Page:United States Statutes at Large Volume 100 Part 3.djvu/372

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PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 2180 ,

PUBLIC LAW 99-514—OCT. 22, 1986 i

(H) Section 6411 (relating to tentative carryback and refund adjustments) is amended— (i) by striking out "by a research credit carryback provided in section 30(g)(2)" in subsection (a), (ii) by striking out "a research credit carryback or" in subsection (a), (iii) by striking out "(or, with respect to any portion of a business credit carryback attributable to a research credit carryback from a subsequent taxable year within a period of 12 months from the end of such subsequent taxable year)" in subsection (a), and (iv) by striking out "unused research credit," each place it appears in subsections (a) and (b). (I) Subparagraph (C) of section 6511(d)(6) (defining credit carryback) is amended by striking out "and any research credit carryback under section 30(g)(2)". (J) The table of sections for subpart B of part IV of subchapter A of chapter 1 is amended by striking out the item relating to section 30. (K) The table of sections for subpart D of such part is amended by inserting after the item relating to section 40 the following new item:

"Sec. 41. Credit for increasing research activities." (e) DENIAL OF CREDIT WITH RESPECT TO AMOUNTS FOR CERTAIN LEASED PERSONAL PROPERTY.—Clause (iii) of section 4103X2XA)

(defining in-house research expenses), as redesignated by subsection (d), is amended to read as follows: "(iii) under regulations prescribed by the Secretary, any amount paid or incurred to another person for the right to use computers in the conduct of qualified research." (f) DEDUCTION FOR CERTAIN CONTRIBUTIONS OF SCIENTIFIC RESEARCH PROPERTY.—Clause (i) of section 170(e)(4)(B) (relating to spe-

cial rule for contributions of scientific property used for research) is amended to read as follows: "(i) the contribution is to an organization described in subparagraph (A) or subparagraph (B) of section 41(e)(6),". (g) EFFECTIVE DATE.—

(1) IN GENERAL.—Except as provided in this subsection (2), the amendments made by this section shall apply to taxable years beginning after December 31, 1985. (2) SUBSECTION (a).—The amendments made by subsection (a) shall apply to taxable years ending after December 31, 1985. (3) BASIC RESEARCH.—Section 41(a)(2) of the Internal Revenue

Code of 1986 (as added by this section), and the amendments made by subsection (c)(2), shall apply to taxable years beginning after December 31, 1986. SEC. 232. EXTENSION OF CREDIT FOR CLINICAL TESTING EXPENSES FOR CERTAIN DRUGS.

Subsection (e) of section 28 (relating to termination) is amended by striking out "1987" and inserting in lieu thereof "1990".