AMENDMENT RELATING TO CONSOLIDATED APPROPRIATIONS ACT, 2016.

SEC. 102. [26 U.S.C. 199 note] AMENDMENT RELATING TO CONSOLIDATED APPROPRIATIONS ACT, 2016. (a) Amendment Relating to Section 305 of Division P.—For purposes of applying section 199(c)(3)(C)(i) of the Internal Revenue Code of 1986 (as in effect before its repeal by Public Law 115-97) to taxable years beginning after December 31, 2015, and before January 1, 2018, such section shall be applied— (1) by inserting “who elects the application of this clause for any taxable year,” after “In the case of any taxpayer”, (2) by substituting “, and who” for “and who”, (3) by substituting “such taxable year” for “the taxable year”, and (4) by substituting “(as defined in subsection (d)(9)(B))” for “under subsection (d)(9)(B)”. (b) Effective Date.—The amendment made by this section shall take effect as if included in section 305 of division P of the Consolidated Appropriations Act, 2016.