Page:United States Statutes at Large Volume 90 Part 2.djvu/300

 90 STAT. 1768

PUBLIC LAW 94-455—OCT. 4, 1976 (relating to property confiscated by Cuba), and by redesignating subsection (j) as subsection (i).

26 USC 167

(^^) AMENDMENTS OF SECTION 1 6 7. —

(A) Section 167(d) (relating to agreement as to useful life for depreciation) is amended by striking out "after the date of enactment of this title" and inserting m lieu thereof "after August 16, 1954". (B) Section 167(f)(2) (defining personal property) is amended by striking out "the date of the enactment of the Revenue Act of 1962" and inserting in lieu thereof "October 16, 1962". (C) Section 167(1)(4)(A) (relating to election as to increased-capacity property) is amended by striking out "within 180 days after the date of the enactment of this subparagraph" and inserting in lieu thereof "before June 29, 1970,". 9fi Iter i7n

(^^) AMENDMENTS OF SECTION I 7 O, —

M U » 170. 5L

^^^ ^j^ Section 170 (relating to charitable deductions) is amended by striking out subsections (f)(6) and (g) (relating to unlimited charitable deductions allowed for taxable years beginning before January 1, 1975), and by redesignating subsections (h), (i), and (j) as subsections (g), (h), and (i), respectively. (ii) Section 170(b)(1) (relating to percentage limitations on deductions for individuals) is amended by striking out subparagraph (C) (relating to unlimited deductions), and by redesignating subparagraphs (D), (E), and (F) as subparagraphs (C), (D), and (E), respectively. (iii) Section lTO(b)(1)(A) (vii) is amended by striking out "subparagraph (E) " and inserting in lieu thereof "subparagraph (D)". (iv) Section 170(b)(1)(B) (ii) is amended by striking out "subparagraph (D) " and inserting in lieu thereof "subparagraph (C)". (v) Section 170(c) (relating to definition of charitable contribution) is amended by striking out in the last sentence "subsection (h) " and inserting in lieu thereof "subsection (g)". (vi) Section 170(e)(1)(B) (ii) (relating to certain contributions of ordinary income and capital gain property) is amended by striking out "subsection (b)(1)(E) " and inserting in lieu thereof "subsection (b)(1)(D)". (B) Section 170(d)(1)(A) (relating to carryover of excess charitable contributions) is amended by striking out "(30 percent, in the case of a contribution year beginning before January 1, 1970)". (C) Section 170(h) (relating to disallowance of deductions in certain cases), as redesignated by subparagraph (A)(i) of this paragraph, is amended by striking out "64 Stat. 996;". (D) Section 170(i) (relating to cross references), as redesignated by subparagraph (A)(i) of this paragraph, is amended to read as follows: "(i)

OTHER CROSS REFERENCES.—

"(1) For charitable contributions of estates and trusts, see section 642(c).

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