Page:United States Statutes at Large Volume 98 Part 1.djvu/895

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PUBLIC LAW 98-000—MMMM. DD, 1984

PUBLIC LAW 98-369—JULY 18, 1984 (40) SECTION 65ii(d)(4)(C).—Subparagraph (C) of section 6511(d)(4) (defining credit carryback) is amended to read as follows: "(C) CREDIT CARRYBACK DEFINED.—For purposes of this paragraph, the term 'credit carryback' means any business carryback under section 39 and any research credit carry^ * back under section 30(g)(2)." (41) SECTION 7871.—Subparagraph (A) of section 7871(a)(6) is amended by striking out "section 41(c)(4)" and inserting in lieu thereof "section 24(c)(4)". '(42) SECTION 9502 (d).—Paragraph (3) of section 9502(d) (relating to transfers from the Airport and Airway Trust Fund on account of certain section 39 credits) is amended— (A) by striking out "section 39" and inserting in lieu thereof "section 34", and t (B) by striking out "SECTION 39 CREDITS" in the heading and inserting in lieu thereof "SECTION 34 CREDITS". (43) SECTION 9503 (c).—Clause (ii) of section 9503(c)(2)(A) (relating to transfers' from the Highway Trust Fund for certain repayments and credits) is amended by striking out "section 39" and inserting in lieu thereof "section 34". SEC. 475. EFFECTIVE DATES. (a) GENERAL RULE.—The amendments made by this title shall apply to taxable years beginning after December 31, 1983, and to carrybacks from such years. (b) TAX-FREE COVENANT BONDS.—The amendments made by subsections 0) and (r)(29) of section 474 shall not apply with respect to obligations issued before January 1, 1984. (c) CLARIFICATION OF EFFECT OF AMENDMENTS ON INVESTMENT TAX CREDIT.—Nothing in the amendments made by section 474(o) shall be construed as reducing the amount of any credit allowable for qualified investment in taxable years beginning before January 1, 1984.

98 STAT. 847 26use6511.

Ante, p. 828. Ante, p. 826. 97 Stat. 87. 26 USC 7871. 26 USC 9502.

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26 USC 9503. ,.^ gi j. -,,»{] ^v 26 USC 2i note. 26 USC 33 note. Ante, p. 830. 26 USC 46 note. Ante, p. 830. Mhj-y^bi

^ Subtitle G—Miscellaneous Simplification

Provisions SEC. 481. PREFERRED STOCK ELIGIBLE UNDER SECTION 1244. (a) GENERAL RULE.—Subsections (c)(1) and (d)(2) of section 1244 26 USC 1244. (relating to losses on small business stock) are each amended by striking out "common stock" and inserting in lieu thereof "stock. Ob) EFFECTIVE DATE.—The amendment made by subsection (a) 26 USC 1244 shall apply to stock issued after the date of the enactment of this note. Act in taxable years ending after such date. "v^ a ^m\ SEC. 482. MEDICAL CARE DEDUCTION ALLOWED FOR LODGING AWAY FROM HOME IN CERTAIN CASES. (a) IN GENERAL.—Subsection (d) of section 213 (relating to defini- Ante, p. 800. tions for purposes of the deduction for medical, dental, etc., expenses), as amended by section 423(b), is amended by redesignating paragraphs (2), (3), (4), (5), (6), and (7) as paragraphs (3), (4), (5), (6), ' ' '• (7), and (8), respectively, and by inserting after paragraph (1) the following new paragraph: