MISCELLANEOUS CLARIFICATIONS.

SEC. 1163. MISCELLANEOUS CLARIFICATIONS. (a) Attribution of Deemed Paid Foreign Taxes to Prior Distributions.—Subparagraph (B) of section 902(c)(2) is amended by striking “deemed paid with respect to” and inserting “attributable to”. (b) Financial Services Income Determined Without Regard to High-Taxed Income.—Subclause (II) of section 904(d)(2)(C)(i) is amended by striking “subclause (I)” and inserting “subclauses (I) and (III)”. (c) Effective Date.—The amendments made by this section shall take effect on the date of the enactment of this Act.