Page:United States Statutes at Large Volume 114 Part 5.djvu/666

 114 STAT. 2763A-626 PUBLIC LAW 106-554—APPENDIX G (2) by striking "2007" each place it appears and inserting "2008". SEC. 165. EXTENSION OF ENHANCED DEDUCTION FOR CORPORATE DONATIONS OF COMPUTER TECHNOLOGY. (a) EXPANSION OF COMPUTER TECHNOLOGY DONATIONS TO PUB- LIC LIBRARIES. — (1) IN GENERAL. —Paragraph (6) of section 170(e) (relating to special rule for contributions of computer technology and equipment for elementary or secondary school purposes) is amended by striking "qualified elementary or secondary educational contribution" each place it occurs in the headings and text and inserting "qualified computer contribution". (2) EXPANSION OF ELIGIBLE DONEES.—Clause (i) of section 170(e)(6)(B) (relating to qualified elementary or secondary educational contribution) is amended by striking "or" at the end of subclause (I), by adding "or" at the end of subclause (II), and by inserting after subclause (II) the following new subclause: "(III) a public library (within the meaning of section 213(2)(A) of the Library Services and Technology Act (20 U.S.C. 9122(2)(A)), as in effect on the date of the enactment of the Community Renewal Tax Relief Act of 2000, established and maintained by an entity described in subsection (0(1),". (3) EXTENSION OF DONATION PERIOD. —Clause (ii) of section 170(e)(6)(B) is amended by striking "2 years" and inserting "3 years". (b) CONFORMING AMENDMENTS.— (1) Section 170(e)(6)(B)(iv) is amended by striking "in any grades of the K-12". (2) The heading of paragraph (6) of section 170(e) is amended by striking "ELEMENTARY OR SECONDARY SCHOOL PURPOSES" and inserting "EDUCATIONAL PURPOSES". (c) EXTENSION OF DEDUCTION.— Section 170(e)(6)(F) (relating to termination) is amended by striking "December 31, 2000" and inserting "December 31, 2003". (d) STANDARDS AS TO FUNCTIONALITY AND SUITABILITY. — Subparagraph (B) of section 170(e)(6) is amended by striking "and" at the end of clause (vi), by striking the period at the end of clause (vii) and inserting ", and", and by adding at the end the following new clause: "(viii) the property meets such standards, if any, as the Secretary may prescribe by regulation to assure that the property meets minimum functionality and suitability standards for educational purposes.". (e) DONATIONS OF COMPUTERS REACQUIRED BY MANUFAC- TURER. —Paragraph (6) of section 170(e) is further amended by redesignating subparagraphs (D), (E), and (F) as subparagraphs (E), (F), and (G), respectively, and by inserting after subparagraph (C) the following new subparagraph: " (D) DONATIONS OF PROPERTY REACQUIRED BY MANU- FACTURER. —In the case of property which is reacquired by the person who constructed the property— "(i) subparagraph (B)(ii) shall be applied to a contribution of such property by such person by taking

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