Page:United States Statutes at Large Volume 111 Part 1.djvu/813

 PUBLIC LAW 105-34—AUG. 5, 1997 111 STAT. 789 Sec. 222. Repeal of limitation on qualified 501(c)(3) bonds other than hospital bonds. Sec. 223. Increase in arbitrage rebate exception for governmental bonds used to finance education facilities. Sec. 224. Contributions of computer technology and equipment for elementary or secondary school purposes. Sec. 225. Treatment of cancellation of certain student loans. Sec. 226. Incentives for education zones. TITLE III—SAVINGS AND INVESTMENT INCENTIVES Subtitle A—Retirement Savings Sec. 301. Restoration of IRA deduction for certain taxpayers. Sec. 302. Establishment of nondeductible tax-free individual retirement accounts. Sec. 303. Distributions from certain plans may be used without penalty to purchase first homes. Sec. 304. Certain bullion not treated as collectibles. Subtitle B—Capital Gains Sec. 311. 20 percent maximum capital gains rate for individuals. Sec. 312. Exemption from tax for gain on sale of principal residence. Sec. 313. Rollover of gain from sale of qualified stock. Sec. 314. Amount of net capital gain taken into account in computing alternative tax on capital gains for corporations not to exceed taxable income of the corporation. TITLE IV—ALTERNATIVE MINIMUM TAX REFORM Sec. 401. Exemption from alternative minimum tax for small corporations. Sec. 402. Repeal of separate depreciation lives for minimum tax purposes. Sec. 403. Minimum tax not to apply to farmers' installment sales. TITLE V—ESTATE, GIFT, AND GENERATION-SKIPPING TAX PROVISIONS Subtitle A—Estate and Gift Tax Provisions Sec. 501. Cost-of-living adjustments relating to estate and gift tax provisions. Sec. 502. Famihr-owned business exclusion. Sec. 503. Modifications to rate of interest on portion of estate tax extended under section 6166. Sec. 504. Extension of treatment of certain rents under section 2032A to lineal descendants. Sec. 505. Clarification of judicial review of eligibility for extension of time for pay- ment of estate tax. Sec. 506. Gifts may not be revalued for estate tax purposes after expiration of statute of limitations. Sec. 507. Repeal of throwback rules applicable to certain domestic trusts. Sec. 508. Treatment of land subject to a qualified conservation easement. Subtitle B—Greneration-Skipping Tax Provision Sec. 511. Expansion of exception from generation-skipping transfer tax for transfers to individuals with deceased parents. TITLE VI—EXTENSIONS Sec. 601. Research tax credit. Sec. 602. Contributions of stock to private foundations. Sec. 603. Work opportunity tax credit. Sec. 604. Orphan drug tax credit. TITLE VII—INCENTIVES FOR REVITALIZATION OF THE DISTRICT OF COLUMBIA Sec. 701. Tax incentives for revitalization of the District of Columbia. TITLE VIII—WELFARE-TO-WORK INCENTIVES Sec. 801. Incentives for employing long-term family assistance recipients. TITLE—MISCELLANEOUS PROVISIONS Subtitle A—Provisions Relating to Excise Taxes Sec. 901. General revenue portion of highway motor fuels taxes deposited into Highway Trust Fund. Sec. 902. Repeal of tax on diesel fuel used in recreational boats.

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