Page:United States Statutes at Large Volume 124.djvu/3346

 124 STAT. 3320 PUBLIC LAW 111–312—DEC. 17, 2010 (2) by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2012’’. (b) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 2009. SEC. 747. MODIFICATION OF TAX TREATMENT OF CERTAIN PAYMENTS TO CONTROLLING EXEMPT ORGANIZATIONS. (a) IN GENERAL.—Clause (iv) of section 512(b)(13)(E) is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to payments received or accrued after December 31, 2009. SEC. 748. TREATMENT OF CERTAIN DIVIDENDS OF REGULATED INVESTMENT COMPANIES. (a) IN GENERAL.—Paragraphs (1)(C) and (2)(C) of section 871(k) are each amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (b) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 2009. SEC. 749. RIC QUALIFIED INVESTMENT ENTITY TREATMENT UNDER FIRPTA. (a) IN GENERAL.—Clause (ii) of section 897(h)(4)(A) is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (b) EFFECTIVE DATE.— (1) IN GENERAL.—The amendment made by subsection (a) shall take effect on January 1, 2010. Notwithstanding the pre- ceding sentence, such amendment shall not apply with respect to the withholding requirement under section 1445 of the Internal Revenue Code of 1986 for any payment made before the date of the enactment of this Act. (2) AMOUNTS WITHHELD ON OR BEFORE DATE OF ENACT- MENT.—In the case of a regulated investment company— (A) which makes a distribution after December 31, 2009, and before the date of the enactment of this Act; and (B) which would (but for the second sentence of para- graph (1)) have been required to withhold with respect to such distribution under section 1445 of such Code, such investment company shall not be liable to any person to whom such distribution was made for any amount so with- held and paid over to the Secretary of the Treasury. SEC. 750. EXCEPTIONS FOR ACTIVE FINANCING INCOME. (a) IN GENERAL.—Sections 953(e)(10) and 954(h)(9) are each amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2012’’. (b) CONFORMING AMENDMENT.—Section 953(e)(10) is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2009, and to taxable years of United States share- holders with or within which any such taxable year of such foreign corporation ends. 26 USC 953 note. 26 USC 897 note. 26 USC 871 note. 26 USC 512. 26 USC 512. 26 USC 199 note.