PUBLIC LAW 101-508—NOV. 5, 1990 104 STAT. 1388-405 "(A) taxable income reduced by the amount of the net capital gain, or (B) the amount of taxable income taxed at a rate below 28 percent, plus "(2) a tax of 28 percent of the amount of taxable income in excess of the amount determined under paragraph (1)." (d) TECHNICAL AMENDMENTS. — (I)(A) Subsection (f) of section 1 is amended— (i) by striking "1988" in paragraph (1) and inserting " 1990", and (ii) by striking "1987" in paragraph (3)(B) and inserting " 1989". (B) Subparagraph (B) of section 32(i)(l) is amended by striking " 1987" and inserting "1989". (C) Subparagraph (C) of section 41(e)(5) is amended— (i) by inserting ", by substituting 'calendar year 1987' for 'calendar year 1989' in subparagraph (B) thereof before the period at the end of clause (i), (ii) by striking "1987" in clause (ii) and inserting "1989", and (iii) by adding at the end of clause (ii) the following new sentence: "Such substitution shall be in lieu of the substitution under clause (i).". (D) Subparagraph (B) of section 63(c)(4) is gimended by inserting ", by substituting 'calendar year 1987' for 'calendar year 1989' in subparagraph (B) thereof*^' before the period at the end. (E) Clause (ii) of section 13503X2XB) is amended by striking ", determined by substituting 'calendar year 1989' for 'calendar year 1987' in subparagraph (B) thereof. (F) Subparagraph (B) of section 151(d)(3) is amended by striking "1987^' and inserting "1989". (G) Clause (ii) of section 513(h)(2)(C) is amended by inserting ", by substituting 'calendar year 1987' for 'calendar year 1989' in subparE^aph (B) thereof'^' before the period at the end. (2) Section 1 is amended by striking subsection (h) and redesignating subsections (i) and (j) as subsections (g) and (h), respectively. (3) Subsection (j) of section 59 is amended— (A) by striking "section l(i)" each place it appears and inserting "section 1(g)", and (B) by striking "section l(i)(3)(B)" in paragraph (2)(C) and inserting "section l(g)(3)(B)". (4) Paragraph (4) of section 691(c) is amended by striking "l(j)" and inserting "1(h)". (5)(A) Clause (i) of section 904(b)(3)(D) is amended by striking "subsection (j)" and inserting "subsection (h)". (B) Subclause (I) of section 904(b)(3)(E)(iii) is amended by striking "section l(j)" and inserting "section 1(h)". (6) Clause (iv) of section 6103(e)(l)(A) is amended by striking "section l(j)" and inserting "section 1(g)". (7)(A) Subparagraph (A) of section 7518(g)(6) is amended by striking "l(j)^'and inserting "1(h)". (B) Subparagraph (A) of section 607(h)(6) of the Merchant Marine Act, 1936 is amended by striking "l(i)" and inserting 46 USC app. "1(h)". ll'^'^- (e) EFFECTIVE DATE. —The amendments made by this section shall 26 USC 1 note, apply to taxable years beginning after December 31, 1990.
�
