Pub. L. 111-5 Feb. 17, 2009

123 Stat. 313 · Changed 58 sections of the Code

Bill H.R. 1 · Senate report S. Rept. 111-3 · Conference report H. Rept. 111-16 · Bluebook JCT general explanation (2011)

§ 24 Child tax credit

  • (b) Pub. L. 111–5, § 1144(b)(1)(A), inserted “30B,” after “30,”.
  • (b) Pub. L. 111–5, § 1142(b)(1)(A), inserted “30,” after “25D,”.
  • (b) Pub. L. 111–5, § 1004(b)(1), inserted “25A(i),” after “23,”.
  • (d) Pub. L. 111–5, § 1003(a), amended par. (4) generally. Prior to amendment, text read as follows: “Notwithstanding…

§ 25 Interest on certain home mortgages

  • (e)(1)(C) Pub. L. 111–5, § 1144(b)(1)(B), inserted “30B,” after “30,”.
  • (e)(1)(C) Pub. L. 111–5, § 1142(b)(1)(B), inserted “30,” after “25D,”.
  • (e)(1)(C) Pub. L. 111–5, § 1004(b)(2), inserted “25A(i),” after “24,”.

§ 25A American Opportunity and Lifetime Learning credits

  • (i) (j) Pub. L. 111–5 added subsec. (i) and redesignated former subsec. (i) as (j).

§ 25B Elective deferrals and IRA contributions by certain individuals

  • § 25B Pub. L. 111–5, § 1144(b)(1)(C), inserted “30B,” after “30,”.
  • § 25B Pub. L. 111–5, § 1142(b)(1)(C), inserted “30,” after “25D,”.
  • § 25B Pub. L. 111–5, § 1004(b)(4), inserted “25A(i),” after “23,”.

§ 25C Energy efficient home improvement credit

  • (a) (b) Pub. L. 111–5, § 1121(a), added subsecs. (a) and (b) and struck out former subsecs. (a) and (b) which related to credit…
  • (c)(2)(A) Pub. L. 111–5, § 1121(d)(2), inserted “and meets the prescriptive criteria for such material or system established by…
  • (c)(4) Pub. L. 111–5, § 1121(d)(1), added par. (4).
  • (d)(2)(A)(ii) Pub. L. 111–5, § 1121(c)(2), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “a qualified…
  • (d)(3)(B) Pub. L. 111–5, § 1121(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “an…
  • (d)(3)(C) Pub. L. 111–5, § 1121(b)(2), substituted “2009” for “2006”.
  • (d)(3) Pub. L. 111–5, § 1121(b)(3), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: “a natural…
  • (d)(3) Pub. L. 111–5, § 1121(b)(4), inserted “, as measured using a lower heating value” after “75 percent”.
  • (d) Pub. L. 111–5, § 1121(c)(1), amended par. (4) generally. Prior to amendment, text read as follows: “The term ‘qualified…
  • (e)(1) Pub. L. 111–5, § 1103(b)(2)(A), substituted “and (8)” for “(8), and (9)”.
  • (g) Pub. L. 111–5, § 1121(e), substituted “December 31, 2010” for “December 31, 2009”.

§ 25D Residential clean energy credit

  • (b)(1) Pub. L. 111–5, § 1122(a)(1), amended par. (1) generally. Prior to amendment, par. (1) related to maximum credit with…
  • (e)(4) Pub. L. 111–5, § 1122(a)(2)(A), added par. heading and introductory provisions and struck out former heading and…
  • (e)(4)(A) Pub. L. 111–5, § 1122(a)(2)(A), added subpar. (A) and struck out former subpar. (A) which related to maximum amount of…
  • (e)(4) Pub. L. 111–5, § 1122(a)(2)(B), struck out subpar. (C) which read as follows: “Subparagraphs (A) and (B) shall be…
  • (e) Pub. L. 111–5, § 1103(b)(2)(B), struck out par. (9). Text read as follows: “For purposes of determining the amount of…

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

  • (a)(1) Pub. L. 111–5, § 1144(b)(1)(D), inserted “30B,” after “30,” in introductory provisions.
  • (a)(1) Pub. L. 111–5, § 1142(b)(1)(D), inserted “30,” after “25D,” in introductory provisions.
  • (a)(1) Pub. L. 111–5, § 1004(b)(3), inserted “25A(i),” after “24,” in introductory provisions.
  • (a)(2) Pub. L. 111–5, § 1011(a), substituted “2009” for “2008” in heading and “2008, or 2009” for “or 2008” in introductory…

§ 30B Alternative motor vehicle credit

  • (a)(5) Pub. L. 111–5, § 1143(b), added par. (5).
  • (d)(3)(D) Pub. L. 111–5, § 1141(b)(1), substituted “subsection (c) thereof” for “subsection (d) thereof”.
  • (g)(2) Pub. L. 111–5, § 1144(a), amended par. (2) generally. Prior to amendment, text read as follows: “The credit allowed…
  • (h)(1) Pub. L. 111–5, § 1142(b)(2), amended par. (1) generally. Prior to amendment, text read as follows: “The term ‘motor…
  • (h)(8) Pub. L. 111–5, § 1143(c), inserted at end “, except that no benefit shall be recaptured if such property ceases to be…
  • (i) (j) (k) Pub. L. 111–5, § 1143(a), added subsec. (i) and redesignated former subsecs. (i) and (j) as (j) and (k), respectively.

§ 30C Alternative fuel vehicle refueling property credit

  • (d)(2)(A) Pub. L. 111–5, § 1144(b)(2), substituted “section 27” for “sections 27 and 30B”.
  • (d)(2)(A) Pub. L. 111–5, § 1142(b)(3), struck out “, 30,” before “and 30B”.
  • (e)(6) Pub. L. 111–5, § 1123(a), added par. (6).

§ 30D Clean vehicle credit

  • § 30D Pub. L. 111–5 amended section generally. Prior to amendment, section provided credit with respect to each new qualified…

§ 32 Earned income

  • (b) Pub. L. 111–5 added par. (3).

§ 35 Health insurance costs of eligible individuals

  • (a) Pub. L. 111–5, § 1899A(a)(1), inserted “(80 percent in the case of eligible coverage months beginning before January 1…
  • (c)(2) Pub. L. 111–5, § 1899C(a), amended par. (2) generally. Prior to amendment, text read as follows: “The term ‘eligible…
  • (e)(1)(K) Pub. L. 111–5, § 1899G(a), added subpar. (K).
  • (g)(9) (g)(10) Pub. L. 111–5, § 3001(a)(14)(A), as amended by Pub. L. 113–295, § 209(j)(3), added par. (9) relating to COBRA premium…
  • (g)(9) (g)(10) Pub. L. 111–5, § 1899E(a), added par. (9) relating to continued qualification of family members after certain events…
  • (g)(11) Pub. L. 111–5, § 3001(a)(14)(A), as amended by Pub. L. 113–295, § 209(j)(3), redesignated par. (10) relating to…

§ 36 First-time homebuyer credit

  • (b)(1)(A) Pub. L. 111–5, § 1006(b)(1), substituted “$8,000” for “$7,500”.
  • (b)(1)(B) Pub. L. 111–5, § 1006(b), substituted “$4,000” for “$3,750” and “$8,000” for “$7,500”.
  • (b)(1)(C) Pub. L. 111–5, § 1006(b)(1), substituted “$8,000” for “$7,500”.
  • (d) Pub. L. 111–5, § 1006(d)(2), (e), redesignated pars. (3) and (4) as (1) and (2), respectively, and struck out former…
  • (f)(4)(D) Pub. L. 111–5, § 1006(c)(1), added subpar. (D).
  • (g) Pub. L. 111–5, § 1006(a)(2), (c)(2), substituted “December 1, 2009” for “July 1, 2009” and “subsections (c) and…
  • (h) Pub. L. 111–5, § 1006(a)(1), substituted “December 1, 2009” for “July 1, 2009”.

§ 38 General business credit

  • (b)(35) Pub. L. 111–5 substituted “30D(c)(1)” for “30D(d)(1)”.

§ 42 Low-income housing credit

  • (i) Pub. L. 111–5 added par. (9).

§ 45 Electricity produced from certain renewable resources, etc.

§ 45D New markets tax credit

  • (f)(1)(D) Pub. L. 111–5, § 1403(a)(2), substituted “and 2007,” for “, 2007, 2008, and 2009.”
  • (f)(1)(E) (f)(1)(F) Pub. L. 111–5, § 1403(a)(1), (3), added subpars. (E) and (F).

§ 45Q Credit for carbon oxide sequestration

  • (a)(1)(B) Pub. L. 111–5, § 1131(b)(2), inserted “and not used by the taxpayer as described in paragraph (2)(B)” after “storage”.
  • (a)(2) Pub. L. 111–5, § 1131(a), added subpar. (C).
  • (d)(2) Pub. L. 111–5, § 1131(b)(1), inserted “the Secretary of Energy, and the Secretary of the Interior,” after…
  • (e) Pub. L. 111–5, § 1131(b)(3), substituted “taken into account in accordance with subsection (a)” for “captured and…

§ 46 Amount of credit

  • (5) Pub. L. 111–5 added par. (5).

§ 48 Energy credit

  • (a)(4) Pub. L. 111–5, § 1103(b)(1), added subpar. (D).
  • (a)(5) Pub. L. 111–5, § 1102(a), added par. (5).
  • (c)(4)(B) (c)(4)(C) (c)(4) Pub. L. 111–5, § 1103(a), redesignated subpars. (C) and (D) as (B) and (C), respectively, and struck out former subpar.…
  • (d) Pub. L. 111–5, § 1104, added subsec. (d).

§ 48A Qualifying advanced coal project credit

  • (b)(2) Pub. L. 111–5 inserted “(without regard to subparagraph (D) thereof)” after “section 48(a)(4)”.

§ 48B Qualifying gasification project credit

  • (b)(2) Pub. L. 111–5 inserted “(without regard to subparagraph (D) thereof)” after “section 48(a)(4)”.

§ 48C Qualifying advanced energy project credit

§ 49 At-risk rules

§ 51 Amount of credit

  • (d)(14) Pub. L. 111–5 added par. (14).

§ 53 Credit for prior year minimum tax liability

  • (d)(1)(B)(iii) Pub. L. 111–5, § 1142(b)(4)(A), redesignated cl. (iv) as (iii) and struck out former cl. (iii). Prior to amendment…
  • (d)(1)(B)(iii)(II) Pub. L. 111–5, § 1142(b)(4)(B), struck out “increased in the manner provided in clause (iii)” before period.
  • (d)(1)(B) Pub. L. 111–5, § 1142(b)(4)(A), redesignated cl. (iv) as (iii).

§ 55 Alternative minimum tax imposed

  • (c)(3) Pub. L. 111–5, § 1144(b)(3), struck out “30B(g)(2),” after “sections 26(a),”.
  • (c)(3) Pub. L. 111–5, § 1142(b)(5), struck out “30(b)(3),” after “sections 26(a),”.
  • (d)(1)(A) Pub. L. 111–5, § 1012(a)(1), substituted “($70,950 in the case of taxable years beginning in 2009)” for “($69,950 in…
  • (d)(1)(B) Pub. L. 111–5, § 1012(a)(2), substituted “($46,700 in the case of taxable years beginning in 2009)” for “($46,200 in…

§ 56 Adjustments in computing alternative minimum taxable income

  • (b)(1)(E) Pub. L. 111–5, § 1008(d), substituted “subparagraphs (D) and (E) of section 63(c)(1)” for “section 63(c)(1)(D)”.
  • § 56 Pub. L. 111–5, § 1503(b), added cl. (iv).

§ 57 Items of tax preference

§ 63 Taxable income defined

  • (c)(1) Pub. L. 111–5, § 1008(c)(1), added subpar. (E).
  • (c) Pub. L. 111–5, § 1008(c)(2), added par. (9).

§ 85 Unemployment compensation

  • (c) Pub. L. 111–5 added subsec. (c).

§ 108 Income from discharge of indebtedness

  • (i) Pub. L. 111–5 added subsec. (i).

§ 132 Certain fringe benefits

  • (f)(2) Pub. L. 111–5 inserted concluding provisions.

§ 142 Exempt facility bond

  • (i)(1) Pub. L. 111–5 substituted “be capable of attaining a maximum speed in excess of” for “operate at speeds in excess of”.

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

  • (a)(12)(C) Pub. L. 111–5 substituted dash for comma after “For purposes of this paragraph”, designated remainder of first sentence…

§ 163 Interest

  • (e)(5)(F) (e)(5)(G) Pub. L. 111–5, § 1232(a), added subpar. (F) and redesignated former subpar. (F) as (G).
  • (i)(1) Pub. L. 111–5, § 1232(b), in concluding provisions, inserted “(i)” before “permit a rate” and “, or (ii) permit, on a…

§ 164 Taxes

  • (a) Pub. L. 111–5, § 1008(a), added par. (6).
  • (b)(6) Pub. L. 111–5, § 1008(b), added par. (6).

§ 168 Accelerated cost recovery system

  • (k) Pub. L. 111–5, § 1201(a)(2)(A), substituted “January 1, 2010” for “January 1, 2009” in heading.
  • (k)(2)(A) Pub. L. 111–5, § 1201(a)(1)(B), substituted “January 1, 2010” for “January 1, 2009”.
  • (k)(2)(A) Pub. L. 111–5, § 1201(a)(1), substituted “January 1, 2010,” for “January 1, 2009,” and “January 1, 2011.” for “January…
  • (k)(2)(B)(ii) Pub. L. 111–5, § 1201(a)(1)(B), (2)(B), substituted “pre-January 1, 2010” for “pre-January 1, 2009” in heading and…
  • (k)(2)(E)(i) Pub. L. 111–5, § 1201(a)(1)(B), substituted “January 1, 2010” for “January 1, 2009”.
  • (k)(4) Pub. L. 111–5, § 1201(a)(3)(A)(i), (iii), added cl. (ii). Former cl. (ii) redesignated (iii).
  • (k)(4) Pub. L. 111–5, § 1201(b)(1)(A), substituted “2010” for “2009”.
  • (k)(4) Pub. L. 111–5, § 1201(a)(3)(A)(ii), redesignated cl. (ii) as (iii).
  • (k)(4) Pub. L. 111–5, § 1201(b)(1)(B), added subpar. (H).
  • (l)(5) Pub. L. 111–5, § 1201(a)(2)(C), substituted “January 1, 2010” for “January 1, 2009”.
  • (n)(2)(C) Pub. L. 111–5, § 1201(a)(2)(D), substituted “January 1, 2010” for “January 1, 2009”.

§ 172 Net operating loss deduction

  • (b)(1) Pub. L. 111–5, § 1211(a), amended subpar. (H) generally. Prior to amendment, subpar. (H) read as follows: “In the case…
  • § 172 Pub. L. 111–5, § 1211(b), redesignated subsec. (l) as (k) and struck out former subsec. (k). Prior to amendment, text…

§ 179 Election to expense certain depreciable business assets

  • (b) Pub. L. 111–5 substituted “2008, and 2009” for “2008” in heading and “2008, or 2009” for “2008” in introductory…

§ 265 Expenses and interest relating to tax-exempt income

  • (b)(3)(G) Pub. L. 111–5, § 1502(a), added subpar. (G).
  • (b)(7) Pub. L. 111–5, § 1501(a), added par. (7).

§ 291 Special rules relating to corporate preference items

  • (e)(1)(B)(iv) Pub. L. 111–5 inserted at end “That portion of any obligation not taken into account under paragraph (2)(A) of section…

§ 382 Limitation on net operating loss carryforwards and certain built-in losses following ownership change

  • (n) Pub. L. 111–5 added subsec. (n).

§ 529 Qualified tuition programs

  • (e)(3)(A) Pub. L. 111–5 added cl. (iii) and concluding provisions.

§ 853A Credits from tax credit bonds allowed to shareholders

§ 904 Limitation on credit

  • (i) Pub. L. 111–5, § 1144(b)(1)(E), inserted “30B,” after “30”.
  • (i) Pub. L. 111–5, § 1142(b)(1)(E), substituted “25B, 30, and 30D” for “and 25B”.
  • (i) Pub. L. 111–5, § 1004(b)(5), inserted “25A(i),” after “24,”.

§ 1016 Adjustments to basis

  • (a)(25) Pub. L. 111–5, § 1142(b)(6), substituted “section 30(e)(1)” for “section 30(d)(1)”.
  • (a)(25) Pub. L. 111–5, § 1141(b)(3), which directed amendment of subsec. (a)(25) by substituting “section 30D(f)(1)” for…

§ 1202 Partial exclusion for gain from certain small business stock

  • (a)(3) Pub. L. 111–5 added par. (3).

§ 1374 Tax imposed on certain built-in gains

  • (d)(7) Pub. L. 111–5 amended par. (7) generally. Prior to amendment, text read as follows: “The term ‘recognition period’…

§ 4980B Failure to satisfy continuation coverage requirements of group health plans

  • (f)(2)(B)(i)(V) Pub. L. 111–5, § 1899F(b)(2), added subcl. (V). Former subcl. (V) redesignated (VII).
  • (f)(2)(B)(i)(VI) Pub. L. 111–5, § 1899F(b)(2), added subcl. (VI). Former subcl. (VI) redesignated (VIII).
  • (f)(2)(B)(i)(VI) Pub. L. 111–5, § 1899F(b)(1), designated concluding provisions as subcl. (VI) and inserted heading.
  • (f)(2)(B)(i)(VII) (f)(2)(B)(i)(VIII) Pub. L. 111–5, § 1899F(b)(2), designated subcls. (V) and (VI) as (VII) and (VIII), respectively.

§ 6211 Definition of a deficiency

  • (b)(4)(A) Pub. L. 111–5, § 1531(c)(4), substituted “6428, and 6431” for “and 6428”.
  • (b)(4)(A) Pub. L. 111–5, § 1201(a)(3)(B), (b)(2), amended subpar. (A) identically, inserting “168(k)(4),” after “53(e),”.
  • (b)(4)(A) Pub. L. 111–5, § 1004(b)(7), inserted “25A by reason of subsection (i)(6) thereof,” after “24(d),”.
  • (b)(4)(A) Pub. L. 111–5, § 1001(e)(1), inserted “36A,” after “36,”.

§ 6213 Restrictions applicable to deficiencies; petition to Tax Court

§ 6401 Amounts treated as overpayments

  • (b)(1) Pub. L. 111–5 substituted “I, and J” for “and I”.

§ 6501 Limitations on assessment and collection

  • (m) Pub. L. 111–5, § 1142(b)(7), substituted “section 30(e)(6)” for “section 30(d)(4)”.
  • (m) Pub. L. 111–5, § 1141(b)(4), which directed amendment of subsec. (m) by substituting “section 30D(e)(4)” for “section…

§ 6654 Failure by individual to pay estimated income tax

  • (d)(1) Pub. L. 111–5 added subpar. (D).

§ 7527 Advance payment of credit for health insurance costs of eligible individuals

  • (b) Pub. L. 111–5, § 1899A(a)(2), inserted “(80 percent in the case of eligible coverage months beginning before January 1…
  • (d) Pub. L. 111–5, § 1899H(a), amended subsec. (d) generally. Prior to amendment, text read as follows: “For purposes of…
  • (e) Pub. L. 111–5, § 1899B(a), added subsec. (e).

§ 7871 Indian tribal governments treated as States for certain purposes

  • (f) Pub. L. 111–5 added subsec. (f).

§ 9801 Increased portability through limitation on preexisting condition exclusions