IDENTIFICATION OF LIMITED TAX BENEFITS SUBJECT TO LINE ITEM VETO.

SEC. 1701. IDENTIFICATION OF LIMITED TAX BENEFITS SUBJECT TO LINE ITEM VETO. Section 1021(a)(3) of the Congressional Budget and Impoundment Control Act of 1974 shall only apply to— (1) section 101(c) (relating to high risk pools permitted to cover dependents of high risk individuals); (2) section 222 (relating to limitation on qualified 501(c)(3) bonds other than hospital bonds); (3) section 224 (relating to contributions of computer technology and equipment for elementary or secondary school purposes);111 STAT. 1100 (4) section 312(a) (relating to treatment of remainder interests for purposes of provision relating to gain on sale of principal residence); (5) section 501(b) (relating to indexing of alternative valuation of certain farm, etc., real property); (6) section 504 (relating to extension of treatment of certain rents under section 2032A to lineal descendants); (7) section 505 (relating to clarification of judicial review of eligibility for extension of time for payment of estate tax); (8) section 508 (relating to treatment of land subject to qualified conservation easement); (9) section 511 (relating to expansion of exception from generation-skipping transfer tax for transfers to individuals with deceased parents); (10) section 601 (relating to the research tax credit); (11) section 602 (relating to contributions of stock to private foundations); (12) section 603 (relating to the work opportunity tax credit); (13) section 604 (relating to orphan drug tax credit); (14) section 701 (relating to incentives for revitalization of the District of Columbia) to the extent it amends the Internal Revenue Code of 1986 to create sections 1400 and 1400A (relating to tax-exempt economic development bonds); (15) section 701 (relating to incentives for revitalization of the District of Columbia) to the extent it amends the Internal Revenue Code of 1986 to create section 1400C (relating to first-time homebuyer credit for District of Columbia); (16) section 801 (relating to incentives for employing longterm family assistance recipients); (17) section 904(b) (relating to uniform rate of tax on vaccines) as it relates to any vaccine containing pertussis bacteria, extracted or partial cell bacteria, or specific pertussis antigens; (18) section 904(b) (relating to uniform rate of tax on vaccines) as it relates to any vaccine against measles; (19) section 904(b) (relating to uniform rate of tax on vaccines) as it relates to any vaccine against mumps; (20) section 904(b) (relating to uniform rate of tax on vaccines) as it relates to any vaccine against rubella; (21) section 905 (relating to operators of multiple retail gasoline outlets treated as wholesale distributors for refund purposes); (22) section 906 (relating to exemption of electric and other clean-fuel motor vehicles from luxury automobile classification); (23) section 907(a) (relating to rate of tax on liquefied natural gas determined on basis of BTU equivalency with gasoline); (24) section 907(b) (relating to rate of tax on methanol from natural gas determined on basis of BTU equivalency with gasoline); (25) section 908 (relating to modification of tax treatment of hard cider); (26) section 914 (relating to mortgage financing for residences located in disaster areas); (27) section 962 (relating to assignment of workmen’s compensation liability eligible for exclusion relating to personal injury liability assignments);111 STAT. 1101 (28) section 963 (relating to tax-exempt status for certain State worker’s compensation act companies); (29) section 967 (relating to additional advance refunding of certain Virgin Island bonds); (30) section 968 (relating to nonrecognition of gain on sale of stock to certain farmers’ cooperatives); (31) section 971 (relating to exemption of the incremental cost of a clean fuel vehicle from the limits on depreciation for vehicles); (32) section 974 (relating to clarification of treatment of certain receivables purchased by cooperative hospital service organizations); (33) section 975 (relating to deduction in computing adjusted gross income for expenses in connection with service performed by certain officials) with respect to taxable years beginning before 1991; (34) section 977 (relating to elective carryback of existing carryovers of National Railroad Passenger Corporation); (35) section 1005(b)(2)(B) (relating to transition rule for instruments described in a ruling request submitted to the Internal Revenue Service on or before June 8, 1997); (36) section 1005(b)(2)(C) (relating to transition rule for instruments described on or before June 8, 1997, in a public announcement or in a filing with the Securities and Exchange Commission) as it relates to a public announcement; (37) section 1005(b)(2)(C) (relating to transition rule for instruments described on or before June 8, 1997, in a public announcement or in a filing with the Securities and Exchange Commission) as it relates to a filing with the Securities and Exchange Commission; (38) section 1011(d)(2)(B) (relating to transition rule for distributions made pursuant to the terms of a tender offer outstanding on May 3, 1995); (39) section 1011(d)(3) (relating to transition rule for distributions made pursuant to the terms of a tender offer outstanding on September 13, 1995); (40) section 1012(d)(3)(B) (relating to transition rule for distributions pursuant to an acquisition described in section 355(e)(2)(A)(ii) of the Internal Revenue Code of 1986 described in a ruling request submitted to the Internal Revenue Service on or before April 16, 1997); (41) section 1012(d)(3)(C) (relating to transition rule for distributions pursuant to an acquisition described in section 355(e)(2)(A)(ii) of the Internal Revenue Code of 1986 described in a public announcement or filing with the Securities and Exchange Commission) as it relates to a public announcement; (42) section 1012(d)(3)(C) (relating to transition rule for distributions pursuant to an acquisition described in section 355(e)(2)(A)(ii) of the Internal Revenue Code of 1986 described in a public announcement or filing with the Securities and Exchange Commission) as it relates to a filing with the Securities and Exchange Commission; (43) section 1013(d)(2)(B) (relating to transition rule for distributions or acquisitions after June 8, 1997, described in a ruling request submitted to the Internal Revenue Service submitted on or before June 8, 1997);111 STAT. 1102 (44) section 1013(d)(2)(C) (relating to transition rule for distributions or acquisitions after June 8, 1997, described in a public announcement or filing with the Securities and Exchange Commission on or before June 8, 1997) as it relates to a public announcement; (45) section 1013(d)(2)(C) (relating to transition rule for distributions or acquisitions after June 8, 1997, described in a public announcement or filing with the Securities and Exchange Commission on or before June 8, 1997) as it relates to a filing with the Securities and Exchange Commission; (46) section 1014(f)(2)(B) (relating to transition rule for any transaction after June 8, 1997, if such transaction is described in a ruling request submitted to the Internal Revenue Service on or before June 8, 1997); (47) section 1014(f)(2)(C) (relating to transition rule for any transaction after June 8, 1997, if such transaction is described in a public announcement or filing with the Securities and Exchange Commission on or before June 8, 1997) as it relates to a public announcement; (48) section 1014(f)(2)(C) (relating to transition rule for any transaction after June 8, 1997, if such transaction is described in a public announcement or filing with the Securities and Exchange Commission on or before June 8, 1997) as it relates to a filing with the Securities and Exchange Commission; (49) section 1042(b) (relating to special rules for provision terminating certain exceptions from rules relating to exempt organizations which provide commercial-type insurance); (50) section 1081(a) (relating to termination of suspense accounts for family corporations required to use accrual method of accounting) as it relates to the repeal of Internal Revenue Code section 447(i)(3); (51) section 1089(b)(3) (relating to reformations); (52) section 1089(b)(5)(B)(i) (relating to persons under a mental disability; (53) section 1171 (relating to treatment of computer software as FSC export property); (54) section 1175 (relating to exemption for active financing income); (55) section 1204 (relating to travel expenses of certain Federal employees engaged in criminal investigations); (56) section 1236 (relating to extension of time for filing a request for administrative adjustment); (57) section 1243 (relating to special rules for administrative adjustment request with respect to bad debts or worthless securities); (58) section 1251 (relating to clarification of limitation on maximum number of shareholders); (59) section 1253 (relating to attribution rules applicable to stock ownership); (60) section 1256 (relating to modification of earnings and profits rules for determining whether REIT has earnings and profits from non-REIT year); (61) section 1257 (relating to treatment of foreclosure property); (62) section 1261 (relating to shared appreciation mortgages);111 STAT. 1103 (63) section 1302 (relating to clarification of waiver of certain rights of recovery); (64) section 1303 (relating to transitional rule under section 2056A); (65) section 1304 (relating to treatment for estate tax purposes of short-term obligations held by nonresident aliens); (66) section 1311 (relating to clarification of treatment of survivor annuities under qualified terminable interest rules); (67) section 1312 (relating to treatment of qualified domestic trust rules of forms of ownership which are not trusts); (68) section 1313 (relating to opportunity to correct failures under section 2032A); (69) section 1414 (relating to fermented material from any brewery may be received at a distilled spirits plant); (70) section 1417 (relating to use of additional ameliorating material in certain wines); (71) section 1418 (relating to domestically produced beer may be withdrawn free of tax for use of foreign embassies, legations, etc.); (72) section 1421 (relating to transfer to brewery of beer imported in bulk without payment of tax); (73) section 1422 (relating to transfer to bonded wine cellars of wine imported in bulk without payment of tax); (74) section 1506 (relating to clarification of certain rules relating to employee stock ownership plans of S corporations); (75) section 1507 (relating to modification of 10-percent tax for nondeductible contributions); (76) section 1523 (relating to repeal of application of unrelated business income tax to ESOPs); (77) section 1530 (relating to gratuitous transfers for the benefit of employees); (78) section 1532 (relating to special rules relating to church plans); and (79) section 1604(c)(2) (relating to amendment related to Omnibus Budget Reconciliation Act of 1993).