INTERNAL REVENUE CODE OF 1986 AMENDMENTS.

SEC. 304. INTERNAL REVENUE CODE OF 1986 AMENDMENTS. (a) Section 168.—Section 168(g)(4)(B)(i) of the Internal Revenue Code of 1986 is amended by striking “domestic railroad corporation providing transportation subject to subchapter I of chapter 105” and inserting in lieu thereof “rail carrier subject to part A of subtitle IV”. (b) Section 281.—Subparagraphs (A) and (B) of section 281(d)(1) of such Code are each amended by striking “domestic 109 STAT. 944 railroad corporations providing transportation subject to subchapter I of chapter 105” and inserting in lieu thereof “rail carriers subject to part A of subtitle IV”. (c) Section 354.—Section 354(c) of such Code is amended by striking “or approved by the Interstate Commerce Commission under subchapter IV of chapter 113 of title 49,”. (d) Section 3231.—Section 3231 of such Code is amended— (1) in subsection (a) by striking “Interstate Commerce Commission” and inserting in lieu thereof “Surface Transportation Board”; and (2) in subsection (g) by striking “an express carrier, sleeping car carrier, or rail carrier providing transportation subject to subchapter I of chapter 105” and inserting in lieu thereof “a rail carrier subject to part A of subtitle IV”. (e) Section 7701.—Section 7701(a) of such Code is amended— (1) in paragraph (33)(B) by striking “Federal Power Commission” and inserting in lieu thereof “Federal Energy Regulatory Commission”; (2) in paragraph (33)(C)(i) by striking “Interstate Commerce Commission” and inserting in lieu thereof “Surface Transportation Board”; (3) in paragraph (33)(C)(ii) by striking “Interstate Commerce Commission” and inserting in lieu thereof “Federal Energy Regulatory Commission”; (4) in paragraph (33)(F) by striking “common carrier” and all that follows through “1933” and inserting in lieu thereof “a water carrier subject to jurisdiction under subchapter II of chapter 135 of title 49”; (5) in paragraph (33)(G) by striking “railroad corporation subject to subchapter I of chapter 105” and inserting in lieu thereof “rail carrier subject to part A of subtitle IV”; and (6) in paragraph (33)(H) by striking “subchapter I of chapter 105” and inserting in lieu thereof “part A of subtitle IV”.