Omnibus Budget Reconciliation Act of 1990/Title XI
(Redirected from Revenue Reconciliation Act of 1990)
TITLE XI — REVENUE PROVISIONS
[edit]Sec. 11001. Short Title; Etc.
[edit]- (a) Short Title.—
- This title may be cited as the ``Revenue Reconciliation Act of 1990´´.
- (b) Amendment of 1986 Code.—
- 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) Section 15 Not to Apply.—
- Except as otherwise expressly provided in this title, no amendment made by this title shall be treated as a change in a rate of tax for purposes of section 15 of the Internal Revenue Code of 1986.
- (d) Table of Contents.—
TITLE XI—REVENUE PROVISIONS
- Part II — Modifications of Earned Income Credit
- Sec. 11111. Modifications of earned income tax credit.
- Sec. 11112. Requirement of identifying number for certain dependents.
- Sec. 11113. Study of advance payments.
- Sec. 11114. Program to increase public awareness.
- Sec. 11115. Exclusion from income and resources of earned income tax credit under titles IV, XVI, and XIX of the Social Security Act.
- Sec. 11116. Coordination with refund provision.
- Part II — Modifications of Earned Income Credit
- Part II — User-Related Taxes
- Sec. 11211. Increase and extension of highway-related taxes and trust fund.
- Sec. 11212. Improvements in administration of gasoline excise tax.
- Sec. 11213. Increase and extension of aviation-related taxes and trust fund; repeal of reduction in rates.
- Sec. 11214. Increase in harbor maintenance tax.
- Sec. 11215. Extension of Leaking Underground Storage Tank Trust Fund taxes.
- Sec. 11216. Amendments to gas guzzler tax.
- Sec. 11217. Telephone excise tax modified and made permanent.
- Sec. 11218. Floor stocks tax treatment of articles in foreign trade zones.
- Part II — User-Related Taxes
- Subtitle C — Other Revenue Increases
- Part II — Compliance Provisions
- Sec. 11311. Suspension of statute of limitations during proceedings to enforce certain summonses.
- Sec. 11312. Accuracy-related penalty to apply to section 482 adjustments.
- Sec. 11313. Treatment of persons providing services.
- Sec. 11314. Application of amendments made by section 7403 of Revenue Reconciliation Act of 1989 to taxable years beginning on or before July 10, 1989.
- Sec. 11315. Other reporting requirements.
- Sec. 11316. Study of section 482.
- Sec. 11317. 10-year period of limitation on collection after assessment.
- Sec. 11318. Return requirement where cash received in trade or business.
- Sec. 11319. 5-year extension of Internal Revenue Service user fees.
- Part II — Compliance Provisions
- Part III — Corporate Provisions
- Sec. 11321. Recognition of gain by distributing corporation in certain section 355 transactions.
- Sec. 11322. Modifications to regulations issued under section 305(c).
- Sec. 11323. Modifications to section 1060.
- Sec. 11324. Modification to corporation equity reduction limitations on net operating loss carrybacks.
- Sec. 11325. Issuance of debt or stock in satisfaction of indebtedness.
- Part III — Corporate Provisions
- Part V — Miscellaneous Provisions
- Sec. 11341. Increase in rate of interest payable on large corporate underpayments.
- Sec. 11342. Denial of deduction for unnecessary cosmetic surgery.
- Sec. 11343. Special rules where grantor of trust is a foreign person.
- Sec. 11344. Treatment of contributions of appreciated property under minimum tax.
- Part V — Miscellaneous Provisions
- Subtitle D — 1-Year Extension of Certain Expiring Tax Provisions
- Sec. 11401. Allocation of research and experimental expenditures.
- Sec. 11402. Research credit.
- Sec. 11403. Employer-provided educational assistance.
- Sec. 11404. Group legal services plans.
- Sec. 11405. Targeted jobs credit.
- Sec. 11406. Energy investment credit for solar and geothermal property.
- Sec. 11407. Low-income housing credit.
- Sec. 11408. Qualified mortgage bonds.
- Sec. 11409. Qualified small issue bonds.
- Sec. 11410. Health insurance costs of self-employed individuals.
- Sec. 11411. Expenses for drugs for rare conditions.
- Part III — Modifications of Percentage Depletion
- Sec. 11521. Percentage depletion permitted after transfer of proven property.
- Sec. 11522. Net income limitation on percentage depletion increased from 50 percent to 100 percent of property net income for oil and gas properties.
- Sec. 11523. Increase in percentage depletion allowance for marginal production.
- Part III — Modifications of Percentage Depletion
- subpart b — modifications to specific provisions
- Sec. 11811. Elimination of expired provisions in section 172.
- Sec. 11812. Elimination of obsolete provisions in section 167.
- Sec. 11813. Elimination of expired or obsolete investment tax credit provisions.
- Sec. 11814. Elimination of obsolete provisions in section 243(b).
- Sec. 11815. Elimination of expired provisions in percentage depletion.
- Sec. 11816. Elimination of expired provisions in section 29.
- subpart b — modifications to specific provisions