Pub. L. 110-289 Jul. 30, 2008

122 Stat. 2891 · Changed 24 sections of the Code

Bill H.R. 3221 · Bluebook JCT general explanation (2009)

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

  • (b)(2)(W) Pub. L. 110–289 added subpar. (W).

§ 36 First-time homebuyer credit

§ 37 Overpayments of tax

    § 38 General business credit

    • (c)(4)(B)(ii) (c)(4)(B)(iii) (c)(4)(B)(iv) Pub. L. 110–289, § 3022(b), added cl. (ii) and redesignated former cls. (ii) and (iii) as (iii) and (iv), respectively.…
    • (c)(4)(B)(v) Pub. L. 110–289, § 3022(c), added cl. (v). Former cl. (v) redesignated (vi).
    • (c)(4)(B)(v) Pub. L. 110–289, § 3022(b), redesignated cl. (iv) as (v).
    • (c)(4)(B)(vi) Pub. L. 110–289, § 3022(c), redesignated cl. (v) as (vi).

    § 42 Low-income housing credit

    • (b) Pub. L. 110–289, § 3002(a), redesignated par. (2) as (1), in heading, substituted “Determination of applicable…
    • (c)(2) Pub. L. 110–289, § 3004(a), struck out concluding provisions which read as follows: “Such term does not include any…
    • (d)(2)(B)(ii) Pub. L. 110–289, § 3003(g)(1), substituted “the date the building was last placed in service,” for “the later of—
    • (d)(2)(D) Pub. L. 110–289, § 3003(e), (g)(2), redesignated cls. (ii) and (iii)(II) as (i) and (ii), respectively, in cl. (ii)…
    • (d)(4)(C)(ii) Pub. L. 110–289, § 3003(c), substituted “shall not exceed the sum of—” for “shall not exceed 10 percent of the eligible…
    • (d)(5)(A) Pub. L. 110–289, § 3003(d), amended heading and text of subpar. (A) generally. Prior to amendment, text read as…
    • (d)(5)(B) (d)(5) Pub. L. 110–289, § 3003(g)(3), redesignated subpar. (C) as (B) and struck out heading and text of former subpar. (B).…
    • (d)(5) Pub. L. 110–289, § 3003(a), added cl. (v).
    • (d)(6) Pub. L. 110–289, § 3003(f), amended par. (6) generally. Prior to amendment, par. (6) consisted of subpars. (A) to (E)…
    • (e)(3)(A)(ii)(I) Pub. L. 110–289, § 3003(b)(1)(A), substituted “20 percent” for “10 percent”.
    • (e)(3)(A)(ii)(II) Pub. L. 110–289, § 3003(b)(1)(B), substituted “$6,000” for “$3,000”.
    • (e)(3)(D) Pub. L. 110–289, § 3003(b)(2), added subpar. (D).
    • (f)(5)(B)(ii)(II) Pub. L. 110–289, § 3003(b)(3), substituted “if the dollar amount in effect under subsection (e)(3)(A)(ii)(II) were…
    • (g)(9) Pub. L. 110–289, § 3004(g), added par. (9).
    • (h)(1)(E)(ii) Pub. L. 110–289, § 3004(b), substituted “(as of the date which is 1 year after the date that the allocation was made)”…
    • (h)(3)(I) Pub. L. 110–289, § 3001, added subpar. (I).
    • (h)(4)(A)(ii) Pub. L. 110–289, § 3007(b), inserted “or such financing is refunded as described in section 146(i)(6)” before period at…
    • (i)(2)(A) Pub. L. 110–289, § 3002(b)(1), struck out “, or any below market Federal loan,” before “the proceeds of which”.
    • (i)(2)(B) Pub. L. 110–289, § 3002(b)(2)(A), in heading, struck out “balance of loan or” before “proceeds” and in text, struck out…
    • (i)(2)(C) Pub. L. 110–289, § 3002(b)(2)(B)(i), struck out “or below market Federal loan” after “tax-exempt obligation” in…
    • (i)(2)(C)(i) Pub. L. 110–289, § 3002(b)(2)(B)(ii), substituted “(when issued)” for “or loan (when issued or made)” and “the proceeds…
    • (i)(2)(C)(ii) Pub. L. 110–289, § 3002(b)(2)(B)(iii), struck out “, and such loan is repaid,” after “redeemed”.
    • (i)(2) Pub. L. 110–289, § 3002(b)(2)(C), struck out subpars. (D) and (E) which related to below market Federal loan and…
    • (i)(3)(D)(i)(II) (i)(3)(D)(i)(III) Pub. L. 110–289, § 3004(e), added subcl. (II) and redesignated former subcl. (II) as (III).
    • (i)(8) Pub. L. 110–289, § 3004(f), added par. (8).
    • (j)(6) Pub. L. 110–289, § 3004(c), amended par. (6) generally. Prior to amendment, text read as follows: “In the case of a…
    • (m)(1)(C)(ix) (m)(1)(C)(x) Pub. L. 110–289, § 3004(d), added cls. (ix) and (x).

    § 47 Rehabilitation credit

    • (c)(2)(B)(v)(I) Pub. L. 110–289 substituted “section 168(h), except that ‘50 percent’ shall be substituted for ‘35 percent’ in…

    § 56 Adjustments in computing alternative minimum taxable income

    • § 56 Pub. L. 110–289 added cl. (iii).

    § 57 Items of tax preference

    § 63 Taxable income defined

    • (c)(1) Pub. L. 110–289, § 3012(a), added subpar. (C).
    • (c)(7) Pub. L. 110–289, § 3012(b), added par. (7).

    § 121 Exclusion of gain from sale of principal residence

    • (b)(4) Pub. L. 110–289 added par. (4) relating to exclusion of gain allocated to nonqualified use.

    § 142 Exempt facility bond

    • (d)(2)(B) Pub. L. 110–289, § 3005(a), designated existing provisions as cl. (i), inserted heading, and added cls. (ii) to (iv).
    • (d)(2)(C) Pub. L. 110–289, § 3008(b), added subpar. (C).
    • (d)(2)(D) Pub. L. 110–289, § 3008(c), added subpar. (D).
    • (d)(2)(E) Pub. L. 110–289, § 3009(a), added subpar. (E).
    • (d)(3)(A) Pub. L. 110–289, § 3010(a), inserted at end “The preceding sentence shall not apply with respect to any project for any…
    • (d)(3)(C) Pub. L. 110–289, § 3008(a), added subpar. (C).

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

    • (k)(11) Pub. L. 110–289, § 3026(a), substituted “May 1, 2008” for “December 31, 1996” and “January 1, 2010” for “January 1…
    • (k)(12) Pub. L. 110–289, § 3021(b)(1), added par. (12) relating to special rules for subprime refinancings.

    § 146 Volume cap

    • (d)(5) Pub. L. 110–289, § 3021(a)(1), added par. (5).
    • (f)(6) Pub. L. 110–289, § 3021(a)(2), added par. (6).
    • (i)(6) Pub. L. 110–289, § 3007(a), added par. (6).

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

    • (b)(3)(A)(iv) Pub. L. 110–289, § 3023(a), added cl. (iv).
    • (b)(3)(E) Pub. L. 110–289, § 3023(b), added subpar. (E).

    § 168 Accelerated cost recovery system

    • (k)(4) Pub. L. 110–289 added par. (4).

    § 414 Definitions and special rules

    • (l)(2)(G) Pub. L. 110–289, § 1604(b)(4), which directed substitution of “bridge depository institution” for “bridge bank”, was…

    § 856 Definition of real estate investment trust

    • (c)(4) Pub. L. 110–289, § 3032(a), inserted “(including a discrepancy caused solely by the change in the foreign currency…
    • (c)(4)(B)(ii) Pub. L. 110–289, § 3041, substituted “than 25 percent” for “than 20 percent” and “REIT subsidiaries,” for “REIT…
    • (c)(5)(G) Pub. L. 110–289, § 3031(b), amended subpar. (G) generally. Prior to amendment, text read as follows: “Except to the…
    • (c)(5)(J) Pub. L. 110–289, § 3031(c), added subpar. (J).
    • (c)(5)(K) Pub. L. 110–289, § 3032(b), added subpar. (K).
    • (d)(8)(B) Pub. L. 110–289, § 3061(a), amended subpar. (B) generally. Prior to amendment, text read as follows: “The requirements…
    • (d)(9)(A) (d)(9)(B) Pub. L. 110–289, § 3061(b), amended subpars. (A) and (B) generally. Prior to amendment, subpar. (A) defined “eligible…
    • (l)(3) Pub. L. 110–289, § 3061(c), inserted “or a health care facility” after “a lodging facility” and “or health care…
    • (n) Pub. L. 110–289, § 3031(a), added subsec. (n).

    § 857 Taxation of real estate investment trusts and their beneficiaries

    • (b)(4)(B)(i) Pub. L. 110–289, § 3033(a), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “gain from the sale…
    • (b)(6)(B)(i) Pub. L. 110–289, § 3033(b), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “the term ‘net…
    • (b)(6)(C) Pub. L. 110–289, § 3051(a)(3), substituted “real estate asset (as defined in section 856(c)(5)(B)) and which is…
    • (b)(6)(C)(i) Pub. L. 110–289, § 3051(a)(1), substituted “2 years” for “4 years”.
    • (b)(6)(C)(ii) Pub. L. 110–289, § 3051(a)(2), substituted “2-year period” for “4-year period”.
    • (b)(6)(C)(iii) Pub. L. 110–289, § 3052(1), added subcl. (III).
    • (b)(6)(C)(iv) Pub. L. 110–289, § 3051(a)(1), substituted “2 years” for “4 years”.
    • (b)(6)(D) Pub. L. 110–289, § 3051(a)(3), substituted “real estate asset (as defined in section 856(c)(5)(B)) and which is…
    • (b)(6)(D)(i) Pub. L. 110–289, § 3051(a)(1), substituted “2 years” for “4 years”.
    • (b)(6)(D)(ii) (b)(6)(D)(iii) Pub. L. 110–289, § 3051(a)(2), substituted “2-year period” for “4-year period” in introductory provisions.
    • (b)(6)(D)(iv)(III) Pub. L. 110–289, § 3052(2), added subcl. (III).
    • (b)(6)(G) Pub. L. 110–289, § 3051(b), redesignated subpar. (H) as (G), inserted at end “For purposes of the preceding sentence…
    • (b)(6)(H) (b)(6)(I) Pub. L. 110–289, § 3051(b)(1), redesignated subpar. (I) as (H). Former subpar. (H) redesignated (G).

    § 864 Definitions and special rules

    • (f) Pub. L. 110–289, § 3093(a), substituted “December 31, 2010” for “December 31, 2008”.
    • (f) Pub. L. 110–289, § 3093(b), added par. (7).

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

    • (b)(7) Pub. L. 110–289, § 3024(c)(1), amended par. (7) generally. Prior to amendment, par. (7) related to special rules for…
    • (b)(9) Pub. L. 110–289, § 3024(a), added par. (9).
    • (d) Pub. L. 110–289, § 3024(c)(2)(C), substituted “, transferee’s agents, or qualified substitutes” for “or transferee’s…
    • (d)(1) Pub. L. 110–289, § 3024(c)(2)(A), amended par. (1) generally. Prior to amendment, par. (1) related to notice of false…
    • (d)(2) Pub. L. 110–289, § 3024(c)(2)(B), amended par. (2) generally. Prior to amendment, par. (2) related to failure to…
    • (f)(6) Pub. L. 110–289, § 3024(b), added par. (6).

    § 3406 Backup withholding

    • (b)(3)(F) Pub. L. 110–289 added subpar. (F).

    § 6050W Returns relating to payments made in settlement of payment card and third party network transactions

    § 6211 Definition of a deficiency

    • (b)(4)(A) Pub. L. 110–289 substituted “34, 35, 36, 53(e), and 6428” for “34, 35, 53(e), and 6428”.

    § 6724 Waiver; definitions and special rules

    • (d)(1)(B)(xix) Pub. L. 110–289, § 3091(b)(1)(B), redesignated cl. (xix) relating to section 6039(a) as (xxi).
    • (d)(1)(B)(xx) Pub. L. 110–289, § 3091(b)(1)(A), which directed amendment of cl. (xx) by striking “or” at end, could not be executed…
    • (d)(1)(B)(xxi) Pub. L. 110–289, § 3091(b)(1)(B), (C), redesignated cl. (xix) as (xxi) and substituted “or” for “and” at end.
    • (d)(1)(B)(xxii) Pub. L. 110–289, § 3091(b)(1)(D), added cl. (xxii).
    • (d)(2)(BB) Pub. L. 110–289, § 3091(b)(2), which directed amendment of subpar. (BB) by striking “or” at end, could not be executed…
    • (d)(2)(CC) Pub. L. 110–289, § 3091(b)(2), substituted “, or” for period at end.
    • (d)(2)(DD) Pub. L. 110–289, § 3091(b)(2), added subpar. (DD).