92 STAT. 2764
PUBLIC LAW 95-600—NOV. 6, 1978 Subtitle E—Retirement Plans Sec. Sec. Sec. Sec. Sec. Sec.
152. 153. 154. 155. 156. 157
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Simplified employee pensions. Defined benefit plan limits. Custodial accounts for regulated investment company stock. Pension plan reserves. Rollover of section 403(b) annuities permitted. Individual retirement account technical changes. Subtitle F—Other Individual Items
Sec. Sec. Sec. Sec.
161. 162. 163. 164.
Certain Government scholarship and award programs. Cancellation of student loans. Tax counseling for the elderly. Exclusion of value of certain educational assistance programs. TITLE II - T A X SHELTER PROVISIONS Subtitle A—Provisions Related to At Risk Rules
Sec. 201. Extension of section 465 at risk rules to all activities other than real estate. Sec. 202. Extension of at risk provisions to closely held corporations. ^ Sec. 203. Recapture of losses where amount at risk is less than zero. Sec. 204. Effective dates. Subtitle B—Partnership Provisions Sec. 211. Penalty for failure to file partnership return. Sec. 212. Extension of statute of limitations in the case of partnership items. TITLE III—PROVISIONS PRIMARILY AFFECTING BUSINESS INCOME TAX Subtitle A—Corporate Rate Reductions Sec. 301. Corporate rate reductions. Subtitle B—Credits Sec. 311. 10-percent investment tax credit and $100,000 limitation on used property made permanent. Sec. 312. Increase in limitation on investment credit to 90 percent of tax liability. Sec. 313. Investment credit for pollution control facilities. Sec. 314. Investment credit for certain single purpose agricultural or horticultural structures. Sec. 315. Investment credit allowed for certain rehabilitated buildings. Sec. 316. Tax treatment of the investment credit in the case of cooperative organizations. Sec. 317. Transfers to ConRail not treated as dispositions for purposes of the investment credit. Subtitle C—Targeted Jobs Credit; WIN Credit Sec. 321. Targeted jobs credit. Sec. 322. Work incentive program credit changes.
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Subtitle D—Tax Exempt Bonds PART I—INDUSTRIAL DEVELOPMENT BONDS
Sec. Sec. Sec. Sec.
331. 332. 333. 334.
Increase in limit on small issues of industrial development bonds. Local furnishing of electric energy.
Industrial development bonds for water facilities. Advance refunding of industrial development bonds for qualified public facilities. PART II—OTHER TAX-EXEMPT BOND PROVISIONS
Sec. 336. Declaratory judgment procedure for judicial review of determinations relating to governmental obligations. Sec. 337. Disposition of amounts generated by advance refunding of certain governmental obligations.
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