[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4853 Enrolled Bill (ENR)]
H.R.4853
One Hundred Eleventh Congress
of the
United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Tuesday,
the fifth day of January, two thousand and ten
An Act
To amend the Internal Revenue Code of 1986 to extend the funding and
expenditure authority of the Airport and Airway Trust Fund, to amend
title 49, United States Code, to extend authorizations for the airport
improvement program, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

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(a) Short Title.--This Act may be cited as the ``Tax Relief,
Unemployment Insurance Reauthorization, and Job Creation Act of 2010''.
(b) Amendment of 1986 Code.--Except as otherwise expressly
provided, whenever in this Act an amendment or repeal is expressed in
terms of an amendment to, or repeal of, a section or other provision,
the reference shall be considered to be made to a section or other
provision of the Internal Revenue Code of 1986.
(c) Table of Contents.--The table of contents for this Act is as
follows:

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TITLE II

-TEMPORARY EXTENSION OF INDIVIDUAL AMT RELIEF

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TITLE III

-TEMPORARY ESTATE TAX RELIEF

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TITLE IV

-TEMPORARY EXTENSION OF INVESTMENT INCENTIVES

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TITLE V

-TEMPORARY EXTENSION OF UNEMPLOYMENT INSURANCE AND RELATED

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TITLE VI

-TEMPORARY EMPLOYEE PAYROLL TAX CUT

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TITLE VII

-TEMPORARY EXTENSION OF CERTAIN EXPIRING PROVISIONS

State electric restructuring policy for qualified electric
utilities.

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determining gross estate of nonresidents.

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and federally assisted programs.
Subtitle C--Business Tax Relief

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improvements, qualified restaurant buildings and improvements,
and qualified retail improvements.

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computer inventory for educational purposes.

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domestic production activities in Puerto Rico.

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foreign corporations under foreign personal holding company
rules.

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business stock.
Subtitle D--Temporary Disaster Relief Provisions
subpart a--new york liberty zone

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(a) Temporary Extension.--
(1) In general.--Section 901 of the Economic Growth and Tax
Relief Reconciliation Act of 2001 is amended by striking ``December
31, 2010'' both places it appears and inserting ``December 31,
2012''.
(2) Effective date.--The amendment made by this subsection
shall take effect as if included in the enactment of the Economic
Growth and Tax Relief Reconciliation Act of 2001.
(b) Separate Sunset for Expansion of Adoption Benefits Under the
Patient Protection and Affordable Care Act.--
(1) In general.--Subsection (c) of section 10909 of the Patient
Protection and Affordable Care Act is amended to read as follows:
``(c) Sunset Provision.--Each provision of law amended by this
section is amended to read as such provision would read if this section
had never been enacted. The amendments made by the preceding sentence
shall apply to taxable years beginning after December 31, 2011.''.
(2) Conforming amendment.--Subsection (d) of section 10909 of
such Act is amended by striking ``The amendments'' and inserting
``Except as provided in subsection (c), the amendments''.

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TITLE I

-TEMPORARY EXTENSION OF TAX RELIEF

(a) In General.--Section 303 of the Jobs and Growth Tax Relief
Reconciliation Act of 2003 is amended by striking ``December 31, 2010''
and inserting ``December 31, 2012''.
(b) Effective Date.--The amendment made by this section shall take
effect as if included in the enactment of the Jobs and Growth Tax
Relief Reconciliation Act of 2003.

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(a) American Opportunity Tax Credit.--
(1) In general.--Section 25A(i) is amended by striking ``or
2010'' and inserting ``, 2010, 2011, or 2012''.
(2) Treatment of possessions.--Section 1004(c)(1) of the
American Recovery and Reinvestment Tax Act of 2009 is amended by
striking ``and 2010'' each place it appears and inserting ``, 2010,
2011, and 2012''.
(b) Child Tax Credit.--Section 24(d)(4) is amended--
(1) by striking ``2009 and 2010'' in the heading and inserting
``2009, 2010, 2011, and 2012'', and
(2) by striking ``or 2010'' and inserting ``, 2010, 2011, or
2012''.
(c) Earned Income Tax Credit.--Section 32(b)(3) is amended--
(1) by striking ``2009 and 2010'' in the heading and inserting
``2009, 2010, 2011, and 2012'', and
(2) by striking ``or 2010'' and inserting ``, 2010, 2011, or
2012''.
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2010.

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EXEMPTION AMOUNT.
(a) In General.--Paragraph (1) of section 55(d) is amended--
(1) by striking ``$70,950'' and all that follows through
``2009'' in subparagraph (A) and inserting ``$72,450 in the case of
taxable years beginning in 2010 and $74,450 in the case of taxable
years beginning in 2011'', and
(2) by striking ``$46,700'' and all that follows through
``2009'' in subparagraph (B) and inserting ``$47,450 in the case of
taxable years beginning in 2010 and $48,450 in the case of taxable
years beginning in 2011''.
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2009.
(c) Repeal of EGTRRA Sunset.--Title IX of the Economic Growth and
Tax Relief Reconciliation Act of 2001 (relating to sunset of provisions
of such Act) shall not apply to title VII of such Act (relating to
alternative minimum tax).

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NONREFUNDABLE PERSONAL CREDITS.
(a) In General.--Paragraph (2) of section 26(a) is amended--
(1) by striking ``or 2009'' and inserting ``2009, 2010, or
2011'', and
(2) by striking ``2009'' in the heading thereof and inserting
``2011''.
(b)  Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2009.

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(a) In General.--Each provision of law amended by subtitle A or E
of title V of the Economic Growth and Tax Relief Reconciliation Act of
2001 is amended to read as such provision would read if such subtitle
had never been enacted.
(b) Conforming Amendment.--On and after January 1, 2011, paragraph
(1) of section 2505(a) of the Internal Revenue Code of 1986 is amended
to read as such paragraph would read if section 521(b)(2) of the
Economic Growth and Tax Relief Reconciliation Act of 2001 had never
been enacted.
(c) Special Election With Respect to Estates of Decedents Dying in
2010.--Notwithstanding subsection (a), in the case of an estate of a
decedent dying after December 31, 2009, and before January 1, 2011, the
executor (within the meaning of section 2203 of the Internal Revenue
Code of 1986) may elect to apply such Code as though the amendments
made by subsection (a) do not apply with respect to chapter 11 of such
Code and with respect to property acquired or passing from such
decedent (within the meaning of section 1014(b) of such Code).  Such
election shall be made at such time and in such manner as the Secretary
of the Treasury or the Secretary's delegate shall provide. Such an
election once made shall be revocable only with the consent of the
Secretary of the Treasury or the Secretary's delegate. For purposes of
section 2652(a)(1) of such Code, the determination of whether any
property is subject to the tax imposed by such chapter 11 shall be made
without regard to any election made under this subsection.
(d) Extension of Time for Performing Certain Acts.--
(1) Estate tax.--In the case of the estate of a decedent dying
after December 31, 2009, and before the date of the enactment of
this Act, the due date for--
(A) filing any return under section 6018 of the Internal
Revenue Code of 1986 (including any election required to be
made on such a return) as such section is in effect after the
date of the enactment of this Act without regard to any
election under subsection (c),
(B) making any payment of tax under chapter 11 of such
Code, and
(C) making any disclaimer described in section 2518(b) of
such Code of an interest in property passing by reason of the
death of such decedent,
shall not be earlier than the date which is 9 months after the date
of the enactment of this Act.
(2) Generation-skipping tax.--In the case of any generation-
skipping transfer made after December 31, 2009, and before the date
of the enactment of this Act, the due date for filing any return
under section 2662 of the Internal Revenue Code of 1986 (including
any election required to be made on such a return) shall not be
earlier than the date which is 9 months after the date of the
enactment of this Act.
(e) Effective Date.--Except as otherwise provided in this section,
the amendments made by this section shall apply to estates of decedents
dying, and transfers made, after December 31, 2009.

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TRANSFER TAXES.
(a) Modifications to Estate Tax.--
(1) $5,000,000 applicable exclusion amount.--Subsection (c) of
section 2010 is amended to read as follows:
``(c) Applicable Credit Amount.--
``(1) In general.--For purposes of this section, the applicable
credit amount is the amount of the tentative tax which would be
determined under section 2001(c) if the amount with respect to
which such tentative tax is to be computed were equal to the
applicable exclusion amount.
``(2) Applicable exclusion amount.--
``(A) In general.--For purposes of this subsection, the
applicable exclusion amount is $5,000,000.
``(B) Inflation adjustment.--In the case of any decedent
dying in a calendar year after 2011, the dollar amount in
subparagraph (A) shall be increased by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for such calendar year by substituting
`calendar year 2010' for `calendar year 1992' in
subparagraph (B) thereof.
If any amount as adjusted under the preceding sentence is not a
multiple of $10,000, such amount shall be rounded to the
nearest multiple of $10,000.''.
(2) Maximum estate tax rate equal to 35 percent.--Subsection
(c) of section 2001 is amended--
(A) by striking ``Over $500,000'' and all that follows in
the table contained in paragraph (1) and inserting the
following:
``Over $500,000..............................  $155,800, plus 35 percent of the excess of such amount over
$500,000.'',
(B) by striking ``(1) In general.--'', and
(C) by striking paragraph (2).
(b) Modifications to Gift Tax.--
(1) Restoration of unified credit against gift tax.--
(A) In general.--Paragraph (1) of section 2505(a), after
the application of section 301(b), is amended by striking
``(determined as if the applicable exclusion amount were
$1,000,000)''.
(B) Effective date.--The amendment made by this paragraph
shall apply to gifts made after December 31, 2010.
(2) Modification of gift tax rate.--On and after January 1,
2011, subsection (a) of section 2502 is amended to read as such
subsection would read if section 511(d) of the Economic Growth and
Tax Relief Reconciliation Act of 2001 had never been enacted.
(c) Modification of Generation-skipping Transfer Tax.--In the case
of any generation-skipping transfer made after December 31, 2009, and
before January 1, 2011, the applicable rate determined under section
2641(a) of the Internal Revenue Code of 1986 shall be zero.
(d) Modifications of Estate and Gift Taxes to Reflect Differences
in Credit Resulting From Different Tax Rates.--
(1) Estate tax.--
(A) In general.--Section 2001(b)(2) is amended by striking
``if the provisions of subsection (c) (as in effect at the
decedent's death)'' and inserting ``if the modifications
described in subsection (g)''.
(B) Modifications.--Section 2001 is amended by adding at
the end the following new subsection:
``(g) Modifications to Gift Tax Payable to Reflect Different Tax
Rates.--For purposes of applying subsection (b)(2) with respect to 1 or
more gifts, the rates of tax under subsection (c) in effect at the
decedent's death shall, in lieu of the rates of tax in effect at the
time of such gifts, be used both to compute--
``(1) the tax imposed by chapter 12 with respect to such gifts,
and
``(2) the credit allowed against such tax under section 2505,
including in computing--
``(A) the applicable credit amount under section
2505(a)(1), and
``(B) the sum of the amounts allowed as a credit for all
preceding periods under section 2505(a)(2).''.
(2) Gift tax.--Section 2505(a) is amended by adding at the end
the following new flush sentence:
``For purposes of applying paragraph (2) for any calendar year, the
rates of tax in effect under section 2502(a)(2) for such calendar year
shall, in lieu of the rates of tax in effect for preceding calendar
periods, be used in determining the amounts allowable as a credit under
this section for all preceding calendar periods.''.
(e) Conforming Amendment.--Section 2511 is amended by striking
subsection (c).
(f) Effective Date.--Except as otherwise provided in this
subsection, the amendments made by this section shall apply to estates
of decedents dying, generation-skipping transfers, and gifts made,
after December 31, 2009.

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AMOUNT OF DECEASED SPOUSE.
(a) In General.--Section 2010(c), as amended by section 302(a), is
amended by striking paragraph (2) and inserting the following new
paragraphs:
``(2) Applicable exclusion amount.--For purposes of this
subsection, the applicable exclusion amount is the sum of--
``(A) the basic exclusion amount, and
``(B) in the case of a surviving spouse, the deceased
spousal unused exclusion amount.
``(3) Basic exclusion amount.--
``(A) In general.--For purposes of this subsection, the
basic exclusion amount is $5,000,000.
``(B) Inflation adjustment.--In the case of any decedent
dying in a calendar year after 2011, the dollar amount in
subparagraph (A) shall be increased by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for such calendar year by substituting
`calendar year 2010' for `calendar year 1992' in
subparagraph (B) thereof.
If any amount as adjusted under the preceding sentence is not a
multiple of $10,000, such amount shall be rounded to the
nearest multiple of $10,000.
``(4) Deceased spousal unused exclusion amount.--For purposes
of this subsection, with respect to a surviving spouse of a
deceased spouse dying after December 31, 2010, the term `deceased
spousal unused exclusion amount' means the lesser of--
``(A) the basic exclusion amount, or
``(B) the excess of--
``(i) the basic exclusion amount of the last such
deceased spouse of such surviving spouse, over
``(ii) the amount with respect to which the tentative
tax is determined under section 2001(b)(1) on the estate of
such deceased spouse.
``(5) Special rules.--
``(A) Election required.--A deceased spousal unused
exclusion amount may not be taken into account by a surviving
spouse under paragraph (2) unless the executor of the estate of
the deceased spouse files an estate tax return on which such
amount is computed and makes an election on such return that
such amount may be so taken into account. Such election, once
made, shall be irrevocable. No election may be made under this
subparagraph if such return is filed after the time prescribed
by law (including extensions) for filing such return.
``(B) Examination of prior returns after expiration of
period of limitations with respect to deceased spousal unused
exclusion amount.--Notwithstanding any period of limitation in
section 6501, after the time has expired under section 6501
within which a tax may be assessed under chapter 11 or 12 with
respect to a deceased spousal unused exclusion amount, the
Secretary may examine a return of the deceased spouse to make
determinations with respect to such amount for purposes of
carrying out this subsection.
``(6) Regulations.--The Secretary shall prescribe such
regulations as may be necessary or appropriate to carry out this
subsection.''.
(b) Conforming Amendments.--
(1) Paragraph (1) of section 2505(a), as amended by section
302(b)(1), is amended to read as follows:
``(1) the applicable credit amount in effect under section
2010(c) which would apply if the donor died as of the end of the
calendar year, reduced by''.
(2) Section 2631(c) is amended by striking ``the applicable
exclusion amount'' and inserting ``the basic exclusion amount''.
(3) Section 6018(a)(1) is amended by striking ``applicable
exclusion amount'' and inserting ``basic exclusion amount''.
(c) Effective Dates.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to estates of decedents
dying and gifts made after December 31, 2010.
(2) Conforming amendment relating to generation-skipping
transfers.--The amendment made by subsection (b)(2) shall apply to
generation-skipping transfers after December 31, 2010.

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Section 901 of the Economic Growth and Tax Relief Reconciliation
Act of 2001 shall apply to the amendments made by this title.

790865969221754039d819c888267c941b0c97ec53427dcec332955a300a3638

EXPENSING FOR CERTAIN BUSINESS ASSETS.
(a) In General.--Paragraph (2) of section 168(k) is amended--
(1) by striking ``January 1, 2012'' in subparagraph (A)(iv) and
inserting ``January 1, 2014'', and
(2) by striking ``January 1, 2011'' each place it appears and
inserting ``January 1, 2013''.
(b) Temporary 100 Percent Expensing.--Subsection (k) of section 168
is amended by adding at the end the following new paragraph:
``(5) Special rule for property acquired during certain pre-
2012 periods.--In the case of qualified property acquired by the
taxpayer (under rules similar to the rules of clauses (ii) and
(iii) of paragraph (2)(A)) after September 8, 2010, and before
January 1, 2012, and which is placed in service by the taxpayer
before January 1, 2012 (January 1, 2013, in the case of property
described in subparagraph (2)(B) or (2)(C)), paragraph (1)(A) shall
be applied by substituting `100 percent' for `50 percent'.''.
(c) Extension of Election To Accelerate the AMT Credit in Lieu of
Bonus Depreciation.--
(1) Extension.--Clause (iii) of section 168(k)(4)(D) is amended
by striking ``or production'' and all that follows and inserting
``or production--
``(I) after March 31, 2008, and before January 1,
2010, and
``(II) after December 31, 2010, and before January
1, 2013,
shall be taken into account under subparagraph (B)(ii)
thereof,''.
(2) Rules for round 2 extension property.--Paragraph (4) of
section 168(k) is amended by adding at the end the following new
subparagraph:
``(I) Special rules for round 2 extension property.--
``(i) In general.--In the case of round 2 extension
property, this paragraph shall be applied without regard
to--
``(I) the limitation described in subparagraph
(B)(i) thereof, and
``(II) the business credit increase amount under
subparagraph (E)(iii) thereof.
``(ii) Taxpayers previously electing acceleration.--In
the case of a taxpayer who made the election under
subparagraph (A) for its first taxable year ending after
March 31, 2008, or a taxpayer who made the election under
subparagraph (H)(ii) for its first taxable year ending
after December 31, 2008--
``(I) the taxpayer may elect not to have this
paragraph apply to round 2 extension property, but
``(II) if the taxpayer does not make the election
under subclause (I), in applying this paragraph to the
taxpayer the bonus depreciation amount, maximum amount,
and maximum increase amount shall be computed and
applied to eligible qualified property which is round 2
extension property.
The amounts described in subclause (II) shall be computed
separately from any amounts computed with respect to
eligible qualified property which is not round 2 extension
property.
``(iii) Taxpayers not previously electing
acceleration.--In the case of a taxpayer who neither made
the election under subparagraph (A) for its first taxable
year ending after March 31, 2008, nor made the election
under subparagraph (H)(ii) for its first taxable year
ending after December 31, 2008--
``(I) the taxpayer may elect to have this paragraph
apply to its first taxable year ending after December
31, 2010, and each subsequent taxable year, and
``(II) if the taxpayer makes the election under
subclause (I), this paragraph shall only apply to
eligible qualified property which is round 2 extension
property.
``(iv) Round 2 extension property.--For purposes of
this subparagraph, the term `round 2 extension property'
means property which is eligible qualified property solely
by reason of the extension of the application of the
special allowance under paragraph (1) pursuant to the
amendments made by section 401(a) of the Tax Relief,
Unemployment Insurance Reauthorization, and Job Creation
Act of 2010 (and the application of such extension to this
paragraph pursuant to the amendment made by section
401(c)(1) of such Act).''.
(d) Conforming Amendments.--
(1) The heading for subsection (k) of section 168 is amended by
striking ``January 1, 2011'' and inserting ``January 1, 2013''.
(2) The heading for clause (ii) of section 168(k)(2)(B) is
amended by striking ``pre-january 1, 2011'' and inserting ``pre-
january 1, 2013''.
(3) Subparagraph (D) of section 168(k)(4) is amended--
(A) by striking clauses (iv) and (v),
(B) by inserting ``and'' at the end of clause (ii), and
(C) by striking the comma at the end of clause (iii) and
inserting a period.
(4) Paragraph (5) of section 168(l) is amended--
(A) by inserting ``and'' at the end of subparagraph (A),
(B) by striking subparagraph (B), and
(C) by redesignating subparagraph (C) as subparagraph (B).
(5) Subparagraph (C) of section 168(n)(2) is amended by
striking ``January 1, 2011'' and inserting ``January 1, 2013''.
(6) Subparagraph (D) of section 1400L(b)(2) is amended by
striking ``January 1, 2011'' and inserting ``January 1, 2013''.
(7) Subparagraph (B) of section 1400N(d)(3) is amended by
striking ``January 1, 2011'' and inserting ``January 1, 2013''.
(e) Effective Dates.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to property placed in
service after December 31, 2010, in taxable years ending after such
date.
(2) Temporary 100 percent expensing.--The amendment made by
subsection (b) shall apply to property placed in service after
September 8, 2010, in taxable years ending after such date.

8e70a28559d55728187be94f8cae3cfd39b24c88d7a66eb4cc83e478ccfce9e7

EXPENSING.
(a) Dollar Limitation.--Section 179(b)(1) is amended by striking
``and'' at the end of subparagraph (B) and by striking subparagraph (C)
and inserting the following new subparagraphs:
``(C) $125,000 in the case of taxable years beginning in
2012, and
``(D) $25,000 in the case of taxable years beginning after
2012.''.
(b) Reduction in Limitation.--Section 179(b)(2) is amended by
striking ``and'' at the end of subparagraph (B) and by striking
subparagraph (C) and inserting the following new subparagraphs:
``(C) $500,000 in the case of taxable years beginning in
2012, and
``(D) $200,000 in the case of taxable years beginning after
2012.''.
(c) Inflation Adjustment.--Subsection (b) of section 179 is amended
by adding at the end the following new paragraph:
``(6) Inflation adjustment.--
``(A) In general.--In the case of any taxable year
beginning in calendar year 2012, the $125,000 and $500,000
amounts in paragraphs (1)(C) and (2)(C) shall each be increased
by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable
year begins, by substituting `calendar year 2006' for
`calendar year 1992' in subparagraph (B) thereof.
``(B) Rounding.--
``(i) Dollar limitation.--If the amount in paragraph
(1) as increased under subparagraph (A) is not a multiple
of $1,000, such amount shall be rounded to the nearest
multiple of $1,000.
``(ii) Phaseout amount.--If the amount in paragraph (2)
as increased under subparagraph (A) is not a multiple of
$10,000, such amount shall be rounded to the nearest
multiple of $10,000.''.
(d) Computer Software.--Section 179(d)(1)(A)(ii) is amended by
striking ``2012'' and inserting ``2013''.
(e) Conforming Amendment.--Section 179(c)(2) is amended by striking
``2012'' and inserting ``2013''.
(f) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2011.
MATTERS

8f4ab05d90cf6b95676bf38ed927f7ac302e0f7c9cfb24d9aef938c6fe23db4a

(a) In General.--(1) Section 4007 of the Supplemental
Appropriations Act, 2008 (Public Law 110-252; 26 U.S.C. 3304 note) is
amended--
(A) by striking ``November 30, 2010'' each place it appears and
inserting ``January 3, 2012'';
(B) in the heading for subsection (b)(2), by striking
``november 30, 2010'' and inserting ``january 3, 2012''; and
(C) in subsection (b)(3), by striking ``April 30, 2011'' and
inserting ``June 9, 2012''.
(2) Section 2005 of the Assistance for Unemployed Workers and
Struggling Families Act, as contained in Public Law 111-5 (26 U.S.C.
3304 note; 123 Stat. 444), is amended--
(A) by striking ``December 1, 2010'' each place it appears and
inserting ``January 4, 2012''; and
(B) in subsection (c), by striking ``May 1, 2011'' and
inserting ``June 11, 2012''.
(3) Section 5 of the Unemployment Compensation Extension Act of
2008 (Public Law 110-449; 26 U.S.C. 3304 note) is amended by striking
``April 30, 2011'' and inserting ``June 10, 2012''.
(b) Funding.--Section 4004(e)(1) of the Supplemental Appropriations
Act, 2008 (Public Law 110-252; 26 U.S.C. 3304 note) is amended--
(1) in subparagraph (E), by striking ``and'' at the end; and
(2) by inserting after subparagraph (F) the following:
``(G) the amendments made by section 501(a)(1) of the Tax
Relief, Unemployment Insurance Reauthorization, and Job
Creation Act of 2010; and''.
(c) Effective Date.--The amendments made by this section shall take
effect as if included in the enactment of the Unemployment Compensation
Extension Act of 2010 (Public Law 111-205).

170174b31f937ad01b2b6374ff14bfea6826281f584248f71c2486c6979bd687

BENEFIT PROGRAM.
(a) Indicator.--Section 203(d) of the Federal-State Extended
Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note) is amended,
in the flush matter following paragraph (2), by inserting after the
first sentence the following sentence: ``Effective with respect to
compensation for weeks of unemployment beginning after the date of
enactment of the Tax Relief, Unemployment Insurance Reauthorization,
and Job Creation Act of 2010 (or, if later, the date established
pursuant to State law), and ending on or before December 31, 2011, the
State may by law provide that the determination of whether there has
been a state `on' or `off' indicator beginning or ending any extended
benefit period shall be made under this subsection as if the word `two'
were `three' in subparagraph (1)(A).''.
(b) Alternative Trigger.--Section 203(f) of the Federal-State
Extended Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note) is
amended--
(1) by redesignating paragraph (2) as paragraph (3); and
(2) by inserting after paragraph (1) the following new
paragraph:
``(2) Effective with respect to compensation for weeks of
unemployment beginning after the date of enactment of the Tax Relief,
Unemployment Insurance Reauthorization, and Job Creation Act of 2010
(or, if later, the date established pursuant to State law), and ending
on or before December 31, 2011, the State may by law provide that the
determination of whether there has been a state `on' or `off' indicator
beginning or ending any extended benefit period shall be made under
this subsection as if the word `either' were `any', the word `both'
were `all', and the figure `2' were `3' in clause (1)(A)(ii).''.

d77bcb3805c9f5a19ccb5c7cbb5709280dcb7b4355fbe0c744c7683edddb4692

UNEMPLOYMENT COMPENSATION DEBTS.
(a) In General.--Section 6402(f)(3)(C), as amended by section 801
of the Claims Resolution Act of 2010, is amended by striking ``is not a
covered unemployment compensation debt'' and inserting ``is a covered
unemployment compensation debt''.
(b) Effective Date.--The amendment made by subsection (a) shall
take effect as if included in section 801 of the Claims Resolution Act
of 2010.

e7f8c2798f27ad868d86b2ea10c40b844ca8cf062e74cd276a34188101f4cdd7

DUMPING AND SUBSIDY OFFSET.
(a) In General.--Section 822(2)(A) of the Claims Resolution Act of
2010 is amended by striking ``or'' and inserting ``and''.
(b) Effective Date.--The amendment made by subsection (a) shall
take effect as if included in the provisions of the Claims Resolution
Act of 2010.

00fbbd67b694f7db29632ca55f41d8b7989b828c78ef7006ed0f579e5e76a52c

RAILROAD UNEMPLOYMENT INSURANCE ACT.
(a) Extension.--Section 2(c)(2)(D)(iii) of the Railroad
Unemployment Insurance Act, as added by section 2006 of the American
Recovery and Reinvestment Act of 2009 (Public Law 111-5) and as amended
by section 9 of the Worker, Homeownership, and Business Assistance Act
of 2009 (Public Law 111-92), is amended--
(1) by striking ``June 30, 2010'' and inserting ``June 30,
2011''; and
(2) by striking ``December 31, 2010'' and inserting ``December
31, 2011''.
(b) Clarification on Authority To Use Funds.--Funds appropriated
under either the first or second sentence of clause (iv) of section
2(c)(2)(D) of the Railroad Unemployment Insurance Act shall be
available to cover the cost of additional extended unemployment
benefits provided under such section 2(c)(2)(D) by reason of the
amendments made by subsection (a) as well as to cover the cost of such
benefits provided under such section 2(c)(2)(D), as in effect on the
day before the date of the enactment of this Act.

065f7f3b1d405d0219b8bafc1f52b27ef02207dd5e0cb0197a396ae7b18b34a6

(a) In General.--Notwithstanding any other provision of law--
(1) with respect to any taxable year which begins in the
payroll tax holiday period, the rate of tax under section 1401(a)
of the Internal Revenue Code of 1986 shall be 10.40 percent, and
(2) with respect to remuneration received during the payroll
tax holiday period, the rate of tax under 3101(a) of such Code
shall be 4.2 percent (including for purposes of determining the
applicable percentage under sections 3201(a) and 3211(a)(1) of such
Code).
(b) Coordination With Deductions for Employment Taxes.--
(1) Deduction in computing net earnings from self-employment.--
For purposes of applying section 1402(a)(12) of the Internal
Revenue Code of 1986, the rate of tax imposed by subsection 1401(a)
of such Code shall be determined without regard to the reduction in
such rate under this section.
(2) Individual deduction.--In the case of the taxes imposed by
section 1401 of such Code for any taxable year which begins in the
payroll tax holiday period, the deduction under section 164(f) with
respect to such taxes shall be equal to the sum of--
(A) 59.6 percent of the portion of such taxes attributable
to the tax imposed by section 1401(a) (determined after the
application of this section), plus
(B) one-half of the portion of such taxes attributable to
the tax imposed by section 1401(b).
(c) Payroll Tax Holiday Period.--The term ``payroll tax holiday
period'' means calendar year 2011.
(d) Employer Notification.--The Secretary of the Treasury shall
notify employers of the payroll tax holiday period in any manner the
Secretary deems appropriate.
(e) Transfers of Funds.--
(1) Transfers to federal old-age and survivors insurance trust
fund.--There are hereby appropriated to the Federal Old-Age and
Survivors Trust Fund and the Federal Disability Insurance Trust
Fund established under section 201 of the Social Security Act (42
U.S.C. 401) amounts equal to the reduction in revenues to the
Treasury by reason of the application of subsection (a). Amounts
appropriated by the preceding sentence shall be transferred from
the general fund at such times and in such manner as to replicate
to the extent possible the transfers which would have occurred to
such Trust Fund had such amendments not been enacted.
(2) Transfers to social security equivalent benefit account.--
There are hereby appropriated to the Social Security Equivalent
Benefit Account established under section 15A(a) of the Railroad
Retirement Act of 1974 (45 U.S.C. 231n-1(a)) amounts equal to the
reduction in revenues to the Treasury by reason of the application
of subsection (a)(2). Amounts appropriated by the preceding
sentence shall be transferred from the general fund at such times
and in such manner as to replicate to the extent possible the
transfers which would have occurred to such Account had such
amendments not been enacted.
(3) Coordination with other federal laws.--For purposes of
applying any provision of Federal law other than the provisions of
the Internal Revenue Code of 1986, the rate of tax in effect under
section 3101(a) of such Code shall be determined without regard to
the reduction in such rate under this section.
Subtitle A--Energy

430c7dcab1ae3fae16e330064ad66ecd50a6554147dff9f640765507017c9f8a

(a) Credits for Biodiesel and Renewable Diesel Used as Fuel.--
Subsection (g) of section 40A is amended by striking ``December 31,
2009'' and inserting ``December 31, 2011''.
(b) Excise Tax Credits and Outlay Payments for Biodiesel and
Renewable Diesel Fuel Mixtures.--
(1) Paragraph (6) of section 6426(c) is amended by striking
``December 31, 2009'' and inserting ``December 31, 2011''.
(2) Subparagraph (B) of section 6427(e)(6) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(c) Special Rule for 2010.--Notwithstanding any other provision of
law, in the case of any biodiesel mixture credit properly determined
under section 6426(c) of the Internal Revenue Code of 1986 for periods
during 2010, such credit shall be allowed, and any refund or payment
attributable to such credit (including any payment under section
6427(e) of such Code) shall be made, only in such manner as the
Secretary of the Treasury (or the Secretary's delegate) shall provide.
Such Secretary shall issue guidance within 30 days after the date of
the enactment of this Act providing for a one-time submission of claims
covering periods during 2010. Such guidance shall provide for a 180-day
period for the submission of such claims (in such manner as prescribed
by such Secretary) to begin not later than 30 days after such guidance
is issued. Such claims shall be paid by such Secretary not later than
60 days after receipt. If such Secretary has not paid pursuant to a
claim filed under this subsection within 60 days after the date of the
filing of such claim, the claim shall be paid with interest from such
date determined by using the overpayment rate and method under section
6621 of such Code.
(d) Effective Date.--The amendments made by this section shall
apply to fuel sold or used after December 31, 2009.

262c1ff2ed8914f85d8fea11918dc6f9b53d229a3e274de01d2b2b787e0d152b

(a) In General.--Subparagraph (B) of section 45(d)(8) is amended by
striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to facilities placed in service after December 31, 2009.

770b38c684de257e4ba19e5a42a17f051199bb68f86adc098a9be04cb72f4a96

(a) In General.--Subsection (g) of section 45L is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to homes acquired after December 31, 2009.

0d37399a080fb8e68eb9a5d4cb605f1d1430d07a899b07aa3a9b4140bb2f832c

FUEL AND ALTERNATIVE FUEL MIXTURES.
(a) In General.--Sections 6426(d)(5), 6426(e)(3), and 6427(e)(6)(C)
are each amended by striking ``December 31, 2009'' and inserting
``December 31, 2011''.
(b) Exclusion of Black Liquor From Credit Eligibility.--The last
sentence of section 6426(d)(2) is amended by striking ``or biodiesel''
and inserting ``biodiesel, or any fuel (including lignin, wood
residues, or spent pulping liquors) derived from the production of
paper or pulp''.
(c) Special Rule for 2010.--Notwithstanding any other provision of
law, in the case of any alternative fuel credit or any alternative fuel
mixture credit properly determined under subsection (d) or (e) of
section 6426 of the Internal Revenue Code of 1986 for periods during
2010, such credit shall be allowed, and any refund or payment
attributable to such credit (including any payment under section
6427(e) of such Code) shall be made, only in such manner as the
Secretary of the Treasury (or the Secretary's delegate) shall provide.
Such Secretary shall issue guidance within 30 days after the date of
the enactment of this Act providing for a one-time submission of claims
covering periods during 2010. Such guidance shall provide for a 180-day
period for the submission of such claims (in such manner as prescribed
by such Secretary) to begin not later than 30 days after such guidance
is issued. Such claims shall be paid by such Secretary not later than
60 days after receipt. If such Secretary has not paid pursuant to a
claim filed under this subsection within 60 days after the date of the
filing of such claim, the claim shall be paid with interest from such
date determined by using the overpayment rate and method under section
6621 of such Code.
(d) Effective Date.--The amendments made by this section shall
apply to fuel sold or used after December 31, 2009.

5b0a088ce245fd4f9f256d798ddb9338a4d6699243db82901353c3172388cbae

OR STATE ELECTRIC RESTRUCTURING POLICY FOR QUALIFIED ELECTRIC
UTILITIES.
(a) In General.--Paragraph (3) of section 451(i) is amended by
striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to dispositions after December 31, 2009.

68938d4938d8f4e9c281a510bad450516474061c377b25de2ae5f50d2e314a13

AND GAS FROM MARGINAL WELLS.
(a) In General.--Clause (ii) of section 613A(c)(6)(H) is amended by
striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2009.

17b217bcfdf32f7fb674cb82a50a6bb3064244c30c1837c8fdc6f6d73908a71c

OF TAX CREDITS.
(a) In General.--Subsection (a) of section 1603 of division B of
the American Recovery and Reinvestment Act of 2009 is amended--
(1) in paragraph (1), by striking ``2009 or 2010'' and
inserting ``2009, 2010, or 2011'', and
(2) in paragraph (2)--
(A) by striking ``after 2010'' and inserting ``after
2011'', and
(B) by striking ``2009 or 2010'' and inserting ``2009,
2010, or 2011''.
(b) Conforming Amendment.--Subsection (j) of section 1603 of
division B of such Act is amended by striking ``2011'' and inserting
``2012''.

cfbd307b57ad8e4a62779d54f5a6e3549ecebacd407b9bf9227feb4f30eb3241

(a) Extension of Income Tax Credit for Alcohol Used as Fuel.--
(1) In general.--Paragraph (1) of section 40(e) is amended--
(A) by striking ``December 31, 2010'' in subparagraph (A)
and inserting ``December 31, 2011'', and
(B) by striking ``January 1, 2011'' in subparagraph (B) and
inserting ``January 1, 2012''.
(2) Reduced amount for ethanol blenders.--Subsection (h) of
section 40 is amended by striking ``2010'' both places it appears
and inserting ``2011''.
(3) Effective date.--The amendments made by this subsection
shall apply to periods after December 31, 2010.
(b) Extension of Excise Tax Credit for Alcohol Used as Fuel.--
(1) In general.--Paragraph (6) of section 6426(b) is amended by
striking ``December 31, 2010'' and inserting ``December 31, 2011''.
(2) Effective date.--The amendment made by this subsection
shall apply to periods after December 31, 2010.
(c) Extension of Payment for Alcohol Fuel Mixture.--
(1) In general.--Subparagraph (A) of section 6427(e)(6) is
amended by striking ``December 31, 2010'' and inserting ``December
31, 2011''.
(2) Effective date.--The amendment made by this subsection
shall apply to sales and uses after December 31, 2010.
(d) Extension of Additional Duties on Ethanol.--
(1) In general.--Headings 9901.00.50 and 9901.00.52 of the
Harmonized Tariff Schedule of the United States are each amended in
the effective period column by striking ``1/1/2011'' and inserting
``1/1/2012''.
(2) Effective date.--The amendments made by this subsection
shall take effect on January 1, 2011.

9fcdc932389e1e2e74bc27a19ce5d06dd2fa2e3f6f09610d54a0cdbdb21383f7

(a) Dishwashers.--Paragraph (1) of section 45M(b) is amended by
striking ``and'' at the end of subparagraph (A), by striking the period
at the end of subparagraph (B) and inserting a comma, and by adding at
the end the following new subparagraphs:
``(C) $25 in the case of a dishwasher which is manufactured
in calendar year 2011 and which uses no more than 307 kilowatt
hours per year and 5.0 gallons per cycle (5.5 gallons per cycle
for dishwashers designed for greater than 12 place settings),
``(D) $50 in the case of a dishwasher which is manufactured
in calendar year 2011 and which uses no more than 295 kilowatt
hours per year and 4.25 gallons per cycle (4.75 gallons per
cycle for dishwashers designed for greater than 12 place
settings), and
``(E) $75 in the case of a dishwasher which is manufactured
in calendar year 2011 and which uses no more than 280 kilowatt
hours per year and 4 gallons per cycle (4.5 gallons per cycle
for dishwashers designed for greater than 12 place
settings).''.
(b) Clothes Washers.--Paragraph (2) of section 45M(b) is amended by
striking ``and'' at the end of subparagraph (C), by striking the period
at the end of subparagraph (D) and inserting a comma, and by adding at
the end the following new subparagraphs:
``(E) $175 in the case of a top-loading clothes washer
manufactured in calendar year 2011 which meets or exceeds a 2.2
modified energy factor and does not exceed a 4.5 water
consumption factor, and
``(F) $225 in the case of a clothes washer manufactured in
calendar year 2011--
``(i) which is a top-loading clothes washer and which
meets or exceeds a 2.4 modified energy factor and does not
exceed a 4.2 water consumption factor, or
``(ii) which is a front-loading clothes washer and
which meets or exceeds a 2.8 modified energy factor and
does not exceed a 3.5 water consumption factor.''.
(c) Refrigerators.--Paragraph (3) of section 45M(b) is amended by
striking ``and'' at the end of subparagraph (C), by striking the period
at the end of subparagraph (D) and inserting a comma, and by adding at
the end the following new subparagraphs:
``(E) $150 in the case of a refrigerator manufactured in
calendar year 2011 which consumes at least 30 percent less
energy than the 2001 energy conservation standards, and
``(F) $200 in the case of a refrigerator manufactured in
calendar year 2011 which consumes at least 35 percent less
energy than the 2001 energy conservation standards.''.
(d) Rebasing of Limitations.--
(1) In general.--Paragraph (1) of section 45M(e) is amended--
(A) by striking ``$75,000,000'' and inserting
``$25,000,000'', and
(B) by striking ``December 31, 2007'' and inserting
``December 31, 2010''.
(2) Exception for certain refrigerators and clothes washers.--
Paragraph (2) of section 45M(e) is amended--
(A) by striking ``subsection (b)(3)(D)'' and inserting
``subsection (b)(3)(F)'', and
(B) by striking ``subsection (b)(2)(D)'' and inserting
``subsection (b)(2)(F)''.
(3) Gross receipts limitation.--Paragraph (3) of section 45M(e)
is amended by striking ``2 percent'' and inserting ``4 percent''.
(e) Effective Dates.--
(1) In general.--The amendments made by subsections (a), (b),
and (c) shall apply to appliances produced after December 31, 2010.
(2) Limitations.--The amendments made by subsection (d) shall
apply to taxable years beginning after December 31, 2010.

e9f9264a157b59021dcab3c53f8b0e3cf72e190c6ea168f3211aa4f8058fe8db

(a) Extension.--Section 25C(g)(2) is amended by striking ``2010''
and inserting ``2011''.
(b) Return to Pre-ARRA Limitations and Standards.--
(1) In general.--Subsections (a) and (b) of section 25C are
amended to read as follows:
``(a) Allowance of Credit.--In the case of an individual, there
shall be allowed as a credit against the tax imposed by this chapter
for the taxable year an amount equal to the sum of--
``(1) 10 percent of the amount paid or incurred by the taxpayer
for qualified energy efficiency improvements installed during such
taxable year, and
``(2) the amount of the residential energy property
expenditures paid or incurred by the taxpayer during such taxable
year.
``(b) Limitations.--
``(1) Lifetime limitation.--The credit allowed under this
section with respect to any taxpayer for any taxable year shall not
exceed the excess (if any) of $500 over the aggregate credits
allowed under this section with respect to such taxpayer for all
prior taxable years ending after December 31, 2005.
``(2) Windows.--In the case of amounts paid or incurred for
components described in subsection (c)(2)(B) by any taxpayer for
any taxable year, the credit allowed under this section with
respect to such amounts for such year shall not exceed the excess
(if any) of $200 over the aggregate credits allowed under this
section with respect to such amounts for all prior taxable years
ending after December 31, 2005.
``(3) Limitation on residential energy property expenditures.--
The amount of the credit allowed under this section by reason of
subsection (a)(2) shall not exceed--
``(A) $50 for any advanced main air circulating fan,
``(B) $150 for any qualified natural gas, propane, or oil
furnace or hot water boiler, and
``(C) $300 for any item of energy-efficient building
property.''.
(2) Modification of standards.--
(A) In general.--Paragraph (1) of section 25C(c) is amended
by striking ``2000'' and all that follows through ``this
section'' and inserting ``2009 International Energy
Conservation Code, as such Code (including supplements) is in
effect on the date of the enactment of the American Recovery
and Reinvestment Tax Act of 2009''.
(B) Wood stoves.--Subparagraph (E) of section 25C(d)(3) is
amended by striking ``, as measured using a lower heating
value''.
(C)  Oil furnaces and hot water boilers.--
(i) In general.--Paragraph (4) of section 25C(d) is
amended to read as follows:
``(4) Qualified natural gas, propane, or oil furnace or hot
water boiler.--The term `qualified natural gas, propane, or oil
furnace or hot water boiler' means a natural gas, propane, or oil
furnace or hot water boiler which achieves an annual fuel
utilization efficiency rate of not less than 95.''.
(ii) Conforming amendment.--Clause (ii) of section
25C(d)(2)(A) is amended to read as follows:
``(ii) a qualified natural gas, propane, or oil furnace
or hot water boiler, or''.
(D) Exterior windows, doors, and skylights.--
(i) In general.--Subsection (c) of section 25C is
amended by striking paragraph (4).
(ii) Application of energy star standards.--Paragraph
(1) of section 25C(c) is amended by inserting ``an exterior
window, a skylight, an exterior door,'' after ``in the case
of'' in the matter preceding subparagraph (A).
(E) Insulation.--Subparagraph (A) of section 25C(c)(2) is
amended by striking ``and meets the prescriptive criteria for
such material or system established by the 2009 International
Energy Conservation Code, as such Code (including supplements)
is in effect on the date of the enactment of the American
Recovery and Reinvestment Tax Act of 2009''.
(3) Subsidized energy financing.--Subsection (e) of section 25C
is amended by adding at the end the following new paragraph:
``(3) Property financed by subsidized energy financing.--For
purposes of determining the amount of expenditures made by any
individual with respect to any property, there shall not be taken
into account expenditures which are made from subsidized energy
financing (as defined in section 48(a)(4)(C)).''.
(c) Effective Date.--The amendments made by this section shall
apply to property placed in service after December 31, 2010.

aa7c6a64f797f5310671ea3eecf6a996960d878a8bb719ddf5a27854adbf4310

(a) Extension of Credit.--Paragraph (2) of section 30C(g) is
amended by striking ``December 31, 2010'' and inserting ``December 31,
2011.''.
(b) Effective Date.--The amendment made by this section shall apply
to property placed in service after December 31, 2010.
Subtitle B--Individual Tax Relief

059d81f26dbe3bb79290a6fc992702e6ff2b3b1bfd77a30ec243265b05ccbc3e

SECONDARY SCHOOL TEACHERS.
(a) In General.--Subparagraph (D) of section 62(a)(2) is amended by
striking ``or 2009'' and inserting ``2009, 2010, or 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2009.

0e0acd63342d229c5dfa60ca00aa7785c139b7f46cb3cc7e464cb7f693c51d38

(a) In General.--Subparagraph (I) of section 164(b)(5) is amended
by striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2009.

11c779a93f9842208a2e780954185755d2d500437575876f06120a4971b14897

CONSERVATION PURPOSES.
(a) In General.--Clause (vi) of section 170(b)(1)(E) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Contributions by Certain Corporate Farmers and Ranchers.--
Clause (iii) of section 170(b)(2)(B) is amended by striking ``December
31, 2009'' and inserting ``December 31, 2011''.
(c) Effective Date.--The amendments made by this section shall
apply to contributions made in taxable years beginning after December
31, 2009.

9219537209ea47fafdddd51b984c57e7e4404948930fb6396fc2d6b622176884

RELATED EXPENSES.
(a) In General.--Subsection (e) of section 222 is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2009.

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FOR CHARITABLE PURPOSES.
(a) In General.--Subparagraph (F) of section 408(d)(8) is amended
by striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date; Special Rule.--
(1) Effective date.--The amendment made by this section shall
apply to distributions made in taxable years beginning after
December 31, 2009.
(2) Special rule.--For purposes of subsections (a)(6), (b)(3),
and (d)(8) of section 408 of the Internal Revenue Code of 1986, at
the election of the taxpayer (at such time and in such manner as
prescribed by the Secretary of the Treasury) any qualified
charitable distribution made after December 31, 2010, and before
February 1, 2011, shall be deemed to have been made on December 31,
2010.

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IN DETERMINING GROSS ESTATE OF NONRESIDENTS.
(a) In General.--Paragraph (3) of section 2105(d) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to estates of decedents dying after December 31, 2009.

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MASS TRANSIT AND PARKING BENEFITS.
(a) In General.--Paragraph (2) of section 132(f) is amended by
striking ``January 1, 2011'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to months after December 31, 2010.

7b6593a9ff756925a45e73c824d9ac9bf55bc812c0c936036141ad3ba7f32f51

PROGRAMS AND FEDERALLY ASSISTED PROGRAMS.
(a) In General.--Subchapter A of chapter 65 is amended by adding at
the end the following new section:
``SEC. 6409. REFUNDS DISREGARDED IN THE ADMINISTRATION OF FEDERAL
PROGRAMS AND FEDERALLY ASSISTED PROGRAMS.
``(a) In General.--Notwithstanding any other provision of law, any
refund (or advance payment with respect to a refundable credit) made to
any individual under this title shall not be taken into account as
income, and shall not be taken into account as resources for a period
of 12 months from receipt, for purposes of determining the eligibility
of such individual (or any other individual) for benefits or assistance
(or the amount or extent of benefits or assistance) under any Federal
program or under any State or local program financed in whole or in
part with Federal funds.
``(b) Termination.--Subsection (a) shall not apply to any amount
received after December 31, 2012.''.
(b) Clerical Amendment.--The table of sections for such subchapter
is amended by adding at the end the following new item:
``Sec. 6409. Refunds disregarded in the administration of Federal
programs and federally assisted programs.''.
(c) Effective Date.--The amendments made by this section shall
apply to amounts received after December 31, 2009.
Subtitle C--Business Tax Relief

486236cc67ada0cd58ecdb440fbfad25d243ccb5d3493108d9b96648e910f5d4

(a) In General.--Subparagraph (B) of section 41(h)(1) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Conforming Amendment.--Subparagraph (D) of section 45C(b)(1) is
amended by striking ``December 31, 2009'' and inserting ``December 31,
2011''.
(c) Effective Date.--The amendments made by this section shall
apply to amounts paid or incurred after December 31, 2009.

230b48f479f9ed2ef15d9f824fb716402451aa73b2492c758e0f73fe1ec542d5

(a) In General.--Subsection (f) of section 45A is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2009.

dc7ad2d1efcc6600cf6b594a2405ce9d22ca683814aa2f42574579435c3db352

(a) In General.--Paragraph (1) of section 45D(f) is amended--
(1) by striking ``and'' at the end of subparagraph (E),
(2) by striking the period at the end of subparagraph (F), and
(3) by adding at the end the following new subparagraph:
``(G) $3,500,000,000 for 2010 and 2011.''.
(b) Conforming Amendment.--Paragraph (3) of section 45D(f) is
amended by striking ``2014'' and inserting ``2016''.
(c) Effective Date.--The amendments made by this section shall
apply to calendar years beginning after 2009.

d865ad7f75f9e44e639bddb453a28b38aab7c0b8c504a3d9ea622f56ab5ebd36

(a) In General.--Subsection (f) of section 45G is amended by
striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to expenditures paid or incurred in taxable years beginning after
December 31, 2009.

5ee9944164378c78cb623c56d2c67db8eb832212963257d489277e4bc3c544c8

(a) In General.--Subsection (e) of section 45N is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2009.

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MEMBERS OF THE UNIFORMED SERVICES.
(a) In General.--Subsection (f) of section 45P is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to payments made after December 31, 2009.

5a7bb7d47f81e9e6a1dfb586505dc84779d8ea84091556b4cfaa87b1647f3dd6

LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT BUILDINGS AND
IMPROVEMENTS, AND QUALIFIED RETAIL IMPROVEMENTS.
(a) In General.--Clauses (iv), (v), and (ix) of section
168(e)(3)(E) are each amended by striking ``January 1, 2010'' and
inserting ``January 1, 2012''.
(b) Conforming Amendments.--
(1) Clause (i) of section 168(e)(7)(A) is amended by striking
``if such building is placed in service after December 31, 2008,
and before January 1, 2010,''.
(2) Paragraph (8) of section 168(e) is amended by striking
subparagraph (E).
(3) Section 179(f)(2) is amended--
(A) by striking ``(without regard to the dates specified in
subparagraph (A)(i) thereof)'' in subparagraph (B), and
(B) by striking ``(without regard to subparagraph (E)
thereof)'' in subparagraph (C).
(c) Effective Date.--The amendments made by this section shall
apply to property placed in service after December 31, 2009.

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COMPLEXES.
(a) In General.--Subparagraph (D) of section 168(i)(15) is amended
by striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to property placed in service after December 31, 2009.

0e71d68bf6504e28e9367c9d6554020eb9c10077a9b77f3d1d95c605d6533cd6

INDIAN RESERVATION.
(a) In General.--Paragraph (8) of section 168(j) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to property placed in service after December 31, 2009.

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INVENTORY.
(a) In General.--Clause (iv) of section 170(e)(3)(C) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to contributions made after December 31, 2009.

9ceda88b9dddb993e2df6fccefdcd42ff4883e36532d834df01952984de6e1ff

INVENTORIES TO PUBLIC SCHOOLS.
(a) In General.--Clause (iv) of section 170(e)(3)(D) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to contributions made after December 31, 2009.

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OF COMPUTER INVENTORY FOR EDUCATIONAL PURPOSES.
(a) In General.--Subparagraph (G) of section 170(e)(6) is amended
by striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to contributions made in taxable years beginning after December 31,
2009.

208224f1adc314b6fdfeeb3b22c04c87b63902d46c34363ba07f19ffce1d5d7f

(a) In General.--Subsection (g) of section 179E is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to property placed in service after December 31, 2009.

5a5cfb780b96011ebd3068158f749194ae5e293943c95cd6e7e21964e99fe375

PRODUCTIONS.
(a) In General.--Subsection (f) of section 181 is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to productions commencing after December 31, 2009.

681f24d8cdd789556df5d8085f27ab358380848953c22a747c2dc36053f38893

(a) In General.--Subsection (h) of section 198 is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to expenditures paid or incurred after December 31, 2009.

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TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO.
(a) In General.--Subparagraph (C) of section 199(d)(8) is amended--
(1) by striking ``first 4 taxable years'' and inserting ``first
6 taxable years''; and
(2) by striking ``January 1, 2010'' and inserting ``January 1,
2012''.
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2009.

8244c6c8ed2b1b9b5e9e74fc7bfdf4595f7b61e82190ce7cda0739ff03ed7762

CONTROLLING EXEMPT ORGANIZATIONS.
(a) In General.--Clause (iv) of section 512(b)(13)(E) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to payments received or accrued after December 31, 2009.

39240bafec6c8b9464de4b764a11f92eedaa0b52df9ff70af4e9d463e5ec0246

COMPANIES.
(a) In General.--Paragraphs (1)(C) and (2)(C) of section 871(k) are
each amended by striking ``December 31, 2009'' and inserting ``December
31, 2011''.
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2009.

81f83511dacf360be244e3c1719cfa7e9b4f88063ff2bc28719841dfe3697ec5

(a) In General.--Clause (ii) of section 897(h)(4)(A) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--
(1) In general.--The amendment made by subsection (a) shall
take effect on January 1, 2010. Notwithstanding the preceding
sentence, such amendment shall not apply with respect to the
withholding requirement under section 1445 of the Internal Revenue
Code of 1986 for any payment made before the date of the enactment
of this Act.
(2) Amounts withheld on or before date of enactment.--In the
case of a regulated investment company--
(A) which makes a distribution after December 31, 2009, and
before the date of the enactment of this Act; and
(B) which would (but for the second sentence of paragraph
(1)) have been required to withhold with respect to such
distribution under section 1445 of such Code,
such investment company shall not be liable to any person to whom
such distribution was made for any amount so withheld and paid over
to the Secretary of the Treasury.

433fddf29ccf03c1e7842bdbefefb66675ee5a896d488ad8a0cc5d2cafb5fd5b

(a) In General.--Sections 953(e)(10) and 954(h)(9) are each amended
by striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Conforming Amendment.--Section 953(e)(10) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years of foreign corporations beginning after December
31, 2009, and to taxable years of United States shareholders with or
within which any such taxable year of such foreign corporation ends.

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CONTROLLED FOREIGN CORPORATIONS UNDER FOREIGN PERSONAL HOLDING
COMPANY RULES.
(a) In General.--Subparagraph (C) of section 954(c)(6) is amended
by striking ``January 1, 2010'' and inserting ``January 1, 2012''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years of foreign corporations beginning after December 31,
2009, and to taxable years of United States shareholders with or within
which any such taxable year of such foreign corporation ends.

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CONTRIBUTIONS OF PROPERTY.
(a) In General.--Paragraph (2) of section 1367(a) is amended by
striking ``December 31, 2009'' and inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to contributions made in taxable years beginning after December 31,
2009.

ad1490c8068cd2808e38d3c728939a593325e84485d548fd61aee8662acceea3

(a) In General.--Section 1391 is amended--
(1) by striking ``December 31, 2009'' in subsection
(d)(1)(A)(i) and inserting ``December 31, 2011''; and
(2) by striking the last sentence of subsection (h)(2).
(b) Increased Exclusion of Gain on Stock of Empowerment Zone
Businesses.--Subparagraph (C) of section 1202(a)(2) is amended--
(1) by striking ``December 31, 2014'' and inserting ``December
31, 2016''; and
(2) by striking ``2014'' in the heading and inserting ``2016''.
(c) Treatment of Certain Termination Dates Specified in
Nominations.--In the case of a designation of an empowerment zone the
nomination for which included a termination date which is
contemporaneous with the date specified in subparagraph (A)(i) of
section 1391(d)(1) of the Internal Revenue Code of 1986 (as in effect
before the enactment of this Act), subparagraph (B) of such section
shall not apply with respect to such designation if, after the date of
the enactment of this section, the entity which made such nomination
amends the nomination to provide for a new termination date in such
manner as the Secretary of the Treasury (or the Secretary's designee)
may provide.
(d) Effective Date.--The amendments made by this section shall
apply to periods after December 31, 2009.

4abf09ffdc8b906e9268518609a2a23e515f2bda539ce867677ed5376296d79b

Airport and Airway Extension Act of 2010, Part III — HR. 4853

Other Sections