Page:United States Statutes at Large Volume 117.djvu/783

 117 STAT. 764 26 USC 467, 1255, 1257.

Applicability. 26 USC 1 note.

26 USC 1 note.

PUBLIC LAW 108–27—MAY 28, 2003

(ii) Sections 467(c)(5)(C), 1255(b)(2), and 1257(d) are each amended by striking ‘‘, 341(e)(12),’’. (iii) The table of subparts for part II of subchapter C of chapter 1 is amended by striking the item related to subpart C. (5) Section 531 is amended by striking ‘‘equal to’’ and all that follows and inserting ‘‘equal to 15 percent of the accumulated taxable income.’’. (6) Section 541 is amended by striking ‘‘equal to’’ and all that follows and inserting ‘‘equal to 15 percent of the undistributed personal holding company income.’’. (7) Section 584(c) is amended by adding at the end the following new flush sentence: ‘‘The proportionate share of each participant in the amount of dividends received by the common trust fund and to which section 1(h)(11) applies shall be considered for purposes of such paragraph as having been received by such participant.’’. (8) Paragraph (5) of section 702(a) is amended to read as follows: ‘‘(5) dividends with respect to which section 1(h)(11) or part VIII of subchapter B applies,’’. (f) EFFECTIVE DATE.— (1) IN GENERAL.—Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after December 31, 2002. (2) REGULATED INVESTMENT COMPANIES AND REAL ESTATE INVESTMENT TRUSTS.—In the case of a regulated investment company or a real estate investment trust, the amendments made by this section shall apply to taxable years ending after December 31, 2002; except that dividends received by such a company or trust on or before such date shall not be treated as qualified dividend income (as defined in section 1(h)(11)(B) of the Internal Revenue Code of 1986, as added by this Act). SEC. 303. SUNSET OF TITLE.

All provisions of, and amendments made by, this title shall not apply to taxable years beginning after December 31, 2008, and the Internal Revenue Code of 1986 shall be applied and administered to such years as if such provisions and amendments had never been enacted.

TITLE IV—TEMPORARY STATE FISCAL RELIEF 42 USC 1396d note.

SEC. 401. TEMPORARY STATE FISCAL RELIEF.

(a) $10,000,000,000 FOR A TEMPORARY INCREASE OF ICAID FMAP.— (1) PERMITTING MAINTENANCE OF FISCAL YEAR

THE

MED-

2002 FMAP FOR LAST 2 CALENDAR QUARTERS OF FISCAL YEAR 2003.—Subject

to paragraph (5), if the FMAP determined without regard to this subsection for a State for fiscal year 2003 is less than the FMAP as so determined for fiscal year 2002, the FMAP for the State for fiscal year 2002 shall be substituted for the State’s FMAP for the third and fourth calendar quarters of fiscal year 2003, before the application of this subsection.

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