PUBLIC LAW 98-369—JULY 18, 1984
98 STAT. 840 26use 129.
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(C) Paragraph (2) of section 129(e) (defining earned income) is amended by striking out "section 43(c)(2)" and inserting in lieu thereof "section 32(c)(2)". (7) SECTION 168.—
26 USC 168. asd.
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(A) Clause (i) of section 168(i)(l)(D), as added by section 208(a) of the Tax Equity and Fiscal Responsibility Act of 1982, is amended by striking out "subpart A of part IV" and inserting in lieu thereof "subparts A, B, and D of part IV". (B) Clause (iii) of section 168(i)(l)(D), as added by section 208(a) of the Tax Equity and Fiscal Responsibility Act of 1982, is amended by striking out "under the last sentence of section 53(a)" and inserting in lieu thereof "under section 25(b)(2)". (C) Subparagraph (A) of section 168(i)(4), as added by section 208(a) of the Tax Equity and Fiscal Responsibility Act of 1982, is amended by striking out "subpart A of part IV of subchapter A of this chapter" and inserting in lieu thereof "section 38". (D) Clause (i) of section 168(i)(l)(D), as added by section 20903) of the Tax Equity and Fiscal Responsibility Act of 1982, is amended by striking out "subpart A of part IV" and inserting in lieu thereof "subparts A, B, and D of part IV". (E) Clause (iii) of section 168(i)(l)(D), as added by section 2090b) of the Tax Equity and Fiscal Responsibility Act of 1982, is amended by striking out "under the last sentence of section 53(a)" and inserting in lieu thereof "under section 250b)(2)". (8) SECTION I 9 6. —
26 USC 196.
(A) Section 196 (relating to deduction for certain unused investment credits) is amended to read as follows: "SEC. 196. DEDUCTION FOR CERTAIN UNUSED BUSINESS CREDITS.
Ante, p. 827.
Ante, p. 828.
•&> q 7*:f q Ante, p. 834. Ante, p. 837. Ante, p. 832.
"(a) ALLOWANCE OF DEDUCTION.—If any portion of the qualified business credits determined for any taxable year has not, after the application of section 38(c), been allowed to the taxpayer as a credit under section 38 for any taxable year, an amount equal to the credit not so allowed shall be allowed to the taxpayer as a deduction for the first taxable year following the last taxable year for which such Credit could, under section 39, have been allowed as a credit. "Ob) TAXPAYER'S DYING OR CEASING TO EXIST.—If a taxpayer dies or ceases to exist before the first taxable year following the last taxable year for which the qualified business credits could, under section 39, have been allowed as a credit, the amount described in subsection (a) (or the proper portion thereof) shall, under regulations prescribed by the Secretary, be allowed to the taxpayer as a deduction for the taxable year in which such death or cessation occurs. "(c) QUALIFIED BUSINESS CREDITS.—For purposes of this section, the term 'qualified business credits' means— "(1) the investment credit determined under section 46(a) (but only to the extent attributable to property the basis of which is reduced by section 48(q)), r "(2) the targeted jobs credit determined under section 51(a), and "(3) the alcohol fuels credit determined under section 40(a). "(d) SPECIAL RULE FOR INVESTMENT TAX CREDIT.—In the case of the investment credit determined under section 46(a) (other than a credit to which section 48(q)(3) applies), subsection (a) shall be
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