Page:United States Statutes at Large Volume 90 Part 2.djvu/301

 PUBLIC LAW 94-455—OCT. 4, 1976

90 STAT. 1769

"(2) For nondeductibility of contributions by common trust funds, see section 584. "(3) For charitable contributions of partners, see section 702. "(4) For charitable contributions of nonresident aliens, see section 873. "(5) For treatment of gifts for benefit of or use in connection with the Naval Academy as gifts to or for use of the United States, see section 6973 of title 10, United States Code. "(6) For treatment of gifts accepted by the Secretary of State under the Foreign Service Act of 1946 as gifts to or for the use of the United States, see section 1021(e) of that Act (22 U.S.C. 809(e)). "(7) For treatment of gifts of money accepted by the Attorney General for credit to the 'Commissary Funds, Federal Prisons' as gifts to or for the use of the United States, see section 2 of the Act of May 15, 1952. as amended by the Act of July 9, 1952 (31 U.S.C. 7258-4)." (29) AMENDMENTS OF SECTION 172.—

(A)(i) Section 172(b)(1) (relating to years to which loss may be carried) is amended by striking out subparagraph (E). (ii) Section 172(b)(3) is amended by striking out subparagraphs (E) and (F). (B) Section 172(c) (relating to definition of net operating loss) is amended by striking out " ( for any taxable year endi n g after December 31, 1953)". (C)(i) Section 172 (relating to net operating loss deduction) is amended by striking out subsections (f), (g), and (i), and by redesignating subsections (h), (j), (k), and (1) as subsections (f), (g), (h), and (i), respectively. (ii) Section 172(b)(1)(C) (relating to regulated transportation corporations) is amended by striking out "subsection (j)(l) " and "subsection (j) ", and inserting in lieu thereof "subsection (g)(1) " and "subsection (g) ", respectively. (iii) Paragraph s (1)(D) and (3)(C)(i) of section 172 (b) (relating to net operating loss carryovers and carrybacks) are each amended by striking out "subsection (k) " and inserting in lieu thereof "subsection (h) ". (iv) Section 172(b)(2) (relating to amount of carrybacks and carryovers) is amended by striking out "subsections (i) and (]*)" and inserting in lieu thereof 'Subsection (g) ". (D) Section 172(e) (relating to law applicable to computations) is amended by striking out the last sentence. (E) Section 172(g)(2) (relating to certain regulated transportation corporations), as redesignated by subparagraph (C) of this paragraph, is amended by striking out paragraph (4). (30) AMENDMENTS OF SECTIONS 174 AND 175.—Section 174(a)(2)

Ante, p. 1755. 26 USC 172.

Post, p. 1920.

,, »;,, i " ' *

26 USC 174 j^g

(A)(i) (relating to research and development expenditures) and section 175(d)(1)(A) (relating to soil and water conservation expenditures) are each amended by striking o u t " the date on which this title is enacted," and inserting in lieu thereof "August 16, 1954,". (31) REPEAL OF SECTION I87.—Section 187 ( r e l a t i n g to r a p i d

26 USC 187.

amortization for certain coal mine safety equipment) is repealed. (32) AMENDMENT OF SECTION 219.—Section 219(b)(2)(A) (iv)

26 USC 219.

(disqualifying goveinmental plan participants from contributing to individual retirement accounts, etc.) is amended by striking out "division" and inserting in lieu thereof "subdivision". (33) REPEAL OF SECTION 242.—Section 242 (relating to p a r -

tially tax-exempt interest received by corporations) is repealed. (34)

AMENDMENTS OF SECTION 243.—

26 USC 242.

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