Page:United States Statutes at Large Volume 122.djvu/1658

 12 2 STA T . 1 635PUBLIC LA W 11 0– 2 4 5 —J U NE 1 7, 200 8‘ ‘ (2)the 2 suc cee ding t ax a bl e y ea r s . ‘‘(e) CERTAINRUL E S T OAP PL Y . —Fo r p urposes o f this section , rules si m ilar to the rules of subsections (c), (d), and (e) of section 5 2 shall apply. ‘‘(f) T ER M INATION.—This section shall not apply to any pay - ments made after D ecember 31 ,2 0 0 9 . ’ ’. (b) CRE D IT TREATED AS P ART O FG ENERAL B USINESS CREDIT.— S ection 3 8 (b) (relating to general business credit) is amended by stri k ing ‘‘plus’’ at the end of paragraph (31), by striking the period at the end of paragraph (32) and inserting ‘‘, plus’’, and by adding at the end of follo w ing new paragraph

‘‘(33) the differential wage payment credit determined under section 4 5P(a).’’. (c) N O DEDU C TION FOR COMPENSATION TA K EN I NTO ACCOUNT FOR CREDIT.—Section 280C(a) (relating to rule for employment credits) is amended by inserting ‘‘45P(a),’’ after ‘‘45A(a),’’. (d) CLERICAL AMENDMENT.—The table of sections for subpart DofpartI V of subchapter A of chapter 1 is amended by adding at the end the following new item: ‘ ‘ Sec.45P . Employ e rwag e cre ditf or employee s w h o are acti v ed u ty mem b ers of the u n iformed services. ’ ’. (e) E FFECTI V E DATE.—The amendments made by this section shall apply to amounts paid after the date of the enactment of this Act. SEC.1 1 2 . S TA TE P A YM E N TST O SE RVI CE MEM B ERS TREATE D AS QU A L I F IED MILITARY BENEFITS. (a) IN GENERAL.—Section 134(b) (defining q ualified military benefit) is amended by adding at the end the following new para- graph: ‘‘( 6 ) CERTAIN STATE PAYMENTS.—The term ‘qualified mili- tary benefit’ includes any bonus payment by a State or political subdi v ision thereof to any member or former member of the uniformed services of the U nited States or any dependent of such member only by reason of such member’s service in an combat z one (as defined in section 112(c)(2), determined without regard to the parenthetical).’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to payments made before, on, or after the date of the enactment of this Act. SEC. 11 3 . PERMANENT E X CLUSION OF G AIN FROM SALE OF A PRIN - CIPAL RESIDENCE BY CERTAIN EMPLOYEES OF T H E INTELLIGENCE COMMUNITY. (a) IN GENERAL.—Paragraph (9) of section 121(d) is amended by striking subparagraph (E). (b) DUTY STATION M AY BE INSIDE UNITED STATES.—Section 121(d)(9)(C) (defining qualified official extended duty) is amended by striking clause (vi). (c) EFFECTIVE DATE.—The amendments made by this section shall apply to sales or exchanges after the date of the enactment of this Act. 26USC1 21 note. 26USC1 34 note. 26USC3 8 note. 26 USC 38.

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