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"(2) AMOUNT DESCRIBE
paragraph (1), an amount is
graph if-
ent of qualified tuition
fact tha such payment is,
ble educational instit ion
25A(f)(2)),
percent of the instruction
struction, and
"(D) such organizat
taxpayer a statement Whi
"(3) QUALIFIED RELIGI
For
training regarding a particular
nets, doctrines, beliefs, rituals,
"(A) such amount W0
for urposes of section 2
secondary e cational org
subparaeraph (b )(A)(i1i)
"(B) such payment i
ber 31, 2018, and before J
"(C) such organizat
mation required by section
purposes of this subsectio
S.L.C.
Y
D.-For purposes of
described in this para-
uld be treated as pay-
and related expenses
5A(f)(1) but for the
made to a primary or
anization described in
rather than an eligi-
(as defined in section
s ade after Decem-
anu 1, 2021,
ion cer fies that 30
it provide each aca-
demic year consists of qualified religi us in-
ion has provided th
605OZ.
OUS INSTRUCTION.--
n, the term 'qualified
religious instruction' means academic instruction or
religion (including te-
customs, and rites) of
\
ch contains the infor- \
O:\MCG\MCG17C62.xml
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25 taxpayer
[?le 3 of 5] S.L.C.
208
"(i) Will not interfere With, restrain,
or deny the exercise of or the attempt to
exercise, any right provided under the pol-
icy, and
"(ii) Will not discharge or in any other
manner discriminate against any individual
for opposing any practice prohibited by the
policy.
"(B) ADDED EMPLOYER; ADDED EM-
PLOYEE.-For purposes of this paragraph-
"(i) ADDED EMPLOYEE.-The term
'added employee' means a qualifying em-
ployee Who is not covered by title I of the
Family and Medical Leave Act of 1993, as
amended.
"(ii) ADDED EMPLOYER.--The term
'added employer' means an eligible em-
ployer (determined Without regard to this
paragraph), Whether or not covered by that
title I, Who offers paid family and medical
leave to added employees.
"(3) AGGREGATION RULE.-All persons which
are treated as a single employer under subsections
(a) and (b) of section 52 shall be treated as a single
20
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O:\MCG\MCG17C62.xml [file 3 of 5] S.L.C.
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this
255
holding period) of such security shall be determined
on a first-in first-out basis.
"(2) EXCEPTION.-In the case of a sale, ex-
change, or other disposition of a specified security
by a regulated investment company (as defined in
section 851(a)), paragraph (1) shall not apply.".
(b) CONFORMING AMENDMENTS.-
(1) Section 1012(c)(1) is amended by striking
"the conventions prescribed by regulations under
this section" and inserting "the method applicable
for determining the cost of such security".
(2) Section 1012(c)(2)(A) is amended by insert-
ing "(as in effect prior to the enactment of the Tax
Cuts and Jobs Act)" after "this section".
(3) Section 6045(g)(2)(B)(i)(I) is amended by
striking "unless the customer notifies the broker by
means of making an adequate identification of the
stock sold or transferred".
(c) EFFECTIVE DATE.-The amendments made by
section shall apply to sales, exchanges, and other dis-
positions after December 31, 2017.
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O:\MCG\MCG17C62.xml [file 3 of 5] S.L.C.
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(b)
chapters
291
"(B) unless such organization is controlled
by such institution or is described in section
509(a)(3) with respect to such institution for
the taxable year, assets and net investment in-
come Which are not intended or available for
the use or benefit of the educational institution
shall not be taken into account.
"(2) RELATED ORGANIZATION.-F0r purposes
of this subsection, the term 'related organization'
means, with respect to an educational institution,
any organization Which-
"(A) controls, or is controlled by, such in-
stitution,
"(B) is controlled by 1 or more persons
which also control such institution, or
"(C) is a supported organization (as de-
fined in section 509(f)(3)), or an organization
described in section 509(a)(3), during the tax-
able year With respect to such institution.".
CLERICAL AMENDMENT.-The table of sub-
for chapter 42 is amended by adding at the end
the following new item:
"SUBCHAPTER H--EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE
COLLEGES AND UNIVERSITIES".
1
O:\GAI\GAI17738.xml [?lo 4 of 5] S.L.C.
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this
412
unrelated party Who is not a United
States person, and
"(II) the taxpayer establishes to
the satisfaction of the Secretary that
such property is for a foreign use.
For purposes of this clause, a sale of prop-
erty shall be treated as a sale of each of
the components thereof.
"(ii) SERVICE PROVIDED TO RELATED
PARTIES.-If a service is provided to a re-
lated party who is not located in the
United States, such service shall not be
treated described in subparagraph (A) (ii)
unless the taxpayer established to the sat-
isfaction of the Secretary that such service
is not substantially similar to services pro-
vided by such related party to persons lo-
cated Within the United States.
"(D) RELATED 1>ARTY.-For purposes of
paragraph, the term 'related party' means
any member of an affiliated group as defined in
section 1504(a), determined--
"(i) by substituting 'more than 50
percent' for 'at least 80 percent' each place
it appears, and