Page:United States Statutes at Large Volume 100 Part 3.djvu/282

 100 STAT. 2090

PUBLIC LAW 99-514—OCT. 22, 1986 Subtitle B—Employee Benefit Provisions PART I—NONDISCRIMINATION RULES FXJR CERTAIN STATUTORY EMPLOYEE BENEFIT PLANS

Sec. 1151. Nondiscrimination rules for coverage and benefits under certain statutory employee benefit plans. PART II—OTHER PROVISIONS

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Sec. 1161. Deductibility of health insurance costs of self-employed individuals. Sec. 1162. 2-year extension of exclusions for educational assistance programs and group legal plans. Sec. 1163. $5,000 limit on dependent care assistance exclusion. Sec. 1164. Tax treatment of faculty housing. Sec. 1165. Limitation on accrual of vacation pay. Sec. 1166. Treatment of certain full-time life insurance salesmen. " -iif'; JO < Sec. 1167. Extension of due date for study of welfare benefit plans. .» /^ri' Sec. 1168. Exclusion from gross income of certain military benefits. ,> ft;

TITLE XII—FOREIGN TAX PROVISIONS

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

Subtitle C—Changes Relating to Employee Stock Ownership Plans 1171. Repeal of employee stock ownership credit. 1172. Estate tax deduction for proceeds from sales of employer securities. 1173. Provisions relating to loans used to acquire employer securities. 1174. Requirements for employee stock ownership plans. 1175. Additional qualification requirements. 1176. Special ESOP requirements. ' 1177. Transition rules.

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Sec. 1201. Sec. 1202. Sec. 1203. Sec. 1204. Sec. 1205.

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

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

1211. 1212. 1213. 1214. 1215. 1216.

Subtitle A—Foreign Tax Credit Modifications Separate application of section 904 with respect to certain categories of income. Deemed paid credit under sections 902 and 960 determined on accumulated basis. Clarification of treatment of separate limitation losses. >;> >Foreign taxes used to provide subsidies. Limitation on carryback of foreign tax credits to taxable years beginning before 1987. Subtitle B—Source Rules Determination of source in case of sales of personal property. Special rules for transportation income. Source rule for space and certain ocean activities. Limitations on special treatment of 80-20-corporations. Rules for allocating interest, etc., to foreign source income. 1-year modification in regulations providing for allocation of research and experimental expenditures.

Subtitle C—Taxation of Income Earned Through Foreign Corporations 1221. Income subject to current taxation. 1222. Testing controlled foreign corporations and foreign personal holding compemies by value and voting power. 1223. Subpart F de minimis rule. 1224. Repeal of special treatment of possessions corporations. 1225. Only effectively connected capital gains and losses of foreign corporations taken into account for purposes of accumulated earnings tax and personal holding company provisions. 1226. Deductions for dividends received from certain foreign corporations. 1227. Special rule for application of section 954 to certain dividends. 1231. 1232. 1233. 1234. 1235. 1236.

Subtitle D—Special Tax Provisions for United States Persons Modifications to section 936. Treatment of certain persons in Panama. Provisions relating to section 911 exclusion. Foreign compliance provisions. ' Treatment of certain passive foreign investment companies. Treatment of interest on obligations of the United States received by banks organized in Guam.

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