PUBLIC LAW 98-369—JULY 18, 1984
98 STAT. 843
the extent such reduction is not taken into account under section 41(c)(3)." Ante, p. 826. (15) SECTION 409.—
(A) Section 409 (relating to qualifications for tax credit employee stock ownership plans), as redesignated by section 491 of this Act, is amended by striking out "44G" each place
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it appears in subsections (b), (g), (i), (m), and (n) and inserting in lieu thereof "41". ,;,^{ (B) Paragraph (1) of section 409(b), as so redesignated, is amended by striking out "48(n)(l)(A) or". ^,^..(C) Subsection (g) of section 409, as so redesignated, is amended by adding at the end thereof the following new sentence: "For purposes of the preceding sentence, the references to section 48(n)(l) and the employee plan credit , shall refer to such section and credit as in effect before the enactment of the Tax Reform Act of 1984." (D) Subparagraph (A) of section 409(i)(l), as so redesignated, is amended by striking out "48(n)(l) or". (E) Subsection (k) of section 409, as so redesignated, is Ly.; amended by adding at the end thereof the following new sentence: "For' purposes of this subsection, the reference to the matching employee plan credit shall refer to such credit as in effect before the enactment of the Tax Reform Act of 1984." (16) SECTION 527 (g)(i).—Paragraph (1) of section 527(g) (relating to treatment of newsletter funds) is amended by striking out "section 41(c)(2)" and inserting in lieu thereof "section 24(c)(2)". r (17) SECTION 642 (a)(2).—Paragraph (2) of section 642(a) (relat^ ing to credit for political contributions) is amended by striking out "section 41" and inserting in lieu thereof "section 24'. (18) SECTION 6 9 1 (b).—Subsection (b) of section 691 (relating to allowance of deductions and credit) is amended by striking out "section 33" each place it appears and inserting in lieu thereof "section 27". (19) SECTIONS 874(a) AND 882(C)(2).—Sections 874(a) and -: 882(c)(2) are each amended— t (A) by striking out "32" and inserting in lieu thereof V "33", and (B) by striking out "section 39" and inserting in lieu w* thereof "section 34", t (20) SECTION 9 0 1 (a).—Subsection (a) of section 901 (relating to allowance of foreign tax credit) is amended by striking out the last sentence and inserting in lieu thereof the following: "The credit shall not be allowed against any tax treated as a tax not 5 imposed by this chapter under section 25(b)." (21) SECTION 904 (g).—Subsection (g) of section 904 (relating to limitation on foreign tax credit) is amended to read as follows:
Post, p. 852. Ante, p. 848.
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Ante, p. 837. Ante, p. 494. i > -C -. ' i ^^
26 USC 527. 26 USC 642. 26 USC 691.
26 USC 874,882. 26 USC 90i.
Ante, p. 821. 26 USC 904.
"(g) COORDINATION WITH NONREFUNDABLE PERSONAL CREDITS.—In
the case of an individual, for purposes of subsection (a), the tax against which the credit is taken is such tax reduced by the sum of si r?J^jif?\ the credits allowable under subpart A of part IV of subchapter A of this chapter." Ante, p. 826. (22) SECTION 936.— (A) Clause (i)(I)(a) of section 936(h)(5)(C) is amended by 26 USC 936. striking out "section 44F(b)" and inserting in lieu thereof ^ "section 30(b)". (B) Clause (i)(IVXc) of section 936(h)(5)(C) is amended—
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