118 STAT. 1180 PUBLIC LAW 108–311—OCT. 4, 2004 (b) EXTENSION OF ADVANCE REFUNDINGS.—Section 1400L(e)(1) is amended by striking ‘‘2005’’ and inserting ‘‘2006’’. (c) CLARIFICATION OF BONDS ELIGIBLE FOR ADVANCE REFUNDING.—Section 1400L(e)(2)(B) (relating to bonds described) is amended by striking ‘‘, or’’ and inserting ‘‘or the Municipal Assistance Corporation, or’’. (d) EFFECTIVE DATE.—The amendment made by subsection (c) shall take effect as if included in the amendments made by section 301 of the Job Creation and Worker Assistance Act of 2002. SEC. 310. TAX INCENTIVES FOR INVESTMENT IN THE DISTRICT OF COLUMBIA. (a) DESIGNATION OF ZONE.—Subsection (f) of section 1400 is amended by striking ‘‘December 31, 2003’’ both places it appears and inserting ‘‘December 31, 2005’’. (b) TAX EXEMPT ECONOMIC DEVELOPMENT BONDS.—Subsection (b) of section 1400A is amended by striking ‘‘December 31, 2003’’ and inserting ‘‘December 31, 2005’’. (c) ZERO PERCENT CAPITAL GAINS RATE.— (1) IN GENERAL.—Subsection (b) of section 1400B is amended by striking ‘‘January 1, 2004’’ each place it appears and inserting ‘‘January 1, 2006’’. (2) CONFORMING AMENDMENTS.— (A) Section 1400B(e)(2) is amended— (i) by striking ‘‘December 31, 2008’’ and inserting ‘‘December 31, 2010’’, and (ii) by striking ‘‘2008’’ in the heading and inserting ‘‘2010’’. (B) Section 1400B(g)(2) is amended by striking ‘‘December 31, 2008’’ and inserting ‘‘December 31, 2010’’. (C) Section 1400F(d) is amended by striking ‘‘December 31, 2008’’ and inserting ‘‘December 31, 2010’’. (d) FIRST TIME HOMEBUYER CREDIT.—Subsection (i) of section 1400C is amended by striking ‘‘January 1, 2004’’ and inserting ‘‘January 1, 2006’’. (e) EFFECTIVE DATES.— (1) IN GENERAL.—Except as provided in paragraph (2), the amendments made by this section shall take effect on January 1, 2004. (2) TAX EXEMPT ECONOMIC DEVELOPMENT BONDS.—The amendment made by subsection (b) shall apply to obligations issued after the date of the enactment of this Act. SEC. 311. DISCLOSURE OF TAX INFORMATION TO FACILITATE COM BINED EMPLOYMENT TAX REPORTING. (a) IN GENERAL.—Paragraph (5) of section 6103(d) (relating to disclosure to State tax officials and State and local law enforce ment agencies) is amended to read as follows: ‘‘(5) DISCLOSURE FOR COMBINED EMPLOYMENT TAX REPORTING.— ‘‘(A) IN GENERAL.—The Secretary may disclose taxpayer identity information and signatures to any agency, body, or commission of any State for the purpose of carrying out with such agency, body, or commission a combined Federal and State employment tax reporting program approved by the Secretary. Subsections (a)(2) and (p)(4) and sections 7213 and 7213A shall not apply with respect 26 USC 1400 note. 26 USC 1400L note.
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