Pub. L. 109-222: May. 17, 2006

Bill H.R. 4297 · House report H. Rept. 109-304 · Conference report H. Rept. 109-455 · Bluebook JCT general explanation (2007)

§ 1 Tax imposed

(g)(2)(A) Pub. L. 109–222, § 510(a), substituted “age 18” for “age 14”.
(g)(2)(C) Pub. L. 109–222, § 510(c), added subpar. (C).
(g)(4)(C) Pub. L. 109–222, § 510(b), added subpar. (C).

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

(a)(2) Pub. L. 109–222 substituted “2006” for “2005” in heading and “2005, or 2006” for “or 2005” in introductory provisions.

§ 55 Alternative minimum tax imposed

(d)(1)(A) Pub. L. 109–222, § 301(a)(1), substituted “$62,550 in the case of taxable years beginning in 2006” for “$58,000 in the…
(d)(1)(B) Pub. L. 109–222, § 301(a)(2), substituted “$42,500 in the case of taxable years beginning in 2006” for “$40,250 in the…

§ 142 Exempt facility bond

(d)(2)(B) Pub. L. 109–222 substituted “Subsections (g) and (h) of section 7872” for “Section 7872(g)”.

§ 143 Mortgage revenue bonds: qualified mortgage bond and qualified veterans’ mortgage bond

(l)(3)(B) Pub. L. 109–222, § 203(b)(1), reenacted heading without change, substituted introductory provisions of cl. (i) for “A…
(l)(4) Pub. L. 109–222, § 203(a)(1), amended par. (4) generally. Prior to amendment, par. (4) defined the term “qualified…

§ 144 Qualified small issue bond; qualified student loan bond; qualified redevelopment bond

(a)(4)(F) (a)(4)(G) Pub. L. 109–222 substituted “December 31, 2006” for “September 30, 2009”.

§ 148 Arbitrage

(f)(4)(D)(ii)(II) (f)(4)(D)(ii)(III) (f)(4)(D)(ii) Pub. L. 109–222 redesignated subcls. (III) and (IV) as (II) and (III), respectively, and struck out former subcl. (II)…

§ 149 Bonds must be registered to be tax exempt; other requirements

(f)(1) Pub. L. 109–222, § 508(d)(1), substituted “paragraphs (2), (3), (4), and (5)” for “paragraphs (2) and (3)”.
(f)(2)(A) Pub. L. 109–222, § 508(a), amended subpar. (A) generally. Prior to amendment, text read as follows: “The requirements…
(f)(4) (f)(5) (f)(6) Pub. L. 109–222, § 508(b), added pars. (4) and (5) and redesignated former par. (4) as (6). Former par. (5)…
(f)(7) Pub. L. 109–222, § 508(b), redesignated par. (5) as (7).
(f)(7)(B) Pub. L. 109–222, § 508(d)(2), substituted “paragraph (6)(A)” for “paragraph (4)(A)”.

§ 163 Interest

(j)(8) Pub. L. 109–222, § 501(a), added par. (8). Former par. (8) redesignated (9).
(j)(9) Pub. L. 109–222 redesignated par. (8) as (9) and added subpar. (D).

§ 167 Depreciation

(g)(8) Pub. L. 109–222, § 207(a), added par. (8).
(h)(5) Pub. L. 109–222, § 503(a), added par. (5).

§ 170 Charitable, etc., contributions and gifts

(e)(1)(A) Pub. L. 109–222 inserted “(determined without regard to section 1221(b)(3))” after “long-term capital gain”.

§ 179 Election to expense certain depreciable business assets

(b)(1) (b)(2) (b)(5)(A) (c)(2) (d)(1)(A)(ii) Pub. L. 109–222 substituted “2010” for “2008”.

§ 355 Distribution of stock and securities of a controlled corporation

(b)(3) Pub. L. 109–222, § 202, added par. (3).
(g) Pub. L. 109–222, § 507(a), added subsec. (g).

§ 408A Roth IRAs

(c)(3)(B) Pub. L. 109–222, § 512(a)(1), redesignated subpar. (C) as (B) and struck out former subpar. (B). Prior to amendment…
(c)(3)(B)(i) Pub. L. 109–222, § 512(a)(2), substituted “except that any amount included in gross income under subsection (d)(3)…
(c)(3)(C) Pub. L. 109–222, § 512(a)(1), redesignated subpar. (D), relating to marital status, as (C). Former subpar. (C)…
(d)(3)(A)(iii) Pub. L. 109–222, § 512(b)(1), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “unless the…
(d)(3)(E) Pub. L. 109–222, § 512(b)(2)(B), substituted “2-year” for “4-year” in heading.
(d)(3)(E)(i) Pub. L. 109–222, § 512(b)(2)(A), amended cl. (i) generally. Prior to amendment, text read as follows:

§ 468B Special rules for designated settlement funds

(g) Pub. L. 109–222 reenacted heading without change and amended text of subsec. (g) generally. Prior to amendment, text…

§ 852 Taxation of regulated investment companies and their shareholders

(b)(3)(E) Pub. L. 109–222 added subpar. (E).

§ 871 Tax on nonresident alien individuals

(k)(2)(E) Pub. L. 109–222 added subpar. (E).

§ 897 Disposition of investment in United States real property

(h)(1) Pub. L. 109–222, § 505(a)(1), in first sentence, substituted “a nonresident alien individual, a foreign corporation, or…
(h)(4)(A)(i) Pub. L. 109–222, § 504(a), inserted “which is a United States real property holding corporation or which would be a…
(h)(4)(A)(ii) Pub. L. 109–222, § 505(a)(2), inserted at end “Notwithstanding the preceding sentence, an entity described in clause…
(h)(5) Pub. L. 109–222, § 506(a), added par. (5).

§ 911 Citizens or residents of the United States living abroad

(b)(2)(D)(ii) Pub. L. 109–222, § 515(a)(1), substituted “2005” for “2007” in introductory provisions.
(b)(2)(D)(ii)(II) Pub. L. 109–222, § 515(a)(2), substituted “2004” for “2006”.
(c)(1)(A) Pub. L. 109–222, § 515(b)(2)(A), inserted “to the extent such expenses do not exceed the amount determined under…
(c)(1)(B)(i) Pub. L. 109–222, § 515(b)(1), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “16 percent of…
(c)(2) (c)(3) (c)(4) Pub. L. 109–222, § 515(b)(2)(B), added par. (2) and redesignated former pars. (2) and (3) as (3) and (4), respectively.
(d)(4) Pub. L. 109–222, § 515(b)(2)(C)(i), substituted “, (c)(1)(B)(ii), and (c)(2)(A)(ii)” for “and (c)(1)(B)(ii)” in…
(d)(7) Pub. L. 109–222, § 515(b)(2)(C)(ii), which directed substitution of “subsection (c)(4)” for “subsection (c)(3)”, was…
(f) (g) Pub. L. 109–222, § 515(c), added subsec. (f) and redesignated former subsec. (f) as (g).

§ 953 Insurance income

(e)(10) Pub. L. 109–222 substituted “January 1, 2009” for “January 1, 2007” and “December 31, 2008” for “December 31, 2006”.

§ 954 Foreign base company income

(c)(6) Pub. L. 109–222, § 103(b)(1), added par.(6).
(h) Pub. L. 109–222, § 103(a)(2), substituted “January 1, 2009” for “January 1, 2007”.

§ 1221 Capital asset defined

(b)(3) Pub. L. 109–222 added par. (3). Former par. (3) redesignated (4).
(b)(4) Pub. L. 109–222 redesignated par. (3) as (4).

§ 1355 Definitions and special rules

(a)(4) Pub. L. 109–222 inserted “(6,000, in the case of taxable years beginning after December 31, 2005, and ending before…

§ 1445 Withholding of tax on dispositions of United States real property interests

(b)(8) Pub. L. 109–222, § 506(b), added par. (8).
(e)(6) (e)(7) Pub. L. 109–222, § 505(b), added par. (6) and redesignated former par. (6) as (7).

§ 3402 Income tax collected at source

(t) Pub. L. 109–222 added subsec. (t).

§ 4965 Excise tax on certain tax-exempt entities entering into prohibited tax shelter transactions

Enacted § 4965

§ 6011 General requirement of return, statement, or list

(g) (h) Pub. L. 109–222 added subsec. (g) and redesignated former subsec. (g) as (h).

§ 6033 Returns by exempt organizations

(a)(1) Pub. L. 109–222, § 516(b)(1)(B), substituted “paragraph (3)” for “paragraph (2)”.
(a)(2) Pub. L. 109–222, § 516(b)(1)(A), added par. (2). Former par. (2) redesignated (3).
(a)(3) Pub. L. 109–222, § 516(b)(1)(A), redesignated par. (2) as (3).

§ 6049 Returns regarding payments of interest

(b)(2)(B) Pub. L. 109–222, § 502(a), redesignated subpar. (C) as (B) and struck out former subpar. (B) which read as follows…
(b)(2)(C) Pub. L. 109–222 redesignated subpar. (D) as (C) and substituted “subparagraph (B)” for “subparagraph (C)”.
(b)(2) Pub. L. 109–222, § 502(a), redesignated subpar. (D) as (C).

§ 6159 Agreements for payment of tax liability in installments

(f) Pub. L. 109–222 substituted “section 7122(e)” for “section 7122(d)”.

§ 6652 Failure to file certain information returns, registration statements, etc.

(c)(1) Pub. L. 109–222, § 516(c)(2), substituted “6033(a)(1)” for “6033” wherever appearing in heading and text.
(c)(3) (c)(4) (c)(5) Pub. L. 109–222, § 516(c)(1), added par. (3) and redesignated former pars. (3) and (4) as (4) and (5), respectively.

§ 7122 Compromises

(c) Pub. L. 109–222, § 509(a), added subsec. (c). Former subsec. (c) redesignated (d).
(d) Pub. L. 109–222, § 509(a), redesignated subsec. (c) as (d). Former subsec. (d) redesignated (e).
(d)(3)(C) Pub. L. 109–222, § 509(b)(1), added subpar. (C).
(e) Pub. L. 109–222, § 509(a), redesignated subsec. (d) as (e).
(f) Pub. L. 109–222, § 509(b)(2), added subsec. (f) relating to deemed acceptance of offer not rejected within certain…

§ 7872 Treatment of loans with below-market interest rates

(g)(6) Pub. L. 109–222, § 209(b)(1), added par. (6).
(h) Pub. L. 109–222, § 209(a), added subsec. (h). Former subsec. (h) redesignated (i).
(i) Pub. L. 109–222, § 209(a), redesignated subsec. (h) as (i).