Page:United States Statutes at Large Volume 122.djvu/2901

 12 2 STA T . 2 87 8 PUBLIC LA W 11 0– 28 9—J UL Y3 0, 2008 Sec.301 0. Ex ce ption to a nn u a l cu r rent inco m e d etermination re q uirement wh ere determination not rele v ant. Su b title B— Sin g le F amil yH ou s ing Sec. 3011. First - time homebuyer credit. Sec. 301 2 . A dditional standard deduction f or real property taxes for nonitemi z ers. Subtitle C — G eneral P rovisions Sec. 3021. T emporary liberalization of tax-exempt housing bond rules. Sec. 3022. R epeal of alternative minimum tax limitations on tax-exempt housing bonds , low-income housing tax credit, and rehabilitation credit. Sec. 3023. Bonds guaranteed by Federal home loan ban k s eligible for treatment as tax-exempt bonds. Sec. 302 4 . M odification of rules pertaining to F I RPTA nonforeign affidavits. Sec. 302 5 . Modification of definition of tax-exempt use property for purposes of the rehabilitation credit. Sec. 302 6 . Extension of special rule for mortgage revenue bonds for residences lo- cated in disaster areas. Sec. 302 7 . Transfer of funds appropriated to carry out 200 8 recovery rebates for in- dividuals. TIT L E II—REF O RMS RELATE D TO REAL ESTATE I NV ESTMENT TR U STS Subtitle A—Foreign Currency and Other Q ualified Activities Sec. 3031. Revisions to REIT income tests. Sec. 3032. Revisions to REIT asset tests. Sec. 3033. Conforming foreign currency revisions. Subtitle B—Taxable REIT Subsidiaries Sec. 3041. Conforming taxable REIT subsidiary asset test. Subtitle C—Dealer Sales Sec. 3051. Holding period under safe harbor. Sec. 3052. Determining value of sales under safe harbor. Subtitle D—Health Care REITs Sec. 3061. Conformity for health care facilities. Subtitle E—Effective Dates Sec. 3071. Effective dates. TITLE III—REVENUE PROVISIONS Subtitle A—General Provisions Sec. 3081. Election to accelerate the AMT and research credits in lieu of bonus de- preciation. Sec. 3082. Certain GO Z one incentives. Sec. 3083. Increase in statutory limit on the public debt. Subtitle B—Revenue Offsets Sec. 30 9 1. Returns relating to payments made in settlement of payment card and third party network transactions. Sec. 3092. Gain from sale of principal residence allocated to nonqualified use not excluded from income. Sec. 3093. Delay in application of worldwide allocation of interest. Sec. 3094. Time for payment of corporate estimated taxes. TI T LE I —HOUS I NG T AX IN C ENTI V ES S ubti t le A— M ulti -Fam il y H o u s i ngPARTI—LOW- I NC O MEH O US IN G TA X CRE D IT SEC.30 0 1 . T E MPORA R YIN CREASE IN V O LU ME CAP F OR LO W- INCOME H OUSIN G TA X CRE D IT. Par a g ra ph(3)ofsecti o n42 (h)isa m en d ed by adding at the end the fo l lo w ing new s u bparagraph

�