EFFECTIVE DATES.

SEC. 3071. EFFECTIVE DATES.(a) In General.—Except as otherwise provided in this section, the amendments made by this title shall apply to taxable years beginning after the date of the enactment of this Act.(b) REIT Income Tests.—(1) The amendments made by section 3031(a) and (c) shall apply to gains and items of income recognized after the date of the enactment of this Act.(2) The amendment made by section 3031(b) shall apply to transactions entered into after the date of the enactment of this Act.122 STAT. 2903(c) Conforming Foreign Currency Revisions.—(1) The amendment made by section 3033(a) shall apply to gains recognized after the date of the enactment of this Act.(2) The amendment made by section 3033(b) shall apply to gains and deductions recognized after the date of the enactment of this Act.(d) Dealer Sales.—The amendments made by subtitle C shall apply to sales made after the date of the enactment of this Act.