CERTAIN SELF-CREATED PROPERTY NOT TREATED AS A CAPITAL ASSET.

SEC. 13314. CERTAIN SELF-CREATED PROPERTY NOT TREATED AS A CAPITAL ASSET.(a) Patents, etc.—Section 1221(a)(3) is amended by inserting “a patent, invention, model or design (whether or not patented), a secret formula or process,” before “a copyright”.(b) Conforming Amendment.—Section 1231(b)(1)(C) is amended by inserting “a patent, invention, model or design (whether or not patented), a secret formula or process,” before “a copyright”.(c) Effective Date.—The amendments made by this section shall apply to dispositions after December 31, 2017.