Page:United States Statutes at Large Volume 116 Part 1.djvu/72

 116 STAT. 46 PUBLIC LAW 107-147—MAR. 9, 2002 26 USC 137. Applicability. 26 USC 23 note. (B) Paragraph (2) of section 137(b) is amended by striking "subsection (a)(1)" and inserting "subsection (a)". (3) EFFECTIVE DATE. — The amendments made by this subsection shall apply to taxable years beginning after December 31, 2002; except that the amendments made by paragraphs (1)(C), (1)(D), and (2)(B) shall apply to taxable years beginning after December 31, 2001. (d) AMENDMENTS RELATED TO SECTION 205 OF THE ACT. — (1) Section 45F(d)(4)(B) is amended by striking "subpart A, B, or D of this part" and inserting "this chapter or for purposes of section 55". (2) Section 38(b)(15) is amended by striking "45F" and inserting "45F(a)". (e) AMENDMENTS RELATED TO SECTION 301 OF THE ACT.— (1) Section 63(c)(2) is amended— (A) in subparagraph (A), by striking "subparagraph (C)" and inserting "subparagraph (D)", (B) by striking "or" at the end of subparagraph (B), (C) by redesignating subparagraph (C) as subparagraph (D), (D) by inserting after subparagraph (B) the following new subparagraph: "(C) one-half of the amount in effect under subparagraph (A) in the case of a married individual filing a separate return, or", and (E) by inserting the following flush sentence at the end: "If any amount determined under subparagraph (A) is not a multiple of $50, such amount shall be rounded to the next lowest multiple of $50.". (2)(A) Section 63(c)(4) is amended by striking "paragraph (2) or (5)" and inserting "paragraph (2)(B), (2)(D), or (5)". (B) Section 63(c)(4)(B)(i) is amended by striking "paragraph (2)" and inserting "paragraph (2)(B), (2)(D),". (C) Section 63(c)(4) is amended by striking the flush sentence at the end (as added by section 301(c)(2) of Public Law 107-17). (f) AMENDMENT RELATED TO SECTION 401 OF THE ACT. —Section 530(d)(4)(B)(iv) is amended by striking "because the taxpayer elected under paragraph (2)(C) to waive the application of paragraph (2)" and inserting "by application of paragraph (2)(C)(i)(II)". (g) AMENDMENTS RELATED TO SECTION 511 OF THE ACT. — (1) Section 2511(c) is amended by striking "taxable gift under section 2503," and inserting "transfer of property by gift,". (2) Section 2101(b) is amended by striking the last sentence. (h) AMENDMENT RELATED TO SECTION 532 OF THE ACT. —Section 2016 is amended by striking "any State, any possession of the United States, or the District of Columbia,". (i) AMENDMENTS RELATING TO SECTION 602 OF THE ACT.— (1) Subparagraph (A) of section 408(q)(3) is amended to read as follows: "(A) QUALIFIED EMPLOYER PLAN.— The term 'qualified employer plan' has the meaning given such term by section 72(p)(4)(A)(i); except that such term shall also include an eligible deferred compensation plan (as defined in section

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