Page:United States Statutes at Large Volume 124.djvu/1382

 124 STAT. 1356 PUBLIC LAW 111–198—JULY 2, 2010 Public Law 111–198 111th Congress An Act To amend the Internal Revenue Code of 1986 to extend the homebuyer tax credit for the purchase of a principal residence before October 1, 2010, in the case of a written binding contract entered into with respect to such principal residence before May 1, 2010, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ‘‘Homebuyer Assistance and Improvement Act of 2010’’. SEC. 2. EXTENSION OF HOMEBUYER CREDIT FOR CERTAIN PURCHASES PURSUANT TO BINDING CONTRACTS. (a) IN GENERAL.—Paragraph (2) of section 36(h) of the Internal Revenue Code of 1986 is amended by striking ‘‘paragraph (1) shall be applied by substituting ‘July 1, 2010’ ’’ and inserting ‘‘and who purchases such residence before October 1, 2010, paragraph (1) shall be applied by substituting ‘October 1, 2010’ ’’. (b) CONFORMING AMENDMENT.—Subparagraph (B) of section 36(h)(3) of such Code is amended by inserting ‘‘, and for ‘October 1, 2010’ ’’ after ‘‘for ‘July 1, 2010’ ’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to residences purchased after June 30, 2010. SEC. 3. APPLICATION OF BAD CHECKS PENALTY TO ELECTRONIC PAY- MENTS. (a) IN GENERAL.—Section 6657 of the Internal Revenue Code of 1986 is amended— (1) by striking ‘‘If any check or money order in payment of any amount’’ and inserting ‘‘If any instrument in payment, by any commercially acceptable means, of any amount’’, and (2) by striking ‘‘such check’’ each place it appears and inserting ‘‘such instrument’’. (b) EFFECTIVE DATES.—The amendments made by this section shall apply to instruments tendered after the date of the enactment of this Act. SEC. 4. DISCLOSURE OF PRISONER RETURN INFORMATION TO STATE PRISONS. (a) IN GENERAL.—Subparagraph (A) of section 6103(k)(10) of the Internal Revenue Code of 1986 is amended— (1) by inserting ‘‘and the head of any State agency charged with the responsibility for administration of prisons’’ after ‘‘the head of the Federal Bureau of Prisons’’, and 26 USC 6657 note. 26 USC 36 note. 26 USC 36. 26 USC 1 note. Homebuyer Assistance and Improvement Act of 2010. July 2, 2010 [H.R. 5623]