PUBLIC LAW 110–172—DEC. 29, 2007
121 STAT. 2475
(f) AMENDMENT RELATED TO SECTION 1221 OF THE ACT.— Subparagraph (A) of section 4940(c)(4) is amended to read as follows: ‘‘(A) There shall not be taken into account any gain or loss from the sale or other disposition of property to the extent that such gain or loss is taken into account for purposes of computing the tax imposed by section 511.’’. (g) AMENDMENT RELATED TO SECTION 1225 OF THE ACT.— (1) Subsection (b) of section 6104 is amended— (A) by striking ‘‘INFORMATION’’ in the heading, and (B) by adding at the end the following: ‘‘Any annual return which is filed under section 6011 by an organization described in section 501(c)(3) and which relates to any tax imposed by section 511 (relating to imposition of tax on unrelated business income of charitable, etc., organizations) shall be treated for purposes of this subsection in the same manner as if furnished under section 6033.’’. (2) Clause (ii) of section 6104(d)(1)(A) is amended to read as follows: ‘‘(ii) any annual return which is filed under section 6011 by an organization described in section 501(c)(3) and which relates to any tax imposed by section 511 (relating to imposition of tax on unrelated business income of charitable, etc., organizations),’’. (3) Paragraph (2) of section 6104(d) is amended by striking ‘‘section 6033’’ and inserting ‘‘section 6011 or 6033’’. (h) AMENDMENT RELATED TO SECTION 1231 OF THE ACT.— Subsection (b) of section 4962 is amended by striking ‘‘or D’’ and inserting ‘‘D, or G’’. (i) AMENDMENT RELATED TO SECTION 1242 OF THE ACT.— (1) Subclause (II) of section 4958(c)(3)(A)(i) is amended by striking ‘‘paragraph (1), (2), or (4) of section 509(a)’’ and inserting ‘‘subparagraph (C)(ii)’’. (2) Clause (ii) of section 4958(c)(3)(C) is amended to read as follows: ‘‘(ii) EXCEPTION.—Such term shall not include— ‘‘(I) any organization described in paragraph (1), (2), or (4) of section 509(a), and ‘‘(II) any organization which is treated as described in such paragraph (2) by reason of the last sentence of section 509(a) and which is a supported organization (as defined in section 509(f)(3)) of the organization to which subparagraph (A) applies.’’. (j) EFFECTIVE DATE.—The amendments made by this section shall take effect as if included in the provisions of the Pension Protection Act of 2006 to which they relate.
26 USC 4940.
26 USC 170 note.
SEC. 4. AMENDMENTS RELATED TO THE TAX INCREASE PREVENTION AND RECONCILIATION ACT OF 2005.
dkrause on GSDDPC44 with PUBLAW
(a) AMENDMENTS RELATED TO SECTION 103 OF THE ACT.—Paragraph (6) of section 954(c) is amended by redesignating subparagraph (B) as subparagraph (C) and inserting after subparagraph (A) the following new subparagraph: ‘‘(B) EXCEPTION.—Subparagraph (A) shall not apply in the case of any interest, rent, or royalty to the extent such interest, rent, or royalty creates (or increases) a deficit
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