Page:United States Statutes at Large Volume 100 Part 3.djvu/279

 PUBLIC LAW 99-514-OCT. 22, 1986

100 STAT. 2087

Subtitle B—Interest Expense Sec. 511. Limitations on deduction for nonbusiness interest. TITLE VI—CORPORATE PROVISIONS Subtitle A—Corporate Rate Reductions Sec. 601. Corporate rate reductions. Sec. Sec. Sec. Sec.

611. 612. 613. 614.

Subtitle B—Treatment of Stock and Stock Dividends Reduction in dividends received deduction. Repeal of partial exclusion of dividends received by individuals. Nondeductibility of stock redemption expenses. Reduction in stock basis for nontaxed portion of extraordinary dividends.

Subtitle C—Limitation on Net Operating Loss Carryforwards and Excess Credit Carryforwards Sec. 621. Limitation on net operating loss carryforwards.

Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.

Subtitle D—Recognition of Gain and Loss on Distributions of Property in Liquidation 631. Recognition of gain and loss on distributions of property in liquidation. 632. Treatment of C corporations electing subchapter S status. 633. Effective dates. 634. Study of corporate provisions. 641. 642. 643. 644. 645. 646. 647.

Subtitle E—Other Corporate Provisions ,., Special allocation rules for certain asset acquisitions. Modification of definition of related party. Treatment of amortizable bond premium as interest. Provisions relating to cooperative housing corporations. Special rules relating to personal holding company tax. Certain entitles not treated as corporations. Special rule for disposition of stock of subsidiary.

651. 652. 653. 654. 655. 656. 657.

Subtitle F—Regulated Investment Companies Excise tax on undistributed income of r^ulated investment companies. Treatment of business development companies. Amendments to qualification rules. Treatment of series funds as separate corporations. .. Extension of period for mailing notices to shareholders. ^* Protection of mutual funds receiving third-party summonses. Certain distributions not treated as preferential dividends.

661. 662. 663. 664. 665. 666. 667.

Sec. 668. Sec. 669.

Subtitled—Real Estate Investment Trusts j^, General qualification requirements. Asset and income requirements. Definition of rents. Distribution requirements. Treatment of capital gains. Modifications of prohibited transaction rules. Deficiency dividends of real estate investment trusts not subject to penalty under section 6697. Excise tax on undistributed income of real estate investment trusts. Effective dates.

Subtitle H—Taxation of Interests in Entities Holding Real Estate Mortgages Sec. 671. Taxation of real estate mortgage investment conduits. Sec. 672. Rules for accruing original issue discount on r^;ular interests and similar debt instruments. Sec. 673. Treatment of taxable mortgage pools. Sec. 674. Compliance provisions. Sec. 675. Effective dates. TITLE Vn—ALTERNATIVE MINIMUM TAX Sec. 701. Alternative minimum tax for individuals and corporations. Sec. 702. Study of book and earnings and profits adjustments.

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