Page:United States Statutes at Large Volume 95.djvu/199

 PUBLIC LAW 97-34—AUG. 13, 1981 Sec. Sec. Sec. Sec. Sec.

205. 206. 207. 208. 209.

Minimum tax treatment. Earnings and profits. Extension of carryover period for net operating losses and certain credits. Carryover of recovery attribute in section 381 transactions. Effective dates. Subtitle B—Investment Tax Credit Provisions

Sec. Sec. Sec. Sec.

211. 212. 213. 214.

Modification of investment tax credit to reflect accelerated cost recovery. Increase in investment tax credit for qualified rehabilitation expenditures. Investment credit for used property; increase in dollar limit. Investment tax credit allowed for certain rehabilitated buildings leased to tax-exempt organizations or to governmental units. Subtitle C—Incentives for Research and Experimentation

Sec. 221. Credit for increasing research activities. Sec. 222. Charitable contributions of scientific property used for research. Sec. 223. Suspension of regulations relating to allocation under section 861 of research and experimental expenditures. Subtitle D—Small Business Provisions Sec. Sec. Sec. Sec. Sec.

231. 232. 233. 234. 235.

Reduction in corporate rate taxes. Increase in accumulated earnings credit. Subchapter S shareholders. Treatment of trusts as subchapter S shareholders. Simplification of LIFO by use of Government indexes to be provided by regulations. Sec. 236. Three-year averaging permitted for increases in inventory value. Sec. 237. Election by small business to use one inventory pool when LIFO is elected. Subtitle E—Savings and Loan Associations

Sec. Sec. Sec. Sec. Sec. Sec.

241. 242. 243. 244. 245. 246.

Reorganizations involving financially troubled thrift institutions. Limitations on carryovers of financial institutions. Reserves for losses on loans. FSLIC financial assistance. Mutual savings banks with capital stock. Effective dates. Subtitle F—Stock Options, Etc.

Sec. 251. Stock options. Sec. 252. Property transferred to employees subject to certain restrictions. Subtitle G—Miscellaneous Provisions Sec. 261. Adjustments to new jobs credit. Sec. 262. Section 189 made inapplicable to low-income housing. Sec. 263. Increase in deduction allowable to a corporation in any taxable year for charitable contributions. Sec. 264. Amortization of low-income housing. Sec. 265. Deductibility of gifts by employers to employees. Sec. 266. Deduction for motor carrier operating authority. Sec. 267. Limitation on additions to bank loss reserves. TITLE III—SAVINGS PROVISIONS Subtitle A—Interest Exclusion Sec. 301. Exclusion of interest on certain savings certificates. Sec. 302. Partial exclusion of interest. Subtitle B—Retirement Savings Provisions Sec. Sec. Sec. Sec.

311. 312. 313. 314.

Retirement savings. Increase in amount of self-employed retirement plan deduction. Rollovers under bond purchase plans. Miscellaneous provisions.

95 STAT. 173

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