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American Recovery and Reinvestment Act of 2009/Division B/Title I
TITLE I — TAX PROVISIONS[ edit ] [ edit ] (a) Short Title.—
This title may be cited as the ``American Recovery and Reinvestment Tax Act of 2009 ´´.
(b) Reference.—
Except as otherwise expressly provided, whenever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986 .
(c) Table of Contents.—
The table of contents for this title is as follows: TITLE I—TAX PROVISIONS
Sec. 1000. Short title, etc. Subtitle A—Tax Relief for Individuals and Families Part I—General Tax Relief Sec. 1001. Making work pay credit.
Sec. 1002. Temporary increase in earned income tax credit.
Sec. 1003. Temporary increase of refundable portion of child credit.
Sec. 1004. American opportunity tax credit.
Sec. 1005. Computer technology and equipment allowed as a qualified higher education expense for section 529 accounts in 2009 and 2010.
Sec. 1006. Extension of and increase in first-time homebuyer credit; waiver of requirement to repay.
Sec. 1007. Suspension of tax on portion of unemployment compensation.
Sec. 1008. Additional deduction for State sales tax and excise tax on the purchase of certain motor vehicles. Part II—Alternative Minimum Tax Relief Sec. 1011. Extension of alternative minimum tax relief for nonrefundable personal credits.
Sec. 1012. Extension of increased alternative minimum tax exemption amount. Subtitle B—Energy Incentives Part I—Renewable Energy Incentives Sec. 1101. Extension of credit for electricity produced from certain renewable resources.
Sec. 1102. Election of investment credit in lieu of production credit.
Sec. 1103. Repeal of certain limitations on credit for renewable energy property.
Sec. 1104. Coordination with renewable energy grants. Part II—Increased Allocations of New Clean Renewable Energy Bonds and Qualified Energy Conservation Bonds Sec. 1111. Increased limitation on issuance of new clean renewable energy bonds.
Sec. 1112. Increased limitation on issuance of qualified energy conservation bonds. Part III—Energy Conservation Incentives Sec. 1121. Extension and modification of credit for nonbusiness energy property.
Sec. 1122. Modification of credit for residential energy efficient property.
Sec. 1123. Temporary increase in credit for alternative fuel vehicle refueling property. Part IV—Modification of Credit for Carbon Dioxide Sequestration Sec. 1131. Application of monitoring requirements to carbon dioxide used as a tertiary injectant. 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 allowed 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 indebtedness discharged by the reacquisition of a debt instrument.
Sec. 1232. Modifications of rules for original issue discount on certain high yield obligations. 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 financial institutions.
Sec. 1502. Modification of small issuer exception to tax-exempt interest expense allocation 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. Part III—Tax Credit Bonds for Schools Sec. 1521. Qualified school construction bonds.
Sec. 1522. Extension and expansion of qualified zone academy bonds. Part IV—Build America Bonds Sec. 1531. Build America bonds. Part V—Regulated Investment Companies Allowed to Pass-Thru Tax Credit Bond Credits Sec. 1541. Regulated investment companies allowed to pass-thru tax credit bond credits. Subtitle G—Other Provisions Sec. 1601. Application of certain labor standards to projects financed with certain tax-favored bonds.
Sec. 1602. Grants to States for low-income housing projects in lieu of low-income housing credit allocations for 2009.
Sec. 1603. Grants for specified energy property in lieu of tax credits.
Sec. 1604. Increase in public debt limit. Subtitle H—Prohibition on Collection of Certain Payments Made Under the Continued Dumping and Subsidy Offset Act of 2000 Sec. 1701. Prohibition on collection of certain payments made under the Continued Dumping and Subsidy Offset Act of 2000. Subtitle I—Trade Adjustment Assistance Sec. 1800. Short title.
Part I—Trade Adjustment Assistance for Workers Subpart a—trade adjustment assistance for service sector workers
Sec. 1801. Extension of trade adjustment assistance to service sector and public agency workers; shifts in production.
Sec. 1802. Separate basis for certification.
Sec. 1803. Determinations by Secretary of Labor.
Sec. 1804. Monitoring and reporting relating to service sector.
Subpart b—industry notifications following certain affirmative determinations
Sec. 1811. Notifications following certain affirmative determinations.
Sec. 1812. Notification to Secretary of Commerce.
Subpart c—program benefits
Sec. 1821. Qualifying Requirements for Workers.
Sec. 1822. Weekly amounts.
Sec. 1823. Limitations on trade readjustment allowances; allowances for extended training and breaks in training.
Sec. 1824. Special rules for calculation of eligibility period.
Sec. 1825. Application of State laws and regulations on good cause for waiver of time limits or late filing of claims.
Sec. 1826. Employment and case management services.
Sec. 1827. Administrative expenses and employment and case management services.
Sec. 1828. Training funding.
Sec. 1829. Prerequisite education; approved training programs.
Sec. 1830. Pre-layoff and part-time training.
Sec. 1831. On-the-job training.
Sec. 1832. Eligibility for unemployment insurance and program benefits while in training.
Sec. 1833. Job search and relocation allowances.
Subpart d—reemployment trade adjustment assistance program
Sec. 1841. Reemployment trade adjustment assistance program.
Subpart e—other matters
Sec. 1851. Office of Trade Adjustment Assistance.
Sec. 1852. Accountability of State agencies; collection and publication of program data; agreements with States.
Sec. 1853. Verification of eligibility for program benefits.
Sec. 1854. Collection of data and reports; information to workers.
Sec. 1855. Fraud and recovery of overpayments.
Sec. 1856. Sense of Congress on application of trade adjustment assistance.
Sec. 1857. Consultations in promulgation of regulations.
Sec. 1858. Technical corrections. Part II—Trade Adjustment Assistance for Firms Sec. 1861. Expansion to service sector firms.
Sec. 1862. Modification of requirements for certification.
Sec. 1863. Basis for determinations.
Sec. 1864. Oversight and administration; authorization of appropriations.
Sec. 1865. Increased penalties for false statements.
Sec. 1866. Annual report on trade adjustment assistance for firms.
Sec. 1867. Technical corrections. Part III—Trade Adjustment Assistance for Communities Sec. 1871. Purpose.
Sec. 1872. Trade adjustment assistance for communities.
Sec. 1873. Conforming amendments. Part IV—Trade Adjustment Assistance for Farmers Sec. 1881. Definitions.
Sec. 1882. Eligibility.
Sec. 1883. Benefits.
Sec. 1884. Report.
Sec. 1885. Fraud and recovery of overpayments.
Sec. 1886. Determination of increases of imports for certain fishermen.
Sec. 1887. Extension of trade adjustment assistance for farmers. Part V—General Provisions Sec. 1891. Effective date.
Sec. 1892. Extension of trade adjustment assistance programs.
Sec. 1893. Termination; related provisions.
Sec. 1894. Government Accountability Office report.
Sec. 1895. Emergency designation. Part VI—Health Coverage Improvement Sec. 1899. Short title.
Sec. 1899A. Improvement of the affordability of the credit.
Sec. 1899B. Payment for monthly premiums paid prior to commencement of advance payments of credit.
Sec. 1899C. TAA recipients not enrolled in training programs eligible for credit.
Sec. 1899D. TAA pre-certification period rule for purposes of determining whether there is a 63-day lapse in creditable coverage.
Sec. 1899E. Continued qualification of family members after certain events.
Sec. 1899F. Extension of COBRA benefits for certain TAA-eligible individuals and PBGC recipients.
Sec. 1899G. Addition of coverage through voluntary employees' beneficiary associations.
Sec. 1899H. Notice requirements.
Sec. 1899I. Survey and report on enhanced health coverage tax credit program.
Sec. 1899J. Authorization of appropriations.
Sec. 1899K. Extension of national emergency grants.
Sec. 1899L. GAO study and report.
