Page:United States Statutes at Large Volume 124.djvu/3349

 124 STAT. 3323 PUBLIC LAW 111–312—DEC. 17, 2010 (b) REPEAL OF REFUNDABLE CREDIT FOR QZABS.—Paragraph (3) of section 6431(f) is amended by inserting ‘‘determined without regard to any allocation relating to the national zone academy bond limitation for 2011 or any carryforward of such allocation’’ after ‘‘54E)’’ in subparagraph (A)(iii). (c) EFFECTIVE DATE.—The amendments made by this section shall apply to obligations issued after December 31, 2010. SEC. 759. MORTGAGE INSURANCE PREMIUMS. (a) IN GENERAL.—Clause (iv) of section 163(h)(3)(E) is amended by striking ‘‘December 31, 2010’’ and inserting ‘‘December 31, 2011’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to amounts paid or accrued after December 31, 2010. SEC. 760. TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CER- TAIN SMALL BUSINESS STOCK. (a) IN GENERAL.—Paragraph (4) of section 1202(a) is amended— (1) by striking ‘‘January 1, 2011’’ and inserting ‘‘January 1, 2012’’, and (2) by inserting ‘‘AND 2011’’ after ‘‘2010’’ in the heading thereof. (b) EFFECTIVE DATE.—The amendments made by this section shall apply to stock acquired after December 31, 2010. Subtitle D—Temporary Disaster Relief Provisions PART Subpart A—New York Liberty Zone SEC. 761. TAX-EXEMPT BOND FINANCING. (a) IN GENERAL.—Subparagraph (D) of section 1400L(d)(2) is amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2012’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to bonds issued after December 31, 2009. Subpart B—GO Zone SEC. 762. INCREASE IN REHABILITATION CREDIT. (a) IN GENERAL.—Subsection (h) of section 1400N is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to amounts paid or incurred after December 31, 2009. SEC. 763. LOW -INCOME HOUSING CREDIT RULES FOR BUILDINGS IN GO ZONES. Section 1400N(c)(5) is amended by striking ‘‘January 1, 2011’’ and inserting ‘‘January 1, 2012’’. 26 USC 1400N note. 26 USC 1400L note. 26 USC 1202 note. 26 USC 163 note. 26 USC 54E. 26 USC 6431.