H.R.1—193
PART V—PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES
Sec. 1141. Credit for new qualified plug-in electric drive motor vehicles.
Sec. 1142. Credit for certain plug-in electric vehicles.
Sec. 1143. Conversion kits.
Sec. 1144. Treatment of alternative motor vehicle credit as a personal credit al-
lowed against AMT.
PART VI—PARITY FOR TRANSPORTATION FRINGE BENEFITS
Sec. 1151. Increased exclusion amount for commuter transit benefits and transit
passes.
Subtitle C—Tax Incentives for Business
PART I—TEMPORARY INVESTMENT INCENTIVES
Sec. 1201. Special allowance for certain property acquired during 2009.
Sec. 1202. Temporary increase in limitations on expensing of certain depreciable
business assets.
PART II—SMALL BUSINESS PROVISIONS
Sec. 1211. 5-year carryback of operating losses of small businesses.
Sec. 1212. Decreased required estimated tax payments in 2009 for certain small
businesses.
PART III—INCENTIVES FOR NEW JOBS
Sec. 1221. Incentives to hire unemployed veterans and disconnected youth.
PART IV—RULES RELATING TO DEBT INSTRUMENTS
Sec. 1231. Deferral and ratable inclusion of income arising from business indebted-
ness discharged by the reacquisition of a debt instrument.
Sec. 1232. Modifications of rules for original issue discount on certain high yield ob-
ligations.
PART V—QUALIFIED SMALL BUSINESS STOCK
Sec. 1241. Special rules applicable to qualified small business stock for 2009 and
2010.
PART VI—S CORPORATIONS
Sec. 1251. Temporary reduction in recognition period for built-in gains tax.
PART VII—RULES RELATING TO OWNERSHIP CHANGES
Sec. 1261. Clarification of regulations related to limitations on certain built-in
losses following an ownership change.
Sec. 1262. Treatment of certain ownership changes for purposes of limitations on
net operating loss carryforwards and certain built-in losses.
Subtitle D—Manufacturing Recovery Provisions
Sec. 1301. Temporary expansion of availability of industrial development bonds to
facilities manufacturing intangible property.
Sec. 1302. Credit for investment in advanced energy facilities.
Subtitle E—Economic Recovery Tools
Sec. 1401. Recovery zone bonds.
Sec. 1402. Tribal economic development bonds.
Sec. 1403. Increase in new markets tax credit.
Sec. 1404. Coordination of low-income housing credit and low-income housing
grants.
Subtitle F—Infrastructure Financing Tools
PART I—IMPROVED MARKETABILITY FOR TAX-EXEMPT BONDS
Sec. 1501. De minimis safe harbor exception for tax-exempt interest expense of fi-
nancial institutions.
Sec. 1502. Modification of small issuer exception to tax-exempt interest expense al-
location rules for financial institutions.
Sec. 1503. Temporary modification of alternative minimum tax limitations on tax-
exempt bonds.
Sec. 1504. Modification to high speed intercity rail facility bonds.
PART II—DELAY IN APPLICATION OF WITHHOLDING TAX ON GOVERNMENT
CONTRACTORS
Sec. 1511. Delay in application of withholding tax on government contractors.
H.R.1—193
PART V—PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES
Sec. 1141. Credit for new qualified plug-in electric drive motor vehicles.
Sec. 1142. Credit for certain plug-in electric vehicles.
Sec. 1143. Conversion kits.
Sec. 1144. Treatment of alternative motor vehicle credit as a personal credit al-
lowed against AMT.
PART VI—PARITY FOR TRANSPORTATION FRINGE BENEFITS
Sec. 1151. Increased exclusion amount for commuter transit benefits and transit
passes.
Subtitle C—Tax Incentives for Business
PART I—TEMPORARY INVESTMENT INCENTIVES
Sec. 1201. Special allowance for certain property acquired during 2009.
Sec. 1202. Temporary increase in limitations on expensing of certain depreciable
business assets.
PART II—SMALL BUSINESS PROVISIONS
Sec. 1211. 5-year carryback of operating losses of small businesses.
Sec. 1212. Decreased required estimated tax payments in 2009 for certain small
businesses.
PART III—INCENTIVES FOR NEW JOBS
Sec. 1221. Incentives to hire unemployed veterans and disconnected youth.
PART IV—RULES RELATING TO DEBT INSTRUMENTS
Sec. 1231. Deferral and ratable inclusion of income arising from business indebted-
ness discharged by the reacquisition of a debt instrument.
Sec. 1232. Modifications of rules for original issue discount on certain high yield ob-
ligations.
PART V—QUALIFIED SMALL BUSINESS STOCK
Sec. 1241. Special rules applicable to qualified small business stock for 2009 and
2010.
PART VI—S CORPORATIONS
Sec. 1251. Temporary reduction in recognition period for built-in gains tax.
PART VII—RULES RELATING TO OWNERSHIP CHANGES
Sec. 1261. Clarification of regulations related to limitations on certain built-in
losses following an ownership change.
Sec. 1262. Treatment of certain ownership changes for purposes of limitations on
net operating loss carryforwards and certain built-in losses.
Subtitle D—Manufacturing Recovery Provisions
Sec. 1301. Temporary expansion of availability of industrial development bonds to
facilities manufacturing intangible property.
Sec. 1302. Credit for investment in advanced energy facilities.
Subtitle E—Economic Recovery Tools
Sec. 1401. Recovery zone bonds.
Sec. 1402. Tribal economic development bonds.
Sec. 1403. Increase in new markets tax credit.
Sec. 1404. Coordination of low-income housing credit and low-income housing
grants.
Subtitle F—Infrastructure Financing Tools
PART I—IMPROVED MARKETABILITY FOR TAX-EXEMPT BONDS
Sec. 1501. De minimis safe harbor exception for tax-exempt interest expense of fi-
nancial institutions.
Sec. 1502. Modification of small issuer exception to tax-exempt interest expense al-
location rules for financial institutions.
Sec. 1503. Temporary modification of alternative minimum tax limitations on tax-
exempt bonds.
Sec. 1504. Modification to high speed intercity rail facility bonds.
PART II—DELAY IN APPLICATION OF WITHHOLDING TAX ON GOVERNMENT
CONTRACTORS
Sec. 1511. Delay in application of withholding tax on government contractors.
