Page:United States Statutes at Large Volume 112 Part 1.djvu/822

 112 STAT. 796 PUBLIC LAW 105-206—JULY 22, 1998 "The term 'student loan' includes any loan made by an educational organization described in section 170(b)(l)(A)(ii) or by an organization exempt from tax under section 501(a) to refinance a loein to an individual to assist the individual in attending any such educational organization but only if the refinancing loan is pursuant to a program of the refinancing organization which is designed as described in subparagraph (D)(ii).". (2) Section 108(f)(3) of the 1986 Code is amended by striking "(or by an organization described in paragraph (2)(E) from funds provided by an organization described in paragraph (2)(D))". (g) AMENDMENTS RELATED TO SECTION 226 OF 1997 ACT. — 26 USC 1397D, (1) Section 226(a) of the 1997 Act is amended by striking 1397F. "section 1397E" and inserting "section 1397D". (2) Section 1397E(d)(4)(B) of the 1986 Code is amended by striking "local education agency as defined" and inserting "local educational agency as denned". (3) Section 1397E is amended by adding at the end the following new subsection: " (h) CREDIT TREATED AS ALLOWED UNDER PART IV OF SUB- CHAPTER A.— For purposes of subtitle F, the credit allowed by this section shall be treated as a credit allowable under part IV of subchapter A of this chapter.". (4) Subsection (g) of section 1397E of the 1986 Code is amended by inserting "(determined without regard to subsection (c))" after "section". (5) Subparagraph (D) of section 42(j)(4) of the 1986 Code is amended by striking "subpart A, B, D, or G of this part" and inserting "this chapter". (6) Paragraph (4) of section 49(b) of the 1986 Code is emaended by striking "subpart A, B, D, or G" and inserting "this chapter". (7) Subparagraph (C) of section 50(a)(5) of the 1986 Code is amended by striking "subpart A, B, D, or G" and inserting "this chapter". SEC. 6005. AMENDMENTS RELATED TO TITLE HI OF 1997 ACT. (a) AMENDMENTS RELATED TO SECTION 301 OF 1997 ACT. — (1) Section 219(g) of the 1986 Code is amended— (A) by inserting "or the individual's spouse" after "individual" in paragraph (1); and (B) by striking paragraph (7) and inserting: "(7) SPECIAL RULE FOR SPOUSES WHO ARE NOT ACTIVE PARTICIPANTS. — If this subsection applies to an individual for any taxable year solely because their spouse is an active participant, then, in applying this subsection to the individual (but not their spouse)— "(A) the applicable dollar amount under paragraph (3)(B)(i) shall be $150,000; and "(B) the amount applicable under paragraph (2)(A)(ii) shall be $10,000. ". 26 USC 219. (2) Paragraph (2) of section 301(a) of the 1997 Act is amended by inserting "after '$10,000'" before the period. (b) AMENDMENTS RELATED TO SECTION 302 OF 1997 ACT.— (1) Section 408A(c)(3)(A) of the 1986 Code is amended by striking "shall be reduced" and inserting "shall not exceed

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