Page:United States Statutes at Large Volume 120.djvu/2975

 120 STAT. 2944

PUBLIC LAW 109–432—DEC. 20, 2006

SEC. 121. AUTHORITY FOR UNDERCOVER OPERATIONS. 26 USC 7608.

Paragraph (6) of section 7608(c) (relating to application of section) is amended by striking ‘‘2007’’ both places it appears and inserting ‘‘2008’’. SEC. 122. DISCLOSURES OF CERTAIN TAX RETURN INFORMATION.

(a) DISCLOSURES TO FACILITATE COMBINED EMPLOYMENT TAX REPORTING.— (1) IN GENERAL.—Subparagraph (B) of section 6103(d)(5) (relating to termination) is amended by striking ‘‘2006’’ and inserting ‘‘2007’’. (2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply to disclosures after December 31, 2006. (b) DISCLOSURES RELATING TO TERRORIST ACTIVITIES.— (1) IN GENERAL.—Clause (iv) of section 6103(i)(3)(C) and subparagraph (E) of section 6103(i)(7) are each amended by striking ‘‘2006’’ and inserting ‘‘2007’’. (2) EFFECTIVE DATE.—The amendments made by paragraph (1) shall apply to disclosures after December 31, 2006. (c) DISCLOSURES RELATING TO STUDENT LOANS.— (1) IN GENERAL.—Subparagraph (D) of section 6103(l)(13) (relating to termination) is amended by striking ‘‘2006’’ and inserting ‘‘2007’’. (2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply to requests made after December 31, 2006.

26 USC 6103 note.

26 USC 6103 note.

26 USC 6103 note. 26 USC 41 note.

SEC. 123. SPECIAL RULE FOR ELECTIONS UNDER EXPIRED PROVISIONS.

Deadline.

(a) RESEARCH CREDIT ELECTIONS.—In the case of any taxable year ending after December 31, 2005, and before the date of the enactment of this Act, any election under section 41(c)(4) or section 280C(c)(3)(C) of the Internal Revenue Code of 1986 shall be treated as having been timely made for such taxable year if such election is made not later than the later of April 15, 2007, or such time as the Secretary of the Treasury, or his designee, may specify. Such election shall be made in the manner prescribed by such Secretary or designee. (b) OTHER ELECTIONS.—Except as otherwise provided by such Secretary or designee, a rule similar to the rule of subsection (a) shall apply with respect to elections under any other expired provision of the Internal Revenue Code of 1986 the applicability of which is extended by reason of the amendments made by this title.

TITLE II—ENERGY TAX PROVISIONS SEC. 201. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.

Subsection (d) of section 45 is amended by striking ‘‘January 1, 2008’’ each place it appears and inserting ‘‘January 1, 2009’’. SEC. 202. CREDIT TO HOLDERS OF CLEAN RENEWABLE ENERGY BONDS.

(a) IN GENERAL.—Section 54 is amended— (1) by striking ‘‘$800,000,000’’ in subsection (f)(1) and inserting ‘‘$1,200,000,000’’,

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