124 STAT. 3317 PUBLIC LAW 111–312—DEC. 17, 2010 (b) EFFECTIVE DATE.—The amendment made by this section shall apply to estates of decedents dying after December 31, 2009. SEC. 727. PARITY FOR EXCLUSION FROM INCOME FOR EMPLOYER - PROVIDED MASS TRANSIT AND PARKING BENEFITS. (a) IN GENERAL.—Paragraph (2) of section 132(f) is amended by striking ‘‘January 1, 2011’’ and inserting ‘‘January 1, 2012’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to months after December 31, 2010. SEC. 728. REFUNDS DISREGARDED IN THE ADMINISTRATION OF FED - ERAL PROGRAMS AND FEDERALLY ASSISTED PROGRAMS. (a) IN GENERAL.—Subchapter A of chapter 65 is amended by adding at the end the following new section: ‘‘SEC. 6409. REFUNDS DISREGARDED IN THE ADMINISTRATION OF FED- ERAL PROGRAMS AND FEDERALLY ASSISTED PROGRAMS. ‘‘(a) IN GENERAL.—Notwithstanding any other provision of law, any refund (or advance payment with respect to a refundable credit) made to any individual under this title shall not be taken into account as income, and shall not be taken into account as resources for a period of 12 months from receipt, for purposes of determining the eligibility of such individual (or any other individual) for benefits or assistance (or the amount or extent of benefits or assistance) under any Federal program or under any State or local program financed in whole or in part with Federal funds. ‘‘(b) TERMINATION.—Subsection (a) shall not apply to any amount received after December 31, 2012.’’. (b) CLERICAL AMENDMENT.—The table of sections for such sub- chapter is amended by adding at the end the following new item: ‘‘Sec. 6409. Refunds disregarded in the administration of Federal programs and federally assisted programs.’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to amounts received after December 31, 2009. Subtitle C—Business Tax Relief SEC. 731. RESEARCH CREDIT. (a) IN GENERAL.—Subparagraph (B) of section 41(h)(1) is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (b) CONFORMING AMENDMENT.—Subparagraph (D) of section 45C(b)(1) is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to amounts paid or incurred after December 31, 2009. SEC. 732. INDIAN EMPLOYMENT TAX CREDIT. (a) IN GENERAL.—Subsection (f) of section 45A is amended by striking ‘‘December 31, 2009’’ and inserting ‘‘December 31, 2011’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to taxable years beginning after December 31, 2009. SEC. 733. NEW MARKETS TAX CREDIT. (a) IN GENERAL.—Paragraph (1) of section 45D(f) is amended— (1) by striking ‘‘and’’ at the end of subparagraph (E), 26 USC 45A note. 26 USC 41 note. 26 USC 6409 note. 26 USC 6409. 26 USC 132 note. 26 USC 132. 26 USC 2105 note.
