Page:United States Statutes at Large Volume 96 Part 1.djvu/462

 96 STAT. 420

26 USC 6015, 6362, 6654. 26 USC 46, 53, ^^^26 USC 936. 26 USC 173.

PUBLIC LAW 97-248—SEPT. 3, 1982 for the taxable year shall not be less than 20 percent of the lesser of— "(i) the individual's alternative minimum taxable income (as defined in section 550))) for the taxable year, or "(ii) the individual's net United States real property gain for the taxable year." (7) Sections 6015(d)(l), 6362(b)(2)(A), and 6654(g)(l) are each amended by striking out "or 56". (8)(A) Sections 46(a)(4), 53(a), and 901(a) are each amended by striking out "(relating to minimum tax for tax preferences)" and inserting in lieu thereof "(relating to corporate minimum tax)". (B) Subparagraph (A) of section 936(a)(3) is amended by striking out "(relating to minimum tax)" and inserting in lieu thereof "(relating to corporate minimum tax)". (9)(A) Section 173 (relating to circulation expenditures) is amended— (i) by striking out "Notwithstanding section 263" and inserting in lieu thereof "(a) GENERAL RULE.—Notwithstanding section 263", and

(ii) by adding at the end thereof the following new subsection: "(b) CROSS REFERENCE.— "For election of 10-year amortization of expenditures allowable as a deduction under subsection (a), see section 58(i)."

26 USC 174.

(B) Subsection (e) of section 174 (relating to research and experimental expenditures) is amended— (i) by striking out "For adjustments" and inserting in lieu thereof "(1) For adjustments",

(ii) by adding at the end thereof the following new paragraph: "(2) For election of 10-year amortization of expenditures allowable as a deduction under subsection (a), see section 58(i).",

and (iii) by striking out "CROSS REFERENCE" and inserting in

26 USC 616.

lieu thereof "CROSS REFERENCES". (C) Section 616 (relating to development expenditures) is amended by adding at the end thereof the following new subsection: "(d) CROSS REFERENCE.— "For election of 10-year amortization of expenditures allowable as a deduction under subsection (a), see section 58(i)."

26 USC 617.

(D) Section 617 (relating to deduction of certain mining exploration expenditures) is amended by adding at the end thereof the following new subsection: "(j) CROSS REFERENCE.—

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