Pub. L. 116-260 Dec. 27, 2020

134 Stat. 3040 · Changed 80 sections of the Code

Bill H.R. 133 · Bluebook JCT general explanation (2022)

§ 25A American Opportunity and Lifetime Learning credits

  • (d) Pub. L. 116–260, § 104(a)(1), added par. (1), redesignated par. (3) as (2), and struck out former pars. (1) and (2)…
  • (h) Pub. L. 116–260, § 104(a)(2), struck out subsec. (h) which related to inflation adjustments for the Lifetime Learning…

§ 25C Energy efficient home improvement credit

  • (d)(3) Pub. L. 116–260, § 148(b)(3)(A), struck out subpar. (E) which read as follows: “a stove which uses the burning of…
  • (d) Pub. L. 116–260, § 148(b)(3)(B), struck out par. (6). Text read as follows: “The term ‘biomass fuel’ means any…
  • (g) Pub. L. 116–260, § 141(a), substituted “December 31, 2021” for “December 31, 2020”.

§ 25D Residential clean energy credit

  • (a)(6) Pub. L. 116–260, § 148(b)(1), added par. (6).
  • (d)(6) Pub. L. 116–260, § 148(b)(2), added par. (6).
  • (g)(2) Pub. L. 116–260, § 148(a)(2)(A), substituted “January 1, 2023” for “January 1, 2021”.
  • (g)(3) Pub. L. 116–260, § 148(a)(2)(B), substituted “after December 31, 2022, and before January 1, 2024” for “after December…
  • (h) Pub. L. 116–260, § 148(a)(1), substituted “December 31, 2023” for “December 31, 2021”.

§ 30B Alternative motor vehicle credit

  • (k)(1) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 30C Alternative fuel vehicle refueling property credit

  • (g) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 30D Clean vehicle credit

  • (g)(3) Pub. L. 116–260 substituted “January 1, 2022” for “January 1, 2021”.

§ 35 Health insurance costs of eligible individuals

  • (b)(1)(B) Pub. L. 116–260 substituted “January 1, 2022” for “January 1, 2021”.

§ 40 Alcohol, etc., used as fuel

  • (b)(6)(J)(i) Pub. L. 116–260 substituted “January 1, 2022” for “January 1, 2021”.

§ 42 Low-income housing credit

  • (b)(3) (b)(4) Pub. L. 116–260 added par. (3) and redesignated former par. (3) as (4).

§ 45 Electricity produced from certain renewable resources, etc.

  • (b)(5)(D) Pub. L. 116–260, § 131(c)(1), substituted “January 1, 2022” for “January 1, 2021”.
  • (d)(1) (d)(2)(A) (d)(3)(A) (d)(4) (d)(6) (d)(7) (d)(9) (d)(11)(B) Pub. L. 116–260, § 131(a), substituted “January 1, 2022” for “January 1, 2021” wherever appearing.
  • (e)(10)(A) Pub. L. 116–260, § 145(a), substituted “16-year period” for “15-year period” in two places.

§ 45A Indian employment credit

  • (f) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 45D New markets tax credit

  • (f)(1)(H) Pub. L. 116–260, § 112(a), substituted “for each of calendar years 2020 through 2025” for “2020”.
  • (f)(3) Pub. L. 116–260, § 112(b), substituted “2030” for “2025”.

§ 45G Railroad track maintenance credit

  • (a) Pub. L. 116–260, § 105(b), substituted “40 percent (50 percent in the case of any taxable year beginning before January…
  • § 45G Pub. L. 116–260, § 105(a), struck out subsec. (f). Text read as follows: “This section shall apply to qualified…

§ 45L New energy efficient home credit

  • (g) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 45N Mine rescue team training credit

  • (e) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 45Q Credit for carbon oxide sequestration

  • (d)(1) Pub. L. 116–260 substituted “January 1, 2026” for “January 1, 2024” in introductory provisions.

§ 45S Employer credit for paid family and medical leave

  • § 45S Pub. L. 116–260 substituted “December 31, 2025” for “December 31, 2020”.

§ 48 Energy credit

  • (a)(2)(A)(i)(II) Pub. L. 116–260, § 132(a)(1)(A), substituted “January 1, 2024” for “January 1, 2022”.
  • (a)(2)(A)(i)(V) Pub. L. 116–260, § 203(b), added subcl. (V).
  • (a)(3)(A)(ii) (a)(3)(A)(vii) Pub. L. 116–260, § 132(a)(1)(B), substituted “January 1, 2024” for “January 1, 2022”.
  • (a)(3)(A)(viii) Pub. L. 116–260, § 203(a), added cl. (viii).
  • (a)(5)(C)(ii) Pub. L. 116–260, § 131(b), substituted “January 1, 2022” for “January 1, 2021”.
  • (a)(5)(E)(iv) Pub. L. 116–260, § 131(c)(2), substituted “January 1, 2022” for “January 1, 2021”.
  • (a)(5)(F) Pub. L. 116–260, § 204(a), added subpar. (F).
  • (a)(6) Pub. L. 116–260, § 132(b)(1)(A)(i), substituted “January 1, 2024, the energy percentage” for “January 1, 2022, the…
  • (a)(6) Pub. L. 116–260, § 132(b)(1)(A)(ii), substituted “January 1, 2023” for “January 1, 2021”.
  • (a)(6) Pub. L. 116–260, § 132(b)(1)(A)(iii), substituted “after December 31, 2022, and before January 1, 2024” for “after…
  • (a)(6) Pub. L. 116–260, § 132(b)(1)(B), substituted “begins before January 1, 2024, and which is not placed in service before…
  • (a)(7) Pub. L. 116–260, § 203(c)(2), substituted “certain other” for “fiber-optic solar, qualified fuel cell, and qualified…
  • (a)(7)(A) Pub. L. 116–260, § 203(c)(1), inserted “waste energy recovery property,” after “qualified small wind property,” in…
  • (a)(7)(A) Pub. L. 116–260, § 132(b)(2)(A)(i), substituted “January 1, 2023” for “January 1, 2021”.
  • (a)(7)(A) Pub. L. 116–260, § 132(b)(2)(A)(ii), substituted “after December 31, 2022, and before January 1, 2024” for “after…
  • (a)(7)(B) Pub. L. 116–260, § 132(b)(2)(B), substituted “January 1, 2026” for “January 1, 2024”.
  • (c)(1)(D) (c)(2)(D) (c)(3)(A)(iv) (c)(4)(C) Pub. L. 116–260, § 132(a)(2), substituted “January 1, 2024” for “January 1, 2022”.
  • (c)(5) Pub. L. 116–260, § 203(d), added par. (5).

§ 51 Amount of credit

  • (c)(4) Pub. L. 116–260 substituted “December 31, 2025” for “December 31, 2020”.

§ 62 Adjusted gross income defined

  • (a)(18) Pub. L. 116–260, § 104(b)(2)(A), struck out par. (18). Text read as follows: “The deduction allowed by section 222.”
  • (a) Pub. L. 116–260, § 212(c)(1), struck out par. (22). Text read as follows: “In the case of taxable years beginning in…
  • § 62 Pub. L. 116–260, § 212(c)(2), struck out subsec. (f) which defined terms relating to qualified charitable contributions.

§ 63 Taxable income defined

  • (b)(4) Pub. L. 116–260, § 212(b)(1), added par. (4).
  • (d)(2) (d) Pub. L. 116–260, § 212(b)(2), added par. (2) and struck out former pars. (2) and (3) which read as follows:

§ 74 Prizes and awards

  • (d)(2)(B) Pub. L. 116–260 struck out “222,” after “221,”.

§ 86 Social security and tier 1 railroad retirement benefits

  • (b)(2)(A) Pub. L. 116–260 struck out “222,” after “221,”.

§ 108 Income from discharge of indebtedness

  • (a)(1)(E) Pub. L. 116–260, § 114(a), substituted “January 1, 2026” for “January 1, 2021” in two places.
  • (h)(2) Pub. L. 116–260, § 114(b), substituted “$750,000 ($375,000” for “$2,000,000 ($1,000,000”.

§ 127 Educational assistance programs

  • (c)(1)(B) Pub. L. 116–260 substituted “January 1, 2026” for “January 1, 2021”.

§ 135 Income from United States savings bonds used to pay higher education tuition and fees

  • (c)(4)(A) Pub. L. 116–260 struck out “222,” after “221,”.

§ 137 Adoption assistance programs

  • (b)(3)(A) Pub. L. 116–260 struck out “222,” after “sections 221,”.

§ 139B Benefits provided to volunteer firefighters and emergency medical responders

  • § 139B Pub. L. 116–260 struck out subsec. (d). Text read as follows: “This section shall not apply with respect to taxable…

§ 163 Interest

  • (h)(3)(E)(iv)(I) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 168 Accelerated cost recovery system

  • (e)(3)(A)(i)(I) Pub. L. 116–260, § 137(a)(1), substituted “January 1, 2022” for “January 1, 2021”.
  • (e)(3)(A)(i)(II) Pub. L. 116–260, § 137(a)(2), substituted “December 31, 2021” for “December 31, 2020”.
  • (i)(15)(D) Pub. L. 116–260, § 115(a), substituted “December 31, 2025” for “December 31, 2020”.
  • (j)(9) Pub. L. 116–260, § 138(a), substituted “December 31, 2021” for “December 31, 2020”.

§ 170 Charitable, etc., contributions and gifts

  • (p) (q) Pub. L. 116–260 added subsec. (p) and redesignated former subsec. (p) as (q).

§ 179D Energy efficient commercial buildings deduction

  • (c)(1)(B)(ii) Pub. L. 116–260, § 102(c)(1)(A), substituted “Reference Standard 90.1” for “Standard 90.1–2007”.
  • (c)(2) Pub. L. 116–260, § 102(c)(1)(B), amended par. (2) generally. Prior to amendment, text read as follows: “The term…
  • (d)(2) Pub. L. 116–260, § 102(c)(2), substituted “with respect to any property, based on the provisions of the most recent…
  • (g) (h) Pub. L. 116–260, § 102(a), (b), added subsec. (g), redesignated former subsec. (g) as (h), and struck out former…

§ 181 Treatment of certain qualified productions

  • (g) Pub. L. 116–260 substituted “December 31, 2025” for “December 31, 2020”.

§ 213 Medical, dental, etc., expenses

  • (a) Pub. L. 116–260, § 101(a)(1), substituted “7.5 percent” for “10 percent”.
  • § 213 Pub. L. 116–260, § 101(a)(2), struck out subsec. (f). Text read as follows: “In the case of taxable years beginning…

§ 219 Retirement savings

  • (g)(3)(A)(ii) Pub. L. 116–260 struck out “222,” after “221,”.

§ 221 Interest on education loans

  • (b)(2)(C)(i) Pub. L. 116–260 struck out “222,” after “and sections”.

§ 223 Health savings accounts

  • (c)(1)(D) Pub. L. 116–260, § 102(c)(4)(A)(i), added subpar. (D).
  • (c)(2)(F) Pub. L. 116–260, § 102(c)(4)(A)(ii), added subpar. (F).

§ 263A Capitalization and inclusion in inventory costs of certain expenses

  • (f)(4) Pub. L. 116–260 amended par. (4) generally. Prior to amendment, par. (4) consisted of subpars. (A) and (B) relating to…

§ 274 Disallowance of certain entertainment, etc., expenses

  • (n)(2)(D) Pub. L. 116–260 added subpar. (D).

§ 401 Qualified pension, profit-sharing, and stock bonus plans

  • (a)(36) Pub. L. 116–260 amended par. (36) generally. Prior to amendment, text read as follows: “A trust forming part of a…

§ 420 Transfers of excess pension assets to retiree health accounts

  • (f)(7) Pub. L. 116–260 added par. (7).

§ 469 Passive activity losses and credits limited

  • (i)(3)(E)(iii) Pub. L. 116–260 struck out “222,” after “221,”.

§ 954 Foreign base company income

  • (c)(6)(C) Pub. L. 116–260 substituted “January 1, 2026” for “January 1, 2021”.

§ 1391 Designation procedure

  • (d)(1)(A)(i) Pub. L. 116–260 substituted “December 31, 2025” for “December 31, 2020”.

§ 1397A Increase in expensing under section 179

  • (c) Pub. L. 116–260 added subsec. (c).

§ 1397B Nonrecognition of gain on rollover of empowerment zone investments

  • (c) Pub. L. 116–260 added subsec. (c).

§ 4121 Imposition of tax

  • § 4121 Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

§ 4611 Imposition of tax

  • (f)(2) Pub. L. 116–260 substituted “December 31, 2025” for “December 31, 2020”.

§ 5001 Imposition, rate, and attachment of tax

  • (c) Pub. L. 116–260, § 106(g)(1)(A), substituted “Reduced Rate” for “Temporary reduced rate” in heading.
  • (c)(2)(D) Pub. L. 116–260, § 110(c), substituted “under a license” for “marketed under a similar brand, license” and inserted “or…
  • (c)(3)(B) Pub. L. 116–260, § 106(g)(1)(B), substituted “The Secretary of the Treasury, after consultation with the Secretary of…
  • (c)(4) Pub. L. 116–260, § 107(a)(1), added par. (4).
  • (c)(4) Pub. L. 116–260, § 106(g)(1)(C), struck out par. (4). Text read as follows: “This subsection shall not apply to…
  • (c)(5) Pub. L. 116–260, § 109(a), added par. (5).

§ 5041 Imposition and rate of tax

  • (b)(1) (b)(2) Pub. L. 116–260, § 106(e)(1), substituted “16 percent” for “14 percent (16 percent in the case of wine removed after…
  • (c) Pub. L. 116–260, § 106(d)(1)(A), struck out “for small domestic producers” after “Credit” in heading.
  • (c)(1) Pub. L. 116–260, § 106(d)(1)(B), amended par. (1) generally. Prior to amendment, text read as follows: “Except as…
  • (c)(1)(A) Pub. L. 116–260, § 106(d)(2)(A), inserted “but only if the importer is an electing importer under paragraph (6) and the…
  • (c)(2) (c)(3) (c)(4) (c)(5) Pub. L. 116–260, § 106(d)(1)(C), (D), redesignated pars. (3) to (6) as (2) to (5), respectively, and struck out former…
  • (c)(6) Pub. L. 116–260, § 106(d)(1)(E), which directed only the redesignation of par. (9) as (6), was executed by…
  • (c)(6)(A) Pub. L. 116–260, § 106(d)(2)(B)(i), substituted “paragraph (1)” for “paragraph (8)”.
  • (c)(6)(B) Pub. L. 116–260, § 106(d)(2)(B)(ii), substituted “The Secretary of the Treasury, after consultation with the Secretary…
  • (c)(6)(C) Pub. L. 116–260, § 106(d)(2)(B)(iii), substituted “paragraph (3)” for “paragraph (4)”.
  • (c)(7) Pub. L. 116–260, § 107(c)(1), added par. (7). Former par. (7) redesignated (8).
  • (c)(7) Pub. L. 116–260, § 106(d)(1)(F), amended par. (7) generally. Prior to amendment, text read as follows: “The Secretary…
  • (c)(8) Pub. L. 116–260, § 107(c)(1), redesignated par. (7) as (8).
  • (c)(8) Pub. L. 116–260, § 106(d)(1)(C), struck out par. (8) which related to a special rule for wine and hard cider removed…
  • (c) Pub. L. 116–260, § 106(d)(1)(E), redesignated par. (9) as (6).
  • (h)(2)(A)(i) Pub. L. 116–260, § 106(f)(1)(A), substituted “the Secretary may” for “the Secretary shall”.
  • (h) Pub. L. 116–260, § 106(f)(1)(B), struck out par. (3). Text read as follows: “This subsection shall not apply to wine…

§ 5051 Imposition and rate of tax

  • (a)(1) Pub. L. 116–260, § 106(b)(1), amended par. (1) generally. Prior to amendment, par. (1) consisted of subpars. (A) to (D)…
  • (a)(1)(A)(i)(II) Pub. L. 116–260, § 106(b)(3)(A), inserted “but only if the importer is an electing importer under paragraph (4) and the…
  • (a)(2)(A) Pub. L. 116–260, § 106(b)(2), inserted “$3.50 a barrel” before “rate” in heading and substituted “$3.50” for “$7 ($3.50…
  • (a)(4)(A) Pub. L. 116–260, § 106(b)(3)(B)(i), substituted “paragraph (1)(A)” for “paragraph (1)(C)”.
  • (a)(4)(B) Pub. L. 116–260, § 106(b)(3)(B)(ii), substituted “The Secretary, after consultation with the Secretary of the…
  • (a)(5) Pub. L. 116–260, § 106(b)(4), substituted “paragraph (1)(A)(i)” for “paragraph (1)(C)(i)” wherever appearing.
  • (a)(5)(C) Pub. L. 116–260, § 110(a), substituted “under a license” for “marketed under a similar brand, license”.
  • (a)(6) Pub. L. 116–260, § 107(b)(1), added par. (6).

§ 5067 Reduced rates not allowed for smuggled or illegally produced beer, wine, or spirits

§ 5068 Cross reference

    § 5212 Transfer of distilled spirits between bonded premises

    • § 5212 Pub. L. 116–260 substituted “between bonded premises belonging to the same person or members of the same controlled…

    § 5414 Transfer of beer between bonded facilities

    • § 5414 Pub. L. 116–260 amended section generally. Prior to amendment, section related to removals of beer from one brewery to…

    § 5555 Records, statements, and returns

    • (a) Pub. L. 116–260 substituted “The Secretary” for “For calendar quarters beginning after the date of the enactment of…

    § 6038E Information with respect to assignment of lower rates or refunds by foreign producers of beer, wine, and distilled spirits

    § 6103 Confidentiality and disclosure of returns and return information

    • (a)(3) Pub. L. 116–260, div. N, § 284(a)(3)(A), and div. FF, § 103(a)(3)(A), amended par. (3) identically, substituting “(13)…
    • (a)(3) Pub. L. 116–260, div. N, § 283(b)(2)(A), and div. FF, § 102(b)(2)(A), amended par. (3) identically, substituting “(14)…
    • (k)(15) Pub. L. 116–260, div. N, § 283(b)(1), and div. FF, § 102(b)(1), amended subsec. (k) identically, adding par. (15).
    • (l)(13)(D)(iii) Pub. L. 116–260, div. N, § 284(a)(1)(A), and div. FF, § 103(a)(1)(A), amended cl. (iii) identically, inserting at end…
    • (l)(13)(D)(iv) (l)(13)(D)(v) (l)(13)(D)(vi) Pub. L. 116–260, div. N, § 284(a)(1)(B), and div. FF, § 103(a)(1)(B), made substantially identical amendments, adding…
    • (l)(13)(F) Pub. L. 116–260, div. N, § 284(a)(2), and div. FF, § 103(a)(2), amended subpar. (F) identically, inserting “, and any…
    • (p)(3)(A) Pub. L. 116–260, div. N, § 284(a)(3)(B), and div. FF, § 103(a)(3)(B), amended subpar. (A) identically, substituting…
    • (p)(4) Pub. L. 116–260, div. N, § 283(b)(2)(B), and div. FF, § 102(b)(2)(B), amended par. (4) identically, substituting…

    § 6211 Definition of a deficiency

    • (b)(4)(A) Pub. L. 116–260 substituted “6428, and 6428A” for “and 6428”.

    § 6213 Restrictions applicable to deficiencies; petition to Tax Court

    • (g)(2)(L) Pub. L. 116–260 substituted “6428, or 6428A” for “or 6428” in introductory provisions.

    § 6426 Credit for alcohol fuel, biodiesel, and alternative fuel mixtures

    • (d)(5) (e)(3) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

    § 6427 Fuels not used for taxable purposes

    • (e)(6)(C) Pub. L. 116–260 substituted “December 31, 2021” for “December 31, 2020”.

    § 6428 2020 recovery rebates for individuals

    • (c)(1) Pub. L. 116–260, § 273(a)(1), inserted “or a surviving spouse (as defined in section 2(a))” after “joint return”.
    • (f)(3)(A) Pub. L. 116–260, § 273(a)(2)(A), substituted “attributable to this subsection” for “attributable to this section”.
    • (f)(4) Pub. L. 116–260, § 273(a)(2)(B), substituted “subsection” for “section”.
    • (f)(6) (f)(7) Pub. L. 116–260, § 273(a)(2)(C), added par. (6) and redesignated former par. (6) as (7).
    • (g) Pub. L. 116–260, § 273(a)(3), added subsec. (g) and struck out former subsec. (g) which set forth general provisions…

    § 6428A Additional 2020 recovery rebates for individuals

    § 6662 Imposition of accuracy-related penalty on underpayments

    • (b)(9) Pub. L. 116–260, § 212(b)(1), added par. (9).
    • (l) Pub. L. 116–260, § 212(b)(2), added subsec. (l).

    § 6751 Procedural requirements

    • (b)(2)(A) Pub. L. 116–260 substituted “6655, or 6662 (but only with respect to an addition to tax by reason of subsection (b)(9)…

    § 7213 Unauthorized disclosure of information

    • (a)(2) Pub. L. 116–260, div. N, § 283(b)(2)(C), and div. FF, § 102(b)(2)(C), amended par. (2) identically, substituting…

    § 7652 Shipments to the United States

    • (e) Pub. L. 116–260, § 106(a)(2)(B), struck out par. (5). Text read as follows: “For purposes of this subsection, the…
    • (i) Pub. L. 116–260, § 106(a)(2)(A), added subsec. (i).

    § 7702 Life insurance contract defined

    • (b)(2)(A) Pub. L. 116–260, § 205(a)(1), substituted “the applicable accumulation test minimum rate” for “an annual effective rate…
    • (b)(3) Pub. L. 116–260, § 205(a)(2), added par. (3).
    • (c)(3)(B)(iii) Pub. L. 116–260, § 205(b)(1), substituted “the applicable guideline premium minimum rate” for “an annual effective rate…
    • (c)(3)(E) Pub. L. 116–260, § 205(b)(2), added subpar. (E).
    • (c)(4) Pub. L. 116–260, § 205(c), substituted “the applicable accumulation test minimum rate” for “4 percent” and “the…
    • (f)(11) Pub. L. 116–260, § 205(d), added par. (11).

    § 9505 Harbor Maintenance Trust Fund

    • (a)(2) Pub. L. 116–260 substituted “Great Lakes St. Lawrence Seaway Development Corporation” for “Saint Lawrence Seaway…

    § 9812 Parity in mental health and substance use disorder benefits

    § 9816 Preventing surprise medical bills

    • Enacted § 9816
    • (c) (d) Pub. L. 116–260, § 103(c), added subsec. (c) and redesignated former subsec. (c) as (d).
    • (e) Pub. L. 116–260, § 107(c), added subsec. (e).
    • (f) Pub. L. 116–260, § 111(b), added subsec. (f).

    § 9817 Ending surprise air ambulance bills

    § 9818 Continuity of care

    § 9819 Maintenance of price comparison tool

    § 9820 Protecting patients and improving the accuracy of provider directory information

    § 9822 Other patient protections

    § 9823 Air ambulance report requirements

    § 9824 Increasing transparency by removing gag clauses on price and quality information

    § 9825 Reporting on pharmacy benefits and drug costs