)(A)” before period at end.
  • (d)(1)(A)(i)(II) (d)(1)(A)(ii)(II) Pub. L. 109–135, § 403(a)(14), substituted “such deduction and the deduction under section 199” for “such deduction”.

§ 62 Adjusted gross income defined

  • (a)(19) (a)(20) Pub. L. 109–135, § 412(q)(1), redesignated par. (19) relating to costs involving discrimination suits, etc., as par.…
  • (e) Pub. L. 109–135, § 412(q)(2), substituted “subsection (a)(20)” for “subsection (a)(19)” in introductory provisions.

§ 121 Exclusion of gain from sale of principal residence

  • (d)(10) Pub. L. 109–135, § 403(ee)(2), amended heading and text of par. (10) relating to property acquired in like-kind…
  • (d)(11) Pub. L. 109–135, § 403(ee)(1), redesignated par. (10), formerly par. (9), as added by Pub. L. 107–16, as (11). See…
  • (g) Pub. L. 109–135, § 402(a)(3), substituted “section 1223(6)” for “section 1223(7)”.

§ 152 Dependent defined

  • (e) Pub. L. 109–135 amended heading and text of subsec. (e) generally. Prior to amendment, text consisted of pars. (1) to…

§ 163 Interest

  • (j)(6) Pub. L. 109–135 added subcl. (III) and redesignated former subcl. (III) as (IV).

§ 164 Taxes

  • (b)(5)(A) Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows:

§ 167 Depreciation

  • (f)(3) Pub. L. 109–135 substituted “section 197(e)(6)” for “section 197(e)(7)”.

§ 168 Accelerated cost recovery system

  • (e)(3)(B)(vi)(I) Pub. L. 109–135, § 410(a), substituted “if ‘solar or wind energy’ were substituted for ‘solar energy’ in clause (i)…
  • (i)(15)(D) Pub. L. 109–135, § 412(s), substituted “Such term shall not include” for “This paragraph shall not apply to”.
  • (k)(2)(A) Pub. L. 109–135, § 403(j)(1), substituted “subparagraph (B) or (C)” for “subparagraphs (B) and (C)”.
  • (k)(4) Pub. L. 109–135, § 405(a)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “which is…
  • (k)(4) Pub. L. 109–135, § 403(j)(2), substituted “or paragraph (2)(C) (as so modified)” for “and paragraph (2)(C)”.

§ 169 Amortization of pollution control facilities

  • (d)(5)(B) Pub. L. 109–135 inserted “in the case of facility placed in service in connection with a plant or other property placed…

§ 170 Charitable, etc., contributions and gifts

§ 172 Net operating loss deduction

  • (b)(1) Pub. L. 109–135, § 402(f)(1), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (b)(1) Pub. L. 109–135, § 402(f)(2), substituted “for a taxable year” for “in a taxable year”.
  • (b)(1) Pub. L. 109–135, § 402(f)(3), added cl. (iv), redesignated cl. (vi) as (v), and struck out former cls. (iv) and (v)…
  • (d)(7) Pub. L. 109–135, § 403(a)(17), added par. (7).

§ 181 Treatment of certain qualified productions

  • (d)(2) Pub. L. 109–135 struck out “For purposes of a television series, only the first 44 episodes of such series may be taken…

§ 194 Treatment of reforestation expenditures

  • (b)(1)(B) Pub. L. 109–135, § 403(i)(1)(A), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (c)(4) Pub. L. 109–135, § 403(i)(1)(B), reenacted heading without change and amended text generally. Prior to amendment, text…

§ 221 Interest on education loans

  • (d)(2) Pub. L. 109–135 substituted “the Taxpayer Relief Act of 1997” for “this Act”.

§ 223 Health savings accounts

  • (d)(2)(A) Pub. L. 109–135 inserted “, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof” after…

§ 246 Rules applying to deductions for dividends received

  • (c)(3)(B) Pub. L. 109–135 substituted “paragraph (3) of section 1223” for “paragraph (4) of section 1223”.

§ 274 Disallowance of certain entertainment, etc., expenses

  • (e)(2)(B)(ii) Pub. L. 109–135, § 403(mm)(1), (2), inserted “or a related party to the taxpayer” after “with respect to the taxpayer”…

§ 280C Certain expenses for which credits are allowable

  • (a) Pub. L. 109–135, § 201(b)(2), substituted “1400P(b), and 1400R” for “and 1400P(b)”.
  • (a) Pub. L. 109–135, § 103(b)(2), substituted “1396(a), and 1400P(b)” for “and 1396(a)”.

§ 318 Constructive ownership of stock

  • (b)(8) Pub. L. 109–135 substituted “section 6038(e)(2)” for “section 6038(d)(2)”.

§ 332 Complete liquidations of subsidiaries

  • (d)(1)(B) Pub. L. 109–135 substituted “distribution of property to which section 301 applies” for “distribution to which section…

§ 334 Basis of property received in liquidations

  • (b)(1) Pub. L. 109–135 substituted “except that, in the hands of such distributee—” for “except that the basis of such…

§ 351 Transfer to corporation controlled by transferor

  • (g)(3)(A) Pub. L. 109–135 inserted at end “If there is not a real and meaningful likelihood that dividends beyond any limitation…

§ 357 Assumption of liability

  • (d)(1) Pub. L. 109–135 inserted “section 361(b)(3),” after “section 358(h),”.

§ 361 Nonrecognition of gain or loss to corporations; treatment of distributions

  • (b)(3) Pub. L. 109–135 inserted before period at end “(reduced by the amount of the liabilities assumed (within the meaning of…

§ 362 Basis to corporations

  • (e)(2)(C)(ii) Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows…

§ 402 Taxability of beneficiary of employees’ trust

  • (g)(1)(A) Pub. L. 109–135, § 407(a)(2), inserted “to” after “shall not apply”.
  • (g)(7)(A)(ii) Pub. L. 109–135, § 407(a)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “$15,000…

§ 403 Taxation of employee annuities

  • (b)(9)(B) Pub. L. 109–135 inserted “or” before “a convention”.

§ 409A Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans

  • (a)(4)(C)(ii) Pub. L. 109–135 struck out “first” after “requires that the”.

§ 412 Minimum funding standards

  • § 412 Pub. L. 109–135 substituted “subsection (d)” for “subsection (c)”.

§ 415 Limitations on benefits and contribution under qualified plans

  • (c)(7)(C) Pub. L. 109–135, § 407(b), substituted “$3,000. This subparagraph shall not apply with respect to any taxable year to…
  • (l)(1) Pub. L. 109–135, § 412(y), substituted “individual medical benefit account” for “individual medical account”.
  • (n)(3)(C) Pub. L. 109–135, § 412(z), substituted “clause” for “clauses” in concluding provisions.

§ 461 General rule for taxable year of deduction

  • (i)(3)(C) Pub. L. 109–135 substituted “section 6662(d)(2)(C)(ii)” for “section 6662(d)(2)(C)(iii)”.

§ 501 Exemption from tax on corporations, certain trusts, etc.

  • (c)(12)(F) Pub. L. 109–135, § 412(bb)(1), substituted “subparagraph (C)(iv)” for “subparagraph (C)(iii)”.
  • (c)(12)(G) Pub. L. 109–135, § 412(bb)(2), substituted “subparagraph (C)(v)” for “subparagraph (C)(iv)”.
  • (c)(22)(B)(ii) Pub. L. 109–135, § 412(cc), substituted “clause (ii) of paragraph (21)(D)” for “clause (ii) of paragraph (21)(B)”.

§ 512 Unrelated business taxable income

  • (b)(1) Pub. L. 109–135, § 412(dd), substituted “subsection (a)(5)” for “section 512(a)(5)”.
  • (b)(18) (b)(19) Pub. L. 109–135, § 412(ee)(1), redesignated par. (18), relating to treatment of gain or loss on sale or exchange of…

§ 514 Unrelated debt-financed income

  • (b)(1)(E) Pub. L. 109–135 substituted “section 512(b)(19)” for “section 512(b)(18)”.

§ 529 Qualified tuition programs

  • (c)(6) Pub. L. 109–135 substituted “Coverdell education savings account” for “education individual retirement account”.

§ 530 Coverdell education savings accounts

  • (b)(2)(A)(ii) Pub. L. 109–135, § 412(ff)(2), substituted “paragraph (3)” for “paragraph (4)”.
  • (b)(3) (b)(4) (b) Pub. L. 109–135, § 412(ff)(1), redesignated pars. (4) and (5) as (3) and (4), respectively, and struck out former par.…

§ 532 Corporations subject to accumulated earnings tax

  • (b)(2) (b)(3) (b) Pub. L. 109–135 redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out former par. (2) which read…

§ 535 Accumulated taxable income

  • (b)(10) Pub. L. 109–135 added par. (10).

§ 613 Percentage depletion

  • (c)(4)(H) Pub. L. 109–135 inserted “(including in situ retorting)” after “and retorting”.

§ 613A Limitations on percentage depletion in case of oil and gas wells

§ 709 Treatment of organization and syndication fees

  • (b)(1) Pub. L. 109–135 substituted “partnership” for “taxpayer” in introductory provisions and before “shall be allowed” in…

§ 734 Adjustment to basis of undistributed partnership property where section 754 election or substantial basis reduction

  • (a) Pub. L. 109–135, § 403(bb)(1), inserted “with respect to such distribution” before period at end.
  • (b) Pub. L. 109–135, § 403(bb)(2), reenacted heading without change and amended introductory provisions generally. Prior to…

§ 853 Foreign tax credit allowed to shareholders

  • (e) Pub. L. 109–135 amended heading and text of subsec. (e) generally. Prior to amendment, text read as follows: “This…

§ 856 Definition of real estate investment trust

  • (c)(7) Pub. L. 109–135, § 403(d)(1), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (g)(5)(A) Pub. L. 109–135, § 412(hh), substituted “paragraph (2), (3), or (4) of subsection (c)” for “subsection (c)(6) or (c)(7)…
  • (m) Pub. L. 109–135, § 403(d)(2), added par. (6).

§ 857 Taxation of real estate investment trusts and their beneficiaries

  • (b)(2)(E) Pub. L. 109–135, § 403(d)(3), substituted “section 856(c)(7)(C), and section 856(g)(5)” for “section 856(c)(7)(B)(iii)…
  • (b)(6)(E) Pub. L. 109–135, § 412(ii)(1), substituted “subparagraphs (C) and (D)” for “subparagraph (C)” in introductory…
  • (b)(6)(F) Pub. L. 109–135, § 412(ii)(2), substituted “subparagraph (C) or (D)” for “subparagraph (C) of this paragraph” and…

§ 860G Other definitions and special rules

  • (a)(3) Pub. L. 109–135, § 403(cc)(2), inserted concluding provisions and struck out former concluding provisions which read as…
  • (a)(3)(A)(iii)(I) Pub. L. 109–135, § 403(cc)(1), substituted “a reverse mortgage loan or other obligation” for “the obligation”.

§ 877 Expatriation to avoid tax

  • (g)(2)(C) Pub. L. 109–135 substituted “section 7701(b)(3)(D)” for “section 7701(b)(3)(D)(ii)”.

§ 881 Tax on income of foreign corporations not connected with United States business

  • (e)(1)(C) Pub. L. 109–135 inserted “interest-related dividend received by a controlled foreign corporation” after “shall apply to…

§ 897 Disposition of investment in United States real property

  • (h)(1) Pub. L. 109–135 substituted “any distribution by a real estate investment trust with respect to any class of stock” for…

§ 901 Taxes of foreign countries and of possessions of United States

  • (l)(2)(C)(i) Pub. L. 109–135 struck out “if such security were stock” after “paragraph (4) thereof”.

§ 904 Limitation on credit

  • (d)(2)(D) Pub. L. 109–135, § 403(o), inserted “as in effect before its repeal” after “section 954(f)”.
  • (g)(2) Pub. L. 109–135, § 403(k), amended heading and text of par. (2) generally. Prior to amendment, text read as follows…
  • (i) Pub. L. 109–135, § 402(i)(3)(G), reenacted heading without change and amended text generally. Prior to amendment, text…

§ 952 Subpart F income defined

  • (c)(1)(B)(ii) Pub. L. 109–135 substituted “subclause (II) or (III) of clause (iii)” for “clause (iii)(III) or (IV)” and “clause…

§ 954 Foreign base company income

  • (c)(1)(C)(i) Pub. L. 109–135, § 412(ll), substituted “paragraph (5)(A)” for “paragraph (4)(A)”.
  • (c)(1)(F) Pub. L. 109–135, § 412(mm), struck out “Net income from notional principal contracts.” before “Any item of income”.
  • (c)(4)(B) Pub. L. 109–135, § 403(m), inserted at end “If a controlled foreign corporation is treated as owning a capital or…

§ 961 Adjustments to basis of stock in controlled foreign corporations and of other property

  • (c) Pub. L. 109–135 amended heading and text of subsec. (c) generally. Prior to amendment, text read as follows: “Under…

§ 965 Treatment of deferred foreign income upon transition to participation exemption system of taxation

  • (a)(2) Pub. L. 109–135, § 403(q)(1), inserted “from another controlled foreign corporation in such chain of ownership” before…
  • (b)(2)(A) Pub. L. 109–135, § 403(q)(2), inserted “cash” before “dividends”.
  • (b)(3) Pub. L. 109–135, § 403(q)(3), inserted at end “The Secretary may prescribe such regulations as may be necessary or…
  • (c)(1) Pub. L. 109–135, § 403(q)(4), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (d)(2) Pub. L. 109–135, § 403(q)(5), substituted “directly allocable” for “properly allocated and apportioned”.
  • (d) Pub. L. 109–135, § 403(q)(6), added par. (4).
  • (e)(1) Pub. L. 109–135, § 403(q)(7), inserted “which are imposed by foreign countries and possessions of the United States and…
  • (f) Pub. L. 109–135, § 403(q)(8), inserted “on or” before “before the due date” in concluding provisions.

§ 1016 Adjustments to basis

  • (a)(23) Pub. L. 109–135 substituted “1045(b)(3)” for “1045(b)(4)”.

§ 1031 Exchange of real property held for productive use or investment

  • (h) Pub. L. 109–135 substituted “subparagraphs” for “subparagraph” in introductory provisions.

§ 1092 Straddles

  • (a)(2) Pub. L. 109–135 added subpar. (C) and struck out concluding provisions of subpar. (B) which read as follows: “The…

§ 1223 Holding period of property

§ 1245 Gain from dispositions of certain depreciable property

  • (a)(2)(C) Pub. L. 109–135, § 403(e)(2), (i)(2), inserted “181,” after “179B,” and substituted “193, or 194” for “or 193”.
  • (b)(3) Pub. L. 109–135, § 402(a)(6)(B), substituted “paragraph (6)” for “paragraph (7)”.
  • (b)(5) (b)(6) (b)(7) (b)(8) Pub. L. 109–135, § 402(a)(6)(A), redesignated pars. (6) to (9) as (5) to (8), respectively, and struck out heading and…
  • (b) Pub. L. 109–135, § 402(a)(6)(A), redesignated par. (9) as (8).

§ 1250 Gain from dispositions of certain depreciable realty

  • (b)(3) Pub. L. 109–135, § 402(h), struck out “or by section 179D” after “190, or 193)”.
  • (d)(5) (d)(6) (d)(7) (d) Pub. L. 109–135, § 402(a)(7)(A), redesignated pars. (6) to (8) as (5) to (7), respectively, and struck out heading and…
  • (e)(2) Pub. L. 109–135, § 402(a)(7)(B), substituted “or (3)” for “(3), or (5)”.

§ 1256 Section 1256 contracts marked to market

  • (f)(1) Pub. L. 109–135 substituted “subsection (e)(2)” for “subsection (e)(2)(C)”.

§ 1353 Notional shipping income

  • (d) Pub. L. 109–135 substituted “ownership, charter, and operating agreement interests” for “ownership and charter…

§ 1354 Alternative tax election; revocation; termination

  • (b) Pub. L. 109–135 inserted “on or” after “only if made” in concluding provisions.

§ 1355 Definitions and special rules

  • (a) Pub. L. 109–135, § 403(g)(1)(B), struck out heading and text of par. (8). Text read as follows: “The term ‘charter’…
  • (b)(1) Pub. L. 109–135, § 403(g)(1)(C), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (c)(3) Pub. L. 109–135, § 403(g)(2), substituted “determined by treating all members of such group as 1 person.” for…
  • (d)(3) Pub. L. 109–135, § 403(g)(1)(D), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “the extent…

§ 1356 Qualifying shipping activities

  • (c)(2) Pub. L. 109–135, § 403(g)(3)(B), inserted concluding provisions.
  • (c) Pub. L. 109–135, § 403(g)(3)(A), struck out heading and text of par. (3). Text read as follows:

§ 1361 S corporation defined

  • (b)(3)(A) Pub. L. 109–135, § 413(c)(1), struck out “and in the case of information returns required under part III of subchapter…
  • (b)(3)(E) Pub. L. 109–135, § 413(c)(2), added subpar. (E).
  • (c)(1) Pub. L. 109–135, § 403(b), reenacted heading without change and amended text generally. Prior to amendment, text…
  • (c)(2)(A)(vi) Pub. L. 109–135, § 413(a)(1), inserted “or a depository institution holding company (as defined in section 3(w)(1) of…

§ 1362 Election; revocation; termination

  • (d)(3) Pub. L. 109–135 substituted “a depository institution holding company (as defined in section 3(w)(1) of the Federal…

§ 1363 Effect of election on corporation

  • (d)(5) Pub. L. 109–135 added par. (5).

§ 1375 Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts

  • (d)(1) (d)(2) Pub. L. 109–135 substituted “accumulated” for “subchapter C”.

§ 3401 Definitions

  • (g) (h) Pub. L. 109–135 redesignated subsec. (h) as (g).

§ 4161 Imposition of tax

  • (a)(2) Pub. L. 109–135 amended heading and text of par. (2) generally. Prior to amendment, text read as follows:

§ 4261 Imposition of tax

  • (e)(4)(C) Pub. L. 109–135 substituted “imposed by subsection (b)” for “imposed subsection (b)”.

§ 4975 Tax on prohibited transactions

  • (d)(16)(A) Pub. L. 109–135, § 413(a)(2)(A), inserted “or a depository institution holding company (as defined in section 3(w)(1)…
  • (d)(16)(C) Pub. L. 109–135, § 413(a)(2)(B), inserted “or company” after “such bank”.

§ 4980D Failure to meet certain group health plan requirements

  • (a) Pub. L. 109–135 substituted “plan requirements” for “plans requirements”.

§ 6038B Notice of certain transfers to foreign persons

  • (a)(1)(B) Pub. L. 109–135 inserted “or” at end.

§ 6045 Returns of brokers

  • (e)(5)(A) Pub. L. 109–135 adjusted the margin of the third sentence to include it in concluding provisions with the second…

§ 6049 Returns regarding payments of interest

  • (d)(8)(A) Pub. L. 109–135 inserted “or 1400N(l)(6)” after “section 54(g)” and “or 1400N(l)(2)(D), as the case may be” after…

§ 6050M Returns relating to persons receiving contracts from Federal executive agencies

  • (b)(1) Pub. L. 109–135 substituted “Government Accountability Office” for “General Accounting Office”.

§ 6103 Confidentiality and disclosure of returns and return information

  • (d)(5)(B) Pub. L. 109–135, § 305(a)(1), substituted “December 31, 2006” for “December 31, 2005”.
  • (i)(3)(C) Pub. L. 109–135, § 305(b)(1), substituted “December 31, 2006” for “December 31, 2005”.
  • (i)(7) Pub. L. 109–135, § 305(b)(1), substituted “December 31, 2006” for “December 31, 2005”.
  • (i)(8)(A) (i)(8)(B)(i) (i)(8)(B)(ii) Pub. L. 109–135, § 412(rr)(3), substituted “Government Accountability Office” for “General Accounting Office”.
  • (l)(13)(D) Pub. L. 109–135, § 305(c)(1), substituted “December 31, 2006” for “December 31, 2005”.
  • (l)(17) Pub. L. 109–135, § 406(a), substituted “subsection (f), (i)(8), or (p)” for “subsection (f), (i)(7), or (p)”.
  • (p)(3)(C)(i) Pub. L. 109–135, § 412(rr)(4), substituted “Government Accountability Office” for “General Accounting Office” in…
  • (p)(4) Pub. L. 109–135, § 412(yy)(3), in concluding provisions, substituted “If the Secretary determines that any such agency…
  • (p)(4) Pub. L. 109–135, § 412(yy)(1), reenacted heading without change and amended introductory provisions generally. Prior to…
  • (p)(4) Pub. L. 109–135, § 412(rr)(4), substituted “Government Accountability Office” for “General Accounting Office” wherever…
  • (p)(4)(F)(i) Pub. L. 109–135, § 412(yy)(2), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “in the case of…
  • (p)(5) (p)(6)(B)(i) Pub. L. 109–135, § 412(rr)(4), substituted “Government Accountability Office” for “General Accounting Office”.

§ 6111 Disclosure of reportable transactions

  • (b)(1)(A)(ii) Pub. L. 109–135 substituted “aid, assistance, or advice” for “advice or assistance”.

§ 6112 Material advisors of reportable transactions must keep lists of advisees, etc.

  • (b)(1) Pub. L. 109–135, in introductory provisions, inserted “(or was required to maintain a list under subsection (a) as in…

§ 6404 Abatements

  • (g)(1) Pub. L. 109–135 inserted at end “If, after the return for a taxable year is filed, the taxpayer provides to the…

§ 6411 Tentative carryback and refund adjustments

  • (a) Pub. L. 109–135 substituted “6611(f)(4)(B)” for “6611(f)(3)(B)” in concluding provisions.

§ 6501 Limitations on assessment and collection

  • (c)(10)(B) Pub. L. 109–135 struck out “(as defined in section 6111)” after “material advisor”.

§ 6601 Interest on underpayment, nonpayment, or extensions of time for payment, of tax

  • (d)(4) Pub. L. 109–135 substituted “6611(f)(4)(A)” for “6611(f)(3)(A)”.

§ 6662 Imposition of accuracy-related penalty on underpayments

  • (b) Pub. L. 109–135, § 403(x)(1), inserted at end “Except as provided in paragraph (1) or (2)(B) of section 6662A(e), this…
  • (d)(3) Pub. L. 109–135, § 412(aaa), struck out “the” before “1 or more”.

§ 6662A Imposition of accuracy-related penalty on understatements with respect to reportable transactions

  • (e)(2) Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows:

§ 7608 Authority of internal revenue enforcement officers

  • (c) Pub. L. 109–135 substituted “January 1, 2007” for “January 1, 2006” in subpar. (B) and concluding provisions.

§ 7609 Special procedures for third-party summonses

  • (c)(2)(D) (c)(2)(E) (c)(2) Pub. L. 109–135, § 408(a)(1), inserted “or” at end of subpar. (D), substituted period for “; or” at end of subpar. (E)…
  • (c)(3) (c)(4) Pub. L. 109–135, § 408(a)(2), added par. (3) and redesignated former par. (3) as (4).

§ 7701 Definitions

  • (n) Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows…

§ 7874 Rules relating to expatriated entities and their foreign parents

  • (a)(3) Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows…

§ 8021 Powers

  • (e) Pub. L. 109–135 substituted “Government Accountability Office” for “General Accounting Office” in two places.