124 STAT. 2568 PUBLIC LAW 111–240—SEPT. 27, 2010 (b) AMOUNTS SOURCED WITHOUT THE UNITED STATES.—Sub- section (a) of section 862 of the Internal Revenue Code of 1986 is amended by striking ‘‘and’’ at the end of paragraph (7), by striking the period at the end of paragraph (8) and inserting ‘‘; and’’, and by adding at the end the following new paragraph: ‘‘(9) amounts received, directly or indirectly, from a foreign person for the provision of a guarantee of indebtedness of such person other than amounts which are derived from sources within the United States as provided in section 861(a)(9).’’. (c) CONFORMING AMENDMENT.—Clause (ii) of section 864(c)(4)(B) of the Internal Revenue Code of 1986 is amended by striking ‘‘dividends or interest’’ and inserting ‘‘dividends, interest, or amounts received for the provision of guarantees of indebted- ness’’. (d) EFFECTIVE DATE.—The amendments made by this section shall apply to guarantees issued after the date of the enactment of this Act. PART IV—TIME FOR PAYMENT OF CORPORATE ESTIMATED TAXES SEC. 2131. TIME FOR PAYMENT OF CORPORATE ESTIMATED TAXES. The percentage under paragraph (2) of section 561 of the Hiring Incentives to Restore Employment Act in effect on the date of the enactment of this Act is increased by 36 percentage points. TITLE III—STATE SMALL BUSINESS CREDIT INITIATIVE SEC. 3001. SHORT TITLE. This title may be cited as the ‘‘State Small Business Credit Initiative Act of 2010’’. SEC. 3002. DEFINITIONS. In this title, the following definitions shall apply: (1) APPROPRIATE COMMITTEES OF CONGRESS.—The term ‘‘appropriate committees of Congress’’ means— (A) the Committee on Small Business and Entrepreneurship, the Committee on Agriculture, Nutri- tion, and Forestry, the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Com- mittee on the Budget, and the Committee on Appropria- tions of the Senate; and (B) the Committee on Small Business, the Committee on Agriculture, the Committee on Financial Services, the Committee on Ways and Means, the Committee on the Budget, and the Committee on Appropriations of the House of Representatives. (2) APPROPRIATE FEDERAL BANKING AGENCY.—The term ‘‘appropriate Federal banking agency’’— (A) has the same meaning as in section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)); and (B) includes the National Credit Union Administration Board in the case of any credit union the deposits of which 12 USC 5701. 12 USC 5701 note. State Small Business Credit Initiative Act of 2010. 22 USC 6655 note. 26 USC 861 note. 26 USC 864. 26 USC 862.
