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DIVISION B—TAX, UNEMPLOY-
MENT, HEALTH, STATE FIS-
CAL RELIEF, AND OTHER
PROVISIONS
TITLE I—TAX PROVISIONS
SEC. 1000, SHORT TITLE, ETC.
(a) SHoRT TirLE.—This title may be cited as the
“American Recovery and Reinvestment Tax Act of 2009”
(b) REFEREN
Except as otherwise expressly pro-
vided, whenever in this title an amendment or repeal is
expressed in terms of an amendment to, or repeal of, a
section or other provision, the reference shall be consid-
ered to be made to a section or other provision of the In-
ternal Revenme Code of 1986.
(c) TABLE OF CoNTENTS.—The table of contents for
this title is as follows:
‘TITLE I—TAX PROVISIONS
See. 1000. Short title, ete
Subtitle A~Tax Relief for Individuals and Fanilies
PART I—GuNeRaL Tax RELIEF
See. 1001. Making wor pay eredit.
mporary increase in earned income tax credit.
Temporary increase of refundable portion of ehild ere.
-. 1004, American opportunity tax eredit.
-. 1005. Computer technology and equipment allowed as qualified higher
education expense for section 529 accounts in 2009 and 2010.
See. 1006. Extension of and inerease in first-time homebuyer eredit; waiver of
requirement to repay.
See. 1007. Suspension of tax on portion of unemployment compensation.O:\ERN\ERNO9560.C SLE.
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See. 1008. Additional deduetion for State sales tax and exvise tax on the par
chase of certain motor vehicles.
PART I—ALrersarive Minmiuat Tax REurer
Sec. 1011. Extension of alternative mininmm tax rae for nonrefundable yer~
sonal eredlits.
See, 1012, Extension of inereased alternative mi
jam tax exemption amount.
Subtitle B—Energy Incentives
PART I—RenewabLe ENERGY INCENTIVES
Sec, 1101, Extension of eredit for electricity produced from certain renewable
resources.
See, 1102, Bloction of investment eredit in lien of production credit
Sec. 1103. Repeal of certain limitations on eredit for renewable enengy prot
erty.
See, 1104, Coordination with renewable energy grants.
PART I—Ivcseasep Auiocations or New CLEAN RENEWABLE EXERGY
BoNps AND QUALIFIED ENERGY ConsERVATION BONDS
See. 1111, Inereased ti
bonds,
‘See, 1112, Increased Ti
‘bonds,
tation on issuance of new clean renewable energy
jon on issuance of qualified energy conservation
PART I1—Ewenoy Consevation INCENTIVES
See. 1121, Bstension and medication of ereit for nonbusiness energy prop
ony.
1122. Modification of credit for residential energy efficient property.
1128. Temporary inerease in exeit for alternative fuel vehicle reveling
property.
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PART IV—Mopirication oF Creprr ¥OR CARBON Dioxnz
SEQUESTRATION
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1181. Application of monitoring requirements to earbon dioside used as a
tertiary injectant,
PART V—Puva4n Euecrac Drive Moron Vesicuns
LIAL. Credit for new qualified plug-in electric drive motor vehicles.
1142. Credit for eertain plug-in eleetrie vehicles,
1148. Conversion kits.
1144. Treatment of alternative motor vehicle credit as a personal credit al-
owed against AMT.
PERE
PART VI—Paniry For Transportation FRINGE BENEFITS
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1151. Increased exclusion amount for commuter transit benefits and tran-
sit passes.
Subtitle C—Tax Incentives for Business
PART I—TeMPoRaRY INVESTMENT INCENTIVES(0:\ERN\ERNO9560.LC SLC.
See,
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1201. Special allowance for certain property acquired during 2009,
1202. Temporary inerease in linitations on expensing of certain depre-
able business assets,
PART [Swan Busivess Provisions
1211. S-year earryback of operating losses of small businesses.
1212. Deoreased required estimated tax payments in 2009 tor certain
small businesses.
PART III—INceNtives FoR New Jons
-- 1221. Incentives to hire unemployed veterans ant diseonmected youth,
PART IV—Ruues ReLavine 10 Dest InstRuMENTs.
1281, Deferral and ratable inclusion of income arising from business in-
Aebtedness discharged by the reacquisition of a debt instra-
ment.
. Modifications of rules for original issue discount on certain high
‘Yield obligations.
PART VQuanurn Suan, BUSINESS $10CK
1241, Special rules applicable to qualified small business stock for 2009
‘and 2010,
PART VI-S Cononations
1251. ‘Temporary reduction in recognition period for built-in gains tax.
PART ViI—Ruves Renania TO OwNensenP CHaNces
1261. Clarification of regulations related to limitations on certain built-in
losses following an ownership cliange.
.. 1262, Treatment of certain ownership cumges for purposes of linltations
on net operating loss earnyforwards and certain builtin losses.
Subtitle D—Munufueturing Recovery Provisions
1301, Temporery espansion of availability of industrial development bonds
to facilities manufueturing intangible property.
1302, Credit for investment in advanced energy facilities.
Subtitle E—Beonomie Recovery ‘Tools
1401. Recovery zone bonds.
1402. ‘Tribal economic development bonds.
1403. Inerease in new markets tax eredit.
1404. Coordination of low-income housing eredit and low-income housing
grants.
Subtide FInfrastructure Finaneing Tools
PART IIuproveD MaRkerABILITY FOR TAX-EXEMPT BONDS
1501. De minimis safe harbor exception for tax-exempt interest expanse of
financial institutions.
1502. Modification of small issuer exception to tax-exesay. interest expense
allocation rules for financial institutions