Page:United States Statutes at Large Volume 124.djvu/2420

 124 STAT. 2394 PUBLIC LAW 111–226—AUG. 10, 2010 30, 2011, unless, not later than 45 days after the date of enactment of this paragraph, the chief executive officer of the State certifies that the State will request and use such addi- tional Federal funds.’’; and (6) in subsection (h)(3), by striking ‘‘December 31, 2010’’ and inserting ‘‘June 30, 2011’’. TREATMENT OF CERTAIN DRUGS FOR COMPUTATION OF MEDICAID AMP SEC. 202. Effective as if included in the enactment of Public Law 111–148, section 1927(k)(1)(B)(i)(IV) of the Social Security Act (42 U.S.C. 1396r–8(k)(1)(B)(i)(IV)), as amended by section 2503(a)(2)(B) of Public Law 111–148 and section 1101(c)(2) of Public Law 111–152, is amended by adding at the end the following: ‘‘, unless the drug is an inhalation, infusion, instilled, implanted, or injectable drug that is not generally dispensed through a retail community pharmacy; and’’. SUNSET OF TEMPORARY INCREASE IN BENEFITS UNDER THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM SEC. 203. Section 101(a) of title I of division A of Public Law 111–5 (123 Stat. 120), as amended by section 4262 of this Act, is amended by striking paragraph (2) and inserting the following: ‘‘(2) TERMINATION.—The authority provided by this sub- section shall terminate after March 31, 2014.’’. Subtitle B—Revenue Offsets RULES TO PREVENT SPLITTING FOREIGN TAX CREDITS FROM THE INCOME TO WHICH THEY RELATE SEC. 211. (a) IN GENERAL.—Subpart A of part III of subchapter N of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ‘‘SEC. 909. SUSPENSION OF TAXES AND CREDITS UNTIL RELATED INCOME TAKEN INTO ACCOUNT. ‘‘(a) IN GENERAL.—If there is a foreign tax credit splitting event with respect to a foreign income tax paid or accrued by the taxpayer, such tax shall not be taken into account for purposes of this title before the taxable year in which the related income is taken into account under this chapter by the taxpayer. ‘‘(b) SPECIAL RULES WITH RESPECT TO SECTION 902 CORPORA- TIONS.—If there is a foreign tax credit splitting event with respect to a foreign income tax paid or accrued by a section 902 corporation, such tax shall not be taken into account— ‘‘(1) for purposes of section 902 or 960, or ‘‘(2) for purposes of determining earnings and profits under section 964(a), before the taxable year in which the related income is taken into account under this chapter by such section 902 corporation or a domestic corporation which meets the ownership requirements of subsection (a) or (b) of section 902 with respect to such section 902 corporation. ‘‘(c) SPECIAL RULES.—For purposes of this section— ‘‘(1) APPLICATION TO PARTNERSHIPS, ETC.—In the case of a partnership, subsections (a) and (b) shall be applied at the partner level. Except as otherwise provided by the Secretary, 26 USC 909. 42 USC 1396r–8 note.