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[Document affected by Public Law 107-16 Section 301(d)]
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[CITE: 26USC1]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                        Subtitle A--Income Taxes
 
                  CHAPTER 1--NORMAL TAXES AND SURTAXES
 
              Subchapter A--Determination of Tax Liability
 
                       PART I--TAX ON INDIVIDUALS
 
Sec. 1. Tax imposed


(a) Married individuals filing joint returns and surviving spouses

    There is hereby imposed on the taxable income of--
        (1) every married individual (as defined in section 7703) who 
    makes a single return jointly with his spouse under section 6013, 
    and
        (2) every surviving spouse (as defined in section 2(a)),

a tax determined in accordance with the following table:


     If taxable income is:                     The tax is:

  Not over $36,900.............    15% of taxable income.
  Over $36,900 but not over        $5,535, plus 28% of the excess over
   $89,150.                         $36,900.
  Over $89,150 but not over        $20,165, plus 31% of the excess over
   $140,000.                        $89,150.
  Over $140,000 but not over       $35,928.50, plus 36% of the excess
   $250,000.                        over $140,000.
  Over $250,000................    $75,528.50, plus 39.6% of the excess
                                    over $250,000.


(b) Heads of households

    There is hereby imposed on the taxable income of every head of a 
household (as defined in section 2(b)) a tax determined in accordance 
with the following table:


     If taxable income is:                     The tax is:

  Not over $29,600.............    15% of taxable income.
  Over $29,600 but not over        $4,440, plus 28% of the excess over
   $76,400.                         $29,600.
  Over $76,400 but not over        $17,544, plus 31% of the excess over
   $127,500.                        $76,400.
  Over $127,500 but not over       $33,385, plus 36% of the excess over
   $250,000.                        $127,500.
  Over $250,000................    $77,485, plus 39.6% of the excess
                                    over $250,000.


(c) Unmarried individuals (other than surviving spouses and heads of 
        households)

    There is hereby imposed on the taxable income of every individual 
(other than a surviving spouse as defined in section 2(a) or the head of 
a household as defined in section 2(b)) who is not a married individual 
(as defined in section 7703) a tax determined in accordance with the 
following table:


     If taxable income is:                     The tax is:

  Not over $22,100.............    15% of taxable income.
  Over $22,100 but not over        $3,315, plus 28% of the excess over
   $53,500.                         $22,100.
  Over $53,500 but not over        $12,107, plus 31% of the excess over
   $115,000.                        $53,500.
  Over $115,000 but not over       $31,172, plus 36% of the excess over
   $250,000.                        $115,000.
  Over $250,000................    $79,772, plus 39.6% of the excess
                                    over $250,000.


(d) Married individuals filing separate returns

    There is hereby imposed on the taxable income of every married 
individual (as defined in section 7703) who does not make a single 
return jointly with his spouse under section 6013, a tax determined in 
accordance with the following table:


     If taxable income is:                     The tax is:

  Not over $18,450.............    15% of taxable income.
  Over $18,450 but not over        $2,767.50, plus 28% of the excess
   $44,575.                         over $18,450.
  Over $44,575 but not over        $10,082.50, plus 31% of the excess
   $70,000.                         over $44,575.
  Over $70,000 but not over        $17,964.25, plus 36% of the excess
   $125,000.                        over $70,000.
  Over $125,000................    $37,764.25, plus 39.6% of the excess
                                    over $125,000.


(e) Estates and trusts

    There is hereby imposed on the taxable income of--
        (1) every estate, and
        (2) every trust,

taxable under this subsection a tax determined in accordance with the 
following table:


     If taxable income is:                     The tax is:

  Not over $1,500..............    15% of taxable income.
  Over $1,500 but not over         $225, plus 28% of the excess over
   $3,500.                          $1,500.
  Over $3,500 but not over         $785, plus 31% of the excess over
   $5,500.                          $3,500.
  Over $5,500 but not over         $1,405, plus 36% of the excess over
   $7,500.                          $5,500.
  Over $7,500..................    $2,125, plus 39.6% of the excess over
                                    $7,500.


(f) Adjustments in tax tables so that inflation will not result in tax 
        increases

                           (1) In general

        Not later than December 15 of 1993, and each subsequent calendar 
    year, the Secretary shall prescribe tables which shall apply in lieu 
    of the tables contained in subsections (a), (b), (c), (d), and (e) 
    with respect to taxable years beginning in the succeeding calendar 
    year.

                  (2) Method of prescribing tables

        The table which under paragraph (1) is to apply in lieu of the 
    table contained in subsection (a), (b), (c), (d), or (e), as the 
    case may be, with respect to taxable years beginning in any calendar 
    year shall be prescribed--
            (A) by increasing the minimum and maximum dollar amounts for 
        each rate bracket for which a tax is imposed under such table by 
        the cost-of-living adjustment for such calendar year,
            (B) by not changing the rate applicable to any rate bracket 
        as adjusted under subparagraph (A), and
            (C) by adjusting the amounts setting forth the tax to the 
        extent necessary to reflect the adjustments in the rate 
        brackets.

                    (3) Cost-of-living adjustment

        For purposes of paragraph (2), the cost-of-living adjustment for 
    any calendar year is the percentage (if any) by which--
            (A) the CPI for the preceding calendar year, exceeds
            (B) the CPI for the calendar year 1992.

                    (4) CPI for any calendar year

        For purposes of paragraph (3), the CPI for any calendar year is 
    the average of the Consumer Price Index as of the close of the 12-
    month period ending on August 31 of such calendar year.

                      (5) Consumer Price Index

        For purposes of paragraph (4), the term ``Consumer Price Index'' 
    means the last Consumer Price Index for all-urban consumers 
    published by the Department of Labor. For purposes of the preceding 
    sentence, the revision of the Consumer Price Index which is most 
    consistent with the Consumer Price Index for calendar year 1986 
    shall be used.

                            (6) Rounding

        (A) In general

            If any increase determined under paragraph (2)(A), section 
        63(c)(4), section 68(b)(2) or section 151(d)(4) is not a 
        multiple of $50, such increase shall be rounded to the next 
        lowest multiple of $50.

        (B) Table for married individuals filing separately

            In the case of a married individual filing a separate 
        return, subparagraph (A) (other than with respect to subsection 
        (c)(4) of section 63 (as it applies to subsections (c)(5)(A) and 
        (f) of such section) and section 151(d)(4)(A)) shall be applied 
        by substituting ``$25'' for ``$50'' each place it appears.

                (7) Special rule for certain brackets

        (A) Calendar year 1994

            In prescribing the tables under paragraph (1) which apply 
        with respect to taxable years beginning in calendar year 1994, 
        the Secretary shall make no adjustment to the dollar amounts at 
        which the 36 percent rate bracket begins or at which the 39.6 
        percent rate begins under any table contained in subsection (a), 
        (b), (c), (d), or (e).

        (B) Later calendar years

            In prescribing tables under paragraph (1) which apply with 
        respect to taxable years beginning in a calendar year after 
        1994, the cost-of-living adjustment used in making adjustments 
        to the dollar amounts referred to in subparagraph (A) shall be 
        determined under paragraph (3) by substituting ``1993'' for 
        ``1992''.

(g) Certain unearned income of minor children taxed as if parent's 
        income

                           (1) In general

        In the case of any child to whom this subsection applies, the 
    tax imposed by this section shall be equal to the greater of--
            (A) the tax imposed by this section without regard to this 
        subsection, or
            (B) the sum of--
                (i) the tax which would be imposed by this section if 
            the taxable income of such child for the taxable year were 
            reduced by the net unearned income of such child, plus
                (ii) such child's share of the allocable parental tax.

                (2) Child to whom subsection applies

        This subsection shall apply to any child for any taxable year 
    if--
            (A) such child has not attained age 14 before the close of 
        the taxable year, and
            (B) either parent of such child is alive at the close of the 
        taxable year.

                     (3) Allocable parental tax

        For purposes of this subsection--

        (A) In general

            The term ``allocable parental tax'' means the excess of--
                (i) the tax which would be imposed by this section on 
            the parent's taxable income if such income included the net 
            unearned income of all children of the parent to whom this 
            subsection applies, over
                (ii) the tax imposed by this section on the parent 
            without regard to this subsection.

        For purposes of clause (i), net unearned income of all children 
        of the parent shall not be taken into account in computing any 
        exclusion, deduction, or credit of the parent.

        (B) Child's share

            A child's share of any allocable parental tax of a parent 
        shall be equal to an amount which bears the same ratio to the 
        total allocable parental tax as the child's net unearned income 
        bears to the aggregate net unearned income of all children of 
        such parent to whom this subsection applies.

        (C) Special rule where parent has different taxable year

            Except as provided in regulations, if the parent does not 
        have the same taxable year as the child, the allocable parental 
        tax shall be determined on the basis of the taxable year of the 
        parent ending in the child's taxable year.

                       (4) Net unearned income

        For purposes of this subsection--

        (A) In general

            The term ``net unearned income'' means the excess of--
                (i) the portion of the adjusted gross income for the 
            taxable year which is not attributable to earned income (as 
            defined in section 911(d)(2)), over
                (ii) the sum of--
                    (I) the amount in effect for the taxable year under 
                section 63(c)(5)(A) (relating to limitation on standard 
                deduction in the case of certain dependents), plus
                    (II) the greater of the amount described in 
                subclause (I) or, if the child itemizes his deductions 
                for the taxable year, the amount of the itemized 
                deductions allowed by this chapter for the taxable year 
                which are directly connected with the production of the 
                portion of adjusted gross income referred to in clause 
                (i).

        (B) Limitation based on taxable income

            The amount of the net unearned income for any taxable year 
        shall not exceed the individual's taxable income for such 
        taxable year.

    (5) Special rules for determining parent to whom subsection 
                                   applies

        For purposes of this subsection, the parent whose taxable income 
    shall be taken into account shall be--
            (A) in the case of parents who are not married (within the 
        meaning of section 7703), the custodial parent (within the 
        meaning of section 152(e)) of the child, and
            (B) in the case of married individuals filing separately, 
        the individual with the greater taxable income.

                    (6) Providing of parent's TIN

        The parent of any child to whom this subsection applies for any 
    taxable year shall provide the TIN of such parent to such child and 
    such child shall include such TIN on the child's return of tax 
    imposed by this section for such taxable year.

     (7) Election to claim certain unearned income of child on 
                               parent's return

        (A) In general

            If--
                (i) any child to whom this subsection applies has gross 
            income for the taxable year only from interest and dividends 
            (including Alaska Permanent Fund dividends),
                (ii) such gross income is more than the amount described 
            in paragraph (4)(A)(ii)(I) and less than 10 times the amount 
            so described,
                (iii) no estimated tax payments for such year are made 
            in the name and TIN of such child, and no amount has been 
            deducted and withheld under section 3406, and
                (iv) the parent of such child (as determined under 
            paragraph (5)) elects the application of subparagraph (B),

        such child shall be treated (other than for purposes of this 
        paragraph) as having no gross income for such year and shall not 
        be required to file a return under section 6012.

        (B) Income included on parent's return

            In the case of a parent making the election under this 
        paragraph--
                (i) the gross income of each child to whom such election 
            applies (to the extent the gross income of such child 
            exceeds twice the amount described in paragraph 
            (4)(A)(ii)(I)) shall be included in such parent's gross 
            income for the taxable year,
                (ii) the tax imposed by this section for such year with 
            respect to such parent shall be the amount equal to the sum 
            of--
                    (I) the amount determined under this section after 
                the application of clause (i), plus
                    (II) for each such child, 15 percent of the lesser 
                of the amount described in paragraph (4)(A)(ii)(I) or 
                the excess of the gross income of such child over the 
                amount so described, and

                (iii) any interest which is an item of tax preference 
            under section 57(a)(5) of the child shall be treated as an 
            item of tax preference of such parent (and not of such 
            child).

        (C) Regulations

            The Secretary shall prescribe such regulations as may be 
        necessary or appropriate to carry out the purposes of this 
        paragraph.

(h) Maximum capital gains rate

                           (1) In general

        If a taxpayer has a net capital gain for any taxable year, the 
    tax imposed by this section for such taxable year shall not exceed 
    the sum of--
            (A) a tax computed at the rates and in the same manner as if 
        this subsection had not been enacted on the greater of--
                (i) taxable income reduced by the net capital gain; or
                (ii) the lesser of--
                    (I) the amount of taxable income taxed at a rate 
                below 28 percent; or
                    (II) taxable income reduced by the adjusted net 
                capital gain;

            (B) 10 percent of so much of the adjusted net capital gain 
        (or, if less, taxable income) as does not exceed the excess (if 
        any) of--
                (i) the amount of taxable income which would (without 
            regard to this paragraph) be taxed at a rate below 28 
            percent, over
                (ii) the taxable income reduced by the adjusted net 
            capital gain;

            (C) 20 percent of the adjusted net capital gain (or, if 
        less, taxable income) in excess of the amount on which a tax is 
        determined under subparagraph (B);
            (D) 25 percent of the excess (if any) of--
                (i) the unrecaptured section 1250 gain (or, if less, the 
            net capital gain), over
                (ii) the excess (if any) of--
                    (I) the sum of the amount on which tax is determined 
                under subparagraph (A) plus the net capital gain, over
                    (II) taxable income; and

            (E) 28 percent of the amount of taxable income in excess of 
        the sum of the amounts on which tax is determined under the 
        preceding subparagraphs of this paragraph.

      (2) Reduced capital gain rates for qualified 5-year gain

        (A) Reduction in 10-percent rate

            In the case of any taxable year beginning after December 31, 
        2000, the rate under paragraph (1)(B) shall be 8 percent with 
        respect to so much of the amount to which the 10-percent rate 
        would otherwise apply as does not exceed qualified 5-year gain, 
        and 10 percent with respect to the remainder of such amount.

        (B) Reduction in 20-percent rate

            The rate under paragraph (1)(C) shall be 18 percent with 
        respect to so much of the amount to which the 20-percent rate 
        would otherwise apply as does not exceed the lesser of--
                (i) the excess of qualified 5-year gain over the amount 
            of such gain taken into account under subparagraph (A) of 
            this paragraph; or
                (ii) the amount of qualified 5-year gain (determined by 
            taking into account only property the holding period for 
            which begins after December 31, 2000),

        and 20 percent with respect to the remainder of such amount. For 
        purposes of determining under the preceding sentence whether the 
        holding period of property begins after December 31, 2000, the 
        holding period of property acquired pursuant to the exercise of 
        an option (or other right or obligation to acquire property) 
        shall include the period such option (or other right or 
        obligation) was held.

    (3) Net capital gain taken into account as investment income

        For purposes of this subsection, the net capital gain for any 
    taxable year shall be reduced (but not below zero) by the amount 
    which the taxpayer takes into account as investment income under 
    section 163(d)(4)(B)(iii).

                    (4) Adjusted net capital gain

        For purposes of this subsection, the term ``adjusted net capital 
    gain'' means net capital gain reduced (but not below zero) by the 
    sum of--
            (A) unrecaptured section 1250 gain; and
            (B) 28-percent rate gain.

                      (5) 28-percent rate gain

        For purposes of this subsection, the term ``28-percent rate 
    gain'' means the excess (if any) of--
            (A) the sum of--
                (i) collectibles gain; and
                (ii) section 1202 gain, over

            (B) the sum of--
                (i) collectibles loss;
                (ii) the net short-term capital loss; and
                (iii) the amount of long-term capital loss carried under 
            section 1212(b)(1)(B) to the taxable year.

                   (6) Collectibles gain and loss

        For purposes of this subsection--

        (A) In general

            The terms ``collectibles gain'' and ``collectibles loss'' 
        mean gain or loss (respectively) from the sale or exchange of a 
        collectible (as defined in section 408(m) without regard to 
        paragraph (3) thereof) which is a capital asset held for more 
        than 1 year but only to the extent such gain is taken into 
        account in computing gross income and such loss is taken into 
        account in computing taxable income.

        (B) Partnerships, etc.

            For purposes of subparagraph (A), any gain from the sale of 
        an interest in a partnership, S corporation, or trust which is 
        attributable to unrealized appreciation in the value of 
        collectibles shall be treated as gain from the sale or exchange 
        of a collectible. Rules similar to the rules of section 751 
        shall apply for purposes of the preceding sentence.

                 (7) Unrecaptured section 1250 gain

        For purposes of this subsection--

        (A) In general

            The term ``unrecaptured section 1250 gain'' means the excess 
        (if any) of--
                (i) the amount of long-term capital gain (not otherwise 
            treated as ordinary income) which would be treated as 
            ordinary income if section 1250(b)(1) included all 
            depreciation and the applicable percentage under section 
            1250(a) were 100 percent, over
                (ii) the excess (if any) of--
                    (I) the amount described in paragraph (5)(B); over
                    (II) the amount described in paragraph (5)(A).

        (B) Limitation with respect to section 1231 property

            The amount described in subparagraph (A)(i) from sales, 
        exchanges, and conversions described in section 1231(a)(3)(A) 
        for any taxable year shall not exceed the net section 1231 gain 
        (as defined in section 1231(c)(3)) for such year.

                        (8) Section 1202 gain

        For purposes of this subsection, the term ``section 1202 gain'' 
    means the excess of--
            (A) the gain which would be excluded from gross income under 
        section 1202 but for the percentage limitation in section 
        1202(a), over
            (B) the gain excluded from gross income under section 1202.

                      (9) Qualified 5-year gain

        For purposes of this subsection, the term ``qualified 5-year 
    gain'' means the aggregate long-term capital gain from property held 
    for more than 5 years. The determination under the preceding 
    sentence shall be made without regard to collectibles gain, gain 
    described in paragraph (7)(A)(i), and section 1202 gain.

      (10) Coordination with recapture of net ordinary losses 
                             under section 1231

        If any amount is treated as ordinary income under section 
    1231(c), such amount shall be allocated among the separate 
    categories of net section 1231 gain (as defined in section 
    1231(c)(3)) in such manner as the Secretary may by forms or 
    regulations prescribe.

                          (11) Regulations

        The Secretary may prescribe such regulations as are appropriate 
    (including regulations requiring reporting) to apply this subsection 
    in the case of sales and exchanges by pass-thru entities and of 
    interests in such entities.

                    (12) Pass-thru entity defined

        For purposes of this subsection, the term ``pass-thru entity'' 
    means--
            (A) a regulated investment company;
            (B) a real estate investment trust;
            (C) an S corporation;
            (D) a partnership;
            (E) an estate or trust;
            (F) a common trust fund;
            (G) a foreign investment company which is described in 
        section 1246(b)(1) and for which an election is in effect under 
        section 1247; and
            (H) a qualified electing fund (as defined in section 1295).

                         (13) Special rules

        (A) Determination of 28-percent rate gain

            In applying paragraph (5)--
                (i) the amount determined under subparagraph (A) of 
            paragraph (5) shall include long-term capital gain (not 
            otherwise described in such subparagraph)--
                    (I) which is properly taken into account for the 
                portion of the taxable year before May 7, 1997; or
                    (II) from property held not more than 18 months 
                which is properly taken into account for the portion of 
                the taxable year after July 28, 1997, and before January 
                1, 1998;

                (ii) the amount determined under subparagraph (B) of 
            paragraph (5) shall include long-term capital loss (not 
            otherwise described in such subparagraph)--
                    (I) which is properly taken into account for the 
                portion of the taxable year before May 7, 1997; or
                    (II) from property held not more than 18 months 
                which is properly taken into account for the portion of 
                the taxable year after July 28, 1997, and before January 
                1, 1998; and

                (iii) subparagraph (B) of paragraph (5) (as in effect 
            immediately before the enactment of this clause) shall apply 
            to amounts properly taken into account before January 1, 
            1998.

        (B) Determination of unrecaptured section 1250 gain

            The amount determined under paragraph (7)(A)(i) shall not 
        include gain--
                (i) which is properly taken into account for the portion 
            of the taxable year before May 7, 1997; or
                (ii) from property held not more than 18 months which is 
            properly taken into account for the portion of the taxable 
            year after July 28, 1997, and before January 1, 1998.

        (C) Special rules for pass-thru entities

            In applying this paragraph with respect to any pass-thru 
        entity, the determination of when gains and loss are properly 
        taken into account shall be made at the entity level.

        (D) Charitable remainder trusts

            Subparagraphs (A) and (B)(ii) shall not apply to any capital 
        gain distribution made by a trust described in section 664.''

(Aug. 16, 1954, ch. 736, 68A Stat. 5; Pub. L. 88-272, title I, Sec. 111, 
Feb. 26, 1964, 78 Stat. 19; Pub. L. 89-809, title I, Sec. 103(a)(2), 
Nov. 13, 1966, 80 Stat. 1550; Pub. L. 91-172, title VIII, Sec. 803(a), 
Dec. 30, 1969, 83 Stat. 678; Pub. L. 95-30, title I, Sec. 101(a), May 
23, 1977, 91 Stat. 127; Pub. L. 95-600, title I, Sec. 101(a), Nov. 6, 
1978, 92 Stat. 2767; Pub. L. 97-34, title I, Secs. 101(a), 104(a), Aug. 
13, 1981, 95 Stat. 176, 188; Pub. L. 97-448, title I, Sec. 101(a)(3), 
Jan. 12, 1983, 96 Stat. 2366; Pub. L. 99-514, title I, Sec. 101(a), 
title III, Sec. 302(a), title XIV, Sec. 1411(a), Oct. 22, 1986, 100 
Stat. 2096, 2218, 2714; Pub. L. 100-647, title I, Secs. 1001(a)(3), 
1014(e)(1)-(3), (6), (7), title VI, Sec. 6006(a), Nov. 10, 1988, 102 
Stat. 3349, 3561, 3562, 3686; Pub. L. 101-239, title VII, 
Secs. 7811(j)(1), 7816(b), 7831(a), Dec. 19, 1989, 103 Stat. 2411, 2420, 
2425; Pub. L. 101-508, title XI, Secs. 11101(a)-(c), (d)(1)(A), (2), 
11103(c), 11104(b), Nov. 5, 1990, 104 Stat. 1388-403 to 1388-406, 1388-
408; Pub. L. 103-66, title XIII, Secs. 13201(a), (b)(3)(A), (B), 
13202(a), 13206(d)(2), Aug. 10, 1993, 107 Stat. 457, 459, 461, 467; Pub. 
L. 104-188, title I, Sec. 1704(m)(1), (2), Aug. 20, 1996, 110 Stat. 
1882, 1883; Pub. L. 105-34, title III, Sec. 311(a), Aug. 5, 1997, 111 
Stat. 831; Pub. L. 105-206, title V, Sec. 5001(a)(1)-(4), title VI, 
Secs. 6005(d)(1), 6007(f)(1), July 22, 1998, 112 Stat. 787, 788, 800, 
810; Pub. L. 105-277, div. J, title IV, Sec. 4002(i)(1), (3), Oct. 21, 
1998, 112 Stat. 2681-907, 2681-908; Pub. L. 106-554, Sec. 1(a)(7) [title 
I, Sec. 117(b)(1)], Dec. 21, 2000, 114 Stat. 2763, 2763A-604.)

             Tax Tables for Taxable Years Beginning in 2001

    Revenue Procedure 2001-13 provided:
Section 1. Purpose
    This revenue procedure sets forth inflation adjusted items for 2001.
Section 2. Changes
    .01 This revenue procedure reflects the unpublished corrections made 
by the Bureau of Labor Statistics (BLS) in the Consumer Price Index for 
All Urban Consumers (CPI-U) for September 1999 through December 1999 
that will be required if the Taxpayer Relief Act of 2000 is enacted. The 
2000 Act passed the House as H.R. 2614 on October 26, 2000. A provision 
having the same effect is contained in the Community Renewal Tax Relief 
Act of 2000 pending in the Congress as of the date of publication of 
this revenue procedure. Specific items that would be affected by the 
legislation are:
    (1) the tax rate tables (set forth in section 3.01 of this revenue 
procedure);
    (2) certain figures relating to the earned income tax credit 
(section 3.03);
    (3) the aggregate amount of gifts received from foreign persons for 
purposes of information reporting Sec. 6039F (section 3.22); and
    (4) the amount used to determine the validity of certain tax liens 
under Sec. 6323(b)(7) (section 3.23).
    .02 Part I of section 3 of this revenue procedure reflects the 
figures that will apply if the legislation is enacted. Part II of 
section 3 provides the alternative figures for items affected by the 
legislation that will apply in the event that the 2000 Act is not 
enacted. The Service will issue subsequent notification clarifying 
whether the amounts set forth in Part I or Part II are applicable for 
2001. [Legislation directing adjustments for Consumer Price Index error 
was enacted by Pub. L. 106-554, Sec. 1(a)(7) [title III, Sec. 308], Dec. 
21, 2000, 114 Stat. 2763, 2763A-636, which is set out as a note under 
this section. Pursuant to Notice 2001-12, 2001-3 Internal Revenue 
Bulletin (Jan. 16, 2001), part I of section 3 of Rev. Proc. 2001-13 
became effective and part II was to be disregarded.]
    .03 There are no changes from the preceding year in the list of 
items adjusted.
Section 3. 2001 Adjusted Items
        Part I--Inflation-Adjusted Items Applicable if Pending 
    Legislation Is Enacted
    .01 Tax Rate Tables. For tax years beginning in 2001, the tax rate 
tables under Sec. 1 are as follows:

  Table 1--Section 1(a).--Married Individuals Filing Joint Returns and
                            Surviving Spouses

      If Taxable Income Is:                     The Tax Is:

Not Over $45,200................  15% of the taxable income
Over $45,200 but not over         $6,780.00 plus 28% of the excess over
 $109,250.                         $45,200
Over $109,250 but not over        $24,714.00 plus 31% of the excess over
 $166,500.                         $109,250
Over $166,500 but not over        $42,461.50 plus 36% of the excess over
 $297,350.                         $166,500
Over $297,350...................  $89,567.50 plus 39.6% of the excess
                                   over $297,350



               Table 2--Section 1(b).--Heads of Households

      If Taxable Income Is:                     The Tax Is:

Not Over $36,250................  15% of the taxable income
Over $36,250 but not over         $5,437.50 plus 28% of the excess over
 $93,650.                          $36,250
Over $93,650 but not over         $21,509.50 plus 31% of the excess over
 $151,650.                         $93,650
Over $151,650 but not over        $39,489.50 plus 36% of the excess over
 $297,350.                         $151,650
Over $297,350...................  $91,941.50 plus 39.6% of the excess
                                   over $297,350



   Table 3--Section 1(c).--Unmarried Individuals (Other Than Surviving
                    Spouses and Heads of Households)

      If Taxable Income Is:                     The Tax Is:

Not Over $27,050................  15% of the taxable income
Over $27,050 but not over         $4,057.50 plus 28% of the excess over
 $65,550.                          $27,050
Over $65,550 but not over         $14,837.50 plus 31% of the excess over
 $136,750.                         $65,550
Over $136,750 but not over        $36,909.50 plus 36% of the excess over
 $297,350.                         $136,750
Over $297,350...................  $94,725.50 plus 39.6% of the excess
                                   over $297,350



   Table 4--Section 1(d).--Married Individuals Filing Separate Returns

      If Taxable Income Is:                     The Tax Is:

Not Over $22,600................  15% of the taxable income
Over $22,600 but not over         $3,390.00 plus 28% of the excess over
 $54,625.                          $22,600
Over $54,625 but not over         $12,357.00 plus 31% of the excess over
 $83,250.                          $54,625
Over $83,250 but not over         $21,230.75 plus 36% of the excess over
 $148,675.                         $83,250
Over $148,675...................  $44,783.75 plus 39.6% of the excess
                                   over $148,675



               Table 5--Section 1(e).--Estates and Trusts

      If Taxable Income Is:                     The Tax Is:

Not Over $1,800.................  15% of the taxable income
Over $1,800 but not over $4,250.  $270.00 plus 28% of the excess over
                                   $1,800
Over $4,250 but not over $6,500.  $956.00 plus 31% of the excess over
                                   $4,250
Over $6,500 but not over $8,900.  $1,653.50 plus 36% of the excess over
                                   $6,500
Over $8,900.....................  $2,517.50 plus 39.6% of the excess
                                   over $8,900


    .02 Unearned Income of Minor Children Taxed as if Parent's Income 
(the ``Kiddie Tax''). For tax years beginning in 2001, the amount in 
Sec. 1(g)(4)(A)(ii)(I), which is used to reduce the net unearned income 
reported on the child's return that is subject to the ``kiddie tax,'' is 
$750. (This amount is the same as the $750 standard deduction amount 
provided in section 3.05(2) of this revenue procedure.) The same $750 
amount is used for purposes of Sec. 1(g)(7) (that is, determining 
whether a parent may elect to include a child's gross income in the 
parent's gross income and for calculating the ``kiddie tax'').
    .03 Earned Income Tax Credit.
    (1) In general. For tax years beginning in 2001, the following 
amounts are used to determine the earned income tax credit under 
Sec. 32(b). The ``earned income amount'' is the amount of earned income 
at or above which the maximum amount of the earned income tax credit is 
allowed. The ``threshold phaseout amount'' is the amount of modified 
adjusted gross income (or, if greater, earned income) above which the 
maximum amount of the credit begins to phase out. The ``completed 
phaseout amount'' is the amount of modified adjusted gross income (or if 
greater, earned income) at or above which no credit is allowed.


                                  Maximum
                                   Amount   Earned  Threshold  Completed
       Number of Children          of the   Income   Phaseout   Phaseout
                                   Credit   Amount    Amount     Amount

1                                  $2,428   $7,140    $13,090    $28,281
2 or more                          $4,008  $10,020    $13,090    $32,121
None                               $  364   $4,760    $ 5,950    $10,710


    The Internal Revenue Service, in the instructions for the Form 1040 
series, provides tables showing the amount of the earned income tax 
credit for each type of taxpayer.
    (2) Excessive investment income. For tax years beginning in 2001, 
the earned income tax credit is denied under Sec. 32(i) if the aggregate 
amount of certain investment income exceeds $2,450.
    .04 Alternative Minimum Tax Exemption for a Child Subject to the 
``Kiddie Tax.'' For tax years beginning in 2001, in the case of a child 
to whom the Sec. 1(g) ``kiddie tax'' applies, the exemption amount under 
Sec. 55 and Sec. 59(j) for purposes of the alternative minimum tax under 
Sec. 55 may not exceed the sum of (A) such child's earned income for the 
taxable year, plus (B) $5,350.
    .05 Standard Deduction.
    (1) In general. For tax years beginning in 2001, the standard 
deduction amounts under Sec. 63(c)(2) are as follows:


                                                               Standard
                        Filing Status                          Deduction

Married Individuals Filing Joint Returns and Surviving          $7,600
 Spouses (Sec.  1(a))
Heads of Households (Sec.  1(b))                                $6,650
Unmarried Individuals (Other Than Surviving Spouses and         $4,550
 Heads of Households) (Sec.  1(c))
Married Individuals Filing Separate Returns (Sec.  1(d))        $3,800


    (2) Dependent. For tax years beginning in 2001, the standard 
deduction amount under Sec. 63(c)(5) for an individual who may be 
claimed as a dependent by another taxpayer may not exceed the greater of 
$750, or the sum of $250 and the individual's earned income.
    (3) Aged and blind. For tax years beginning in 2001, the additional 
standard deduction amounts under Sec. 63(f) for the aged and for the 
blind are $900 for each. These amounts are increased to $1,100 if the 
individual is also unmarried and not a surviving spouse.
    .06 Overall Limitation on Itemized Deductions. For tax years 
beginning in 2001, the ``applicable amount'' of adjusted gross income 
under Sec. 68(b), above which the amount of otherwise allowable itemized 
deductions is reduced under Sec. 68, is $132,950 (or $66,475 for a 
separate return filed by a married individual).
    .07 Qualified Transportation Fringe. For tax years beginning in 
2001, the monthly limitation under Sec. 132(f)(2)(A), regarding the 
aggregate fringe benefit exclusion amount for transportation in a 
commuter highway vehicle and any transit pass, is $65. The monthly 
limitation under Sec. 132(f)(2)(B) regarding the fringe benefit 
exclusion amount for qualified parking is $180.
    .08 Income from United States Savings Bonds for Taxpayers Who Pay 
Qualified Higher Education Expenses. For tax years beginning in 2001, 
the exclusion under Sec. 135, regarding income from United States 
savings bonds for taxpayers who pay qualified higher education expenses, 
begins to phase out for modified adjusted gross income above $83,650 for 
joint returns and $55,750 for other returns. This exclusion completely 
phases out for modified adjusted gross income of $113,650 or more for 
joint returns and $70,750 or more for other returns.
    .09 Personal Exemption.
    (1) Exemption amount. For tax years beginning in 2001, the personal 
exemption amount under Sec. 151(d) is $2,900.
    (2) Phaseout. For tax years beginning in 2001, the personal 
exemption amount begins to phase out at, and is completely phased out 
after, the following adjusted gross income amounts:



                                                            Completed
            Filing Status                 Threshold      Phaseout Amount
                                       Phaseout Amount        After

Code Sec.  1(a)                           $199,450              $321,950
Code Sec.  1(b)                           $166,200              $288,700
Code Sec.  1(c)                           $132,950              $255,450
Code Sec.  1(d)                           $ 99,725              $160,975


    .10 Eligible Long-Term Care Premiums. For tax years beginning in 
2001, the limitations under Sec. 213(d), regarding eligible long-term 
care premiums includible in the term ``medical care,'' are as follows:


       Attained age before the close of the taxable year:

40 or less.....................................................   $  230
More than 40 but not more than 50..............................   $  430
More than 50 but not more than 60..............................   $  860
More than 60 but not more than 70..............................   $2,290
More than 70...................................................   $2,860


    .11 Medical Savings Accounts.
    (1) Self-only coverage. For tax years beginning in 2001, the term 
``high deductible health plan'' as defined in Sec. 220(c)(2)(A) means, 
in the case of self-only coverage, a health plan which has an annual 
deductible that is not less than $1,600 and not more than $2,400, and 
under which the annual out-of-pocket expenses required to be paid (other 
than for premiums) for covered benefits does not exceed $3,200.
    (2) Family coverage. For tax years beginning in 2001, the term 
``high deductible health plan'' means, in the case of family coverage, a 
health plan which has an annual deductible that is not less than $3,200 
and not more than $4,800, and under which the annual out-of-pocket 
expenses required to be paid (other than for premiums) for covered 
benefits does not exceed $5,850.
    .12 Treatment of Dues Paid to Agricultural or Horticultural 
Organizations. For tax years beginning in 2001, the limitation under 
Sec. 512(d)(1), regarding the exemption of annual dues required to be 
paid by a member to an agricultural or horticultural organization, is 
$116.
    .13 Insubstantial Benefit Limitations for Contributions Associated 
with Charitable Fund-Raising Campaigns.
    (1) Low cost article. For tax years beginning in 2001, the unrelated 
business income of certain exempt organizations under Sec. 513(h)(2) 
does not include a ``low cost article'' of $7.60 or less.
    (2) Other insubstantial benefits. For tax years beginning in 2001, 
the $5, $25, and $50 guidelines in section 3 of Rev. Proc. 90-12, 1990-1 
C.B. 471 (as amplified and modified), for disregarding the value of 
insubstantial benefits received by a donor in return for a fully 
deductible charitable contribution under Sec. 170, are $7.60, $38, and 
$76, respectively.
    .14 Funeral Trusts. For a contract entered into during calendar year 
2001 for a ``qualified funeral trust,'' as defined in Sec. 685, the 
trust may not accept aggregate contributions by or for the benefit of an 
individual in excess of $7,500.
    .15 Expatriation to Avoid Tax. For calendar year 2001, the 
thresholds used under Sec. 877(a)(2), regarding whether an individual's 
loss of United States citizenship had the avoidance of United States 
taxes as one of its principal purposes, are more than $115,000 for 
``average annual net income tax'' and $579,000 or more for ``net 
worth.''
    .16 Valuation of Qualified Real Property in Decedent's Gross Estate. 
For an estate of a decedent dying in calendar year 2001, if the executor 
elects to use the special use valuation method under Sec. 2032A for 
qualified real property, the aggregate decrease in the value of 
qualified real property resulting from electing to use Sec. 2032A that 
is taken into account for purposes of the estate tax may not exceed 
$800,000.
    .17 Annual Exclusion for Gifts.
    (1) For calendar year 2001, the first $10,000 of gifts to any person 
(other than gifts of future interests in property) are not included in 
the total amount of taxable gifts under Sec. 2503 made during that year.
    (2) For calendar year 2001, the first $106,000 of gifts to a spouse 
who is not a citizen of the United States (other than gifts of future 
interests in property) are not included in the total amount of taxable 
gifts under Secs. 2503 and 2523(i)(2) made during that year.
    .18 Generation-Skipping Transfer Tax Exemption. For calendar year 
2001, the generation-skipping transfer tax exemption under Sec. 2631, 
which is allowed in determining the ``inclusion ratio'' defined in 
Sec. 2642, is $1,060,000.
    .19 Luxury Automobile Excise Tax. For calendar year 2001, the excise 
tax under Secs. 4001 and 4003 is imposed on the first retail sale of a 
passenger vehicle (including certain parts or accessories installed 
within six months of the date after the vehicle was first placed in 
service), to the extent the price exceeds $38,000.
    .20 Passenger Air Transportation Excise Tax. For calendar year 2001, 
the tax under Sec. 4261(c) on any amount paid (whether within or without 
the United States) for any transportation of any person by air, if such 
transportation begins or ends in the United States, generally is $12.80. 
However, in the case of a domestic segment beginning or ending in Alaska 
or Hawaii as described in Sec. 4261(c)(3), the tax only applies to 
departures and is at the rate of $6.40.
    .21 Reporting Exception for Certain Exempt Organizations with 
Nondeductible Lobbying Expenditures. For tax years beginning in 2001, 
the annual per person, family, or entity dues limitation to qualify for 
the reporting exception under Sec. 6033(e)(3) (and section 5.05 of Rev. 
Proc. 98-19, 1998-7 I.R.B. 30), regarding certain exempt organizations 
with nondeductible lobbying expenditures, is $81 or less.
    .22 Notice of Large Gifts Received from Foreign Persons. For tax 
years beginning in 2001, recipients of gifts from certain foreign 
persons may have to report these gifts under Sec. 6039F if the aggregate 
value of gifts received in a taxable year exceeds $11,273.
    .23 Persons against Which a Federal Tax Lien is Not Valid. For 
calendar year 2001, a federal tax lien is not valid against (1) certain 
purchasers under Sec. 6323(b)(4) that purchased personal property in a 
casual sale for less than $1,100, or (2) a mechanic's lienor under 
Sec. 6323(b)(7) that repaired or improved certain residential property 
if the contract price with the owner is not more than $5,490.
    .24 Property Exempt from Levy. For calendar year 2001, the value of 
property exempt from levy under Sec. 6334(a)(2) (fuel, provisions, 
furniture, and other household personal effects, as well as arms for 
personal use, livestock, and poultry) may not exceed $6,560. The value 
of property exempt from levy under Sec. 6334(a)(3) (books and tools 
necessary for the trade, business, or profession of the taxpayer) may 
not exceed $3,280.
    .25 Interest on a Certain Portion of the Estate Tax Payable in 
Installments. For an estate of a decedent dying in calendar year 2001, 
the dollar amount used to determine the ``2-percent portion'' (for 
purposes of calculating interest under Sec. 6601(j)) of the estate tax 
payable in installments under Sec. 6166 is $1,060,000.
    .26 Attorney Fee Awards. For fees incurred in calendar year 2001, 
the attorney fee award limitation under Sec. 7430(c)(1)(B)(iii) is $140 
per hour.
    .27 Periodic Payments Received under Qualified Long-Term Care 
Insurance Contracts or under Certain Life Insurance Contracts. For 
calendar year 2001, the stated dollar amount of the per diem limitation 
under Sec. 7702B(d)(4), regarding periodic payments received under a 
qualified long-term care insurance contract or periodic payments 
received under a life insurance contract that are treated as paid by 
reason of the death of a chronically ill individual, is $200.
        Part II--Inflation-Adjusted Items Applicable if Pending 
    Legislation Is Not Enacted
    [Omitted.]
Section 4. Effective Date
    .01 General Rule. Except as provided in section 4.02, this revenue 
procedure applies to tax years beginning in 2001.
    .02 Calendar Year Rule. This revenue procedure applies to 
transactions or events occurring in calendar year 2001 for purposes of 
section 3.14 (funeral trusts), section 3.15 (expatriation to avoid tax), 
section 3.16 (valuation of qualified real property in decedent's gross 
estate), section 3.17 (annual exclusion for gifts), section 3.18 
(generation-skipping transfer tax exemption), section 3.19 (luxury 
automobile excise tax), section 3.20 (passenger air transportation 
excise tax), section 3.23 (persons against which a federal tax lien is 
not valid), section 3.24 (property exempt from levy), section 3.25 
(interest on a certain portion of the estate tax payable in 
installments), section 3.26 (attorney fee awards), and section 3.27 
(periodic payments received under qualified long-term care insurance 
contracts or under certain life insurance contracts).

                     Tax Tables for Prior Tax Years

    Inflation adjusted items for certain prior tax years were contained 
in the following:
    Revenue Procedure 99-42 provided inflation adjusted items for tax 
years beginning in 2000.
    Revenue Procedure 98-61 provided inflation adjusted items for tax 
years beginning in 1999.
    Revenue Procedure 97-57 provided inflation adjusted items for tax 
years beginning in 1998.
    Revenue Procedure 96-59 provided inflation adjusted items for tax 
years beginning in 1997.
    Revenue Procedure 95-53 provided inflation adjusted items for tax 
years beginning in 1996.
    Revenue Procedure 94-72 provided inflation adjusted items for tax 
years beginning in 1995.
    Revenue Procedure 93-49 provided inflation adjusted items for tax 
years beginning in 1994.
    Revenue Procedure 92-102 provided inflation adjusted items for tax 
years beginning in 1993.
    Revenue Procedure 91-65 provided inflation adjusted items for tax 
years beginning in 1992.
    Revenue Procedure 90-64 provided inflation adjusted items for tax 
years beginning in 1991.
    Revenue Procedure 90-7 provided inflation adjusted items for tax 
years beginning in 1990.
    Revenue Procedure 88-56 provided inflation adjusted items for tax 
years beginning in 1989.
    Revenue Procedure 85-55 provided income tax cost-of-living 
adjustment (indexing) factor with respect to taxable years beginning in 
1986.
    Revenue Procedure 84-79 provided income tax cost-of-living 
adjustment (indexing) factor with respect to taxable years beginning in 
1985.

                       References in Text

    The enactment of this clause, referred to in subsec. 
(h)(13)(A)(iii), means the date of enactment of Pub. L. 105-206, which 
was approved July 22, 1998.


                               Amendments

    2000--Subsec.(h)(8). Pub. L. 106-554 substituted ``means the excess 
of--'' and subpars. (A) and (B) for ``means an amount equal to the gain 
excluded from gross income under section 1202(a).''
    1998--Subsec. (g)(3)(C), (D). Pub. L. 105-206, Sec. 6007(f)(1), 
redesignated subpar. (D) as (C) and struck out heading and text of 
former subpar. (C). Text read as follows: ``If tax is imposed under 
section 644(a)(1) with respect to the sale or exchange of any property 
of which the parent was the transferor, for purposes of applying 
subparagraph (A) to the taxable year of the parent in which such sale or 
exchange occurs--
        ``(i) taxable income of the parent shall be increased by the 
    amount treated as included in gross income under section 
    644(a)(2)(A)(i), and
        ``(ii) the amount described in subparagraph (A)(ii) shall be 
    increased by the amount of the excess referred to in section 
    644(a)(2)(A).''
    Subsec. (h). Pub. L. 105-206, Sec. 6005(d)(1), reenacted subsec. 
heading without change and amended text of subsec. (h) generally, 
substituting present provisions comprising pars. (1) to (13) for former 
similar provisions comprising pars. (1) to (11).
    Subsec. (h)(5). Pub. L. 105-206, Sec. 5001(a)(1), amended par. (5) 
generally. Prior to amendment, par. (5) read as follows:
    ``(5) 28-percent rate gain.--For purposes of this subsection--
        ``(A) In general.--The term `28-percent rate gain' means the 
    excess (if any) of--
            ``(i) the sum of--
                ``(I) the aggregate long-term capital gain from property 
            held for more than 1 year but not more than 18 months;
                ``(II) collectibles gain; and
                ``(III) section 1202 gain, over
            ``(ii) the sum of--
                ``(I) the aggregate long-term capital loss (not 
            described in subclause (IV)) from property referred to in 
            clause (i)(I);
                ``(II) collectibles loss;
                ``(III) the net short-term capital loss; and
                ``(IV) the amount of long-term capital loss carried 
            under section 1212(b)(1)(B) to the taxable year.
        ``(B) Special rules.--
            ``(i) Short sale gains and holding periods.--Rules similar 
        to the rules of section 1233(b) shall apply where the 
        substantially identical property has been held more than 1 year 
        but not more than 18 months; except that, for purposes of such 
        rules--
                ``(I) section 1233(b)(1) shall be applied by 
            substituting `18 months' for `1 year' each place it appears; 
            and
                ``(II) the holding period of such property shall be 
            treated as being 1 year on the day before the earlier of the 
            date of the closing of the short sale or the date such 
            property is disposed of.
            ``(ii) Long-term losses.--Section 1233(d) shall be applied 
        separately by substituting `18 months' for `1 year' each place 
        it appears.
            ``(iii) Options.--A rule similar to the rule of section 
        1092(f) shall apply where the stock was held for more than 18 
        months.
            ``(iv) Section 1256 contracts.--Amounts treated as long-term 
        capital gain or loss under section 1256(a)(3) shall be treated 
        as attributable to property held for more than 18 months.''
    Subsec. (h)(6)(A). Pub. L. 105-206, Sec. 5001(a)(2), substituted ``1 
year'' for ``18 months''.
    Subsec. (h)(7)(A)(i), (ii). Pub. L. 105-206, Sec. 5001(a)(3), 
amended cls. (i) and (ii) generally. Prior to amendment, cls. (i) and 
(ii) read as follows:
    ``(i) the amount of long-term capital gain (not otherwise treated as 
ordinary income) which would be treated as ordinary income if--
        ``(I) section 1250(b)(1) included all depreciation and the 
    applicable percentage under section 1250(a) were 100 percent, and
        ``(II) only gain from property held for more than 18 months were 
    taken into account, over
    ``(ii) the excess (if any) of--
        ``(I) the amount described in paragraph (5)(A)(ii), over
        ``(II) the amount described in paragraph (5)(A)(i).''
    Subsec. (h)(13). Pub. L. 105-206, Sec. 5001(a)(4), struck out ``for 
periods during 1997'' after ``Special rules'' in par. heading and 
amended headings and text of subpars. (A) and (B) generally. Prior to 
amendment, subpars. (A) and (B) read as follows:
    ``(A) Determination of 28-percent rate gain.--In applying paragraph 
(5)--
        ``(i) the amount determined under subclause (I) of paragraph 
    (5)(A)(i) shall include long-term capital gain (not otherwise 
    described in paragraph (5)(A)(i)) which is properly taken into 
    account for the portion of the taxable year before May 7, 1997;
        ``(ii) the amounts determined under subclause (I) of paragraph 
    (5)(A)(ii) shall include long-term capital loss (not otherwise 
    described in paragraph (5)(A)(ii)) which is properly taken into 
    account for the portion of the taxable year before May 7, 1997; and
        ``(iii) clauses (i)(I) and (ii)(I) of paragraph (5)(A) shall be 
    applied by not taking into account any gain and loss on property 
    held for more than 1 year but not more than 18 months which is 
    properly taken into account for the portion of the taxable year 
    after May 6, 1997, and before July 29, 1997.
    ``(B) Other special rules.--
        ``(i) Determination of unrecaptured section 1250 gain not to 
    include pre-may 7, 1997 gain.--The amount determined under paragraph 
    (7)(A)(i) shall not include gain properly taken into account for the 
    portion of the taxable year before May 7, 1997.
        ``(ii) Other transitional rules for 18-month holding period.--
    Paragraphs (6)(A) and (7)(A)(i)(II) shall be applied by substituting 
    `1 year' for `18 months' with respect to gain properly taken into 
    account for the portion of the taxable year after May 6, 1997, and 
    before July 29, 1997.''
    Subsec. (h)(13)(B). Pub. L. 105-277, Sec. 4002(i)(1), substituted 
``paragraph (7)(A)(i)'' for ``paragraph (7)(A)'' in introductory 
provisions.
    Subsec. (h)(13)(D). Pub. L. 105-277, Sec. 4002(i)(3), added subpar. 
(D).
    1997--Subsec. (h). Pub. L. 105-34 amended heading and text of 
subsec. (h) generally. Prior to amendment, text read as follows: ``If a 
taxpayer has a net capital gain for any taxable year, then the tax 
imposed by this section shall not exceed the sum of--
        ``(1) a tax computed at the rates and in the same manner as if 
    this subsection had not been enacted on the greater of--
            ``(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).
For purposes of the preceding sentence, the net capital gain for any 
taxable year shall be reduced (but not below zero) by the amount which 
the taxpayer elects to take into account as investment income for the 
taxable year under section 163(d)(4)(B)(iii).''
    1996--Subsec. (g)(7)(A)(ii). Pub. L. 104-188, Sec. 1704(m)(1), 
amended cl. (ii) generally. Prior to amendment, cl. (ii) read as 
follows: ``such gross income is more than $500 and less than $5,000,''.
    Subsec. (g)(7)(B)(i). Pub. L. 104-188, Sec. 1704(m)(2)(A), 
substituted ``twice the amount described in paragraph (4)(A)(ii)(I)'' 
for ``$1,000''.
    Subsec. (g)(7)(B)(ii)(II). Pub. L. 104-188, Sec. 1704(m)(2)(B), 
amended subcl. (II) generally. Prior to amendment, subcl. (II) read as 
follows: ``for each such child, the lesser of $75 or 15 percent of the 
excess of the gross income of such child over $500, and''.
    1993--Subsecs. (a) to (e). Pub. L. 103-66, Secs. 13201(a), 13202(a), 
amended subsecs. (a) to (e) generally, substituting five-tiered tax 
tables for all categories applicable to tax years after December 31, 
1992, for prior three-tiered tax tables.
    Subsec. (f)(1). Pub. L. 103-66, Sec. 13201(b)(3)(A)(i), substituted 
``1993'' for ``1990''.
    Subsec. (f)(3)(B). Pub. L. 103-66, Sec. 13201(b)(3)(A)(ii), 
substituted ``1992'' for ``1989''.
    Subsec. (f)(7). Pub. L. 103-66, Sec. 13201(b)(3)(B), added par. (7).
    Subsec. (h). Pub. L. 103-66, Sec. 13206(d)(2), inserted as 
concluding provision at end ``For purposes of the preceding sentence, 
the net capital gain for any taxable year shall be reduced (but not 
below zero) by the amount which the taxpayer elects to take into account 
as investment income for the taxable year under section 
163(d)(4)(B)(iii).''
    1990--Subsecs. (a) to (e). Pub. L. 101-508, Sec. 11101(a), amended 
subsecs. (a) to (e) generally, substituting three-tiered tax tables for 
all categories applicable to tax years after Dec. 31, 1990, for prior 
two-tiered tax tables.
    Subsec. (f)(1). Pub. L. 101-508, Sec. 11101(d)(1)(A)(i), substituted 
``1990'' for ``1988''.
    Subsec. (f)(3)(B). Pub. L. 101-508, Sec. 11101(d)(1)(A)(ii), 
substituted ``1989'' for ``1987''.
    Subsec. (f)(6)(A). Pub. L. 101-508, Sec. 11104(b)(1), substituted 
``section 151(d)(4)'' for ``section 151(d)(3)''.
    Pub. L. 101-508, Sec. 11103(c), inserted reference to section 
68(b)(2).
    Pub. L. 101-508, Sec. 11101(b)(2), struck out ``subsection (g)(4),'' 
after ``paragraph (2)(A),''.
    Subsec. (f)(6)(B). Pub. L. 101-508, Sec. 11104(b)(2), substituted 
``section 151(d)(4)(A)'' for ``section 151(d)(3)''.
    Subsec. (g). Pub. L. 101-508, Sec. 11101(d)(2), redesignated subsec. 
(i) as (g).
    Pub. L. 101-508, Sec. 11101(b)(1), struck out subsec. (g) which 
provided for phaseout of 15-percent rate and personal exemptions.
    Subsec. (h). Pub. L. 101-508, Sec. 11101(d)(2), redesignated subsec. 
(j) as (h) and struck out former subsec. (h) which provided tax 
schedules for taxable years beginning in 1987.
    Subsec. (i). Pub. L. 101-508, Sec. 11101(d)(2), redesignated subsec. 
(i) as (g).
    Subsec. (j). Pub. L. 101-508, Sec. 11101(d)(2), redesignated subsec. 
(j) as (h).
    Pub. L. 101-508, Sec. 11101(c), amended subsec. (j) generally. Prior 
to amendment, subsec. (j) read as follows:
    ``(1) In general.--If a taxpayer has a net capital gain for any 
taxable year to which this subsection applies, then the tax imposed by 
this section shall not exceed the sum of--
        ``(A) a tax computed at the rates and in the same manner as if 
    this subsection had not been enacted on the greater of--
            ``(i) the taxable income reduced by the amount of net 
        capital gain, or
            ``(ii) the amount of taxable income taxed at a rate below 28 
        percent, plus
        ``(B) a tax of 28 percent of the amount of taxable income in 
    excess of the amount determined under subparagraph (A), plus
        ``(C) the amount of increase determined under subsection (g).
    ``(2) Years to which subsection applies.--This subsection shall 
apply to--
        ``(A) any taxable year beginning in 1987, and
        ``(B) any taxable year beginning after 1987 if the highest rate 
    of tax set forth in subsection (a), (b), (c), (d), or (e) (whichever 
    applies) for such taxable year exceeds 28 percent.''
    1989--Subsec. (f)(6)(B). Pub. L. 101-239, Sec. 7831(a), substituted 
``subsection (c)(4) of section 63 (as it applies to subsections 
(c)(5)(A) and (f) of such section) and section 151(d)(3)'' for ``section 
63(c)(4)''.
    Subsec. (i)(3)(C), (D). Pub. L. 101-239, Sec. 7811(j)(1), 
redesignated subpar. (C), relating to special rule where parent has 
different taxable year, as (D).
    Subsec. (i)(7)(A). Pub. L. 101-239, Sec. 7816(b), inserted ``(other 
than for purposes of this paragraph)'' after ``shall be treated'' in 
concluding provisions.
    1988--Subsec. (g)(2). Pub. L. 100-647, Sec. 1001(a)(3), inserted 
provision relating to application of subpar. (B) at end of last 
sentence.
    Subsec. (i)(3)(A). Pub. L. 100-647, Sec. 1014(e)(2), substituted 
``any exclusion, deduction, or credit'' for ``any deduction or credit''.
    Subsec. (i)(3)(C). Pub. L. 100-647, Sec. 1014(e)(7), added subpar. 
(C) relating to special rule where parent has different taxable year.
    Pub. L. 100-647, Sec. 1014(e)(1), added subpar. (C) relating to 
coordination with section 644.
    Subsec. (i)(4)(A)(i). Pub. L. 100-647, Sec. 1014(e)(3)(A), 
substituted ``adjusted gross income'' for ``gross income'' and inserted 
``attributable to'' after ``which is not''.
    Subsec. (i)(4)(A)(ii)(II). Pub. L. 100-647, Sec. 1014(e)(3)(B)-(D), 
substituted ``his deductions'' for ``his deduction'', ``the itemized 
deductions allowed'' for ``the deductions allowed'', and ``adjusted 
gross income'' for ``gross income''.
    Subsec. (i)(5)(A). Pub. L. 100-647, Sec. 1014(e)(6), substituted 
``custodial parent (within the meaning of section 152(e))'' for 
``custodial parent''.
    Subsec. (i)(7). Pub. L. 100-647, Sec. 6006(a), added par. (7).
    1986--Subsecs. (a) to (e). Pub. L. 99-514, Sec. 101(a), in amending 
subsecs. (a) to (e) generally, substituted a general tax table for tax 
tables (1), (2), and (3) in each subsec. applicable to taxable years 
beginning in 1982, 1983, and after 1983, respectively.
    Subsec. (f). Pub. L. 99-514, Sec. 101(a), in amending subsec. (f) 
generally, in par. (1) substituted ``1988,'' for ``1984'' and struck out 
``paragraph (3) of'' before ``subsections'', in par. (2) struck out 
``paragraph (3) of'' before ``subsection'' in introductory provisions, 
substituted subpars. (A) to (C) for former subpars. (A) to (C) which 
read as follows:
        ``(A) by increasing--
            ``(i) the maximum dollar amount on which no tax is imposed 
        under such table, and
            ``(ii) the minimum and maximum dollar amounts for each rate 
        bracket for which a tax is imposed under such table,
    by the cost-of-living adjustment for such calendar year,
        ``(B) by not changing the rate applicable to any rate bracket as 
    adjusted under subparagraph (A)(ii), and
        ``(C) by adjusting the amounts setting forth the tax to the 
    extent necessary to reflect the adjustments in the rate brackets.'',
and struck out concluding provisions which read as follows: ``If any 
increase determined under subparagraph (A) is not a multiple of $10, 
such increase shall be rounded to the nearest multiple of $10 (or if 
such increase is a multiple of $5, such increase shall be increased to 
the next highest multiple of $10).'', in par. (3)(B) substituted 
``1987'' for ``1983'', in par. (4) substituted ``August 31'' for 
``September 30'', in par. (5) inserted requirement that the Consumer 
Price Index most consistent with such Index for calendar year 1986 be 
used, and added par. (6).
    Subsecs. (g), (h). Pub. L. 99-514, Sec. 101(a), in amending section 
generally, added subsecs. (g) and (h).
    Subsec. (i). Pub. L. 99-514, Sec. 1411(a), added subsec. (i).
    Subsec. (j). Pub. L. 99-514, Sec. 302(a), added subsec. (j).
    1982--Subsecs. (d), (e). Pub. L. 97-448, Sec. 101(a)(3), set out as 
a note below, provided for amendment of the tables applying to married 
individuals filing separately or to estates and trusts so as to correct 
any figure differing by not more than 50 cents from the correct amount 
under the formula used in constructing such table. Corrections to the 
tables in subsecs. (d) and (e) appeared in Announcement 83-50 contained 
in Internal Revenue Bulletin No. 1983-12 of Mar. 21, 1983.
    1981--Subsecs. (a) to (e). Pub. L. 97-34, Sec. 101(a), generally 
revised tax tables downward providing for cumulative across-the-board 
reductions of 23 percent on a three phase schedule under which different 
new rates were set for taxable years beginning in 1982, for taxable 
years beginning in 1983, and for taxable years beginning after 1983.
    Subsec. (f). Pub. L. 97-34, Sec. 104(a), added subsec. (f).
    1978--Subsec. (a). Pub. L. 95-600 generally made a downward revision 
of tax table for married individuals filing joint returns and surviving 
spouses resulting in a table under which, among other changes, a bottom 
bracket imposing no tax on taxable income of $3,400 or less was 
substituted for a bottom bracket imposing no tax on taxable income of 
$3,200 or less.
    Subsec. (b). Pub. L. 95-600 generally made a downward revision of 
tax table for heads of household resulting in a table under which, among 
other changes, a bottom bracket imposing no tax on taxable income of 
$2,300 or less was substituted for a bottom bracket imposing no tax on 
taxable income of $2,200 or less.
    Subsec. (c). Pub. L. 95-600 generally made a downward revision of 
tax table for unmarried individuals other than surviving spouses and 
heads of households resulting in a table under which, among other 
changes, a bottom bracket imposing no tax on taxable income of $2,300 or 
less was substituted for a bottom bracket imposing no tax on taxable 
income of $2,200 or less.
    Subsec. (d). Pub. L. 95-600 generally made a downward revision of 
tax tables for married individuals filing separate returns resulting in 
a table under which, among other changes, a bottom bracket imposing no 
tax on taxable income of $1,700 or less was substituted for a bottom 
bracket imposing no tax on taxable income of $1,600 or less.
    Subsec. (e). Pub. L. 95-600 generally made a downward revision of 
tax tables for estates and trusts resulting in a table under which, 
among other changes, a bottom bracket under which a tax of 14% is 
imposed on taxable income of $1,050 for a bottom bracket under which a 
tax of 14% was imposed on taxable income of $500 or less.
    1977--Subsec. (a). Pub. L. 95-30 generally made a downward revision 
of tax table for married individuals filing joint returns and surviving 
spouses resulting in a table under which, among other changes, a bottom 
bracket imposing no tax on taxable income of $3,200 or less was 
substituted for a bottom bracket under which a tax of 14% had been 
imposed on a taxable income of $1,000 or less.
    Subsec. (b). Pub. L. 95-30 generally made a downward revision of tax 
table for heads of households resulting in a table under which, among 
other changes, a bottom bracket imposing no tax on taxable income of 
$2,200 or less was substituted for a bottom bracket under which a tax of 
14% had been imposed on a taxable income of $1,000 or less.
    Subsec. (c). Pub. L. 95-30 generally made a downward revision of tax 
table for unmarried individuals other than surviving spouses and heads 
of households resulting in a table under which, among other changes, a 
bottom bracket imposing no tax on taxable income of $2,200 or less was 
substituted for a bottom bracket under which a tax of 14% had been 
imposed on a taxable income of $500 or less.
    Subsec. (d). Pub. L. 95-30 generally made a downward revision of tax 
table for married individuals filing separate returns resulting in a 
table under which, among other changes, a bottom bracket imposing no tax 
on taxable income of $1,600 or less was substituted for a bottom bracket 
under which a tax of 14% had been imposed on a taxable income of $500 or 
less. Provisions making table applicable to estates and trusts were 
struck out. See subsec. (e).
    Subsec. (e). Pub. L. 95-30 added subsec. (e) consisting of table 
formerly contained in subsec. (d) but without any downward revision and 
limited so as to apply only to estates and trusts.
    1969--Subsec. (a). Pub. L. 91-172 substituted a table of rates of 
tax for married individuals filing joint returns and surviving spouses 
for the tables of rates of tax on individuals. For rates of taxes on 
unmarried individuals and married persons filing separate returns, see 
subsecs. (c) and (d) of this section.
    Subsec. (b). Pub. L. 91-172 generally revised rates of tax of heads 
of household downwards and struck out provisions defining head of 
household, determination of status, and limitations. For definition of 
head of household, determination of status, and limitations, see section 
2(b) of this title.
    Subsec. (c). Pub. L. 91-172 substituted rates of tax on unmarried 
individuals (other than surviving spouses and heads of household) for 
special rules explaining the rates of tax imposed under former subsecs. 
(a) and (b)(1) and prescribing a maximum limit of 87 percent of the 
taxable year.
    Subsec. (d). Pub. L. 91-172 substituted a table of rates of tax for 
married individuals filing separate returns for provision prescribing 
the applicability of the rates to non-resident aliens. For applicability 
of rates of tax to non-resident aliens, see section 2(d) of this title.
    Subsec. (e). Pub. L. 91-172 struck out cross reference to section 
63. See section 2(e) of this title.
    1966--Subsecs. (d), (e). Pub. L. 89-809 added subsec. (d) and 
redesignated former subsec. (d) as (e).
    1964--Pub. L. 88-272 amended section generally by splitting the 
former first bracket which started at $2,000 into four new brackets, the 
14 percent bracket representing a 30 percent reduction, the 15 percent 
bracket a 25 percent cut, and the 16 percent bracket a 20 percent cut, 
and reducing all other brackets by cuts averaging about 20 percent and 
effectuated these cuts in two steps, one in 1964, and one in 1965.


                    Effective Date of 2000 Amendment

    Pub. L. 106-554, Sec. 1(a)(7) [title I, Sec. 117(c)], Dec. 21, 2000, 
114 Stat. 2763, 2763A-605, provided that: ``The amendments made by this 
section [amending this section and section 1202 of this title] shall 
apply to stock acquired after the date of the enactment of this Act 
[Dec. 21, 2000].''


                    Effective Date of 1998 Amendments

    Pub. L. 105-277, div. J, title IV, Sec. 4002(k), Oct. 21, 1998, 112 
Stat. 2681-908, provided that: ``The amendments made by this section 
[amending this section and sections 408A, 6015, 6103, 6159, 7421, 7443A, 
and 7491 of this title and amending provisions set out as a note under 
section 6601 of this title] shall take effect as if included in the 
provisions of the 1998 Act [Pub. L. 105-206] to which they relate.''
    Pub. L. 105-206, title V, Sec. 5001(b), July 22, 1998, 112 Stat. 
788, provided that:
    ``(1) In general.--Except as provided in paragraph (2), the 
amendments made by this section [amending this section and sections 1223 
and 1235 of this title] shall apply to taxable years ending after 
December 31, 1997.
    ``(2) Subsection (a)(5).--The amendments made by subsection (a)(5) 
[amending sections 1223 and 1235 of this title] shall take effect on 
January 1, 1998.''
    Pub. L. 105-206, title VI, Sec. 6024, July 22, 1998, 112 Stat. 826, 
provided that: ``Except as otherwise provided in this title [see Tables 
for classification], the amendments made by this title shall take effect 
as if included in the provisions of the Taxpayer Relief Act of 1997 
[Pub. L. 105-34] to which they relate.''


                    Effective Date of 1997 Amendment

    Section 311(d) of Pub. L. 105-34 provided that:
    ``(1) In general.--Except as provided in paragraph (2), the 
amendments made by this section [amending this section, sections 55, 57, 
904, 1445, and 7518 of this title, and section 1177 of Title 46, 
Appendix, Shipping] shall apply to taxable years ending after May 6, 
1997.
    ``(2) Withholding.--The amendment made by subsection (c)(1) 
[amending section 1445 of this title] shall apply only to amounts paid 
after the date of the enactment of this Act [Aug. 5, 1997].''


                    Effective Date of 1996 Amendment

    Section 1704(m)(4) of Pub. L. 104-188 provided that: ``The 
amendments made by this subsection [amending this section and section 59 
of this title] shall apply to taxable years beginning after December 31, 
1995.''


                    Effective Date of 1993 Amendment

    Section 13201(c) of Pub. L. 103-66 provided that: ``The amendments 
made by this section [amending this section and sections 41, 63, 68, 
132, 151, 453A, 513, 531, and 541 of this title] shall apply to taxable 
years beginning after December 31, 1992.''
    Section 13202(c) of Pub. L. 103-66 provided that: ``The amendments 
made by this section [amending this section and sections 531 and 541 of 
this title] shall apply to taxable years beginning after December 31, 
1992.''
    Section 13206(d)(3) of Pub. L. 103-66 provided that: ``The 
amendments made by this subsection [amending this section and section 
163 of this title] shall apply to taxable years beginning after December 
31, 1992.''


                    Effective Date of 1990 Amendment

    Section 11101(e) of Pub. L. 101-508 provided that: ``The amendments 
made by this section [amending this section, sections 32, 41, 59, 63, 
135, 151, 513, 691, 904, 6103, and 7518 of this title, and section 1177 
of Title 46, Appendix, Shipping] shall apply to taxable years beginning 
after December 31, 1990.''
    Section 11103(e) of Pub. L. 101-508 provided that: ``The amendments 
made by this section [enacting section 68 of this title and amending 
this section and section 56 of this title] shall apply to taxable years 
beginning after December 31, 1990.''
    Section 11104(c) of Pub. L. 101-508 provided that: ``The amendments 
made by this section [amending this section and section 151 of this 
title] shall apply to taxable years beginning after December 31, 1990.''


                    Effective Date of 1989 Amendment

    Section 7817 of Pub. L. 101-239 provided that: ``Except as otherwise 
provided in this part [part I (Secs. 7811-7817) of subtitle H of title 
VII of Pub. L. 101-239, see Tables for classification], any amendment 
made by this part shall take effect as if included in the provision of 
the 1988 Act [Pub. L. 100-647] to which such amendment relates.''
    Section 7831(g) of Pub. L. 101-239 provided that: ``Any amendment 
made by this section [amending this section and sections 42, 406, 407, 
and 1250 of this title and provisions set out as notes under sections 
141 and 263A of this title] shall take effect as if included in the 
provision of the Tax Reform Act of 1986 [Pub. L. 99-514] to which such 
amendment relates.''


                    Effective Date of 1988 Amendment

    Section 1019 of title I of Pub. L. 100-647 provided that:
    ``(a) General Rule.--Except as otherwise provided in this title, any 
amendment made by this title [see Tables for classification], shall take 
effect as if included in the provision of the Reform Act [Pub. L. 99-
514] to which such amendment relates.
    ``(b) Waiver of Estimated Tax Penalties.--No addition to tax shall 
be made under section 6654 or 6655 of the 1986 Code for any period 
before April 16, 1989 (March 16, 1989 in the case of a taxpayer subject 
to section 6655 of the 1986 Code) with respect to any underpayment to 
the extent such underpayment was created or increased by any provision 
of this title or title II [see Tables for classification].''
    Section 6006(b) of Pub. L. 100-647 provided that: ``The amendment 
made by this section [amending this section] shall apply to taxable 
years beginning after December 31, 1988.''


                    Effective Date of 1986 Amendment

    Section 151 of title I of Pub. L. 99-514 provided that:
    ``(a) General Rule.--Except as otherwise provided in this section, 
the amendments made by this title [enacting section 67 of this title, 
amending this section, sections 3, 5, 15, 21, 32, 62, 63, 74, 85, 86, 
102, 108, 117, 129, 151, 152, 164, 170, 172, 183, 213, 265, 274, 280A, 
402, 441, 443, 527, 541, 613A, 642, 667, 861, 862, 901, 904, 1398, 1441, 
2032A, 3121, 3231, 3306, 3401, 3402, 3507, 4941, 4945, 6012 to 6014, 
6212, 6504, 6511, and 7871 of this title, and section 409 of Title 42, 
The Public Health and Welfare, renumbering section 223 of this title as 
section 220 of this title, repealing sections 24, 221, 222, and 1301 to 
1305 of this title, and enacting provisions set out as a note under 
section 32 of this title] shall apply to taxable years beginning after 
December 31, 1986.
    ``(b) Unemployment Compensation.--The amendment made by section 121 
[amending section 85 of this title] shall apply to amounts received 
after December 31, 1986, in taxable years ending after such date.
    ``(c) Prizes and Awards.--The amendments made by section 122 
[amending sections 74, 102, 274, 3121, 3231, 3306, 3401, 4941, and 4945 
of this title and section 409 of Title 42, The Public Health and 
Welfare] shall apply to prizes and awards granted after December 31, 
1986.
    ``(d) Scholarships.--The amendments made by section 123 [amending 
sections 74, 117, 1441, and 7871 of this title] shall apply to taxable 
years beginning after December 31, 1986, but only in the case of 
scholarships and fellowships granted after August 16, 1986.
    ``(e) Parsonage and Military Housing Allowances.--The amendment made 
by section 144 [amending section 265 of this title] shall apply to 
taxable years beginning before, on, or after, December 31, 1986.''
    Section 302(b) of Pub. L. 99-514 provided that: ``The amendment made 
by this section [amending this section] shall apply to taxable years 
beginning after December 31, 1986.''
    Section 1411(c) of Pub. L. 99-514 provided that: ``The amendments 
made by this section [amending this section and section 6103 of this 
title] shall apply to taxable years beginning after December 31, 1986.''


                    Effective Date of 1983 Amendment

    Section 109 of title I of Pub. L. 97-448 provided that: ``Except as 
otherwise provided in this title, any amendment made by this title [see 
Tables for classification] shall take effect as if it had been included 
in the provision of the Economic Recovery Tax Act of 1981 [Pub. L. 97-
34, Aug. 13, 1981, 95 Stat. 172] to which such amendment relates.''


                    Effective Date of 1981 Amendment

    Section 101(f)(1) of Pub. L. 97-34, as amended by Pub. L. 97-448, 
title I, Sec. 101(a)(1), Jan. 12, 1983, 96 Stat. 2365, provided that: 
``The amendments made by subsections (a), (c), and (d) [amending this 
section and sections 3, 21, 55, 541, and 1304 of this title and 
repealing section 1348 of this title] shall apply to taxable years 
beginning after December 31, 1981; except that the amendment made by 
paragraph (3) of subsection (d) [amending section 21 of this title] 
shall apply to taxable years ending after December 31, 1981.''
    Section 104(e) of Pub. L. 97-34 provided that: ``The amendments made 
by this section [amending this section and sections 63, 151, 6012, and 
6013 of this title] shall apply to taxable years beginning after 
December 31, 1984.''


                    Effective Date of 1978 Amendment

    Section 101(f)(1) of Pub. L. 95-600 provided that: ``The amendments 
made by subsections (a), (b), (c), and (d) [amending sections 63, 402, 
1302, and 6012 of this title] shall apply to taxable years beginning 
after December 31, 1978.''


                    Effective Date of 1977 Amendment

    Section 106(a) of Pub. L. 95-30 provided that: ``The amendments made 
by sections 101, 102, and 104 [amending this section and sections 3, 21, 
42, 57, 63, 143, 161, 172, 211, 402, 441, 443, 511, 584, 613A, 641, 642, 
667, 703, 861, 862, 873, 904, 911, 931, 1034, 1211, 1302, 6012, 6014, 
6212, 6504, and 6654 of this title and repealing sections 36, 141, 142, 
144, and 145 of this title] shall apply to taxable years beginning after 
December 31, 1976.''


                    Effective Date of 1969 Amendment

    Section 803(f) of Pub. L. 91-172, as amended by Pub. L. 99-514, 
Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that: ``The amendments 
made by subsections (a) [amending this section], (b) [amending section 2 
of this title], and (d) (other than paragraphs (1) and (8)) [amending 
sections 5, 511, 632, 641, 1347, and 6015 of this title] shall apply to 
taxable years beginning after December 31, 1970, except that section 
2(c) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] 
[section 2(c) of this title], as amended by subsection (b), shall also 
apply to taxable years beginning after December 31, 1969. The amendments 
made by subsections (c) [amending section 3 of this title], (d)(1) 
[amending section 6014 of this title], and (d)(8) [amending section 1304 
of this title] shall apply to taxable years beginning after December 31, 
1969''.


                    Effective Date of 1966 Amendment

    Section 103(n) of Pub. L. 89-809 provided that:
        ``(1) The amendments made by this section (other than the 
    amendments made by subsections (h), (i), and (k)) [enacting section 
    877 of this title, amending this section and sections 116, 154, 871, 
    872, 873, 874, 875, 932, 6015, and 7701 of this title, renumbering 
    section 877 as 878, and repealing section 1493 of this title] shall 
    apply with respect to taxable years beginning after December 31, 
    1966.
        ``(2) The amendments made by subsection (h) [amending section 
    1441 of this title] shall apply with respect to payments made in 
    taxable years of recipients beginning after December 31, 1966.
        ``(3) The amendments made by subsection (i) [amending section 
    1461 of this title] shall apply with respect to payments occurring 
    after December 31, 1966.
        ``(4) The amendments made by subsection (k) [amending section 
    3401 of this title] shall apply with respect to remuneration paid 
    after December 31, 1966.''


                    Effective Date of 1964 Amendment

    Section 131 of Pub. L. 88-272, as amended by Pub. L. 99-514, Sec. 2, 
Oct. 22, 1986, 100 Stat. 2095, provided that: ``Except for purposes of 
section 21 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] 
(relating to effect of changes in rates during a taxable year), the 
amendments made by parts I and II of this title [amending this section 
and sections 2, 11, 37, 141, 144, 242, 821, 871, 963, 6016, 6074, 6154, 
6212, 6504, and 6655 of this title] shall apply with respect to taxable 
years beginning after December 31, 1963.''


                     Short Title of 2000 Amendments

    Pub. L. 106-573, Sec. 1, Dec. 28, 2000, 114 Stat. 3061, provided 
that: ``This Act [amending section 453 of this title and enacting 
provisions set out as a note under section 453 of this title] may be 
cited as the `Installment Tax Correction Act of 2000'.''
    Pub. L. 106-554, Sec. 1(a)(7) [Sec. 1(a)], Dec. 21, 2000, 114 Stat. 
2763, 2763A-587, provided that: ``This Act [H.R. 5662, as enacted by 
section 1(a)(7) of Pub. L. 106-554, see Tables for classification] may 
be cited as the `Community Renewal Tax Relief Act of 2000'.''
    Pub. L. 106-519, Sec. 1(a), Nov. 15, 2000, 114 Stat. 2423, provided 
that: ``This Act [enacting sections 114 and 941 to 943 of this title, 
amending sections 56, 275, 864, 903 and 999 of this title, and repealing 
sections 921 to 927 of this title] may be cited as the `FSC Repeal and 
Extraterritorial Income Exclusion Act of 2000'.''
    Pub. L. 106-476, title IV, Sec. 4001, Nov. 9, 2000, 114 Stat. 2176, 
provided that: ``This title [enacting sections 1681 to 1681b of Title 
19, Customs Duties, amending sections 5704, 5754, and 5761 of this 
title, and enacting provisions set out as notes under sections 5704 and 
5761 of this title and section 1681 of Title 19] may be cited as the 
`Imported Cigarette Compliance Act of 2000'.''


                      Short Title of 1999 Amendment

    Pub. L. 106-170, title V, Sec. 500, Dec. 17, 1999, 113 Stat. 1918, 
provided that: ``This title [see Tables for classification] may be cited 
as the `Tax Relief Extension Act of 1999'.''


                     Short Title of 1998 Amendments

    Pub. L. 105-277, div. J, Sec. 1000(a), Oct. 21, 1998, 112 Stat. 
2681-886, provided that: ``This division [Secs. 1000-5301, see Tables 
for classification] may be cited as the `Tax and Trade Relief Extension 
Act of 1998'.''
    Pub. L. 105-277, div. C, title XV, Sec. 1501, Oct. 21, 1998, 112 
Stat. 2681-741, provided that: ``This title [amending sections 4132 and 
9510 of this title and section 300aa-11 of Title 42, The Public Health 
and Welfare, and enacting provisions set out as notes under sections 
4132 and 9510 of this title] may be cited as the `Vaccine Injury 
Compensation Program Modification Act'.''
    Pub. L. 105-206, Sec. 1(a), July 22, 1998, 112 Stat. 685, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Internal Revenue Service Restructuring and Reform Act of 1998'.''
    Pub. L. 105-206, title III, Sec. 3000, July 22, 1998, 112 Stat. 726, 
provided that: ``This title [see Tables for classification] may be cited 
as the `Taxpayer Bill of Rights 3'.''
    Pub. L. 105-206, title VI, Sec. 6001(a), July 22, 1998, 112 Stat. 
790, provided that: ``This title [see Tables for classification] may be 
cited as the `Tax Technical Corrections Act of 1998'.''
    Pub. L. 105-178, title IX, Sec. 9001(a), June 9, 1998, 112 Stat. 
499, provided that: ``This title [amending sections 40, 132, 4041, 4051, 
4071, 4081, 4091, 4221, 4481 to 4483, 6156, 6412, 6421, 6427, 9503, and 
9504 of this title and section 460l-11 of Title 16, Conservation, 
repealing section 9511 of this title, enacting provisions set out as 
notes under sections 40, 132, 172, 4041, 6421, and 9503 of this title, 
and amending provisions set out as a note under section 172 of this 
title] may be cited as the `Surface Transportation Revenue Act of 
1998'.''


                     Short Title of 1997 Amendments

    Pub. L. 105-35, Sec. 1, Aug. 5, 1997, 111 Stat. 1104, provided that: 
``This Act [enacting section 7213A of this title, amending sections 7213 
and 7431 of this title, and enacting provisions set out as notes under 
sections 7213 and 7431 of this title] may be cited as the `Taxpayer 
Browsing Protection Act'.''
    Section 1(a) of Pub. L. 105-34 provided that: ``This Act [see Tables 
for classification] may be cited as the `Taxpayer Relief Act of 1997'.''
    Pub. L. 105-2, Sec. 1(a), Feb. 28, 1997, 111 Stat. 4, provided that: 
``This Act [amending sections 4041, 4081, 4091, 4261, 4271, and 9502 of 
this title and enacting provisions set out as notes under sections 4041, 
4081, and 4261 of this title] may be cited as the `Airport and Airway 
Trust Fund Tax Reinstatement Act of 1997'.''


                     Short Title of 1996 Amendments

    Section 1(a) of Pub. L. 104-188 provided that: ``This Act [see 
Tables for classification] may be cited as the `Small Business Job 
Protection Act of 1996'.''
    Pub. L. 104-168, Sec. 1(a), July 30, 1996, 110 Stat. 1452, provided 
that: ``This Act [enacting sections 4958, 7434, 7435, and 7524 of this 
title, amending sections 501, 4955, 4963, 6013, 6033, 6041 to 6042, 
6044, 6045, 6049, 6050B, 6050H to 6050K, 6050N, 6103, 6104, 6159, 6201, 
6213, 6323, 6334, 6343, 6404, 6503, 6601, 6651, 6652, 6656, 6672, 6685, 
7122, 7213, 7422, 7430, 7433, 7454, 7502, 7608, 7609, 7623, 7802, 7805, 
and 7811 of this title, renumbering sections 7434 and 7435 as sections 
7435 and 7436 of this title, enacting provisions set out as notes under 
sections 501, 4955, 6013, 6033, 6041, 6103, 6104, 6159, 6201, 6311, 
6323, 6334, 6404, 6503, 6601, 6651, 6652, 6656, 6672, 7122, 7430, 7433 
to 7435, 7524, 7608, 7609, 7623, 7802, 7803, 7805, and 7811 of this 
title, and amending provisions set out as a note under section 7608 of 
this title] may be cited as the `Taxpayer Bill of Rights 2'.''


                     Short Title of 1994 Amendments

    Pub. L. 103-465, title VII, Sec. 750, Dec. 8, 1994, 108 Stat. 5012, 
provided that: ``This subtitle [subtitle F (Secs. 750-781) of title VII 
of Pub. L. 103-465, enacting sections 1310, 1311, and 1350 of Title 29, 
Labor, amending sections 401, 404, 411, 412, 415, 417, 4971, and 4972 of 
this title and sections 1053 to 1056, 1082, 1132, 1301, 1303, 1305, 
1306, 1322, 1341, 1342, and 1343 of Title 29, and enacting provisions 
set out as notes under sections 401, 411, 412, and 4972 of this title 
and sections 1056, 1082, 1303, 1306, 1310, 1311, 1322, 1341, and 1342 of 
Title 29] may be cited as the `Retirement Protection Act of 1994'.''
    Pub. L. 103-387, Sec. 1, Oct. 22, 1994, 108 Stat. 4071, provided 
that: ``This Act [enacting section 3510 of this title, amending sections 
3102 and 3121 of this title, section 3701 of Title 31, Money and 
Finance, and sections 401, 402, 404, 409, 410, and 1383 of Title 42, The 
Public Health and Welfare, and enacting provisions set out as notes 
under sections 3102 and 3510 of this title, section 3701 of Title 31, 
and sections 401, 402, and 1383 of Title 42] may be cited as the `Social 
Security Domestic Employment Reform Act of 1994'.''


                     Short Title of 1993 Amendments

    Pub. L. 103-152, Sec. 1, Nov. 24, 1993, 107 Stat. 1516, provided 
that: ``This Act [amending sections 503, 504, 1105, 1108, and 1382j of 
Title 42, The Public Health and Welfare, enacting provisions set out as 
notes under section 3304 of this title and sections 503 and 1382j of 
Title 42, amending provisions set out as notes under section 3304 of 
this title and section 352 of Title 45, Railroads, and repealing 
provisions set out as a note under section 3304 of this title] may be 
cited as the `Unemployment Compensation Amendments of 1993'.''
    Section 13001(a) of title XIII of Pub. L. 103-66 provided that: 
``This chapter [chapter 1 (Secs. 13001-13444) of title XIII of Pub. L. 
103-66, see Tables for classification] may be cited as the `Revenue 
Reconciliation Act of 1993'.''
    Pub. L. 103-6, Sec. 1, Mar. 4, 1993, 107 Stat. 33, provided that: 
``This Act [enacting provisions set out as notes under section 3304 of 
this title, section 31 of Title 2, The Congress, and section 352 of 
Title 45, Railroads, and amending provisions set out as notes under 
section 3304 of this title and section 352 of Title 45] may be cited as 
the `Emergency Unemployment Compensation Amendments of 1993'.''


                     Short Title of 1992 Amendments

    Pub. L. 102-486, title XIX, Sec. 19141, Oct. 24, 1992, 106 Stat. 
3036, provided that: ``This subtitle [subtitle C (Secs. 19141-19143) of 
title XIX of Pub. L. 102-486, enacting sections 9701 to 9722 of this 
title, amending sections 1231 and 1232 of Title 30, Mineral Lands and 
Mining, and enacting provisions set out as a note under section 9701 of 
this title] may be cited as the `Coal Industry Retiree Health Benefit 
Act of 1992'.''
    Pub. L. 102-318, Sec. 1, July 3, 1992, 106 Stat. 290, provided that: 
``This Act [enacting section 1110 of Title 42, The Public Health and 
Welfare, amending sections 55, 62, 72, 151, 219, 401 to 404, 406 to 408, 
411, 414, 415, 457, 691, 871, 877, 1441, 3121, 3304, 3306, 3402, 3405, 
4973, 4980A, 6047, 6652, 6655, and 7701 of this title, section 8509 of 
Title 5, Government Organization and Employees, section 2291 of Title 
19, Customs Duties, and sections 502, 503, 1101, 1102, 1104, and 1105 of 
Title 42, enacting provisions set out as notes under sections 401, 402, 
3302, 3304, and 6655 of this title, section 8509 of Title 5, section 
2291 of Title 19, and sections 502, 666, 1102, and 1108 of Title 42, and 
amending provisions set out as notes under section 3304 of this title, 
sections 502 and 666 of Title 42, and section 352 of Title 45, 
Railroads] may be cited as the `Unemployment Compensation Amendments of 
1992'.''


                     Short Title of 1991 Amendments

    Pub. L. 102-240, title VIII, Sec. 8001(a), Dec. 18, 1991, 105 Stat. 
2203, provided that: ``This title [enacting section 9511 of this title, 
amending sections 4041, 4051, 4071, 4081, 4091, 4221, 4481, 4482, 4483, 
6156, 6412, 6420, 6421, 6427, 9503, and 9504 of this title and section 
460l-11 of Title 16, Conservation, and enacting provisions set out as 
notes under section 9503 of this title, section 101 of Title 23, 
Highways, and section 1601 of former Title 49, Transportation] may be 
cited as the `Surface Transportation Revenue Act of 1991'.''
    Pub. L. 102-227, Sec. 1(a), Dec. 11, 1991, 105 Stat. 1686, provided 
that: ``This Act [amending sections 25, 28, 41, 42, 48, 51, 57, 120, 
127, 143, 144, 162, 864, and 6655 of this title and enacting provisions 
set out as notes under sections 25, 28, 42, 51, 120, 127, 143, 144, 162, 
864, and 6655 of this title] may be cited as the `Tax Extension Act of 
1991'.''


                      Short Title of 1990 Amendment

    Section 11001(a) of title XI of Pub. L. 101-508 provided that: 
``This title [see Tables for classification] may be cited as the 
`Revenue Reconciliation Act of 1990'.''


                      Short Title of 1989 Amendment

    Section 7001(a) of title VII of Pub. L. 101-239 provided that: 
``This title [see Tables for classification] may be cited as the 
`Revenue Reconciliation Act of 1989'.''
    Section 7701 of title VII of Pub. L. 101-239 provided that: ``This 
subtitle [subtitle G (Secs. 7701-7743) of title VII of Pub. L. 101-239, 
see Tables for classification] may be cited as the `Improved Penalty 
Administration and Compliance Tax Act'.''


                      Short Title of 1988 Amendment

    Section 1(a) of Pub. L. 100-647 provided that: ``This Act [see 
Tables for classification] may be cited as the `Technical and 
Miscellaneous Revenue Act of 1988'.''
    Section 6226 of Pub. L. 100-647 provided that: ``This subtitle 
[subtitle J (Secs. 6226-6247) of title VI of Pub. L. 100-647, enacting 
sections 6159, 6326, 6712, 7430, 7432, 7433, 7520, 7521, and 7811 of 
this title, amending sections 6213, 6214, 6331, 6332, 6334, 6335, 6343, 
6404, 6512, 6601, 6673, 6863, 7216, 7429, 7481, 7482, 7802, and 7805 of 
this title and section 504 of Title 5, Government Organization and 
Employees, renumbering section 6326 as 6327, 7432 as 7433, and 7433 as 
7434 of this title, and enacting provisions set out as notes under this 
section and sections 6159, 6213, 6214, 6326, 6331, 6404, 6512, 6673, 
6712, 6863, 7429, 7430, 7432, 7520, 7521, 7605, 7801 to 7803, 7805, and 
7811 of this title] may be cited as the `Omnibus Taxpayer Bill of 
Rights'.''


                     Short Title of 1987 Amendments

    Pub. L. 100-223, title IV, Sec. 401, Dec. 30, 1987, 101 Stat. 1532, 
provided that: ``This title [enacting section 4283 of this title, 
amending sections 4041, 4261, 4271, 6427, and 9502 of this title, and 
enacting provisions set out as notes under sections 4041 and 4261 of 
this title] may be cited as the `Airport and Airway Revenue Act of 
1987'.''
    Pub. L. 100-203, title IX, Sec. 9302(a), Dec. 22, 1987, 101 Stat. 
1330-333, provided that: ``This part [part II (Secs. 9302-9346) of 
subtitle D of part II of Pub. L. 100-203, enacting sections 1085b and 
1371 of Title 29, Labor, amending sections 401, 404, 411, 412, 414, and 
4971 of this title and sections 1021, 1023, 1024, 1054, 1082 to 1084, 
1085a, 1086, 1103, 1107, 1113, 1132, 1201, 1301, 1305 to 1307, 1322, 
1341, 1342, 1344, 1349, 1362, 1364, 1367, and 1368 of Title 29, 
repealing section 1349 of Title 29, and enacting provisions set out as 
notes under sections 401, 404, 412, and 4971 of this title and sections 
1054, 1107, 1132, 1301, 1305, 1322, and 1344 of Title 29] may be cited 
as the `Pension Protection Act'.''
    Pub. L. 100-203, title X, Sec. 10000(a), Dec. 22, 1987, 101 Stat. 
1330-382, provided that: ``This title [see Tables for classification] 
may be cited as the `Revenue Act of 1987'.''
    Pub. L. 100-17, title V, Sec. 501, Apr. 2, 1987, 101 Stat. 256, 
provided that: ``This title [amending sections 4041, 4051, 4052, 4071, 
4081, 4221, 4481, 4482, 4483, 6156, 6412, 6420, 6421, 6427, and 9503 of 
this title and section 460l-11 of Title 16, Conservation, and enacting 
provisions set out as notes under sections 4052 and 4481 of this title] 
may be cited as the `Highway Revenue Act of 1987'.''


                     Short Title of 1986 Amendments

    Pub. L. 99-662, title XIV, Sec. 1401, Nov. 17, 1986, 100 Stat. 4266, 
provided that: ``This title [enacting sections 4461, 4462, 9505, and 
9506 of this title and section 988a of Title 33, Navigation and 
Navigable Waters, amending section 4042 of this title and sections 984 
and 1804 of Title 33, repealing sections 1801 and 1802 of Title 33, and 
enacting provisions set out as notes under sections 4042, 4461, 9505, 
and 9506 of this title and sections 984 and 988 of Title 33] may be 
cited as the `Harbor Maintenance Revenue Act of 1986'.''
    Section 1(a) of Pub. L. 99-514 provided that: ``This Act [see Tables 
for classification] may be cited as the `Tax Reform Act of 1986'.''
    Pub. L. 99-499, title V, Sec. 501, Oct. 17, 1986, 100 Stat. 1760, 
provided that: ``This title [enacting sections 59A, 4671, 4672, 9507, 
and 9508 of this title, amending sections 26, 164, 275, 936, 1561, 4041, 
4042, 4081, 4221, 4611, 4612, 4661, 4662, 6154, 6416, 6420, 6421, 6425, 
6427, 6655, 9502, 9503, and 9506 of this title and section 9601 of Title 
42, The Public Health and Welfare, repealing sections 4681 and 4682 of 
this title and sections 9631 to 9633, 9641, and 9653 of Title 42, and 
enacting provisions set out as notes under this section and sections 26, 
4041, 4611, 4661, 4671, 4681, 9507, and 9508 of this title] may be cited 
as the `Superfund Revenue Act of 1986'.''


                      Short Title of 1984 Amendment

    Pub. L. 98-369, Sec. 1(a), July 18, 1984, 98 Stat. 494, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Deficit Reduction Act of 1984'.''
    Pub. L. 98-369, div. A (Secs. 5-1082), Sec. 5(a), July 18, 1984, 98 
Stat. 494, provided that: ``This division [see Tables for 
classification] may be cited as the `Tax Reform Act of 1984'.''


                     Short Title of 1983 Amendments

    Pub. L. 98-76, title II, Sec. 201, Aug. 12, 1983, 97 Stat. 419, 
provided that: ``This title [enacting sections 3321 to 3323 and 6050G of 
this title, amending sections 72, 86, 105, 3201, 3202, 3211, 3221, 3231, 
6157, 6201, 6317, 6513, and 6601 of this title and section 430 of Title 
42, The Public Health and Welfare, and enacting provisions set out as 
notes under sections 72, 105, 3201, 3321, and 6302 of this title and 
section 231n of Title 45, Railroads] may be cited as the `Railroad 
Retirement Revenue Act of 1983'.''
    Pub. L. 98-67, title I, Sec. 101(a), Aug. 5, 1983, 97 Stat. 369, 
provided that: ``This title [enacting sections 3406 and 6705 of this 
title, amending sections 31, 274, 275, 643, 661, 3402, 3403, 3502, 3507, 
6011, 6013, 6015, 6042, 6044, 6049, 6051, 6365, 6401, 6413, 6652, 6653, 
6654, 6676, 6678, 6682, 7205, 7215, 7431, 7654, and 7701 of this title, 
repealing sections 3451 to 3456 of this title, enacting provisions set 
out as notes under sections 31, 3451, and 6011 of this title, and 
repealing provisions set out as a note under section 3451 of this title] 
may be cited as the `Interest and Dividend Tax Compliance Act of 
1983'.''
    Pub. L. 97-473, title II, Sec. 201, Jan. 14, 1983, 96 Stat. 2607, 
provided that: ``This title [enacting section 7871 of this title, 
amending sections 41, 103, 164, 170, 2055, 2106, 2522, 4227, 4484, 6420, 
6421, 6424, 6427, and 7701 of this title, and enacting provisions set 
out as a note under section 7871 of this title] may be cited as the 
`Indian Tribal Governmental Tax Status Act of 1982'.''
    Section 1(a) of Pub. L. 97-448 provided that: ``This Act [see Tables 
for classification] may be cited as the `Technical Corrections Act of 
1982'.''
    Pub. L. 97-424, title V, Sec. 501(a), Jan. 6, 1983, 96 Stat. 2168, 
provided that: ``This title [see Tables for classification] may be cited 
as the `Highway Revenue Act of 1982'.''


                     Short Title of 1982 Amendments

    Pub. L. 97-362, Sec. 1(a), Oct. 25, 1982, 96 Stat. 1726, provided 
that: ``This Act [amending sections 8509 and 8521 of Title 5, Government 
Organization and Employees, sections 48, 172, 4401, 4411, 6051, 7447, 
7448, 7456, 7459, and 7463 of this title, and section 601 of former 
Title 46, Shipping, enacting provisions set out as notes under sections 
8509 and 8521 of Title 5 and sections 48, 172, 336, 4401, 4411, 6051, 
7448, and 7463 of this title, and amending provisions set out as notes 
under section 2291 of Title 19, Customs Duties, and section 3306 of this 
title] may be cited as the `Miscellaneous Revenue Act of 1982'.''
    Pub. L. 97-354, Sec. 1(a), Oct. 19, 1982, 96 Stat. 1669, provided 
that: ``This Act [enacting sections 1361 to 1363, 1366 to 1368, 1371 to 
1375, 1377 to 1379, and 6241 to 6245 of this title, amending sections 
29, 31, 40, 41, 46, 48, 50A, 50B, 52, 53, 55, 57, 58, 62, 108, 163, 168, 
170, 172, 179, 183, 189, 194, 267, 280, 280A, 291, 447, 464, 465, 613A, 
992, 1016, 1101, 1212, 1251, 1254, 1256, 3453, 3454, 4992, 4996, 6037, 
6042, 6362, and 6661 of this title and section 1108 of Title 29, Labor, 
omitting section 1376 of this title, and enacting provisions set out as 
a note under section 1361 of this title] may be cited as the `Subchapter 
S Revision Act of 1982'.''
    Pub. L. 97-248, Sec. 1(a), Sept. 3, 1982, 96 Stat. 324, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Tax Equity and Fiscal Responsibility Act of 1982'.''
    Section 401 of title IV of Pub. L. 97-248 provided that: ``This 
title [enacting sections 6046A and 6221 to 6232 of this title and 
section 1508 of Title 28, Judiciary and Judicial Procedure, amending 
sections 702, 6031, 6213, 6216, 6422, 6501, 6504, 6511, 6512, 6515, 
6679, 7422, 7451, 7456, 7459, 7482, and 7485 of this title and section 
1346 of Title 28, and enacting provisions set out as notes under 
sections 6031, 6046A, 6221, and 6231 of this title] may be cited as the 
`Tax Treatment of Partnership Items Act of 1982'.''


                     Short Title of 1981 Amendments

    Pub. L. 97-119, title I, Sec. 101(a), Dec. 29, 1981, 95 Stat. 1635, 
provided that: ``This subtitle [subtitle A (Secs. 101-104) of title I of 
Pub. L. 97-119, enacting sections 9500, 9501, 9601, and 9602 of this 
title, amending sections 501 and 4121 of this title and sections 902, 
925, 932, and 934 of Title 30, Mineral Lands and Mining, repealing 
section 934a of Title 30, and enacting provisions set out as notes under 
sections 4121 and 9501 of this title and section 934 of Title 30] may be 
cited as the `Black Lung Benefits Revenue Act of 1981'.''
    Section 1(a) of Pub. L. 97-34 provided that: ``This Act [see Tables 
for classification] may be cited as the `Economic Recovery Tax Act of 
1981'.''


                     Short Title of 1980 Amendments

    Pub. L. 96-605, Sec. 1(a), Dec. 28, 1980, 94 Stat. 3521, provided 
that: ``This Act [enacting sections 66 and 195 of this title, amending 
sections 48, 105, 125, 274, 401, 408, 409A, 410, 414, 415, 501, 513, 
514, 528, 861, 871, and 2055 of this title, and enacting provisions set 
out as notes under sections 48, 66, 119, 125, 195, 274, 401, 409A, 414, 
415, 501, 513, 514, 528, 861, 871, 2055, 3121, and 7701 of this title] 
may be cited as the `Miscellaneous Revenue Act of 1980'.''
    Pub. L. 96-589, Sec. 1(a), Dec. 24, 1980, 94 Stat. 3389, provided 
that: ``This Act [enacting sections 370, 1398, 1399, 6658, and 7464 of 
this title, redesignating former section 7464 of this title as 7465, 
amending sections 108, 111, 118, 128, 302, 312, 337, 351, 354, 355, 357, 
368, 381, 382, 422, 443, 542, 703, 1017, 1023, 1371, 3302, 6012, 6036, 
6103, 6155, 6161, 6212, 6213, 6216, 6326, 6404, 6503, 6512, 6532, 6871, 
6872, 6873, 7430, and 7508 of this title, repealing section 1018 of this 
title, and enacting provisions set out as a note under section 108 of 
this title] may be cited as the `Bankruptcy Tax Act of 1980'.''
    Pub. L. 96-510, title II, Sec. 201(a), Dec. 11, 1980, 94 Stat. 2796, 
provided that: ``This title [enacting chapter 38 of this title, sections 
9631 to 9641 of Title 42, The Public Health and Welfare, and provisions 
set out as a note under section 4611 of this title] may be cited as the 
`Hazardous Substance Response Revenue Act of 1980'.''
    Pub. L. 96-499, title XI, Sec. 1100, Dec. 5, 1980, 94 Stat. 2660, 
provided: ``This title [enacting sections 103A, 280D, 897, 6039C, and 
6429 of this title, amending sections 103, 861, 871, 882, 3121, 3306, 
4251, 6652, and 6655 of this title and section 409 of Title 42, The 
Public Health and Welfare, and enacting provisions set out as notes 
under sections 1, 103A, 280D, 897, 3121, and 6655 of this title] may be 
cited as the `Revenue Adjustments Act of 1980'.''
    Pub. L. 96-499, title XI, subtitle A (Secs. 1101-1104), Sec. 1101, 
Dec. 5, 1980, 94 Stat. 2660, provided: ``This subtitle [enacting section 
103A of this title, amending section 103 of this title, and enacting 
provisions set out as a note under section 103A of this title] may be 
cited as the `Mortgage Subsidy Bond Tax Act of 1980'.''
    Pub. L. 96-499, title XI, Sec. 1121, Dec. 5, 1980, 94 Stat. 2682, 
provided: ``This subtitle [subtitle C (Secs. 1121-1125) of title XI of 
Pub. L. 96-499, enacting sections 897 and 6039C of this title, amending 
sections 861, 871, 882, and 6652 of this title, and enacting provisions 
set out as notes under section 897 of this title] may be cited as the 
`Foreign Investment in Real Property Tax Act of 1980'.''
    Pub. L. 96-471, Sec. 1(a), Oct. 19, 1980, 94 Stat. 2247, provided: 
``This Act [enacting sections 453 to 453B of this title, amending 
sections 311, 336, 337, 381, former section 453, sections 453B, 481, 
644, 691, 1038, 1239, and 1255 of this title, and enacting provisions 
set out as notes under sections 453, 691, and 1038 of this title] may be 
cited as the `Installment Sales Revision Act of 1980'.''
    Pub. L. 96-283, title IV, Sec. 401, June 28, 1980, 94 Stat. 582, 
provided that: ``This title [enacting sections 4495 to 4498 of this 
title and sections 1472, 1473 of Title 30, Mineral Lands and Mining, and 
enacting provision set out as a note under section 4495 of this title] 
may be cited as the `Deep Seabed Hard Mineral Removal Tax Act of 
1979'.''
    Pub. L. 96-223, Sec. 1(a) Apr. 2, 1980, 94 Stat. 229, provided that: 
``This Act [see Tables for classification] may be cited as the `Crude 
Oil Windfall Profit Tax Act of 1980'.''
    Pub. L. 96-222, Sec. 1(a), Apr. 1, 1980, 94 Stat. 194, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Technical Corrections Act of 1979'.''


                      Short Title of 1979 Amendment

    Pub. L. 96-39, title VIII, Sec. 801(a), July 26, 1979, 93 Stat. 273, 
provided that: ``This subtitle [subtitle A (Secs. 801-810) of title VIII 
of Pub. L. 96-39, amending sections 5001, 5002 to 5008, 5043, 5061, 
5064, 5066, 5116, 5171 to 5173, 5175 to 5178, 5180, 5181, 5201 to 5205, 
5207, 5211 to 5215, 5221 to 5223, 5231, 5232, 5235, 5241, 5273, 5291, 
5301, 5352, 5361 to 5363, 5365, 5381, 5391, 5551, 5601, 5604, 5610, 
5612, 5615, 5663, 5681, 5682, and 5691 of this title, repealing sections 
5009, 5021 to 5026, 5081 to 5084, 5174, 5233, 5234, 5251, 5252, 5364, 
and 5521 to 5523 of this title, and enacting provisions set out as notes 
under sections 5001, 5061, 5171, and 5173 of this title] may be cited as 
the `Distilled Spirits Tax Revision Act of 1979'.''


                     Short Title of 1978 Amendments

    Section 1(a) of Pub. L. 95-618, Nov. 9, 1978, 92 Stat. 3174, 
provided that: ``This Act [enacting sections 44C, 124, and 4064 of this 
title, amending sections 39, 46 to 48, 56, 57, 167, 263, 465, 613, 613A, 
614, 751, 1016, 1254, 4041, 4063, 4081, 4092, 4093, 4217, 4221, 4222, 
4293, 4483, 6096, 6401, 6412, 6416, 6421, 6424, 6427, 6504, and 6675 of 
this title, redesignating section 124 of this title as section 125, 
enacting provisions set out as notes under sections 39, 44C, 48, 124, 
167, 263, 613, 613A, 4041, 4063, 4064, 4081, 4093, and 4221 of this 
title, and amending provisions set out as notes under section 57 of this 
title and section 120 of Title 23, Highways] may be cited as the `Energy 
Tax Act of 1978'.''
    Pub. L. 95-615, Sec. 1, Nov. 8, 1978, 92 Stat. 3097, provided that: 
``This Act [probably meaning sections 1 to 8 of Pub. L. 95-615, amending 
section 167 of this title, enacting provisions set out as notes under 
sections 61, 62, and 911 of this title, and amending provisions set out 
as notes under sections 117, 167, 382, 401, and 911 of this title] may 
be cited as the `Tax Treatment Extension Act of 1977'.''
    Pub. L. 95-615, Sec. 201(a), Nov. 8, 1978, 92 Stat. 3098, provided 
that: ``This Act [probably meaning sections 201 to 210 of Pub. L. 95-
615, enacting section 913 of this title, amending sections 43, 62, 119, 
217, 911, 1034, 1302, 1304, 1402, 3401, 6011, 6012, and 6091 of this 
title, and enacting provisions set out as notes under sections 61, 401, 
and 911 of this title] may be cited as the `Foreign Earned Income Act of 
1978'.''
    Section 1(a) of Pub. L. 95-600 provided that: ``This Act [see Tables 
for classification] may be cited as the `Revenue Act of 1978'.''
    Pub. L. 95-502, title II, Sec. 201, Oct. 21, 1978, 92 Stat. 1696, 
provided that: ``This title [enacting section 4042 of this title and 
sections 1801 to 1804 of Title 33, Navigation and Navigable Waters, 
amending section 4293 of this title, and enacting provisions set out as 
notes under section 4042 of this title] may be cited as the `Inland 
Waterways Revenue Act of 1978'.''
    Pub. L. 95-227, Sec. 1, Feb. 10, 1978, 92 Stat. 11, provided that: 
``This Act [enacting sections 192, 4121, and 4951 to 4953 of this title 
and section 934a of Title 30, Mineral Lands and Mining, amended sections 
501, 4218, 4221, 4293, 4946, 6104, 6213, 6405, 6416, 6501, 6503, and 
7454 of this title and section 934 of Title 30 and enacted provisions 
set out as notes under sections 192 and 4121 of this title and section 
934 of Title 30] may be cited as the `Black Lung Benefits Revenue Act of 
1977'.''


                     Short Title of 1977 Amendments

    Section 1(a) of Pub. L. 95-30 provided that: ``This Act [see Tables 
for classification] may be cited as the `Tax Reduction and 
Simplification Act of 1977'.''
    Pub. L. 95-19, Sec. 1, Apr. 12, 1977, 91 Stat. 39, provided that: 
``This Act [amending section 3304 of this title, enacting provisions set 
out as notes under sections 3302, 3304, and 3309 of this title, and 
amending provisions set out as notes under sections 3302, 3304, and 3309 
of this title and sections 359 and 360 of Title 2, The Congress] may be 
cited as the `Emergency Unemployment Compensation Extension Act of 
1977'.''


                     Short Title of 1976 Amendments

    Pub. L. 94-455, title I, Sec. 101, Oct. 4, 1976, 90 Stat. 1525, 
provided that: ``This Act [see Tables for classification] may be cited 
as the `Tax Reform Act of 1976'.''
    Section 1 of Pub. L. 94-452 provided that: ``This Act [enacting 
section 6158 of this title, amending sections 311, 1101, 1102, 1103, 
6151, 6503, and 6601 of this title, and enacting provisions set out as 
notes under sections 311, 1101, and 6158 of this title] may be cited as 
the `Bank Holding Company Tax Act of 1976'.''


                     Short Title of 1975 Amendments

    Pub. L. 94-164, Sec. 1, Dec. 23, 1975, 89 Stat. 970, provided that: 
``This Act [amending sections 11, 21, 42, 43, 103, 141, 883, 962, 1561, 
3402, 6012, 6153, and 6154 of this title and provisions set out as notes 
under sections 42, 43, and 3402 of this title, and enacting provisions 
set out as notes under this section and sections 3, 11, 43, 103, and 883 
of this title] may be cited as the `Revenue Adjustment Act of 1975'.''
    Pub. L. 94-12, Sec. 1(a), Mar. 29, 1975, 89 Stat. 26, provided that: 
``This Act [enacting sections, 42, 43, 44, 613A, 907, 955, and 6428 of 
this title, amending sections 3, 11, 12, 21, 46, 47, 48, 50A, 50B, 56, 
141, 214, 535, 613, 703, 851, 901, 902, 951, 954, 962, 993, 1034, 1561, 
3304 note, 3402, 6012, 6096, 6201, and 6401 of this title, repealing 
sections 955 and 963 of this title, and enacting provisions set out as 
notes under sections 3, 11, 43, 44, 46, 48, 50A, 214, 410, 535, 613A, 
907, 955, 993, 3304, 3402, 6428, and 6611 of this title and section 402 
of Title 42, The Public Health and Welfare] may be cited as the `Tax 
Reduction Act of 1975'.''


                     Short Title of 1973 Amendments

    Pub. L. 93-69, title I, Sec. 110, July 10, 1973, 87 Stat. 166, 
provided that: ``This title [amending sections 3201, 3202, 3211, and 
3221 of this title and sections 228b, 228c, and 228e of Title 45, 
Railroads, enacting provisions set out as notes under section 3201 of 
this title and sections 228b, 228c, 228f, and 228o of Title 45, and 
amending provisions set out as notes under section 228c of Title 45] may 
be cited as the `Railroad Retirement Amendments of 1973'.''
    For short title of Pub. L. 93-17 as the ``Interest Equalization Tax 
Extension Act of 1973'', see section 1(a) of Pub. L. 93-17, set out as a 
note under section 2104 of this title.


                      Short Title of 1972 Amendment

    Pub. L. 92-512, title II, Sec. 201, Oct. 20, 1972, 86 Stat. 936, 
provided that: ``This title [enacting sections 6361 to 6363 of this 
title, amending sections 6405 and 7463 of this title, and enacting 
provisions set out as a note under section 7463 of this title] may be 
cited as the `Federal-State Tax Collection Act of 1972'.''


                     Short Title of 1971 Amendments

    Pub. L. 92-178, Sec. 1(a), Dec. 10, 1971, 85 Stat. 497, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Revenue Act of 1971'.''
    For short title of Pub. L. 92-9 as the ``Interest Equalization Tax 
Extension Act of 1971'', see section 1(a) of Pub. L. 92-9, set out as a 
note under section 861 of this title.


                      Short Title of 1970 Amendment

    For short title of Pub. L. 91-614 as the ``Excise, Estate, and Gift 
Tax Adjustment Act of 1970'', see section 1 of Pub. L. 91-614, set out 
as a Short Title note under section 2001 of this title.


                     Short Title of 1969 Amendments

    Pub. L. 91-172, Sec. 1(a), Dec. 30, 1969, 83 Stat. 487, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Tax Reform Act of 1969'.''
    For short title of Pub. L. 91-128 as the ``Interest Equalization Tax 
Extension Act of 1969'', see section 1(a) of Pub. L. 91-128, set out as 
a note under section 4182 of this title.


                      Short Title of 1968 Amendment

    Pub. L. 90-364, Sec. 1(a), June 28, 1968, 82 Stat. 251, provided 
that: ``This Act [enacting sections 51 and 6425 of this title, amending 
sections 103, 243, 276, 501, 963, 3402, 4061, 4251, 6020, 6154, 6412, 
6651, 6655, 7203, 7502, and 7701 of this title and sections 603, 607, 
and 1396b of Title 42, The Public Health and Welfare, repealing sections 
6016, 6074, and 4251 to 4254 of this title, enacting provisions set out 
as notes under sections 51, 103, 276, 501, 4061, 6154, and 7502 of this 
title, section 3101 of Title 5, Government Organization and Employees, 
sections 11 and 757b of former Title 31, Money and Finance, and section 
1396b of Title 42, and amending notes under section 1396b of Title 42,] 
may be cited as the `Revenue and Expenditure Control Act of 1968'.''


                      Short Title of 1967 Amendment

    For short title of Pub. L. 90-59 as the ``Interest Equalization Tax 
Extension Act of 1967'', see section 1(a) of Pub. L. 90-59, set out as a 
note under section 6011 of this title.


                     Short Title of 1966 Amendments

    For short title of title I of Pub. L. 89-809 as the ``Foreign 
Investors Tax Act of 1966'', see section 101 of Pub. L. 89-809, set out 
as a note under section 861 of this title.
    For short title of title III of Pub. L. 89-809 as the ``Presidential 
Election Campaign Fund Act of 1966'', see section 301 of Pub. L. 89-809, 
set out as a Short Title note under section 6096 of this title.
    For short title of Pub. L. 89-719 as the ``Federal Tax Lien Act of 
1966'', see section 1(a) of Pub. L. 89-719, set out as a Short Title 
note under section 6321 of this title.


                      Short Title of 1965 Amendment

    Pub. L. 89-44, Sec. 1(a), June 21, 1965, 79 Stat. 136, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Excise Tax Reduction Act of 1965'.''


                     Short Title of 1964 Amendments

    Section 1 of Pub. L. 88-348 provided: ``That this Act [amending 
sections 165, 4061, 4251, 4261, 5001, 5022, 5041, 5051, 5063, 5701, 
5707, and 6412 of this title, and provisions set out as notes under 
sections 165, 4261, and 5701 of this title] may be cited as the `Excise-
Tax Rate Extension Act of 1964'.''
    Pub. L. 88-272, Sec. 2(a), Feb. 26, 1964, 78 Stat 19, provided that: 
``This Act [see Tables for classification] may be cited as the `Revenue 
Act of 1964'.''


                      Short Title of 1963 Amendment

    Pub. L. 88-52, Sec. 1, June 29, 1963, 77 Stat. 72, provided: ``That 
this Act [amending sections 11, 821, 4061, 4251, 4261, 5001, 5022, 5041, 
5051, 5063, 5701, 5707, 6412 of this title and provisions set out as 
notes under sections 4261 and 5701 of this title] may be cited as the 
`Tax Rate Extension Act of 1963'.''


                     Short Title of 1962 Amendments

    Pub. L. 87-834, Sec. 1(a), Oct. 16, 1962, 76 Stat. 960, provided 
that: ``This Act [see Tables for classification] may be cited as the 
`Revenue Act of 1962'.''
    For short title of Pub. L. 87-792 as the ``Self-Employed Individuals 
Tax Retirement Act of 1962'', see section 1 of Pub. L. 87-792, set out 
as a note under section 401 of this title.
    Pub. L. 87-508, Sec. 1, June 28, 1962, 76 Stat. 114, provided: 
``That this Act [amending sections 11, 821, 4061, 4251 to 4253, 4261 to 
4264, 5001, 5002, 5041, 5051, 5063, 5701, 6707, 6412, 6416, and 6421 of 
this title, enacting provisions set out as notes under section 4261, 
6416, and 6421 of this title, and amending provisions set out as a note 
under section 5701 of this title] may be cited as the `Tax Rate 
Extension Act of 1962'.''


                      Short Title of 1961 Amendment

    Pub. L. 87-72, Sec. 1, June 30, 1961, 75 Stat. 193, provided: ``That 
this Act [amending sections 11, 821, 4061, 4251, 4261, 5001, 5022, 5041, 
5051, 5063, 5701, 5707, and 6412 of this title and provisions set out as 
a note under section 5701 of this title] may be cited as the `Tax Rate 
Extension Act of 1961'.''


                     Short Title of 1959 Amendments

    Pub. L. 86-75, Sec. 1, June 30, 1959, 73 Stat. 157, provided: ``That 
this Act [amending sections 11, 821, 4061, 4251, 4261, 5001, 5022, 5041, 
5051, 5063, 5701, 5707 and 6412 of this title and provisions set out as 
a note under section 5701 of this title] may be cited as the `Tax Rate 
Extension Act of 1959'.''
    Section 1 of Pub. L. 86-69 provided that: ``This Act [amending 
former part I of subchapter L of this chapter and sections 116, 381, 
841, 842, 891, 1016, 1201, 1232, 1504, 4371, and 6501 of this title and 
enacting provisions set out as notes under sections 801, 6072, and 6655 
of this title] may be cited as the `Life Insurance Company Income Tax 
Act of 1959'.''


                     Short Title of 1958 Amendments

    Pub. L. 85-866, title I, Sec. 1(a), Sept. 2, 1958, 72 Stat. 1606, 
provided that: ``This title [see Tables for classification] may be cited 
as the `Technical Amendments Act of 1958'.''
    Pub. L. 85-866, title II, Sec. 201, Sept. 2, 1958, 72 Stat. 1676, 
provided that: ``This title [amending sections 165, 172, 179, 535, 1244, 
1551, 6161, 6166, 6503, and 6601 of this title and enacting provisions 
set out as notes under sections 172, 179, 535, 6161 of this title] may 
be cited as the `Small Business Tax Revision Act of 1958'.''
    For short title of Pub. L. 85-859 as the ``Excise Tax Technical 
Changes Act of 1958'', see section 1(a) of Pub. L. 85-859, set out as a 
Short Title note under section 5001 of this title.
    Pub. L. 85-475, Sec. 1, June 30, 1958, 72 Stat. 259, provided: 
``That this Act [amending sections 11, 821, 4061, 4292, 5001, 5022, 
5041, 5051, 5063, 5134, 5701, 5707, 6412, 6415, 6416, 7012, and 7272 of 
this title and repealing sections 4271 to 4273 and 4281 to 4283 of this 
title] may be cited as the `Tax Rate Extension Act of 1958'.''


                      Short Title of 1957 Amendment

    Section 1 of Pub. L. 85-12 provided: ``That this Act [amending 
sections 11, 821, 4061, 5001, 5022, 5041, 5051, 5063, 5134, 5701, 5707, 
and 6412 of this title] may be cited as the `Tax Rate Extension Act of 
1957'.''


                     Short Title of 1956 Amendments

    For short title of title II of act June 29, 1956 as the ``Highway 
Revenue Act of 1956'', see section 201(a) of act June 29, 1956, set out 
as a note under section 4041 of this title.
    For short title of act Mar. 29, 1956 as the ``Tax Rate Extension Act 
of 1956'', see section 1 of act Mar. 29, 1956, set out as a note under 
section 4041 of this title.
    Section 1 of act Mar. 13, 1956, provided: ``That this Act [enacting 
section 843 of this title and amending sections 316, 501, 594, 801 to 
805, 811 to 813, 816 to 818, 821, 822, 832, 841, 842, 891, 1201, 1504, 
and 4371 of this title] be cited as the `Life Insurance Company Tax Act 
for 1955'.''


                      Short Title of 1955 Amendment

    For short title of act Mar. 30, 1955 as the ``Tax Rate Extension Act 
of 1955'', see section 1 of act Mar. 30, 1955, set out as a note under 
section 4041 of this title.


              Coordination of Provisions in Amendatory Acts

    Pub. L. 105-277, div. J, title IV, Sec. 4001(b), Oct. 21, 1998, 112 
Stat. 2681-906, provided that: ``For purposes of applying the amendments 
made by any title of this division [Secs. 1000-5301, see Tables for 
classification] other than this title [see Definitions note set out 
below for classification], the provisions of this title shall be treated 
as having been enacted immediately before the provisions of such other 
titles.''
    Pub. L. 105-206, title VI, Sec. 6001(b), July 22, 1998, 112 Stat. 
790, provided that: ``For purposes of applying the amendments made by 
any title of this Act other than this title, the provisions of this 
title [see Tables for classification] shall be treated as having been 
enacted immediately before the provisions of such other titles.''
    Section 1600 of title XVI of Pub. L. 105-34 provided that: ``For 
purposes of applying the amendments made by any title of this Act other 
than this title, the provisions of this title [see Tables for 
classification] shall be treated as having been enacted immediately 
before the provisions of such other titles.''
    Section 1701 of Pub. L. 104-188 provided that: ``For purposes of 
applying the amendments made by any subtitle [subtitle A to F 
(Secs. 1111-1621) and H to J (Secs. 1801-1954) of title I of Pub. L. 
104-188, see Tables for classification] of this title other than this 
subtitle [subtitle G (Secs. 1701-1704) of title I of Pub. L. 104-188, 
see Tables for classification], the provisions of this subtitle shall be 
treated as having been enacted immediately before the provisions of such 
other subtitles.''
    Section 11700 of Pub. L. 101-508 provided that: ``For purposes of 
applying the amendments made by any subtitle [subtitles A to F 
(Secs. 11101-11622) and H and I (Secs. 11801-11901) of title XI of Pub. 
L. 101-508, see Tables for classification] of this title other than this 
subtitle [subtitle G (Secs. 11700-11704) of title XI of Pub. L. 101-508, 
see Tables for classification], the provisions of this subtitle shall be 
treated as having been enacted immediately before the provisions of such 
other subtitles.''
    Section 7801(b) of Pub. L. 101-239 provided that: ``For purposes of 
applying the amendments made by any subtitle [subtitles A to G 
(Secs. 7101-7743) of title VII of Pub. L. 101-239, see Tables for 
classification] of this title other than this subtitle [subtitle H 
(Secs. 7801-7894) of title VII of Pub. L. 101-239, see Tables for 
classification], the provisions of this subtitle shall be treated as 
having been enacted immediately before the provisions of such other 
subtitles.''
    Section 1800 of title XVIII of Pub. L. 99-514 provided that: ``For 
purposes of applying the amendments made by any title of this Act other 
than this title, the provisions of this title [see Tables for 
classification] shall be treated as having been enacted immediately 
before the provisions of such other titles.''


               Adjustments for Consumer Price Index Error

    Pub. L. 106-554, Sec. 1(a)(7) [title III, Sec. 308], Dec. 21, 2000, 
114 Stat. 2763, 2763A-636, provided that:
    ``(a) Determinations by OMB.--As soon as practicable after the date 
of the enactment of this Act [Dec. 21, 2000], the Director of the Office 
of Management and Budget shall determine with respect to each applicable 
Federal benefit program whether the CPI computation error for 1999 has 
or will result in a shortfall in payments to beneficiaries under such 
program (as compared to payments that would have been made if the error 
had not occurred). As soon as practicable after the date of the 
enactment of this Act, but not later than 60 days after such date, the 
Director shall direct the head of the Federal agency which administers 
such program to make a payment or payments that, insofar as the Director 
finds practicable and feasible--
        ``(1) are targeted to the amount of the shortfall experienced by 
    individual beneficiaries, and
        ``(2) compensate for the shortfall.
    ``(b) Coordination with Federal Agencies.--As soon as practicable 
after the date of the enactment of this Act [Dec. 21, 2000], each 
Federal agency that administers an applicable Federal benefit program 
shall, in accordance with such guidelines as are issued by the Director 
pursuant to this section, make an initial determination of whether, and 
the extent to which, the CPI computation error for 1999 has or will 
result in a shortfall in payments to beneficiaries of an applicable 
Federal benefit program administered by such agency. Not later than 30 
days after such date, the head of such agency shall submit a report to 
the Director and to each House of the Congress of such determination, 
together with a complete description of the nature of the shortfall.
    ``(c) Implementation Pursuant to Agency Reports.--Upon receipt of 
the report submitted by a Federal agency pursuant to subsection (b), the 
Director shall review the initial determination of the agency, the 
agency's description of the nature of the shortfall, and the 
compensation payments proposed by the agency. Prior to directing payment 
of such payments pursuant to subsection (a), the Director shall make 
appropriate adjustments (if any) in the compensation payments proposed 
by the agency that the Director determines are necessary to comply with 
the requirements of subsection (a) and transmit to the agency a summary 
report of the review, indicating any adjustments made by the Director. 
The agency shall make the compensation payments as directed by the 
Director pursuant to subsection (a) in accordance with the Director's 
summary report.
    ``(d) Income Disregard Under Federal Means-Tested Benefit 
Programs.--A payment made under this section to compensate for a 
shortfall in benefits shall, in accordance with guidelines issued by the 
Director pursuant to this section, be disregarded in determining income 
under title VIII of the Social Security Act [42 U.S.C. 1001 et seq.] or 
any applicable Federal benefit program that is means-tested.
    ``(e) Funding.--Funds otherwise available under each applicable 
Federal benefit program for making benefit payments under such program 
are hereby made available for making compensation payments under this 
section in connection with such program.
    ``(f) No Judicial Review.--No action taken pursuant to this section 
shall be subject to judicial review.
    ``(g) Director's Report.--Not later than April 1, 2001, the Director 
shall submit to each House of the Congress a report on the activities 
performed by the Director pursuant to this section.
    ``(h) Definitions.--For purposes of this section:
        ``(1) Applicable federal benefit program.--The term `applicable 
    Federal benefit program' means any program of the Government of the 
    United States providing for regular or periodic payments or cash 
    assistance paid directly to individual beneficiaries, as determined 
    by the Director of the Office of Management and Budget.
        ``(2) Federal agency.--The term `Federal agency' means a 
    department, agency, or instrumentality of the Government of the 
    United States.
        ``(3) CPI computation error for 1999.--The term `CPI computation 
    error for 1999' means the error in the computation of the Consumer 
    Price Index announced by the Bureau of Labor Statistics on September 
    28, 2000.
    ``(i) Tax Provisions.--In the case of taxable years (and other 
periods) beginning after December 31, 2000, if any Consumer Price Index 
(as defined in section 1(f)(5) of the Internal Revenue Code of 1986) 
reflects the CPI computation error for 1999--
        ``(1) the correct amount of such Index shall (in such manner and 
    to such extent as the Secretary of the Treasury determines to be 
    appropriate) be taken into account for purposes of such Code, and
        ``(2) tables prescribed under section 1(f) of such Code to 
    reflect such correct amount shall apply in lieu of any tables that 
    were prescribed based on the erroneous amount.''


       Application of Special Rules for Maximum Capital Gains Rate

    Pub. L. 105-277, div. J, title IV, Sec. 4002(i)(2), Oct. 21, 1998, 
112 Stat. 2681-907, provided that:
    ``(2)(A) Subparagraphs (A)(i)(II), (A)(ii)(II), and (B)(ii) of 
section 1(h)(13) of the 1986 Code shall not apply to any distribution 
after December 31, 1997, by a regulated investment company or a real 
estate investment trust with respect to--
        ``(i) gains and losses recognized directly by such company or 
    trust, and
        ``(ii) amounts properly taken into account by such company or 
    trust by reason of holding (directly or indirectly) an interest in 
    another such company or trust to the extent that such subparagraphs 
    did not apply to such other company or trust with respect to such 
    amounts.
    ``(B) Subparagraph (A) shall not apply to any distribution which is 
treated under section 852(b)(7) or 857(b)(8) of the 1986 Code as 
received on December 31, 1997.
    ``(C) For purposes of subparagraph (A), any amount which is 
includible in gross income of its shareholders under section 
852(b)(3)(D) or 857(b)(3)(D) of the 1986 Code after December 31, 1997, 
shall be treated as distributed after such date.
    ``(D)(i) For purposes of subparagraph (A), in the case of a 
qualified partnership with respect to which a regulated investment 
company meets the holding requirement of clause (iii)--
        ``(I) the subparagraphs referred to in subparagraph (A) shall 
    not apply to gains and losses recognized directly by such 
    partnership for purposes of determining such company's distributive 
    share of such gains and losses, and
        ``(II) such company's distributive share of such gains and 
    losses (as so determined) shall be treated as recognized directly by 
    such company.
The preceding sentence shall apply only if the qualified partnership 
provides the company with written documentation of such distributive 
share as so determined.
    ``(ii) For purposes of clause (i), the term `qualified partnership' 
means, with respect to a regulated investment company, any partnership 
if--
        ``(I) the partnership is an investment company registered under 
    the Investment Company Act of 1940 [15 U.S.C. 80a-1 et seq.],
        ``(II) the regulated investment company is permitted to invest 
    in such partnership by reason of section 12(d)(1)(E) of such Act [15 
    U.S.C. 80a-12(d)(1)(E)] or an exemptive order of the Securities and 
    Exchange Commission under such section, and
        ``(III) the regulated investment company and the partnership 
    have the same taxable year.
    ``(iii) A regulated investment company meets the holding requirement 
of this clause with respect to a qualified partnership if (as of January 
1, 1998)--
        ``(I) the value of the interests of the regulated investment 
    company in such partnership is 35 percent or more of the value of 
    such company's total assets, or
        ``(II) the value of the interests of the regulated investment 
    company in such partnership and all other qualified partnerships is 
    90 percent or more of the value of such company's total assets.''


                   Capital Gain Distribution by Trust

    Pub. L. 105-277, div. J, title IV, Sec. 4003(b), Oct. 21, 1998, 112 
Stat. 2681-909, as amended by Pub. L. 106-554, Sec. 1(a)(7) [title III, 
Sec. 312(b)], Dec. 21, 2000, 114 Stat. 2763, 2763A-640, provided that: 
``In the case of any capital gain distribution made after 1997 by a 
trust to which section 664 of the 1986 Code applies with respect to 
amounts properly taken into account by such trust during 1997, 
paragraphs (5)(A)(i)(I), (5)(A)(ii)(I), (7)(A)(i)(II), and (13)(A) of 
section 1(h) of the 1986 Code (as in effect for taxable years ending on 
December 31, 1997) shall not apply.''


      Election To Recognize Gain on Assets Held on January 1, 2001

    Section 311(e) of Pub. L. 105-34, as amended by Pub. L. 106-554, 
Sec. 1(a)(7) [title III, Sec. 314(c)], Dec. 21, 2000, 114 Stat. 2763, 
2763A-643, provided that: ``For purposes of the Internal Revenue Code of 
1986--
        ``(1) In general.--A taxpayer other than a corporation may elect 
    to treat--
            ``(A) any readily tradable stock (which is a capital asset) 
        held by such taxpayer on January 1, 2001, and not sold before 
        the next business day after such date, as having been sold on 
        such next business day for an amount equal to its closing market 
        price on such next business day (and as having been reacquired 
        on such next business day for an amount equal to such closing 
        market price), and
            ``(B) any other capital asset or property used in the trade 
        or business (as defined in section 1231(b) of the Internal 
        Revenue Code of 1986) held by the taxpayer on January 1, 2001, 
        as having been sold on such date for an amount equal to its fair 
        market value on such date (and as having been reacquired on such 
        date for an amount equal to such fair market value).
        ``(2) Treatment of gain or loss.--
            ``(A) Any gain resulting from an election under paragraph 
        (1) shall be treated as received or accrued on the date the 
        asset is treated as sold under paragraph (1) and shall be 
        recognized notwithstanding any provision of the Internal Revenue 
        Code of 1986.
            ``(B) Any loss resulting from an election under paragraph 
        (1) shall not be allowed for any taxable year.
        ``(3) Election.--An election under paragraph (1) shall be made 
    in such manner as the Secretary of the Treasury or his delegate may 
    prescribe and shall specify the assets for which such election is 
    made. Such an election, once made with respect to any asset, shall 
    be irrevocable. Such an election shall not apply to any asset which 
    is disposed of (in a transaction in which gain or loss is recognized 
    in whole or in part) before the close of the 1-year period beginning 
    on the date that the asset would have been treated as sold under 
    such election.
        ``(4) Readily tradable stock.--For purposes of this subsection, 
    the term `readily tradable stock' means any stock which, as of 
    January 1, 2001, is readily tradable on an established securities 
    market or otherwise.''


          Election To Pay Additional 1993 Taxes in Installments

    Section 13201(d) of Pub. L. 103-66 provided that:
    ``(1) In general.--At the election of the taxpayer, the additional 
1993 taxes may be paid in 3 equal installments.
    ``(2) Dates for paying installments.--In the case of any tax payable 
in installments by reason of paragraph (1)--
        ``(A) the first installment shall be paid on or before the due 
    date for the taxpayer's taxable year beginning in calendar year 
    1993,
        ``(B) the second installment shall be paid on or before the date 
    1 year after the date determined under subparagraph (A), and
        ``(C) the third installment shall be paid on or before the date 
    2 years after the date determined under subparagraph (A).
For purposes of the preceding sentence, the term `due date' means the 
date prescribed for filing the taxpayer's return determined without 
regard to extensions.
    ``(3) Extension without interest.--For purposes of section 6601 of 
the Internal Revenue Code of 1986, the date prescribed for the payment 
of any tax payable in installments under paragraph (1) shall be 
determined with regard to the extension under paragraph (1).
    ``(4) Additional 1993 taxes.--
        ``(A) In general.--For purposes of this subsection, the term 
    `additional 1993 taxes' means the excess of--
            ``(i) the taxpayer's net chapter 1 liability as shown on the 
        taxpayer's return for the taxpayer's taxable year beginning in 
        calendar year 1993, over
            ``(ii) the amount which would have been the taxpayer's net 
        chapter 1 liability for such taxable year if such liability had 
        been determined using the rates which would have been in effect 
        under section 1 of the Internal Revenue Code of 1986 for taxable 
        years beginning in calendar year 1993 but for the amendments 
        made by this section [amending this section and sections 41, 63, 
        68, 132, 151, 453A, 513, 531, and 541 of this title] and section 
        13202 [amending this section and sections 531 and 541 of this 
        title] and such liability had otherwise been determined on the 
        basis of the amounts shown on the taxpayer's return.
        ``(B) Net chapter 1 liability.--For purposes of subparagraph 
    (A), the term `net chapter 1 liability' means the liability for tax 
    under chapter 1 of the Internal Revenue Code of 1986 determined--
            ``(i) after the application of any credit against such tax 
        other than the credits under sections 31 and 34, and
            ``(ii) before crediting any payment of estimated tax for the 
        taxable year.
    ``(5) Acceleration of payments.--If the taxpayer does not pay any 
installment under this section on or before the date prescribed for its 
payment or if the Secretary of the Treasury or his delegate believes 
that the collection of any amount payable in installments under this 
section is in jeopardy, the Secretary shall immediately terminate the 
extension under paragraph (1) and the whole of the unpaid tax shall be 
paid on notice and demand from the Secretary.
    ``(6) Election on return.--An election under paragraph (1) shall be 
made on the taxpayer's return for the taxpayer's taxable year beginning 
in calendar year 1993.
    ``(7) Exception for estates and trusts.--This subsection shall not 
apply in the case of an estate or trust.''


            Transitional Rule for Maximum Capital Gains Rate

    Section 302(c) of Pub. L. 99-514, which related to long-term capital 
gain on rights to royalties paid under particular leases and 
assignments, was repealed by Pub. L. 100-647, title I, Sec. 1003(b)(1), 
Nov. 10, 1988, 102 Stat. 3382.


                   Coordination With Other Provisions

    Pub. L. 99-509, title VIII, Sec. 8081, Oct. 21, 1986, 100 Stat. 
1965, provided that: ``Nothing in any provision of this Act [see Tables 
for classifications] (other than this title) shall be construed as--
        ``(1) imposing any tax (or exempting any person or property from 
    any tax),
        ``(2) establishing any trust fund, or
        ``(3) authorizing amounts to be expended from any trust fund.''
    [S.Con.Res. 174, agreed to Oct. 18, 1986, provided: ``That, in the 
enrollment of the bill (H.R. 5300) to provide for reconciliation 
pursuant to section 2 of the concurrent resolution on the budget for 
fiscal year 1987, the Clerk of the House of Representatives shall insert 
at the end of section 8081 of the bill the following: Paragraph (3) 
shall not apply to any authorization made by title IX of this Act.'' As 
a result of clerical error, the sentence was inserted at the end of 
section 8101 of the bill, and appears at the end of section 8101 of Pub. 
L. 99-509, 100 Stat. 1967.]
    Pub. L. 99-499, title V, Sec. 531, Oct. 17, 1986, 100 Stat. 1782, 
provided that: ``Notwithstanding any provision of this Act [see Tables 
for classifications] not contained in this title [see Short Title of 
1986 Amendment note above], any provision of this Act (not contained in 
this title) which--
        ``(1) imposes any tax, premium, or fee,
        ``(2) establishes any trust fund, or
        ``(3) authorizes amounts to be expended from any trust fund,
shall have no force or effect.''


                 Elimination of 50-Cent Rounding Errors

    Section 101(a)(3) of Pub. L. 97-448, as amended by Pub. L. 99-514, 
Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that: ``If any figure in 
any table--
        ``(A) which is set forth in section 1 of the Internal Revenue 
    Code of 1986 [formerly I.R.C. 1954] (as amended by section 101 of 
    the Economic Recovery Tax Act of 1981 [Pub. L. 97-34, title I, 
    Sec. 101, Aug. 13, 1981, 95 Stat. 176], and
        ``(B) which applies to married individuals filing separately or 
    to estates and trusts,
differs by not more than 50 cents from the correct amount under the 
formula used in constructing such table, such figure is hereby corrected 
to the correct amount.'' [See 1982 Amendment note above.]


            Policy With Respect to Additional Tax Reductions

    Section 3 of Pub. L. 95-600 provided that: ``As a matter of national 
policy the rate of growth in Federal outlays, adjusted for inflation, 
should not exceed 1 percent per year between fiscal year 1979 and fiscal 
year 1983; Federal outlays as a percentage of gross national product 
should decline to below 21 percent in fiscal year 1980, 20.5 percent in 
fiscal year 1981, 20 percent in fiscal year 1982 and 19.5 percent in 
fiscal year 1983; and the Federal budget should be balanced in fiscal 
years 1982 and 1983. If these conditions are met, it is the intention 
that the tax-writing committees of Congress will report legislation 
providing significant tax reductions for individuals to the extent that 
these tax reductions are justified in the light of prevailing and 
expected economic conditions.''


         Effective Date of Certain Definitions and Designations

    Pub. L. 94-455, title XIX, Sec. 1908, Oct. 4, 1976, 90 Stat. 1836, 
provided that: ``For purposes of any amendment made by any provision of 
this Act [see Tables for classification] (other than this title)--
        ``(1) which contains a term the meaning of which is defined in 
    or modified by any provision of this title, and
        ``(2) which has an effective date earlier than the effective 
    date of the provision of this title defining or modifying such term,
that definition or modification shall be considered to take effect as of 
such earlier effective date.''


          Congressional Declaration Relating to 1975 Amendment

    Pub. L. 94-164, Sec. 1A, Dec. 23, 1975, 89 Stat. 970, provided that:
    ``(a) Congress is determined to continue the tax reduction for the 
first 6 months of 1976 in order to assure continued economic recovery.
    ``(b) Congress is also determined to continue to control spending 
levels in order to reduce the national deficit.
    ``(c) Congress reaffirms its commitments to the procedures 
established by the Congressional Budget and Impoundment Control Act of 
1974 [see Tables for classification of Pub. L. 93-344, July 12, 1974, 88 
Stat. 297] under which it has already established a binding spending 
ceiling for the fiscal year 1976.
    ``(d) If the Congress adopts a continuation of the tax reduction 
provided by this Act [see Short Title of 1975 Amendment note above] 
beyond June 30, 1976, and if economic conditions warrant doing so, 
Congress shall provide, through the procedures in the Budget Act [Pub. 
L. 93-344], for reductions in the level of spending in the fiscal year 
1977 below what would otherwise occur, equal to any additional reduction 
in taxes (from the 1974 tax rate levels) provided for the fiscal year 
1977: Provided, however, That nothing shall preclude the right of the 
Congress to pass a budget resolution containing a higher or lower 
expenditure figure if the Congress concludes that this is warranted by 
economic conditions or unforeseen circumstances.''


          Congressional Declaration Relating to 1964 Amendment

    Pub. L. 88-272, Sec. 1, Feb. 26, 1964, 78 Stat. 19, provided that: 
``It is the sense of Congress that the tax reduction provided by this 
Act [see Short Title of 1964 Amendment note above] through stimulation 
of the economy, will, after a brief transitional period, raise (rather 
than lower) revenues and that such revenue increases should first be 
used to eliminate the deficits in the administrative budgets and then to 
reduce the public debt. To further the objective of obtaining balanced 
budgets in the near future, Congress by this action, recognizes the 
importance of taking all reasonable means to restrain Government 
spending and urges the President to declare his accord with this 
objective.''


                               Definitions

    Pub. L. 105-277, div. J, title IV, Sec. 4001(a), Oct. 21, 1998, 112 
Stat. 2681-906, provided that: ``For purposes of this title [amending 
this section, sections 51, 56, 67, 68, 86, 135, 137, 163, 172, 219, 221, 
264, 351, 368, 408A, 469, 873, 954, 2001, 2031, 6015, 6103, 6159, 6311, 
6404, 6693, 7421, 7443A, 7491, 9503, and 9510 of this title, and 
sections 401 and 407 of Title 42, The Public Health and Welfare, 
enacting provisions set out as notes under this section, sections 51, 
67, 68, 86, 172, 833, 6103, and 9503 of this title, and section 401 of 
Title 42, and amending provisions set out as notes under sections 6601 
and 7508A of this title]--
        ``(1) 1986 code.--The term `1986 Code' means the Internal 
    Revenue Code of 1986.
        ``(2) 1998 act.--The term `1998 Act' means the Internal Revenue 
    Service Restructuring and Reform Act of 1998 (Public Law 105-206) 
    [see Tables for classification].
        ``(3) 1997 act.--The term `1997 Act' means the Taxpayer Relief 
    Act of 1997 (Public Law 105-34) [see Tables for classification].''

                  Section Referred to in Other Sections

    This section is referred to in sections 2, 3, 15, 25A, 32, 41, 42, 
55, 59, 63, 68, 132, 135, 146, 162, 213, 220, 221, 453A, 460, 468B, 511, 
512, 513, 641, 685, 691, 774, 871, 876, 877, 891, 904, 911, 936, 962, 
1260, 1291, 1301, 1398, 1446, 2032A, 2503, 2631, 3402, 4001, 4261, 6014, 
6015, 6039F, 6103, 6242, 6323, 6334, 6601, 6652, 6655, 6867, 7430, 7518, 
7519 of this title; title 7 section 940d; title 42 section 629; title 46 
App. section 1177.
